MANHATTAN BRIDGE CAPITAL INC
For the period ended Dec 31, 2024. Filed Mar 12, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 12, 2025
LOAN$3.37+0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Balance Sheets at December 31, 2024 and 2023
December 31, 2024 and 2023
| 2024 | 2023 | |
|---|---|---|
| Assets | ||
| Loans receivable | $65,974,265 | $73,048,403 |
| Interest and other fees receivable on loans | 1,521,033 | 1,395,905 |
| Cash | 178,012 | 104,222 |
| Cash - restricted | 23,750 | 1,587,773 |
| Other assets | 62,080 | 63,636 |
| Right-of-use asset - operating lease, net | 154,039 | 207,364 |
| Deferred financing costs, net | 16,171 | 27,583 |
| Total assets | $67,929,350 | $76,434,886 |
| Liabilities and Stockholders’ Equity | ||
| Liabilities: | ||
| Line of credit | $16,427,874 | $25,152,338 |
| Senior secured notes (net of deferred financing costs of $96,985 and $172,069, respectively) | 5,903,015 | 5,827,931 |
| Deferred origination fees | 568,534 | 719,019 |
| Accounts payable and accrued expenses | 232,236 | 295,292 |
| Operating lease liability | 167,119 | 220,527 |
| Loan holdback | 50,000 | — |
| Dividends payable | 1,315,445 | 1,287,073 |
| Total liabilities | 24,664,223 | 33,502,180 |
| Commitments and contingencies | - | - |
| Stockholders’ equity: | ||
| Preferred shares - $.01 par value; 5,000,000 shares authorized; none issued | — | — |
| Common shares - $.001 par value; 25,000,000 shares authorized; 11,757,058 issued; 11,438,651 and 11,440,651 outstanding, respectively | 11,757 | 11,757 |
| Additional paid-in capital | 45,561,941 | 45,548,876 |
| Less: Treasury stock, at cost – 318,407 and 316,407 shares | (1,070,406) | (1,060,606) |
| Accumulated deficit | (1,238,165) | (1,567,321) |
| Total stockholders’ equity | 43,265,127 | 42,932,706 |
| Total liabilities and stockholders’ equity | $67,929,350 | $76,434,886 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.