Rumble Inc
For the period ended Dec 31, 2023. Filed Mar 27, 2024.
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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.
FY2023 · Filed Mar 27, 2024
RUM$5.08+3.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
Rumble Inc.
Consolidated Balance Sheets
(Expressed in U.S. Dollars)
| December 31, | 2023 | 2022 |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $218,338,658 | $337,169,279 |
| Marketable securities | 1,135,200 | 1,100,000 |
| Accounts receivable | 5,440,447 | 4,748,189 |
| Prepaid expenses and other | 13,090,072 | 9,342,691 |
| 238,004,377 | 352,360,159 | |
| Other non-current assets | 1,626,802 | 547,589 |
| Property and equipment, net | 19,689,987 | 8,844,232 |
| Right-of-use assets, net | 2,473,903 | 1,356,454 |
| Intangible assets, net | 23,262,428 | 3,211,305 |
| Goodwill | 10,655,391 | 662,899 |
| $295,712,888 | $366,982,638 | |
| Liabilities and Shareholders’ Equity | ||
| Current liabilities | ||
| Accounts payable and accrued liabilities | $24,713,203 | $14,324,696 |
| Deferred revenue | 7,003,891 | 1,040,619 |
| Income taxes payable | - | 934 |
| Lease liabilities | 975,844 | 583,186 |
| Contingent consideration | 863,643 | - |
| 33,556,581 | 15,949,435 | |
| Lease liabilities, long-term | 1,630,837 | 835,924 |
| Contingent consideration, net of current portion | 705,717 | - |
| Warrant liability | 7,696,605 | 10,062,500 |
| Other liability | 500,000 | 500,000 |
| 44,089,740 | 27,347,859 | |
| Commitments and contingencies (Note 16) | ||
| Shareholders’ equity | ||
| Preferred shares ($0.0001 par value per share, 20,000,000 shares authorized, no shares issued or outstanding) | - | - |
| Common shares ($0.0001 par value per share, 700,000,000 Class A shares authorized, 114,926,700 and 111,467,763 shares issued and outstanding, as of December 31, 2023 and 2022, respectively; 170,000,000 Class C authorized, 165,353,621 and 167,662,214 shares issued and outstanding, as of December 31, 2023 and 2022, respectively; 110,000,000 Class D authorized, 105,782,403 and 105,782,403 shares issued and outstanding, as of December 31, 2023 and 2022, respectively) | 768,523 | 768,357 |
| Accumulated deficit | (145,203,163) | (28,782,701) |
| Additional paid-in capital | 396,057,788 | 367,649,123 |
| 251,623,148 | 339,634,779 | |
| $295,712,888 | $366,982,638 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.