Rumble Inc
For the period ended Mar 31, 2024. Filed May 14, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 14, 2024
RUM$5.11+0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Interim Statements of Cash Flows
| For the three months ended March 31, | 2024 | 2023 |
|---|---|---|
| Cash flows provided by (used in) | ||
| Operating activities | ||
| Net loss for the period | $(43,290,040) | $(28,668,113) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Amortization and depreciation | 2,426,142 | 681,074 |
| Share-based compensation | 4,762,894 | 2,309,210 |
| Non-cash interest expense | 51,888 | 7,459 |
| Amortization on right-of-use assets | 270,625 | 145,359 |
| Change in fair value of warrants | 10,737,895 | 8,331,750 |
| Change in fair value of contingent consideration | 1,336,589 | - |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (545,873) | (763,356) |
| Prepaid expenses and other | (2,662,371) | 2,273,291 |
| Accounts payable and accrued liabilities | (6,650,105) | 3,263,004 |
| Deferred revenue | 10,872 | 2,595,644 |
| Operating lease liabilities | (305,051) | (154,323) |
| Net cash used in operating activities | (33,856,535) | (9,979,001) |
| Investing activities | ||
| Purchase of property and equipment | (426,692) | (1,841,205) |
| Purchase of intangible assets | (1,355,736) | (144,431) |
| Net cash used in investing activities | (1,782,428) | (1,985,636) |
| Decrease in cash and cash equivalents during the period | (35,638,963) | (11,964,637) |
| Cash and cash equivalents, beginning of period | 218,338,658 | 337,169,279 |
| Cash and cash equivalents, end of period | $182,699,695 | $325,204,642 |
| Supplemental cash flow information: | ||
| Cash paid for lease liabilities | $305,051 | $158,067 |
| Non-cash investing and financing activities: | ||
| Property and equipment in accounts payable and accrued liabilities | 253,862 | 435,388 |
| Recognition of operating right-of-use assets in exchange for operating lease liabilities | 579,407 | - |
| Share-based compensation capitalized related to intangible assets | 87,604 | - |
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