10-Q Filing

MANHATTAN BRIDGE CAPITAL, INC CIK: 1080340 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001144204-15-061351`
Period End Date	20150930
Filing Date	20151029
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	loan-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 68 Cash Flow Statement 60

Balance Sheet 67 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`	$60.08K	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`	$47.68K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$61.14K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Short term loans receivable	`ShortTermLoansReceivable`	$15.63M	USD	Point-in-time
Short term loans receivable	`ShortTermLoansReceivable`	$19.14M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Interest receivable on loans	`InterestReceivableCurrent`	$322.58K	USD	Point-in-time
Interest receivable on loans	`InterestReceivableCurrent`	$213.77K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	6.26M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	7.40M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$54.37K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$27.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$19.43M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	6.08M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$16.07M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	7.22M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	177,000.00	shares	Point-in-time
Long term loans receivable	`LongTermLoansReceivable`	$13.51M	USD	Point-in-time
Long term loans receivable	`LongTermLoansReceivable`	$4.89M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	177,000.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$19.09K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$17.64K	USD	Point-in-time
Security deposit	`SecurityDeposit`	$6.82K	USD	Point-in-time
Security deposit	`SecurityDeposit`	$6.82K	USD	Point-in-time
Investment in privately held company	`CostMethodInvestments`	$50.00K	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
Deferred financing costs	`DeferredFinanceCostsNoncurrentNet`	$116.40K	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsNoncurrentNet`	$32.50K	USD	Point-in-time
Total assets	`Assets`	$29.77M	USD	Point-in-time
Total assets	`Assets`	$24.44M	USD	Point-in-time
Short term loans	`ShortTermBorrowings`	$1.10M	USD	Point-in-time
Short term loans	`ShortTermBorrowings`	$2.47M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$7.70M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$10.10M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$89.59K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$163.62K	USD	Point-in-time
Deferred origination fees	`DeferredOriginationFees`	$244.78K	USD	Point-in-time
Deferred origination fees	`DeferredOriginationFees`	$249.13K	USD	Point-in-time
Total liabilities, all current	`LiabilitiesCurrent`	$11.53M	USD	Point-in-time
Total liabilities, all current	`LiabilitiesCurrent`	$10.58M	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; 7,401,489 and 6,260,689 issued; 7,224,489 and 6,083,689 outstanding	`CommonStockValue`	$7.40K	USD	Point-in-time
Common shares - $.001 par value; 25,000,000 authorized; 7,401,489 and 6,260,689 issued; 7,224,489 and 6,083,689 outstanding	`CommonStockValue`	$6.26K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$14.12M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$18.40M	USD	Point-in-time
Treasury stock, at cost - 177,000	`TreasuryStockValue`	$369.33K	USD	Point-in-time
Treasury stock, at cost - 177,000	`TreasuryStockValue`	$369.33K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$207.17K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$113.35K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$18.24M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$13.87M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$29.77M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$24.44M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Interest income from loans	`InterestIncomeFromLoans`	$1.66M	USD	3 Qtrs
Interest income from loans	`InterestIncomeFromLoans`	$871.25K	USD	1 Quarter
Interest income from loans	`InterestIncomeFromLoans`	$2.39M	USD	3 Qtrs
Interest income from loans	`InterestIncomeFromLoans`	$631.64K	USD	1 Quarter
Origination fees	`OriginationFees`	$347.64K	USD	3 Qtrs
Origination fees	`OriginationFees`	$463.09K	USD	3 Qtrs
Origination fees	`OriginationFees`	$134.08K	USD	1 Quarter
Origination fees	`OriginationFees`	$160.46K	USD	1 Quarter
Total Revenue	`Revenues`	$765.72K	USD	1 Quarter
Total Revenue	`Revenues`	$1.03M	USD	1 Quarter
Total Revenue	`Revenues`	$2.00M	USD	3 Qtrs
Total Revenue	`Revenues`	$2.86M	USD	3 Qtrs
Interest and amortization of debt service costs	`InterestAndAmortizationOfDebtServiceCosts`	$159.88K	USD	1 Quarter
Interest and amortization of debt service costs	`InterestAndAmortizationOfDebtServiceCosts`	$383.72K	USD	3 Qtrs
Interest and amortization of debt service costs	`InterestAndAmortizationOfDebtServiceCosts`	$493.65K	USD	3 Qtrs
Interest and amortization of debt service costs	`InterestAndAmortizationOfDebtServiceCosts`	$144.39K	USD	1 Quarter
Referral fees	`ReferralFees`	$3.26K	USD	3 Qtrs
Referral fees	`ReferralFees`	$665.00	USD	1 Quarter
Referral fees	`ReferralFees`	$1.05K	USD	3 Qtrs
Referral fees	`ReferralFees`	$948.00	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$229.87K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$554.63K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$696.46K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$202.82K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$390.70K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$939.40K	USD	3 Qtrs
Total operating costs and expenses	`OperatingCostsAndExpenses`	$1.19M	USD	3 Qtrs
Total operating costs and expenses	`OperatingCostsAndExpenses`	$347.88K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.07M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$641.01K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$417.84K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.66M	USD	3 Qtrs
Other income (Note 4)	`OtherNonoperatingIncome`	$20.66K	USD	3 Qtrs
Other income (Note 4)	`OtherNonoperatingIncome`	-	USD	3 Qtrs
Other income (Note 4)	`OtherNonoperatingIncome`	-	USD	1 Quarter
Other income (Note 4)	`OtherNonoperatingIncome`	$6.89K	USD	1 Quarter
Loss on write-down of investment in privately held company (Note 5)	`CostmethodInvestmentsOtherThanTemporaryImpairment`	-	USD	3 Qtrs
Loss on write-down of investment in privately held company (Note 5)	`CostmethodInvestmentsOtherThanTemporaryImpairment`	-	USD	1 Quarter
Loss on write-down of investment in privately held company (Note 5)	`CostmethodInvestmentsOtherThanTemporaryImpairment`	-	USD	1 Quarter
Loss on write-down of investment in privately held company (Note 5)	`CostmethodInvestmentsOtherThanTemporaryImpairment`	$15.00K	USD	3 Qtrs
Income before income tax (expense) benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.09M	USD	3 Qtrs
Income before income tax (expense) benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.65M	USD	3 Qtrs
Income before income tax (expense) benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$641.01K	USD	1 Quarter
Income before income tax (expense) benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$424.73K	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$2.00K	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$27.71K	USD	3 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-4.29K	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$2.00K	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$1.06M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$639.00K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$1.65M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$429.02K	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.08	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.25	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.23	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.09	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.22	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.25	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`	6.60M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.22M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.49M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.53M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.26M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.64M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.73M	shares	3 Qtrs

