RUM Group Inc.
For the period ended Mar 31, 2025. Filed May 8, 2025.
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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, 2025 · Filed May 8, 2025
RUM$5.11+0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unaudited Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Interim Statements of Cash Flows
| For the three months ended March 31, | 2025 | 2024 |
|---|---|---|
| Cash flows provided by (used in) | ||
| Operating activities | ||
| Net loss for the period | $(2,650,193) | $(43,290,040) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Amortization and depreciation | 3,292,709 | 2,426,142 |
| Share-based compensation | 8,684,803 | 4,762,894 |
| Non-cash interest expense | - | 51,888 |
| Non-cash lease expense | 240,604 | 270,625 |
| Trade and barter revenue | (118,873) | - |
| Change in fair value of warrants | (21,904,704) | 10,737,895 |
| Change in fair value of derivative | (9,700,000) | - |
| Change in fair value of digital assets | 1,699,416 | - |
| Change in fair value of contingent consideration | - | 1,336,589 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (648,423) | (545,873) |
| Prepaid expenses and other | 6,804,559 | (2,662,371) |
| Accounts payable and accrued liabilities | (55,673) | (6,650,105) |
| Deferred revenue | 104,266 | 10,872 |
| Operating lease liabilities | (240,600) | (305,051) |
| Net cash used in operating activities | (14,492,109) | (33,856,535) |
| Investing activities | ||
| Purchase of property and equipment | (133,690) | (426,692) |
| Purchase of digital assets | (19,100,000) | - |
| Purchase of intangible assets | (612,689) | (1,355,736) |
| Net cash used in investing activities | (19,846,379) | (1,782,428) |
| Financing Activities | ||
| Taxes paid from net share settlement for share-based compensation | (358,418) | - |
| Proceeds from the exercise of warrants and stock options | 1,395,963 | - |
| Proceeds from issuance of Class A Common Stock | 775,000,000 | - |
| Repurchase of Class A Common Stock | (525,000,000) | - |
| Share issuance costs | (29,429,791) | - |
| Net cash used in financing activities | 221,607,754 | - |
| Increase (decrease) in cash and cash equivalents during the period | 187,269,266 | (35,638,963) |
| Cash and cash equivalents, beginning of period | 114,018,900 | 218,338,658 |
| Cash and cash equivalents, end of period | $301,288,166 | $182,699,695 |
| Supplemental cash flow information: | ||
| Cash paid for lease liabilities | $183,987 | $305,051 |
| Cash paid for income taxes | 33,755 | - |
| Non-cash investing and financing activities: | ||
| Property and equipment in accounts payable and accrued liabilities | 85,758 | 253,862 |
| Recognition of operating right-of-use assets in exchange for operating lease liabilities, net of derecognition of terminated leases | - | 579,407 |
| Share-based compensation capitalized related to intangible assets | 82,897 | 87,604 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.