2014 Q1 Form 10-Q Financial Statement

#000114420414026724 Filed on May 01, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $608.9K $534.4K
YoY Change 13.95% 37.02%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $180.0K $170.0K
YoY Change 5.88% 0.0%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00 $0.00
YoY Change
% of Gross Profit
Operating Expenses $170.0K $180.0K
YoY Change -5.56% 5.88%
Operating Profit $316.4K $258.3K
YoY Change 22.51%
Interest Expense -$120.0K -$100.0K
YoY Change 20.0% 150.0%
% of Operating Profit -37.93% -38.72%
Other Income/Expense, Net $10.00K $10.00K
YoY Change 0.0% 0.0%
Pretax Income $323.3K $265.1K
YoY Change 21.92% 39.55%
Income Tax $115.0K $92.00K
% Of Pretax Income 35.57% 34.7%
Net Earnings $208.3K $173.1K
YoY Change 20.29% 57.4%
Net Earnings / Revenue 34.2% 32.4%
Basic Earnings Per Share $0.05 $0.04
Diluted Earnings Per Share $0.05 $0.04
COMMON SHARES
Basic Shares Outstanding 4.256M shares 4.283M shares
Diluted Shares Outstanding 4.287M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00 $240.0K
YoY Change -100.0% 500.0%
Cash & Equivalents $931.00 $236.5K
Short-Term Investments
Other Short-Term Assets $34.29K $40.00K
YoY Change -14.27% -20.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $12.74M $9.620M
YoY Change 32.44% 26.91%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $210.0K $250.0K
YoY Change -16.0% 0.0%
Other Assets $17.50K $40.00K
YoY Change -56.25% -42.86%
Total Long-Term Assets $3.295M $3.620M
YoY Change -8.98% 26.13%
TOTAL ASSETS
Total Short-Term Assets $12.74M $9.620M
Total Long-Term Assets $3.295M $3.620M
Total Assets $16.04M $13.24M
YoY Change 21.11% 26.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $20.00K $60.00K
YoY Change -66.67% -14.29%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $1.319M $1.160M
YoY Change 13.75% -18.31%
Long-Term Debt Due $5.300M $3.200M
YoY Change 65.63%
Total Short-Term Liabilities $6.974M $4.620M
YoY Change 50.95% 164.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.974M $4.620M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $6.970M $4.620M
YoY Change 50.87% 105.33%
SHAREHOLDERS EQUITY
Retained Earnings -$322.0K
YoY Change
Common Stock $9.753M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $369.3K
YoY Change
Treasury Stock Shares 177.0K shares
Shareholders Equity $9.062M $8.620M
YoY Change
Total Liabilities & Shareholders Equity $16.04M $13.24M
YoY Change 21.11% 26.7%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $208.3K $173.1K
YoY Change 20.29% 57.4%
Depreciation, Depletion And Amortization $0.00 $0.00
YoY Change
Cash From Operating Activities -$30.00K -$20.00K
YoY Change 50.0% -128.57%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$880.0K $1.090M
YoY Change -180.73% -309.62%
Cash From Investing Activities -$880.0K $1.090M
YoY Change -180.73% -309.62%
FINANCING ACTIVITIES
Cash Dividend Paid $42.56K $0.00
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -110.0K -1.070M
YoY Change -89.72% -496.3%
NET CHANGE
Cash From Operating Activities -30.00K -20.00K
Cash From Investing Activities -880.0K 1.090M
Cash From Financing Activities -110.0K -1.070M
Net Change In Cash -1.020M 0.000
YoY Change -100.0%
FREE CASH FLOW
Cash From Operating Activities -$30.00K -$20.00K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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LongTermLoansReceivable
3997000 USD
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CY2013Q4 us-gaap Accounts Payable And Accrued Liabilities Current
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57066 USD
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CY2013Q4 loan Deferred Origination Fees
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132017 USD
CY2014Q1 us-gaap Common Stock Value
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4433 USD
CY2013Q4 us-gaap Common Stock Value
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4433 USD
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CY2013Q4 us-gaap Treasury Stock Value
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CY2014Q1 us-gaap Stockholders Equity
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9061810 USD
CY2013Q4 us-gaap Stockholders Equity
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CY2013Q4 us-gaap Liabilities And Stockholders Equity
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12534000 USD
CY2014Q1 us-gaap Loans And Leases Receivable Gross Carrying Amount Commercial
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15575950 USD
CY2013Q4 us-gaap Preferred Stock Value
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0 USD
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34292 USD
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18540 USD
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12740571 USD
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146821 USD
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6637 USD
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Assets
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5300000 USD
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0.215 pure
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145000 shares
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P2Y3M22D
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3416 USD
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3416 USD
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The options may vest over a period not to exceed ten years. Stock options under our stock option plan may be awarded to officers, key-employees, consultants and non-employee directors of the Company. Under our stock option plan, every non-employee director of the Company is granted 7,000 options upon first taking office, and then 7,000 upon each additional year in office.
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CY2013Q1 us-gaap Revenues
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CY2014Q1 us-gaap Revenues
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CY2014Q1 loan Interest And Amortization Of Debt Service Costs
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CY2013Q1 loan Referral Fees
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CY2014Q1 loan Referral Fees
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0.05
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0 USD
CY2013Q1 us-gaap Share Based Compensation
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3416 USD
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-12773 USD
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-39599 USD
CY2013Q1 loan Increase Decrease In Deferred Origination Fees
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8504 USD
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-182120 USD
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-21412 USD
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-29030 USD
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2853500 USD
CY2014Q1 loan Issuance Of Short Term Loans
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4774000 USD
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1090366 USD
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-881000 USD
CY2013Q1 loan Proceeds From Loans And Line Of Credit
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-1040000 USD
CY2014Q1 loan Proceeds From Loans And Line Of Credit
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-50000 USD
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37824 USD
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0 USD
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4690 USD
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0 USD
CY2013Q1 us-gaap Payments Of Dividends
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0 USD
CY2014Q1 us-gaap Payments Of Dividends
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42562 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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-1073134 USD
CY2014Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
17500 USD
CY2013Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
0 USD
CY2013Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
CY2014Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
17500 USD
CY2014Q1 dei Document Type
DocumentType
10-Q
CY2014Q1 dei Amendment Flag
AmendmentFlag
false
CY2014Q1 dei Document Period End Date
DocumentPeriodEndDate
2014-03-31
CY2014Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2014Q1 dei Trading Symbol
TradingSymbol
LOAN
CY2014Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
4270190 shares
CY2014Q1 dei Entity Registrant Name
EntityRegistrantName
MANHATTAN BRIDGE CAPITAL, INC
CY2014Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001080340
CY2014Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2014Q1 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company

Files In Submission

Name View Source Status
0001144204-14-026724-index-headers.html Edgar Link pending
0001144204-14-026724-index.html Edgar Link pending
0001144204-14-026724.txt Edgar Link pending
0001144204-14-026724-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
loan-20140331.xml Edgar Link completed
loan-20140331.xsd Edgar Link pending
loan-20140331_cal.xml Edgar Link unprocessable
loan-20140331_def.xml Edgar Link unprocessable
loan-20140331_lab.xml Edgar Link unprocessable
loan-20140331_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
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report.css Edgar Link pending
Show.js Edgar Link pending
v375846_10q.htm Edgar Link pending
v375846_ex31-1.htm Edgar Link pending
v375846_ex31-2.htm Edgar Link pending
v375846_ex32-1.htm Edgar Link pending
v375846_ex32-2.htm Edgar Link pending