2022 Q4 Form 10-Q Financial Statement
#000149315222029274 Filed on October 21, 2022
Income Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
Revenue | $2.232M | $2.107M | $1.627M |
YoY Change | 28.45% | 29.47% | -9.08% |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $424.1K | $377.4K | $335.3K |
YoY Change | 16.2% | 12.57% | 8.15% |
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $710.00 | $630.00 | $570.00 |
YoY Change | 29.09% | 10.53% | |
% of Gross Profit | |||
Operating Expenses | $424.6K | $378.1K | $337.4K |
YoY Change | 16.01% | 12.06% | 12.45% |
Operating Profit | $1.232M | $1.105M | |
YoY Change | 11.5% | ||
Interest Expense | -$617.9K | -$496.7K | -$184.9K |
YoY Change | 172.75% | 168.63% | -45.61% |
% of Operating Profit | -40.31% | -16.73% | |
Other Income/Expense, Net | $4.500K | $4.500K | $4.500K |
YoY Change | 0.0% | 0.0% | -55.0% |
Pretax Income | $1.194M | $1.237M | $1.110M |
YoY Change | 3.86% | 11.46% | -3.51% |
Income Tax | $0.00 | ||
% Of Pretax Income | 0.0% | ||
Net Earnings | $1.194M | $1.237M | $1.110M |
YoY Change | 3.86% | 11.46% | -3.51% |
Net Earnings / Revenue | 53.5% | 58.7% | 68.18% |
Basic Earnings Per Share | $0.11 | $0.10 | |
Diluted Earnings Per Share | $0.10 | $0.11 | $97.92K |
COMMON SHARES | |||
Basic Shares Outstanding | 11.49M shares | 11.49M shares | 11.33M shares |
Diluted Shares Outstanding | 11.49M shares | 11.33M shares |
Balance Sheet
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $103.5K | $109.7K | $109.7K |
YoY Change | -27.37% | 0.02% | -31.44% |
Cash & Equivalents | $103.5K | $543.0K | $109.7K |
Short-Term Investments | |||
Other Short-Term Assets | $433.3K | $0.00 | |
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $75.95M | $74.38M | $54.68M |
YoY Change | 13.68% | 36.02% | -7.09% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $262.2K | $275.9K | $330.8K |
YoY Change | -17.3% | -16.58% | 561.6% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $67.27K | $113.5K | $106.2K |
YoY Change | -10.64% | 6.86% | -11.51% |
Total Long-Term Assets | $329.5K | $389.4K | $437.0K |
YoY Change | -16.02% | -10.89% | 157.05% |
TOTAL ASSETS | |||
Total Short-Term Assets | $75.95M | $74.38M | $54.68M |
Total Long-Term Assets | $329.5K | $389.4K | $437.0K |
Total Assets | $76.28M | $74.77M | $55.12M |
YoY Change | 13.5% | 35.65% | -6.61% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $289.9K | $202.1K | $75.96K |
YoY Change | 88.02% | 166.01% | -41.57% |
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 | $2.396M | $2.281M | $529.5K |
YoY Change | 10.33% | 330.76% | -10.25% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $30.75M | $29.10M | $9.143M |
YoY Change | 44.19% | 218.22% | -63.95% |
Other Long-Term Liabilities | $273.5K | $286.4K | $336.6K |
YoY Change | -15.65% | -14.92% | 461.02% |
Total Long-Term Liabilities | $31.02M | $29.38M | $9.480M |
YoY Change | 43.3% | 209.95% | -62.71% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $2.396M | $2.281M | $529.5K |
Total Long-Term Liabilities | $31.02M | $29.38M | $9.480M |
Total Liabilities | $33.42M | $31.66M | $10.01M |
YoY Change | 40.29% | 216.34% | -61.5% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$1.885M | -$1.642M | |
YoY Change | 39.7% | ||
Common Stock | $11.76K | $11.76K | |
YoY Change | 0.0% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $798.9K | $798.9K | |
YoY Change | 0.0% | ||
Treasury Stock Shares | 262.1K shares | 262.1K shares | |
Shareholders Equity | $42.86M | $43.10M | $45.11M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $76.28M | $74.77M | $55.12M |
YoY Change | 13.5% | 35.65% | -6.61% |
Cashflow Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $1.194M | $1.237M | $1.110M |
YoY Change | 3.86% | 11.46% | -3.51% |
Depreciation, Depletion And Amortization | $710.00 | $630.00 | $570.00 |
YoY Change | 29.09% | 10.53% | |
Cash From Operating Activities | $1.148M | $1.172M | $1.121M |
YoY Change | -20.8% | 4.51% | -11.7% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $980.00 | $0.00 | $0.00 |
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$1.782M | -$3.398M | -$188.4K |
YoY Change | -85.32% | 1704.05% | -90.68% |
Cash From Investing Activities | -$1.783M | -$3.398M | -$188.4K |
YoY Change | -85.32% | 1704.05% | -90.68% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 195.8K | 2.651M | -976.6K |
YoY Change | -98.17% | -371.47% | -237.55% |
NET CHANGE | |||
Cash From Operating Activities | 1.148M | 1.172M | 1.121M |
Cash From Investing Activities | -1.783M | -3.398M | -188.4K |
Cash From Financing Activities | 195.8K | 2.651M | -976.6K |
Net Change In Cash | -439.4K | 425.4K | -43.50K |
YoY Change | -1437.31% | -1077.82% | 8.75% |
FREE CASH FLOW | |||
Cash From Operating Activities | $1.148M | $1.172M | $1.121M |
Capital Expenditures | $980.00 | $0.00 | $0.00 |
Free Cash Flow | $1.147M | $1.172M | $1.121M |
YoY Change | -20.87% | 4.51% | -11.7% |
Facts In Submission
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MANHATTAN BRIDGE CAPITAL, INC. | ||
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EarningsPerShareDiluted
|
0.11 | |
CY2021Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.10 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.35 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.32 | ||
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
11494945 | shares |
CY2021Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
11331902 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
11494945 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
10196868 | shares | |
CY2022Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
11494945 | shares |
CY2021Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
11331902 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
11494945 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
10196868 | shares | |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
43299929 | usd |
CY2022Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3266 | usd |
CY2022Q3 | us-gaap |
Stock Issued During Period Value Stock Dividend
StockIssuedDuringPeriodValueStockDividend
