10-Q Filing

CREDITRISKMONITOR COM INC CIK: 315958 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001140361-21-037619`
Period End Date	20210930
Filing Date	20211112
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	brhc10030626_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 56 Cash Flow Statement 48 Stockholders Equity 24

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$30.00K	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$30.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.69M	USD	Point-in-time
Available-for-sale securities - municipal bonds	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$458.24K	USD	Point-in-time
Available-for-sale securities - municipal bonds	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	-	USD	Point-in-time
Accounts receivable, net of allowance of $30,000	`AccountsReceivableNetCurrent`	$2.27M	USD	Point-in-time
Accounts receivable, net of allowance of $30,000	`AccountsReceivableNetCurrent`	$2.56M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$589.07K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$494.47K	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$13.91M	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
Total current assets	`AssetsCurrent`	$14.46M	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$545.67K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$611.30K	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Operating lease right-to-use asset	`OperatingLeaseRightOfUseAsset`	$2.20M	USD	Point-in-time
Operating lease right-to-use asset	`OperatingLeaseRightOfUseAsset`	$2.06M	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
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	32.50M	shares	Point-in-time
Goodwill	`Goodwill`	$1.95M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	32.50M	shares	Point-in-time
Goodwill	`Goodwill`	$1.95M	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
Other assets	`OtherAssetsNoncurrent`	$84.89K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$83.30K	USD	Point-in-time
Total assets	`Assets`	$19.17M	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
Total assets	`Assets`	$18.69M	USD	Point-in-time
Unexpired subscription revenue	`DeferredRevenueCurrent`	$9.30M	USD	Point-in-time
Unexpired subscription revenue	`DeferredRevenueCurrent`	$9.65M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$73.47K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$130.09K	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$161.87K	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$173.44K	USD	Point-in-time
Current portion of bank loan	`LoansPayableToBankCurrent`	$1.30M	USD	Point-in-time
Current portion of bank loan	`LoansPayableToBankCurrent`	$1.56M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.82M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.76M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.87M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.06M	USD	Point-in-time
Deferred taxes on income, net	`DeferredIncomeTaxLiabilitiesNet`	$433.99K	USD	Point-in-time
Deferred taxes on income, net	`DeferredIncomeTaxLiabilitiesNet`	$333.43K	USD	Point-in-time
Unexpired subscription revenue, less current portion	`DeferredRevenueNoncurrent`	$197.54K	USD	Point-in-time
Unexpired subscription revenue, less current portion	`DeferredRevenueNoncurrent`	$108.61K	USD	Point-in-time
Bank loan, less current portion	`LongTermLoansFromBank`	$262.49K	USD	Point-in-time
Bank loan, less current portion	`LongTermLoansFromBank`	-	USD	Point-in-time
Operating lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$2.14M	USD	Point-in-time
Operating lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$2.01M	USD	Point-in-time
Total liabilities	`Liabilities`	$15.99M	USD	Point-in-time
Total liabilities	`Liabilities`	$15.42M	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`	$29.81M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$29.76M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-27.17M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-26.16M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.24M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.75M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.69M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.85M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.70M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.56M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$19.17M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$18.69M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Operating revenues	`Revenues`	$11.60M	USD	3 Qtrs
Operating revenues	`Revenues`	$4.32M	USD	1 Quarter
Operating revenues	`Revenues`	$12.70M	USD	3 Qtrs
Operating revenues	`Revenues`	$4.04M	USD	1 Quarter
Data and product costs	`OperatingCostsAndExpenses`	$1.52M	USD	1 Quarter
Data and product costs	`OperatingCostsAndExpenses`	$4.72M	USD	3 Qtrs
Data and product costs	`OperatingCostsAndExpenses`	$1.51M	USD	1 Quarter
Data and product costs	`OperatingCostsAndExpenses`	$4.56M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.11M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$6.92M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$6.42M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.02M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$206.08K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$52.93K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$75.07K	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`	$11.34M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$3.62M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.68M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$704.19K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$359.59K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$1.36M	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-38.79K	USD	3 Qtrs
Other income	`NonoperatingIncomeExpense`	$3.76K	USD	3 Qtrs
Other income	`NonoperatingIncomeExpense`	$916.00	USD	1 Quarter
Other income	`NonoperatingIncomeExpense`	$27.02K	USD	3 Qtrs
Other income	`NonoperatingIncomeExpense`	$263.00	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-11.77K	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$704.45K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$360.50K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.37M	USD	3 Qtrs
(Provision for) benefit from income taxes	`IncomeTaxExpenseBenefit`	$359.59K	USD	3 Qtrs
(Provision for) benefit from income taxes	`IncomeTaxExpenseBenefit`	$209.10K	USD	1 Quarter
(Provision for) benefit from income taxes	`IncomeTaxExpenseBenefit`	$79.42K	USD	1 Quarter
(Provision for) benefit from income taxes	`IncomeTaxExpenseBenefit`	$-123.42K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$495.35K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.01M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$281.08K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$111.66K	USD	3 Qtrs
Net income per share - Basic (in dollars per share)	`EarningsPerShareBasic`	$0.01	USD	3 Qtrs
Net income per share - Basic (in dollars per share)	`EarningsPerShareBasic`	$0.09	USD	3 Qtrs
Net income per share - Basic (in dollars per share)	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Net income per share - Basic (in dollars per share)	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
Net income per share - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Net income per share - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.05	USD	1 Quarter
Net income per share - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.01	USD	3 Qtrs
Net income per share - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.09	USD	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	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`	10.75M	shares	1 Quarter
Weighted average number of common shares outstanding - Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.77M	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`	10.76M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$495.35K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.01M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$281.08K	USD	1 Quarter
Net income	`NetIncomeLoss`	$111.66K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-124.24K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$100.56K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$206.08K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$52.93K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$75.07K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$160.74K	USD	3 Qtrs
Operating lease right-to-use asset, net	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$20.68K	USD	3 Qtrs
Operating lease right-to-use asset, net	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$26.39K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$42.27K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$45.04K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-342.64K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-284.59K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-94.61K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$46.74K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$72.71K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-1.59K	USD	3 Qtrs
Unexpired subscription revenue	`IncreaseDecreaseInDeferredRevenue`	$-432.41K	USD	3 Qtrs
Unexpired subscription revenue	`IncreaseDecreaseInDeferredRevenue`	$560.72K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-89.96K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-56.62K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-65.09K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-209.04K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$701.71K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.20M	USD	3 Qtrs
Sale of available-for-sale securities - municipal bonds	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	-	USD	3 Qtrs
Sale of available-for-sale securities - municipal bonds	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$458.24K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$271.71K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$87.89K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-87.89K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$186.53K	USD	3 Qtrs
Proceeds from bank loan	`ProceedsFromBankDebt`	$1.56M	USD	3 Qtrs
Proceeds from bank loan	`ProceedsFromBankDebt`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.56M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.39M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.18M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.30M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.69M	USD	Point-in-time
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 end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.30M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.69M	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

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$3.24M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.75M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.69M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.85M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.70M	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	`NetIncomeLoss`	$495.35K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.01M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$281.08K	USD	1 Quarter
Net income	`NetIncomeLoss`	$111.66K	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$45.04K	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$11.81K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$42.27K	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$18.65K	USD	1 Quarter
Balance	`StockholdersEquity`	$3.24M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.75M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.69M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.85M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.70M	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.