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 9, 2013

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 9, 2013, CreditRiskMonitor.com, Inc. issued a press release relating to, among other things, its financial results for the quarter ended March 31, 2013. 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 9, 2013.

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 9, 2013	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 9, 2013—CreditRiskMonitor (OTCQX: CRMZ) reported that for the 3 months ended March 31, 2013 revenues increased 8% to $2.87 million compared to $2.65 million in last year’s first quarter.  Operating income for the quarter was $58,600, down from $83,000 in the prior year period. Cash and marketable securities increased $409,000 since 2012 year-end, to $8.56 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. We continue to be debt free, generating strong free cash flow after dividends.”

CREDITRISKMONITOR.COM, INC.

STATEMENTS OF OPERATIONS

FOR THE 3 MONTHS ENDED MARCH 31, 2013 AND 2012

(Unaudited)

	2013			2012
Operating revenues	$	2,865,507		$	2,645,255
Operating expenses:
Data and product costs		1,036,728			926,745
Selling, general and administrative expenses		1,734,728			1,597,360
Depreciation and amortization		35,436			38,141
Total operating expenses		2,806,892			2,562,246
Income from operations		58,615			83,009
Other income (expense), net		(6,361	)		(2,811	)
Income before income taxes		52,254			80,198
Provision for income taxes		(20,651	)		(32,144	)
Net income	$	31,603		$	48,054
Net income per common share of stock:
Basic	$	0.00		$	0.01
Diluted	$	0.00		$	0.01
Weighted average number of common shares outstanding:
Basic		7,946,462			7,939,165
Diluted		8,260,233			8,216,064

CREDITRISKMONITOR.COM, INC.

BALANCE SHEETS

MARCH 31, 2013 AND DECEMBER 31, 2012

	March 31,			Dec. 31,
	2013			2012
	(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	6,837,881		$	6,422,458
Marketable securities		1,718,979			1,725,633
Accounts receivable, net of allowance		1,547,573			1,776,151
Other current assets		876,501			548,838
Total current assets		10,980,934			10,473,080
Property and equipment, net		235,376			260,438
Goodwill		1,954,460			1,954,460
Other assets		48,802			21,970
Total assets	$	13,219,572		$	12,709,948
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Deferred revenue	$	7,509,898		$	6,978,797
Accounts payable		64,667			44,097
Accrued expenses		1,048,005			1,161,498
Total current liabilities		8,622,570			8,184,392
Deferred taxes on income		591,355			591,355
Other liabilities		5,273			5,190
Total liabilities		9,219,198			8,780,937
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 7,946,462 shares		79,464			79,464
Additional paid-in capital		28,835,256			28,795,496
Accumulated deficit		(24,914,346	)		(24,945,949	)
Total stockholders’ equity		4,000,374			3,929,011
Total liabilities and stockholders’ equity	$	13,219,572		$	12,709,948

Overview

CreditRiskMonitor (http://www.crmz.com) is an Internet-based publisher of financial risk analysis and news, designed to save time for busy corporate credit and procurement/supply-chain professionals and competes with Dun & Bradstreet. The service offers comprehensive commercial credit reports covering over 40,000 public companies worldwide. Over 30% of the Fortune 1,000 already use CreditRiskMonitor’s timely news alerts and reports that feature detailed analyses of financial statements, ratio analysis and trend reports, peer analyses, as well as the Company’s  proprietary FRISK® scores.

Safe Harbor Statement

Certain statements in this press release may 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. More information about these risks, uncertainties and factors can be found in the “Risk Factors” of the Company’s Registration Statements or Securities and Exchange Commission Reports. We disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, a future event, or otherwise.