$CRMZ
CREDITRISKMONITOR COM INC

2024 Q3 Form 10-Q Financial Statement

#000114036124036746 Filed on August 12, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $5.009M $4.934M
YoY Change 4.52% 5.37%
Cost Of Revenue $2.173M
YoY Change 12.34%
Gross Profit $2.761M
YoY Change 0.46%
Gross Profit Margin 55.95%
Selling, General & Admin $2.257M $2.685M
YoY Change -7.48% 19.21%
% of Gross Profit 97.27%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $100.9K
YoY Change 6.68%
% of Gross Profit 3.65%
Operating Expenses $4.560M $4.959M
YoY Change 1.64% 15.83%
Operating Profit $449.3K -$25.64K
YoY Change 46.75% -106.4%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $267.1K $195.7K
YoY Change 42.01% 1.64%
Pretax Income $716.3K $170.1K
YoY Change 44.94% -71.34%
Income Tax $164.8K $40.91K
% Of Pretax Income 23.0% 24.05%
Net Earnings $551.6K $129.2K
YoY Change 45.66% -71.38%
Net Earnings / Revenue 11.01% 2.62%
Basic Earnings Per Share $0.05 $0.01
Diluted Earnings Per Share $0.05 $0.01
COMMON SHARES
Basic Shares Outstanding 10.72M 10.72M
Diluted Shares Outstanding 10.77M 10.76M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.95M
YoY Change 9.91%
Cash & Equivalents $7.888M $12.36M
Short-Term Investments $3.594M
Other Short-Term Assets $916.3K $1.048M
YoY Change -15.23% 10.24%
Inventory
Prepaid Expenses
Receivables $3.566M $3.557M
Other Receivables $0.00
Total Short-Term Assets $14.85M $20.56M
YoY Change -22.59% 11.81%
LONG-TERM ASSETS
Property, Plant & Equipment $544.1K $560.8K
YoY Change 9.37% -0.07%
Goodwill $1.954M $1.954M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $700.0K
YoY Change
Other Assets $18.11K $18.11K
YoY Change 0.0% 0.0%
Total Long-Term Assets $10.88M $4.741M
YoY Change 163.12% 11.56%
TOTAL ASSETS
Total Short-Term Assets $14.85M $20.56M
Total Long-Term Assets $10.88M $4.741M
Total Assets $25.73M $25.30M
YoY Change 10.33% 11.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $72.89K $78.81K
YoY Change -24.18% -14.0%
Accrued Expenses $2.397M $1.981M
YoY Change 0.51% 15.15%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $13.55M $13.64M
YoY Change 7.93% 12.05%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $1.631M
YoY Change -8.14%
Total Long-Term Liabilities $1.631M
YoY Change -8.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.55M $13.64M
Total Long-Term Liabilities $1.631M
Total Liabilities $15.48M $15.63M
YoY Change 6.24% 9.39%
SHAREHOLDERS EQUITY
Retained Earnings -$19.94M -$20.49M
YoY Change -6.55% -5.64%
Common Stock $107.2K $107.2K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.25M $9.672M
YoY Change
Total Liabilities & Shareholders Equity $25.73M $25.30M
YoY Change 10.33% 11.77%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $551.6K $129.2K
YoY Change 45.66% -71.38%
Depreciation, Depletion And Amortization $100.9K
YoY Change 6.68%
Cash From Operating Activities $951.8K
YoY Change 13.79%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities -$10.60K
YoY Change -133.42%
Cash From Investing Activities -$10.61K
YoY Change -65.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities 951.8K
Cash From Investing Activities -10.61K
Cash From Financing Activities
Net Change In Cash 941.2K
YoY Change 16.77%
FREE CASH FLOW
Cash From Operating Activities $951.8K
Capital Expenditures $0.00
Free Cash Flow $951.8K
YoY Change 22.92%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei City Area Code
CityAreaCode
845
dei Local Phone Number
LocalPhoneNumber
230-3000
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2024Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
10722401
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Central Index Key
EntityCentralIndexKey
0000315958
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2024-06-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
1-8601
dei Entity Registrant Name
EntityRegistrantName
CreditRiskMonitor.com, Inc.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
36-2972588
dei Entity Address Address Line1
EntityAddressAddressLine1
704 Executive Boulevard
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite A
dei Entity Address City Or Town
EntityAddressCityOrTown
Valley Cottage
dei Entity Address State Or Province
EntityAddressStateOrProvince
NY
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
10989
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
22620
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
25623
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
47613
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
53524
CY2024Q2 us-gaap Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
11699
CY2024Q2 us-gaap Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount
3593803
CY2024Q2 crmz Held To Maturity Securities Debt Maturities After One Through Two Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughTwoYearsNetCarryingAmount
700000
CY2024Q2 us-gaap Held To Maturity Securities Debt Maturities Single Maturity Date Amortized Cost Basis
HeldToMaturitySecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
4293803
crmz Other Than Temporary Impairment Loss Debt Securities Held To Maturity Before Tax
OtherThanTemporaryImpairmentLossDebtSecuritiesHeldToMaturityBeforeTax
0
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10722401
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10722401
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10722401
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10722401
CY2024Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
227357
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
335137
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
257679
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
305236
CY2024Q2 us-gaap Incremental Common Shares Attributable To Equity Unit Purchase Agreements
IncrementalCommonSharesAttributableToEquityUnitPurchaseAgreements
192697
CY2023Q2 us-gaap Incremental Common Shares Attributable To Equity Unit Purchase Agreements
IncrementalCommonSharesAttributableToEquityUnitPurchaseAgreements
250220
us-gaap Incremental Common Shares Attributable To Equity Unit Purchase Agreements
IncrementalCommonSharesAttributableToEquityUnitPurchaseAgreements
218358
us-gaap Incremental Common Shares Attributable To Equity Unit Purchase Agreements
IncrementalCommonSharesAttributableToEquityUnitPurchaseAgreements
225461
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10757061
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10807318
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10761722
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10802176
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
155700

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