2016 Q1 Form 10-Q Financial Statement
#000114420416098115 Filed on May 02, 2016
Income Statement
| Concept | 2016 Q1 | 2015 Q4 | 2015 Q1 |
|---|---|---|---|
| Revenue | $1.105M | $1.150M | $911.8K |
| YoY Change | 21.15% | 27.78% | 49.74% |
| Cost Of Revenue | |||
| YoY Change | |||
| Gross Profit | |||
| YoY Change | |||
| Gross Profit Margin | |||
| Selling, General & Admin | $230.0K | $340.0K | $250.0K |
| YoY Change | -8.0% | 6.25% | 38.89% |
| % of Gross Profit | |||
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $862.00 | $10.00K | $1.591K |
| YoY Change | -45.82% | ||
| % of Gross Profit | |||
| Operating Expenses | $230.0K | $340.0K | $260.0K |
| YoY Change | -11.54% | 6.25% | 52.94% |
| Operating Profit | $695.8K | $475.6K | |
| YoY Change | 46.31% | 50.32% | |
| Interest Expense | -$180.0K | -$200.0K | -$180.0K |
| YoY Change | 0.0% | 11.11% | 50.0% |
| % of Operating Profit | -25.87% | -37.85% | |
| Other Income/Expense, Net | $0.00 | $0.00 | |
| YoY Change | -100.0% | ||
| Pretax Income | $700.0K | $590.0K | $475.6K |
| YoY Change | 47.18% | 47.5% | 47.12% |
| Income Tax | $508.00 | $0.00 | $0.00 |
| % Of Pretax Income | 0.07% | 0.0% | 0.0% |
| Net Earnings | $695.3K | $590.0K | $475.6K |
| YoY Change | 46.2% | 47.5% | 128.36% |
| Net Earnings / Revenue | 62.95% | 51.3% | 52.16% |
| Basic Earnings Per Share | $0.10 | $0.08 | |
| Diluted Earnings Per Share | $0.10 | $81.49K | $0.08 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 7.264M shares | 7.231M shares | 6.088M shares |
| Diluted Shares Outstanding | 7.292M shares | 6.129M shares |
Balance Sheet
| Concept | 2016 Q1 | 2015 Q4 | 2015 Q1 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $60.00K | $110.0K | $260.0K |
| YoY Change | -76.92% | 120.0% | |
| Cash & Equivalents | $60.00K | $106.8K | $256.3K |
| Short-Term Investments | |||
| Other Short-Term Assets | $510.0K | $32.87K | $52.30K |
| YoY Change | 875.07% | 21.74% | 52.53% |
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | |||
| Other Receivables | |||
| Total Short-Term Assets | $20.36M | $20.72M | $17.53M |
| YoY Change | 16.12% | 6.66% | 37.63% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $8.947K | $8.771K | $17.50K |
| YoY Change | -48.87% | -54.05% | |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $50.00K | $50.00K | $70.00K |
| YoY Change | -28.57% | -28.57% | -66.67% |
| Other Assets | $320.0K | $170.0K | $12.50K |
| YoY Change | 2460.0% | -28.57% | |
| Total Long-Term Assets | $9.970M | $10.94M | $6.976M |
| YoY Change | 42.92% | 117.94% | 111.72% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $20.36M | $20.72M | $17.53M |
| Total Long-Term Assets | $9.970M | $10.94M | $6.976M |
| Total Assets | $30.33M | $31.66M | $24.51M |
| YoY Change | 23.74% | 29.5% | 52.85% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $130.0K | $100.0K | $70.00K |
| YoY Change | 85.71% | -37.5% | 250.0% |
| Accrued Expenses | |||
| YoY Change | |||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $860.6K | $1.096M | $1.096M |
| YoY Change | -21.45% | -55.63% | -16.96% |
| Long-Term Debt Due | $10.65M | $11.82M | $9.320M |
| YoY Change | 14.27% | 53.51% | 75.85% |
| Total Short-Term Liabilities | $11.89M | $13.91M | $10.64M |
| YoY Change | 11.73% | 31.53% | 52.57% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | |||
| YoY Change | |||
| Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $11.89M | $13.91M | $10.64M |
| Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Total Liabilities | $11.89M | $13.91M | $10.64M |
| YoY Change | 11.75% | 31.51% | 52.65% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $299.6K | -$395.7K | |
| YoY Change | -449.11% | ||
| Common Stock | $18.51M | $18.51M | |
| YoY Change | 31.05% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | $369.3K | $369.3K | |
| YoY Change | 0.0% | ||
| Treasury Stock Shares | 177.0K shares | 177.0K shares | 177.0K shares |
| Shareholders Equity | $18.44M | $17.74M | $13.87M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $30.33M | $31.66M | $24.51M |
| YoY Change | 23.74% | 29.5% | 52.85% |
Cashflow Statement
| Concept | 2016 Q1 | 2015 Q4 | 2015 Q1 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $695.3K | $590.0K | $475.6K |
| YoY Change | 46.2% | 47.5% | 128.36% |
| Depreciation, Depletion And Amortization | $862.00 | $10.00K | $1.591K |
| YoY Change | -45.82% | ||
| Cash From Operating Activities | $710.0K | $620.0K | $280.0K |
| YoY Change | 153.57% | 24.0% | -1033.33% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $1.038K | -$10.00K | $0.00 |
| YoY Change | -50.0% | ||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $1.900M | -$1.760M | $270.0K |
| YoY Change | 603.7% | 100.0% | -130.68% |
| Cash From Investing Activities | $1.890M | -$1.760M | $270.0K |
| YoY Change | 600.0% | 95.56% | -130.68% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | $617.4K | $486.7K | |
| YoY Change | 26.86% | 1043.5% | |
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -2.650M | 1.190M | -340.0K |
| YoY Change | 679.41% | 197.5% | 209.09% |
| NET CHANGE | |||
| Cash From Operating Activities | 710.0K | 620.0K | 280.0K |
| Cash From Investing Activities | 1.890M | -1.760M | 270.0K |
| Cash From Financing Activities | -2.650M | 1.190M | -340.0K |
| Net Change In Cash | -50.00K | 50.00K | 210.0K |
| YoY Change | -123.81% | -85899345920001900.0% | -120.59% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $710.0K | $620.0K | $280.0K |
| Capital Expenditures | $1.038K | -$10.00K | $0.00 |
| Free Cash Flow | $709.0K | $630.0K | $280.0K |
| YoY Change | 153.2% | 21.15% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
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Net Cash Provided By Used In Investing Activities Continuing Operations
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Net Cash Provided By Used In Investing Activities Continuing Operations
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Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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|
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Property Plant And Equipment Net
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Deferred Finance Costs Noncurrent Net
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Retained Earnings Accumulated Deficit
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Retained Earnings Accumulated Deficit
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Treasury Stock Shares
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Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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0 | USD |
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Payments Of Dividends
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486695 | USD |
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Payments Of Dividends
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Net Cash Provided By Used In Financing Activities Continuing Operations
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Net Cash Provided By Used In Financing Activities Continuing Operations
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Cash And Cash Equivalents Period Increase Decrease
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Cash And Cash Equivalents At Carrying Value
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Cash And Cash Equivalents At Carrying Value
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Income Taxes Paid
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Depreciation
Depreciation
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Depreciation
Depreciation
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Payments To Acquire Property Plant And Equipment
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23760956 | USD |
