$LOAN
Manhattan Bridge Capital Inc

2014 Q2 Form 10-Q Financial Statement

#000114420414049079 Filed on August 13, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q4 2013 Q2
Revenue $630.1K $590.0K $553.8K
YoY Change 13.78% 13.46% 33.59%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $180.0K $290.0K $200.0K
YoY Change -10.0% -9.38% 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 $180.0K $280.0K $210.0K
YoY Change -14.29% -12.5% 5.0%
Operating Profit $331.1K $247.0K
YoY Change 34.02% 56.46%
Interest Expense -$120.0K -$120.0K -$100.0K
YoY Change 20.0% 33.33% 66.67%
% of Operating Profit -36.24% -40.48%
Other Income/Expense, Net $10.00K $10.00K $10.00K
YoY Change 0.0% 0.0% 0.0%
Pretax Income $338.0K $150.0K $253.9K
YoY Change 33.1% 36.36% 54.1%
Income Tax -$83.00K $90.00K $96.00K
% Of Pretax Income -24.56% 60.0% 37.81%
Net Earnings $421.0K $60.00K $157.9K
YoY Change 166.56% 100.0% 97.22%
Net Earnings / Revenue 66.81% 10.17% 28.52%
Basic Earnings Per Share $0.10 $0.04
Diluted Earnings Per Share $0.10 $13.99K $0.04
COMMON SHARES
Basic Shares Outstanding 4.284M shares 4.275M shares
Diluted Shares Outstanding 4.323M shares 4.289M shares

Balance Sheet

Concept 2014 Q2 2013 Q4 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $140.0K $1.020M $1.090M
YoY Change -87.16% 325.0% 541.18%
Cash & Equivalents $135.5K $1.021M $1.094M
Short-Term Investments
Other Short-Term Assets $50.00K $18.54K $51.11K
YoY Change -2.16% -1.92% 2.21%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $11.80M $11.91M $12.10M
YoY Change -2.45% 4.07% 76.07%
LONG-TERM ASSETS
Property, Plant & Equipment $0.00
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $210.0K $210.0K $250.0K
YoY Change -16.0% -16.0% 0.0%
Other Assets $204.4K $0.00 $20.00K
YoY Change 922.15% -100.0% -71.43%
Total Long-Term Assets $5.930M $4.215M $3.665M
YoY Change 61.82% 45.53% -24.44%
TOTAL ASSETS
Total Short-Term Assets $11.80M $11.91M $12.10M
Total Long-Term Assets $5.930M $4.215M $3.665M
Total Assets $17.73M $16.12M $15.76M
YoY Change 12.5% 12.45% 34.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $50.00K $60.00K $20.00K
YoY Change 150.0% -14.29% 0.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $1.320M $1.319M $1.159M
YoY Change 13.85% -5.72% -56.08%
Long-Term Debt Due $6.600M $5.350M $5.500M
YoY Change 20.0% 33.75%
Total Short-Term Liabilities $8.274M $7.232M $7.038M
YoY Change 17.56% 23.4% 140.21%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.274M $7.232M $7.038M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $8.270M $7.230M $7.040M
YoY Change 17.47% 23.38% 105.25%
SHAREHOLDERS EQUITY
Retained Earnings -$487.7K -$654.3K
YoY Change -48.26%
Common Stock $9.750M $9.723M
YoY Change 0.6%
Preferred Stock
YoY Change
Treasury Stock (at cost) $369.3K $346.0K
YoY Change 36.8%
Treasury Stock Shares 177.0K shares 177.0K shares 163.0K shares
Shareholders Equity $9.460M $8.893M $8.722M
YoY Change
Total Liabilities & Shareholders Equity $17.73M $16.12M $15.76M
YoY Change 12.5% 12.45% 34.47%

Cashflow Statement

Concept 2014 Q2 2013 Q4 2013 Q2
OPERATING ACTIVITIES
Net Income $421.0K $60.00K $157.9K
YoY Change 166.56% 100.0% 97.22%
Depreciation, Depletion And Amortization $0.00 $0.00
YoY Change
Cash From Operating Activities $400.0K $240.0K $270.0K
YoY Change 48.15% 9.09% 440.0%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$1.350M $710.0K -$1.650M
YoY Change -18.18% -175.53% 46.02%
Cash From Investing Activities -$1.350M $710.0K -$1.650M
YoY Change -18.18% -175.53% 46.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.080M 10.00K 2.230M
YoY Change -51.57% -98.67% 84.3%
NET CHANGE
Cash From Operating Activities 400.0K 240.0K 270.0K
Cash From Investing Activities -1.350M 710.0K -1.650M
Cash From Financing Activities 1.080M 10.00K 2.230M
Net Change In Cash 130.0K 960.0K 850.0K
YoY Change -84.71% 3100.0% 553.85%
FREE CASH FLOW
Cash From Operating Activities $400.0K $240.0K $270.0K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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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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PaymentsOfStockIssuanceCosts
0 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
204429 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
42786 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
127966 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
1163701 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
972835 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
853680 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-885528 USD
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
240693 USD
CY2013Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1094373 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
274120 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
274995 USD
us-gaap Interest Paid
InterestPaid
180667 USD
us-gaap Interest Paid
InterestPaid
239329 USD
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Registrant Name
EntityRegistrantName
MANHATTAN BRIDGE CAPITAL, INC
dei Entity Central Index Key
EntityCentralIndexKey
0001080340
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
dei Trading Symbol
TradingSymbol
LOAN
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
6059576 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.78
dei Document Type
DocumentType
10-Q
dei Amendment Flag
AmendmentFlag
false
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30

Files In Submission

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0001144204-14-049079-index-headers.html Edgar Link pending
0001144204-14-049079-index.html Edgar Link pending
0001144204-14-049079.txt Edgar Link pending
0001144204-14-049079-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
loan-20140630.xml Edgar Link completed
loan-20140630.xsd Edgar Link pending
loan-20140630_cal.xml Edgar Link unprocessable
loan-20140630_def.xml Edgar Link unprocessable
loan-20140630_lab.xml Edgar Link unprocessable
loan-20140630_pre.xml Edgar Link unprocessable
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