MBC FUNDING II CORP. financial statements (2022 and earlier)

Company profile

Business Address C/O MANHATTAN BRIDGE CAPITAL, INC.
GREAT NECK, NY 11021
State of Incorp. NY
Fiscal Year End December 31
SIC 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments614953684981
Cash and cash equivalents614953684981
Other undisclosed current assets     6,296
Total current assets:61495368496,377
Noncurrent Assets
Deferred costs   547623698
Other undisclosed noncurrent assets     340
Total noncurrent assets:   5476231,038
Other undisclosed assets8,2027,8517,9467,2246,986 
TOTAL ASSETS:8,2647,9007,9997,8397,6587,414
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities   15 15
Interest and dividends payable   15 15
Due to related parties   999 546
Total current liabilities:   1,014 561
Noncurrent Liabilities
Liabilities, other than long-term debt     1,200
Due to related parties     1,200
Other undisclosed noncurrent liabilities     5,302
Total noncurrent liabilities:     6,502
Other undisclosed liabilities5,6935,6946,1845,4536,789 
Total liabilities:5,6935,6946,1846,4676,7897,064
Stockholders' equity
Stockholders' equity attributable to parent2,5712,2061,8151,373869351
Additional paid in capital000000
Retained earnings2,5712,2061,8151,373868351
Total stockholders' equity:2,5712,2061,8151,373869351
TOTAL LIABILITIES AND EQUITY:8,2647,9007,9997,8397,6587,414

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues
(Net Investment Income)
815840892955969641
Gross profit:815840892955969641
Operating expenses(449)(449)(449)(451)(450)(290)
Operating income:366391443505518351
Interest and debt expense(435)(75)(75)(75)(75)(53)
Income (loss) from continuing operations before equity method investments, income taxes:(69)316368430443297
Other undisclosed income from continuing operations before income taxes43575757575 
Income from continuing operations before income taxes:366391443505518297
Income tax expense(1)(1)(1)(1)(1) 
Net income:365390443504518297
Other undisclosed net income attributable to parent     53
Net income available to common stockholders, diluted:365390443504518351

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:365390443504518297
Comprehensive income, net of tax, attributable to parent:365390443504518297

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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