OLD MARKET CAPITAL Corp Files Q2 10-Q
Ticker: OMCC · Form: 10-Q · Filed: Nov 13, 2024 · CIK: 1000045
| Field | Detail |
|---|---|
| Company | Old Market Capital CORP (OMCC) |
| Form Type | 10-Q |
| Filed Date | Nov 13, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.00, $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, credit-institutions
TL;DR
**OMCC Q2 10-Q filed. Financials and operations updated.**
AI Summary
OLD MARKET CAPITAL Corp filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the quarter. Key financial data and business segments are presented, reflecting the company's activities in short-term business credit institutions.
Why It Matters
This filing provides investors with a quarterly update on OLD MARKET CAPITAL Corp's financial health and operational performance, crucial for investment decisions.
Risk Assessment
Risk Level: medium — As a financial institution, OLD MARKET CAPITAL Corp is subject to market and credit risks inherent in the short-term business credit sector.
Key Numbers
- 6153 — SIC Code (Identifies the company's industry as SHORT-TERM BUSINESS CREDIT INSTITUTIONS.)
Key Players & Entities
- OLD MARKET CAPITAL Corp (company) — Filer of the 10-Q
- NICHOLAS FINANCIAL INC (company) — Former company name
- 19950829 (date) — Date of name change
- 20240930 (date) — Period of report
- 20241113 (date) — Filing date
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20240930, meaning the filing covers the period ending September 30, 2024.
What was OLD MARKET CAPITAL Corp's former name?
The company was formerly known as NICHOLAS FINANCIAL INC, with a name change date of 19950829.
What is the primary business classification for OLD MARKET CAPITAL Corp?
The Standard Industrial Classification (SIC) code is 6153, indicating 'SHORT-TERM BUSINESS CREDIT INSTITUTIONS'.
Where is OLD MARKET CAPITAL Corp headquartered?
The company's business and mail address is 1601 DODGE ST., SUITE 3350, OMAHA, NE 68102.
When was this 10-Q form filed with the SEC?
The filing date (FILED AS OF DATE) is 20241113.
Filing Stats: 4,440 words · 18 min read · ~15 pages · Grade level 16.6 · Accepted 2024-11-13 16:21:24
Key Financial Figures
- $0.00 — s common stock par value increased from $0.00 to $0.01 on a one-for-one basis. NDS
- $0.01 — stock par value increased from $0.00 to $0.01 on a one-for-one basis. NDS historica
Filing Documents
- omcc-20240930.htm (10-Q) — 2113KB
- omcc-ex31_1.htm (EX-31.1) — 13KB
- omcc-ex31_2.htm (EX-31.2) — 13KB
- omcc-ex32_1.htm (EX-32.1) — 8KB
- omcc-ex32_2.htm (EX-32.2) — 8KB
- 0000950170-24-126356.txt ( ) — 10824KB
- omcc-20240930.xsd (EX-101.SCH) — 1817KB
- omcc-20240930_htm.xml (XML) — 2068KB
Financial Statements (Unaudited)
Financial Statements (Unaudited) 3 Condensed Consolidated Balance Sheets as of September 30, 2024 and March 31, 2024 3 Condensed Consolidated Statements of Operations for the Three and Six Months Ended September 30, 2024 and 2023 4 Condensed Consolidated Statements of Redeemable Non-Controlling Interest and Shareholders' Equity for the Three and Six Months Ended September 30, 2024 and 2023 5 Condensed Consolidated Statements of Cash Flows for the Six Months Ended September 30, 2024 and 2023 7 Notes to the Condensed Consolidated Financial Statements 8 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 30 Item 3.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 41 Item 4.
Controls and Procedures
Controls and Procedures 41 Part II Other Information 42 Item 1.
Legal Proceedings
Legal Proceedings 42 Item 1A.
Risk Factors
Risk Factors 42 Item 2. Unregistered Sale of Equity Securities and Use of Proceeds 43 Item 3. Defaults Upon Senior Securities 43 Item 4. Mine Safety Disclosures 43 Item 5. Other Information 43 Item 6. Exhibits 44 2
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS Old Market Capital Corporation Condensed Consolidated Balance Sheets (In thousands) September 30, 2024 March 31, 2024 (Unaudited) (Unaudited) Assets Current assets: Cash and cash equivalents $ 29,475 $ 18,982 Accounts receivable, net 123 - Materials and supplies 1,049 - Income taxes receivable 902 902 Prepaid expenses and other assets 986 373 Assets of discontinued operations - 39,441 Total current assets 32,535 59,698 Operating lease right-of-use assets 480 65 Property, plant, and equipment, net 25,911 75 Intangible assets, net 10,922 - Goodwill 10,434 - Total assets $ 80,282 $ 59,838 Liabilities, redeemable non-controlling interest and shareholders' equity Current liabilities: Accounts payable $ 1,767 $ 99 Accrued expenses and other current liabilities 665 335 Current portion of operating lease liabilities 117 - Deferred revenue 574 - Liabilities of discontinued operations 59 497 Total current liabilities 3,182 931 Deferred income taxes 4,730 - Operating lease liabilities 419 65 Total liabilities 8,331 996 Commitments and contingencies (Note 9) Redeemable non-controlling interest 15,738 - Shareholders' equity: Preferred stock, no par: 5,000 shares authorized; none issued - - Common stock, 50,000 shares authorized, $ 0.01 par value, 12,674 shares issued and 6,654 outstanding at September 30, 2024; no par value, 12,657 shares issued and 7,289 shares outstanding at March 31, 2024 67 35,267 Treasury stock: 6,020 and 5,368 common shares, at cost, as of September 30, 2024 and March 31, 2024, respectively ( 82,423 ) ( 76,794 ) Additional paid-in capital 39,755 - Retained earnings 95,271 100,369 Total Old Market Capital Corporation shareholders' equity 52,670 58,842 Noncontrolling interest 3,543 - Total shareholders' equity inclu