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MGHL > SEC Filings for MGHL > Form 10-Q on 5-Aug-2013All Recent SEC Filings

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Form 10-Q for MORGAN GROUP HOLDING CO


5-Aug-2013

Quarterly Report


Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Overview

The Company currently has no operating businesses and actively seeking acquisitions as part of its strategic alternatives. Its only costs are the expenses required to make the regulatory filings needed to maintain its public status and to find and evaluate potential acquisitions. These costs are estimated at $25,000 to $75,000 per year.

Results of Operations

For the three months ended June 30, 2013, the Company incurred $12,050 of administrative expenses, an increase of $1,920 from the $10,130 of expenses in the three months ended June 30, 2012, due to the costs of Directors and Officers Insurance. For the six months ended June 30, 2013, the Company incurred $38,377 of administrative expenses an increase of $10,974 from the $27,403 of expenses in the six months ended June 30, 2012, due to activity associated with acquisition evaluation, the costs of Directors and Officers Insurance and other administrative costs of maintaining in public status.

The company may from time to time invest in marketable securities that are subject to a publicly disclosed acquisition offer but are trading below the proposed acquisition price. No investments have been made during 2013. During the three and six months ended June 30, 2012, the company recorded $590 and $1,788, respectively, of net realized and unrealized gains from this activity, no realized or unrealized gains or losses were recorded during 2013. In addition, the Company also received $290 in dividend income for the three and six months ended June 30, 2012 as compared to $0 for the three and six months ended June 30, 2013, also as a result of this marketable security program.

Interest income from the Company investments in a money market fund that invests in United States Treasury securities and in United States Treasury securities was $8 and $20, respectively, during the three and six months ended June 30, 2013 as compared to $8 during the three and six months ended June 30, 2012.


Liquidity and Capital Resources

As of June 30, 2013, the Company's principal assets consisted of cash and cash equivalents of $312,164 and a capital loss carry forward of about $4.4 million which it expects will substantially expire at the end of this year. The ability to utilize this carry forward is dependent on the Company's ability to generate a capital gain prior to its expiration, which is unlikely at this time.

Off Balance Sheet Arrangements

None.

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