Royalty Management Holding Corp
For the period ended Mar 31, 2024. Filed May 24, 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 24, 2024
RMCO$2.14-2.3%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
Condensed Consolidated Statements of Cash Flows (Unaudited)
| For the threemonths endingMarch 31, | For the threemonths endingMarch 31, | |
|---|---|---|
| Cash flows from Operating Activities: | 2024 | 2023 |
| Net Income (Loss) | $135,180 | $(710,809) |
| Adjustments to Reconcile Net Income (Loss) to Net Cash Used in Operations | ||
| Amortization of Debt Discount | - | 115,445 |
| Amortization Expense of Right of Use Assets | 184 | (1,814) |
| Amortization of Intangibles | 75,227 | 18,807 |
| Issuance of Common Shares for Service | - | 5,000 |
| Fair Value Adjustment of Public Warrants | (44,119) | 47,214 |
| Fair Value Adjustment of Private Warrants | (117,036) | 27,308 |
| Changes in Operating Assets and Liabilities: | ||
| Accounts Receivable | (67,260) | 39,470 |
| Prepaid Insurance | (30,159) | 100,049 |
| Deposits | - | (37,461) |
| Interest Receivable | (35,215) | (102,378) |
| Fee Income Receivable | (18,580) | (69,692) |
| Accounts Payable – Related Party | - | 164,947 |
| Accounts Payable | (1,319) | 127,946 |
| Accrued Expenses | (477,122) | 47,774 |
| Net Cash Used in Operating Activities | (580,218) | (228,195) |
| Cash Flows from Investing Activities | ||
| Withdrawal of Cash in Trust Account | - | 2,152,346 |
| Withdrawal from Corporations and LLCs | - | 3,096 |
| Investments in Convertible Notes Receivable | (15,000) | (100,000) |
| Investments in Notes Receivable | (20,000) | (100,000) |
| Purchases of Intangible Assets | (56,420) | 145,000 |
| Net Cash Provided by (Used in) Investing Activities | (91,420) | 2,100,442 |
| Cash Flows from Financing Activities: | ||
| Return of Investment Trust Proceeds, Net Underwriting Fees Paid | - | (2,188,640) |
| Shares Issued in Purchase of Debt | 350,000 | - |
| Proceeds from Notes Payable | 261,000 | - |
| Payment on Notes Payable | - | (6,000) |
| Net Cash Provided (Used in) Financing Activities | 611,000 | (2,194,640) |
| Net Change in Cash | (60,639) | (322,393) |
| Cash – Beginning of Period | 372,286 | 687,166 |
| Cash – Ending of Period | $311,648 | $364,773 |
| Supplemental Information | ||
| Acquisition of Right of Use Assets for Lease Obligations | - | 305,380 |
| Reclassification of Debt from Related to Non-Related Party | 1,681,755 | - |
| Cash Paid for Interest | - | - |
| Cash Paid for Taxes | - | - |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.