2022 Q3 Form 10-Q Financial Statement
#000149315222020092 Filed on July 22, 2022
Income Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
Revenue | $2.107M | $2.117M | $2.115M |
YoY Change | 29.47% | 23.54% | 22.26% |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $377.4K | $386.2K | $361.5K |
YoY Change | 12.57% | 13.73% | 16.61% |
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $630.00 | $500.00 | $470.00 |
YoY Change | 10.53% | -56.52% | |
% of Gross Profit | |||
Operating Expenses | $378.1K | $388.2K | $362.9K |
YoY Change | 12.06% | 13.43% | 17.05% |
Operating Profit | $1.232M | $1.352M | $1.420M |
YoY Change | 11.5% | 28.26% | |
Interest Expense | -$496.7K | -$376.4K | -$331.9K |
YoY Change | 168.63% | 18.76% | 3.7% |
% of Operating Profit | -40.31% | -27.83% | -23.36% |
Other Income/Expense, Net | $4.500K | $4.500K | $4.500K |
YoY Change | 0.0% | 0.0% | |
Pretax Income | $1.237M | $1.357M | $1.425M |
YoY Change | 11.46% | 28.14% | 28.37% |
Income Tax | $650.00 | ||
% Of Pretax Income | 0.05% | ||
Net Earnings | $1.237M | $1.356M | $1.425M |
YoY Change | 11.46% | 28.15% | 28.37% |
Net Earnings / Revenue | 58.7% | 64.06% | 67.37% |
Basic Earnings Per Share | $0.11 | $0.12 | $0.12 |
Diluted Earnings Per Share | $0.11 | $0.12 | $124.0K |
COMMON SHARES | |||
Basic Shares Outstanding | 11.49M shares | 11.49M shares | 11.49M shares |
Diluted Shares Outstanding | 11.49M shares | 11.49M shares | 11.49M shares |
Balance Sheet
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $109.7K | $117.6K | $145.4K |
YoY Change | 0.02% | -23.22% | -30.78% |
Cash & Equivalents | $543.0K | $117.6K | $145.4K |
Short-Term Investments | |||
Other Short-Term Assets | $433.3K | ||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $74.38M | $70.47M | $69.61M |
YoY Change | 36.02% | 29.42% | 16.78% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $275.9K | $289.7K | $303.4K |
YoY Change | -16.58% | -15.69% | -15.73% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $113.5K | $159.4K | $132.7K |
YoY Change | 6.86% | 2.21% | 32.67% |
Total Long-Term Assets | $389.4K | $449.1K | $436.0K |
YoY Change | -10.89% | -10.1% | -5.21% |
TOTAL ASSETS | |||
Total Short-Term Assets | $74.38M | $70.47M | $69.61M |
Total Long-Term Assets | $389.4K | $449.1K | $436.0K |
Total Assets | $74.77M | $70.92M | $70.05M |
YoY Change | 35.65% | 29.06% | 16.61% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $202.1K | $185.3K | $148.2K |
YoY Change | 166.01% | 38.39% | 14.01% |
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $2.281M | $2.335M | $2.273M |
YoY Change | 330.76% | 374.88% | 298.83% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $29.10M | $24.99M | $24.09M |
YoY Change | 218.22% | 18.78% | -7.57% |
Other Long-Term Liabilities | $286.4K | $299.1K | $311.8K |
YoY Change | -14.92% | -14.25% | -13.4% |
Total Long-Term Liabilities | $29.38M | $25.29M | $24.40M |
YoY Change | 209.95% | 18.24% | -7.65% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $2.281M | $2.335M | $2.273M |
Total Long-Term Liabilities | $29.38M | $25.29M | $24.40M |
Total Liabilities | $31.66M | $27.62M | $26.67M |
YoY Change | 216.34% | 26.26% | -1.18% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$1.642M | -$1.442M | |
YoY Change | |||
Common Stock | $11.76K | $11.76K | |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $798.9K | $798.9K | |
YoY Change | |||
Treasury Stock Shares | 262.1K shares | 262.1K shares | |
Shareholders Equity | $43.10M | $43.30M | $43.38M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $74.77M | $70.92M | $70.05M |
YoY Change | 35.65% | 29.06% | 16.61% |
Cashflow Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $1.237M | $1.356M | $1.425M |
YoY Change | 11.46% | 28.15% | 28.37% |
Depreciation, Depletion And Amortization | $630.00 | $500.00 | $470.00 |
YoY Change | 10.53% | -56.52% | |
Cash From Operating Activities | $1.172M | $1.392M | $1.455M |
YoY Change | 4.51% | 43.71% | 37.25% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | -$1.890K | |
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$3.398M | -$865.3K | -$2.723M |
YoY Change | 1704.05% | -116.96% | 598.2% |
Cash From Investing Activities | -$3.398M | -$867.2K | -$2.723M |
YoY Change | 1704.05% | -117.0% | 598.2% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | $1.437M | ||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 2.651M | -552.9K | 1.271M |
YoY Change | -371.47% | -90.96% | -236.66% |
NET CHANGE | |||
Cash From Operating Activities | 1.172M | 1.392M | 1.455M |
Cash From Investing Activities | -3.398M | -867.2K | -2.723M |
Cash From Financing Activities | 2.651M | -552.9K | 1.271M |
Net Change In Cash | 425.4K | -27.74K | 2.820K |
YoY Change | -1077.82% | -39.63% | -101.08% |
FREE CASH FLOW | |||
Cash From Operating Activities | $1.172M | $1.392M | $1.455M |
Capital Expenditures | $0.00 | -$1.890K | |
Free Cash Flow | $1.172M | $1.394M | $1.455M |
YoY Change | 4.51% | 37.25% |
Facts In Submission
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MANHATTAN BRIDGE CAPITAL, INC. | ||
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CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.12 | |
CY2021Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.11 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.24 | ||
CY2022Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.12 | |
CY2021Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.11 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.24 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.22 | ||
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
11494945 | shares |
CY2021Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
9619945 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
11494945 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
9619945 | shares | |
CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
11494945 | shares |
CY2021Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
9619945 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
11494945 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
9619945 | shares | |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
43377497 | usd |
CY2022Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3266 | usd |
LOAN |
Adjustment To Operating Lease Rightofuse Asset And Liability
AdjustmentToOperatingLeaseRightofuseAssetAndLiability
|
2316 | usd | |
LOAN |
Adjustment To Operating Lease Rightofuse Asset And Liability
AdjustmentToOperatingLeaseRightofuseAssetAndLiability
|
