10-Q Filing

MANHATTAN BRIDGE CAPITAL, INC CIK: 1080340 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001144204-11-045220`
Period End Date	20110630
Filing Date	20110810
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	loan-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 72 Cash Flow Statement 56

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$386.02K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$707.45K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.45K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$278.42K	USD	Point-in-time
Short term loans	`LoansAndLeasesReceivableGrossCarryingAmountCommercial`	$9.04M	USD	Point-in-time
Short term loans	`LoansAndLeasesReceivableGrossCarryingAmountCommercial`	$8.16M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Interest receivable on short term loans	`InterestReceivableCurrent`	$91.59K	USD	Point-in-time
Interest receivable on short term loans	`InterestReceivableCurrent`	$117.03K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$13.43K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$45.91K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.65M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.41M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$9.21M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.41M	shares	Point-in-time
Investment in real estate	`RealEstateInvestments`	$675.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	3.32M	shares	Point-in-time
Investment in real estate	`RealEstateInvestments`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	3.32M	shares	Point-in-time
Long term loan receivable	`NotesAndLoansReceivableNetNoncurrent`	$73.39K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	80,731.00	shares	Point-in-time
Long term loan receivable	`NotesAndLoansReceivableNetNoncurrent`	-	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	80,731.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.42K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$909.00	USD	Point-in-time
Security deposit	`SecurityDeposit`	$23.86K	USD	Point-in-time
Security deposit	`SecurityDeposit`	$17.52K	USD	Point-in-time
Investment in privately held company, at cost	`CostMethodInvestments`	$100.00K	USD	Point-in-time
Investment in privately held company, at cost	`CostMethodInvestments`	$100.00K	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsNoncurrentNet`	$90.99K	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsNoncurrentNet`	$109.18K	USD	Point-in-time
Total assets	`Assets`	$10.18M	USD	Point-in-time
Total assets	`Assets`	$8.88M	USD	Point-in-time
Short term loans and line of credit	`ShortTermLoansAndLineOfCredit`	$300.00K	USD	Point-in-time
Short term loans and line of credit	`ShortTermLoansAndLineOfCredit`	$1.36M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$56.41K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$53.76K	USD	Point-in-time
Deferred origination fees	`LoansAndLeasesReceivableDeferredIncomeCommercial`	$104.85K	USD	Point-in-time
Deferred origination fees	`LoansAndLeasesReceivableDeferredIncomeCommercial`	$76.43K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$180.51K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$196.51K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$613.35K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.71M	USD	Point-in-time
Senior secured notes	`SeniorLongTermNotes`	$500.00K	USD	Point-in-time
Senior secured notes	`SeniorLongTermNotes`	$500.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.11M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.21M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred shares - $.01 par value; 5,000,000 shares authorized; no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred shares - $.01 par value; 5,000,000 shares authorized; no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Common shares - $.001 par value; 25,000,000 authorized; 3,405,190 issued and 3,324,459 outstanding	`CommonStockValue`	$3.40K	USD	Point-in-time
Common shares - $.001 par value; 25,000,000 authorized; 3,405,190 issued and 3,324,459 outstanding	`CommonStockValue`	$3.40K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$9.62M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$9.59M	USD	Point-in-time
Treasury stock, at cost- 80,731 shares	`TreasuryStockValue`	$241.40K	USD	Point-in-time
Treasury stock, at cost- 80,731 shares	`TreasuryStockValue`	$241.40K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.42M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.59M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$7.76M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$7.96M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$8.88M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$10.18M	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Interest income from short term loans	`InterestAndFeeIncomeLoansCommercial`	$495.86K	USD	2 Qtrs
