10-K Filing

MANHATTAN BRIDGE CAPITAL, INC CIK: 1080340 FY 2017

Filing Information

Form Type	10-K
Accession Number	`0001493152-18-003536`
Period End Date	20171231
Filing Date	20180319
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	loan-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 34 Cash Flow Statement 60 Stockholders Equity 19

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Debt issuance costs, net (deferred financing costs)	`DeferredFinanceCostsNet`	$622.58K	USD	Point-in-time
Debt issuance costs, net (deferred financing costs)	`DeferredFinanceCostsNet`	$697.67K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Loans receivable	`LoansReceivableNet`	$34.76M	USD	Point-in-time
Loans receivable	`LoansReceivableNet`	$45.12M	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
Interest receivable on loans	`InterestReceivable`	$346.52K	USD	Point-in-time
Interest receivable on loans	`InterestReceivable`	$535.04K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$106.84K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$136.44K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$96.30K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Deferred financing costs	`DeferredFinanceCostsGross`	$56.19K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsGross`	$45.27K	USD	Point-in-time
Other assets	`OtherAssets`	$55.94K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Other assets	`OtherAssets`	$79.19K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Total assets	`Assets`	$45.90M	USD	Point-in-time
Total assets	`Assets`	$35.33M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.32M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.31M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	8.14M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	8.11M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	177,000.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	210,102.00	shares	Point-in-time
Line of credit	`LineOfCredit`	$16.91M	USD	Point-in-time
Line of credit	`LineOfCredit`	$6.48M	USD	Point-in-time
Senior secured notes (net of deferred financing costs of $622,584 and $697,669)	`SecuredDebt`	$5.38M	USD	Point-in-time
Senior secured notes (net of deferred financing costs of $622,584 and $697,669)	`SecuredDebt`	$5.30M	USD	Point-in-time
Deferred origination fees	`DeferredOriginationFees`	$298.47K	USD	Point-in-time
Deferred origination fees	`DeferredOriginationFees`	$315.41K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$167.56K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$105.54K	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$891.98K	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$813.50K	USD	Point-in-time
Total liabilities	`Liabilities`	$13.02M	USD	Point-in-time
Total liabilities	`Liabilities`	$23.65M	USD	Point-in-time
Preferred shares - $.01 par value; 5,000,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred shares - $.01 par value; 5,000,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Common shares - $.001 par value; 25,000,000 authorized; 8,319,036 and 8,312,036 issued; 8,108,934 and 8,135,036 outstanding	`CommonStockValue`	$8.32K	USD	Point-in-time
Common shares - $.001 par value; 25,000,000 authorized; 8,319,036 and 8,312,036 issued; 8,108,934 and 8,135,036 outstanding	`CommonStockValue`	$8.31K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$23.13M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$23.17M	USD	Point-in-time
Treasury stock, at cost - 210,102 and 177,000 shares	`TreasuryStockValue`	$541.49K	USD	Point-in-time
Treasury stock, at cost - 210,102 and 177,000 shares	`TreasuryStockValue`	$369.33K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-387.67K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-459.10K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$22.25M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$22.31M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$17.74M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$35.33M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$45.90M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Interest income from loans	`InterestIncomeFromLoans`	$5.02M	USD	Annual
Interest income from loans	`InterestIncomeFromLoans`	$3.85M	USD	Annual
Origination fees	`OriginationFees`	$803.47K	USD	Annual
Origination fees	`OriginationFees`	$902.95K	USD	Annual
Total Revenue	`Revenues`	$4.65M	USD	Annual
Total Revenue	`Revenues`	$5.92M	USD	Annual
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$780.12K	USD	Annual
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$1.23M	USD	Annual
Referral fees	`ReferralFees`	$8.68K	USD	Annual
Referral fees	`ReferralFees`	$3.70K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.23M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.01M	USD	Annual
Total operating costs and expenses	`OperatingCostsAndExpenses`	$2.46M	USD	Annual
Total operating costs and expenses	`OperatingCostsAndExpenses`	$1.79M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$3.46M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$2.85M	USD	Annual
Loss on write-down of investment in privately held company (Note 7)	`CostmethodInvestmentsOtherThanTemporaryImpairment`	$15.00K	USD	Annual
Loss on write-down of investment in privately held company (Note 7)	`CostmethodInvestmentsOtherThanTemporaryImpairment`	$20.00K	USD	Annual
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.44M	USD	Annual
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.84M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$2.97K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$2.15K	USD	Annual
Net income	`NetIncomeLoss`	$2.84M	USD	Annual
Net income	`NetIncomeLoss`	$3.44M	USD	Annual
--Basic	`EarningsPerShareBasic`	$0.37	USD	Annual
--Basic	`EarningsPerShareBasic`	$0.42	USD	Annual
--Diluted	`EarningsPerShareDiluted`	$0.37	USD	Annual
--Diluted	`EarningsPerShareDiluted`	$0.42	USD	Annual
--Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	8.12M	shares	Annual
--Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	7.59M	shares	Annual
--Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	7.59M	shares	1 Quarter
--Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.61M	shares	1 Quarter
--Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.61M	shares	Annual
--Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.13M	shares	Annual

