Omega Commercial Finance Corp (OCFN) Financial Statements (2026 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)
Annual | Quarterly

12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments05035282410
Cash and cash equivalent05035282410
Receivables    110  
Prepaid expense 111   
Deferred costs10,3327,5087,5087,5087,5087,508
Other undisclosed current assets(10,332)(7,508)(7,508)(7,508)(4,508)(7,508)
Total current assets:151351383,02410
Noncurrent Assets
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization424134011
Long-term investments and receivables      
Long-term investments      
Deposits noncurrent assets   17 3030
Other noncurrent assets     160160
Other undisclosed noncurrent assets  263 (30)(30)
Total noncurrent assets:42413130161161
Other undisclosed assets 88    
TOTAL ASSETS:501003481393,184171
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1255039394523
Other undisclosed accounts payable and accrued liabilities1255039394523
Debt2512,000947418 
Derivative instruments and hedges, liabilities1,2341,997580465253 
Estimated litigation liability2,3012,3012,3012,3012,3012,301
Customer advances and deposits24 ✕✕✕
Other undisclosed current liabilities(183)14(12)1 16
Total current liabilities:3,7306,3663,0022,8792,6172,339
Noncurrent Liabilities
Liabilities, other than long-term debt 1255024 298 
Accounts payable and accrued liabilities 1255024   
Derivative instruments and hedges, liabilities     298 
Total noncurrent liabilities: 1255024 298 
Other undisclosed liabilities     (290) 
Total liabilities:3,8546,4163,0262,8792,6242,339
Equity
Equity, attributable to parent, including:(3,679)(6,266)(2,653)(2,741)560(2,169)
Preferred stock, shares subscribed but unissued, subscriptions receivable43,64343,64343,64343,64340,643 
Common stock    2,8352,405
Additional paid in capital2,468,12451,08747,31846,99246,8476,067
Deferred compensation equity(53)(43)(24)(101)  
Accumulated deficit(2,435,774)(23,134)(11,270)(9,360)(8,855)(7,634)
Other undisclosed equity, attributable to parent(79,618)(77,818)(82,320)(83,913)(80,911)(3,007)
Total equity:(3,679)(6,266)(2,653)(2,741)560(2,169)
Other undisclosed liabilities and equity (125)(50)(24)(0)  
TOTAL LIABILITIES AND EQUITY:501003491393,184171

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
Revenues
(Financial Services Revenue)		12320403050260
Cost of revenue(36)(91)(44)(44)(44)(37)
Cost of product and service sold  (86)(44)   
Gross profit:86(71)(4)(14)6224
Operating expenses(2,413,390)(8,747)(1,186)(303)(1,062)(404)
Other operating income (expense), net663(3,386)(700)(208)(164)2
Other expenses (1)(2)2222
Other undisclosed operating income      
Operating loss:(2,412,640)(12,205)(1,890)(526)(1,221)(178)
Nonoperating income (expense)(76)907(119)329298 
Debt instrument, convertible, beneficial conversion feature (76)907(119)329298 
Interest and debt expense(14)(102)(7)(74)(20) 
Loss from continuing operations:(2,412,730)(11,400)(2,016)(270)(944)(178)
Loss before gain (loss) on sale of properties:(2,412,730)(11,400)(2,016)(270)(944)(178)
Other undisclosed net income      
Net loss:(2,412,730)(11,400)(2,016)(270)(944)(178)
Other undisclosed net income (loss) attributable to parent90(805)126(256)(277)(2)
Net loss available to common stockholders, diluted:(2,412,640)(12,205)(1,890)(526)(1,221)(180)

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
Net loss:(2,412,730)(11,400)(2,016)(270)(944)(178)
Comprehensive loss, net of tax, attributable to parent:(2,412,730)(11,400)(2,016)(270)(944)(178)

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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