Nevada | 36-2972588 | |
(State or other jurisdiction of incorporation or | (I.R.S. Employer Identification No.) |
704 Executive Boulevard, Suite A |
Valley Cottage, New York 10989 |
(Address of principal executive offices, including zip code) |
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
None | N/A | N/A |
Large accelerated filer ☐ | Accelerated filer | ☐ | ||
Non-accelerated filer ☑ | Smaller reporting company | ☑ | Emerging growth company ☐ |
Page | |||
PART I. FINANCIAL INFORMATION | |||
Item 1. | Financial Statements | ||
2 | |||
3 | |||
Condensed Statements of Operations for the Six Months Ended June 30, | 4 | ||
5 | |||
Condensed Statements of Stockholders’ Equity for the Six Months Ended June 30, 2023 and 2022 | 6 | ||
7 | |||
8 | |||
Item 2. | |||
Item 4. | |||
PART II. OTHER INFORMATION | |||
Item 6. | |||
Item 1. | Financial Statements |
June 30, 2022 | December 31, 2021 | June 30, 2023 | December 31, 2022 | |||||||||||||
(Unaudited) | (Note 1) | (Unaudited) | (Note 1) | |||||||||||||
ASSETS | ||||||||||||||||
Current assets: | ||||||||||||||||
Cash and cash equivalents | $ | 12,627,763 | $ | 12,381,521 | $ | 10,449,960 | $ | 9,866,628 | ||||||||
Held-to-maturity securities – treasury bills | 4,062,946 | 4,028,565 | ||||||||||||||
Accounts receivable, net of allowance of $30,000 | 3,447,149 | 2,803,236 | 2,920,938 | 3,500,259 | ||||||||||||
Other current assets | 810,289 | 581,149 | 950,993 | 656,379 | ||||||||||||
Total current assets | 16,885,201 | 15,765,906 | 18,384,837 | 18,051,831 | ||||||||||||
Property and equipment, net | 572,615 | 606,193 | 561,235 | 481,804 | ||||||||||||
Operating lease right-to-use asset | 1,915,302 | 2,012,155 | 1,715,600 | 1,816,505 | ||||||||||||
Goodwill | 1,954,460 | 1,954,460 | 1,954,460 | 1,954,460 | ||||||||||||
Other assets | 49,136 | 86,714 | 18,110 | 163,470 | ||||||||||||
Total assets | $ | 21,376,714 | $ | 20,425,428 | $ | 22,634,242 | $ | 22,468,070 | ||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||||||||||
Current liabilities: | ||||||||||||||||
Unexpired subscription revenue | $ | 10,398,984 | $ | 9,520,226 | $ | 10,161,850 | $ | 9,980,092 | ||||||||
Accounts payable | 225,447 | 358,307 | 91,639 | 245,854 | ||||||||||||
Current portion of operating lease liability | 185,549 | 177,485 | 202,570 | 193,953 | ||||||||||||
Accrued expenses | 1,461,163 | 1,745,290 | 1,720,633 | 2,216,376 | ||||||||||||
Total current liabilities | 12,271,143 | 11,801,308 | 12,176,692 | 12,636,275 | ||||||||||||
Deferred taxes on income, net | 484,296 | 407,805 | 332,566 | 332,566 | ||||||||||||
Unexpired subscription revenue, less current portion | 227,467 | 127,124 | 111,699 | 163,320 | ||||||||||||
Operating lease liability, less current portion | 1,865,964 | 1,960,127 | 1,663,395 | 1,766,174 | ||||||||||||
Total liabilities | 14,848,870 | 14,296,364 | 14,284,352 | 14,898,335 | ||||||||||||
Stockholders’ equity: | ||||||||||||||||
Preferred stock, $0.01 par value; authorized 5,000,000 shares; 0ne issued | 0 | 0 | ||||||||||||||
Preferred stock, $0.01 par value; authorized 5,000,000 shares; none issued | - | - | ||||||||||||||
Common stock, $0.01 par value; authorized 32,500,000 shares; issued and outstanding 10,722,401 shares | 107,224 | 107,224 | 107,224 | 107,224 | ||||||||||||
