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
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments000
Cash and cash equivalents000
Short-term investments  0
Receivables 0 
Deferred costs88 
Other undisclosed current assets(8)(8)(0)
Total current assets:000
Noncurrent Assets
Property, plant and equipment000
Long-term investments and receivables0  
Long-term investments0  
Other undisclosed noncurrent assets0 0
Total noncurrent assets:000
TOTAL ASSETS:000
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:000
Other undisclosed accounts payable and accrued liabilities000
Debt00 
Derivative instruments and hedges, liabilities20 
Estimated litigation liability222
Customer advances and deposits0
Other undisclosed current liabilities(0)00
Total current liabilities:533
Noncurrent Liabilities
Total liabilities:533
Stockholders' equity
Stockholders' equity attributable to parent, including:(4)(3)(2)
Preferred stock, shares subscribed but unissued, subscriptions receivable4444 
Common stock1 1
Additional paid in capital2,578474
Deferred compensation equity(2,402)(0) 
Accumulated deficit(2,546)(9)(7)
Other undisclosed stockholders' equity attributable to parent2,321(84) 
Total stockholders' equity:(4)(3)(2)
Other undisclosed liabilities and equity (0) 
TOTAL LIABILITIES AND EQUITY:000

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

12/31/2014
12/31/2013
12/31/2012
Revenues
(Financial Services Revenue)
000
Cost of revenue(0)(0)(1)
Gross profit:00(1)
Operating expenses(2,516)(2)(1)
Other operating expense, net(0)(0)(0)
Other expenses(0)00
Other undisclosed operating income0  
Operating loss:(2,516)(2)(2)
Nonoperating income (expense)(22)1 
Debt instrument, convertible, beneficial conversion feature(1)1 
Other nonoperating expense(21)  
Interest and debt expense(0)(0)(0)
Net loss:(2,538)(2)(2)
Other undisclosed net income (loss) attributable to parent1(1)0
Net loss available to common stockholders, diluted:(2,537)(2)(2)

Comprehensive Income ($ in millions)

12/31/2014
12/31/2013
12/31/2012
Net loss:(2,538)(2)(2)
Comprehensive loss, net of tax, attributable to parent:(2,538)(2)(2)

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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