10-K Filing

MANHATTAN BRIDGE CAPITAL, INC CIK: 1080340 FY 2011

Filing Information

Form Type	10-K
Accession Number	`0001144204-12-016174`
Period End Date	20111231
Filing Date	20120320
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	loan-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 38 Cash Flow Statement 57 Stockholders Equity 14

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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$707.45K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$221.91K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Short term loans receivable	`ShortTermLoanReceivable`	$8.16M	USD	Point-in-time
Short term loans receivable	`ShortTermLoanReceivable`	$6.92M	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
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Interest receivable on loans	`InterestReceivableCurrent`	$109.91K	USD	Point-in-time
Interest receivable on loans	`InterestReceivableCurrent`	$91.59K	USD	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`	$16.46K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.41M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.41M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$8.65M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.26M	USD	Point-in-time
Investment in real estate	`InvestmentInRealEstate`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.32M	shares	Point-in-time
Investment in real estate	`InvestmentInRealEstate`	$146.82K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	3.32M	shares	Point-in-time
Long term loans receivable	`LongTermLoansReceivable`	-	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	80,731.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	80,731.00	shares	Point-in-time
Long term loans receivable	`LongTermLoansReceivable`	$2.50M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.42K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$588.00	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`	$72.79K	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsNoncurrentNet`	$109.18K	USD	Point-in-time
Total assets	`Assets`	$10.09M	USD	Point-in-time
Total assets	`Assets`	$8.88M	USD	Point-in-time
Short term loans and line of credit	`ShortTermLoansAndLineOfCredit`	$1.16M	USD	Point-in-time
Short term loans and line of credit	`ShortTermLoansAndLineOfCredit`	$300.00K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$60.07K	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`	$112.78K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$168.79K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$180.51K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$613.35K	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`	$2.00M	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 and 3,405,190 issued and 4,324,459 and 3,324,459 outstanding	`CommonStockValue`	$4.41K	USD	Point-in-time
Common shares - $.001 par value; 25,000,000 authorized; 4,405,190 and 3,405,190 issued and 4,324,459 and 3,324,459 outstanding	`CommonStockValue`	$3.40K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$9.66M	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`	$-1.59M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.33M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$8.09M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$7.76M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$7.46M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$10.09M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$8.88M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Interest income from loans	`InterestAndFeeIncomeLoansCommercial`	$993.60K	USD	Annual
Interest income from loans	`InterestAndFeeIncomeLoansCommercial`	$1.14M	USD	Annual
Origination fees	`AmortizationOfDeferredLoanOriginationFeesNet`	$258.92K	USD	Annual
Origination fees	`AmortizationOfDeferredLoanOriginationFeesNet`	$216.06K	USD	Annual
Total Revenue	`Revenues`	$1.40M	USD	Annual
Total Revenue	`Revenues`	$1.21M	USD	Annual
Interest and amortization of debt service costs	`InterestAndAmortizationOfDebtServiceCosts`	$156.77K	USD	Annual
Interest and amortization of debt service costs	`InterestAndAmortizationOfDebtServiceCosts`	$28.53K	USD	Annual
Referral fees	`ReferralFees`	$11.98K	USD	Annual
Referral fees	`ReferralFees`	$7.90K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$866.71K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$783.23K	USD	Annual
Total operating costs and expenses	`OperatingCostsAndExpenses`	$1.03M	USD	Annual
Total operating costs and expenses	`OperatingCostsAndExpenses`	$823.74K	USD	Annual
Income from operations	`OperatingIncomeLoss`	$385.92K	USD	Annual
Income from operations	`OperatingIncomeLoss`	$369.08K	USD	Annual
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$4.97K	USD	Annual
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	-	USD	Annual
Realized gain on marketable securities that were previously marked down	`MarketableSecuritiesRealizedGainLoss`	-	USD	Annual
Realized gain on marketable securities that were previously marked down	`MarketableSecuritiesRealizedGainLoss`	$151.42K	USD	Annual
Other income (Note 5)	`OtherNonoperatingIncome`	$79.33K	USD	Annual
Other income (Note 5)	`OtherNonoperatingIncome`	-	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$156.39K	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$79.33K	USD	Annual
Income from operations before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$448.41K	USD	Annual
Income from operations before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$542.31K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$222.85K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$191.88K	USD	Annual
Net income	`NetIncomeLoss`	$319.46K	USD	Annual
Net income	`NetIncomeLoss`	$256.52K	USD	Annual
-Basic (in dollars per share)	`EarningsPerShareBasic`	$0.10	USD	Annual
-Basic (in dollars per share)	`EarningsPerShareBasic`	$0.07	USD	Annual
-Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.09	USD	Annual
-Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.07	USD	Annual
-Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.32M	shares	Annual
-Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.63M	shares	Annual
-Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.37M	shares	Annual
-Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.65M	shares	Annual

