10-K Filing

CREDITRISKMONITOR COM INC CIK: 315958 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001140361-24-014541`
Period End Date	20231231
Filing Date	20240321
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	ef20015334_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 24 Cash Flow Statement 44 Stockholders Equity 14

Balance Sheet 71 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`	$9.87M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.00M	USD	Point-in-time
Held-to-maturity securities - treasury bills	`HeldToMaturitySecuritiesCurrent`	$4.03M	USD	Point-in-time
Held-to-maturity securities - treasury bills	`HeldToMaturitySecuritiesCurrent`	$3.49M	USD	Point-in-time
Accounts receivable, net of allowance of $30,000	`AccountsReceivableNetCurrent`	$3.94M	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`	$788.72K	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$19.23M	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`	$18.05M	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Held-to-maturity securities - treasury bills	`HeldToMaturitySecuritiesNoncurrent`	-	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Held-to-maturity securities - treasury bills	`HeldToMaturitySecuritiesNoncurrent`	$700.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$557.63K	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
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	32.50M	shares	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	32.50M	shares	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$1.82M	USD	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$1.61M	USD	Point-in-time
Goodwill	`Goodwill`	$1.95M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	10.72M	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`	$18.11K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$163.47K	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`	$22.47M	USD	Point-in-time
Total assets	`Assets`	$24.07M	USD	Point-in-time
Unexpired subscription revenue	`DeferredRevenueCurrent`	$10.27M	USD	Point-in-time
Unexpired subscription revenue	`DeferredRevenueCurrent`	$9.98M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$245.85K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$141.96K	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$211.49K	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$193.95K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.22M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.11M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.73M	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`	$350.61K	USD	Point-in-time
Unexpired subscription revenue, less current portion	`DeferredRevenueNoncurrent`	$68.52K	USD	Point-in-time
Unexpired subscription revenue, less current portion	`DeferredRevenueNoncurrent`	$163.32K	USD	Point-in-time
Operating lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$1.77M	USD	Point-in-time
Operating lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$1.55M	USD	Point-in-time
Total liabilities	`Liabilities`	$14.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$14.90M	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`	$30.01M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$29.90M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.75M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-22.44M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$6.13M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$9.37M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$7.57M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$24.07M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$22.47M	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Operating revenues	`Revenues`	$18.93M	USD	Annual
Operating revenues	`Revenues`	$17.98M	USD	Annual
Data and product costs	`OperatingCostsAndExpenses`	$7.83M	USD	Annual
Data and product costs	`OperatingCostsAndExpenses`	$6.98M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$9.22M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$9.04M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$383.77K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$382.34K	USD	Annual
Total operating expenses	`OperatingExpenses`	$16.41M	USD	Annual
Total operating expenses	`OperatingExpenses`	$17.44M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$1.49M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$1.57M	USD	Annual
Other income	`NonoperatingIncomeExpense`	$715.33K	USD	Annual
Other income	`NonoperatingIncomeExpense`	$180.76K	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.21M	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`	$512.37K	USD	Annual
Net income	`NetIncomeLoss`	$1.70M	USD	Annual
Net income	`NetIncomeLoss`	$1.36M	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.16	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.13	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.13	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.16	USD	Annual

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.70M	USD	Annual
Net income	`NetIncomeLoss`	$1.36M	USD	Annual
Amortization of bond discount	`AmortizationOfDebtDiscountPremium`	$-27.13K	USD	Annual
Amortization of bond discount	`AmortizationOfDebtDiscountPremium`	$-164.53K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-75.24K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$18.04K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$383.77K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$382.34K	USD	Annual
Operating lease	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$10.04K	USD	Annual
Operating lease	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$18.17K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$80.43K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$103.10K	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$440.92K	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$697.02K	USD	Annual
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$137.44K	USD	Annual
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$75.23K	USD	Annual
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	-	USD	Annual
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$76.76K	USD	Annual
Unexpired subscription revenue	`IncreaseDecreaseInDeferredRevenue`	$197.46K	USD	Annual
Unexpired subscription revenue	`IncreaseDecreaseInDeferredRevenue`	$496.06K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-112.45K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-103.90K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-111.36K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$471.09K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.45M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.74M	USD	Annual
Proceeds from sale of held-to-maturity securities - treasury bills	`ProceedsFromSaleOfHeldToMaturitySecurities`	-	USD	Annual
Proceeds from sale of held-to-maturity securities - treasury bills	`ProceedsFromSaleOfHeldToMaturitySecurities`	$5.01M	USD	Annual
Purchase of held-to-maturity securities - treasury bills	`PaymentsToAcquireHeldToMaturitySecurities`	$4.00M	USD	Annual
Purchase of held-to-maturity securities - treasury bills	`PaymentsToAcquireHeldToMaturitySecurities`	$5.02M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$257.95K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$303.89K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.26M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-311.00K	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.51M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.14M	USD	Annual
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.38M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.00M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.87M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.38M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.00M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.87M	USD	Point-in-time
Income taxes	`IncomeTaxesPaid`	$395.00K	USD	Annual
Income taxes	`IncomeTaxesPaid`	$468.00K	USD	Annual

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$6.13M	USD	Point-in-time
Balance	`StockholdersEquity`	$9.37M	USD	Point-in-time
Balance	`StockholdersEquity`	$7.57M	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`	$1.70M	USD	Annual
Net income	`NetIncomeLoss`	$1.36M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$103.10K	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$80.43K	USD	Annual
Balance	`StockholdersEquity`	$6.13M	USD	Point-in-time
Balance	`StockholdersEquity`	$9.37M	USD	Point-in-time
Balance	`StockholdersEquity`	$7.57M	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.