10-Q Filing

MANHATTAN BRIDGE CAPITAL, INC CIK: 1080340 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001144204-14-026724`
Period End Date	20140331
Filing Date	20140501
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	loan-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 32 Cash Flow Statement 50

Balance Sheet 68 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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$931.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$236.51K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.02M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$240.69K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Short term loans receivable	`ShortTermLoansReceivable`	$10.70M	USD	Point-in-time
Short term loans receivable	`ShortTermLoansReceivable`	$12.52M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Interest receivable on loans	`InterestReceivableCurrent`	$171.48K	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
Interest receivable on loans	`InterestReceivableCurrent`	$188.35K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$34.29K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.43M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$18.54K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.43M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.26M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$12.74M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.26M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$11.91M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	177,000.00	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`	177,000.00	shares	Point-in-time
Long term loans receivable	`LongTermLoansReceivable`	$3.06M	USD	Point-in-time
Long term loans receivable	`LongTermLoansReceivable`	$4.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$17.50K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	-	USD	Point-in-time
Security deposit	`SecurityDeposit`	$6.64K	USD	Point-in-time
Security deposit	`SecurityDeposit`	$6.64K	USD	Point-in-time
Investment in privately held company	`CostMethodInvestments`	$65.00K	USD	Point-in-time
Investment in privately held company	`CostMethodInvestments`	$65.00K	USD	Point-in-time
Total assets	`Assets`	$16.04M	USD	Point-in-time
Total assets	`Assets`	$16.12M	USD	Point-in-time
Short term loans	`ShortTermBorrowings`	$1.32M	USD	Point-in-time
Short term loans	`ShortTermBorrowings`	$1.32M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$5.30M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$5.35M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$17.47K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$57.07K	USD	Point-in-time
Deferred origination fees	`DeferredOriginationFees`	$123.51K	USD	Point-in-time
Deferred origination fees	`DeferredOriginationFees`	$132.02K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$213.22K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$373.22K	USD	Point-in-time
Total liabilities, all current	`LiabilitiesCurrent`	$6.97M	USD	Point-in-time
Total liabilities, all current	`LiabilitiesCurrent`	$7.23M	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments	`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 issued; 4,256,190 outstanding	`CommonStockValue`	$4.43K	USD	Point-in-time
Common shares - $.001 par value; 25,000,000 authorized; 4,433,190 issued; 4,256,190 outstanding	`CommonStockValue`	$4.43K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$9.75M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$9.75M	USD	Point-in-time
Treasury stock, at cost - 177,000 shares	`TreasuryStockValue`	$369.33K	USD	Point-in-time
Treasury stock, at cost - 177,000 shares	`TreasuryStockValue`	$369.33K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-487.66K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-321.95K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$8.89M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$9.06M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$16.12M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$16.04M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Interest income from loans	`InterestIncomeFromLoans`	$507.37K	USD	1 Quarter
Interest income from loans	`InterestIncomeFromLoans`	$444.78K	USD	1 Quarter
Origination fees	`OriginationFees`	$89.58K	USD	1 Quarter
Origination fees	`OriginationFees`	$101.54K	USD	1 Quarter
Total revenue	`Revenues`	$608.91K	USD	1 Quarter
Total revenue	`Revenues`	$534.36K	USD	1 Quarter
Interest and amortization of debt service costs	`InterestAndAmortizationOfDebtServiceCosts`	$116.42K	USD	1 Quarter
Interest and amortization of debt service costs	`InterestAndAmortizationOfDebtServiceCosts`	$102.65K	USD	1 Quarter
Referral fees	`ReferralFees`	$109.00	USD	1 Quarter
Referral fees	`ReferralFees`	$596.00	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$172.87K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$176.00K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$292.53K	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`	$316.38K	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`	$323.27K	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$265.14K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$92.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$115.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$173.14K	USD	1 Quarter
Net income	`NetIncomeLoss`	$208.27K	USD	1 Quarter
-Basic (in dollars per share)	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
-Basic (in dollars per share)	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
-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`	4.26M	shares	1 Quarter
-Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.28M	shares	1 Quarter
-Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.29M	shares	1 Quarter
-Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.30M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$173.14K	USD	1 Quarter
Net income	`NetIncomeLoss`	$208.27K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$13.10K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	-	USD	1 Quarter
Non cash compensation expense	`ShareBasedCompensation`	$3.42K	USD	1 Quarter
Non cash compensation expense	`ShareBasedCompensation`	$3.42K	USD	1 Quarter
Interest receivable on loans	`IncreaseDecreaseInAccruedInterestReceivableNet`	$16.86K	USD	1 Quarter
Interest receivable on loans	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-12.69K	USD	1 Quarter
Other current and non current assets	`IncreaseDecreaseInOtherOperatingAssets`	$22.66K	USD	1 Quarter
Other current and non current assets	`IncreaseDecreaseInOtherOperatingAssets`	$15.75K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-12.77K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-39.60K	USD	1 Quarter
Deferred origination fees	`IncreaseDecreaseInDeferredOriginationFees`	$6.21K	USD	1 Quarter
Deferred origination fees	`IncreaseDecreaseInDeferredOriginationFees`	$8.50K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-182.12K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-160.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-21.41K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-29.03K	USD	1 Quarter
Issuance of short term loans	`IssuanceOfShortTermLoans`	$2.85M	USD	1 Quarter
Issuance of short term loans	`IssuanceOfShortTermLoans`	$4.77M	USD	1 Quarter
Collections received from loans	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$3.94M	USD	1 Quarter
Collections received from loans	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$3.89M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-881.00K	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$1.09M	USD	1 Quarter
Repayments of loans and line of credit, net	`ProceedsFromLoansAndLineOfCredit`	$-50.00K	USD	1 Quarter
Repayments of 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
Capital raising costs	`PaymentsOfStockIssuanceCosts`	$17.50K	USD	1 Quarter
Capital raising costs	`PaymentsOfStockIssuanceCosts`	-	USD	1 Quarter
Dividend paid	`PaymentsOfDividends`	$42.56K	USD	1 Quarter
Dividend paid	`PaymentsOfDividends`	-	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$4.69K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-110.06K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.07M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.18K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.02M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$931.00	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$236.51K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.02M	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`	$931.00	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`	$1.02M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$240.69K	USD	Point-in-time
Taxes paid during the period	`IncomeTaxesPaid`	$274.12K	USD	1 Quarter
Taxes paid during the period	`IncomeTaxesPaid`	$275.00K	USD	1 Quarter
Interest paid during the period	`InterestPaid`	$116.42K	USD	1 Quarter
Interest paid during the period	`InterestPaid`	$89.54K	USD	1 Quarter

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