10-Q Filing

MANHATTAN BRIDGE CAPITAL, INC CIK: 1080340 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001144204-14-049079`
Period End Date	20140630
Filing Date	20140813
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	loan-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 64 Cash Flow Statement 52

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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$240.69K	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$135.50K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.09M	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
Short term loans receivable	`ShortTermLoansReceivable`	$11.42M	USD	Point-in-time
Short term loans receivable	`ShortTermLoansReceivable`	$10.70M	USD	Point-in-time
Interest receivable on loans	`InterestReceivableCurrent`	$200.25K	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`	$171.48K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.43M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$50.43K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.48M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$18.54K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$11.80M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.31M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$11.91M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.26M	shares	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
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`	$5.50M	USD	Point-in-time
Long term loans receivable	`LongTermLoansReceivable`	$4.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$204.43K	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`	$17.73M	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`	$5.35M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$6.60M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$57.07K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$49.42K	USD	Point-in-time
Deferred origination fees	`DeferredOriginationFees`	$132.02K	USD	Point-in-time
Deferred origination fees	`DeferredOriginationFees`	$174.89K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$130.22K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$373.22K	USD	Point-in-time
Total liabilities, all current	`LiabilitiesCurrent`	$7.23M	USD	Point-in-time
Total liabilities, all current	`LiabilitiesCurrent`	$8.27M	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; 4,482,190 and 4,433,190 issued; 4,305,190 and 4,256,190 outstanding	`CommonStockValue`	$4.43K	USD	Point-in-time
Common shares - $.001 par value; 25,000,000 authorized; 4,482,190 and 4,433,190 issued; 4,305,190 and 4,256,190 outstanding	`CommonStockValue`	$4.48K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$9.81M	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
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-487.66K	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$13.62K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$9.46M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$8.89M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$16.12M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$17.73M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Interest income from loans	`InterestIncomeFromLoans`	$518.07K	USD	1 Quarter
Interest income from loans	`InterestIncomeFromLoans`	$447.52K	USD	1 Quarter
Interest income from loans	`InterestIncomeFromLoans`	$1.03M	USD	2 Qtrs
Interest income from loans	`InterestIncomeFromLoans`	$892.30K	USD	2 Qtrs
Origination fees	`OriginationFees`	$195.85K	USD	2 Qtrs
Origination fees	`OriginationFees`	$112.02K	USD	1 Quarter
Origination fees	`OriginationFees`	$213.56K	USD	2 Qtrs
Origination fees	`OriginationFees`	$106.27K	USD	1 Quarter
Total Revenue	`Revenues`	$553.79K	USD	1 Quarter
Total Revenue	`Revenues`	$630.08K	USD	1 Quarter
Total Revenue	`Revenues`	$1.24M	USD	2 Qtrs
Total Revenue	`Revenues`	$1.09M	USD	2 Qtrs
Interest and amortization of debt service costs	`InterestAndAmortizationOfDebtServiceCosts`	$204.21K	USD	2 Qtrs
Interest and amortization of debt service costs	`InterestAndAmortizationOfDebtServiceCosts`	$122.91K	USD	1 Quarter
Interest and amortization of debt service costs	`InterestAndAmortizationOfDebtServiceCosts`	$239.33K	USD	2 Qtrs
Interest and amortization of debt service costs	`InterestAndAmortizationOfDebtServiceCosts`	$101.56K	USD	1 Quarter
Referral fees	`ReferralFees`	$334.00	USD	1 Quarter
Referral fees	`ReferralFees`	$929.00	USD	2 Qtrs
Referral fees	`ReferralFees`	$275.00	USD	1 Quarter
Referral fees	`ReferralFees`	$384.00	USD	2 Qtrs
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`	$175.81K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$351.81K	USD	2 Qtrs
Total operating costs and expenses	`OperatingCostsAndExpenses`	$306.75K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$298.99K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$591.52K	USD	2 Qtrs
Total operating costs and expenses	`OperatingCostsAndExpenses`	$582.86K	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`	$647.47K	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$331.09K	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
Other income (Note 4)	`OtherNonoperatingIncome`	$6.89K	USD	1 Quarter
Income before income tax benefit (expense)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$519.07K	USD	2 Qtrs
Income before income tax benefit (expense)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$253.93K	USD	1 Quarter
Income before income tax benefit (expense)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$337.98K	USD	1 Quarter
Income before income tax benefit (expense)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$661.25K	USD	2 Qtrs
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$32.00K	USD	2 Qtrs
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$188.00K	USD	2 Qtrs
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$96.00K	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$-83.00K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$331.07K	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$629.25K	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$157.93K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$420.98K	USD	1 Quarter
-Basic (in dollars per share)	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
-Basic (in dollars per share)	`EarningsPerShareBasic`	$0.08	USD	2 Qtrs
-Basic (in dollars per share)	`EarningsPerShareBasic`	$0.15	USD	2 Qtrs
-Basic (in dollars per share)	`EarningsPerShareBasic`	$0.10	USD	1 Quarter
-Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
-Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.15	USD	2 Qtrs
-Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.10	USD	1 Quarter
-Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.08	USD	2 Qtrs
-Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.27M	shares	2 Qtrs
-Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.27M	shares	1 Quarter
-Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.28M	shares	1 Quarter
-Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.28M	shares	2 Qtrs
-Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.29M	shares	2 Qtrs
-Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.32M	shares	1 Quarter
-Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.29M	shares	1 Quarter
-Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.30M	shares	2 Qtrs

