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 11, 2015

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:

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

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

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

☐ 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 August 11, 2015, CreditRiskMonitor.com, Inc. issued a press release relating to, among other things, its financial results for the three and six months ended June 30, 2015. 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 11, 2015.

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 11, 2015	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 Announces 2Q Results

VALLEY COTTAGE, NY—August 11, 2015—CreditRiskMonitor (OTCQX: CRMZ) reported that revenues increased 4% for both the 3 and 6 months ended June 30, 2015, to $3.11 million and $6.18 million, respectively. For the same periods, income from operations was $237,000 and $293,900, respectively, compared to $262,100 and $127,000 for the comparable 2014 periods. Cash, cash equivalents and marketable securities at the end of the six-month period increased $367,000 to $9.26 million from the 2014 year-end balance of $8.89 million.

Jerry Flum, CEO said, “This year’s operating results compare favorably to last year after factoring out the $220,000 refund received during 2014’s second quarter for sales taxes previously paid on third party content. We remain debt free and continue to invest in marketing and product development while still generating strong free cash flow.”

CREDITRISKMONITOR.COM, INC.

STATEMENTS OF INCOME

FOR THE 3 AND 6 MONTHS ENDED JUNE 30, 2015 AND 2014

(Unaudited)

	3 Months Ended June 30,						6 Months Ended June 30,
	2015			2014			2015			2014
Operating revenues	$	3,107,106		$	2,998,010		$	6,177,312		$	5,967,398
Operating expenses:
Data and product costs		1,170,236			1,021,519			2,399,972			2,322,964
Selling, general and administrative expenses		1,639,430			1,657,116			3,370,243			3,403,526
Depreciation and amortization		60,438			57,240			113,185			113,911
Total operating expenses		2,870,104			2,735,875			5,883,400			5,840,401
Income from operations		237,002			262,135			293,912			126,997
Other income, net		738			13,247			5,694			21,822
Income before income taxes		237,740			275,382			299,606			148,819
Provision for income taxes		(102,667	)		(58,613	)		(128,012	)		(71,241	)
Net income	$	135,073		$	216,769		$	171,594		$	77,578
Net income per share:
Basic and diluted	$	0.02		$	0.03		$	0.02		$	0.01
Weighted average number of shares outstanding:
Basic		8,163,302			7,959,200			8,112,830			7,958,926
Diluted		8,310,376			8,211,239			8,271,619			8,223,004

CREDITRISKMONITOR.COM, INC.

BALANCE SHEETS

JUNE 30, 2015 AND DECEMBER 31, 2014

	June 30, 2015			Dec. 31, 2014
	(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	7,916,225		$	7,529,468
Marketable securities		1,344,107			1,363,439
Accounts receivable, net of allowance		1,617,270			2,078,710
Other current assets		824,048			516,585
Total current assets		11,701,650			11,488,202
Property and equipment, net		411,824			337,339
Goodwill		1,954,460			1,954,460
Other assets		40,780			23,682
Total assets	$	14,108,714		$	13,803,683
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Deferred revenue	$	7,796,280		$	7,612,836
Accounts payable		83,040			137,258
Accrued expenses		1,096,056			1,230,966
Total current liabilities		8,975,376			8,981,060
Deferred taxes on income		720,867			743,691
Other liabilities		364			2,546
Total liabilities		9,696,607			9,727,297
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 8,201,387 and 8,055,365 shares, respectively		82,014			80,553
Additional paid-in capital		29,338,706			29,176,040
Accumulated deficit		(25,008,613	)		(25,180,207	)
Total stockholders’ equity		4,412,107			4,076,386
Total liabilities and stockholders’ equity	$	14,108,714		$	13,803,683

Overview

CreditRiskMonitor (http://www.crmz.com) is a web-based publisher of financial information that helps busy corporate credit and procurement professionals stay ahead of and manage risk quickly, productively and accurately. The service offers comprehensive commercial credit reports and analysis covering public companies worldwide in competition with Dun & Bradstreet. Additionally, the Company collects from subscribers more than $90 billion of trade accounts receivable data on both public and a select group of private companies every month. Over 35% of the Fortune 1,000 depend on CreditRiskMonitor's timely news alerts and reports featuring detailed analyses of financial statements, ratio analysis and trend reports, peer analyses, bond agency ratings, as well as the company's proprietary FRISK® scores, which have been proven 95% predictive in anticipating corporate financial stress, including bankruptcy.

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.