$LOAN
Manhattan Bridge Capital Inc

2023 Q2 Form 10-Q Financial Statement

#000149315223012914 Filed on April 19, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $2.399M $2.398M $2.115M
YoY Change 13.35% 13.37% 22.26%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $401.0K $496.1K $361.5K
YoY Change 3.82% 37.24% 16.61%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.060K $892.00 $470.00
YoY Change 112.0% 89.79%
% of Gross Profit
Operating Expenses $402.0K $496.4K $362.9K
YoY Change 3.55% 36.8% 17.05%
Operating Profit $1.402M $1.255M $1.420M
YoY Change 3.68% -11.63%
Interest Expense -$595.4K -$646.3K -$331.9K
YoY Change 58.2% 94.74% 3.7%
% of Operating Profit -42.47% -51.49% -23.36%
Other Income/Expense, Net $20.38K $4.500K $4.500K
YoY Change 352.89% 0.0%
Pretax Income $1.422M $1.260M $1.425M
YoY Change 4.84% -11.6% 28.37%
Income Tax $650.00
% Of Pretax Income 0.05%
Net Earnings $1.422M $1.260M $1.425M
YoY Change 4.84% -11.6% 28.37%
Net Earnings / Revenue 59.25% 52.53% 67.37%
Basic Earnings Per Share $0.12 $0.11 $0.12
Diluted Earnings Per Share $0.12 $0.11 $124.0K
COMMON SHARES
Basic Shares Outstanding 11.49M shares 11.49M shares 11.49M shares
Diluted Shares Outstanding 11.48M shares 11.49M shares 11.49M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $248.9K $75.19K $145.4K
YoY Change 111.59% -48.28% -30.78%
Cash & Equivalents $248.9K $75.19K $145.4K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $71.33M $73.28M $69.61M
YoY Change 1.22% 5.27% 16.78%
LONG-TERM ASSETS
Property, Plant & Equipment $234.8K $248.5K $303.4K
YoY Change -18.94% -18.08% -15.73%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $168.8K $136.1K $132.7K
YoY Change 5.85% 2.57% 32.67%
Total Long-Term Assets $403.6K $384.6K $436.0K
YoY Change -10.14% -11.8% -5.21%
TOTAL ASSETS
Total Short-Term Assets $71.33M $73.28M $69.61M
Total Long-Term Assets $403.6K $384.6K $436.0K
Total Assets $71.74M $73.67M $70.05M
YoY Change 1.15% 5.17% 16.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $231.7K $261.8K $148.2K
YoY Change 25.05% 76.66% 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 $2.208M $2.206M $2.273M
YoY Change -5.43% -2.97% 298.83%
LONG-TERM LIABILITIES
Long-Term Debt $26.46M $28.35M $24.09M
YoY Change 5.89% 17.71% -7.57%
Other Long-Term Liabilities $264.8K $278.0K $311.8K
YoY Change -11.48% -10.84% -13.4%
Total Long-Term Liabilities $26.73M $28.63M $24.40M
YoY Change 5.69% 17.35% -7.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.208M $2.206M $2.273M
Total Long-Term Liabilities $26.73M $28.63M $24.40M
Total Liabilities $28.93M $30.84M $26.67M
YoY Change 4.75% 15.61% -1.18%
SHAREHOLDERS EQUITY
Retained Earnings -$1.786M -$1.919M
YoY Change 23.86%
Common Stock $11.76K $11.76K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $963.7K $798.9K
YoY Change 20.63%
Treasury Stock Shares
Shareholders Equity $42.80M $42.83M $43.38M
YoY Change
Total Liabilities & Shareholders Equity $71.74M $73.67M $70.05M
YoY Change 1.15% 5.17% 16.61%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income $1.422M $1.260M $1.425M
YoY Change 4.84% -11.6% 28.37%
Depreciation, Depletion And Amortization $1.060K $892.00 $470.00
YoY Change 112.0% 89.79%
Cash From Operating Activities $1.402M $1.315M $1.455M
YoY Change 0.72% -9.62% 37.25%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $5.085K
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities $2.139M $2.551M -$2.723M
YoY Change -347.17% -193.68% 598.2%
Cash From Investing Activities $2.139M $2.546M -$2.723M
YoY Change -346.63% -193.49% 598.2%
FINANCING ACTIVITIES
Cash Dividend Paid $1.437M $1.437M
YoY Change 0.0%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.368M -$3.889M 1.271M
YoY Change 509.07% -406.0% -236.66%
NET CHANGE
Cash From Operating Activities 1.402M $1.315M 1.455M
Cash From Investing Activities 2.139M $2.546M -2.723M
Cash From Financing Activities -3.368M -$3.889M 1.271M
Net Change In Cash 173.7K -$28.35K 2.820K
YoY Change -726.1% -1105.25% -101.08%
FREE CASH FLOW
Cash From Operating Activities $1.402M $1.315M $1.455M
Capital Expenditures $0.00 $5.085K
Free Cash Flow $1.402M $1.310M $1.455M
YoY Change 0.58% -9.97% 37.25%

Facts In Submission

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CY2023Q1 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
71950185 usd
CY2022Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
74483463 usd
CY2023Q1 us-gaap Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
485000 usd
CY2023Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
22580277 usd
CY2023Q1 LOAN Agency Fee Percentage
AgencyFeePercentage
0.005 pure
CY2023Q1 LOAN Line Of Credit Facility Interest Rate Percentage
LineOfCreditFacilityInterestRatePercentage
0.084 pure
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
3266 usd
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
3266 usd
CY2023Q1 LOAN Stock Issued During Period Shares Remaining Restricted Stock Award
StockIssuedDuringPeriodSharesRemainingRestrictedStockAward
1000000 shares
CY2023Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
44637 usd
CY2023Q1 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.1125
CY2023Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
1293181 usd
CY2023Q1 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2023-04-17
CY2023Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2023-04-10

Files In Submission

Name View Source Status
0001493152-23-012914-index-headers.html Edgar Link pending
0001493152-23-012914-index.html Edgar Link pending
0001493152-23-012914.txt Edgar Link pending
0001493152-23-012914-xbrl.zip Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32-1.htm Edgar Link pending
ex32-2.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
loan-20230331.xsd Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
loan-20230331_def.xml Edgar Link unprocessable
loan-20230331_cal.xml Edgar Link unprocessable
loan-20230331_lab.xml Edgar Link unprocessable
loan-20230331_pre.xml Edgar Link unprocessable
form10-q_htm.xml Edgar Link completed
FilingSummary.xml Edgar Link unprocessable