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$1.06M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$639.00K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$1.65M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$429.02K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	-	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$27.50K	USD	3 Qtrs
Depreciation	`Depreciation`	-	USD	3 Qtrs
Depreciation	`Depreciation`	$4.93K	USD	3 Qtrs
Non cash compensation expense	`ShareBasedCompensation`	$10.25K	USD	3 Qtrs
Non cash compensation expense	`ShareBasedCompensation`	$17.80K	USD	3 Qtrs
Loss on write-down of investment in privately held company (Note 5)	`CostmethodInvestmentsOtherThanTemporaryImpairment`	-	USD	3 Qtrs
Loss on write-down of investment in privately held company (Note 5)	`CostmethodInvestmentsOtherThanTemporaryImpairment`	-	USD	1 Quarter
Loss on write-down of investment in privately held company (Note 5)	`CostmethodInvestmentsOtherThanTemporaryImpairment`	-	USD	1 Quarter
Loss on write-down of investment in privately held company (Note 5)	`CostmethodInvestmentsOtherThanTemporaryImpairment`	$15.00K	USD	3 Qtrs
Interest receivable on loans	`IncreaseDecreaseInAccruedInterestReceivableNet`	$21.85K	USD	3 Qtrs
Interest receivable on loans	`IncreaseDecreaseInAccruedInterestReceivableNet`	$108.81K	USD	3 Qtrs
Other current and non current assets	`IncreaseDecreaseInOtherOperatingAssets`	$27.38K	USD	3 Qtrs
Other current and non current assets	`IncreaseDecreaseInOtherOperatingAssets`	$33.36K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-14.41K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-74.03K	USD	3 Qtrs
Deferred origination fees	`IncreaseDecreaseInDeferredOriginationFees`	$-4.36K	USD	3 Qtrs
Deferred origination fees	`IncreaseDecreaseInDeferredOriginationFees`	$-149.55K	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-373.22K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$782.78K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.50M	USD	3 Qtrs
Issuance of short term loans	`IssuanceOfShortTermLoans`	$15.35M	USD	3 Qtrs
Issuance of short term loans	`IssuanceOfShortTermLoans`	$18.83M	USD	3 Qtrs
Collections received from loans	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$10.23M	USD	3 Qtrs
Collections received from loans	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$10.52M	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.47K	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-8.31M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-5.12M	USD	3 Qtrs
Proceeds from loans and line of credit, net	`ProceedsFromLinesOfCredit`	$1.02M	USD	3 Qtrs
Proceeds from loans and line of credit, net	`ProceedsFromLinesOfCredit`	$2.65M	USD	3 Qtrs
Proceeds from public offering, net	`ProceedsFromIssuanceOfCommonStock`	$4.24M	USD	3 Qtrs
Proceeds from public offering, net	`ProceedsFromIssuanceOfCommonStock`	$4.29M	USD	3 Qtrs
Deferred financing costs	`PaymentsOfFinancingCosts`	-	USD	3 Qtrs
Deferred financing costs	`PaymentsOfFinancingCosts`	$111.40K	USD	3 Qtrs
Proceeds from exercise of stock options and warrants	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$32.84K	USD	3 Qtrs
Proceeds from exercise of stock options and warrants	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$55.23K	USD	3 Qtrs
Dividends paid	`PaymentsOfDividends`	$1.55M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividends`	$429.33K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$3.63M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$6.56M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-960.94K	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$13.47K	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$60.08K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$47.68K	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`	$61.14K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$60.08K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$47.68K	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`	$61.14K	USD	Point-in-time
Taxes paid during the period	`IncomeTaxesPaid`	$29.00	USD	3 Qtrs
Taxes paid during the period	`IncomeTaxesPaid`	$415.93K	USD	3 Qtrs
Interest paid during the period	`InterestPaid`	$423.65K	USD	3 Qtrs
Interest paid during the period	`InterestPaid`	$383.72K	USD	3 Qtrs

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