10-Q Filing

MANHATTAN BRIDGE CAPITAL, INC CIK: 1080340 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0001144204-13-057579`
Period End Date	20130930
Filing Date	20131030
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	loan-20130930.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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	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`	$240.69K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$69.05K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Short term loans receivable	`ShortTermLoansReceivable`	$11.36M	USD	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`	$160.34K	USD	Point-in-time
Interest receivable on loans	`InterestReceivableCurrent`	$173.21K	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
Other current assets	`OtherAssetsCurrent`	$35.06K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$11.64M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$11.44M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.43M	shares	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`	4.26M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.30M	shares	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
Long term loans receivable	`LongTermLoansReceivable`	$4.04M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	177,000.00	shares	Point-in-time
Security deposit	`SecurityDeposit`	$6.49K	USD	Point-in-time
Security deposit	`SecurityDeposit`	$6.64K	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`	$9.10K	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCosts`	$41.73K	USD	Point-in-time
Total assets	`Assets`	$14.34M	USD	Point-in-time
Total assets	`Assets`	$15.94M	USD	Point-in-time
Short term loans	`ShortTermBorrowings`	$1.32M	USD	Point-in-time
Short term loans	`ShortTermBorrowings`	$1.40M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$4.80M	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`	$16.05K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$70.40K	USD	Point-in-time
Deferred origination fees	`DeferredOriginationFees`	$122.24K	USD	Point-in-time
Deferred origination fees	`DeferredOriginationFees`	$160.39K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$268.26K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$280.22K	USD	Point-in-time
Total liabilities, all current	`LiabilitiesCurrent`	$7.08M	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; 4,433,190 and 4,405,190 issued; 4,256,190 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; 4,256,190 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`	$9.73M	USD	Point-in-time
Treasury stock, at cost - 177,000 and 107,131 shares	`TreasuryStockValue`	$369.33K	USD	Point-in-time
Treasury stock, at cost - 177,000 and 107,131 shares	`TreasuryStockValue`	$269.97K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-503.07K	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`	$8.86M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$15.94M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$14.34M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Interest income from loans	`InterestIncomeFromLoans`	$479.12K	USD	1 Quarter
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`	$1.37M	USD	3 Qtrs
Origination fees	`OriginationFees`	$255.51K	USD	3 Qtrs
Origination fees	`OriginationFees`	$105.92K	USD	1 Quarter
Origination fees	`OriginationFees`	$301.77K	USD	3 Qtrs
Origination fees	`OriginationFees`	$89.19K	USD	1 Quarter
Total Revenue	`Revenues`	$491.31K	USD	1 Quarter
Total Revenue	`Revenues`	$585.04K	USD	1 Quarter
Total Revenue	`Revenues`	$1.67M	USD	3 Qtrs
Total Revenue	`Revenues`	$1.30M	USD	3 Qtrs
Interest and amortization of debt service costs	`InterestAndAmortizationOfDebtServiceCosts`	$86.78K	USD	1 Quarter
Interest and amortization of debt service costs	`InterestAndAmortizationOfDebtServiceCosts`	$119.27K	USD	1 Quarter
Interest and amortization of debt service costs	`InterestAndAmortizationOfDebtServiceCosts`	$323.48K	USD	3 Qtrs
Interest and amortization of debt service costs	`InterestAndAmortizationOfDebtServiceCosts`	$186.85K	USD	3 Qtrs
Referral fees	`ReferralFees`	$4.89K	USD	3 Qtrs
Referral fees	`ReferralFees`	$312.00	USD	1 Quarter
Referral fees	`ReferralFees`	$1.24K	USD	3 Qtrs
Referral fees	`ReferralFees`	$1.23K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$550.14K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$547.77K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$183.59K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$172.42K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$874.87K	USD	3 Qtrs
Total operating costs and expenses	`OperatingCostsAndExpenses`	$271.60K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$292.00K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$739.51K	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$798.33K	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$558.19K	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$293.03K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$219.71K	USD	1 Quarter
Other income (Note 4)	`OtherNonoperatingIncome`	$20.66K	USD	3 Qtrs
Other income (Note 4)	`OtherNonoperatingIncome`	$20.66K	USD	3 Qtrs
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`	$226.60K	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$818.99K	USD	3 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$578.85K	USD	3 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$299.92K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$222.20K	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$106.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$294.00K	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$65.00K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$161.60K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$193.92K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$524.99K	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$356.65K	USD	3 Qtrs
-Basic (in dollars per share)	`EarningsPerShareBasic`	$0.12	USD	3 Qtrs
-Basic (in dollars per share)	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
-Basic (in dollars per share)	`EarningsPerShareBasic`	$0.08	USD	3 Qtrs
-Basic (in dollars per share)	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
-Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.08	USD	3 Qtrs
-Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.12	USD	3 Qtrs
-Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.05	USD	1 Quarter
-Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
-Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.32M	shares	3 Qtrs
-Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.27M	shares	3 Qtrs
-Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.26M	shares	1 Quarter
-Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.32M	shares	1 Quarter
-Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.33M	shares	3 Qtrs
-Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.29M	shares	3 Qtrs
-Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.29M	shares	1 Quarter
-Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.33M	shares	1 Quarter

