Nevada
|
1-8601
|
36-2972588
|
||
(State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
|
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.
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Item 9.01
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Financial Statements and Exhibits.
|
(d)
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Exhibits
|
Exhibit No.
|
Description
|
|
|
|
|
Press Release dated March 7, 2014.
|
|
CREDITRISKMONITOR.COM, INC.
|
||
|
|
|
|
Date: March 7, 2014
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By:
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/s/ Lawrence Fensterstock
|
|
|
|
Lawrence Fensterstock
|
|
|
|
Chief Financial Officer
|
|
|
|
(Principal Financial and
|
|
|
|
Accounting Officer)
|
|
2013
|
2012
|
||||||
|
||||||||
|
||||||||
Operating revenues
|
$
|
11,837,211
|
$
|
11,062,619
|
||||
|
||||||||
Operating expenses:
|
||||||||
Data and product costs
|
4,438,542
|
3,731,218
|
||||||
Selling, general and administrative expenses
|
6,611,687
|
6,206,917
|
||||||
Depreciation and amortization
|
168,080
|
150,069
|
||||||
|
||||||||
Total operating expenses
|
11,218,309
|
10,088,204
|
||||||
|
||||||||
Income from operations
|
618,902
|
974,415
|
||||||
Other income (expense), net
|
(38,560
|
)
|
21,945
|
|||||
|
||||||||
Income before income taxes
|
580,342
|
996,360
|
||||||
Provision for income taxes
|
(238,529
|
)
|
(466,543
|
)
|
||||
|
||||||||
Net income
|
$
|
341,813
|
$
|
529,817
|
||||
|
||||||||
Net income per share of common stock:
|
||||||||
|
||||||||
Basic
|
$
|
0.04
|
$
|
0.07
|
||||
|
||||||||
Diluted
|
$
|
0.04
|
$
|
0.06
|
|
2013
|
2012
|
||||||
ASSETS
|
||||||||
Current assets:
|
||||||||
Cash and cash equivalents
|
$
|
6,649,432
|
$
|
6,422,458
|
||||
Marketable securities
|
1,398,022
|
1,725,633
|
||||||
Accounts receivable, net of allowance of $30,000
|
1,707,582
|
1,776,151
|
||||||
Other current assets
|
581,132
|
548,838
|
||||||
|
||||||||
Total current assets
|
10,336,168
|
10,473,080
|
||||||
|
||||||||
Property and equipment, net
|
422,682
|
260,438
|
||||||
Goodwill
|
1,954,460
|
1,954,460
|
||||||
Other assets
|
23,653
|
21,970
|
||||||
|
||||||||
Total assets
|
$
|
12,736,963
|
$
|
12,709,948
|
||||
|
||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY
|
||||||||
Current liabilities:
|
||||||||
Deferred revenue
|
$
|
6,692,052
|
$
|
6,978,797
|
||||
Accounts payable
|
86,478
|
44,097
|
||||||
Accrued expenses
|
1,280,316
|
1,161,498
|
||||||
|
||||||||
Total current liabilities
|
8,058,846
|
8,184,392
|
||||||
|
||||||||
Deferred taxes on income
|
636,856
|
591,355
|
||||||
Other liabilities
|
5,099
|
5,190
|
||||||
|
||||||||
Total liabilities
|
8,700,801
|
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 7,958,564 and 7,946,462 shares, respectively
|
79,585
|
79,464
|
||||||
Additional paid-in capital
|
28,958,648
|
28,795,496
|
||||||
Accumulated deficit
|
(25,002,071
|
)
|
(24,945,949
|
)
|
||||
|
||||||||
Total stockholders’ equity
|
4,036,162
|
3,929,011
|
||||||
|
||||||||
Total liabilities and stockholders’ equity
|
$
|
12,736,963
|
$
|
12,709,948
|