10-Q Filing

MANHATTAN BRIDGE CAPITAL, INC CIK: 1080340 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001144204-13-026111`
Period End Date	20130331
Filing Date	20130503
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	loan-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 32 Cash Flow Statement 48

Balance Sheet 70 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`	$236.51K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$221.91K	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`	$240.69K	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
Short term loans receivable	`ShortTermLoansReceivable`	$9.20M	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 loans	`InterestReceivableCurrent`	$160.34K	USD	Point-in-time
Interest receivable on loans	`InterestReceivableCurrent`	$147.65K	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
Other current assets	`OtherAssetsCurrent`	$41.56K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.41M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$9.62M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.41M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$11.44M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.28M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.30M	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
Treasury stock, shares	`TreasuryStockShares`	136,731.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	107,131.00	shares	Point-in-time
Long term loans receivable	`LongTermLoansReceivable`	$2.60M	USD	Point-in-time
Long term loans receivable	`LongTermLoansReceivable`	$3.34M	USD	Point-in-time
Security deposit	`SecurityDeposit`	$6.49K	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`	$41.73K	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCosts`	$28.63K	USD	Point-in-time
Total assets	`Assets`	$13.24M	USD	Point-in-time
Total assets	`Assets`	$14.34M	USD	Point-in-time
Short term loans	`ShortTermBorrowings`	$1.40M	USD	Point-in-time
Short term loans	`ShortTermBorrowings`	$1.16M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$2.70M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$3.50M	USD	Point-in-time
Senior secured notes	`SeniorNotesCurrent`	$500.00K	USD	Point-in-time
Senior secured notes	`SeniorNotesCurrent`	$500.00K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$70.40K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$57.63K	USD	Point-in-time
Deferred origination fees	`DeferredOriginationFees`	$122.24K	USD	Point-in-time
Deferred origination fees	`DeferredOriginationFees`	$116.03K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$268.26K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$86.14K	USD	Point-in-time
Total liabilities, all current	`LiabilitiesCurrent`	$4.62M	USD	Point-in-time
Total liabilities, all current	`LiabilitiesCurrent`	$5.86M	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; 4,412,190 and 4,405,190 issued; 4,275,459 and 4,298,059 outstanding	`CommonStockValue`	$4.41K	USD	Point-in-time
Common shares - $.001 par value; 25,000,000 authorized; 4,412,190 and 4,405,190 issued; 4,275,459 and 4,298,059 outstanding	`CommonStockValue`	$4.41K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$9.69M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$9.70M	USD	Point-in-time
Treasury stock, at cost - 136,731 and 107,131 shares	`TreasuryStockValue`	$307.80K	USD	Point-in-time
Treasury stock, at cost - 136,731 and 107,131 shares	`TreasuryStockValue`	$269.97K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-942.61K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-769.47K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$8.62M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$8.48M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$14.34M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$13.24M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Interest income from loans	`InterestIncomeFromLoans`	$307.60K	USD	1 Quarter
Interest income from loans	`InterestIncomeFromLoans`	$444.78K	USD	1 Quarter
Origination fees	`OriginationFees`	$89.58K	USD	1 Quarter
Origination fees	`OriginationFees`	$84.22K	USD	1 Quarter
Total revenue	`Revenues`	$391.83K	USD	1 Quarter
Total revenue	`Revenues`	$534.36K	USD	1 Quarter
Interest and amortization of debt service costs	`InterestAndAmortizationOfDebtServiceCosts`	$102.65K	USD	1 Quarter
Interest and amortization of debt service costs	`InterestAndAmortizationOfDebtServiceCosts`	$41.14K	USD	1 Quarter
Referral fees	`ReferralFees`	$2.13K	USD	1 Quarter
Referral fees	`ReferralFees`	$596.00	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$167.98K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$172.87K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$211.25K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$276.11K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$258.25K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$180.58K	USD	1 Quarter
Other income (Note 4)	`OtherNonoperatingIncome`	$6.89K	USD	1 Quarter
Other income (Note 4)	`OtherNonoperatingIncome`	$6.89K	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$265.14K	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$187.47K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$72.50K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$92.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$173.14K	USD	1 Quarter
Net income	`NetIncomeLoss`	$114.97K	USD	1 Quarter
-Basic (in dollars per share)	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
-Basic (in dollars per share)	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
-Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
-Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
-Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.32M	shares	1 Quarter
-Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.28M	shares	1 Quarter
-Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.33M	shares	1 Quarter
-Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.30M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$173.14K	USD	1 Quarter
Net income	`NetIncomeLoss`	$114.97K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfDeferredFinancingCosts`	$13.10K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfDeferredFinancingCosts`	$9.10K	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	-	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$161.00	USD	1 Quarter
Non cash compensation expense	`ShareBasedCompensationExpense`	$3.42K	USD	1 Quarter
Non cash compensation expense	`ShareBasedCompensationExpense`	$3.42K	USD	1 Quarter
Interest receivable on loans	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-12.69K	USD	1 Quarter
Interest receivable on loans	`IncreaseDecreaseInAccruedInterestReceivableNet`	$2.82K	USD	1 Quarter
Other current and non current assets	`IncreaseDecreaseInOtherOperatingAssets`	$22.66K	USD	1 Quarter
Other current and non current assets	`IncreaseDecreaseInOtherOperatingAssets`	$36.28K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-12.77K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$10.70K	USD	1 Quarter
Deferred origination fees	`IncreaseDecreaseInDeferredOriginationFees`	$6.21K	USD	1 Quarter
Deferred origination fees	`IncreaseDecreaseInDeferredOriginationFees`	$5.75K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-182.12K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-22.55K	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$70.95K	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-21.41K	USD	1 Quarter
Issuance of short term loans	`IssuanceOfShortTermLoans`	$2.78M	USD	1 Quarter
Issuance of short term loans	`IssuanceOfShortTermLoans`	$2.85M	USD	1 Quarter
Collections received from loans	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$2.26M	USD	1 Quarter
Collections received from loans	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$3.94M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-516.22K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.09M	USD	1 Quarter
(Repayments of) proceeds from loans and line of credit, net	`ProceedsFromLoansAndLineOfCredit`	$265.00K	USD	1 Quarter
(Repayments of) proceeds from loans and line of credit, net	`ProceedsFromLoansAndLineOfCredit`	$-1.04M	USD	1 Quarter
Purchase of treasury shares	`PaymentsForRepurchaseOfEquity`	$37.82K	USD	1 Quarter
Purchase of treasury shares	`PaymentsForRepurchaseOfEquity`	-	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	-	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$4.69K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$265.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.07M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-180.27K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.18K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$236.51K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$221.91K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$41.63K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$240.69K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$236.51K	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`	$41.63K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$240.69K	USD	Point-in-time
Taxes paid during the period	`IncomeTaxesPaid`	$95.05K	USD	1 Quarter
Taxes paid during the period	`IncomeTaxesPaid`	$274.12K	USD	1 Quarter
Interest paid during the period	`InterestPaid`	$89.54K	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.