Note 3 - Investments

3 Months Ended

Mar. 31, 2021

Notes to Financial Statements

Investment [Text Block]

3.

INVESTMENTS

TangoMe, Inc.

On

March 30, 2012,

the Company purchased

468,121

shares of Series A Preferred stock from related party William R. Hambrecht at

$2.14

per share, resulting in a total investment of

$1,000,000.

For the year ended

December 31, 2020

there was

no

valuation gain or loss for TangoMe, Inc., remaining at a valuation of

$2,574,666.

There was

no

change in value as of

March 31, 2021,

with the valuation remaining at

$2,574,666.

The investment fair value is based on using an average company valuation for TangoMe Inc. as determined by the “MESE” big data analysis system and SPAC inquiries for TangoMe, Inc. These are the primary significant unobservable input used in the fair value measurement of the Company's investment. 

Salon Media Group, Inc.

The Company owned

1,926,857

shares of Common Stock of Salon Media Group, Inc. On

March 6, 2019

Salon Media Group, Inc. entered into to a sale of all of its assets at an amount of less than

$0.01

per share. Ironstone received

no

measurable value for its investment and wrote the investment off.

FlexiInternational Software, Inc.

The Company owned

78,000

shares of Flexi International Software stock. The investment in common shares of Flexi was sold in entirety during

2015

for approximately

$10,000

to cover operating costs.

Truett-Hurst, Inc.

The company owned

10,000

shares of Truett-Hurst common stock. The Company sold its investment in Truett-Hurst, Inc. during

2015

for approximately

$30,000

to cover operating costs.

Arcimoto, Inc.

During fiscal year

2014

the Company purchased

37,000

shares of Arcimoto, Inc. series A-

1

preferred stock for

$100,011.

The A-

1

preferred stock was converted to common stock during

2017

prior to Arcimoto filing for its initial public offering. During

2017,

prior to the initial public offering, there was a

two

for

one

stock split, increasing the shares held to

74,000.

On

October 2, 2015

the Ironstone Group, Inc. was granted

2,500

Arcimoto options, strike price

$4.121

per share, expiration

October 2, 2025.

Following the

two

for

one

stock split, the options held increased to

5,000

with a

$2.0605

strike price per share. On

September 17, 2017,

Arcimoto listed on Nasdaq. The closing price on

December 31, 2020

was

$13.23

per share, resulting in a stock holdings valuation of

$979,020

and in-the-money options valuation of

$55,848.

On

March 31, 2021

the closing price was also

$13.23

per share, maintaining the stock holding valuation of

$979,020

and options in-the-money valuation of

$55,848,

resulting in

no

gain or loss for the quarter ended

March 31, 2021.

Buoy Health, Inc.

On

March 17, 2021

the Company purchased

11,233

common shares of the private company Buoy Health, Inc. at

$15.92

per share. The total value of the investment was

$178,824

at

March 31, 2021.