Balance sheet for Oceanic Exploration Co (OCEX)

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Balance Sheet for Oceanic Exploration Co
Dec 31, 2009 Dec 31, 2008 Dec 31, 2007
Assets
Cash And Cash Equivalents 70,000 163,000 913,000
Short Term Investments - - -
Net Receivables 17,000 13,000 10,000
Inventory - - -
Other Current Assets 32,000 41,000 7,000
Total Current Assets 119,000 217,000 931,000
Long Term Investments - - -
Property Plant and Equipment 34,000 23,000 19,000
Goodwill - - -
Intangible Assets - - -
Accumulated Amortization - - -
Other Assets - - -
Deferred Long Term Asset Charges - - -
Total Assets 136,000 239,000 950,000
Liabilities
Accounts Payable 4,158,000 2,589,000 822,000
Short/Current Long Term Debt - - -
Other Current Liabilities - - -
Total Current Liabilities 4,158,000 2,589,000 822,000
Long Term Debt 708,000 - -
Other Liabilities 4,000 631,000 845,000
Deferred Long Term Liability Charges - - -
Minority Interest - - -
Negative Goodwill - - -
Total Liabilities 4,870,000 3,220,000 1,667,000
Stockholders' Equity
Misc Stocks Options Warrants - - -
Redeemable Preferred Stock - - -
Preferred Stock - - -
Common Stock 3,731,000 3,731,000 3,731,000
Retained Earnings -16,630,000 -14,877,000 -12,613,000
Treasury Stock - - -
Capital Surplus 8,166,000 8,166,000 8,166,000
Other Stockholder Equity - - -
Total Stockholder Equity -4,734,000 -2,980,000 -717,000
Net Tangible Assets -4,734,000 -2,980,000 -717,000
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