10-K Filing

MANHATTAN BRIDGE CAPITAL, INC CIK: 1080340 FY 2012

Filing Information

Form Type	10-K
Accession Number	`0001144204-13-016885`
Period End Date	20121231
Filing Date	20130322
Fiscal Year	2012
Fiscal Period	FY
XBRL Instance	loan-20121231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 32 Cash Flow Statement 50 Stockholders Equity 11

Balance Sheet 76 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`	$240.69K	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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$221.91K	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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Short term loans receivable	`ShortTermLoansReceivable`	$11.02M	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
Interest receivable on loans	`InterestReceivableCurrent`	$160.34K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$16.46K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$18.90K	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`	$11.44M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.26M	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
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.30M	shares	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
Long term loans receivable	`LongTermLoansReceivable`	$2.60M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	107,131.00	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`	$588.00	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Security deposit	`SecurityDeposit`	$6.49K	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	`DeferredFinanceCosts`	$41.73K	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCosts`	$72.79K	USD	Point-in-time
Total assets	`Assets`	$14.34M	USD	Point-in-time
Total assets	`Assets`	$10.09M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	-	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$3.50M	USD	Point-in-time
Senior secured notes	`SeniorNotesCurrent`	-	USD	Point-in-time
Senior secured notes	`SeniorNotesCurrent`	$500.00K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$60.07K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$70.40K	USD	Point-in-time
Deferred origination fees	`DeferredOriginationFees`	$112.78K	USD	Point-in-time
Deferred origination fees	`DeferredOriginationFees`	$122.24K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$168.79K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$268.26K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.86M	USD	Point-in-time
Short term loans	`ShortTermBorrowings`	$1.40M	USD	Point-in-time
Short term loans	`ShortTermBorrowings`	$1.16M	USD	Point-in-time
Senior secured notes	`SeniorLongTermNotes`	$500.00K	USD	Point-in-time
Senior secured notes	`SeniorLongTermNotes`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$5.86M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.00M	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; 4,298,059 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; 4,298,059 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`	$9.69M	USD	Point-in-time
Treasury stock, at cost - 107,131 and 80,731 shares	`TreasuryStockValue`	$241.40K	USD	Point-in-time
Treasury stock, at cost - 107,131 and 80,731 shares	`TreasuryStockValue`	$269.97K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.33M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-942.61K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$8.09M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$7.76M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$8.48M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$10.09M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$14.34M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Interest income from loans	`InterestIncomeFromLoans`	$1.14M	USD	Annual
Interest income from loans	`InterestIncomeFromLoans`	$1.48M	USD	Annual
Origination fees	`OriginationFees`	$258.92K	USD	Annual
Origination fees	`OriginationFees`	$339.77K	USD	Annual
Total Revenue	`Revenues`	$1.40M	USD	Annual
Total Revenue	`Revenues`	$1.82M	USD	Annual
Interest and amortization of debt service costs	`InterestAndAmortizationOfDebtServiceCosts`	$156.77K	USD	Annual
Interest and amortization of debt service costs	`InterestAndAmortizationOfDebtServiceCosts`	$280.65K	USD	Annual
Referral fees	`ReferralFees`	$6.13K	USD	Annual
Referral fees	`ReferralFees`	$7.90K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$866.71K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$864.40K	USD	Annual
Total operating costs and expenses	`OperatingCostsAndExpenses`	$1.03M	USD	Annual
Total operating costs and expenses	`OperatingCostsAndExpenses`	$1.15M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$369.08K	USD	Annual
Income from operations	`OperatingIncomeLoss`	$664.38K	USD	Annual
Other income (Note 5)	`OtherNonoperatingIncome`	$79.33K	USD	Annual
Other income (Note 5)	`OtherNonoperatingIncome`	$27.55K	USD	Annual
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$691.93K	USD	Annual
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$448.41K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$191.88K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$303.32K	USD	Annual
Net income	`NetIncomeLoss`	$256.52K	USD	Annual
Net income	`NetIncomeLoss`	$388.61K	USD	Annual
-Basic (in dollars per share)	`EarningsPerShareBasic`	$0.07	USD	Annual
-Basic (in dollars per share)	`EarningsPerShareBasic`	$0.09	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`	4.32M	shares	Annual
-Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.63M	shares	Annual
-Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.65M	shares	Annual
-Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.33M	shares	Annual

