$LOAN
MANHATTAN BRIDGE CAPITAL, INC
CIK:0001080340|SEC Filings
Consolidated Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Revenue: | ||||
| Interest income from loans | $ 1,738,065 | $ 1,899,403 | $ 3,437,395 | $ 3,733,317 |
| Origination fees | 307,138 | 455,833 | 675,452 | 895,632 |
| Total revenue | 2,045,203 | 2,355,236 | 4,112,847 | 4,628,949 |
| Operating costs and expenses: | ||||
| Interest and amortization of deferred financing costs | 398,960 | 506,250 | 762,208 | 957,615 |
| Referral fees | 1,646 | 1,523 | 5,611 | 1,667 |
| General and administrative expenses | 495,150 | 437,785 | 925,757 | 891,355 |
| Total operating costs and expenses | 895,756 | 945,558 | 1,693,576 | 1,850,637 |
| Income from operations | 1,149,447 | 1,409,678 | 2,419,271 | 2,778,312 |
| Other income | 4,500 | 4,500 | 9,000 | 9,000 |
| Income before income tax expense | 1,153,947 | 1,414,178 | 2,428,271 | 2,787,312 |
| Income tax expense | (1,300) | (1,210) | (1,300) | (1,210) |
| Net income | $ 1,152,647 | $ 1,412,968 | $ 2,426,971 | $ 2,786,102 |
| Basic and diluted net income per common share outstanding: | ||||
| —Basic | $ 0.10 | $ 0.12 | $ 0.21 | $ 0.24 |
| —Diluted | $ 0.10 | $ 0.12 | $ 0.21 | $ 0.24 |
| Weighted average number of common shares outstanding: | ||||
| —Basic | 11,427,357 | 11,438,651 | 11,429,033 | 11,438,651 |
| —Diluted | 11,427,357 | 11,438,651 | 11,429,033 | 11,438,651 |
Consolidated Balance Sheets - USD ($) |
Jun. 30, 2026 |
Dec. 31, 2025 |
|---|---|---|
| Assets | ||
| Loans receivable, net of deferred origination and other fees | $ 61,772,768 | $ 60,218,841 |
| Interest and other fees receivable on loans | 1,637,865 | 1,642,825 |
| Cash | 229,547 | 204,889 |
| Cash – restricted | 27,000 | 23,350 |
| Other assets | 125,809 | 60,742 |
| Right-of-use asset – operating lease, net | 74,819 | 101,226 |
| Deferred financing costs, net | 125,716 | 98,858 |
| Total assets | 63,993,524 | 62,350,731 |
| Liabilities: | ||
| Lines of credit | 19,309,466 | 17,601,132 |
| Accounts payable and accrued expenses | 190,002 | 173,247 |
| Operating lease liability | 83,689 | 112,076 |
| Loan holdback | 164,598 | 50,000 |
| Dividends payable | 1,256,806 | 1,314,732 |
| Total liabilities | 21,004,561 | 19,251,187 |
| Commitments and contingencies | ||
| Stockholders’ equity: | ||
| Preferred shares - $.01 par value; 5,000,000 shares authorized; none issued and outstanding | ||
| Common shares - $.001 par value; 25,000,000 shares authorized; 11,757,058 issued; 11,425,509 and 11,432,451 outstanding, respectively | 11,757 | 11,757 |
| Additional paid-in capital | 45,581,538 | 45,575,006 |
| Less: Treasury shares, at cost – 331,549 and 324,607 shares, respectively | (1,129,013) | (1,098,964) |
| Accumulated deficit | (1,475,319) | (1,388,255) |
| Total stockholders’ equity | 42,988,963 | 43,099,544 |
| Total liabilities and stockholders’ equity | $ 63,993,524 | $ 62,350,731 |