10-Q Filing

MANHATTAN BRIDGE CAPITAL, INC CIK: 1080340 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001144204-13-042077`
Period End Date	20130630
Filing Date	20130731
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	loan-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 64 Cash Flow Statement 55

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`	$166.51K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$240.69K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.09M	USD	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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Short term loans receivable	`ShortTermLoansReceivable`	$10.79M	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
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`	$160.42K	USD	Point-in-time
Interest receivable on loans	`InterestReceivableCurrent`	$160.34K	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`	$18.90K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$51.10K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.43M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$12.10M	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`	4.27M	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
Investment in real estate	`InvestmentInRealEstate`	$146.82K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	163,000.00	shares	Point-in-time
Long term loans receivable	`LongTermLoansReceivable`	$3.39M	USD	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
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`	$18.20K	USD	Point-in-time
Total assets	`Assets`	$15.76M	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`	$3.50M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$5.00M	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`	$19.77K	USD	Point-in-time
Deferred origination fees	`DeferredOriginationFees`	$122.24K	USD	Point-in-time
Deferred origination fees	`DeferredOriginationFees`	$176.76K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$182.14K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$268.26K	USD	Point-in-time
Total liabilities, all current	`LiabilitiesCurrent`	$5.86M	USD	Point-in-time
Total liabilities, all current	`LiabilitiesCurrent`	$7.04M	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; 4,433,190 and 4,405,190 issued; 4,270,190 and 4,298,059 outstanding	`CommonStockValue`	$4.41K	USD	Point-in-time
Common shares - $.001 par value; 25,000,000 authorized; 4,433,190 and 4,405,190 issued; 4,270,190 and 4,298,059 outstanding	`CommonStockValue`	$4.43K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$9.69M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$9.72M	USD	Point-in-time
Treasury stock, at cost - 163,000 and 107,131 shares	`TreasuryStockValue`	$346.02K	USD	Point-in-time
Treasury stock, at cost - 163,000 and 107,131 shares	`TreasuryStockValue`	$269.97K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-654.32K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-942.61K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$8.48M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$8.72M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$14.34M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$15.76M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Interest income from loans	`InterestIncomeFromLoans`	$447.52K	USD	1 Quarter
Interest income from loans	`InterestIncomeFromLoans`	$332.46K	USD	1 Quarter
Interest income from loans	`InterestIncomeFromLoans`	$892.30K	USD	2 Qtrs
Interest income from loans	`InterestIncomeFromLoans`	$640.06K	USD	2 Qtrs
Origination fees	`OriginationFees`	$166.32K	USD	2 Qtrs
Origination fees	`OriginationFees`	$82.10K	USD	1 Quarter
Origination fees	`OriginationFees`	$195.85K	USD	2 Qtrs
Origination fees	`OriginationFees`	$106.27K	USD	1 Quarter
Total Revenue	`Revenues`	$806.39K	USD	2 Qtrs
Total Revenue	`Revenues`	$1.09M	USD	2 Qtrs
Total Revenue	`Revenues`	$414.56K	USD	1 Quarter
Total Revenue	`Revenues`	$553.79K	USD	1 Quarter
Interest and amortization of debt service costs	`InterestAndAmortizationOfDebtServiceCosts`	$204.21K	USD	2 Qtrs
Interest and amortization of debt service costs	`InterestAndAmortizationOfDebtServiceCosts`	$101.56K	USD	1 Quarter
Interest and amortization of debt service costs	`InterestAndAmortizationOfDebtServiceCosts`	$100.07K	USD	2 Qtrs
Interest and amortization of debt service costs	`InterestAndAmortizationOfDebtServiceCosts`	$58.93K	USD	1 Quarter
Referral fees	`ReferralFees`	$3.66K	USD	2 Qtrs
Referral fees	`ReferralFees`	$929.00	USD	2 Qtrs
Referral fees	`ReferralFees`	$1.53K	USD	1 Quarter
Referral fees	`ReferralFees`	$334.00	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$204.86K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$377.73K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$364.18K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$196.21K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$306.75K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$582.86K	USD	2 Qtrs
Total operating costs and expenses	`OperatingCostsAndExpenses`	$467.92K	USD	2 Qtrs
Total operating costs and expenses	`OperatingCostsAndExpenses`	$256.67K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$338.47K	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$247.04K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$505.30K	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$157.89K	USD	1 Quarter
Other income (Note 4)	`OtherNonoperatingIncome`	$6.89K	USD	1 Quarter
Other income (Note 4)	`OtherNonoperatingIncome`	$6.89K	USD	1 Quarter
Other income (Note 4)	`OtherNonoperatingIncome`	$13.77K	USD	2 Qtrs
Other income (Note 4)	`OtherNonoperatingIncome`	$13.77K	USD	2 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$253.93K	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$164.78K	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$519.07K	USD	2 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$352.25K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$84.70K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$157.20K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$96.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$188.00K	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$331.07K	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$157.93K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$80.08K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$195.05K	USD	2 Qtrs
-Basic (in dollars per share)	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
-Basic (in dollars per share)	`EarningsPerShareBasic`	$0.08	USD	2 Qtrs
-Basic (in dollars per share)	`EarningsPerShareBasic`	$0.05	USD	2 Qtrs
-Basic (in dollars per share)	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
-Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
-Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.05	USD	2 Qtrs
-Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.08	USD	2 Qtrs
-Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
-Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.32M	shares	2 Qtrs
-Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.28M	shares	2 Qtrs
-Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.27M	shares	1 Quarter
-Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.32M	shares	1 Quarter
-Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.29M	shares	1 Quarter
-Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.33M	shares	1 Quarter
-Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.29M	shares	2 Qtrs
-Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.33M	shares	2 Qtrs

