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$2.14-2.3%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 sixmonths endingJune 30, | For the sixmonths endingJune 30, | |
|---|---|---|
| Cash flows from Operating Activities: | 2024 | 2023 |
| Net Loss | $(14,757) | $(494,640) |
| Adjustments to Reconcile Net Loss to Net Cash Used in Operations | ||
| Amortization of Debt Discount | - | 201,402 |
| Amortization Expense of Right of Use Assets | 371 | (1,628) |
| Amortization of Intangibles | 75,227 | 37,614 |
| Issuance of Common Shares for Service | - | 35,770 |
| Fair Value Adjustment of Public Warrants | (65,131) | - |
| Fair Value Adjustment of Private Warrants | (117,036) | - |
| Changes in Operating Assets and Liabilities: | ||
| Accounts Receivable | (93,758) | 53,260 |
| Prepaid Insurance | (26,710) | - |
| Interest Receivable | (73,372) | (212,025) |
| Fee Income Receivable | (37,203) | (66,815) |
| Rental Income Receivable | (2,500) | - |
| Accounts Payable | 20,414 | - |
| Accrued Expenses | (304,668) | 268,853 |
| Net Cash Used in Operating Activities | (639,123) | (178,209) |
| Cash Flows from Investing Activities | ||
| Withdrawal from Corporations and LLCs | - | 3,096 |
| Investments in Convertible Notes Receivable | (30,000) | (550,000) |
| Investments in Notes Receivable | (50,000) | - |
| Purchases of Intangible Assets | (37,614) | - |
| Net Cash Used in Investing Activities | (117,614) | (546,904) |
| Cash Flows from Financing Activities: | ||
| Shares Buyback | (9,592) | - |
| Proceeds from Notes Payable | 632,000 | 400,000 |
| Payments on Notes Payable | (12,000) | (12,000) |
| Net Cash Provided by Financing Activities | 610,408 | 388,000 |
| Net Change in Cash | (146,328) | (337,113) |
| Cash – Beginning of Period | 372,286 | 610,143 |
| Cash – End of Period | $225,958 | $273,030 |
| Supplemental Information | ||
| Acquisition of Right of Use Assets for Lease Obligations | - | 305,380 |
| Shares Issued in Purchase of Debt | 1,040,000 | - |
| Cash Paid for Interest | - | - |
| Cash Paid for Taxes | - | - |
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