Royalty Management Holding Corp
For the period ended Jun 30, 2024. Filed Aug 15, 2024.
View on SEC.govAbout this filing
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
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2024-03-31; filed 2024-05-24.
0001477932-24-003296
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2024-06-30; filed 2024-08-15.
0001477932-24-004891
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 31 previous paragraphs and 31 current paragraphs.
23 unchanged; 6 reworded; 2 added; 2 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (2)
Current report
American Acquisition Opportunity Inc was a blank check company organized on January 20, 2021 under the laws of the State of Delaware and effectuated its combination with Royalty Management Corporation (“RMC”) on October 23, 2023 and at that point changed its name to Royalty Management Holding Corporation (“RMHC” or the “Company”). The Company’s business model is to invest or purchase assets that have near and medium-term income potential to provide RMC with accretive cash flow from which it can reinvest in new assets or expand cash flow from those existing assets. These assets typically are natural resources assets (including real estate and mining permits), patents, intellectual property, and emerging technologies.
Current report
Total net loss for the three and six months ended June 30, 2024, were $-150,348 and $-14,757 and $-220,295 and $-494,640 for the three and six months ended June 30, 2023.
Removed paragraphs (2)
Previous report
We are a blank check company formed under the laws of the State of Delaware on January 20, 2021 for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more target businesses (a “Business Combination”). Although the Company is not limited to a particular industry or geographic region for purposes of consummating a Business Combination, the Company intends to focus on companies in the land holdings and resources industry in the United States. We intend to effectuate our Business Combination using cash from the proceeds of the Initial Public Offering and the sale of the Private Warrants, our capital stock, debt or a combination of cash, stock and debt.
Previous report
Total net income (loss) for the three months ended March 31, 2024 and 2023, were $135,180 and -$274,345, respectively.
Reworded paragraphs (6)
Previous wording
Our total operating revenues for the three months ended March 31, 2024 and 2023, were $162,100 and $67,292, respectively. The increase was primarily due to an increase in RMC Environmental Services additional volume.
Current wording
Our total operating revenues for the three and six months ended June 30, 2024, were $254,223 and 416,232 and $66,363 and $133,655 for the three and six months ended June 30, 2023. The increase was primarily due to an increase in RMC Environmental Services additional volume.
Previous wording
Total operating expenses for the three months ended March 31, 2024 and 2023, were $146,498 and $202,902, respectively. The decrease was primarily due to lower professional fees.
Current wording
Our total operating expenses for the three and six months ended June 30, 2024, were $320,218 and 417,864 and $113,080 and $274,788 for the three and six months ended June 30, 2023. The increase was primarily due to higher professional fees.
Previous wording
Total other income and expenses for the three months ended March 31, 2024 and 2023, were $119,578 and -$138,735, respectively. The primary reasons for the increase were due to a positive gain on warrant fair value adjustment and less interest expense.
Current wording
Total other income and expenses for the three and six months ended June 30, 2024, were $16,044 and 154,840 and $-117,620 and $-237,548 for the three and six months ended June 30, 2023. The primary reasons for the increase were due to a positive gain on warrant fair value adjustment and less interest expense.
Previous wording
Class A Common Stock***.***The Company is able to issue shares of Royalty Class A Common Stock for investments as well as services. As of March 31, 2024 and December 31, 2023 the Company has issued 14,504,095 and 14,270,761, respectively shares of Royalty Class A Common Stock for execution of Royalty’s business plan and services.
Current wording
***Class A Common Stock.***The Company is able to issue shares of Royalty Class A Common Stock for investments as well as services. As of June 30, 2024 and December 31, 2023 the Company has issued 14,954,504 and 14,270,761, respectively shares of Royalty Class A Common Stock for execution of Royalty’s business plan and services.
Previous wording
Convertible Notes.* *The Company has historically raised funds primarily through the issuance of convertible notes. The notes carried and interest rate of 10% and offered a conversion feature to common equity at $6.50 for each share. The Company may in the future utilize this structure to raise additional capital. All convertible notes were converted at the time of business combination, therefore the outstanding balance of the convertibles notes amounted to $0 at March 31, 2024 and December 31, 2023.
Current wording
Convertible Notes.* *The Company has historically raised funds primarily through the issuance of convertible notes. The notes carried an interest rate of 10% and offered a conversion feature to common equity at $6.50 for each share. The Company may in the future utilize this structure to raise additional capital. All convertible notes were converted at the time of business combination, therefore the outstanding balance of the convertibles notes amounted to $0 at June 30, 2024 and December 31, 2023.
Previous wording
At March 31, 2024, cash and cash equivalents totaled $124,823.
Current wording
At June 30, 2024, cash and cash equivalents totaled $39,133.