RUM Group Inc.
For the period ended Dec 31, 2024. Filed Mar 25, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 25, 2025
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5. Cash, Cash Equivalents, and Marketable Securities
| 5. | Cash, Cash Equivalents, and Marketable Securities |
Cash and cash equivalents consist of the following:
| As of December 31, | |||
|---|---|---|---|
| Contracted | 2024 | 2023 | |
| Maturity | Balance | Balance | |
| Cash | Demand | $7,344,275 | $11,632,839 |
| Treasury bills, money market funds, and term deposits | Demand | 106,674,625 | 206,705,819 |
| $114,018,900 | $218,338,658 | ||
Marketable securities consist of term deposits of $nil and $1,135,200 as of December 31, 2024 and 2023, respectively. The Company did not have any long-term investments as of December 31, 2024 or 2023.
As of December 31, 2024 and 2023, the Company entered into a guarantee/ standby letter of credit in the amount of $1,362,500 which will be used towards the issuance of credit for running the day-to-day business operations.
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