10-Q Filing

CREDITRISKMONITOR COM INC CIK: 315958 Q3 2020

Filing Information

Form Type	10-Q
Accession Number	`0001140361-20-025168`
Period End Date	20200930
Filing Date	20201110
Fiscal Year	2020
Fiscal Period	Q3
XBRL Instance	crmz-20200930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 52 Cash Flow Statement 46 Stockholders Equity 24

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.45M	USD	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`	$1.95M	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$596.56K	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`	$549.82K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$11.11M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$12.99M	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$477.97K	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	32.50M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$405.13K	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	32.50M	shares	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`	$2.25M	USD	Point-in-time
Operating lease right-to-use asset	`OperatingLeaseRightOfUseAsset`	$2.38M	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
Goodwill	`Goodwill`	$1.95M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$35.72K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$108.44K	USD	Point-in-time
Total assets	`Assets`	$17.71M	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`	$137.50K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$47.54K	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$158.12K	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$147.23K	USD	Point-in-time
Current portion of bank loan	`LoansPayableToBankCurrent`	$1.10M	USD	Point-in-time
Current portion of bank loan	`LoansPayableToBankCurrent`	-	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.34M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.28M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.63M	USD	Point-in-time
Deferred taxes on income, net	`DeferredIncomeTaxLiabilitiesNet`	$397.53K	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`	$188.91K	USD	Point-in-time
Bank loan, less current portion	`LongTermLoansFromBank`	$458.67K	USD	Point-in-time
Bank loan, less current portion	`LongTermLoansFromBank`	-	USD	Point-in-time
Operating lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$2.18M	USD	Point-in-time
Operating lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$2.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$14.86M	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`	$29.75M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$29.71M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-27.01M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-27.12M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.69M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.05M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.85M	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`	$2.56M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$15.96M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$17.71M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Operating revenues	`Revenues`	$11.60M	USD	3 Qtrs
Operating revenues	`Revenues`	$10.74M	USD	3 Qtrs
Operating revenues	`Revenues`	$3.67M	USD	1 Quarter
Operating revenues	`Revenues`	$4.04M	USD	1 Quarter
Data and product costs	`OperatingCostsAndExpenses`	$4.56M	USD	3 Qtrs
Data and product costs	`OperatingCostsAndExpenses`	$1.51M	USD	1 Quarter
Data and product costs	`OperatingCostsAndExpenses`	$4.32M	USD	3 Qtrs
Data and product costs	`OperatingCostsAndExpenses`	$1.42M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.96M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$6.92M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.11M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$6.28M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$153.70K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$52.67K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$52.93K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$160.74K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$11.64M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$3.68M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$10.75M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$3.44M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-38.79K	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-11.19K	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$359.59K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$237.13K	USD	1 Quarter
Other income	`NonoperatingIncomeExpense`	$27.02K	USD	3 Qtrs
Other income	`NonoperatingIncomeExpense`	$916.00	USD	1 Quarter
Other income	`NonoperatingIncomeExpense`	$40.22K	USD	1 Quarter
Other income	`NonoperatingIncomeExpense`	$124.32K	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-11.77K	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$360.50K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$113.13K	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$277.36K	USD	1 Quarter
Benefit from (provision for) income taxes	`IncomeTaxExpenseBenefit`	$73.77K	USD	1 Quarter
Benefit from (provision for) income taxes	`IncomeTaxExpenseBenefit`	$-123.42K	USD	3 Qtrs
Benefit from (provision for) income taxes	`IncomeTaxExpenseBenefit`	$79.42K	USD	1 Quarter
Benefit from (provision for) income taxes	`IncomeTaxExpenseBenefit`	$57.54K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$55.59K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$281.08K	USD	1 Quarter
Net income	`NetIncomeLoss`	$203.59K	USD	1 Quarter
Net income	`NetIncomeLoss`	$111.66K	USD	3 Qtrs
Net income per share - Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.01	USD	3 Qtrs
Net income per share - Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.02	USD	1 Quarter
Net income per share - Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.03	USD	1 Quarter
Net income 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	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 - Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.75M	shares	1 Quarter
Weighted average number of common shares outstanding - Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.73M	shares	3 Qtrs
Weighted average number of common shares outstanding - Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.73M	shares	3 Qtrs
Weighted average number of common shares outstanding - Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.72M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$55.59K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$281.08K	USD	1 Quarter
Net income	`NetIncomeLoss`	$203.59K	USD	1 Quarter
Net income	`NetIncomeLoss`	$111.66K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-124.24K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$74.10K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$153.70K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$52.67K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$52.93K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$160.74K	USD	3 Qtrs
Operating lease right-to-use asset, net	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$31.93K	USD	3 Qtrs
Operating lease right-to-use asset, net	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$26.39K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$40.52K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$42.27K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-609.26K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-342.64K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-39.22K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$46.74K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$13.04K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$72.71K	USD	3 Qtrs
Unexpired subscription revenue	`IncreaseDecreaseInDeferredRevenue`	$-166.41K	USD	3 Qtrs
Unexpired subscription revenue	`IncreaseDecreaseInDeferredRevenue`	$560.72K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-89.96K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-68.80K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-209.04K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-129.77K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$701.71K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$626.31K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$124.86K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$87.89K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-87.89K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-124.86K	USD	3 Qtrs
Proceeds from bank loan	`ProceedsFromBankDebt`	-	USD	3 Qtrs
Proceeds from bank loan	`ProceedsFromBankDebt`	$1.56M	USD	3 Qtrs
Net cash provided from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.56M	USD	3 Qtrs
Net cash provided from financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.18M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$501.45K	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.45M	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`	$8.07M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.57M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.45M	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`	$8.07M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.57M	USD	Point-in-time

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$2.69M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.05M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.85M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.96M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.84M	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`	$55.59K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$281.08K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$203.59K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$111.66K	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$42.27K	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$11.81K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$40.52K	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$12.46K	USD	1 Quarter
Balance	`StockholdersEquity`	$2.69M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.05M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.85M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.96M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.84M	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.