Omagine Inc (OMAG) Financial Statements (2024 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) (USD)

9/30/2017
MRQ
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 229,228324,7031,113,67919,72362,127
Cash and cash equivalents 229,228324,7031,113,67919,72362,127
Prepaid expense  1,76778035,880
Prepaid expense and other current assets164,139
Other undisclosed current assets 490,815,222490,813,3635,000(25,605) 
Total current assets: 491,044,450491,139,8331,119,45929,998226,266
Noncurrent Assets
Property, plant and equipment 227,806,901227,811,7459,56811,2628,188
Other noncurrent assets 4,05733,76231,98229,982
Prepaid expense and other noncurrent assets12,161
Total noncurrent assets: 227,810,958227,845,50741,55041,24420,349
TOTAL ASSETS: 718,855,408718,985,3401,161,00971,242246,615
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 1,083,539730,124895,658974,469666,125
Employee-related liabilities 419,626389,834637,922727,612521,362
Accounts payable 663,913340,290257,736246,857144,763
Debt 162,500    
Other undisclosed current liabilities 1,421,951757,426744,539628,434427,963
Total current liabilities: 2,667,9901,487,5501,640,1971,602,9031,094,088
Noncurrent Liabilities
Total liabilities: 2,667,9901,487,5501,640,1971,602,9031,094,088
Equity
Equity, attributable to parent, including: 429,097,981430,327,690(399,567)(1,505,709)(856,892)
Common stock 20,43218,728   
Additional paid in capital 470,350,815468,651,65432,252,95425,987,79523,996,481
Accumulated deficit (41,273,266)(38,342,692)(32,669,399)  
Other undisclosed equity, attributable to parent   16,878(27,493,504)(24,853,373)
Equity, attributable to noncontrolling interest 287,089,437287,170,100(79,621)(25,952)9,419
Total equity: 716,187,418717,497,790(479,188)(1,531,661)(847,473)
TOTAL LIABILITIES AND EQUITY: 718,855,408718,985,3401,161,00971,242246,615

Income Statement (P&L) (USD)

9/30/2017
TTM
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
12/31/2011
Gross profit: (717,065)(1,857,440) (1,067,480)(891,845)
Operating expenses (2,009,874)(3,910,761)(5,113,241)(1,563,075)(1,898,130)
Operating loss: (2,726,939)(5,768,201)(5,113,241)(2,630,555)(2,789,975)
Nonoperating expense (284,298)(100,971)(101,388)(45,406)(35,998)
Debt instrument, convertible, beneficial conversion feature 50,000    
Interest and debt expense (83,550)(59,671)(61,189)(36,238)(35,998)
Loss from continuing operations: (3,094,787)(5,928,843)(5,275,818)(2,712,199)(2,861,971)
Loss before gain (loss) on sale of properties: (3,094,787)(5,928,843)(5,275,818)(2,712,199)(2,861,971)
Other undisclosed net income 83,55059,67161,18971,60971,995
Net loss: (3,011,237)(5,869,172)(5,214,629)(2,640,590)(2,789,976)
Net income attributable to noncontrolling interest 80,663195,87953,66935,37135,997
Other undisclosed net loss attributable to parent    (35,371)(35,997)
Net loss available to common stockholders, diluted: (2,930,574)(5,673,293)(5,160,960)(2,640,590)(2,789,976)

Comprehensive Income (USD)

9/30/2017
TTM
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
12/31/2011
Net loss: (3,011,237)(5,869,172)(5,214,629)(2,640,590)(2,789,976)
Comprehensive loss: (3,011,237)(5,869,172)(5,214,629)(2,640,590)(2,789,976)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 80,663195,87953,669(35,371)(35,997)
Comprehensive loss, net of tax, attributable to parent: (2,930,574)(5,673,293)(5,160,960)(2,675,961)(2,825,973)

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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