10-Q Filing

MANHATTAN BRIDGE CAPITAL, INC CIK: 1080340 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001144204-14-063785`
Period End Date	20140930
Filing Date	20141030
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	loan-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 64 Cash Flow Statement 52

Balance Sheet 66 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`	$69.05K	USD	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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$60.08K	USD	Point-in-time
Short term loans receivable	`ShortTermLoansReceivable`	$10.70M	USD	Point-in-time
Short term loans receivable	`ShortTermLoansReceivable`	$17.76M	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`	$193.33K	USD	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 authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.43M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$51.72K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$18.54K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	6.24M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	6.06M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.26M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$18.07M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$11.91M	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
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`	$4.00M	USD	Point-in-time
Long term loans receivable	`LongTermLoansReceivable`	$5.24M	USD	Point-in-time
Security deposit	`SecurityDeposit`	$6.82K	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`	$16.12M	USD	Point-in-time
Total assets	`Assets`	$23.53M	USD	Point-in-time
Short term loans	`ShortTermBorrowings`	$2.32M	USD	Point-in-time
Short term loans	`ShortTermBorrowings`	$1.32M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$7.00M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$5.35M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$57.07K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$42.66K	USD	Point-in-time
Deferred origination fees	`DeferredOriginationFees`	$132.02K	USD	Point-in-time
Deferred origination fees	`DeferredOriginationFees`	$281.57K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$373.22K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Total liabilities, all current	`LiabilitiesCurrent`	$7.23M	USD	Point-in-time
Total liabilities, all current	`LiabilitiesCurrent`	$9.64M	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; 6,236,576 and 4,433,190 issued; 6,059,576 and 4,256,190 outstanding	`CommonStockValue`	$4.43K	USD	Point-in-time
Common shares - $.001 par value; 25,000,000 authorized; 6,236,576 and 4,433,190 issued; 6,059,576 and 4,256,190 outstanding	`CommonStockValue`	$6.24K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$9.75M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$14.11M	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`	$141.28K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$8.89M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$13.88M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$23.53M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$16.12M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Interest income from loans	`InterestIncomeFromLoans`	$1.37M	USD	3 Qtrs
Interest income from loans	`InterestIncomeFromLoans`	$1.66M	USD	3 Qtrs
Interest income from loans	`InterestIncomeFromLoans`	$479.12K	USD	1 Quarter
Interest income from loans	`InterestIncomeFromLoans`	$631.64K	USD	1 Quarter
Origination fees	`OriginationFees`	$105.92K	USD	1 Quarter
Origination fees	`OriginationFees`	$347.64K	USD	3 Qtrs
Origination fees	`OriginationFees`	$301.77K	USD	3 Qtrs
Origination fees	`OriginationFees`	$134.08K	USD	1 Quarter
Total Revenue	`Revenues`	$765.72K	USD	1 Quarter
Total Revenue	`Revenues`	$585.04K	USD	1 Quarter
Total Revenue	`Revenues`	$1.67M	USD	3 Qtrs
Total Revenue	`Revenues`	$2.00M	USD	3 Qtrs
Interest and amortization of debt service costs	`InterestAndAmortizationOfDebtServiceCosts`	$323.48K	USD	3 Qtrs
Interest and amortization of debt service costs	`InterestAndAmortizationOfDebtServiceCosts`	$119.27K	USD	1 Quarter
Interest and amortization of debt service costs	`InterestAndAmortizationOfDebtServiceCosts`	$383.72K	USD	3 Qtrs
Interest and amortization of debt service costs	`InterestAndAmortizationOfDebtServiceCosts`	$144.39K	USD	1 Quarter
Referral fees	`ReferralFees`	$1.24K	USD	3 Qtrs
Referral fees	`ReferralFees`	$1.05K	USD	3 Qtrs
Referral fees	`ReferralFees`	$312.00	USD	1 Quarter
Referral fees	`ReferralFees`	$665.00	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$550.14K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$554.63K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$172.42K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$202.82K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$292.00K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$347.88K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$874.87K	USD	3 Qtrs
Total operating costs and expenses	`OperatingCostsAndExpenses`	$939.40K	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$1.07M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$293.03K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$798.33K	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$417.84K	USD	1 Quarter
Other income (Note 4)	`OtherNonoperatingIncome`	$6.89K	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
Income before income tax benefit (expense)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$818.99K	USD	3 Qtrs
Income before income tax benefit (expense)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.09M	USD	3 Qtrs
Income before income tax benefit (expense)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$299.92K	USD	1 Quarter
Income before income tax benefit (expense)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$424.73K	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$294.00K	USD	3 Qtrs
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$27.71K	USD	3 Qtrs
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$106.00K	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$-4.29K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$524.99K	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$1.06M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$429.02K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$193.92K	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.23	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.12	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.08	USD	1 Quarter
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`	$0.22	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.08	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.68M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.26M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.27M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.49M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.29M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.73M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.53M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.29M	shares	3 Qtrs

