10-K Filing

CREDITRISKMONITOR COM INC CIK: 315958 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001140361-22-011141`
Period End Date	20211231
Filing Date	20220325
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	brhc10035318_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 26 Cash Flow Statement 46 Stockholders Equity 14

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.30M	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$30.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.38M	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$30.00K	USD	Point-in-time
Available-for-sale securities - municipal bonds	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	-	USD	Point-in-time
Available-for-sale securities - municipal bonds	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$458.24K	USD	Point-in-time
Accounts receivable, net of allowance of $30,000	`AccountsReceivableNetCurrent`	$2.56M	USD	Point-in-time
Accounts receivable, net of allowance of $30,000	`AccountsReceivableNetCurrent`	$2.80M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$589.07K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$581.15K	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
Total current assets	`AssetsCurrent`	$13.91M	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$15.77M	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$606.19K	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
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$2.01M	USD	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$2.20M	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
Goodwill	`Goodwill`	$1.95M	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
Goodwill	`Goodwill`	$1.95M	USD	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`	$86.71K	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	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
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	10.72M	shares	Point-in-time
Total assets	`Assets`	$20.43M	USD	Point-in-time
Unexpired subscription revenue	`DeferredRevenueCurrent`	$9.52M	USD	Point-in-time
Unexpired subscription revenue	`DeferredRevenueCurrent`	$9.65M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$130.09K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$358.31K	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$177.49K	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$161.87K	USD	Point-in-time
Current portion of bank loan	`LoansPayableToBankCurrent`	$1.30M	USD	Point-in-time
Current portion of bank loan	`LoansPayableToBankCurrent`	-	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.82M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.75M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.06M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.80M	USD	Point-in-time
Deferred taxes on income, net	`DeferredIncomeTaxLiabilitiesNet`	$333.43K	USD	Point-in-time
Deferred taxes on income, net	`DeferredIncomeTaxLiabilitiesNet`	$407.81K	USD	Point-in-time
Unexpired subscription revenue, less current portion	`DeferredRevenueNoncurrent`	$127.12K	USD	Point-in-time
Unexpired subscription revenue, less current portion	`DeferredRevenueNoncurrent`	$197.54K	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`	$1.96M	USD	Point-in-time
Total liabilities	`Liabilities`	$14.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$15.99M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	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`	$29.82M	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`	$-23.80M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.70M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$6.13M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.69M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$18.69M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$20.43M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Operating revenues	`Revenues`	$17.07M	USD	Annual
Operating revenues	`Revenues`	$15.73M	USD	Annual
Data and product costs	`OperatingCostsAndExpenses`	$6.33M	USD	Annual
Data and product costs	`OperatingCostsAndExpenses`	$6.03M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$9.72M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$8.13M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$296.30K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$219.85K	USD	Annual
Total operating expenses	`OperatingExpenses`	$14.76M	USD	Annual
Total operating expenses	`OperatingExpenses`	$15.97M	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$-238.13K	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$2.30M	USD	Annual
Gain on forgiveness of bank loan	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gain on forgiveness of bank loan	`GainsLossesOnExtinguishmentOfDebt`	$1.56M	USD	Annual
Other income, net	`NonoperatingIncomeExpense`	$9.96K	USD	Annual
Other income, net	`NonoperatingIncomeExpense`	$26.77K	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-211.35K	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.87M	USD	Annual
(Provision for) Benefit from income taxes	`IncomeTaxExpenseBenefit`	$509.81K	USD	Annual
(Provision for) Benefit from income taxes	`IncomeTaxExpenseBenefit`	$-163.93K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$3.36M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-47.43K	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.31	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	-	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.31	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	-	USD	Annual

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$3.36M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-47.43K	USD	Annual
Gain on forgiveness of bank loan	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gain on forgiveness of bank loan	`GainsLossesOnExtinguishmentOfDebt`	$1.56M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-188.33K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$74.37K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$296.30K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$219.85K	USD	Annual
Operating lease	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$26.05K	USD	Annual
Operating lease	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$33.72K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$54.86K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$63.71K	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$245.79K	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$269.52K	USD	Annual
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-7.92K	USD	Annual
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-3.15K	USD	Annual
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$1.82K	USD	Annual
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$91.07K	USD	Annual
Unexpired subscription revenue	`IncreaseDecreaseInDeferredRevenue`	$1.03M	USD	Annual
Unexpired subscription revenue	`IncreaseDecreaseInDeferredRevenue`	$-196.60K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-7.41K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$228.22K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-77.20K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$477.94K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.21M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.98M	USD	Annual
Sale (purchase) of available for available-for-sale securities - municipal bonds	`ProceedsFromPaymentsForDebtSecuritiesAvailableForSale`	$-458.74K	USD	Annual
Sale (purchase) of available for available-for-sale securities - municipal bonds	`ProceedsFromPaymentsForDebtSecuritiesAvailableForSale`	$458.24K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$287.55K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$356.82K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-746.29K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$101.42K	USD	Annual
Proceeds from bank loan	`ProceedsFromBankDebt`	-	USD	Annual
Proceeds from bank loan	`ProceedsFromBankDebt`	$1.56M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.56M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Annual
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.03M	USD	Annual
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.08M	USD	Annual
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.28M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.30M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.38M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.28M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.30M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.38M	USD	Point-in-time
Income taxes	`IncomeTaxesPaid`	$66.00K	USD	Annual
Income taxes	`IncomeTaxesPaid`	$356.00K	USD	Annual

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$2.70M	USD	Point-in-time
Balance	`StockholdersEquity`	$6.13M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.69M	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`	$3.36M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-47.43K	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$63.71K	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$54.86K	USD	Annual
Balance	`StockholdersEquity`	$2.70M	USD	Point-in-time
Balance	`StockholdersEquity`	$6.13M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.69M	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.