RUM Group Inc.
For the period ended Dec 31, 2024. Filed Mar 25, 2025.
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FY2024 · Filed Mar 25, 2025
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12. Other Liability
| 12. | Other Liability |
The Company has received certain amounts from a third party to assist with certain operating expenditures of the Company. These amounts are to be repaid upon settlement of those expenditures, are non-interest bearing, and have been treated as a long-term liability. An amount of $500,000 related to these expenses was recorded in other liability as of December 31, 2024 and 2023.
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