10-Q Filing

CREDITRISKMONITOR COM INC CIK: 315958 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001140361-23-024303`
Period End Date	20230331
Filing Date	20230512
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	brhc20052520_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 28 Cash Flow Statement 44 Stockholders Equity 16

Balance Sheet 68 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`	$9.64M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.87M	USD	Point-in-time
Held-to-maturity securities - treasury bills	`HeldToMaturitySecuritiesCurrent`	$4.03M	USD	Point-in-time
Held-to-maturity securities - treasury bills	`HeldToMaturitySecuritiesCurrent`	$4.05M	USD	Point-in-time
Accounts receivable, net of allowance of $30,000	`AccountsReceivableNetCurrent`	$3.50M	USD	Point-in-time
Accounts receivable, net of allowance of $30,000	`AccountsReceivableNetCurrent`	$3.41M	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
Other current assets	`OtherAssetsCurrent`	$656.50K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$656.38K	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, authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$17.77M	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`	$481.80K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$593.64K	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-to-use asset	`OperatingLeaseRightOfUseAsset`	$1.77M	USD	Point-in-time
Operating lease right-to-use asset	`OperatingLeaseRightOfUseAsset`	$1.82M	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`	$163.47K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$18.11K	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`	$22.10M	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
Unexpired subscription revenue	`DeferredRevenueCurrent`	$9.98M	USD	Point-in-time
Unexpired subscription revenue	`DeferredRevenueCurrent`	$10.50M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$122.09K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$245.85K	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$193.95K	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$198.24K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.22M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.19M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.01M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.64M	USD	Point-in-time
Deferred taxes on income, net	`DeferredIncomeTaxLiabilitiesNet`	$332.57K	USD	Point-in-time
Deferred taxes on income, net	`DeferredIncomeTaxLiabilitiesNet`	$332.57K	USD	Point-in-time
Unexpired subscription revenue, less current portion	`DeferredRevenueNoncurrent`	$168.65K	USD	Point-in-time
Unexpired subscription revenue, less current portion	`DeferredRevenueNoncurrent`	$163.32K	USD	Point-in-time
Operating lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$1.72M	USD	Point-in-time
Operating lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$1.77M	USD	Point-in-time
Total liabilities	`Liabilities`	$14.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$14.23M	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`	$29.93M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-22.44M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-22.17M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$7.87M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$6.30M	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`	$22.10M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Operating revenues	`Revenues`	$4.34M	USD	1 Quarter
Operating revenues	`Revenues`	$4.59M	USD	1 Quarter
Data and product costs	`OperatingCostsAndExpenses`	$1.75M	USD	1 Quarter
Data and product costs	`OperatingCostsAndExpenses`	$1.92M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.36M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.30M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$97.52K	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`	$4.38M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$213.81K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$194.98K	USD	1 Quarter
Other income	`NonoperatingIncomeExpense`	$697.00	USD	1 Quarter
Other income	`NonoperatingIncomeExpense`	$140.98K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$195.68K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$354.79K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$79.51K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$44.56K	USD	1 Quarter
Net income	`NetIncomeLoss`	$151.12K	USD	1 Quarter
Net income	`NetIncomeLoss`	$275.28K	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`	$0.03	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`	$0.01	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`	10.80M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$151.12K	USD	1 Quarter
Net income	`NetIncomeLoss`	$275.28K	USD	1 Quarter
Amortization of bond discount	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Amortization of bond discount	`AmortizationOfDebtDiscountPremium`	$-36.93K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-6.67K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	-	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$97.52K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$94.21K	USD	1 Quarter
Operating lease right-to-use asset, net	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$5.38K	USD	1 Quarter
Operating lease right-to-use asset, net	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$3.37K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$27.90K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$19.33K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$315.04K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-93.36K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-58.94K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$10.46K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-9.33K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	-	USD	1 Quarter
Unexpired subscription revenue	`IncreaseDecreaseInDeferredRevenue`	$598.91K	USD	1 Quarter
Unexpired subscription revenue	`IncreaseDecreaseInDeferredRevenue`	$521.36K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-123.76K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-187.56K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-543.71K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-1.02M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-115.77K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-175.07K	USD	1 Quarter
Proceeds from held-to-maturity securities - treasury bills	`ProceedsFromSaleOfHeldToMaturitySecurities`	$1.45M	USD	1 Quarter
Proceeds from held-to-maturity securities - treasury bills	`ProceedsFromSaleOfHeldToMaturitySecurities`	-	USD	1 Quarter
Purchase of held-to-maturity securities - treasury bills	`PaymentsToAcquireHeldToMaturitySecurities`	$1.44M	USD	1 Quarter
Purchase of held-to-maturity securities - treasury bills	`PaymentsToAcquireHeldToMaturitySecurities`	-	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$70.36K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$53.66K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-70.36K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-47.66K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-222.73K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-186.13K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.38M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.64M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.87M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.20M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.38M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.64M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.87M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.20M	USD	Point-in-time

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$7.87M	USD	Point-in-time
Balance	`StockholdersEquity`	$6.30M	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`	$151.12K	USD	1 Quarter
Net income	`NetIncomeLoss`	$275.28K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$19.33K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$27.90K	USD	1 Quarter
Balance	`StockholdersEquity`	$7.87M	USD	Point-in-time
Balance	`StockholdersEquity`	$6.30M	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.