10-Q Filing

MANHATTAN BRIDGE CAPITAL, INC CIK: 1080340 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001144204-12-058156`
Period End Date	20120930
Filing Date	20121029
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	loan-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 64 Cash Flow Statement 53

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`	$386.02K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$208.36K	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.26M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Short term loans receivable	`ShortTermLoansReceivable`	$9.61M	USD	Point-in-time
Short term loans receivable	`ShortTermLoansReceivable`	$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
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Interest receivable on loans	`InterestReceivableCurrent`	$144.75K	USD	Point-in-time
Interest receivable on loans	`InterestReceivableCurrent`	$109.91K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$54.09K	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
Common stock, shares issued	`CommonStockSharesIssued`	4.41M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$7.26M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$10.01M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.41M	shares	Point-in-time
Investment in real estate	`InvestmentInRealEstate`	$146.82K	USD	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
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.32M	shares	Point-in-time
Long term loans receivable	`LongTermLoansReceivable`	$2.50M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	83,231.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	80,731.00	shares	Point-in-time
Long term loans receivable	`LongTermLoansReceivable`	$3.08M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$106.00	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`	$6.49K	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	`DeferredFinanceCosts`	$54.84K	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCosts`	$72.79K	USD	Point-in-time
Total assets	`Assets`	$10.09M	USD	Point-in-time
Total assets	`Assets`	$13.40M	USD	Point-in-time
Line of credit and short term loans	`ShortTermBorrowings`	$1.16M	USD	Point-in-time
Line of credit and short term loans	`ShortTermBorrowings`	$4.11M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$13.71K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$60.07K	USD	Point-in-time
Deferred revenues	`DeferredOriginationFees`	$112.78K	USD	Point-in-time
Deferred revenues	`DeferredOriginationFees`	$128.77K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$190.26K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$168.79K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.44M	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`	$4.94M	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; 4,321,959 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; 4,321,959 and 4,324,459 outstanding	`CommonStockValue`	$4.41K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$9.68M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$9.66M	USD	Point-in-time
Treasury stock, at cost - 83,231 and 80,731 shares	`TreasuryStockValue`	$244.01K	USD	Point-in-time
Treasury stock, at cost - 83,231 and 80,731 shares	`TreasuryStockValue`	$241.40K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-974.57K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.33M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$8.46M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$8.09M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$13.40M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$10.09M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Interest income from loans	`InterestIncomeFromLoans`	$402.12K	USD	1 Quarter
Interest income from loans	`InterestIncomeFromLoans`	$1.04M	USD	3 Qtrs
Interest income from loans	`InterestIncomeFromLoans`	$283.82K	USD	1 Quarter
Interest income from loans	`InterestIncomeFromLoans`	$842.22K	USD	3 Qtrs
Origination fees	`OriginationFees`	$189.23K	USD	3 Qtrs
Origination fees	`OriginationFees`	$255.51K	USD	3 Qtrs
Origination fees	`OriginationFees`	$67.22K	USD	1 Quarter
Origination fees	`OriginationFees`	$89.19K	USD	1 Quarter
Total Revenue	`Revenues`	$1.03M	USD	3 Qtrs
Total Revenue	`Revenues`	$491.31K	USD	1 Quarter
Total Revenue	`Revenues`	$351.04K	USD	1 Quarter
Total Revenue	`Revenues`	$1.30M	USD	3 Qtrs
Interest and amortization of debt service costs	`InterestAndAmortizationOfDebtServiceCosts`	$186.85K	USD	3 Qtrs
Interest and amortization of debt service costs	`InterestAndAmortizationOfDebtServiceCosts`	$86.78K	USD	1 Quarter
Interest and amortization of debt service costs	`InterestAndAmortizationOfDebtServiceCosts`	$111.74K	USD	3 Qtrs
Interest and amortization of debt service costs	`InterestAndAmortizationOfDebtServiceCosts`	$48.58K	USD	1 Quarter
Referral fees	`ReferralFees`	$763.00	USD	1 Quarter
Referral fees	`ReferralFees`	$4.89K	USD	3 Qtrs
Referral fees	`ReferralFees`	$1.23K	USD	1 Quarter
Referral fees	`ReferralFees`	$2.17K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$547.77K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$195.23K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$183.59K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$566.15K	USD	3 Qtrs
Total operating costs and expenses	`OperatingCostsAndExpenses`	$739.51K	USD	3 Qtrs
Total operating costs and expenses	`OperatingCostsAndExpenses`	$271.60K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$680.06K	USD	3 Qtrs
Total operating costs and expenses	`OperatingCostsAndExpenses`	$244.57K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$558.19K	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$219.71K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$351.39K	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$106.47K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$70.59K	USD	3 Qtrs
Other income	`OtherNonoperatingIncome`	$31.59K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$20.66K	USD	3 Qtrs
Other income	`OtherNonoperatingIncome`	$6.89K	USD	1 Quarter
Income from operations before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$226.60K	USD	1 Quarter
Income from operations before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$138.06K	USD	1 Quarter
Income from operations before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$578.85K	USD	3 Qtrs
Income from operations before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$421.98K	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$41.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$157.00K	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$222.20K	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$65.00K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$264.98K	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$161.60K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$356.65K	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$97.06K	USD	1 Quarter
-Basic (in dollars per share)	`EarningsPerShareBasic`	$0.08	USD	3 Qtrs
-Basic (in dollars per share)	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
-Basic (in dollars per share)	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
-Basic (in dollars per share)	`EarningsPerShareBasic`	$0.08	USD	3 Qtrs
-Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
-Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
-Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.08	USD	3 Qtrs
-Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.08	USD	3 Qtrs
-Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.32M	shares	3 Qtrs
-Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.55M	shares	1 Quarter
-Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.40M	shares	3 Qtrs
-Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.32M	shares	1 Quarter
-Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.33M	shares	1 Quarter
-Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.33M	shares	3 Qtrs
-Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.56M	shares	1 Quarter
-Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.42M	shares	3 Qtrs