Additional paid-in capital | 29,859,233 | 29,824,242 | 29,958,199 | 29,904,675 | ||||||||||||
Accumulated deficit | (23,438,613 | ) | (23,802,402 | ) | (21,715,533 | ) | (22,442,164 | ) | ||||||||
Total stockholders’ equity | 6,527,844 | 6,129,064 | 8,349,890 | 7,569,735 | ||||||||||||
Total liabilities and stockholders’ equity | $ | 21,376,714 | $ | 20,425,428 | $ | 22,634,242 | $ | 22,468,070 |
2022 | 2021 | 2023 | 2022 | |||||||||||||
Operating revenues | $ | 4,450,017 | $ | 4,248,179 | $ | 4,682,499 | $ | 4,450,017 | ||||||||
Operating expenses: | ||||||||||||||||
Data and product costs | 1,715,574 | 1,573,686 | 1,934,425 | 1,715,574 | ||||||||||||
Selling, general and administrative expenses | 2,342,699 | 2,190,382 | 2,252,514 | 2,342,699 | ||||||||||||
Depreciation and amortization | 107,000 | 66,503 | 94,566 | 107,000 | ||||||||||||
Total operating expenses | 4,165,273 | 3,830,571 | 4,281,505 | 4,165,273 | ||||||||||||
Income from operations | 284,744 | 417,608 | 400,994 | 284,744 | ||||||||||||
Other income | 11,090 | 246 | 192,569 | 11,090 | ||||||||||||
Income before income taxes | 295,834 | 417,854 | 593,563 | 295,834 | ||||||||||||
Provision for income taxes | (83,166 | ) | (95,146 | ) | (142,212 | ) | (83,166 | ) | ||||||||
Net income | $ | 212,668 | $ | 322,708 | $ | 451,351 | $ | 212,668 | ||||||||
Net income per share – Basic and diluted | $ | 0.02 | $ | 0.03 | $ | 0.04 | $ | 0.02 | ||||||||
Weighted average number of common shares outstanding – | ||||||||||||||||
Basic | 10,722,401 | 10,722,401 | 10,722,401 | 10,722,401 | ||||||||||||
Diluted | 10,775,373 | 10,792,744 | 10,807,318 | 10,775,373 |
2022 | 2021 | 2023 | 2022 | |||||||||||||
Operating revenues | $ | 8,788,220 | $ | 8,381,081 | $ | 9,273,243 | $ | 8,788,220 | ||||||||
Operating expenses: | ||||||||||||||||
Data and product costs | 3,473,486 | 3,201,472 | 3,854,796 | 3,473,486 | ||||||||||||
Selling, general and administrative expenses | 4,633,801 | 4,391,174 | 4,611,555 | 4,633,801 | ||||||||||||
Depreciation and amortization | 201,209 | 131,016 | 192,087 | 201,209 | ||||||||||||
Total operating expenses | 8,308,496 | 7,723,662 | 8,658,438 | 8,308,496 | ||||||||||||
Income from operations | 479,724 | 657,419 | 614,805 | 479,724 | ||||||||||||
Other income | 11,787 | 3,494 | 333,547 | 11,787 | ||||||||||||
Income before income taxes | 491,511 | 660,913 | 948,352 | 491,511 | ||||||||||||
Provision for income taxes | (127,722 | ) | (150,491) | (221,721 | ) | (127,722 | ) | |||||||||
Net income | $ | 363,789 | $ | 510,422 | $ | 726,631 | $ | 363,789 | ||||||||
Net income per share – Basic and diluted | $ | 0.03 | $ | 0.05 | $ | 0.07 | $ | 0.03 | ||||||||
Weighted average number of common shares outstanding – | ||||||||||||||||
Basic | 10,722,401 | 10,722,401 | 10,722,401 | 10,722,401 | ||||||||||||
Diluted | 10,761,851 | 10,779,726 | 10,802,176 | 10,761,851 |
Additional | Total | |||||||||||||||||||
Common Stock | Paid-in Capital | Accumulated Deficit | Stockholders’ Equity | |||||||||||||||||
Shares | Amount | |||||||||||||||||||
Balance April 1, 2021 | 10,722,401 | $ | 107,224 | $ | 29,769,955 | $ | (26,978,392 | ) | $ | 2,898,787 | ||||||||||
Net income | - | 0 | 0 | 322,708 | 322,708 | |||||||||||||||
Stock-based compensation | - | 0 | 16,968 | 0 | 16,968 | |||||||||||||||
