$MGHL
MORGAN GROUP HOLDING CO

2014 Q2 Form 10-Q Financial Statement

#000120677414001623 Filed on May 14, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2014 Q1 2013 Q1
Revenue
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $30.00K $50.00K $30.00K
YoY Change 200.0% 66.67% 50.0%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00 $163.00 $163.00
YoY Change 0.0%
% of Gross Profit
Operating Expenses $30.00K $50.00K $30.00K
YoY Change 200.0% 66.67% 50.0%
Operating Profit
YoY Change
Interest Expense $0.00 $0.00 $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$26.58K -$48.38K -$26.32K
YoY Change 120.74% 83.83% 31.58%
Income Tax
% Of Pretax Income
Net Earnings -$26.58K -$48.38K -$26.32K
YoY Change 120.74% 83.83% 31.58%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$8.929K -$14.88K -$8.929K
COMMON SHARES
Basic Shares Outstanding 3.359M shares 3.359M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q2 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $210.0K $260.0K $320.0K
YoY Change -32.26% -18.75% -3.03%
Cash & Equivalents $211.2K $255.5K $321.5K
Short-Term Investments $0.00 $0.00
Other Short-Term Assets $10.00K $10.00K $10.00K
YoY Change 0.0% 0.0%
Inventory
Prepaid Expenses $8.068K $14.11K $12.06K
Receivables
Other Receivables
Total Short-Term Assets $219.3K $269.6K $333.6K
YoY Change -31.26% -19.18% 1.08%
LONG-TERM ASSETS
Property, Plant & Equipment $899.00 $1.062K $1.716K
YoY Change -42.11% -38.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $899.00 $1.062K $1.716K
YoY Change -42.11% -38.11%
TOTAL ASSETS
Total Short-Term Assets $219.3K $269.6K $333.6K
Total Long-Term Assets $899.00 $1.062K $1.716K
Total Assets $220.2K $270.6K $335.3K
YoY Change -31.31% -19.28% 1.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $23.87K $4.641K
YoY Change 414.37% -53.59%
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 $23.87K $4.641K
YoY Change 414.37% -53.59%
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 $23.87K $4.641K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $23.87K $4.641K
YoY Change 414.37% -53.59%
SHAREHOLDERS EQUITY
Retained Earnings -$5.586M -$5.559M -$5.475M
YoY Change 1.79% 1.53%
Common Stock $5.806M $5.806M $5.806M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $220.2K $246.8K $330.6K
YoY Change
Total Liabilities & Shareholders Equity $220.2K $270.6K $335.3K
YoY Change -31.31% -19.28% 1.6%

