10-Q Filing

MANHATTAN BRIDGE CAPITAL, INC CIK: 1080340 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001144204-11-064102`
Period End Date	20110930
Filing Date	20111114
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	loan-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 72 Cash Flow Statement 58

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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.26M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$707.45K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$386.02K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$959.92K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Short term loans	`LoansAndLeasesReceivableGrossCarryingAmountCommercial`	$8.16M	USD	Point-in-time
Short term loans	`LoansAndLeasesReceivableGrossCarryingAmountCommercial`	$6.27M	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
Interest receivable on short term loans	`InterestReceivableCurrent`	$63.30K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	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
Other current assets	`OtherAssetsCurrent`	$13.43K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$31.66K	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
Total current assets	`AssetsCurrent`	$7.63M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.41M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.41M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$8.65M	USD	Point-in-time
Investment in real estate	`RealEstateInvestments`	-	USD	Point-in-time
Investment in real estate	`RealEstateInvestments`	$294.32K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.32M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.32M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	80,731.00	shares	Point-in-time
Long term loans receivable	`NotesAndLoansReceivableNetNoncurrent`	$2.17M	USD	Point-in-time
Long term loans receivable	`NotesAndLoansReceivableNetNoncurrent`	-	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	80,731.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$749.00	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.42K	USD	Point-in-time
Security deposit	`SecurityDeposit`	$6.35K	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`	$109.18K	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsNoncurrentNet`	$81.89K	USD	Point-in-time
Total assets	`Assets`	$8.88M	USD	Point-in-time
Total assets	`Assets`	$10.29M	USD	Point-in-time
Short term loans and line of credit	`ShortTermLoansAndLineOfCredit`	$1.46M	USD	Point-in-time
Short term loans and line of credit	`ShortTermLoansAndLineOfCredit`	$300.00K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$16.48K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$56.41K	USD	Point-in-time
Deferred origination fees	`LoansAndLeasesReceivableDeferredIncomeCommercial`	$76.43K	USD	Point-in-time
Deferred origination fees	`LoansAndLeasesReceivableDeferredIncomeCommercial`	$104.02K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$133.79K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$180.51K	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`	$2.21M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.11M	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; 4,405,190 issued and 4,324,459 outstanding	`CommonStockValue`	$3.40K	USD	Point-in-time
Common shares - $.001 par value; 25,000,000 authorized; 4,405,190 issued and 4,324,459 outstanding	`CommonStockValue`	$3.40K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$9.64M	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`	$-1.32M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.59M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$8.08M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$7.76M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$10.29M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$8.88M	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Interest income from short term loans	`InterestAndFeeIncomeLoansCommercial`	$751.73K	USD	3 Qtrs
Interest income from short term loans	`InterestAndFeeIncomeLoansCommercial`	$255.87K	USD	1 Quarter
Interest income from short term loans	`InterestAndFeeIncomeLoansCommercial`	$283.82K	USD	1 Quarter
Interest income from short term loans	`InterestAndFeeIncomeLoansCommercial`	$842.22K	USD	3 Qtrs
Origination fees	`AmortizationOfDeferredLoanOriginationFeesNet`	$67.22K	USD	1 Quarter
Origination fees	`AmortizationOfDeferredLoanOriginationFeesNet`	$50.59K	USD	1 Quarter
Origination fees	`AmortizationOfDeferredLoanOriginationFeesNet`	$189.23K	USD	3 Qtrs
Origination fees	`AmortizationOfDeferredLoanOriginationFeesNet`	$160.93K	USD	3 Qtrs
Total Revenue	`Revenues`	$912.66K	USD	3 Qtrs
Total Revenue	`Revenues`	$306.46K	USD	1 Quarter
Total Revenue	`Revenues`	$351.04K	USD	1 Quarter
Total Revenue	`Revenues`	$1.03M	USD	3 Qtrs
Interest expense on loans and line of credit	`LineOfCreditFacilityPeriodicPaymentInterest`	$21.63K	USD	3 Qtrs
Interest expense on loans and line of credit	`LineOfCreditFacilityPeriodicPaymentInterest`	$84.45K	USD	3 Qtrs
Interest expense on loans and line of credit	`LineOfCreditFacilityPeriodicPaymentInterest`	$6.90K	USD	1 Quarter
Interest expense on loans and line of credit	`LineOfCreditFacilityPeriodicPaymentInterest`	$39.48K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$205.09K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$595.62K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$182.85K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$507.38K	USD	3 Qtrs
Total operating costs and expenses	`OperatingCostsAndExpenses`	$189.75K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$244.57K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$680.06K	USD	3 Qtrs
Total operating costs and expenses	`OperatingCostsAndExpenses`	$529.01K	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$116.71K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$351.39K	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$383.66K	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$106.47K	USD	1 Quarter
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	-	USD	3 Qtrs
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$177.00	USD	1 Quarter
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	-	USD	1 Quarter
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$4.34K	USD	3 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`	$151.42K	USD	3 Qtrs
Realized gain on marketable securities that were previously marked down	`MarketableSecuritiesRealizedGainLoss`	-	USD	3 Qtrs
Realized gain on marketable securities that were previously marked down	`MarketableSecuritiesRealizedGainLoss`	-	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$31.59K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	-	USD	3 Qtrs