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Proceeds From Partial Exercise Of Options	`ProceedsFromPartialExerciseOfOptions`	$528.18K	USD	Annual
Net income	`NetIncomeLoss`	$256.52K	USD	Annual
Net income	`NetIncomeLoss`	$388.61K	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$36.40K	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$47.08K	USD	Annual
Depreciation	`DepreciationNonproduction`	$588.00	USD	Annual
Depreciation	`DepreciationNonproduction`	$1.84K	USD	Annual
Non cash compensation expense	`ShareBasedCompensation`	$68.43K	USD	Annual
Non cash compensation expense	`ShareBasedCompensation`	$30.88K	USD	Annual
Interest receivable on loans	`IncreaseDecreaseInAccruedInterestReceivableNet`	$50.44K	USD	Annual
Interest receivable on loans	`IncreaseDecreaseInAccruedInterestReceivableNet`	$18.31K	USD	Annual
Other current and non current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-8.13K	USD	Annual
Other current and non current assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.58K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$10.33K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.67K	USD	Annual
Deferred origination fees	`IncreaseDecreaseInDeferredOriginationFees`	$-9.46K	USD	Annual
Deferred origination fees	`IncreaseDecreaseInDeferredOriginationFees`	$-36.35K	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$99.47K	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-11.73K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$533.40K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$381.30K	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
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`	$675.00K	USD	Point-in-time
Issuance of short term loans	`IssuanceOfShortTermLoans`	$15.17M	USD	Annual
Issuance of short term loans	`IssuanceOfShortTermLoans`	$8.51M	USD	Annual
Collections received from loans	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$10.96M	USD	Annual
Collections received from loans	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$7.25M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.21M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.40M	USD	Annual
Proceeds from loans and line of credit, net	`ProceedsFromLoansAndLineOfCredit`	$3.74M	USD	Annual
Proceeds from loans and line of credit, net	`ProceedsFromLoansAndLineOfCredit`	$859.47K	USD	Annual
Purchase of treasury shares	`PaymentsForRepurchaseOfEquity`	-	USD	Annual
Purchase of treasury shares	`PaymentsForRepurchaseOfEquity`	$28.57K	USD	Annual
Deferred financing costs incurred	`PaymentsOfFinancingCosts`	-	USD	Annual
Deferred financing costs incurred	`PaymentsOfFinancingCosts`	$16.02K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.70M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$859.47K	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-164.12K	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$18.79K	USD	Annual
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$240.69K	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$386.02K	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`	$240.69K	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`	$221.91K	USD	Point-in-time
Taxes paid during the year	`IncomeTaxesPaid`	$203.73K	USD	Annual
Taxes paid during the year	`IncomeTaxesPaid`	$203.85K	USD	Annual
Interest paid during the year	`InterestPaid`	$120.38K	USD	Annual
Interest paid during the year	`InterestPaid`	$234.84K	USD	Annual

Stockholders Equity 11 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`	$8.48M	USD	Point-in-time
Non cash compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$68.43K	USD	Annual
Non cash compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$30.88K	USD	Annual
Purchase of treasury shares	`TreasuryStockValueAcquiredCostMethod`	$28.57K	USD	Annual
Net income	`NetIncomeLoss`	$256.52K	USD	Annual
Net income	`NetIncomeLoss`	$388.61K	USD	Annual
Balance	`StockholdersEquity`	$8.09M	USD	Point-in-time
Balance	`StockholdersEquity`	$7.76M	USD	Point-in-time
Balance	`StockholdersEquity`	$8.48M	USD	Point-in-time

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