Oro East Mining Inc (OROE) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
1127 WEBSTER STREET, SUITE 28 OAKLAND, CA 94607 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 677 - Blank Checks (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) (USD)
| 9/30/2016 MRQ | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 7,149 | 64,832 | 57,972 | 374,748 | |||
| Cash and cash equivalents | 7,149 | 64,832 | 57,972 | 374,748 | |||
| Receivables | 24,633 | ||||||
| Inventory, net of allowances, customer advances and progress billings | 18,734 | 18,734 | 19,578 | ✕ | |||
| Inventory | 18,734 | 18,734 | 19,578 | ||||
| Prepaid expense | 43,693 | 43,693 | 99,162 | ✕ | |||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | 88,280 | ||
| Other current assets | 127,421 | 154,720 | 48,926 | ✕ | |||
| Total current assets: | 196,997 | 281,979 | 250,271 | 463,028 | |||
| Noncurrent Assets | |||||||
| Property, plant and equipment | 525,621 | 658,045 | 397,218 | 227,412 | |||
| Total noncurrent assets: | 525,621 | 658,045 | 397,218 | 227,412 | |||
| TOTAL ASSETS: | 722,618 | 940,024 | 647,489 | 690,440 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities | 846,667 | 392,132 | 205,102 | 573,148 | |||
| Interest and dividends payable | 221,790 | ||||||
| Accounts payable | 87,018 | 148,322 | 205,102 | 20,830 | |||
| Accrued liabilities | 537,859 | 243,810 | 552,318 | ||||
| Debt | 1,120,009 | 1,169,733 | 215,237 | 199,169 | |||
| Due to related parties | 217,851 | 372,017 | 127,327 | ||||
| Other undisclosed current liabilities | 1,373,960 | 610,778 | 539,457 | 39,637 | |||
| Total current liabilities: | 3,558,487 | 2,544,660 | 959,796 | 939,281 | |||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | 20,009 | 39,742 | |||||
| Long-term debt, excluding current maturities | 16,838 | 32,392 | |||||
| Capital lease obligations | 3,171 | 7,350 | |||||
| Total noncurrent liabilities: | 20,009 | 39,742 | |||||
| Total liabilities: | 3,558,487 | 2,564,669 | 999,538 | 939,281 | |||
| Equity | |||||||
| Equity, attributable to parent | (2,754,382) | (1,563,282) | (345,575) | (248,841) | |||
| Common stock | 58,187 | 58,088 | 2,717 | 2,820 | |||
| Additional paid in capital | 6,768,264 | 6,413,945 | 4,396,796 | 2,878,769 | |||
| Accumulated other comprehensive income (loss) | (24,135) | (24,115) | (21,759) | 3,799 | |||
| Accumulated deficit | (9,556,698) | (8,011,200) | (4,723,329) | (3,134,229) | |||
| Equity, attributable to noncontrolling interest | (81,487) | (61,363) | (6,474) | ||||
| Total equity: | (2,835,869) | (1,624,645) | (352,049) | (248,841) | |||
| TOTAL LIABILITIES AND EQUITY: | 722,618 | 940,024 | 647,489 | 690,440 | |||
Income Statement (P&L) (USD)
| 9/30/2016 TTM | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|
| Revenues | 628 | 16,918 | 127,234 | |||
| Revenue, net | 16,918 | 127,234 | ||||
| Other income | 628 | ✕ | ✕ | ✕ | ||
| Cost of revenue | (14,001) | (73,390) | (405,900) | |||
| Cost of goods and services sold | (436,097) | (405,900) | ||||
| Gross profit: | 628 | 2,917 | 53,844 | (405,900) | ||
| Operating expenses | (1,177,104) | (2,649,459) | (1,629,086) | (1,213,506) | ||
| Operating loss: | (1,176,476) | (2,646,542) | (1,575,242) | (1,619,406) | ||
| Nonoperating expense | (388,518) | (696,218) | (25,482) | (10,572) | ||
| Interest and debt expense | (389,146) | (659,632) | (24,836) | (11,054) | ||
| Loss from continuing operations: | (1,954,140) | (4,002,392) | (1,625,560) | (1,641,032) | ||
| Loss before gain (loss) on sale of properties: | (1,954,140) | (4,002,392) | (1,625,560) | (1,641,032) | ||
| Other undisclosed net income | 388,518 | 659,632 | 24,836 | |||
| Net loss: | (1,565,622) | (3,342,760) | (1,600,724) | (1,641,032) | ||
| Net income attributable to noncontrolling interest | 20,124 | 54,889 | 11,624 | |||
| Other undisclosed net income attributable to parent | 416,954 | |||||
| Net loss available to common stockholders, diluted: | (1,545,498) | (3,287,871) | (1,589,100) | (1,224,078) | ||
Comprehensive Income (USD)
| 9/30/2016 TTM | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|
| Net loss: | (1,565,622) | (3,342,760) | (1,600,724) | (1,641,032) | ||
| Comprehensive loss: | (1,565,622) | (3,342,760) | (1,600,724) | (1,641,032) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 20,124 | 54,889 | (11,624) | |||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (20) | (2,356) | (2,310) | 412,270 | ||
| Comprehensive loss, net of tax, attributable to parent: | (1,545,518) | (3,290,227) | (1,614,658) | (1,228,762) | ||
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.