Omagine Inc (OMAG) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
136 MADISON AVENUE NEW YORK, NY 10116 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 65 - Real Estate (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | 12/31/2011 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 229 | 325 | 1,114 | 20 | 62 | ✕ | ||
| Cash and cash equivalents | 229 | 325 | 1,114 | 20 | 62 | ✕ | ||
| Prepaid expense | 2 | 1 | 36 | ✕ | ✕ | |||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | 164 | ✕ | ||
| Other undisclosed current assets | 490,815 | 490,813 | 5 | (26) | ✕ | |||
| Total current assets: | 491,044 | 491,140 | 1,119 | 30 | 226 | ✕ | ||
| Noncurrent Assets | ||||||||
| Property, plant and equipment | 227,807 | 227,812 | 10 | 11 | 8 | ✕ | ||
| Other noncurrent assets | 4 | 34 | 32 | 30 | ✕ | ✕ | ||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | 12 | ✕ | ||
| Total noncurrent assets: | 227,811 | 227,846 | 42 | 41 | 20 | ✕ | ||
| TOTAL ASSETS: | 718,855 | 718,985 | 1,161 | 71 | 247 | ✕ | ||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 1,084 | 730 | 896 | 974 | 666 | ✕ | ||
| Accounts payable | 664 | 340 | 258 | 247 | 145 | ✕ | ||
| Employee-related liabilities | 420 | 390 | 638 | 728 | 521 | ✕ | ||
| Debt | 163 | ✕ | ||||||
| Other undisclosed current liabilities | 1,422 | 757 | 745 | 628 | 428 | ✕ | ||
| Total current liabilities: | 2,668 | 1,488 | 1,640 | 1,603 | 1,094 | ✕ | ||
| Noncurrent Liabilities | ||||||||
| Total liabilities: | 2,668 | 1,488 | 1,640 | 1,603 | 1,094 | ✕ | ||
| Stockholders' equity | ||||||||
| Stockholders' equity attributable to parent, including: | 429,098 | 430,328 | (400) | (1,506) | (857) | ✕ | ||
| Common stock | 20 | 19 | ✕ | |||||
| Additional paid in capital | 470,351 | 468,652 | 32,253 | 25,988 | 23,996 | ✕ | ||
| Accumulated deficit | (41,273) | (38,343) | (32,669) | ✕ | ||||
| Other undisclosed stockholders' equity attributable to parent | 17 | (27,494) | (24,853) | ✕ | ||||
| Stockholders' equity attributable to noncontrolling interest | 287,089 | 287,170 | (80) | (26) | 9 | ✕ | ||
| Total stockholders' equity: | 716,187 | 717,498 | (479) | (1,532) | (847) | ✕ | ||
| TOTAL LIABILITIES AND EQUITY: | 718,855 | 718,985 | 1,161 | 71 | 247 | ✕ | ||
Income Statement (P&L) ($ in thousands) Annual | Quarterly
| 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | 12/31/2011 | ||
|---|---|---|---|---|---|---|---|
| Gross profit: | (717) | (1,857) | (1,067) | (892) | ✕ | ||
| Operating expenses | (2,010) | (3,911) | (5,113) | (1,563) | (1,898) | ✕ | |
| Operating loss: | (2,727) | (5,768) | (5,113) | (2,631) | (2,790) | ✕ | |
| Nonoperating expense | (284) | (101) | (101) | (45) | (36) | ✕ | |
| Debt instrument, convertible, beneficial conversion feature | 50 | ✕ | |||||
| Interest and debt expense | (84) | (60) | (61) | (36) | (36) | ✕ | |
| Loss before gain (loss) on sale of properties: | (3,095) | (5,929) | (5,276) | (2,712) | (2,862) | ✕ | |
| Other undisclosed net income | 84 | 60 | 61 | 72 | 72 | ✕ | |
| Net loss: | (3,011) | (5,869) | (5,215) | (2,641) | (2,790) | ✕ | |
| Net income attributable to noncontrolling interest | 81 | 196 | 54 | 35 | 36 | ✕ | |
| Other undisclosed net loss attributable to parent | (35) | (36) | ✕ | ||||
| Net loss available to common stockholders, diluted: | (2,931) | (5,673) | (5,161) | (2,641) | (2,790) | ✕ | |
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | 12/31/2011 | ||
|---|---|---|---|---|---|---|---|
| Net loss: | (3,011) | (5,869) | (5,215) | (2,641) | (2,790) | ✕ | |
| Comprehensive loss: | (3,011) | (5,869) | (5,215) | (2,641) | (2,790) | ✕ | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 81 | 196 | 54 | (35) | (36) | ✕ | |
| Comprehensive loss, net of tax, attributable to parent: | (2,931) | (5,673) | (5,161) | (2,676) | (2,826) | ✕ | |
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.