10-K Filing

MANHATTAN BRIDGE CAPITAL, INC CIK: 1080340 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001493152-19-003521`
Period End Date	20181231
Filing Date	20190318
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	loan-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 34 Cash Flow Statement 56 Stockholders Equity 20

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Debt issuance costs, net (deferred financing costs)	`DeferredFinanceCostsNet`	$547.50K	USD	Point-in-time
Debt issuance costs, net (deferred financing costs)	`DeferredFinanceCostsNet`	$622.58K	USD	Point-in-time
Loans receivable	`NotesReceivableNet`	$54.84M	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	`NotesReceivableNet`	$45.12M	USD	Point-in-time
Interest receivable on loans	`InterestReceivable`	$535.04K	USD	Point-in-time
Interest receivable on loans	`InterestReceivable`	$596.78K	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	`Cash`	$136.44K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash	`Cash`	$203.68K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	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
Cash - restricted	`RestrictedCash`	$151.38K	USD	Point-in-time
Cash - restricted	`RestrictedCash`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Deferred financing costs	`DeferredFinanceCostsGross`	$45.27K	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsGross`	$42.04K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.87M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.32M	shares	Point-in-time
Other assets	`OtherAssets`	$55.94K	USD	Point-in-time
Other assets	`OtherAssets`	$73.13K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	8.11M	shares	Point-in-time
Total assets	`Assets`	$55.90M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.66M	shares	Point-in-time
Total assets	`Assets`	$45.90M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	210,102.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	218,214.00	shares	Point-in-time
Line of credit	`LineOfCredit`	$16.62M	USD	Point-in-time
Line of credit	`LineOfCredit`	$16.91M	USD	Point-in-time
Senior secured notes (net of deferred financing costs of $547,499 and $622,584)	`SecuredDebt`	$5.38M	USD	Point-in-time
Senior secured notes (net of deferred financing costs of $547,499 and $622,584)	`SecuredDebt`	$5.45M	USD	Point-in-time
Deferred origination fees	`DeferredOriginationFees`	$298.47K	USD	Point-in-time
Deferred origination fees	`DeferredOriginationFees`	$404.68K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$183.72K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$167.56K	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$1.16M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$891.98K	USD	Point-in-time
Total liabilities	`Liabilities`	$23.82M	USD	Point-in-time
Total liabilities	`Liabilities`	$23.65M	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 authorized; 9,874,191 and 8,319,036 issued; 9,655,977 and 8,108,934 outstanding	`CommonStockValue`	$9.87K	USD	Point-in-time
Common shares - $.001 par value; 25,000,000 authorized; 9,874,191 and 8,319,036 issued; 9,655,977 and 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`	$33.11M	USD	Point-in-time
Treasury stock, at cost - 218,214 and 210,102 shares	`TreasuryStockValue`	$541.49K	USD	Point-in-time
Treasury stock, at cost - 218,214 and 210,102 shares	`TreasuryStockValue`	$590.23K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-387.67K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-448.80K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$22.25M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$32.08M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$22.31M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$45.90M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$55.90M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Interest income from loans	`InterestIncomeFromLoans`	$6.17M	USD	Annual
Interest income from loans	`InterestIncomeFromLoans`	$5.02M	USD	Annual
Origination fees	`OriginationFees`	$1.06M	USD	Annual
Origination fees	`OriginationFees`	$902.95K	USD	Annual
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$5.92M	USD	Annual
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$7.22M	USD	Annual
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$1.23M	USD	Annual
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$1.70M	USD	Annual
Referral fees	`ReferralFees`	$1.71K	USD	Annual
Referral fees	`ReferralFees`	$3.70K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.32M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.23M	USD	Annual
Total operating costs and expenses	`OperatingCostsAndExpenses`	$3.02M	USD	Annual
Total operating costs and expenses	`OperatingCostsAndExpenses`	$2.46M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$4.20M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$3.46M	USD	Annual
Other income	`OtherIncome`	-	USD	Annual
Other income	`OtherIncome`	$3.00K	USD	Annual
Loss on write-down of investment in privately held company	`CostmethodInvestmentsOtherThanTemporaryImpairment`	-	USD	Annual
Loss on write-down of investment in privately held company	`CostmethodInvestmentsOtherThanTemporaryImpairment`	$20.00K	USD	Annual
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.44M	USD	Annual
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.21M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$2.97K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$642.00	USD	Annual
Net income	`NetIncomeLoss`	$3.44M	USD	Annual
Net income	`NetIncomeLoss`	$4.20M	USD	Annual
-Basic	`EarningsPerShareBasic`	$0.42	USD	Annual
-Basic	`EarningsPerShareBasic`	$0.48	USD	Annual
-Diluted	`EarningsPerShareDiluted`	$0.48	USD	Annual
-Diluted	`EarningsPerShareDiluted`	$0.42	USD	Annual
-Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	8.12M	shares	Annual
-Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	8.79M	shares	Annual
-Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.80M	shares	Annual
-Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.13M	shares	Annual

