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Document and Entity Information - shares
3 Months Ended
Mar. 31, 2019
May 06, 2019
Document and Entity Information [Abstract]    
Document Type 10-Q  
Amendment Flag false  
Document Period End Date Mar. 31, 2019  
Entity Registrant Name MORGAN GROUP HOLDING CO  
Entity Central Index Key 0001162283  
Current Fiscal Year End Date --12-31  
Document Fiscal Period Focus Q1  
Document Fiscal Year Focus 2019  
Entity Filer Category Non-accelerated Filer  
Entity Small Business true  
Entity Emerging Growth Company false  
Entity Common Stock, Shares Outstanding   4,859,055
Condensed Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Mar. 31, 2018
Current assets:      
Cash and cash equivalents $ 114,307 $ 129,635 $ 13,943
Stock subscription receivable 180,000
Prepaid expenses 1,190 7,454 15,750
Total current assets 115,497 137,089 209,693
Total assets 115,497 137,089 209,693
Current liabilities:      
Accrued liabilities 1,314 222 44,062
Total current liabilities 1,314 222 44,062
Total liabilities 1,314 222 44,062
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY      
Preferred stock, $0.01 par value, 1,000,000 shares authorized, none outstanding
Common stock, $0.01 par value, 10,000,000 shares authorized, 4,859,055 shares outstanding 48,591 48,591 48,591
Additional paid-in-capital 5,937,368 5,937,368 5,937,368
Accumulated deficit (5,871,776) (5,849,092) (5,820,328)
Total shareholders' equity 114,183 136,867 165,631
Total liabilities and shareholders' equity $ 115,497 $ 137,089 $ 209,693
Condensed Balance Sheets (Unaudited) (Parenthetical) - $ / shares
Mar. 31, 2019
Dec. 31, 2018
Mar. 31, 2018
Statement of Financial Position [Abstract]      
Preferred stock, par value (in dollars per share) $ 0.01 $ 0.01 $ 0.01
Preferred stock, shares authorized 1,000,000 1,000,000 1,000,000
Preferred stock, shares outstanding 0 0 0
Common stock, par value (in dollars per share) $ 0.01 $ 0.01 $ 0.01
Common stock, shares authorized 10,000,000 10,000,000 10,000,000
Common stock, shares outstanding 4,859,055 4,859,055 4,859,055
Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Income Statement [Abstract]    
Revenues
Administrative expenses (23,356) (27,021)
Other income:    
Interest income 672 45
Net loss before income taxes (22,684) (26,976)
Income taxes
Net loss $ (22,684) $ (26,976)
Net loss per share, basic and diluted $ (0.00) $ (0.01)
Shares outstanding, basic and diluted 4,859,055 3,559,055
Condensed Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows from Operating Activities    
Interest income $ 672 $ 45
Cash paid to suppliers (16,000) (3,375)
Net cash used in operating activities (15,328) (3,330)
Net decrease in cash and cash equivalents (15,328) (3,330)
Cash and cash equivalents, beginning of the period 129,635 17,273
Cash and cash equivalents, end of the period 114,307 13,943
Reconciliation of net loss to net cash used in operating activities:    
Net loss (22,684) (26,976)
Decrease (increase) in prepaid expenses 6,264 (15,421)
Increase in accrued liabilities 1,092 39,067
Net cash used in operating activities (15,328) (3,330)
Cash paid for interest
Cash paid for income taxes
Issuance of stock for subscription receivable $ 180,000
Condensed Statement of Shareholders' Equity (Unaudited) - 3 months ended Mar. 31, 2019 - USD ($)
Common Stock [Member]
Additional Paid in Capital [Member]
Accumulated Deficit [Member]
Total
Balance at Dec. 31, 2018 $ 48,591 $ 5,937,368 $ (5,849,092) $ 136,867
Balance (in shares) at Dec. 31, 2018 4,859,055      
Net loss for three months ended (22,684) (22,684)
Balance at Mar. 31, 2019 $ 48,591 $ 5,937,368 $ (5,871,776) $ 114,183
Balance (in shares) at Mar. 31, 2019 4,859,055      
Basis of Presentation
3 Months Ended
Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis of Presentation

Note 1. Basis of Presentation

Morgan Group Holding Co. (“Holding” or “the Company”) was incorporated in November 2001 as a wholly-owned subsidiary of LICT Corporation (“LICT”) to serve, among other business purposes, as a holding company for LICT’s controlling interest in The Morgan Group, Inc. (“Morgan”). On January 24, 2002, LICT spun off 2,820,051 shares of Holding common stock through a pro rata distribution (“Spin-Off”) to its stockholders and retained 235,294 shares.

The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three months ended March 31, 2019 are not necessarily indicative of the results that may be expected for the year ending December 31, 2019. The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from these estimates.

