10-Q Filing

MANHATTAN BRIDGE CAPITAL, INC CIK: 1080340 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001144204-12-026756`
Period End Date	20120331
Filing Date	20120508
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	loan-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 32 Cash Flow Statement 46

Balance Sheet 74 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`	$41.63K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$386.02K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$232.91K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$221.91K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Short term loans receivable	`ShortTermLoanReceivable`	$7.37M	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
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Interest receivable on loans	`InterestReceivableCurrent`	$112.73K	USD	Point-in-time
Interest receivable on loans	`InterestReceivableCurrent`	$109.91K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$52.74K	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 authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$7.58M	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`	$7.26M	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`	4.32M	shares	Point-in-time
Investment in real estate	`InvestmentInRealEstate`	$146.82K	USD	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
Long term loans receivable	`LongTermLoansReceivable`	$2.56M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	80,731.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$588.00	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$427.00	USD	Point-in-time
Security deposit	`SecurityDeposit`	$6.35K	USD	Point-in-time
Security deposit	`SecurityDeposit`	$6.35K	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`	$63.69K	USD	Point-in-time
Total assets	`Assets`	$10.45M	USD	Point-in-time
Total assets	`Assets`	$10.09M	USD	Point-in-time
Short term loans	`ShortTermBorrowings`	$1.16M	USD	Point-in-time
Short term loans	`ShortTermBorrowings`	$1.16M	USD	Point-in-time
Short term loans (related party)	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Short term loans (related party)	`DueToRelatedPartiesCurrent`	$265.00K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$60.07K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$70.78K	USD	Point-in-time
Deferred origination fees	`LoansAndLeasesReceivableDeferredIncomeCommercial`	$112.78K	USD	Point-in-time
Deferred origination fees	`LoansAndLeasesReceivableDeferredIncomeCommercial`	$107.03K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$168.79K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$146.24K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.75M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.50M	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`	$2.25M	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`	$4.41K	USD	Point-in-time
Common shares - $.001 par value; 25,000,000 authorized; 4,405,190 issued and 4,324,459 outstanding	`CommonStockValue`	$4.41K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$9.66M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$9.66M	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`	$-1.22M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.33M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$8.21M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$8.09M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$10.09M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$10.45M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Interest income from loans	`InterestAndFeeIncomeLoansCommercial`	$307.60K	USD	1 Quarter
Interest income from loans	`InterestAndFeeIncomeLoansCommercial`	$282.37K	USD	1 Quarter
Origination fees	`AmortizationOfDeferredLoanOriginationFeesNet`	$84.22K	USD	1 Quarter
Origination fees	`AmortizationOfDeferredLoanOriginationFeesNet`	$56.44K	USD	1 Quarter
Total revenue	`Revenues`	$338.80K	USD	1 Quarter
Total revenue	`Revenues`	$391.83K	USD	1 Quarter
Interest and amortization of debt service costs	`InterestAndAmortizationOfDebtServiceCosts`	$41.14K	USD	1 Quarter
Interest and amortization of debt service costs	`InterestAndAmortizationOfDebtServiceCosts`	$25.77K	USD	1 Quarter
Referral fees	`ReferralFees`	$2.13K	USD	1 Quarter
Referral fees	`ReferralFees`	$648.00	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$167.98K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$176.97K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$211.25K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$203.39K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$135.41K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$180.58K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$7.41K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$6.89K	USD	1 Quarter
Income from operations before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$187.47K	USD	1 Quarter
Income from operations before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$142.82K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$62.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$72.50K	USD	1 Quarter
Net income	`NetIncomeLoss`	$114.97K	USD	1 Quarter
Net income	`NetIncomeLoss`	$80.82K	USD	1 Quarter
-Basic (in dollars per share)	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
-Basic (in dollars per share)	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
-Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
-Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
-Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.32M	shares	1 Quarter
-Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.89M	shares	1 Quarter
-Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.40M	shares	1 Quarter
-Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.89M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$114.97K	USD	1 Quarter
Net income	`NetIncomeLoss`	$80.82K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$9.10K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$9.10K	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$758.00	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$161.00	USD	1 Quarter
Non cash compensation expense	`ShareBasedCompensation`	$11.25K	USD	1 Quarter
Non cash compensation expense	`ShareBasedCompensation`	$3.42K	USD	1 Quarter
Interest receivable on loans	`IncreaseDecreaseInAccruedInterestReceivableNet`	$21.00K	USD	1 Quarter
Interest receivable on loans	`IncreaseDecreaseInAccruedInterestReceivableNet`	$2.82K	USD	1 Quarter
Other current and non current assets	`IncreaseDecreaseInOtherOperatingAssets`	$36.28K	USD	1 Quarter
Other current and non current assets	`IncreaseDecreaseInOtherOperatingAssets`	$15.65K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.10K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$10.70K	USD	1 Quarter
Deferred origination fees	`IncreaseDecreaseInDeferredCharges`	$-5.80K	USD	1 Quarter
Deferred origination fees	`IncreaseDecreaseInDeferredCharges`	$5.75K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-22.55K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-38.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$35.17K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$70.95K	USD	1 Quarter
Investment in real estate	`PaymentsToAcquireBuildings`	$675.00K	USD	1 Quarter
Investment in real estate	`PaymentsToAcquireBuildings`	-	USD	1 Quarter
Issuance of short term loans	`IssuanceOfShortTermLoans`	$2.78M	USD	1 Quarter
Issuance of short term loans	`IssuanceOfShortTermLoans`	$1.28M	USD	1 Quarter
Collections received from loans	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$2.26M	USD	1 Quarter
Collections received from loans	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$1.16M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-792.13K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-516.22K	USD	1 Quarter
Proceeds from loans and line of credit, net	`ProceedsFromLoansAndLineOfCredit`	$603.85K	USD	1 Quarter
Proceeds from loans and line of credit, net	`ProceedsFromLoansAndLineOfCredit`	$265.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$265.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$603.85K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-180.27K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-153.12K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$41.63K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$386.02K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$232.91K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$221.91K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$41.63K	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`	$232.91K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$221.91K	USD	Point-in-time
Taxes paid during the period	`IncomeTaxesPaid`	$100.00K	USD	1 Quarter
Taxes paid during the period	`IncomeTaxesPaid`	$95.05K	USD	1 Quarter
Interest paid during the period	`InterestPaid`	$16.68K	USD	1 Quarter
Interest paid during the period	`InterestPaid`	$32.04K	USD	1 Quarter

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