Cash Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
Proceeds from partial exercise of options	`ProceedsFromPartialExerciseOfOptions`	$528.18K	USD	Annual
Net income	`NetIncomeLoss`	$319.46K	USD	Annual
Net income	`NetIncomeLoss`	$256.52K	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$36.40K	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	-	USD	Annual
Depreciation	`DepreciationNonproduction`	$3.03K	USD	Annual
Depreciation	`DepreciationNonproduction`	$1.84K	USD	Annual
Non cash compensation expense	`ShareBasedCompensation`	$68.43K	USD	Annual
Non cash compensation expense	`ShareBasedCompensation`	$72.44K	USD	Annual
Realized gain on marketable securities that were previously marked down	`MarketableSecuritiesRealizedGainLoss`	-	USD	Annual
Realized gain on marketable securities that were previously marked down	`MarketableSecuritiesRealizedGainLoss`	$151.42K	USD	Annual
Interest receivable on loans	`IncreaseDecreaseInAccruedInterestReceivableNet`	$18.31K	USD	Annual
Interest receivable on loans	`IncreaseDecreaseInAccruedInterestReceivableNet`	$31.39K	USD	Annual
Other current and non current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-13.14K	USD	Annual
Other current and non current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-8.13K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.67K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$6.60K	USD	Annual
Deferred origination fees	`IncreaseDecreaseInDeferredCharges`	$26.32K	USD	Annual
Deferred origination fees	`IncreaseDecreaseInDeferredCharges`	$-36.35K	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$18.33K	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-11.73K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$223.88K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$381.30K	USD	Annual
Proceeds from sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$431.86K	USD	Annual
Proceeds from sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	Annual
Investment in real estate (net of proceeds of $528,179 from partial exercises of options - see Note 5)	`PaymentsToAcquireBuildings`	-	USD	Annual
Investment in real estate (net of proceeds of $528,179 from partial exercises of options - see Note 5)	`PaymentsToAcquireBuildings`	$146.82K	USD	Annual
Issuance of short term loans	`IssuanceOfShortTermLoans`	$6.14M	USD	Annual
Issuance of short term loans	`IssuanceOfShortTermLoans`	$8.51M	USD	Annual
Collections received from loans	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$7.25M	USD	Annual
Collections received from loans	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$4.46M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.40M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.25M	USD	Annual
Proceeds from loans and line of credit, net	`ProceedsFromLoansAndLineOfCredit`	$859.47K	USD	Annual
Proceeds from loans and line of credit, net	`ProceedsFromLoansAndLineOfCredit`	$300.00K	USD	Annual
Proceeds from issuance of senior secured notes	`ProceedsFromIssuanceOfSecuredDebt`	$500.00K	USD	Annual
Proceeds from issuance of senior secured notes	`ProceedsFromIssuanceOfSecuredDebt`	-	USD	Annual
Deferred financing costs on senior secured notes	`PaymentsOfFinancingCosts`	-	USD	Annual
Deferred financing costs on senior secured notes	`PaymentsOfFinancingCosts`	$97.50K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$859.47K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$702.50K	USD	Annual
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-321.43K	USD	Annual
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-164.12K	USD	Annual
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$386.02K	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$707.45K	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$221.91K	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$386.02K	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$707.45K	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$221.91K	USD	Point-in-time
Taxes paid during the year	`IncomeTaxesPaid`	$203.73K	USD	Annual
Taxes paid during the year	`IncomeTaxesPaid`	$203.67K	USD	Annual
Interest paid during the year	`InterestPaid`	$120.38K	USD	Annual
Interest paid during the year	`InterestPaid`	$28.53K	USD	Annual
Forgiveness of debt by related party	`ForgivenessOfDebtByRelatedParty`	$27.96K	USD	Annual
Forgiveness of debt by related party	`ForgivenessOfDebtByRelatedParty`	-	USD	Annual
Warrants issued in connection with issuance of senior secured notes	`DebtConversionConvertedInstrumentWarrantsOrOptionsIssued1`	0.00	shares	Annual
Warrants issued in connection with issuance of senior secured notes	`DebtConversionConvertedInstrumentWarrantsOrOptionsIssued1`	11,683.00	shares	Annual

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$8.09M	USD	Point-in-time
Balance	`StockholdersEquity`	$7.76M	USD	Point-in-time
Balance	`StockholdersEquity`	$7.46M	USD	Point-in-time
Non cash compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$72.44K	USD	Annual
Non cash compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$68.43K	USD	Annual
Warrants granted	`AdjustmentsToAdditionalPaidInCapitalWarrantGranted`	$11.68K	USD	Annual
Forgiveness of debt	`AdjustmentsToAdditionalPaidInCapitalForgivenessOfDebt`	$27.96K	USD	Annual
Effect of sale of remaining marketable securities	`OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecrease`	$-123.82K	USD	Annual
Net income	`NetIncomeLoss`	$319.46K	USD	Annual
Net income	`NetIncomeLoss`	$256.52K	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$195.64K	USD	Annual
Balance	`StockholdersEquity`	$8.09M	USD	Point-in-time
Balance	`StockholdersEquity`	$7.76M	USD	Point-in-time
Balance	`StockholdersEquity`	$7.46M	USD	Point-in-time

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