10-Q Filing

MANHATTAN BRIDGE CAPITAL, INC CIK: 1080340 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001493152-19-005270`
Period End Date	20190331
Filing Date	20190415
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	loan-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 28 Cash Flow Statement 50

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Debt issuance costs, net (deferred financing costs)	`DeferredFinanceCostsNet`	$528.73K	USD	Point-in-time
Debt issuance costs, net (deferred financing costs)	`DeferredFinanceCostsNet`	$547.50K	USD	Point-in-time
Loans receivable	`NotesReceivableNet`	$54.79M	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`	$54.84M	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
Interest receivable on loans	`InterestReceivable`	$582.42K	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	`Cash`	$203.68K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash	`Cash`	$174.62K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash - restricted	`RestrictedCash`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash - restricted	`RestrictedCash`	$151.38K	USD	Point-in-time
Operating lease right-of-use asset, net	`OperatingLeaseRightOfUseAsset`	$124.80K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Operating lease right-of-use asset, net	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.88M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.87M	shares	Point-in-time
Other assets	`OtherAssets`	$73.13K	USD	Point-in-time
Other assets	`OtherAssets`	$87.36K	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsGross`	$37.19K	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsGross`	$42.04K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.66M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.66M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	218,214.00	shares	Point-in-time
Total assets	`Assets`	$55.80M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	219,214.00	shares	Point-in-time
Total assets	`Assets`	$55.90M	USD	Point-in-time
Line of credit	`LineOfCredit`	$16.62M	USD	Point-in-time
Line of credit	`LineOfCredit`	$16.42M	USD	Point-in-time
Senior secured notes (net of deferred financing costs of $528,728 and $547,499)	`SecuredDebt`	$5.45M	USD	Point-in-time
Senior secured notes (net of deferred financing costs of $528,728 and $547,499)	`SecuredDebt`	$5.47M	USD	Point-in-time
Deferred origination fees	`DeferredOriginationFees`	$422.08K	USD	Point-in-time
Deferred origination fees	`DeferredOriginationFees`	$404.68K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$143.48K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$183.72K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiability`	-	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiability`	$124.80K	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	-	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$1.16M	USD	Point-in-time
Total liabilities	`Liabilities`	$23.82M	USD	Point-in-time
Total liabilities	`Liabilities`	$22.58M	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; 9,881,191 and 9,874,191 issued, respectively; 9,661,977 and 9,655,977 outstanding, respectively	`CommonStockValue`	$9.87K	USD	Point-in-time
Common shares - $.001 par value; 25,000,000 shares authorized; 9,881,191 and 9,874,191 issued, respectively; 9,661,977 and 9,655,977 outstanding, respectively	`CommonStockValue`	$9.88K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$33.11M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$33.13M	USD	Point-in-time
Treasury stock, at cost - 219,214 and 218,214 shares	`TreasuryStockValue`	$590.23K	USD	Point-in-time
Treasury stock, at cost - 219,214 and 218,214 shares	`TreasuryStockValue`	$595.88K	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-448.80K	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$672.56K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$32.08M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$33.22M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$55.80M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$55.90M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Interest income from loans	`InterestIncomeFromLoans`	$1.43M	USD	1 Quarter
Interest income from loans	`InterestIncomeFromLoans`	$1.50M	USD	1 Quarter
Origination fees	`OriginationFees`	$284.97K	USD	1 Quarter
Origination fees	`OriginationFees`	$235.23K	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.66M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.79M	USD	1 Quarter
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$378.88K	USD	1 Quarter
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$397.70K	USD	1 Quarter
Referral fees	`ReferralFees`	$2.08K	USD	1 Quarter
Referral fees	`ReferralFees`	$333.00	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$285.52K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$288.74K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$683.56K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$669.70K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.12M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$980.92K	USD	1 Quarter
Other income	`OtherIncome`	$3.00K	USD	1 Quarter
Other income	`OtherIncome`	-	USD	1 Quarter
Net income	`NetIncomeLoss`	$980.92K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.12M	USD	1 Quarter
--Basic	`EarningsPerShareBasic`	$0.12	USD	1 Quarter
--Basic	`EarningsPerShareBasic`	$0.12	USD	1 Quarter
--Diluted	`EarningsPerShareDiluted`	$0.12	USD	1 Quarter
--Diluted	`EarningsPerShareDiluted`	$0.12	USD	1 Quarter
--Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	8.11M	shares	1 Quarter
--Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.66M	shares	1 Quarter
--Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.66M	shares	1 Quarter
--Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.12M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$980.92K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.12M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$23.62K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$29.74K	USD	1 Quarter
Depreciation	`Depreciation`	$431.00	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`	$-14.36K	USD	1 Quarter
Interest receivable on loans	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-37.07K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$27.09K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$14.66K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-23.29K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-40.24K	USD	1 Quarter
Deferred origination fees	`IncreaseDecreaseInDeferredOriginationFees`	$-17.41K	USD	1 Quarter
Deferred origination fees	`IncreaseDecreaseInDeferredOriginationFees`	$-22.25K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.02M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.13M	USD	1 Quarter
Issuance of short term loans	`IssuanceOfShortTermLoans`	$-13.33M	USD	1 Quarter
Issuance of short term loans	`IssuanceOfShortTermLoans`	$-11.00M	USD	1 Quarter
Collections received from loans	`ProceedsFromCollectionOfLoansReceivable`	$10.07M	USD	1 Quarter
Collections received from loans	`ProceedsFromCollectionOfLoansReceivable`	$13.37M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$42.93K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-932.50K	USD	1 Quarter
Dividend paid	`PaymentsOfDividends`	$1.16M	USD	1 Quarter
Dividend paid	`PaymentsOfDividends`	$891.98K	USD	1 Quarter
(Repayment of) proceeds from line of credit, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$-204.99K	USD	1 Quarter
(Repayment of) proceeds from line of credit, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$849.56K	USD	1 Quarter
Purchase of treasury shares	`PaymentsForRepurchaseOfOtherEquity`	$5.64K	USD	1 Quarter
Purchase of treasury shares	`PaymentsForRepurchaseOfOtherEquity`	-	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$20.44K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-42.42K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.35M	USD	1 Quarter
Net (decrease) increase in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-180.44K	USD	1 Quarter
Net (decrease) increase in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$49.09K	USD	1 Quarter
Cash and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$136.44K	USD	Point-in-time
Cash and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$185.53K	USD	Point-in-time
Cash and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$174.62K	USD	Point-in-time
Cash and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$355.06K	USD	Point-in-time
Cash and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$136.44K	USD	Point-in-time
Cash and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$185.53K	USD	Point-in-time
Cash and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$174.62K	USD	Point-in-time
Cash and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$355.06K	USD	Point-in-time
Interest paid during the period	`InterestPaidNet`	$364.29K	USD	1 Quarter
Interest paid during the period	`InterestPaidNet`	$370.62K	USD	1 Quarter
Operating lease right-of-use asset	`OperatingLeaseRightofuseAssets`	-	USD	1 Quarter
Operating lease right-of-use asset	`OperatingLeaseRightofuseAssets`	$124.80K	USD	1 Quarter
Operating lease liability	`CapitalLeaseObligationsIncurred`	-	USD	1 Quarter
Operating lease liability	`CapitalLeaseObligationsIncurred`	$124.80K	USD	1 Quarter

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