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$331.07K	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$629.25K	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$157.93K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$420.98K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$23.54K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	-	USD	2 Qtrs
Non cash compensation expense	`ShareBasedCompensation`	$6.83K	USD	2 Qtrs
Non cash compensation expense	`ShareBasedCompensation`	$8.52K	USD	2 Qtrs
Interest receivable on loans	`IncreaseDecreaseInAccruedInterestReceivableNet`	$76.00	USD	2 Qtrs
Interest receivable on loans	`IncreaseDecreaseInAccruedInterestReceivableNet`	$28.76K	USD	2 Qtrs
Other current and non current assets	`IncreaseDecreaseInOtherOperatingAssets`	$31.89K	USD	2 Qtrs
Other current and non current assets	`IncreaseDecreaseInOtherOperatingAssets`	$32.20K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-7.65K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-50.64K	USD	2 Qtrs
Deferred origination fees	`IncreaseDecreaseInDeferredOriginationFees`	$-54.52K	USD	2 Qtrs
Deferred origination fees	`IncreaseDecreaseInDeferredOriginationFees`	$-42.87K	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-243.00K	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-86.12K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$367.65K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$248.61K	USD	2 Qtrs
Issuance of short term loans	`IssuanceOfShortTermLoans`	$9.76M	USD	2 Qtrs
Issuance of short term loans	`IssuanceOfShortTermLoans`	$8.43M	USD	2 Qtrs
Collections received from loans	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$7.54M	USD	2 Qtrs
Collections received from loans	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$7.87M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.23M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-558.63K	USD	2 Qtrs
Proceeds from loans and line of credit, net	`ProceedsFromLoansAndLineOfCredit`	$1.25M	USD	2 Qtrs
Proceeds from loans and line of credit, net	`ProceedsFromLoansAndLineOfCredit`	$1.26M	USD	2 Qtrs
Purchase of treasury shares	`PaymentsForRepurchaseOfEquity`	-	USD	2 Qtrs
Purchase of treasury shares	`PaymentsForRepurchaseOfEquity`	$76.05K	USD	2 Qtrs
Capital raising costs	`PaymentsOfStockIssuanceCosts`	$204.43K	USD	2 Qtrs
Capital raising costs	`PaymentsOfStockIssuanceCosts`	-	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$22.54K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$55.23K	USD	2 Qtrs
Dividend paid	`PaymentsOfDividends`	$42.79K	USD	2 Qtrs
Dividend paid	`PaymentsOfDividends`	$127.97K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$972.84K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.16M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$853.68K	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-885.53K	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$240.69K	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`	$135.50K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.09M	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`	$1.02M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$135.50K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.09M	USD	Point-in-time
Taxes paid during the period	`IncomeTaxesPaid`	$274.12K	USD	2 Qtrs
Taxes paid during the period	`IncomeTaxesPaid`	$275.00K	USD	2 Qtrs
Interest paid during the period	`InterestPaid`	$239.33K	USD	2 Qtrs
Interest paid during the period	`InterestPaid`	$180.67K	USD	2 Qtrs

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