Manhattan Bridge Capital Files Q2 2024 10-Q

TL;DR

MANHATTAN BRIDGE CAPITAL (CBD) FILED ITS Q2 10-Q. CHECK FINANCIALS.

AI Summary

Manhattan Bridge Capital, Inc. filed its 10-Q for the period ending June 30, 2024. The filing provides financial updates for the second quarter of 2024. Key financial data and operational details are presented as required by the SEC.

Why It Matters

This filing provides investors with the latest financial performance and disclosures for Manhattan Bridge Capital, Inc., crucial for understanding the company's current health and future prospects.

Risk Assessment

Risk Level: low — This is a routine quarterly filing (10-Q) and does not appear to contain any immediately alarming information.

Key Players & Entities

• MANHATTAN BRIDGE CAPITAL, INC (company) — Filer
• 20240630 (date) — Reporting Period End Date
• 20240722 (date) — Filing Date
• 60 CUTTER MILL RD., SUITE 205, GREAT NECK, NY 11021 (address) — Company Business and Mail Address

FAQ

Key Financial Figures

• $20 million — r. Further, the Company may issue up to $20 million in bonds through its subsidiary, of whi
• $10 million — its subsidiary, of which not more than $10 million of such bonds may be secured by mortgag

Filing Documents

• form10-q.htm (10-Q) — 450KB
• ex31-1.htm (EX-31.1) — 15KB
• ex31-2.htm (EX-31.2) — 16KB
• ex32-1.htm (EX-32.1) — 6KB
• ex32-2.htm (EX-32.2) — 6KB
• 0001493152-24-028628.txt ( ) — 2382KB
• loan-20240630.xsd (EX-101.SCH) — 23KB
• loan-20240630_cal.xml (EX-101.CAL) — 32KB
• loan-20240630_def.xml (EX-101.DEF) — 74KB
• loan-20240630_lab.xml (EX-101.LAB) — 196KB
• loan-20240630_pre.xml (EX-101.PRE) — 139KB
• form10-q_htm.xml (XML) — 182KB

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 10 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 13 Item 4.

Controls and Procedures

Controls and Procedures 13 Part II OTHER INFORMATION Item 6. Exhibits 14

SIGNATURES

SIGNATURES 15 EXHIBITS Forward Looking Statements This report contains forward-looking statements within the meaning of section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements are typically identified by the words "believe," "expect," "intend," "estimate" and similar expressions. Those statements appear in a number of places in this report and include statements regarding our intent, belief or current expectations or those of our directors or officers with respect to, among other things, trends affecting our financial condition and results of operations and our business and growth strategies. These forward-looking projected, expressed or implied in the forward-looking statements as a result of various factors (such factors are referred to herein as "Cautionary Statements"), including but not limited to the following: (i) our loan origination activities, revenues and profits are limited by available funds; (ii) we operate in a highly competitive market and competition may limit our ability to originate loans with favorable interest rates; (iii) our Chief Executive Officer is critical to our business and our future success may depend on our ability to retain him; (iv) if we overestimate the yields on our loans or incorrectly value the collateral securing the loan, we may experience losses; (v) we may be subject to "lender liability" claims; (vi) our due diligence may not uncover all of a borrower's liabilities or other risks to its business; (vii) borrower concentration could lead to significant losses; (viii) we may choose to make distributions in our own stock, in which case you may be required to pay income taxes in excess of the cash dividends you receive; and (ix) an increase in interest rates may impact our profitability. The accompanying information contained in th

View Full Filing

View this 10-Q filing on SEC EDGAR