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$3.44M	USD	Annual
Net income	`NetIncomeLoss`	$4.20M	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$98.69K	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$129.13K	USD	Annual
Depreciation	`Depreciation`	$3.71K	USD	Annual
Depreciation	`Depreciation`	$4.59K	USD	Annual
Non cash compensation expense	`ShareBasedCompensation`	$13.06K	USD	Annual
Non cash compensation expense	`ShareBasedCompensation`	$13.06K	USD	Annual
Loss on write-down of investment in privately held company	`CostmethodInvestmentsOtherThanTemporaryImpairment`	-	USD	Annual
Loss on write-down of investment in privately held company	`CostmethodInvestmentsOtherThanTemporaryImpairment`	$20.00K	USD	Annual
Interest receivable on loans	`IncreaseDecreaseInAccruedInterestReceivableNet`	$61.73K	USD	Annual
Interest receivable on loans	`IncreaseDecreaseInAccruedInterestReceivableNet`	$188.53K	USD	Annual
Other current and non current assets	`IncreaseDecreaseInOtherOperatingAssets`	$19.75K	USD	Annual
Other current and non current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-323.00	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$16.16K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$62.02K	USD	Annual
Deferred origination fees	`IncreaseDecreaseInDeferredOriginationFees`	$-106.20K	USD	Annual
Deferred origination fees	`IncreaseDecreaseInDeferredOriginationFees`	$16.94K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.36M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.46M	USD	Annual
Issuance of short term loans	`IssuanceOfShortTermLoans`	$-51.86M	USD	Annual
Issuance of short term loans	`IssuanceOfShortTermLoans`	$-37.87M	USD	Annual
Collections received from loans	`ProceedsFromCollectionOfLoansReceivable`	$42.15M	USD	Annual
Collections received from loans	`ProceedsFromCollectionOfLoansReceivable`	$27.50M	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.67K	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.15K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.37M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.71M	USD	Annual
Proceeds from public offering, net	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	Annual
Proceeds from public offering, net	`ProceedsFromIssuanceInitialPublicOffering`	$9.88M	USD	Annual
(Repayments of) proceeds from line of credit, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$10.43M	USD	Annual
(Repayments of) proceeds from line of credit, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$-292.45K	USD	Annual
Dividends paid	`PaymentsOfDividends`	$4.00M	USD	Annual
Dividends paid	`PaymentsOfDividends`	$3.29M	USD	Annual
Proceeds from exercise of stock options and warrants	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$48.73K	USD	Annual
Proceeds from exercise of stock options and warrants	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$20.44K	USD	Annual
Purchase of treasury shares	`PaymentsForRepurchaseOfOtherEquity`	$48.74K	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`	$20.38K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$6.95M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.57M	USD	Annual
Net increase in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$40.14K	USD	Annual
Net increase in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$218.62K	USD	Annual
Cash and restricted cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$355.06K	USD	Point-in-time
Cash and restricted cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$96.30K	USD	Point-in-time
Cash and restricted cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$136.44K	USD	Point-in-time
Cash and restricted cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$355.06K	USD	Point-in-time
Cash and restricted cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$96.30K	USD	Point-in-time
Cash and restricted cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$136.44K	USD	Point-in-time
Taxes paid during the year	`IncomeTaxesPaidNet`	$642.00	USD	Annual
Taxes paid during the year	`IncomeTaxesPaidNet`	$2.97K	USD	Annual
Interest paid during the year	`InterestPaidNet`	$1.03M	USD	Annual
Interest paid during the year	`InterestPaidNet`	$1.58M	USD	Annual
Dividend declared and payable	`DividendDeclaredAndPayable`	$1.16M	USD	Annual
Dividend declared and payable	`DividendDeclaredAndPayable`	$891.98K	USD	Annual

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$22.25M	USD	Point-in-time
Balance	`StockholdersEquity`	$32.08M	USD	Point-in-time
Balance	`StockholdersEquity`	$22.31M	USD	Point-in-time
Exercise of options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$20.44K	USD	Annual
Non cash compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$13.06K	USD	Annual
Non cash compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$13.06K	USD	Annual
Purchase of treasury shares	`TreasuryStockValueAcquiredCostMethod`	$172.16K	USD	Annual
Purchase of treasury shares	`TreasuryStockValueAcquiredCostMethod`	$48.74K	USD	Annual
Dividends paid	`Dividends`	$3.11M	USD	Annual
Dividends paid	`Dividends`	$2.48M	USD	Annual
Dividends declared and payable	`DividendsCash`	$1.16M	USD	Annual
Dividends declared and payable	`DividendsCash`	$891.98K	USD	Annual
Public offering	`StockIssuedDuringPeriodValueNewIssues`	$9.88M	USD	Annual
Public offering, shares	`StockIssuedDuringPeriodSharesNewIssues`	1.43M	shares	Point-in-time
Exercise of warrants	`StockIssuedDuringPeriodValueWarrantsExercised`	$48.73K	USD	Annual
Net income	`NetIncomeLoss`	$3.44M	USD	Annual
Net income	`NetIncomeLoss`	$4.20M	USD	Annual
Balance	`StockholdersEquity`	$22.25M	USD	Point-in-time
Balance	`StockholdersEquity`	$32.08M	USD	Point-in-time
Balance	`StockholdersEquity`	$22.31M	USD	Point-in-time

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