10-Q Filing

CREDITRISKMONITOR COM INC CIK: 315958 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001140361-22-019019`
Period End Date	20220331
Filing Date	20220513
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	brhc10037197_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 28 Cash Flow Statement 40 Stockholders Equity 16

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.38M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.20M	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$30.00K	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$30.00K	USD	Point-in-time
Accounts receivable, net of allowance of $30,000	`AccountsReceivableNetCurrent`	$3.12M	USD	Point-in-time
Accounts receivable, net of allowance of $30,000	`AccountsReceivableNetCurrent`	$2.80M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$581.15K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$522.21K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$15.77M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$15.84M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$606.19K	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$582.35K	USD	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$1.96M	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
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$2.01M	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, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Goodwill	`Goodwill`	$1.95M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$77.38K	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
Other assets	`OtherAssetsNoncurrent`	$86.71K	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	10.72M	shares	Point-in-time
Total assets	`Assets`	$20.41M	USD	Point-in-time
Total assets	`Assets`	$20.43M	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
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	10.72M	shares	Point-in-time
Unexpired subscription revenue	`DeferredRevenueCurrent`	$10.05M	USD	Point-in-time
Unexpired subscription revenue	`DeferredRevenueCurrent`	$9.52M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$170.75K	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`	$181.52K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.20M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.75M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.80M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.61M	USD	Point-in-time
Deferred taxes on income, net	`DeferredIncomeTaxLiabilitiesNet`	$407.81K	USD	Point-in-time
Deferred taxes on income, net	`DeferredIncomeTaxLiabilitiesNet`	$401.13K	USD	Point-in-time
Unexpired subscription revenue, less current portion	`DeferredRevenueNoncurrent`	$127.12K	USD	Point-in-time
Unexpired subscription revenue, less current portion	`DeferredRevenueNoncurrent`	$192.27K	USD	Point-in-time
Operating lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$1.91M	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`	$14.11M	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`	$29.84M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-23.80M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-23.65M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.90M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$6.30M	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 liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$20.41M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$20.43M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Operating revenues	`Revenues`	$4.13M	USD	1 Quarter
Operating revenues	`Revenues`	$4.34M	USD	1 Quarter
Data and product costs	`OperatingCostsAndExpenses`	$1.63M	USD	1 Quarter
Data and product costs	`OperatingCostsAndExpenses`	$1.75M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.20M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.30M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$64.51K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$94.21K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.14M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.89M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$239.81K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$194.98K	USD	1 Quarter
Other income	`NonoperatingIncomeExpense`	$697.00	USD	1 Quarter
Other income	`NonoperatingIncomeExpense`	$3.25K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$243.06K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$195.68K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$44.56K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$55.34K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$151.12K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$187.71K	USD	1 Quarter
Net income per share - Basic (in dollars per share)	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Net income per share - Basic (in dollars per share)	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Net income per share - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Net income per share - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.02	USD	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	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`	10.76M	shares	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$151.12K	USD	1 Quarter
Net income	`NetIncomeLoss`	$187.71K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-56.26K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-6.67K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$64.51K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$94.21K	USD	1 Quarter
Operating lease right-to-use asset, net	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$7.33K	USD	1 Quarter
Operating lease right-to-use asset, net	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$5.38K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$9.42K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$19.33K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$151.92K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$315.04K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-10.62K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-58.94K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-9.33K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-52.02K	USD	1 Quarter
Unexpired subscription revenue	`IncreaseDecreaseInDeferredRevenue`	$598.91K	USD	1 Quarter
Unexpired subscription revenue	`IncreaseDecreaseInDeferredRevenue`	$227.56K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-187.56K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.85K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-541.11K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-543.71K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-115.77K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-192.97K	USD	1 Quarter
Sale of available-for-sale securities - municipal bonds	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$458.24K	USD	1 Quarter
Sale of available-for-sale securities - municipal bonds	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	-	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$103.58K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$70.36K	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-70.36K	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$354.65K	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$161.68K	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-186.13K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.46M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.30M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.20M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.38M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.46M	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`	$12.20M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.38M	USD	Point-in-time

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$2.90M	USD	Point-in-time
Balance	`StockholdersEquity`	$6.30M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.70M	USD	Point-in-time
Balance	`StockholdersEquity`	$6.13M	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`	$151.12K	USD	1 Quarter
Net income	`NetIncomeLoss`	$187.71K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$19.33K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$9.42K	USD	1 Quarter
Balance	`StockholdersEquity`	$2.90M	USD	Point-in-time
Balance	`StockholdersEquity`	$6.30M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.70M	USD	Point-in-time
Balance	`StockholdersEquity`	$6.13M	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.