$LOAN
Manhattan Bridge Capital Inc

2024 Q3 Form 10-Q Financial Statement

#000149315224028628 Filed on July 22, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $2.313M $2.443M
YoY Change -4.95% 1.83%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $380.5K $434.3K
YoY Change 0.87% 8.3%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.270K $1.150K
YoY Change 20.95% 8.49%
% of Gross Profit
Operating Expenses $381.3K $434.8K
YoY Change 1.0% 8.16%
Operating Profit $1.395M $1.405M
YoY Change -3.26% 0.23%
Interest Expense -$537.2K -$603.2K
YoY Change -12.56% 1.31%
% of Operating Profit -38.52% -42.93%
Other Income/Expense, Net $4.500K $4.500K
YoY Change 0.0% -77.92%
Pretax Income $1.399M $1.410M
YoY Change -3.25% -0.89%
Income Tax $650.00
% Of Pretax Income 0.05%
Net Earnings $1.399M $1.409M
YoY Change -3.25% -0.89%
Net Earnings / Revenue 60.49% 57.67%
Basic Earnings Per Share $0.12 $0.12
Diluted Earnings Per Share $0.12 $0.12
COMMON SHARES
Basic Shares Outstanding 11.44M shares 11.44M shares
Diluted Shares Outstanding 11.44M shares 11.44M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $167.9K $105.9K
YoY Change 26.07% -57.44%
Cash & Equivalents $167.9K $105.9K
Short-Term Investments
Other Short-Term Assets $0.00 $0.00
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $70.42M $68.45M
YoY Change -2.56% -4.04%
LONG-TERM ASSETS
Property, Plant & Equipment $167.2K $180.5K
YoY Change -24.35% -23.14%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $118.8K $157.4K
YoY Change -9.16% -6.73%
Total Long-Term Assets $286.1K $337.9K
YoY Change -18.7% -16.28%
TOTAL ASSETS
Total Short-Term Assets $70.42M $68.45M
Total Long-Term Assets $286.1K $337.9K
Total Assets $70.70M $68.79M
YoY Change -2.64% -4.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $211.8K $242.3K
YoY Change -10.33% 4.54%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.146M $2.204M
YoY Change -2.24% -0.2%
LONG-TERM LIABILITIES
Long-Term Debt $25.05M $23.21M
YoY Change -8.03% -12.28%
Other Long-Term Liabilities $230.5K $193.8K
YoY Change -1.47% -26.81%
Total Long-Term Liabilities $25.29M $23.40M
YoY Change -7.97% -12.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.146M $2.204M
Total Long-Term Liabilities $25.29M $23.40M
Total Liabilities $27.43M $25.61M
YoY Change -7.55% -11.49%
SHAREHOLDERS EQUITY
Retained Earnings -$1.229M -$1.313M
YoY Change -24.54% -26.5%
Common Stock $11.76K $11.76K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.070M $1.070M
YoY Change 8.71% 11.07%
Treasury Stock Shares
Shareholders Equity $43.27M $43.18M
YoY Change
Total Liabilities & Shareholders Equity $70.70M $68.79M
YoY Change -2.64% -4.11%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $1.399M $1.409M
YoY Change -3.25% -0.89%
Depreciation, Depletion And Amortization $1.270K $1.150K
YoY Change 20.95% 8.49%
Cash From Operating Activities $1.357M $1.395M
YoY Change -4.39% -0.54%
INVESTING ACTIVITIES
Capital Expenditures $2.830K $1.190K
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$1.802M $5.736M
YoY Change 82.5% 168.2%
Cash From Investing Activities -$1.805M $5.735M
YoY Change 82.79% 168.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 509.3K -7.423M
YoY Change -192.95% 120.42%
NET CHANGE
Cash From Operating Activities 1.357M 1.395M
Cash From Investing Activities -1.805M 5.735M
Cash From Financing Activities 509.3K -7.423M
Net Change In Cash 61.93K -292.7K
YoY Change -153.52% -268.53%
FREE CASH FLOW
Cash From Operating Activities $1.357M $1.395M
Capital Expenditures $2.830K $1.190K
Free Cash Flow $1.354M $1.394M
YoY Change -4.59% -0.62%

Facts In Submission

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LOAN Dividend Declared And Payable
DividendDeclaredAndPayable
1289428 usd
LOAN Loan Holdback Relating To Mortgage Receivable
LoanHoldbackRelatingToMortgageReceivable
17500 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1587773 usd
us-gaap Debt Instrument Term
DebtInstrumentTerm
P1Y
CY2024Q2 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
66859733 usd
CY2023Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
73048403 usd
CY2023Q1 us-gaap Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
485000 usd
CY2024Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
17345510 usd
CY2024Q2 LOAN Percentage Of Agency Fee
PercentageOfAgencyFee
0.005 pure
CY2024Q2 LOAN Line Of Credit Facility Interest Rate Percentage
LineOfCreditFacilityInterestRatePercentage
0.089 pure
CY2024Q2 us-gaap Share Based Compensation
ShareBasedCompensation
3266 usd
CY2023Q2 us-gaap Share Based Compensation
ShareBasedCompensation
3266 usd
us-gaap Share Based Compensation
ShareBasedCompensation
6532 usd
us-gaap Share Based Compensation
ShareBasedCompensation
6532 usd
LOAN Stock Issued During Period Shares Remaining Restricted Stock Award
StockIssuedDuringPeriodSharesRemainingRestrictedStockAward
1000000 shares
CY2024Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
28307 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Rights
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingRights
One third of such restricted shares shall vest on each of September 9, 2026, September 9, 2027, and September 9, 2028, respectively.
CY2024Q1 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.115
CY2024Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
1315445 usd

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