CreditRiskMonitor.com Inc. Files 2023 Annual Report (10-K)

TL;DR

<b>CreditRiskMonitor.com Inc. (CRMZ) has filed its 2023 10-K report, detailing financial performance and corporate history.</b>

AI Summary

CREDITRISKMONITOR COM INC (CRMZ) filed a Annual Report (10-K) with the SEC on March 21, 2024. CreditRiskMonitor.com Inc. filed its 10-K report for the fiscal year ending December 31, 2023. The company was formerly known as NEW GENERATION FOODS INC, with a name change on July 3, 1992. Incorporated in Nevada, the company operates in the Consumer Credit Reporting and Collection Agencies sector (SIC 7320). The filing includes financial data for the fiscal years 2023, 2022, and 2021. Key financial statement components like Additional Paid-In Capital, Common Stock, and Retained Earnings are detailed for these periods.

Why It Matters

For investors and stakeholders tracking CREDITRISKMONITOR COM INC, this filing contains several important signals. This 10-K filing provides a comprehensive overview of CreditRiskMonitor.com Inc.'s financial health and operational status for the fiscal year 2023, crucial for investors assessing the company's performance and future prospects. The report's detailed financial data, including equity and retained earnings, allows stakeholders to track the company's financial evolution and compare its performance against previous years and industry benchmarks.

Risk Assessment

Risk Level: low — CREDITRISKMONITOR COM INC shows low risk based on this filing. The filing is a standard 10-K annual report, indicating routine disclosure rather than an immediate event-driven risk.

Analyst Insight

Investors should review the detailed financial statements and risk factors within the 10-K to understand CreditRiskMonitor.com Inc.'s financial position and strategic outlook.

Key Numbers

• 20231231 — Fiscal Year End (Conformed period of report)
• 20240321 — Filing Date (Filed as of date)
• 7320 — SIC Code (Standard Industrial Classification)
• 001-08601 — SEC File Number (SEC file number)

Key Players & Entities

• CREDITRISKMONITOR COM INC (company) — Filer name
• NEW GENERATION FOODS INC (company) — Former company name
• NV (location) — State of incorporation
• NY (location) — State of business address
• 704 EXECUTIVE BOULEVARD (address) — Business street address
• VALLEY COTTAGE (address) — Business city
• 10989 (address) — Business zip code
• 845-230-3000 (phone) — Business phone number

FAQ

Key Dates

• 1992-07-03: Name Change — Company formerly known as NEW GENERATION FOODS INC
• 2023-12-31: Fiscal Year End — Period covered by the 10-K report
• 2024-03-21: Filing Date — Date the 10-K report was filed

Glossary

10-K

An annual report required by the U.S. Securities and Exchange Commission (SEC), which gives a comprehensive summary of a company's financial performance. (This filing provides the primary source of detailed financial and operational information for CreditRiskMonitor.com Inc. for the fiscal year 2023.)

SIC Code

Standard Industrial Classification code used to classify businesses based on their primary activity. (Indicates CreditRiskMonitor.com Inc. operates in the Consumer Credit Reporting, Collection Agencies sector (7320).)

Key Financial Figures

• $20,000 — ) transaction: the purchase and sale of $20,000 of merchandise, the seller will usually
• $10 — 10% pre-tax margin, it will take about $10 of sales to offset each $1 of bad debt)
• $1 — take about $10 of sales to offset each $1 of bad debt). 2 Academic research ha
• $888.1 million — & Risk vertical generated approximately $888.1 million in North America (i.e., U.S. and Canada
• $448.6 million — rth America (i.e., U.S. and Canada) and $448.6 million in the rest of the world for a total of
• $1,337 million — rest of the world for a total of almost $1,337 million for 2023. The remainder of the market i
• $3 — rent trade credit file is approximately $3 trillion of transaction data annually.
• $100 — e companies worldwide representing over $100 trillion in corporate revenue. (b) T

Filing Documents

• ef20015334_10k.htm (10-K) — 1010KB
• ef20015334_ex23.htm (EX-23) — 2KB
• ef20015334_ex31-1.htm (EX-31.1) — 12KB
• ef20015334_ex31-2.htm (EX-31.2) — 11KB
• ef20015334_ex32-1.htm (EX-32.1) — 5KB
• ef20015334_ex32-2.htm (EX-32.2) — 5KB
• 0001140361-24-014541.txt (&nbsp;) — 4970KB
• crmz-20231231.xsd (EX-101.SCH) — 32KB
• crmz-20231231_cal.xml (EX-101.CAL) — 59KB
• crmz-20231231_def.xml (EX-101.DEF) — 133KB
• crmz-20231231_lab.xml (EX-101.LAB) — 468KB
• crmz-20231231_pre.xml (EX-101.PRE) — 306KB
• ef20015334_10k_htm.xml (XML) — 665KB

BUSINESS

BUSINESS In addition to historical information, the following discussion of the Company's business and certain other statements in this Annual Report on Form 10-K contains forward-looking statements. These forward-looking statements involve risks, uncertainties, and assumptions. The actual results may differ materially from those anticipated in these forward-looking statements as a result of many factors, including but not limited to, those factors discussed in the sections in this Annual Report on Form 10-K entitled "The CreditRiskMonitor Business", "The Company's Goals", "Marketing and Sales", and "Management's Discussion and Analysis of Financial Condition and Results of Operations". Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's opinions only as of the date hereof. CreditRiskMonitor.com, Inc. (the "Company" or "CreditRiskMonitor") undertakes no obligation to revise or publicly release the results of any revision to these forward-looking statements. Overview CreditRiskMonitor was organized in Nevada in February 1977 and was engaged in the development and sale of nutritional food products from 1982 until October 22, 1993, when it sold substantially all of its assets, as previously reported. Effective January 19, 1999, the Company acquired the assets of the CreditRisk Monitor credit information service ("CM Service") from Market Guide Inc. Following the closing of the CM Service purchase, the Company commenced doing business under the name "CreditRiskMonitor.com". The CreditRiskMonitor Business The overall focus of the Company's Software-as-a-Service ("SaaS") subscription products is on facilitating the analysis of corporate financial risk, in the context of (a) the extension of trade credit from one business to another, (b) the management by businesses of important relationships with suppliers, and/or (c) the management by businesses of significant "counter-party" (i.e., buying and selling) re

View Full Filing

View this 10-K filing on SEC EDGAR