8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

__________________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

August 8, 2011

__________________

CreditRiskMonitor.com, Inc.

(Exact name of registrant as specified in its charter)

Nevada	1-8601	36-2972588
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

704 Executive Boulevard

Valley Cottage, NY 10989

(Address of principal executive offices, including zip code)

(845) 230-3000

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Finanical Condition.

On August 8, 2011, CreditRiskMonitor.com, Inc. issued a press release relating to, among other things, its financial results for the three and six month ended June 30, 2011. This press release is filed as Exhibit 99.1 to this Current Report on Form 8-K. The information contained in this Item 2.02 and Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits 

Exhibit No.	Description
99.1	Press Release dated August 8, 2011.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	CREDITRISKMONITOR.COM, INC.
Date: August 8, 2011	By:	/s/ Lawrence Fensterstock
		Lawrence Fensterstock
		Chief Financial Officer
		(Principal Financial and
		Accounting Officer)

EX-99.1

Exhibit 99.1

NEWS RELEASE

CONTACT:

CreditRiskMonitor.com, Inc.

Jerry Flum, CEO

(845) 230-3030

ir@crmz.com

FOR IMMEDIATE RELEASE

CreditRiskMonitor Operating Results for 1st Half of 2011

VALLEY COTTAGE, NY—August 8, 2011—CreditRiskMonitor (OTCQB: CRMZ) reported that revenues increased 10% for both the 3 and 6 months ended June 30, 2011 to $2.54 million and $4.98 million, respectively. For the same periods, income from operations was $267,000 and $487,000, respectively, compared to $353,000 and $665,000 for the comparable 2010 periods. Cash, cash equivalents and marketable securities at the end of the six-month period increased $782,000 to $7.63 million from the 2010 year-end balance of $6.85 million.

Jerry Flum, CEO said, “We’re continuing to follow our long-term business strategy of investing in infrastructure and new data content to make our product more attractive, realizing that this strategy reduces our profitability in the short-term. However, our free cash flow net of dividend payment for the trailing 12 months is over 80% of our beginning tangible net worth, and our current balance of cash, cash equivalents and marketable securities, which is currently producing very low returns, is almost 3 times tangible net worth. Furthermore, we continue to be debt free and cash on our Balance Sheet provides us with financial flexibility in case new opportunities arise.”

CREDITRISKMONITOR.COM, INC.

STATEMENTS OF OPERATIONS

FOR THE 3 AND 6 MONTHS ENDED JUNE 30, 2011 AND 2010

(Unaudited)

	3 Months Ended						6 Months Ended
	June 30,						June 30,
	2011			2010			2011			2010
Operating revenues	$	2,539,350		$	2,304,873		$	4,979,311		$	4,516,575
Operating expenses:
Data and product costs		734,890			573,274			1,480,237			1,171,041
Selling, general and administrative expenses		1,495,659			1,347,086			2,929,752			2,621,234
Depreciation and amortization		41,507			31,548			82,729			59,255
Total operating expenses		2,272,056			1,951,908			4,492,718			3,851,530
Income from operations		267,294			352,965			486,593			665,045
Other income, net		33,367			13,864			34,918			14,591
Income before income taxes		300,661			366,829			521,511			679,636
Provision for income taxes		(91,012	)		(147,411	)		(182,451	)		(276,742	)
Net income	$	209,649		$	219,418		$	339,060		$	402,894
Net income per share:
Basic and diluted	$	0.03		$	0.03		$	0.04		$	0.05

CREDITRISKMONITOR.COM, INC.

BALANCE SHEETS

JUNE 30, 2011 AND DECEMBER 31, 2010

	June 30,			Dec. 31,
	2011			2010
	(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	6,414,918		$	5,642,568
Marketable securities		1,214,083			1,204,234
Accounts receivable, net of allowance		1,489,209			1,406,865
Other current assets		233,307			480,922
Total current assets		9,351,517			8,734,589
Property and equipment, net		332,190			364,360
Goodwill		1,954,460			1,954,460
Deferred taxes on income		58,198			233,873
Prepaid and other assets		45,675			23,225
Total assets	$	11,742,040		$	11,310,507
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Deferred revenue	$	6,564,993		$	5,997,862
Accounts payable		56,151			24,024
Accrued expenses		578,021			1,167,196
Total current liabilities		7,199,165			7,189,082
Other liabilities		2,527			1,149
Total liabilities		7,201,692			7,190,231
Stockholders’ equity:
Preferred stock, $.01 par value; authorized 5,000,000 shares; none issued		--			--
Common stock, $.01 par value; authorized 25,000,000 shares; issued and outstanding 7,914,462 and 7,899,462 shares, respectively		79,144			78,994
Additional paid-in capital		28,521,448			28,440,586
Accumulated deficit		(24,060,244	)		(24,399,304	)
Total stockholders’ equity		4,540,348			4,120,276
Total liabilities and stockholders’ equity	$	11,742,040		$	11,310,507

Overview

CreditRiskMonitor (http://www.crmz.com) is an Internet-based publisher of financial information, designed to save time for busy corporate credit professionals that competes with Dun & Bradstreet, Equifax and Experian.

Safe Harbor Statement

Certain statements in this press release, including statements prefaced by the words "anticipates", "estimates", “believes", "expects" or words of similar meaning, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, expectations or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements, including, among others, those risks, uncertainties and factors referenced from time to time as "risk factors" or otherwise in the Company's Registration Statements or Securities and Exchange Commission Reports. We disclaim any intention or obligation to revise any forward-looking statements, whether as a result of new information, a future event, or otherwise.