Balance June 30, 2021 | 10,722,401 | $ | 107,224 | $ | 29,786,923 | $ | (26,655,684 | ) | $ | 3,238,463 | ||||||||||
Balance April 1, 2022 | 10,722,401 | $ | 107,224 | $ | 29,843,574 | $ | (23,651,281 | ) | $ | 6,299,517 | ||||||||||
Net income | - | 0 | 0 | 212,668 | 212,668 | |||||||||||||||
Stock-based compensation | - | 0 | 15,659 | 0 | 15,659 | |||||||||||||||
Balance June 30, 2022 | 10,722,401 | $ | 107,224 | $ | 29,859,233 | $ | (23,438,613 | ) | $ | 6,527,844 |
Common Stock | Additional Paid-in Capital | Accumulated Deficit | Total Stockholders’ Equity | |||||||||||||||||
Shares | Amount | |||||||||||||||||||
Balance April 1, 2022 | 10,722,401 | $ | 107,224 | $ | 29,843,574 | $ | (23,651,281 | ) | $ | 6,299,517 | ||||||||||
Net income | - | - | - | 212,668 | 212,668 | |||||||||||||||
Stock-based compensation | - | - | 15,659 | - | 15,659 | |||||||||||||||
Balance June 30, 2022 | 10,722,401 | $ | 107,224 | $ | 29,859,233 | $ | (23,438,613 | ) | $ | 6,527,844 | ||||||||||
Balance April 1, 2023 | 10,722,401 | $ | 107,224 | $ | 29,932,576 | $ | (22,166,884 | ) | $ | 7,872,916 | ||||||||||
Net income | - | - | - | 451,351 | 451,351 | |||||||||||||||
Stock-based compensation | - | - | 25,623 | - | 25,623 | |||||||||||||||
Balance June 30, 2023 | 10,722,401 | $ | 107,224 | $ | 29,958,199 | $ | (21,715,533 | ) | $ | 8,349,890 |
Additional | Total | Common Stock | Additional Paid-in Capital | Accumulated Deficit | Total Stockholders’ Equity | |||||||||||||||||||||||||||||||||||
Common Stock | Paid-in Capital | Accumulated Deficit | Stockholders’ Equity | |||||||||||||||||||||||||||||||||||||
Shares | Amount | |||||||||||||||||||||||||||||||||||||||
Balance January 1, 2021 | 10,722,401 | $ | 107,224 | $ | 29,760,533 | $ | (27,166,106 | ) | $ | 2,701,651 | ||||||||||||||||||||||||||||||
Net income | - | 0 | 0 | 510,422 | 510,422 | |||||||||||||||||||||||||||||||||||
Stock-based compensation | - | 0 | 26,390 | 0 | 26,390 | |||||||||||||||||||||||||||||||||||
Balance June 30, 2021 | 10,722,401 | $ | 107,224 | $ | 29,786,923 | $ | (26,655,684 | ) | $ | 3,238,463 | ||||||||||||||||||||||||||||||
Shares | Amount | Additional Paid-in Capital | Accumulated Deficit | Total Stockholders’ Equity | ||||||||||||||||||||||||||||||||||||
Balance January 1, 2022 | 10,722,401 | $ | 107,224 | $ | 29,824,242 | $ | (23,802,402 | ) | $ | 6,129,064 | 10,722,401 | $ | 107,224 | |||||||||||||||||||||||||||
Net income | - | 0 | 0 | 363,789 | 363,789 | - | - | - | 363,789 | 363,789 | ||||||||||||||||||||||||||||||
Stock-based compensation | - | 0 | 34,991 | 0 | 34,991 | - | - | 34,991 | - | 34,991 | ||||||||||||||||||||||||||||||
Balance June 30, 2022 | 10,722,401 | $ | 107,224 | $ | 29,859,233 | $ | (23,438,613 | ) | $ | 6,527,844 | 10,722,401 | $ | 107,224 | $ | 29,859,233 | $ | (23,438,613 | ) | $ | 6,527,844 | ||||||||||||||||||||
Balance January 1, 2023 | 10,722,401 | $ | 107,224 | $ | 29,904,675 | $ | (22,442,164 | ) | $ | 7,569,735 | ||||||||||||||||||||||||||||||
Net income | - | - | - | 726,631 | 726,631 | |||||||||||||||||||||||||||||||||||
Stock-based compensation | - | - | 53,524 | - | 53,524 | |||||||||||||||||||||||||||||||||||
Balance June 30, 2023 | 10,722,401 | $ | 107,224 | $ | 29,958,199 | $ | (21,715,533 | ) | $ | 8,349,890 |
2022 | 2021 | 2023 | 2022 | |||||||||||||
Cash flows from operating activities: | ||||||||||||||||