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1835000 | USD |
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Jointly Funded Loans
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1230000 | USD |
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Repayments Of Debt
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1000000 | USD |
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Warrants To Purchase Common Stock
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3.5625 | |
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Warrants Expiry Date
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2019-07-28 | |
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Warrants To Purchase Common Stock
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50750 | shares |
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5.4875 | |
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2020-05-22 | |
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Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
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42224 | USD |
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Document Type
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|
10-Q | |
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false | |
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Document Period End Date
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|
2016-03-31 | |
| CY2016Q1 | dei |
Document Fiscal Year Focus
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2016 | |
| CY2016Q1 | dei |
Document Fiscal Period Focus
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Q1 | |
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Entity Registrant Name
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|
MANHATTAN BRIDGE CAPITAL, INC | |
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Entity Central Index Key
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0001080340 | |
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Smaller Reporting Company | |
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LOAN | |
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464889 | USD |
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0 | USD |
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Preferred Stock Par Or Stated Value Per Share
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0.01 | |
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5000000 | shares |
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0.001 | |
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USD | |
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195968 | USD |
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|
Historically, until the year ended December 31, 2014, each non-employee director of the Company was granted an option for 7,000 common shares upon first taking office, and received an annual option grant for an additional 7,000 common shares for each additional year in office. Generally, options outstanding vest over periods not exceeding four years and are exercisable for up to five years from the grant date. | |
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Weighted Average Number Diluted Shares Outstanding Adjustment
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28333 | shares |
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41485 | shares |
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P15Y | |
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five years and two months | |
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31656410 | USD |
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Dividends Payable Current
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|
0 | USD |
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617443 | USD |
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Short Term Borrowings
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Lines Of Credit Current
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Interest Income From Loans
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Interest Income From Loans
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Origination Fees
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190281 | USD |
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155011 | USD |
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Revenues
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911761 | USD |
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179550 | USD |
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Interest And Amortization Of Debt Service Costs
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183055 | USD |
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Referral Fees
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1369 | USD |
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Referral Fees
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1197 | USD |
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General And Administrative Expense
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Income Tax Expense Benefit
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|
508 | USD |
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Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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0 | USD |
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|
695324 | USD |
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Net Income Loss
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475596 | USD |
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Earnings Per Share Basic
EarningsPerShareBasic
|
0.1 | |
| CY2015Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.08 | |
| CY2016Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.1 | |
| CY2015Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.08 | |
| CY2016Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
7264039 | shares |
| CY2015Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
6087531 | shares |
| CY2016Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
7292372 | shares |
| CY2015Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
6129016 | shares |
| CY2015Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
3418 | USD |
| CY2016Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
12041 | USD |
| CY2015Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3416 | USD |
| CY2016Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3397 | USD |
| CY2015Q1 | us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
5532 | USD |
| CY2016Q1 | us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
-17764 | USD |
| CY2015Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
25309 | USD |
| CY2016Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
16063 | USD |
| CY2015Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-97560 | USD |
| CY2016Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
28135 | USD |
| CY2015Q1 | loan |
Increase Decrease In Deferred Origination Fees
IncreaseDecreaseInDeferredOriginationFees
|
78243 | USD |
| CY2016Q1 | loan |
Increase Decrease In Deferred Origination Fees
IncreaseDecreaseInDeferredOriginationFees
|
30424 | USD |
| CY2015Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
277377 | USD |
| CY2016Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
711036 | USD |
| CY2015Q1 | loan |
Issuance Of Short Term Loans
IssuanceOfShortTermLoans
|
2807000 | USD |
| CY2016Q1 | loan |
Issuance Of Short Term Loans
IssuanceOfShortTermLoans
|
5913500 | USD |
| CY2015Q1 | us-gaap |
Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
|
3078520 | USD |
| CY2016Q1 | us-gaap |
Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
|
7808990 | USD |