|
1436868 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1236741 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
43103068 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
33076519 | usd |
CY2021Q3 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
12354460 | usd |
CY2021Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3266 | usd |
CY2021Q3 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
1436868 | usd |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1109615 | usd |
CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
45106992 | 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
|
9798 | usd | |
us-gaap |
Dividends Common Stock
DividendsCommonStock
|
2873736 | usd | |
us-gaap |
Stock Issued During Period Value Stock Dividend
StockIssuedDuringPeriodValueStockDividend
|
1436868 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
4017632 | usd | |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
43103068 | usd |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
31964190 | usd |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
12354460 | usd | |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
9798 | usd | |
us-gaap |
Dividends Common Stock
DividendsCommonStock
|
2495062 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
3273606 | usd | |
CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
45106992 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
4017632 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
3273606 | usd | |
us-gaap |
Amortization Of Deferred Charges
AmortizationOfDeferredCharges
|
83401 | usd | |
us-gaap |
Amortization Of Deferred Charges
AmortizationOfDeferredCharges
|
66324 | usd | |
LOAN |
Adjustment To Operating Lease Rightofuse Asset And Liability
AdjustmentToOperatingLeaseRightofuseAssetAndLiability
|
3274 | usd | |
LOAN |
Adjustment To Operating Lease Rightofuse Asset And Liability
AdjustmentToOperatingLeaseRightofuseAssetAndLiability
|
2603 | usd | |
us-gaap |
Depreciation
Depreciation
|
1598 | usd | |
us-gaap |
Depreciation
Depreciation
|
1716 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
9798 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
9798 | usd | |
us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
176746 | usd | |
us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
168148 | usd | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
29164 | usd | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
28538 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
47890 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-92982 | usd | |
us-gaap |
Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
|
-61645 | usd | |
us-gaap |
Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
|
-85945 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
4019328 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
3150324 | usd | |
us-gaap |
Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
|
49241679 | usd | |
us-gaap |
Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
|
28534303 | usd | |
us-gaap |
Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
|
42255461 | usd | |
us-gaap |
Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
|
33058052 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1893 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-6988111 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
4523749 | usd | |
us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
7715637 | usd | |
us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
-16824722 | usd | |
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
4310604 | usd | |
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
3553256 | usd | |
us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
12354460 | usd | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
35819 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
3369214 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-8023518 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
400431 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-349445 | 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 |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
542977 | usd |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
109692 | 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
|
1036338 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
811610 | usd | |
LOAN |
Operating Leases Paid During Period
OperatingLeasesPaidDuringPeriod
|
47703 | usd | |
LOAN |
Operating Leases Paid During Period
OperatingLeasesPaidDuringPeriod
|
47600 | usd | |
LOAN |
Dividend Declared And Payable
DividendDeclaredAndPayable
|
1436868 | usd | |
CY2021Q1 | us-gaap |
Restricted Cash
RestrictedCash
|
327483 | usd |
CY2022Q3 | us-gaap |
Restricted Cash
RestrictedCash
|
433269 | usd |
CY2022Q3 | us-gaap |
Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
|
72701582 | usd |
CY2021Q4 | us-gaap |
Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
|
65715364 | usd |
CY2022Q4 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
890000 | usd |
CY2022Q3 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
23361607 | usd |
LOAN |
Agency Fee Percentage
AgencyFeePercentage
|
0.005 | pure | |
us-gaap |
Debt Instrument Term
DebtInstrumentTerm
|
P1Y | ||
CY2022Q3 | LOAN |
Line Of Credit Facility Interest Rate Percentage
LineOfCreditFacilityInterestRatePercentage
|
0.0714 | pure |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
9798 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
9798 | usd | |
LOAN |
Stock Issued During Period Shares Remaining Restricted Stock Award
StockIssuedDuringPeriodSharesRemainingRestrictedStockAward
|
1000000 | shares | |
CY2022Q3 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
51170 | usd |
CY2022Q3 | us-gaap |
Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
|
0.125 | |
CY2022Q3 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
1436868 | usd |
CY2022Q3 | us-gaap |
Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
|
2022-10-17 | |
CY2022Q3 | us-gaap |
Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
|
2022-10-11 |