Net income | $ | 363,789 | $ | 510,422 | $ | 726,631 | $ | 363,789 | ||||||||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||||||
Adjustments to reconcile net income to net cash used in operating activities: | ||||||||||||||||
Amortization of bond discount | (77,349 | ) | - | |||||||||||||
Deferred income taxes | 76,491 | (535 | ) | - | 76,491 | |||||||||||
Depreciation and amortization | 201,209 | 131,016 | 192,087 | 201,209 | ||||||||||||
Operating lease right-to-use asset, net | 10,755 | 14,652 | 6,742 | 10,755 | ||||||||||||
Stock-based compensation | 34,991 | 26,390 | 53,524 | 34,991 | ||||||||||||
Changes in operating assets and liabilities: | ||||||||||||||||
Accounts receivable | (643,913 | ) | (387,939 | ) | 584,564 | (643,913 | ) | |||||||||
Other current assets | (229,139 | ) | (215,261 | ) | (304,955 | ) | (229,139 | ) | ||||||||
Other assets | 37,576 | 43,282 | - | 37,576 | ||||||||||||
Unexpired subscription revenue | 979,101 | 287,115 | 130,136 | 979,101 | ||||||||||||
Accounts payable | (132,860 | ) | 51,826 | (154,216 | ) | (132,860 | ) | |||||||||
Accrued expenses | (284,127 | ) | (135,409 | ) | (495,743 | ) | (284,127 | ) | ||||||||
Net cash provided by operating activities | 413,873 | 325,559 | 661,421 | 413,873 | ||||||||||||
Cash flows from investing activities: | ||||||||||||||||
Sale of available-for-sale securities – municipal bonds | 0 | 458,237 | ||||||||||||||
Proceeds from held-to-maturity securities – treasury bills | 2,170,000 | - | ||||||||||||||
Purchase of held-to-maturity securities – treasury bills | (2,132,272 | ) | - | |||||||||||||
Purchase of property and equipment | (167,631 | ) | (182,734 | ) | (115,817 | ) | (167,631 | ) | ||||||||
Net cash (used in) provided by investing activities | (167,631 | ) | 275,503 | |||||||||||||
Net cash used in investing activities | (78,089 | ) | (167,631 | ) | ||||||||||||
Net increase in cash and cash equivalents | 246,242 | 601,062 | 583,332 | 246,242 | ||||||||||||
Cash and cash equivalents at beginning of period | 12,381,521 | 10,302,732 | 9,866,628 | 12,381,521 | ||||||||||||
Cash and cash equivalents at end of period | $ | 12,627,763 | $ | 10,903,794 | $ | 10,449,960 | $ | 12,627,763 |
3 Months Ended June 30, | 6 Months Ended June 30, | 3 Months Ended June 30, | 6 Months Ended June 30, | |||||||||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | 2023 | 2022 | 2023 | 2022 | |||||||||||||||||||||||||
Data and product costs | $ | 3,754 | $ | 5,393 | $ | 11,041 | $ | 9,245 | $ | 10,213 | $ | 3,754 | $ | 20,486 | $ | 11,041 | ||||||||||||||||
Selling, general and administrative expenses | 11,905 | 11,575 | 23,950 | 17,145 | 15,410 | 11,905 | 33,038 | 23,950 | ||||||||||||||||||||||||
$ | 15,659 | $ | 16,968 | $ | 34,991 | $ | 26,390 | $ | 25,623 | $ | 15,659 | $ | 53,524 | $ | 34,991 |
June 30, 2022 | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Cash and cash equivalents | $ | 12,627,763 | $ | 0 | $ | 0 | $ | 12,627,763 |
June 30, 2023 | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Cash and cash equivalents | $ | 10,449,960 | $ | - | $ | - | $ | 10,449,960 | ||||||||
Held-to-maturity securities | 4,062,946 | - | - | 4,062,946 | ||||||||||||
$ | 14,512,906 | $ | - | $ | - | $ | 14,512,906 |
