10-Q Filing

CREDITRISKMONITOR COM INC CIK: 315958 Q3 2019

Filing Information

Form Type	10-Q
Accession Number	`0001140361-19-020509`
Period End Date	20190930
Filing Date	20191114
Fiscal Year	2019
Fiscal Period	Q3
XBRL Instance	crmz-20190930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 52 Cash Flow Statement 46 Stockholders Equity 24

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.07M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.57M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net of allowance	`AccountsReceivableNetCurrent`	$2.45M	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Accounts receivable, net of allowance	`AccountsReceivableNetCurrent`	$1.85M	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$522.64K	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$561.86K	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$10.94M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$11.08M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$514.92K	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	32.50M	shares	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	32.50M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$543.76K	USD	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	10.72M	shares	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$2.43M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	10.72M	shares	Point-in-time
Goodwill	`Goodwill`	$1.95M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	10.72M	shares	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	10.72M	shares	Point-in-time
Goodwill	`Goodwill`	$1.95M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$48.65K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$35.61K	USD	Point-in-time
Total assets	`Assets`	$15.88M	USD	Point-in-time
Total assets	`Assets`	$13.62M	USD	Point-in-time
Unexpired subscription revenue	`DeferredRevenueCurrent`	$8.36M	USD	Point-in-time
Unexpired subscription revenue	`DeferredRevenueCurrent`	$8.56M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$25.97K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$94.77K	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$143.69K	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.31M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.23M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.76M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.97M	USD	Point-in-time
Deferred taxes on income, net	`DeferredTaxLiabilitiesNoncurrent`	$511.66K	USD	Point-in-time
Deferred taxes on income, net	`DeferredTaxLiabilitiesNoncurrent`	$490.38K	USD	Point-in-time
Unexpired subscription revenue, less current portion	`DeferredRevenueNoncurrent`	$213.96K	USD	Point-in-time
Unexpired subscription revenue, less current portion	`DeferredRevenueNoncurrent`	$178.13K	USD	Point-in-time
Operating lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$2.34M	USD	Point-in-time
Operating lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$24.54K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$10.66M	USD	Point-in-time
Total liabilities	`Liabilities`	$12.83M	USD	Point-in-time
Preferred stock, $.01 par value; authorized 5,000,000 shares; none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.01 par value; authorized 5,000,000 shares; none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.01 par value; authorized 32,500,000 shares; issued and outstanding 10,722,401 shares	`CommonStockValue`	$107.22K	USD	Point-in-time
Common stock, $.01 par value; authorized 32,500,000 shares; issued and outstanding 10,722,401 shares	`CommonStockValue`	$107.22K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$29.69M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$29.65M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-26.80M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-26.74M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.58M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.29M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.84M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.96M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.05M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.30M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$13.62M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$15.88M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Operating revenues	`Revenues`	$10.74M	USD	3 Qtrs
Operating revenues	`Revenues`	$3.48M	USD	1 Quarter
Operating revenues	`Revenues`	$3.67M	USD	1 Quarter
Operating revenues	`Revenues`	$10.33M	USD	3 Qtrs
Data and product costs	`OperatingCostsAndExpenses`	$4.31M	USD	3 Qtrs
Data and product costs	`OperatingCostsAndExpenses`	$1.42M	USD	1 Quarter
Data and product costs	`OperatingCostsAndExpenses`	$1.42M	USD	1 Quarter
Data and product costs	`OperatingCostsAndExpenses`	$4.32M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$6.28M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$6.40M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.06M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.96M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$138.67K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$52.67K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$153.70K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$49.58K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$10.75M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$10.85M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$3.44M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.53M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-520.97K	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-45.33K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-11.19K	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$237.13K	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$40.22K	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$36.71K	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$88.35K	USD	3 Qtrs
Other income, net	`NonoperatingIncomeExpense`	$124.32K	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-432.61K	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$277.36K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$113.13K	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-8.62K	USD	1 Quarter
Benefit (provision) for income taxes	`IncomeTaxExpenseBenefit`	$-79.19K	USD	3 Qtrs
Benefit (provision) for income taxes	`IncomeTaxExpenseBenefit`	$2.53K	USD	1 Quarter
Benefit (provision) for income taxes	`IncomeTaxExpenseBenefit`	$73.77K	USD	1 Quarter
Benefit (provision) for income taxes	`IncomeTaxExpenseBenefit`	$57.54K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-353.42K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-11.15K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$55.59K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$203.59K	USD	1 Quarter
Net income (loss) per share - Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	3 Qtrs
Net income (loss) per share - Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net income (loss) per share - Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.02	USD	1 Quarter
Net income (loss) per share - Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.01	USD	3 Qtrs
Weighted average number of common shares outstanding - Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.72M	shares	3 Qtrs
Weighted average number of common shares outstanding - Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.72M	shares	1 Quarter
Weighted average number of common shares outstanding - Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.72M	shares	3 Qtrs
Weighted average number of common shares outstanding - Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.72M	shares	1 Quarter
Weighted average number of common shares outstanding - Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.72M	shares	1 Quarter
Weighted average number of common shares outstanding - Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.72M	shares	1 Quarter
Weighted average number of common shares outstanding - Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.72M	shares	3 Qtrs
Weighted average number of common shares outstanding - Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.73M	shares	3 Qtrs

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-353.42K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-11.15K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$55.59K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$203.59K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$74.10K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-88.46K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$138.67K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$52.67K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$153.70K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$49.58K	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInPrepaidRent`	-	USD	3 Qtrs
Deferred rent	`IncreaseDecreaseInPrepaidRent`	$-3.56K	USD	3 Qtrs
Operating lease right-of-use asset, net	`OperatingLeaseRightToUseAssetNetAdjustment`	$31.93K	USD	3 Qtrs
Operating lease right-of-use asset, net	`OperatingLeaseRightToUseAssetNetAdjustment`	-	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$72.19K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$40.52K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-609.26K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-569.47K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-136.00	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-39.22K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$13.04K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$24.82K	USD	3 Qtrs
Unexpired subscription revenue	`IncreaseDecreaseInDeferredRevenue`	$-94.39K	USD	3 Qtrs
Unexpired subscription revenue	`IncreaseDecreaseInDeferredRevenue`	$-166.41K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$86.56K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-68.80K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-129.77K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-184.21K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$125.29K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$626.31K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$253.99K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$124.86K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-253.99K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-124.86K	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$501.45K	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-128.70K	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.57M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.74M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.61M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.07M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.57M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.74M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.61M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.07M	USD	Point-in-time
Income taxes	`IncomeTaxesPaidNet`	$5.96K	USD	3 Qtrs
Income taxes	`IncomeTaxesPaidNet`	$-103.81K	USD	3 Qtrs

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$3.58M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.29M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.84M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.96M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.05M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.30M	USD	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	10.72M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	10.72M	shares	Point-in-time
Net income (loss)	`NetIncomeLoss`	$-353.42K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-11.15K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$55.59K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$203.59K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$72.19K	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$40.52K	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$12.46K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$21.20K	USD	1 Quarter
Balance	`StockholdersEquity`	$3.58M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.29M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.84M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.96M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.05M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.30M	USD	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	10.72M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	10.72M	shares	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.