Royalty Management Holding Corp
For the period ended Sep 30, 2024. Filed Nov 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.
Sep 30, 2024 · Filed Nov 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
| September 30, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Cash and Cash Equivalents | $145,367 | $195,486 |
| Accounts Receivable | 132,380 | 70,323 |
| Prepaid Insurance | 23,260 | - |
| Interest Receivable | 236,586 | 124,727 |
| Fee Income Receivable | 365,613 | 309,787 |
| Total Current Assets | 903,206 | 700,322 |
| Investments in Corporations and LLCs | 10,234,508 | 10,230,434 |
| Convertible Notes Receivable | 1,430,000 | 1,400,000 |
| Notes Receivable | 285,267 | 235,267 |
| Intangible Assets, Net | 1,987,111 | 1,904,745 |
| Restricted Cash | 186,825 | 176,800 |
| Tools, Machinery & Equipment, Net | 4,228 | 5,417 |
| Operating Lease Right-Of-Use Assets, Net | 363,647 | 387,138 |
| TOTAL ASSETS | $15,394,792 | $15,040,122 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| LIABILITIES | ||
| Accounts Payable – Related Party | $381,243 | $381,243 |
| Accounts Payable | 101,991 | 96,071 |
| Current Portion of Operating Lease Liabilities | 32,769 | 26,527 |
| Current Portion of Notes Payable | 252,000 | 20,000 |
| Deferred Income | 17,645 | 17,643 |
| Accrued Expenses | 331,128 | 818,645 |
| Total Current Liabilities | 1,116,776 | 1,360,129 |
| Notes Payable – Related Party, Net | - | 1,681,755 |
| Operating Lease Liabilities | 333,850 | 359,738 |
| Notes Payable, Net of Current Portion | - | 250,000 |
| Due to American Resources | 340,000 | - |
| Fair Value Liability of Public Warrants | 55,156 | 157,584 |
| Fair Value Liability of Private Warrants | - | 117,036 |
| TOTAL LIABILITIES | 1,845,782 | 3,926,241 |
| COMMITMENTS AND CONTINGENCIES (Note 15) | ||
| STOCKHOLDERS’ EQUITY | ||
| Preferred Stock: $0.0001 par value; 5,000,000 shares authorized, 0 shares issued and outstanding as of both September 30, 2024 and December 31, 2023 | - | - |
| Preferred Stock: $1.00 par value; 5,000,000 shares authorized, 1,506,219 and 0 shares issued and outstanding as of both September 30, 2024 and December 31, 2023 | 1,506,219 | - |
| Common Stock: $0.0001 par value; 100,000,000 shares authorized, 14,932,918 and 14,270,761 shares issued and outstanding as of both September 30, 2024 and December 31, 2023, respectively | 1,493 | 1,427 |
| Additional Paid-In Capital | 10,777,850 | 9,766,604 |
| Retained Earnings | 1,263,448 | 1,345,849 |
| Total Stockholders’ Equity | 13,549,010 | 11,113,880 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $15,394,792 | $15,040,122 |
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