Royalty Management Holding Corp
For the period ended Dec 31, 2023. Filed Apr 16, 2024.
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FY2023 · Filed Apr 16, 2024
RMCO$2.14-2.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Changes Stockholders' Equity (Deficit)
Royalty Management Holding Corporation Statement of Shareholders’ EquityDecember 31, 2023 and 2022
| Additional · Total | |||||
|---|---|---|---|---|---|
| Common Stock · Paid-In · Accumulated · Stockholder’s | |||||
| Shares | Amount | Capital | Deficit | Equity | |
| Balance December 31, 2021 | 8,670,250 | $59,711 | $(10,113,507) | $2,260,209 | $(7,793,587) |
| Common shares issued for purchase of membership interest | 864,780 | 8,648 | 9,490,057 | 9,498,705 | |
| Common shares issued for conversion of debt | 63,026 | 630 | 409,039 | 409,669 | |
| Common shares issued for purchase of the payment rights | 8,915 | 89 | 89,061 | 89,150 | |
| Shares issued for services | 9,810 | 98 | 63,652 | 63,750 | |
| Amortization of debt discount and issuance costs | 750,451 | 750,451 | |||
| Net income | 1,199,503 | 1,199,503 | |||
| Balance December 31, 2022 | 9,616,781 | $69,176 | $688,753 | $3,459,712 | $4,217,641 |
| Shares issued for services | 770 | 8 | 4,992 | 5,000 | |
| Shares forfeited for services | (3,080) | (31) | 31 | 0 | |
| Shares issued in connection with warrant and note conversions | 539,736 | 54 | 2,949,720 | 2,949,774 | |
| Shares issued in connection with the combination merger exchange ratio | 3,672,293 | 367 | (367) | 0 | |
| Shares issued for deferred underwriter fee | 350,000 | 35 | 3,499,965 | 3,500,000 | |
| Shares issued in connection with combination merger to public spac shareholders | 94,261 | 9 | 984,217 | 984,227 | |
| Change in par value of underlying shares | (68,191) | 68,191 | 0 | ||
| Amortization of debt discount and issuance costs | 30,770 | 30,770 | |||
| Net Loss | (2,067,223) | (2,067,223) | |||
| Balance December 31, 2023 | 14,270,761 | 1,427 | 8,226,273 | 1,392,490 | 9,620,190 |
| (1) | Includes up to 375,000 shares of Class B common stock subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriter (see Note 12). |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.