Significant Accounting Policies
3 Months Ended
Mar. 31, 2019
Accounting Policies [Abstract]  
Significant Accounting Policies

Note 2. Significant Accounting Policies

All highly liquid investments with maturity of three months or less when purchased are considered to be cash equivalents. The carrying value of a cash equivalent approximates its fair value based on its nature.

At March 31, 2019, December 31, 2018, and March 31, 2018, all cash and cash equivalents were invested in a United States Treasury money market fund, of which an affiliate of the Company serves as the investment manager.

The Company may from time to time invest in marketable securities that are bought and held principally for the purpose of selling them in the near term and are classified as trading securities. Trading securities are recorded at fair value on the balance sheet in current assets, with the change in fair value during the period included in earnings.

Basic earnings per share is based on the weighted-average number of common shares outstanding during each period. Diluted earnings per share is based on basic shares plus the incremental shares that would be issued upon the assumed exercise of in-the-money stock options and unvested restricted stock using the treasury stock method and, if dilutive

Fair Value of Financial Instruments
3 Months Ended
Mar. 31, 2019
Fair Value Disclosures [Abstract]  
Fair Value of Financial Instruments

Note 3. Fair Value of Financial Instruments

The Company measures fair value as the selling price that would be received for an asset, or paid to transfer a liability, in the principal market on the measurement date. The hierarchy established by the FASB prioritizes fair value measurements based on the types of inputs used in the valuation technique. The inputs are categorized into the following levels:

Level 1 – Observable inputs such as quoted prices in active markets for identical assets or liabilities.

Level 2 – Inputs other than quoted prices that are observable, either directly or indirectly, for identical or similar assets and liabilities in active or non-active markets; or model-derived valuations or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liability.

Level 3 – Unobservable inputs not corroborated by market data, therefore requiring the entity to use the best available information, including management assumptions.

At March 31, 2019, December 31, 2018, and March 31, 2018, the Company’s cash equivalents included money market securities. These securities are valued utilizing quoted market prices from identical instruments and are categorized in Level 1 of the fair value hierarchy.

At March 31, 2019, December 31, 2018, and March 31, 2018, there were no gross unrealized gains or losses.

Income Taxes
3 Months Ended
Mar. 31, 2019
Income Tax Disclosure [Abstract]  
Income Taxes

Note 4. Income Taxes

The Company is a “C” corporation for Federal tax purposes, and has provided for deferred income taxes for temporary differences between the financial statement and tax bases of its assets and liabilities. The Company has recorded a full valuation allowance against its deferred tax asset of approximately $201,972 arising from its temporary basis differences and tax loss carryforward, as its realization is dependent upon the generation of future taxable income during the period when such losses would be deductible.

Pursuant to Sections 382 and 383 of the Internal Revenue Code, annual use of any of the Company’s net operating loss carry forwards may be limited if cumulative changes in ownership of more than 50% occur during any three year period.

Commitments and Contingencies
3 Months Ended
Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

Note 5. Commitments and Contingencies

From time to time the Company may be subject to certain asserted and unasserted claims. It is the Company’s belief that the resolution of these matters will not have a material adverse effect on its financial position.

Shareholders' Equity
3 Months Ended
Mar. 31, 2019
Stockholders' Equity Note [Abstract]  
Shareholders' Equity

Note 6. Shareholders’ Equity

On March 19, 2018 the Company sold in a private placement to LICT, 1,500,000 of its shares common stock for $180,000, or $0.12 per share. These funds are intended to be used to pay administrative costs for the next three years, until an acquisition candidate can be found and appropriate financing obtained. The funds from the sale were received on April 3, 2018.

At the Company’s Annual Meeting of Stockholders on May 8, 2014, its stockholders voted to amend the Company’s Certificate of Incorporation (the “Charter Amendment”) to increase the number of authorized shares of common stock, par value $0.01 per share, from 10,000,000 to 100,000,000. In order to economize costs until necessary, the Company has not yet filed the Amended Certificate of Incorporation with its state of incorporation, Delaware, to effectuate the authorization.

Basis of Presentation (Details)
1 Months Ended
Jan. 24, 2002
shares
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Stock Issued During Period, Shares, New Issues 2,820,051
Shares Retained During Period 235,294
Income Taxes (Details)
Mar. 31, 2019
USD ($)
Income Tax Disclosure [Abstract]  
Deferred Tax Assets, Valuation Allowance $ 201,972
Shareholders' Equity (Details) - USD ($)
1 Months Ended
Mar. 19, 2018
Mar. 31, 2019
Dec. 31, 2018
Mar. 31, 2018
May 08, 2014
Common stock, par value per share   $ 0.01 $ 0.01 $ 0.01  
Common stock, shares authorized   10,000,000 10,000,000 10,000,000  
LICT [Member]          
Number of shares sold 1,500,000        
Number of shares sold, value $ 180,000        
Sale of stock price per share $ 0.12        
Not Yet Authorized [Member]          
Common stock, par value per share         $ 0.01
Common stock, shares authorized         100,000,000