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)

May 10, 2012

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)

Not Applicable

(Former name or former address, if changed since last report)

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 Financial Condition.

On May 10, 2012, CreditRiskMonitor.com, Inc. issued a press release relating to, among other things, its financial results for the quarter ended March 31, 2012. 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 May 10, 2012.

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: May 10, 2012	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

info@creditriskmonitor.com

FOR IMMEDIATE RELEASE

CreditRiskMonitor Announces 1Q Results

VALLEY COTTAGE, NY—May 10, 2012—CreditRiskMonitor (Symbol: CRMZ) reported that revenues increased 8% to $2.65 million for the 3 months ended March 31, 2012 compared to $2.44 million in last year’s first quarter. Operating income for the quarter was $83,000, down from $219,000 in the prior year period. Cash and marketable securities increased $383,000 since 2011 year-end, to nearly $8.7 million.

Jerry Flum, CEO, said, “The Company continues to invest in building its sales and service staff, enhancing infrastructure, adding new data, and creating new tools for subscribers. For example, we added a new suite of reporting and analysis features to our service, creating a new reason for more of our subscribers to contribute their accounts receivable (“A/R”) files to CRMZ. Adding more of this proprietary A/R data makes our credit reports on both public and private companies more useful. We believe that these and similar uses of cash will enhance our long-term results, but the increased expenses penalize our profitability in the short term.”

CREDITRISKMONITOR.COM, INC.

STATEMENTS OF OPERATIONS

FOR THE 3 MONTHS ENDED MARCH 31, 2012 AND 2011

(Unaudited)

	2012			2011
Operating revenues	$	2,645,255		$	2,439,961
Operating expenses:
Data and product costs		926,745			833,927
Selling, general and administrative expenses		1,597,360			1,345,513
Depreciation and amortization		38,141			41,222
Total operating expenses		2,562,246			2,220,662
Income from operations		83,009			219,299
Other income (expense), net		(2,811	)		1,551
Income before income taxes		80,198			220,850
Provision for income taxes		(32,144	)		(91,439	)
Net income	$	48,054		$	129,411
Net income per common share of stock:
Basic	$	0.01		$	0.02
Diluted	$	0.01		$	0.02
Weighted average number of common shares outstanding:
Basic		7,939,165			7,899,462
Diluted		8,216,064			8,363,268

CREDITRISKMONITOR.COM, INC.

BALANCE SHEETS

MARCH 31, 2012 AND DECEMBER 31, 2011

	March 31,			Dec. 31,
	2012			2011
	(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	6,917,136		$	6,531,204
Marketable securities		1,749,940			1,753,072
Accounts receivable, net of allowance		1,861,744			1,551,213
Other current assets		390,581			451,143
Total current assets		10,919,401			10,286,632
Property and equipment, net		294,519			306,810
Goodwill		1,954,460			1,954,460
Other assets		54,287			23,232
Total assets	$	13,222,667		$	12,571,134
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Deferred revenue	$	7,400,978		$	6,471,494
Accounts payable		72,743			60,941
Accrued expenses		657,830			1,087,163
Deferred taxes on income		189,529			157,385
Total current liabilities		8,321,080			7,776,983
Other liabilities		4,288			3,714
Total liabilities		8,325,368			7,780,697
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 7,943,462 and 7,920,462 shares, respectively		79,434			79,204
Additional paid-in capital		28,656,257			28,597,679
Accumulated deficit		(23,838,392	)		(23,886,446	)
Total stockholders’ equity		4,897,299			4,790,437
Total liabilities and stockholders’ equity	$	13,222,667		$	12,571,134

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.