Omega Commercial Finance Corp (OCFN) financial statements (2021 and earlier)

Company profile

Business Address 200 S. BISCAYNE BLVD SUITE 4450
MIAMI, FL 33131
State of Incorp. WY
Fiscal Year End December 31
SIC 6153 - Short-Term Business Credit Institutions, Except Agricultural (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments000000
Cash and cash equivalents000000
Receivables    0 
Prepaid expense 000  
Deferred costs8108888
Other undisclosed current assets(8)(10)(8)(8)(8)(5)
Total current assets:000003
Noncurrent Assets
Property, plant and equipment000000
Long-term investments and receivables0     
Long-term investments0     
Deposits noncurrent assets   0 0
Other noncurrent assets     0
Other undisclosed noncurrent assets0  0 (0)
Total noncurrent assets:000000
Other undisclosed assets 00   
TOTAL ASSETS:000003
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:000000
Other undisclosed accounts payable and accrued liabilities000000
Debt002000
Derivative instruments and hedges, liabilities212100
Estimated litigation liability222222
Customer advances and deposits000 
Other undisclosed current liabilities(0)(0)0(0)0 
Total current liabilities:546333
Noncurrent Liabilities
Liabilities, other than long-term debt 000 0
Accounts payable and accrued liabilities 000  
Derivative instruments and hedges, liabilities     0
Total noncurrent liabilities: 000 0
Other undisclosed liabilities     (0)
Total liabilities:546333
Stockholders' equity
Stockholders' equity attributable to parent, including:(4)(4)(6)(3)(3)1
Preferred stock, shares subscribed but unissued, subscriptions receivable444444444441
Common stock1    3
Additional paid in capital2,5782,46851474747
Deferred compensation equity(2,402)(0)(0)(0)(0) 
Accumulated deficit(2,546)(2,436)(23)(11)(9)(9)
Other undisclosed stockholders' equity attributable to parent2,321(80)(78)(82)(84)(81)
Total stockholders' equity:(4)(4)(6)(3)(3)1
Other undisclosed liabilities and equity (0)(0)(0)(0) 
TOTAL LIABILITIES AND EQUITY:000003

Income statement (P&L) ($ in millions)

12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
Revenues
(Financial Services Revenue)
000000
Cost of revenue(0)(0)(0)(0)(0)(0)
Cost of goods and services sold  (0)(0)  
Gross profit:00(0)(0)(0)0
Operating expenses(93)(2,413)(9)(1)(0)(1)
Other operating income (expense), net31(3)(1)(0)(0)
Other undisclosed operating income0     
Operating loss:(90)(2,413)(12)(2)(1)(1)
Nonoperating income (expense)(23)(0)1(0)00
Debt instrument, convertible, beneficial conversion feature (0)1(0)00
Interest and debt expense0(0)(0)(0)(0)(0)
Loss before gain (loss) on sale of properties:(112)(2,413)(11)(2)(0)(1)
Other undisclosed net income1     
Net loss:(112)(2,413)(11)(2)(0)(1)
Other undisclosed net income (loss) attributable to parent10(1)0(0)(0)
Net loss available to common stockholders, diluted:(110)(2,413)(12)(2)(1)(1)

Comprehensive Income ($ in millions)

12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
Net loss:(112)(2,413)(11)(2)(0)(1)
Comprehensive loss, net of tax, attributable to parent:(112)(2,413)(11)(2)(0)(1)

Statements sources

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