Manhattan Bridge Capital Files Q3 2024 10-Q

TL;DR

MANHATTAN BRIDGE CAPITAL (REIT) FILED Q3 2024 10-Q. CHECK FINANCIALS.

AI Summary

Manhattan Bridge Capital, Inc. filed its Q3 2024 10-Q report on October 23, 2024, covering the period ending September 30, 2024. The company, a Real Estate Investment Trust, is incorporated in New York and its fiscal year ends on December 31. The filing details financial performance and operational updates for the third quarter.

Why It Matters

This filing provides investors with the latest financial performance data for Manhattan Bridge Capital, Inc., crucial for understanding the company's current health and future prospects in the real estate investment trust sector.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing standard financial information, not indicating any immediate or unusual risks.

Key Numbers

• 20240930 — Reporting Period End Date (Covers the third quarter of 2024.)
• 20241023 — Filing Date (Date the 10-Q was officially submitted to the SEC.)
• 1231 — Fiscal Year End (Indicates the company's financial year concludes on December 31st.)

Key Players & Entities

• MANHATTAN BRIDGE CAPITAL, INC (company) — Filer
• 60 CUTTER MILL RD., SUITE 205, GREAT NECK, NY 11021 (location) — Business and Mail Address
• 113474831 (identifier) — IRS Number
• 000-25991 (identifier) — SEC File Number

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
• $1,000,000 — uch guaranty will not exceed the sum of $1,000,000 plus any costs relating to the enforcem

Filing Documents

• form10-q.htm (10-Q) — 430KB
• ex31-1.htm (EX-31.1) — 16KB
• ex31-2.htm (EX-31.2) — 16KB
• ex32-1.htm (EX-32.1) — 6KB
• ex32-2.htm (EX-32.2) — 6KB
• 0001493152-24-042160.txt ( ) — 2329KB
• loan-20240930.xsd (EX-101.SCH) — 23KB
• loan-20240930_cal.xml (EX-101.CAL) — 33KB
• loan-20240930_def.xml (EX-101.DEF) — 70KB
• loan-20240930_lab.xml (EX-101.LAB) — 193KB
• loan-20240930_pre.xml (EX-101.PRE) — 136KB
• form10-q_htm.xml (XML) — 178KB

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 12 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 16 Item 4.

Controls and Procedures

Controls and Procedures 16 Part II OTHER INFORMATION Item 6. Exhibits 16

SIGNATURES

SIGNATURES 17 EXHIBITS 2 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 i

View Full Filing

View this 10-Q filing on SEC EDGAR