2060 | usd | |
us-gaap |
Depreciation
Depreciation
|
972 | usd | |
us-gaap |
Depreciation
Depreciation
|
1153 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
6532 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
6532 | usd | |
us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
96889 | usd | |
us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
88502 | usd | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
63871 | usd | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
56768 | usd | |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Stock Dividend
StockIssuedDuringPeriodValueStockDividend
|
1436868 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1356034 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
43299929 | usd |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
33073325 | usd |
CY2021Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3266 | usd |
CY2021Q2 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
1058194 | usd |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1058122 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
33076519 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
43386242 | usd |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
6532 | usd | |
us-gaap |
Dividends Common Stock
DividendsCommonStock
|
1436868 | usd | |
us-gaap |
Stock Issued During Period Value Stock Dividend
StockIssuedDuringPeriodValueStockDividend
|
1436868 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
2780891 | usd | |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
43299929 | usd |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
31964190 | usd |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
6532 | usd | |
us-gaap |
Dividends Common Stock
DividendsCommonStock
|
1058194 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
2163991 | usd | |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
33076519 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
2780891 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
2163991 | usd | |
us-gaap |
Amortization Of Deferred Charges
AmortizationOfDeferredCharges
|
53999 | usd | |
us-gaap |
Amortization Of Deferred Charges
AmortizationOfDeferredCharges
|
45294 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
31151 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-35028 | usd | |
us-gaap |
Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
|
-132166 | usd | |
us-gaap |
Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
|
9885 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
2847267 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
2028847 | usd | |
us-gaap |
Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
|
37953007 | usd | |
us-gaap |
Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
|
15567677 | usd | |
us-gaap |
Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
|
34364708 | usd | |
us-gaap |
Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
|
20279776 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1893 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-3590192 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
4712099 | usd | |
us-gaap |
Debt Instrument Term
DebtInstrumentTerm
|
P1Y | ||
us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
3627556 | usd | |
us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
-4911758 | usd | |
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
2873736 | usd | |
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
2116388 | usd | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
35819 | usd | |
LOAN |
Payments Of Preoffering Costs Incurred
PaymentsOfPreofferingCostsIncurred
|
18750 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
718001 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-7046896 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-24924 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-305950 | usd | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
142546 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
459137 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
117622 | usd |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
153187 | usd |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
650 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
647 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
608902 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
603869 | usd | |
LOAN |
Operating Leases Paid During Period
OperatingLeasesPaidDuringPeriod
|
31786 | usd | |
LOAN |
Operating Leases Paid During Period
OperatingLeasesPaidDuringPeriod
|
31719 | usd | |
LOAN |
Dividend Declared And Payable
DividendDeclaredAndPayable
|
1436868 | usd | |
CY2021Q1 | us-gaap |
Restricted Cash
RestrictedCash
|
327483 | usd |
CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
11494945 | shares |
CY2021Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
9619945 | shares |
CY2022Q2 | us-gaap |
Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
|
69303663 | usd |
CY2021Q4 | us-gaap |
Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
|
65715364 | usd |
us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
300000 | usd | |
CY2022Q2 | LOAN |
Line Of Credit Facility Bonds Issued Of Subsidiary
LineOfCreditFacilityBondsIssuedOfSubsidiary
|
20000000 | usd |
CY2022Q2 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
19273526 | usd |
LOAN |
Agency Fee Percentage
AgencyFeePercentage
|
0.005 | pure | |
CY2022Q2 | LOAN |
Line Of Credit Facility Interest Rate Percentage
LineOfCreditFacilityInterestRatePercentage
|
0.0579 | pure |
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
11494945 | shares |
CY2021Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
9619945 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
11494945 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
9619945 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
11494945 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
9619945 | shares | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
6532 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
6532 | usd | |
us-gaap |
Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
|
1000000 | shares | |
CY2022Q2 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
54436 | usd |
CY2022Q2 | us-gaap |
Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
|
0.125 | |
CY2022Q2 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
1436868 | usd |
CY2022Q2 | us-gaap |
Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
|
2022-07-15 |