10-Q Filing

CREDITRISKMONITOR COM INC CIK: 315958 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001140361-20-018321`
Period End Date	20200630
Filing Date	20200813
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	crmz-20200630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 48 Cash Flow Statement 46 Stockholders Equity 24

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.96M	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
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Accounts receivable, net of allowance	`AccountsReceivableNetCurrent`	$2.29M	USD	Point-in-time
Accounts receivable, net of allowance	`AccountsReceivableNetCurrent`	$2.27M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$549.82K	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$798.63K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$13.02M	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
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$439.30K	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
Common stock, issued (in shares)	`CommonStockSharesIssued`	10.72M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	10.72M	shares	Point-in-time
Operating lease right-to-use asset	`OperatingLeaseRightOfUseAsset`	$2.29M	USD	Point-in-time
Operating lease right-to-use asset	`OperatingLeaseRightOfUseAsset`	$2.38M	USD	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
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	10.72M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$33.45K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$35.72K	USD	Point-in-time
Total assets	`Assets`	$17.74M	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`	$9.38M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$137.50K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$87.37K	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$147.23K	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$154.42K	USD	Point-in-time
Current portion of bank loan	`LoansPayableToBankCurrent`	-	USD	Point-in-time
Current portion of bank loan	`LoansPayableToBankCurrent`	$907.08K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.34M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.28M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.81M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.28M	USD	Point-in-time
Deferred taxes on income, net	`DeferredIncomeTaxLiabilitiesNet`	$318.11K	USD	Point-in-time
Deferred taxes on income, net	`DeferredIncomeTaxLiabilitiesNet`	$521.76K	USD	Point-in-time
Unexpired subscription revenue, less current portion	`DeferredRevenueNoncurrent`	$166.17K	USD	Point-in-time
Unexpired subscription revenue, less current portion	`DeferredRevenueNoncurrent`	$185.64K	USD	Point-in-time
Bank loan, less current portion	`LongTermLoansFromBank`	-	USD	Point-in-time
Bank loan, less current portion	`LongTermLoansFromBank`	$654.42K	USD	Point-in-time
Operating lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$2.22M	USD	Point-in-time
Operating lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$2.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$13.27M	USD	Point-in-time
Total liabilities	`Liabilities`	$15.19M	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`	$29.71M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$29.74M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-27.29M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-27.12M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.96M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.84M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.84M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.51M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.69M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.56M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$17.74M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$15.96M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Operating revenues	`Revenues`	$7.56M	USD	2 Qtrs
Operating revenues	`Revenues`	$3.57M	USD	1 Quarter
Operating revenues	`Revenues`	$3.85M	USD	1 Quarter
Operating revenues	`Revenues`	$7.06M	USD	2 Qtrs
Data and product costs	`OperatingCostsAndExpenses`	$1.52M	USD	1 Quarter
Data and product costs	`OperatingCostsAndExpenses`	$1.43M	USD	1 Quarter
Data and product costs	`OperatingCostsAndExpenses`	$3.04M	USD	2 Qtrs
Data and product costs	`OperatingCostsAndExpenses`	$2.90M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$4.32M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.15M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.39M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$4.81M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$50.05K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$107.81K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$101.03K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$53.69K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.96M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$7.96M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$3.62M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$7.31M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-56.74K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-111.42K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-248.33K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-398.37K	USD	2 Qtrs
Other income, net	`NonoperatingIncomeExpense`	$26.10K	USD	2 Qtrs
Other income, net	`NonoperatingIncomeExpense`	$43.21K	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$3.42K	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$84.10K	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-108.01K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-372.27K	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-13.54K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-164.23K	USD	2 Qtrs
Benefit from income taxes	`IncomeTaxExpenseBenefit`	$-16.23K	USD	2 Qtrs
Benefit from income taxes	`IncomeTaxExpenseBenefit`	$-2.00K	USD	1 Quarter
Benefit from income taxes	`IncomeTaxExpenseBenefit`	$-136.93K	USD	1 Quarter
Benefit from income taxes	`IncomeTaxExpenseBenefit`	$-202.84K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-169.43K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-11.53K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$28.92K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-148.00K	USD	2 Qtrs
Net income (loss) per share - Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 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	2 Qtrs
Net income (loss) per share - Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average number of common shares outstanding - Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.72M	shares	2 Qtrs
Weighted average number of common shares outstanding - Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.72M	shares	2 Qtrs
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 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-169.43K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-11.53K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$28.92K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-148.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-203.66K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-17.19K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$50.05K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$107.81K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$101.03K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$53.69K	USD	1 Quarter
Operating lease right-to-use asset, net	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$22.11K	USD	2 Qtrs
Operating lease right-to-use asset, net	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$18.43K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$30.46K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$28.06K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-525.62K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-17.89K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$248.81K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$271.10K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-4.01K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-2.27K	USD	2 Qtrs
Unexpired subscription revenue	`IncreaseDecreaseInDeferredRevenue`	$351.92K	USD	2 Qtrs
Unexpired subscription revenue	`IncreaseDecreaseInDeferredRevenue`	$748.94K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$31.79K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-50.13K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-66.33K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-179.87K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$448.37K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$187.44K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$112.09K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$69.13K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-112.09K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-69.13K	USD	2 Qtrs
Proceeds from bank loan	`ProceedsFromBankDebt`	$1.56M	USD	2 Qtrs
Proceeds from bank loan	`ProceedsFromBankDebt`	-	USD	2 Qtrs
Net cash provided from financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Net cash provided from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.56M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.68M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$336.28K	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.28M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.40M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.96M	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`	$8.28M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.40M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.96M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.07M	USD	Point-in-time

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$2.96M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.84M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.84M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.51M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.69M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.56M	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`	$-169.43K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-11.53K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$28.92K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-148.00K	USD	2 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$15.23K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$28.06K	USD	2 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$13.79K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$30.46K	USD	2 Qtrs
Balance	`StockholdersEquity`	$2.96M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.84M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.84M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.51M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.69M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.56M	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.