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Common Stock, Dividends, Per Share, Cash Paid	`CommonStockDividendsPerShareCashPaid`	$0.01	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$331.07K	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$157.93K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$80.08K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$195.05K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfDeferredFinancingCosts`	$23.54K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfDeferredFinancingCosts`	$4.84K	USD	2 Qtrs
Depreciation	`DepreciationNonproduction`	-	USD	2 Qtrs
Depreciation	`DepreciationNonproduction`	$322.00	USD	2 Qtrs
Non cash compensation expense	`ShareBasedCompensationExpense`	$7.73K	USD	2 Qtrs
Non cash compensation expense	`ShareBasedCompensationExpense`	$5.10K	USD	1 Quarter
Non cash compensation expense	`ShareBasedCompensationExpense`	$8.52K	USD	2 Qtrs
Non cash compensation expense	`ShareBasedCompensationExpense`	$4.31K	USD	1 Quarter
Interest receivable on loans	`IncreaseDecreaseInAccruedInterestReceivableNet`	$9.57K	USD	2 Qtrs
Interest receivable on loans	`IncreaseDecreaseInAccruedInterestReceivableNet`	$76.00	USD	2 Qtrs
Other current and non current assets	`IncreaseDecreaseInOtherOperatingAssets`	$32.20K	USD	2 Qtrs
Other current and non current assets	`IncreaseDecreaseInOtherOperatingAssets`	$33.38K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-35.44K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-50.64K	USD	2 Qtrs
Deferred origination fees	`IncreaseDecreaseInDeferredOriginationFees`	$-29.94K	USD	2 Qtrs
Deferred origination fees	`IncreaseDecreaseInDeferredOriginationFees`	$-54.52K	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-43.53K	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-86.12K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$248.61K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$115.96K	USD	2 Qtrs
Issuance of short term loans	`IssuanceOfShortTermLoans`	$5.90M	USD	2 Qtrs
Issuance of short term loans	`IssuanceOfShortTermLoans`	$8.43M	USD	2 Qtrs
Collections received from loans	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$4.24M	USD	2 Qtrs
Collections received from loans	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$7.87M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-558.63K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.65M	USD	2 Qtrs
Proceeds from loans and line of credit, net	`ProceedsFromLoansAndLineOfCredit`	$1.26M	USD	2 Qtrs
Proceeds from loans and line of credit, net	`ProceedsFromLoansAndLineOfCredit`	$1.48M	USD	2 Qtrs
Purchase of treasury shares	`PaymentsForRepurchaseOfEquity`	$76.05K	USD	2 Qtrs
Purchase of treasury shares	`PaymentsForRepurchaseOfEquity`	-	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	-	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$22.54K	USD	2 Qtrs
Dividend paid ($0.01 per share)	`PaymentsOfDividends`	$42.79K	USD	2 Qtrs
Dividend paid ($0.01 per share)	`PaymentsOfDividends`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.16M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.48M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$853.68K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-55.40K	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$166.51K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$240.69K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.09M	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`	$166.51K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$240.69K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.09M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$221.91K	USD	Point-in-time
Taxes paid during the period	`IncomeTaxesPaid`	$200.73K	USD	2 Qtrs
Taxes paid during the period	`IncomeTaxesPaid`	$274.12K	USD	2 Qtrs
Interest paid during the period	`InterestPaid`	$180.67K	USD	2 Qtrs
Interest paid during the period	`InterestPaid`	$79.21K	USD	2 Qtrs

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