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$264.98K	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$161.60K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$356.65K	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`	$17.95K	USD	3 Qtrs
Depreciation	`DepreciationNonproduction`	$482.00	USD	3 Qtrs
Depreciation	`DepreciationNonproduction`	$1.68K	USD	3 Qtrs
Non cash compensation expense	`ShareBasedCompensation`	$19.30K	USD	3 Qtrs
Non cash compensation expense	`ShareBasedCompensation`	$47.86K	USD	3 Qtrs
Non cash compensation expense	`ShareBasedCompensation`	$19.50K	USD	1 Quarter
Non cash compensation expense	`ShareBasedCompensation`	$4.31K	USD	1 Quarter
Interest receivable on loans	`IncreaseDecreaseInAccruedInterestReceivableNet`	$34.84K	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`	$37.77K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-39.93K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-46.36K	USD	3 Qtrs
Deferred revenues	`IncreaseDecreaseInDeferredOriginationFees`	$-15.99K	USD	3 Qtrs
Deferred revenues	`IncreaseDecreaseInDeferredOriginationFees`	$-27.59K	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$21.47K	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`	$312.87K	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
Investment in real estate (net of proceeds of $380,679 from partial exercise of option - see Note 4)	`PaymentsToAcquireBuildings`	$675.00K	USD	Point-in-time
Investment in real estate (net of proceeds of $380,679 from partial exercise of option - see Note 4)	`PaymentsToAcquireBuildings`	$294.32K	USD	3 Qtrs
Issuance of short term loans	`IssuanceOfShortTermLoans`	$11.15M	USD	3 Qtrs
Issuance of short term loans	`IssuanceOfShortTermLoans`	$6.50M	USD	3 Qtrs
Collections received from loans	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$7.87M	USD	3 Qtrs
Collections received from loans	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$6.21M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.27M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-586.34K	USD	3 Qtrs
Proceeds from loans and line of credit, net	`ProceedsFromLoansAndLineOfCredit`	$2.95M	USD	3 Qtrs
Proceeds from loans and line of credit, net	`ProceedsFromLoansAndLineOfCredit`	$1.16M	USD	3 Qtrs
Purchase of treasury shares	`PaymentsForRepurchaseOfEquity`	$2.61K	USD	3 Qtrs
Purchase of treasury shares	`PaymentsForRepurchaseOfEquity`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.95M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.16M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$877.10K	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-13.54K	USD	3 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`	$208.36K	USD	Point-in-time
Cash and cash equivalents, beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$221.91K	USD	Point-in-time
Cash and cash equivalents, beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$1.26M	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`	$208.36K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$221.91K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.26M	USD	Point-in-time
Taxes paid during the period	`IncomeTaxesPaid`	$203.73K	USD	3 Qtrs
Taxes paid during the period	`IncomeTaxesPaid`	$200.73K	USD	3 Qtrs
Interest paid during the period	`InterestPaid`	$152.88K	USD	3 Qtrs
Interest paid during the period	`InterestPaid`	$84.45K	USD	3 Qtrs

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