Royalty Management Holding Corp
For the period ended Jun 30, 2024. Filed Aug 15, 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.
Jun 30, 2024 · Filed Aug 15, 2024
RMCO$2.19+3.8%Stored close · as of Nov 6, 2026
Contents
Item 1. Condensed Consolidated Balance Sheets (Unaudited)
CONDENSED CONSOLIDATED BALANCE SHEETS
| June 30, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| CURRENT ASSETS | ||
| Cash and Cash Equivalents | $39,133 | $195,486 |
| Accounts Receivable | 164,080 | 70,323 |
| Prepaid Insurance | 26,710 | - |
| Interest Receivable | 477,920 | 404,548 |
| Fee Income Receivable | 213,980 | 176,777 |
| Rental Income Receivable | 2,500 | - |
| Total Current Assets | 924,323 | 847,134 |
| Investments in Corporations and LLCs | 10,112,852 | 10,112,852 |
| Convertible Notes Receivable | 1,430,000 | 1,400,000 |
| Notes Receivable | 150,000 | 100,000 |
| Intangible Assets, Net | 482,646 | 520,259 |
| Restricted Cash | 186,825 | 176,800 |
| Operating Lease Right-Of-Use Assets | 436,776 | 453,686 |
| Total Non-Current Assets | 12,799,099 | 12,763,597 |
| TOTAL ASSETS | $13,723,422 | $13,610,731 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts Payable – Related Party | $381,243 | $381,243 |
| Accounts Payable | 116,485 | 96,071 |
| Current Portion of Operating Lease Liabilities, Net | 35,655 | 33,923 |
| Current Portion of Notes Payable | 483,000 | - |
| Accrued Expenses | 511,257 | 834,267 |
| Total Current Liabilities | 1,527,640 | 1,345,504 |
| Notes Payable – Related Party, Net | - | 1,681,755 |
| Operating Lease Liabilities, Net | 400,391 | 418,662 |
| Notes Payable, Net of Current Portion | 1,067,098 | 270,000 |
| Fair Value Liability of Public Warrants | 92,453 | 157,584 |
| Fair Value Liability of Private Warrants | - | 117,036 |
| Total Non-Current Liabilities | 1,559,942 | 2,645,037 |
| TOTAL LIABILITIES | 3,087,582 | 3,990,541 |
| STOCKHOLDERS’ EQUITY | ||
| Preferred Stock: $0.0001 par value; 10,000,000 shares authorized, 0 shares issued and outstanding as of June 30, 2024 and December 31, 2023 | - | - |
| Common Stock: $0.0001 par value; 100,000,000 shares authorized, 14,954,504 and 14,270,761 shares issued and outstanding as of both June 30, 2024 and December 31, 2023, respectively | 1,495 | 1,427 |
| Additional Paid-In Capital | 9,256,612 | 8,226,273 |
| Retained Earnings | 1,377,733 | 1,392,490 |
| Total Stockholders’ Equity | 10,635,840 | 9,620,190 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $13,723,422 | $13,610,731 |
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