Rumble Inc
For the period ended Dec 31, 2023. Filed Mar 27, 2024.
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FY2023 · Filed Mar 27, 2024
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5. Cash, Cash Equivalents, and Marketable Securities
| 5. | Cash, Cash Equivalents, and Marketable Securities |
Cash and cash equivalents as of December 31, 2023 and 2022 consist of the following:
| 2023 · 2022 | |||
|---|---|---|---|
| Contracted | |||
| Maturity | Balance | Balance | |
| Cash | Demand | $11,632,839 | $3,519,674 |
| Treasury bills and money market funds | Demand | 206,705,819 | 333,649,605 |
| $218,338,658 | $337,169,279 | ||
Marketable securities consist of term deposits of $1,135,200 as at December 31, 2023 (2022 – $1,100,000). The Company did not have any long-term investments as at December 31, 2023 or 2022.
As of December 31, 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 (2022 – $1,257,500).
Rumble Inc.
Notes to the Consolidated Financial Statements
(Expressed in U.S. Dollars)
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