Interest income from short term loans	`InterestAndFeeIncomeLoansCommercial`	$558.40K	USD	2 Qtrs
Interest income from short term loans	`InterestAndFeeIncomeLoansCommercial`	$276.04K	USD	1 Quarter
Interest income from short term loans	`InterestAndFeeIncomeLoansCommercial`	$259.66K	USD	1 Quarter
Origination fees	`AmortizationOfDeferredLoanOriginationFeesNet`	$122.01K	USD	2 Qtrs
Origination fees	`AmortizationOfDeferredLoanOriginationFeesNet`	$65.57K	USD	1 Quarter
Origination fees	`AmortizationOfDeferredLoanOriginationFeesNet`	$110.34K	USD	2 Qtrs
Origination fees	`AmortizationOfDeferredLoanOriginationFeesNet`	$55.37K	USD	1 Quarter
Total Revenue	`Revenues`	$341.61K	USD	1 Quarter
Total Revenue	`Revenues`	$680.41K	USD	2 Qtrs
Total Revenue	`Revenues`	$606.20K	USD	2 Qtrs
Total Revenue	`Revenues`	$315.03K	USD	1 Quarter
Interest expense on loans and line of credit	`LineOfCreditFacilityPeriodicPaymentInterest`	$28.29K	USD	1 Quarter
Interest expense on loans and line of credit	`LineOfCreditFacilityPeriodicPaymentInterest`	$44.97K	USD	2 Qtrs
Interest expense on loans and line of credit	`LineOfCreditFacilityPeriodicPaymentInterest`	$9.59K	USD	1 Quarter
Interest expense on loans and line of credit	`LineOfCreditFacilityPeriodicPaymentInterest`	$14.73K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$324.53K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$390.53K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$203.81K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$182.45K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$192.04K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$435.49K	USD	2 Qtrs
Total operating costs and expenses	`OperatingCostsAndExpenses`	$339.25K	USD	2 Qtrs
Total operating costs and expenses	`OperatingCostsAndExpenses`	$232.10K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$122.98K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$109.51K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$244.92K	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$266.95K	USD	2 Qtrs
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	-	USD	1 Quarter
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	-	USD	2 Qtrs
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$824.00	USD	1 Quarter
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$4.17K	USD	2 Qtrs
Realized gain on marketable securities that were previously marked down	`MarketableSecuritiesRealizedGainLoss`	$151.42K	USD	2 Qtrs
Realized gain on marketable securities that were previously marked down	`MarketableSecuritiesRealizedGainLoss`	-	USD	1 Quarter
Realized gain on marketable securities that were previously marked down	`MarketableSecuritiesRealizedGainLoss`	$96.13K	USD	1 Quarter
Realized gain on marketable securities that were previously marked down	`MarketableSecuritiesRealizedGainLoss`	-	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	-	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	$31.59K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$39.00K	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$96.96K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$155.59K	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$39.00K	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$31.59K	USD	1 Quarter
Income from operations before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$141.10K	USD	1 Quarter
Income from operations before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$422.53K	USD	2 Qtrs
Income from operations before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$283.92K	USD	2 Qtrs
Income from operations before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$219.94K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$116.00K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$54.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$65.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$127.00K	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$87.10K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$167.92K	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$295.53K	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$154.94K	USD	1 Quarter
-Basic (in dollars per share)	`EarningsPerShareBasic`	$0.05	USD	2 Qtrs
-Basic (in dollars per share)	`EarningsPerShareBasic`	$0.09	USD	2 Qtrs
-Basic (in dollars per share)	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
-Basic (in dollars per share)	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
-Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.09	USD	2 Qtrs
-Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.05	USD	1 Quarter
-Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.05	USD	2 Qtrs
-Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
-Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.32M	shares	2 Qtrs
-Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.32M	shares	1 Quarter
-Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.32M	shares	1 Quarter
-Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.32M	shares	2 Qtrs
-Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.37M	shares	1 Quarter
-Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.40M	shares	2 Qtrs
-Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.37M	shares	2 Qtrs
-Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.40M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$87.10K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$167.92K	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$295.53K	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$154.94K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$18.20K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	-	USD	2 Qtrs
Depreciation	`DepreciationNonproduction`	$1.52K	USD	2 Qtrs
Depreciation	`DepreciationNonproduction`	$1.52K	USD	2 Qtrs
Non cash compensation expense	`ShareBasedCompensation`	$45.75K	USD	2 Qtrs
Non cash compensation expense	`ShareBasedCompensation`	$30.75K	USD	2 Qtrs
Realized gain on sale of marketable securities that were previously marked down	`MarketableSecuritiesRealizedGainLoss`	$151.42K	USD	2 Qtrs
Realized gain on sale of marketable securities that were previously marked down	`MarketableSecuritiesRealizedGainLoss`	-	USD	1 Quarter
Realized gain on sale of marketable securities that were previously marked down	`MarketableSecuritiesRealizedGainLoss`	$96.13K	USD	1 Quarter
Realized gain on sale of marketable securities that were previously marked down	`MarketableSecuritiesRealizedGainLoss`	-	USD	2 Qtrs
Interest receivable on short term loans	`IncreaseDecreaseInAccruedInterestReceivableNet`	$25.43K	USD	2 Qtrs
Interest receivable on short term loans	`IncreaseDecreaseInAccruedInterestReceivableNet`	$8.87K	USD	2 Qtrs
Other current and non current assets	`IncreaseDecreaseInOtherOperatingAssets`	$38.83K	USD	2 Qtrs
Other current and non current assets	`IncreaseDecreaseInOtherOperatingAssets`	$85.15K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-8.89K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.64K	USD	2 Qtrs
Deferred origination fees	`IncreaseDecreaseInDeferredCharges`	$45.86K	USD	2 Qtrs
Deferred origination fees	`IncreaseDecreaseInDeferredCharges`	$-28.42K	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$16.00K	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$26.56K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$69.18K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$195.90K	USD	2 Qtrs
Proceeds from sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$431.86K	USD	2 Qtrs
Proceeds from sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	2 Qtrs
Investment in real estate	`PaymentsToAcquireBuildings`	-	USD	2 Qtrs
Investment in real estate	`PaymentsToAcquireBuildings`	$675.00K	USD	2 Qtrs
Issuance of short term loans	`IssuanceOfShortTermLoans`	$2.94M	USD	2 Qtrs
Issuance of short term loans	`IssuanceOfShortTermLoans`	$3.27M	USD	2 Qtrs
Collections received from loans	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$1.71M	USD	2 Qtrs
Collections received from loans	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$2.31M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-798.22K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.63M	USD	2 Qtrs
Proceeds from loans and line of credit	`ProceedsFromLoansAndLineOfCredit`	$300.00K	USD	2 Qtrs
Proceeds from loans and line of credit	`ProceedsFromLoansAndLineOfCredit`	$1.06M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.06M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$300.00K	USD	2 Qtrs
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-377.58K	USD	2 Qtrs
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-429.03K	USD	2 Qtrs
Cash and cash equivalents, beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$386.02K	USD	Point-in-time
Cash and cash equivalents, beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$707.45K	USD	Point-in-time
Cash and cash equivalents, beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$8.45K	USD	Point-in-time
Cash and cash equivalents, beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$278.42K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$386.02K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$707.45K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.45K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$278.42K	USD	Point-in-time
Taxes paid during the period	`IncomeTaxesPaid`	$100.00K	USD	2 Qtrs
Taxes paid during the period	`IncomeTaxesPaid`	$100.44K	USD	2 Qtrs
Interest paid during the period	`InterestPaid`	$14.73K	USD	2 Qtrs
Interest paid during the period	`InterestPaid`	$44.97K	USD	2 Qtrs
Forgiveness of debt	`DebtInstrumentDecreaseForgiveness`	-	USD	2 Qtrs
Forgiveness of debt	`DebtInstrumentDecreaseForgiveness`	$27.96K	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.