Other income	`OtherNonoperatingIncome`	$70.59K	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$155.76K	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$177.00	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$70.59K	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$31.59K	USD	1 Quarter
Income from operations before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$421.98K	USD	3 Qtrs
Income from operations before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$138.06K	USD	1 Quarter
Income from operations before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$116.88K	USD	1 Quarter
Income from operations before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$539.42K	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$187.03K	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$157.00K	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$41.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$60.03K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$352.39K	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$56.85K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$264.98K	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$97.06K	USD	1 Quarter
-Basic (in dollars per share)	`EarningsPerShareBasic`	$0.11	USD	3 Qtrs
-Basic (in dollars per share)	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
-Basic (in dollars per share)	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
-Basic (in dollars per share)	`EarningsPerShareBasic`	$0.08	USD	3 Qtrs
--Diluted -Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.10	USD	3 Qtrs
--Diluted -Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
--Diluted -Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.08	USD	3 Qtrs
--Diluted -Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
-Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.32M	shares	3 Qtrs
-Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.55M	shares	1 Quarter
-Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.32M	shares	1 Quarter
-Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.40M	shares	3 Qtrs
-Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.42M	shares	3 Qtrs
-Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.38M	shares	1 Quarter
-Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.37M	shares	3 Qtrs
-Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.56M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Proceeds from partial exercise of options	`ProceedsFromStockOptionsExercised`	$380.68K	USD	3 Qtrs
Proceeds from partial exercise of options	`ProceedsFromStockOptionsExercised`	-	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$352.39K	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$56.85K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$264.98K	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$97.06K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$27.30K	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	-	USD	3 Qtrs
Depreciation	`DepreciationNonproduction`	$2.27K	USD	3 Qtrs
Depreciation	`DepreciationNonproduction`	$1.68K	USD	3 Qtrs
Non cash compensation expense	`ShareBasedCompensation`	$59.10K	USD	3 Qtrs
Non cash compensation expense	`ShareBasedCompensation`	$47.86K	USD	3 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`	$151.42K	USD	3 Qtrs
Realized gain on sale of marketable securities that were previously marked down	`MarketableSecuritiesRealizedGainLoss`	-	USD	3 Qtrs
Realized gain on sale of marketable securities that were previously marked down	`MarketableSecuritiesRealizedGainLoss`	-	USD	1 Quarter
Interest receivable on loans	`IncreaseDecreaseInAccruedInterestReceivableNet`	$9.11K	USD	3 Qtrs
Interest receivable on loans	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-28.30K	USD	3 Qtrs
Other current and non current assets	`IncreaseDecreaseInOtherOperatingAssets`	$7.07K	USD	3 Qtrs
Other current and non current assets	`IncreaseDecreaseInOtherOperatingAssets`	$46.76K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-39.93K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-17.50K	USD	3 Qtrs
Deferred origination fees	`IncreaseDecreaseInDeferredCharges`	$-27.59K	USD	3 Qtrs
Deferred origination fees	`IncreaseDecreaseInDeferredCharges`	$62.12K	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-16.67K	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-46.73K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$303.98K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$110.18K	USD	3 Qtrs
Proceeds from sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	3 Qtrs
Proceeds from sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$431.86K	USD	3 Qtrs
Investment in real estate (net of proceeds of $380,679 from partial exercise of option - see note 4)	`PaymentsToAcquireBuildings`	$294.32K	USD	3 Qtrs
Investment in real estate (net of proceeds of $380,679 from partial exercise of option - see note 4)	`PaymentsToAcquireBuildings`	-	USD	3 Qtrs
Issuance of short term loans	`IssuanceOfShortTermLoans`	$6.50M	USD	3 Qtrs
Issuance of short term loans	`IssuanceOfShortTermLoans`	$3.91M	USD	3 Qtrs
Collections received from loans	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$3.32M	USD	3 Qtrs
Collections received from loans	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$6.21M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-586.34K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-157.72K	USD	3 Qtrs
Proceeds from loans and line of credit, net	`ProceedsFromLoansAndLineOfCredit`	$1.16M	USD	3 Qtrs
Proceeds from loans and line of credit, net	`ProceedsFromLoansAndLineOfCredit`	$300.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$300.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.16M	USD	3 Qtrs
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$877.10K	USD	3 Qtrs
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$252.47K	USD	3 Qtrs
Cash and cash equivalents, beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$1.26M	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`	$386.02K	USD	Point-in-time
Cash and cash equivalents, beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$959.92K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.26M	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`	$386.02K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$959.92K	USD	Point-in-time
Taxes paid during the period	`IncomeTaxesPaid`	$203.73K	USD	3 Qtrs
Taxes paid during the period	`IncomeTaxesPaid`	$203.67K	USD	3 Qtrs
Interest paid during the period	`InterestPaid`	$21.63K	USD	3 Qtrs
Interest paid during the period	`InterestPaid`	$84.45K	USD	3 Qtrs
Forgiveness of debt	`DebtInstrumentDecreaseForgiveness`	$27.96K	USD	3 Qtrs
Forgiveness of debt	`DebtInstrumentDecreaseForgiveness`	-	USD	3 Qtrs

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