December 31, 2021 | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Cash and cash equivalents | $ | 12,381,521 | $ | 0 | $ | 0 | $ | 12,381,521 |
December 31, 2022 | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Cash and cash equivalents | $ | 9,866,628 | $ | - | $ | - | $ | 9,866,628 | ||||||||
Held-to-maturity securities | 4,028,565 | - | - | 4,028,565 | ||||||||||||
$ | 13,895,193 | $ | - | $ | - | $ | 13,895,193 |
Amortized Cost | Gross Unrealized Gain (Loss) | Fair Value | ||||||||||
Held-to-maturity securities | ||||||||||||
US Treasuries | $ | 4,062,946 | $ | 67,054 | $ | 4,130,000 |
Held-to-maturity securities | ||||
Due in one year or less | $ | 4,062,946 |
3 Months Ended June 30, | 6 Months Ended June 30, | 3 Months Ended June 30, | 6 Months Ended June 30, | |||||||||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | 2023 | 2022 | 2023 | 2022 | |||||||||||||||||||||||||
Weighted average number of common shares outstanding – basic | 10,722,401 | 10,722,401 | 10,722,401 | 10,722,401 | 10,722,401 | 10,722,401 | 10,722,401 | 10,722,401 | ||||||||||||||||||||||||
Potential shares exercisable under stock option plans | 277,300 | 278,100 | 276,391 | 278,100 | 335,137 | 277,300 | 305,236 | 276,391 | ||||||||||||||||||||||||
LESS: Shares which could be repurchased under treasury stock method | (224,328 | ) | (207,757 | ) | (236,941 | ) | (220,775 | ) | (250,220 | ) | (224,328 | ) | (225,461 | ) | (236,941 | ) | ||||||||||||||||
Weighted average number of common shares outstanding – diluted | 10,775,373 | 10,792,744 | 10,761,851 | 10,779,726 | 10,807,318 | 10,775,373 | 10,802,176 | 10,761,851 |
Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |
June 30, 2022 | December 31, 2021 | June 30, 2023 | December 31, 2022 | |||||||||||||
Cash and cash equivalents | $ | 12,628 | $ | 12,382 | $ | 10,450 | $ | 9,867 | ||||||||
Held-to-maturity securities | $ | 4,063 | $ | 4,028 | ||||||||||||
Accounts receivable, net | $ | 3,447 | $ | 2,803 | $ | 2,921 | $ | 3,500 | ||||||||
Working capital | $ | 4,614 | $ | 3,964 | $ | 6,208 | $ | 5,416 | ||||||||
Cash ratio | 1.03 | 1.05 | 0.86 | 0.78 | ||||||||||||
Quick ratio | 1.31 | 1.29 | 1.43 | 1.38 | ||||||||||||
Current ratio | 1.38 | 1.34 | 1.51 | 1.43 |
3 Months Ended June 30, | ||||||||||||||||||||||||||||||
3 Months Ended June 30, | 2023 | 2022 | ||||||||||||||||||||||||||||
2022 | 2021 | Amount | % of Total Operating | Amount | % of Total Operating | |||||||||||||||||||||||||
Amount | % of Total Operating Revenues | Amount | % of Total Operating Revenues | |||||||||||||||||||||||||||
Operating revenues | $ | 4,450,017 | 100 | % | $ | 4,248,179 | 100 | % | $ | 4,682,499 | 100 | % | $ | 4,450,017 | 100 | % | ||||||||||||||
Operating expenses: | ||||||||||||||||||||||||||||||
Data and product costs | 1,715,574 | 39 | % | 1,573,686 | 37 | % | 1,934,425 | 41 | % | 1,715,574 | 39 | % | ||||||||||||||||||
Selling, general and administrative expenses | 2,342,699 | 52 | % | 2,190,382 | 52 | % | 2,252,514 | 48 | % | 2,342,699 | 52 | % | ||||||||||||||||||
Depreciation and amortization | 107,000 | 2 | % | 66,503 | 1 | % | 94,566 | 2 | % | 107,000 | 2 | % | ||||||||||||||||||
Total operating expenses | 4,165,273 | 93 | % | 3,830,571 | 90 | % | 4,281,505 | 91 | % | 4,165,273 | 93 | % | ||||||||||||||||||
Income from operations | 284,744 | 7 | % | 417,608 | 10 | % | 400,994 | 9 | % | 284,744 | 7 | % | ||||||||||||||||||
