10-Q Filing

CREDITRISKMONITOR COM INC CIK: 315958 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001140361-20-011522`
Period End Date	20200331
Filing Date	20200513
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	crmz-20200331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 24 Cash Flow Statement 38 Stockholders Equity 16

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.30M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.28M	USD	Point-in-time
Accounts receivable, net of allowance	`AccountsReceivableNetCurrent`	$2.29M	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Accounts receivable, net of allowance	`AccountsReceivableNetCurrent`	$2.20M	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$624.15K	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$549.82K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$11.11M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$11.12M	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`	$477.97K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$461.91K	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	10.72M	shares	Point-in-time
Operating lease right-to-use asset	`OperatingLeaseRightOfUseAsset`	$2.38M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	10.72M	shares	Point-in-time
Operating lease right-to-use asset	`OperatingLeaseRightOfUseAsset`	$2.34M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	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
Goodwill	`Goodwill`	$1.95M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$35.72K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$46.65K	USD	Point-in-time
Total assets	`Assets`	$15.92M	USD	Point-in-time
Total assets	`Assets`	$15.96M	USD	Point-in-time
Unexpired subscription revenue	`DeferredRevenueCurrent`	$8.65M	USD	Point-in-time
Unexpired subscription revenue	`DeferredRevenueCurrent`	$9.19M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$186.75K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$137.50K	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$147.23K	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$150.81K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$929.89K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.34M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.28M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.45M	USD	Point-in-time
Deferred taxes on income, net	`DeferredIncomeTaxLiabilitiesNet`	$521.76K	USD	Point-in-time
Deferred taxes on income, net	`DeferredIncomeTaxLiabilitiesNet`	$455.85K	USD	Point-in-time
Unexpired subscription revenue, less current portion	`DeferredRevenueNoncurrent`	$235.63K	USD	Point-in-time
Unexpired subscription revenue, less current portion	`DeferredRevenueNoncurrent`	$166.17K	USD	Point-in-time
Operating lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$2.26M	USD	Point-in-time
Operating lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$2.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$13.41M	USD	Point-in-time
Total liabilities	`Liabilities`	$13.27M	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`	$29.72M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$29.71M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-27.32M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-27.12M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.84M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.69M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.96M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.51M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$15.96M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$15.92M	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Operating revenues	`Revenues`	$3.71M	USD	1 Quarter
Operating revenues	`Revenues`	$3.50M	USD	1 Quarter
Data and product costs	`OperatingCostsAndExpenses`	$1.53M	USD	1 Quarter
Data and product costs	`OperatingCostsAndExpenses`	$1.47M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.17M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.42M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$54.11K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$50.99K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.69M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.00M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-191.58K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-286.95K	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$22.68K	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$40.89K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-150.69K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-264.26K	USD	1 Quarter
Benefit from income taxes	`IncomeTaxExpenseBenefit`	$-65.92K	USD	1 Quarter
Benefit from income taxes	`IncomeTaxExpenseBenefit`	$-14.23K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-198.35K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-136.47K	USD	1 Quarter
Net loss per share - Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Net loss per share - Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Weighted average number of common shares outstanding - Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.72M	shares	1 Quarter
Weighted average number of common shares outstanding - Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.72M	shares	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-198.35K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-136.47K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-14.23K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-65.92K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$54.11K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$50.99K	USD	1 Quarter
Operating lease right-to-use asset, net	`OperatingLeaseRightToUseAssetNetAdjustment`	$9.22K	USD	1 Quarter
Operating lease right-to-use asset, net	`OperatingLeaseRightToUseAssetNetAdjustment`	$11.05K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$15.23K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$14.26K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-500.48K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-92.84K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$93.45K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$74.33K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$8.90K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$10.93K	USD	1 Quarter
Unexpired subscription revenue	`IncreaseDecreaseInDeferredRevenue`	$381.60K	USD	1 Quarter
Unexpired subscription revenue	`IncreaseDecreaseInDeferredRevenue`	$604.05K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$49.25K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$131.67K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-474.10K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-414.66K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$362.90K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$60.51K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$38.05K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$39.85K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-39.85K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-38.05K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$22.46K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$323.05K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.07M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.30M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.28M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.39M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.07M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.30M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.28M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.39M	USD	Point-in-time

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$2.84M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.69M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.96M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.51M	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 loss	`NetIncomeLoss`	$-198.35K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-136.47K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$14.26K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$15.23K	USD	1 Quarter
Balance	`StockholdersEquity`	$2.84M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.69M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.96M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.51M	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.