Note 7 - State Franchise Taxes Payable	9 Months Ended
Sep. 30, 2021
Notes to Financial Statements
Franchise Tax Disclosure [Text Block]	7. STATE FRANCHISE TAXES PAYABLE During Q3, 2021 the Delaware Department of Corporations determined that Ironstone Group, Inc. became inoperative on March 1, 2017 falling into “Void” status. As a result, no Delaware State franchise tax or related penalties were due for the period March 2017 through March 2021. During the “Void” status period, another company incorporated in Delaware assumed the name Ironstone Group, LLC. As a result of this, Ironstone Group, Inc., renamed itself to Ironstone Properties, Inc., and is registered in Delaware. All Delaware State franchise taxes and related penalties from the period 2015 through March 2017 were paid. The Company filed a Certificate for Revival of Void with the State of Delaware and was accepted. The Company is currently in good standing in the State of Delaware. During the period March 2017 and March 2021, the company recorded $58,504 of Delaware Franchise tax liabilities and related interest and penalties of $32,577. These items were reversed in a prior period adjustment to retained earnings as they applied to prior years.

Note 7 - State Franchise Taxes Payable

9 Months Ended

Sep. 30, 2021

7. STATE FRANCHISE TAXES PAYABLE

During Q3, 2021 the Delaware Department of Corporations determined that Ironstone Group, Inc. became inoperative on March 1, 2017 falling into “Void” status. As a result, no Delaware State franchise tax or related penalties were due for the period March 2017 through March 2021. During the “Void” status period, another company incorporated in Delaware assumed the name Ironstone Group, LLC. As a result of this, Ironstone Group, Inc., renamed itself to Ironstone Properties, Inc., and is registered in Delaware. All Delaware State franchise taxes and related penalties from the period 2015 through March 2017 were paid. The Company filed a Certificate for Revival of Void with the State of Delaware and was accepted. The Company is currently in good standing in the State of Delaware.

During the period March 2017 and March 2021, the company recorded $58,504 of Delaware Franchise tax liabilities and related interest and penalties of $32,577. These items were reversed in a prior period adjustment to retained earnings as they applied to prior years.