Other income, net | 11,090 | 0 | % | 246 | 0 | % | 192,569 | 4 | % | 11,090 | 0 | % | ||||||||||||||||||
Income before income taxes | 295,834 | 7 | % | 417,854 | 10 | % | 593,563 | 13 | % | 295,834 | 7 | % | ||||||||||||||||||
Provision for income taxes | (83,166 | ) | (2 | %) | (95,146 | ) | (2 | %) | (142,212 | ) | (3 | %) | (83,166 | ) | (2 | %) | ||||||||||||||
Net income | $ | 212,668 | 5 | % | $ | 322,708 | 8 | % | $ | 451,351 | 10 | % | $ | 212,668 | 5 | % |
6 Months Ended June 30, | ||||||||||||||||
2022 | 2021 | |||||||||||||||
Amount | % of Total Operating Revenues | Amount | % of Total Operating Revenues | |||||||||||||
Operating revenues | $ | 8,788,220 | 100 | % | $ | 8,381,081 | 100 | % | ||||||||
Operating expenses: | ||||||||||||||||
Data and product costs | 3,473,486 | 40 | % | 3,201,472 | 38 | % | ||||||||||
Selling, general and administrative expenses | 4,633,801 | 53 | % | 4,391,174 | 52 | % | ||||||||||
Depreciation and amortization | 201,209 | 2 | % | 131,016 | 2 | % | ||||||||||
Total operating expenses | 8,308,496 | 95 | % | 7,723,662 | 92 | % | ||||||||||
Income from operations | 479,724 | 5 | % | 657,419 | 8 | % | ||||||||||
Other income, net | 11,787 | 0 | % | 3,494 | 0 | % | ||||||||||
Income before income taxes | 491,511 | 5 | % | 660,913 | 8 | % | ||||||||||
Provision for income taxes | (127,722 | ) | (1 | %) | (150,491 | ) | (2 | %) | ||||||||
Net income | $ | 363,789 | 4 | % | $ | 510,422 | 6 | % |
2023 | 2022 | |||||||||||||||
Amount | % of Total Operating | Amount | % of Total Operating | |||||||||||||
Operating revenues | $ | 9,273,243 | 100 | % | $ | 8,788,220 | 100 | % | ||||||||
Operating expenses: | ||||||||||||||||
Data and product costs | 3,854,796 | 42 | % | 3,473,486 | 40 | % | ||||||||||
Selling, general and administrative expenses | 4,611,555 | 50 | % | 4,633,801 | 53 | % | ||||||||||
Depreciation and amortization | 192,087 | 2 | % | 201,209 | 2 | % | ||||||||||
Total operating expenses | 8,658,438 | 94 | % | 8,308,496 | 95 | % | ||||||||||
Income from operations | 614,805 | 6 | % | 479,724 | 5 | % | ||||||||||
Other income, net | 333,547 | 4 | % | 11,787 | 0 | % | ||||||||||
Income before income taxes | 948,352 | 10 | % | 491,511 | 5 | % | ||||||||||
Provision for income taxes | (221,721 | ) | (2 | %) | (127,722 | ) | (1 | %) | ||||||||
Net income | $ | 726,631 | 8 | % | $ | 363,789 | 4 | % |
Item 4. | Controls and Procedures |
Item 6. | Exhibits |
Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 | ||
Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 | ||
Certification of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 | ||
Certification of Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 | ||
101.INS | XBRL Instance Document | |
101.SCH | XBRL Taxonomy Extension Schema Document | |
101.CAL | XBRL Taxonomy Extension Calculation Linkbase Document | |
101.DEF | XBRL Taxonomy Extension Definition Linkbase Document | |
101.LAB | XBRL Taxonomy Extension Label Linkbase Document | |
101.PRE | XBRL Taxonomy Extension Presentation Linkbase Document |
CREDITRISKMONITOR.COM, INC. | |||
(REGISTRANT) | |||
Date: August 10, | By: | /s/ Steven Gargano | |
Steven Gargano | |||
Senior Vice President & Chief Financial Officer | |||
(Principal Accounting Officer) |