Omega Commercial Finance Corp (OCFN) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
200 S. BISCAYNE BLVD SUITE 4450 MIAMI, FL 33131 |
| State of Incorp. | WY |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6153 - Short-Term Business Credit Institutions, Except Agricultural (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 28 | 252 | |||
| Cash and cash equivalent | 28 | 112 | |||
| Short-term investments | 140 | ||||
| Receivables | 110 | ||||
| Deferred costs | 7,508 | ||||
| Other undisclosed current assets | (7,508) | (140) | |||
| Total current assets: | 138 | 112 | |||
| Noncurrent Assets | |||||
| Property, plant and equipment | 0 | 1 | |||
| Long-term investments and receivables | |||||
| Long-term investments | |||||
| Other undisclosed noncurrent assets | 140 | ||||
| Total noncurrent assets: | 0 | 141 | |||
| TOTAL ASSETS: | 139 | 253 | |||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities, including: | 39 | 23 | |||
| Other undisclosed accounts payable and accrued liabilities | 39 | 23 | |||
| Debt | 74 | ||||
| Derivative instruments and hedges, liabilities | 465 | ||||
| Estimated litigation liability | 2,301 | 2,301 | |||
| Customer advances and deposits | ✕ | ✕ | |||
| Other undisclosed current liabilities | 1 | 185 | |||
| Total current liabilities: | 2,879 | 2,509 | |||
| Noncurrent Liabilities | |||||
| Total liabilities: | 2,879 | 2,509 | |||
| Equity | |||||
| Equity, attributable to parent, including: | (2,741) | (2,256) | |||
| Preferred stock, shares subscribed but unissued, subscriptions receivable | 43,643 | ||||
| Common stock | 585 | ||||
| Additional paid in capital | 46,992 | 4,069 | |||
| Deferred compensation equity | (101) | ||||
| Accumulated deficit | (9,360) | (6,909) | |||
| Other undisclosed equity, attributable to parent | (83,913) | ||||
| Total equity: | (2,741) | (2,256) | |||
| Other undisclosed liabilities and equity | (0) | ||||
| TOTAL LIABILITIES AND EQUITY: | 139 | 253 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|
| Revenues (Financial Services Revenue) | 405 | 259 | ||
| Cost of revenue | (169) | (1,054) | ||
| Gross profit: | 237 | (795) | ||
| Operating expenses | (2,312) | (820) | ||
| Other operating expense, net | (396) | (42) | ||
| Other expenses | 9 | 12 | ||
| Other undisclosed operating income | ||||
| Operating loss: | (2,471) | (1,657) | ||
| Nonoperating income (expense) | 627 | |||
| Debt instrument, convertible, beneficial conversion feature | 627 | |||
| Other nonoperating expense | ||||
| Interest and debt expense | (76) | (1) | ||
| Loss from continuing operations: | (1,920) | (1,658) | ||
| Loss before gain (loss) on sale of properties: | (1,920) | (1,658) | ||
| Net loss: | (1,920) | (1,658) | ||
| Other undisclosed net income (loss) attributable to parent | (551) | 1 | ||
| Net loss available to common stockholders, diluted: | (2,471) | (1,657) | ||
Comprehensive Income ($ in thousands)
| 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|
| Net loss: | (1,920) | (1,658) | ||
| Comprehensive loss, net of tax, attributable to parent: | (1,920) | (1,658) | ||
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.