10-K Filing

CREDITRISKMONITOR COM INC CIK: 315958 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001140361-23-013676`
Period End Date	20221231
Filing Date	20230324
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	brhc10049637_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 26 Cash Flow Statement 46 Stockholders Equity 14

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.87M	USD	Point-in-time
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`	$12.38M	USD	Point-in-time
Held-to-maturity securities - treasury bills	`HeldToMaturitySecuritiesCurrent`	$4.03M	USD	Point-in-time
Held-to-maturity securities - treasury bills	`HeldToMaturitySecuritiesCurrent`	-	USD	Point-in-time
Accounts receivable, net of allowance of $30,000	`AccountsReceivableNetCurrent`	$2.80M	USD	Point-in-time
Accounts receivable, net of allowance of $30,000	`AccountsReceivableNetCurrent`	$3.50M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$656.38K	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, 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
Total current assets	`AssetsCurrent`	$18.05M	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$606.19K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$481.80K	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
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$2.01M	USD	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$1.82M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	32.50M	shares	Point-in-time
Goodwill	`Goodwill`	$1.95M	USD	Point-in-time
Goodwill	`Goodwill`	$1.95M	USD	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
Common stock, issued (in shares)	`CommonStockSharesIssued`	10.72M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$163.47K	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	10.72M	shares	Point-in-time
Total assets	`Assets`	$22.47M	USD	Point-in-time
Total assets	`Assets`	$20.43M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	10.72M	shares	Point-in-time
Unexpired subscription revenue	`DeferredRevenueCurrent`	$9.98M	USD	Point-in-time
Unexpired subscription revenue	`DeferredRevenueCurrent`	$9.52M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$245.85K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$358.31K	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$193.95K	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$177.49K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.75M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.22M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.80M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.64M	USD	Point-in-time
Deferred taxes on income, net	`DeferredIncomeTaxLiabilitiesNet`	$407.81K	USD	Point-in-time
Deferred taxes on income, net	`DeferredIncomeTaxLiabilitiesNet`	$332.57K	USD	Point-in-time
Unexpired subscription revenue, less current portion	`DeferredRevenueNoncurrent`	$163.32K	USD	Point-in-time
Unexpired subscription revenue, less current portion	`DeferredRevenueNoncurrent`	$127.12K	USD	Point-in-time
Operating lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$1.77M	USD	Point-in-time
Operating lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$1.96M	USD	Point-in-time
Total liabilities	`Liabilities`	$14.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$14.30M	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`	$29.90M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$29.82M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-23.80M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-22.44M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.70M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$7.57M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$6.13M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$22.47M	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`	$17.98M	USD	Annual
Operating revenues	`Revenues`	$17.07M	USD	Annual
Data and product costs	`OperatingCostsAndExpenses`	$6.33M	USD	Annual
Data and product costs	`OperatingCostsAndExpenses`	$6.98M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$9.04M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$8.13M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$296.30K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$382.34K	USD	Annual
Total operating expenses	`OperatingExpenses`	$14.76M	USD	Annual
Total operating expenses	`OperatingExpenses`	$16.41M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$1.57M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$2.30M	USD	Annual
Gain on forgiveness of bank loan	`GainsLossesOnExtinguishmentOfDebt`	$1.56M	USD	Annual
Gain on forgiveness of bank loan	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Other income, net	`NonoperatingIncomeExpense`	$9.96K	USD	Annual
Other income, net	`NonoperatingIncomeExpense`	$180.76K	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.87M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.75M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$392.00K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$509.81K	USD	Annual
Net income	`NetIncomeLoss`	$1.36M	USD	Annual
Net income	`NetIncomeLoss`	$3.36M	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.13	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.31	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.31	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.13	USD	Annual

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.36M	USD	Annual
Net income	`NetIncomeLoss`	$3.36M	USD	Annual
Gain on forgiveness of bank loan	`GainsLossesOnExtinguishmentOfDebt`	$1.56M	USD	Annual
Gain on forgiveness of bank loan	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Amortization of bond discount	`AmortizationOfDebtDiscountPremium`	-	USD	Annual
Amortization of bond discount	`AmortizationOfDebtDiscountPremium`	$-27.13K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-75.24K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$74.37K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$296.30K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$382.34K	USD	Annual
Operating lease	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$26.05K	USD	Annual
Operating lease	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$18.17K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$63.71K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$80.43K	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$245.79K	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$697.02K	USD	Annual
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$75.23K	USD	Annual
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-7.92K	USD	Annual
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$76.76K	USD	Annual
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$1.82K	USD	Annual
Unexpired subscription revenue	`IncreaseDecreaseInDeferredRevenue`	$-196.60K	USD	Annual
Unexpired subscription revenue	`IncreaseDecreaseInDeferredRevenue`	$496.06K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$228.22K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-112.45K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$471.09K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-77.20K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.98M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.74M	USD	Annual
Sale of available-for-sale securities - municipal bonds	`ProceedsFromPaymentsForDebtSecuritiesAvailableForSale`	-	USD	Annual
Sale of available-for-sale securities - municipal bonds	`ProceedsFromPaymentsForDebtSecuritiesAvailableForSale`	$458.24K	USD	Annual
Purchase of held-to-maturity securities - treasury bills	`PaymentsToAcquireHeldToMaturitySecurities`	-	USD	Annual
Purchase of held-to-maturity securities - treasury bills	`PaymentsToAcquireHeldToMaturitySecurities`	$4.00M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$257.95K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$356.82K	USD	Annual
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.26M	USD	Annual
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$101.42K	USD	Annual
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.08M	USD	Annual
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.51M	USD	Annual
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.30M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.87M	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`	$10.30M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.87M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.38M	USD	Point-in-time
Income taxes	`IncomeTaxesPaid`	$395.00K	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`	$7.57M	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`	$1.36M	USD	Annual
Net income	`NetIncomeLoss`	$3.36M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$63.71K	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$80.43K	USD	Annual
Balance	`StockholdersEquity`	$2.70M	USD	Point-in-time
Balance	`StockholdersEquity`	$7.57M	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.