10-Q Filing

MANHATTAN BRIDGE CAPITAL, INC CIK: 1080340 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001493152-18-005176`
Period End Date	20180331
Filing Date	20180416
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	loan-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 24 Cash Flow Statement 44

Balance Sheet 60 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`	$603.81K	USD	Point-in-time
Loans receivable	`LoansReceivableNet`	$46.06M	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`	$45.12M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Interest receivable on loans	`InterestReceivable`	$535.04K	USD	Point-in-time
Interest receivable on loans	`InterestReceivable`	$497.98K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$120.66K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$136.44K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$185.53K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$96.30K	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsGross`	$34.30K	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
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	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`	$81.88K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Total assets	`Assets`	$46.86M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.32M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.32M	shares	Point-in-time
Total assets	`Assets`	$45.90M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	8.11M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	8.11M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	210,102.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	210,102.00	shares	Point-in-time
Line of credit	`LineOfCredit`	$17.76M	USD	Point-in-time
Line of credit	`LineOfCredit`	$16.91M	USD	Point-in-time
Senior secured notes (net of deferred financing costs of $603,813 and $622,584)	`SecuredDebt`	$5.38M	USD	Point-in-time
Senior secured notes (net of deferred financing costs of $603,813 and $622,584)	`SecuredDebt`	$5.40M	USD	Point-in-time
Deferred origination fees	`DeferredOriginationFees`	$320.72K	USD	Point-in-time
Deferred origination fees	`DeferredOriginationFees`	$298.47K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$144.27K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$167.56K	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$891.98K	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$23.65M	USD	Point-in-time
Total liabilities	`Liabilities`	$23.63M	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; 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 shares authorized; 8,319,036 issued; 8,108,934 outstanding	`CommonStockValue`	$8.32K	USD	Point-in-time
Common shares - $.001 par value; 25,000,000 shares authorized; 8,319,036 issued; 8,108,934 outstanding	`CommonStockValue`	$8.32K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$23.17M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$23.17M	USD	Point-in-time
Treasury stock, at cost - 210,102 shares	`TreasuryStockValue`	$541.49K	USD	Point-in-time
Treasury stock, at cost - 210,102 shares	`TreasuryStockValue`	$541.49K	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$593.25K	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-387.67K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$23.23M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$22.25M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$45.90M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$46.86M	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Interest income from loans	`InterestIncomeFromLoans`	$1.43M	USD	1 Quarter
Interest income from loans	`InterestIncomeFromLoans`	$1.11M	USD	1 Quarter
Origination fees	`OriginationFees`	$223.43K	USD	1 Quarter
Origination fees	`OriginationFees`	$235.23K	USD	1 Quarter
Total revenue	`Revenues`	$1.66M	USD	1 Quarter
Total revenue	`Revenues`	$1.33M	USD	1 Quarter
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$231.58K	USD	1 Quarter
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$397.70K	USD	1 Quarter
Referral fees	`ReferralFees`	$333.00	USD	1 Quarter
Referral fees	`ReferralFees`	$1.36K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$305.51K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$285.52K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$538.46K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$683.56K	USD	1 Quarter
Net income	`NetIncomeLoss`	$791.15K	USD	1 Quarter
Net income	`NetIncomeLoss`	$980.92K	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.10	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.12	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.10	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.12	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	8.11M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	8.14M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.12M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.16M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$791.15K	USD	1 Quarter
Net income	`NetIncomeLoss`	$980.92K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$30.81K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$29.74K	USD	1 Quarter
Depreciation	`Depreciation`	$1.06K	USD	1 Quarter
Depreciation	`Depreciation`	$1.15K	USD	1 Quarter
Non cash compensation expense	`ShareBasedCompensation`	$3.27K	USD	1 Quarter
Non cash compensation expense	`ShareBasedCompensation`	$3.27K	USD	1 Quarter
Interest receivable on loans	`IncreaseDecreaseInAccruedInterestReceivableNet`	$38.65K	USD	1 Quarter
Interest receivable on loans	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-37.07K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$27.09K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$20.59K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-23.29K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-22.93K	USD	1 Quarter
Deferred origination fees	`IncreaseDecreaseInDeferredOriginationFees`	$-22.25K	USD	1 Quarter
Deferred origination fees	`IncreaseDecreaseInDeferredOriginationFees`	$-10.61K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.02M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$754.73K	USD	1 Quarter
Issuance of short term loans	`IssuanceOfShortTermLoans`	$11.00M	USD	1 Quarter
Issuance of short term loans	`IssuanceOfShortTermLoans`	$9.56M	USD	1 Quarter
Collections received from loans	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$10.07M	USD	1 Quarter
Collections received from loans	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$9.11M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-932.50K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-449.00K	USD	1 Quarter
Proceeds from line of credit, net	`ProceedsFromLinesOfCredit`	$734.20K	USD	1 Quarter
Proceeds from line of credit, net	`ProceedsFromLinesOfCredit`	$849.56K	USD	1 Quarter
Dividend paid	`PaymentsOfDividends`	$891.98K	USD	1 Quarter
Dividend paid	`PaymentsOfDividends`	$813.50K	USD	1 Quarter
Cash restricted for reduction of line of credit	`CashRestrictedForReductionOfLineOfCredit`	$202.06K	USD	1 Quarter
Cash restricted for reduction of line of credit	`CashRestrictedForReductionOfLineOfCredit`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-281.37K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-42.42K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$24.36K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$49.09K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$120.66K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$136.44K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$185.53K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$96.30K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$120.66K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$136.44K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$185.53K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$96.30K	USD	Point-in-time
Interest paid during the period	`InterestPaidNet`	$192.23K	USD	1 Quarter
Interest paid during the period	`InterestPaidNet`	$364.29K	USD	1 Quarter

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