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.84M	USD	Annual
Net income	`NetIncomeLoss`	$3.44M	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$129.13K	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$101.35K	USD	Annual
Depreciation	`Depreciation`	$4.59K	USD	Annual
Depreciation	`Depreciation`	$3.81K	USD	Annual
Non cash compensation expense	`ShareBasedCompensation`	$13.06K	USD	Annual
Non cash compensation expense	`ShareBasedCompensation`	$13.59K	USD	Annual
Loss on write-down of investment in privately held company (Note 7)	`CostmethodInvestmentsOtherThanTemporaryImpairment`	$15.00K	USD	Annual
Loss on write-down of investment in privately held company (Note 7)	`CostmethodInvestmentsOtherThanTemporaryImpairment`	$20.00K	USD	Annual
Interest receivable on loans	`IncreaseDecreaseInAccruedInterestReceivableNet`	$188.53K	USD	Annual
Interest receivable on loans	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-36.05K	USD	Annual
Other current and non current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-3.47K	USD	Annual
Other current and non current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-323.00	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.90K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$62.02K	USD	Annual
Deferred origination fees	`IncreaseDecreaseInDeferredOriginationFees`	$16.94K	USD	Annual
Deferred origination fees	`IncreaseDecreaseInDeferredOriginationFees`	$-35.73K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.05M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.46M	USD	Annual
Issuance of short term loans	`IssuanceOfShortTermLoans`	$36.66M	USD	Annual
Issuance of short term loans	`IssuanceOfShortTermLoans`	$37.87M	USD	Annual
Collections received from loans	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$27.50M	USD	Annual
Collections received from loans	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$32.81M	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.67K	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.02K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.37M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.85M	USD	Annual
Proceeds from (repayments of) line of credit, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$10.43M	USD	Annual
Proceeds from (repayments of) line of credit, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$-5.34M	USD	Annual
Repayments of short-term loans, net	`RepaymentsOfShortTermDebt`	-	USD	Annual
Repayments of short-term loans, net	`RepaymentsOfShortTermDebt`	$1.10M	USD	Annual
Proceeds from public stock offering, net	`ProceedsFromIssuanceInitialPublicOffering`	$4.21M	USD	Annual
Proceeds from public stock offering, net	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	Annual
Proceeds from public bond offering, net	`ProceedsFromIssuanceOfBondOffering`	$5.31M	USD	Annual
Proceeds from public bond offering, net	`ProceedsFromIssuanceOfBondOffering`	-	USD	Annual
Dividends paid	`PaymentsOfDividends`	$3.29M	USD	Annual
Dividends paid	`PaymentsOfDividends`	$2.70M	USD	Annual
Purchase of treasury shares	`PaymentsForRepurchaseOfOtherEquity`	-	USD	Annual
Purchase of treasury shares	`PaymentsForRepurchaseOfOtherEquity`	$172.16K	USD	Annual
Deferred financing costs incurred	`PaymentsOfFinancingCosts`	$43.12K	USD	Annual
Deferred financing costs incurred	`PaymentsOfFinancingCosts`	-	USD	Annual
Proceeds from exercise of stock options and warrants	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$409.79K	USD	Annual
Proceeds from exercise of stock options and warrants	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$20.44K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$791.90K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$6.95M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$40.14K	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.54K	USD	Annual
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$106.84K	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$136.44K	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$96.30K	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$106.84K	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$136.44K	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$96.30K	USD	Point-in-time
Taxes paid during the year	`IncomeTaxesPaidNet`	$2.97K	USD	Annual
Taxes paid during the year	`IncomeTaxesPaidNet`	$1.95K	USD	Annual
Interest paid during the year	`InterestPaidNet`	$691.58K	USD	Annual
Interest paid during the year	`InterestPaidNet`	$1.03M	USD	Annual
Dividend declared and payable	`DividendDeclaredAndPayable`	$891.98K	USD	Annual
Dividend declared and payable	`DividendDeclaredAndPayable`	$813.50K	USD	Annual

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$22.25M	USD	Point-in-time
Balance	`StockholdersEquity`	$22.31M	USD	Point-in-time
Balance	`StockholdersEquity`	$17.74M	USD	Point-in-time
Non cash compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$13.59K	USD	Annual
Non cash compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$13.06K	USD	Annual
Exercise of warrants	`StockIssuedDuringPeriodValueWarrantsExercised`	$409.79K	USD	Annual
Public offering	`StockIssuedDuringPeriodValueNewIssues`	$4.21M	USD	Annual
Dividends paid	`Dividends`	$-2.09M	USD	Annual
Dividends paid	`Dividends`	$-2.48M	USD	Annual
Dividends declared and payable	`DividendsCash`	$-813.50K	USD	Annual
Dividends declared and payable	`DividendsCash`	$-891.98K	USD	Annual
Purchase of treasury shares	`TreasuryStockValueAcquiredCostMethod`	$-172.16K	USD	Annual
Exercise of options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$20.44K	USD	Annual
Exercise of options, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	-7,000.00	shares	Annual
Net income	`NetIncomeLoss`	$2.84M	USD	Annual
Net income	`NetIncomeLoss`	$3.44M	USD	Annual
Balance	`StockholdersEquity`	$22.25M	USD	Point-in-time
Balance	`StockholdersEquity`	$22.31M	USD	Point-in-time
Balance	`StockholdersEquity`	$17.74M	USD	Point-in-time

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