Royalty Management Holding Corp
For the period ended Dec 31, 2023. Filed Apr 16, 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 Apr 16, 2024
RMCO$2.190.0%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 Statements of Operations
Royalty Management Holding Corporation Consolidated Statements of Operations
| December 31, 2023 · December 31, 2022 | |||
|---|---|---|---|
| INCOME | |||
| RMC Environmental Services | 202,723 | 104,810 | |
| Fee Income | 71,402 | 376 | |
| Rental Income | 87,500 | 67,500 | |
| TOTAL INCOME | 361,624 | 172,686 | |
| OPERATING EXPENSES | |||
| Administrative Expenses | 52 | 227 | |
| Bank Fees & Service Charges | 19,260 | 94 | |
| Sponsorship Expense | 0 | 15,000 | |
| Professional Fees | 490,590 | 758,355 | |
| Printing | 0 | 869 | |
| Software & apps | 720 | 265 | |
| Payroll | 101,291 | 30,419 | |
| Payroll Taxes | 8,283 | 2,942 | |
| Employee Insurance | 9,492 | 718 | |
| Board of Directors Comp | 50,000 | 60,000 | |
| Consultant Fee | 75,000 | 75,000 | |
| Officers’ Salaries | 150,000 | 75,000 | |
| Rent/Lease | 102,061 | 59,052 | |
| Hauling Services | 2,375 | 0 | |
| Travel | 7,254 | 0 | |
| Fuel | 6,642 | 3,425 | |
| Equipment Rentals | 658 | 44 | |
| Impairment Loss | 0 | 2,000,000 | |
| Supplies & Materials | 674 | 0 | |
| Repairs & Maintenance | 6,245 | 0 | |
| Liability Insurance | 4,189 | 0 | |
| Small Equipment | 0 | 1,197 | |
| Telephone | 2,354 | 319 | |
| Utilities | 22,914 | 5,570 | |
| General and Administrative | 988,477 | 559,081 | |
| TOTAL OPERATING EXPENSES | 2,048,531 | 3,647,578 | |
| NET LOSS FROM OPERATIONS | (1,686,907) | (2,253,243) | |
| OTHER INCOME AND EXPENSES | |||
| Interest Income | 256,749 | 149,808 | |
| Income/Loss from Investment | 0 | 165,604 | |
| Gain (Loss) on Warrant Fair Value Adjustment | (63,014) | 5,087,628 | |
| Other Income | 216,277 | 22,729 | |
| Amortization expense intangibles | (75,227) | (28,658) | |
| Convertible Debt Interest | (715,101) | (722,717) | |
| Net Income (Loss) | (2,067,223) | 1,199,503 | |
| Weighted average shares outstanding, basic and diluted | 14,270,761 | 729,817 | (1) |
| Basic and diluted net income per ordinary share | $(0.14) | $1.64 | |
| (1) | This number excludes an aggregate of up to 375,000 Class B common stock subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters (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.