Cashflow Statement

Concept 2014 Q2 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income -$26.58K -$48.38K -$26.32K
YoY Change 120.74% 83.83% 31.58%
Depreciation, Depletion And Amortization $0.00 $163.00 $163.00
YoY Change 0.0%
Cash From Operating Activities -$40.00K -$28.83K -$44.01K
YoY Change 300.0% -34.5% 340.11%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $280.0K $0.00
YoY Change -100.0%
Cash From Investing Activities $0.00 $275.3K
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 $10.00K
YoY Change
NET CHANGE
Cash From Operating Activities -40.00K -$28.83K -$44.01K
Cash From Investing Activities 0.000 $275.3K
Cash From Financing Activities 0.000 $10.00K
Net Change In Cash -40.00K $246.5K -$34.01K
YoY Change 300.0% -824.73% -128.34%
FREE CASH FLOW
Cash From Operating Activities -$40.00K -$28.83K -$44.01K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2014Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
5772368 USD
CY2013Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
5772368 USD
CY2013Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
5772368 USD
CY2014Q1 us-gaap Assets
Assets
270640 USD
CY2013Q4 us-gaap Assets
Assets
295145 USD
CY2013Q1 us-gaap Assets
Assets
335279 USD
CY2014Q1 us-gaap Assets Current
AssetsCurrent
269578 USD
CY2013Q4 us-gaap Assets Current
AssetsCurrent
293919 USD
CY2013Q1 us-gaap Assets Current
AssetsCurrent
333563 USD
CY2014Q1 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2014Q1 dei Entity Registrant Name
EntityRegistrantName
MORGAN GROUP HOLDING CO
CY2002Q1 mghl Shares Retained During Period
SharesRetainedDuringPeriod
235294 shares
CY2014Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
23872 USD
CY2013Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
USD
CY2013Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
4641 USD
CY2014Q1 dei Amendment Flag
AmendmentFlag
false
CY2014Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2014Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2014Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014Q1 dei Document Period End Date
DocumentPeriodEndDate
2014-03-31
CY2014Q1 dei Document Type
DocumentType
10-Q
CY2014Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001162283
CY2014Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
3359055 shares
CY2014Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
255469 USD
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
8981 USD
CY2013Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
321507 USD
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
355518 USD
CY2014Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
246488 USD
CY2013Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-34011 USD
CY2014Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2013Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2013Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2014Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2013Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2014Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
10000000 shares
CY2013Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
10000000 shares
CY2013Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
10000000 shares
CY2014Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
3359055 shares
CY2013Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
3359055 shares
CY2013Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
3359055 shares
CY2014Q1 us-gaap Common Stock Value
CommonStockValue
33591 USD
CY2013Q4 us-gaap Common Stock Value
CommonStockValue
33591 USD
CY2013Q1 us-gaap Common Stock Value
CommonStockValue
33591 USD
CY2014Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
177420000000 USD
CY2014Q1 us-gaap Depreciation
Depreciation
163 USD
CY2014Q1 us-gaap Liabilities
Liabilities
23872 USD
CY2013Q4 us-gaap Liabilities
Liabilities
USD
CY2013Q1 us-gaap Liabilities
Liabilities
4641 USD
CY2014Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
270640 USD
CY2013Q1 us-gaap Depreciation
Depreciation
163 USD
CY2014Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.01
CY2013Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.01
CY2014Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
47834 USD
CY2013Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
26327 USD
CY2014Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-48377 USD
CY2013Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-26316 USD
CY2014Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
USD
CY2013Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
USD
CY2014Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
CY2013Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
CY2014Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
23872 USD
CY2013Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-11733 USD
CY2014Q1 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
5027 USD
CY2013Q1 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
6125 USD
CY2014Q1 us-gaap Interest Paid
InterestPaid
USD
CY2013Q1 us-gaap Interest Paid
InterestPaid
USD
CY2014Q1 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
USD
CY2013Q1 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
11 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
295145 USD
CY2013Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
335279 USD
CY2014Q1 us-gaap Liabilities Current
LiabilitiesCurrent
23872 USD
CY2013Q4 us-gaap Liabilities Current
LiabilitiesCurrent
USD
CY2013Q1 us-gaap Liabilities Current
LiabilitiesCurrent
4641 USD
CY2014Q1 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
USD
CY2013Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
275857 USD
CY2013Q1 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
USD
CY2014Q1 us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
-4781 USD
CY2013Q1 us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
USD
CY2014Q1 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
4238 USD
CY2013Q1 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
USD
CY2014Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
USD
CY2014Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
14109 USD
CY2013Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
9081 USD
CY2013Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
12056 USD
CY2014Q1 us-gaap Proceeds From Interest And Dividends Received
ProceedsFromInterestAndDividendsReceived
USD
CY2013Q1 us-gaap Proceeds From Interest And Dividends Received
ProceedsFromInterestAndDividendsReceived
11 USD
CY2014Q1 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
USD
CY2013Q1 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
10000 USD
CY2014Q1 us-gaap Proceeds From Payments For Trading Securities
ProceedsFromPaymentsForTradingSecurities
275314 USD
CY2013Q1 us-gaap Proceeds From Payments For Trading Securities
ProceedsFromPaymentsForTradingSecurities
USD
CY2014Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1062 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
10000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
275314 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
USD
CY2014Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-28826 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-44011 USD
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
-48377 USD
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
-26316 USD
CY2014Q1 us-gaap Net Realized Or Unrealized Gain Loss On Trading Securities
NetRealizedOrUnrealizedGainLossOnTradingSecurities
-543 USD
CY2013Q1 us-gaap Net Realized Or Unrealized Gain Loss On Trading Securities
NetRealizedOrUnrealizedGainLossOnTradingSecurities
USD
CY2014Q1 us-gaap Payments To Suppliers
PaymentsToSuppliers
28826 USD
CY2013Q1 us-gaap Payments To Suppliers
PaymentsToSuppliers
44022 USD
CY2014Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2013Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2014Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2013Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2014Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2013Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2013Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q1 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2013Q4 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2013Q1 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1226 USD
CY2013Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1716 USD
CY2014Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-5559191 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-5510814 USD
CY2013Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-5475321 USD
CY2014Q1 us-gaap Sales Revenue Net
SalesRevenueNet
USD
CY2013Q1 us-gaap Sales Revenue Net
SalesRevenueNet
USD
CY2014Q1 us-gaap Stockholders Equity
StockholdersEquity
246768 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
295145 USD
CY2013Q1 us-gaap Stockholders Equity
StockholdersEquity
330638 USD
CY2002Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
2820051 shares
CY2014Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
3359055 shares
CY2013Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
3359055 shares

Files In Submission

Name View Source Status
0001206774-14-001623-index-headers.html Edgar Link pending
0001206774-14-001623-index.html Edgar Link pending
0001206774-14-001623.txt Edgar Link pending
0001206774-14-001623-xbrl.zip Edgar Link pending
exhibit31-1.htm Edgar Link pending
exhibit31-2.htm Edgar Link pending
exhibit32-1.htm Edgar Link pending
exhibit32-2.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
mghl-20140331.xml Edgar Link completed
mghl-20140331.xsd Edgar Link pending
mghl-20140331_cal.xml Edgar Link unprocessable
mghl-20140331_def.xml Edgar Link unprocessable
mghl-20140331_lab.xml Edgar Link unprocessable
mghl-20140331_pre.xml Edgar Link unprocessable
morgan_10q.htm 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
R2.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