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Common Stock, Dividends, Per Share, Cash Paid	`CommonStockDividendsPerShareCashPaid`	$0.01	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$161.60K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$193.92K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$524.99K	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$356.65K	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfDeferredFinancingCosts`	$32.64K	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfDeferredFinancingCosts`	$17.95K	USD	3 Qtrs
Depreciation	`DepreciationNonproduction`	$482.00	USD	3 Qtrs
Depreciation	`DepreciationNonproduction`	-	USD	3 Qtrs
Non cash compensation expense	`ShareBasedCompensationExpense`	$19.30K	USD	3 Qtrs
Non cash compensation expense	`ShareBasedCompensationExpense`	$13.53K	USD	1 Quarter
Non cash compensation expense	`ShareBasedCompensationExpense`	$11.57K	USD	1 Quarter
Non cash compensation expense	`ShareBasedCompensationExpense`	$22.05K	USD	3 Qtrs
Interest receivable on loans	`IncreaseDecreaseInAccruedInterestReceivableNet`	$34.84K	USD	3 Qtrs
Interest receivable on loans	`IncreaseDecreaseInAccruedInterestReceivableNet`	$12.87K	USD	3 Qtrs
Other current and non current assets	`IncreaseDecreaseInOtherOperatingAssets`	$37.77K	USD	3 Qtrs
Other current and non current assets	`IncreaseDecreaseInOtherOperatingAssets`	$16.30K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-46.36K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-54.35K	USD	3 Qtrs
Deferred origination fees	`IncreaseDecreaseInDeferredOriginationFees`	$-38.15K	USD	3 Qtrs
Deferred origination fees	`IncreaseDecreaseInDeferredOriginationFees`	$-15.99K	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$11.96K	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$21.47K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$312.87K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$546.27K	USD	3 Qtrs
Issuance of short term loans	`IssuanceOfShortTermLoans`	$11.15M	USD	3 Qtrs
Issuance of short term loans	`IssuanceOfShortTermLoans`	$12.02M	USD	3 Qtrs
Collections received from loans	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$10.24M	USD	3 Qtrs
Collections received from loans	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$7.87M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.27M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.78M	USD	3 Qtrs
Proceeds from loans and line of credit, net	`ProceedsFromLoansAndLineOfCredit`	$1.22M	USD	3 Qtrs
Proceeds from loans and line of credit, net	`ProceedsFromLoansAndLineOfCredit`	$2.95M	USD	3 Qtrs
Purchase of treasury shares	`PaymentsForRepurchaseOfEquity`	$99.36K	USD	3 Qtrs
Purchase of treasury shares	`PaymentsForRepurchaseOfEquity`	$2.61K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$22.54K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	-	USD	3 Qtrs
Dividend paid ($0.01 per share)	`PaymentsOfDividends`	-	USD	3 Qtrs
Dividend paid ($0.01 per share)	`PaymentsOfDividends`	$85.46K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.06M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.95M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-13.54K	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-171.65K	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$208.36K	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`	$240.69K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$69.05K	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`	$240.69K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$69.05K	USD	Point-in-time
Taxes paid during the period	`IncomeTaxesPaid`	$200.73K	USD	3 Qtrs
Taxes paid during the period	`IncomeTaxesPaid`	$282.04K	USD	3 Qtrs
Interest paid during the period	`InterestPaid`	$152.88K	USD	3 Qtrs
Interest paid during the period	`InterestPaid`	$290.84K	USD	3 Qtrs

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