Occidental Development Group Inc (ILVG) Financial Statements (2024 and earlier)

Company Profile

Business Address 256 S. ROBERTSON BLVD
BEVERLY HILLS, CA 90211
State of Incorp. NV
Fiscal Year End May 31
Industry (SIC) 7359 - Equipment Rental and Leasing, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) (USD)

5/31/2015
Q4
2/28/2015
Q3
11/30/2014
Q2
8/31/2014
Q1
5/31/2014
Q4
2/28/2014
Q3
11/30/2013
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,7191,7191,7191,7191,8151,940
Cash and cash equivalents1,7191,7191,7191,7191,8151,940
Inventory, net of allowances, customer advances and progress billings    53,701 
Inventory    53,701  
Other undisclosed current assets    (53,701)78421
Total current assets:1,7191,7191,7191,7191,8932,361
Noncurrent Assets
Property, plant and equipment   314,9031,806,782 
Other undisclosed noncurrent assets    (314,903)(1,806,782) 
Total noncurrent assets:      
TOTAL ASSETS:1,7191,7191,7191,7191,8932,361
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 528,830519,621520,637513,528228,672232,183
Interest and dividends payable 287,518278,309269,100259,891  
Accounts payable 55,49655,49655,49655,34666,83167,377
Accrued liabilities 185,816185,816196,041198,291161,841164,806
Debt 542,221542,221542,221542,221542,221542,221
Due to related parties 30,1274,4814,09417,6523,5303,122
Other undisclosed current liabilities 227,940253,133242,908226,800295,888280,880
Total current liabilities: 1,329,1181,319,4561,309,8601,300,2011,070,3111,058,406
Noncurrent Liabilities
Total liabilities: 1,329,1181,319,4561,309,8601,300,2011,070,3111,058,406
Equity
Equity, attributable to parent, including:(1,327,399)(1,317,737)(1,308,141)(1,298,482)(1,068,418)(1,056,045)
Common stock 75,88675,88675,88675,88675,88655,589
Common stock, share subscribed but unissued, subscriptions receivable    (56,000)  
Additional paid in capital 15,806,17115,806,17115,806,17115,806,17115,094,18114,799,878
Accumulated other comprehensive loss (779,695)(779,695)(779,695)(779,695)(84,113)(84,197)
Accumulated deficit(16,485,761)(16,476,099)(16,466,503)(16,456,844)(16,173,133)(16,173,133)
Other undisclosed equity, attributable to parent 56,00056,00056,000112,00018,761345,818
Total equity:(1,327,399)(1,317,737)(1,308,141)(1,298,482)(1,068,418)(1,056,045)
TOTAL LIABILITIES AND EQUITY:1,7191,7191,7191,7191,8932,361

Income Statement (P&L) (USD)

5/31/2015
Q4
2/28/2015
Q3
11/30/2014
Q2
8/31/2014
Q1
5/31/2014
Q4
2/28/2014
Q3
11/30/2013
Q2
Other undisclosed income before gain (loss) on sale of properties    27,762  
Operating expenses  (150)(230,169)(707)(1,147)
Other operating expense, net
(Other Expenses)
     (11,750)(23,635)
Other undisclosed operating income    11,75023,635
Operating loss:(9,662)(9,596)(9,659)(230,169)(707)(1,147)
Nonoperating expense    (663,753)(2,115)(11,144)
Debt instrument, convertible, beneficial conversion feature     (2,115)(11,144)
Interest and debt expense9,6629,5969,509(61,418)9,63512,491
Income (loss) from continuing operations:  (150)(955,340)6,813200
Income (loss) before gain (loss) on sale of properties:  (150)(927,578)6,813200
Other undisclosed net income (loss)  (9,509)600,450  
Net income (loss):  (9,659)(327,128)6,813200
Other undisclosed net income (loss) attributable to parent(9,662)(9,596) 80,656(19,270)(24,982)
Net loss available to common stockholders, diluted:(9,662)(9,596)(9,659)(246,472)(12,457)(24,782)

Comprehensive Income (USD)

5/31/2015
Q4
2/28/2015
Q3
11/30/2014
Q2
8/31/2014
Q1
5/31/2014
Q4
2/28/2014
Q3
11/30/2013
Q2
Net income (loss):  (9,659)(327,128)6,813200
Other comprehensive loss(9,662)(9,596)(9,659)   
Comprehensive income (loss):(9,662)(9,596)(19,318)(327,128)6,813200
Other undisclosed comprehensive loss, net of tax, attributable to parent    (614,926)(19,186)(18,939)
Comprehensive loss, net of tax, attributable to parent:(9,662)(9,596)(19,318)(942,054)(12,373)(18,739)

Statements Sources

The financial statements are based on the Company's filings with 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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