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$524.99K	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$1.06M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$429.02K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$193.92K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$32.64K	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	-	USD	3 Qtrs
Non cash compensation expense	`ShareBasedCompensation`	$17.80K	USD	3 Qtrs
Non cash compensation expense	`ShareBasedCompensation`	$22.05K	USD	3 Qtrs
Interest receivable on loans	`IncreaseDecreaseInAccruedInterestReceivableNet`	$12.87K	USD	3 Qtrs
Interest receivable on loans	`IncreaseDecreaseInAccruedInterestReceivableNet`	$21.85K	USD	3 Qtrs
Other current and non current assets	`IncreaseDecreaseInOtherOperatingAssets`	$16.30K	USD	3 Qtrs
Other current and non current assets	`IncreaseDecreaseInOtherOperatingAssets`	$33.36K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-54.35K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-14.41K	USD	3 Qtrs
Deferred origination fees	`IncreaseDecreaseInDeferredOriginationFees`	$-149.55K	USD	3 Qtrs
Deferred origination fees	`IncreaseDecreaseInDeferredOriginationFees`	$-38.15K	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$11.96K	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-373.22K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$546.27K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$782.78K	USD	3 Qtrs
Issuance of short term loans	`IssuanceOfShortTermLoans`	$12.02M	USD	3 Qtrs
Issuance of short term loans	`IssuanceOfShortTermLoans`	$18.83M	USD	3 Qtrs
Collections received from loans	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$10.24M	USD	3 Qtrs
Collections received from loans	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$10.52M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-8.31M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.78M	USD	3 Qtrs
Proceeds from loans and line of credit, net	`ProceedsFromLoansAndLineOfCredit`	$2.65M	USD	3 Qtrs
Proceeds from loans and line of credit, net	`ProceedsFromLoansAndLineOfCredit`	$1.22M	USD	3 Qtrs
Proceeds from public offering, net	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	3 Qtrs
Proceeds from public offering, net	`ProceedsFromIssuanceInitialPublicOffering`	$4.29M	USD	3 Qtrs
Purchase of treasury shares	`PaymentsForRepurchaseOfEquity`	-	USD	3 Qtrs
Purchase of treasury shares	`PaymentsForRepurchaseOfEquity`	$99.36K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$22.54K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$55.23K	USD	3 Qtrs
Dividends paid	`PaymentsOfDividends`	$429.33K	USD	3 Qtrs
Dividends paid	`PaymentsOfDividends`	$85.46K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$6.56M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.06M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-171.65K	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-960.94K	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$69.05K	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`	$1.02M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$60.08K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$69.05K	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`	$60.08K	USD	Point-in-time
Taxes paid during the period	`IncomeTaxesPaid`	$415.93K	USD	3 Qtrs
Taxes paid during the period	`IncomeTaxesPaid`	$282.04K	USD	3 Qtrs
Interest paid during the period	`InterestPaid`	$383.72K	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.