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)

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 investments2293251,1142062
Cash and cash equivalents2293251,1142062
Prepaid expense 2136
Prepaid expense and other current assets164
Other undisclosed current assets490,815490,8135(26) 
Total current assets:491,044491,1401,11930226
Noncurrent Assets
Property, plant and equipment227,807227,81210118
Other noncurrent assets4343230
Prepaid expense and other noncurrent assets12
Total noncurrent assets:227,811227,846424120
TOTAL ASSETS:718,855718,9851,16171247
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,084730896974666
Accounts payable664340258247145
Employee-related liabilities420390638728521
Debt163    
Other undisclosed current liabilities1,422757745628428
Total current liabilities:2,6681,4881,6401,6031,094
Noncurrent Liabilities
Total liabilities:2,6681,4881,6401,6031,094
Stockholders' equity
Stockholders' equity attributable to parent, including:429,098430,328(400)(1,506)(857)
Common stock2019   
Additional paid in capital470,351468,65232,25325,98823,996
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 interest287,089287,170(80)(26)9
Total stockholders' equity:716,187717,498(479)(1,532)(847)
TOTAL LIABILITIES AND EQUITY:718,855718,9851,16171247

Income Statement (P&L) ($ in thousands)

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 feature50    
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 income8460617272
Net loss:(3,011)(5,869)(5,215)(2,641)(2,790)
Net income attributable to noncontrolling interest81196543536
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)

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 interest8119654(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.

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