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$2.14-2.3%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)
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| For the ninemonths endingSeptember 30, | For the ninemonths endingSeptember 30, | |
|---|---|---|
| Cash flows from Operating Activities: | 2024 | 2023 |
| Net Loss | $(82,400) | $(804,303) |
| Adjustments to Reconcile Net Loss to Net Cash Provided by (Used in) Operations | ||
| Amortization of Debt Discount | - | 61,073 |
| Amortization Expense of Right-of-Use Assets | 3,845 | (1,740) |
| Amortization of Intangibles | 42,634 | 50,539 |
| Depreciation Expense | 1,189 | 1,189 |
| Issuance of Common Shares for Service | - | 35,770 |
| Issuance of Preferred Shares for Purchase of Debt | 1,506,219 | - |
| Fair Value Adjustment of Public Warrants | (102,428) | - |
| Fair Value Adjustment of Private Warrants | (117,036) | - |
| Changes in Operating Assets and Liabilities: | ||
| Accounts Receivable | (62,058) | 18,110 |
| Prepaid Insurance | (23,261) | - |
| Interest Receivable | (111,859) | (69,153) |
| Fee Income Receivable | (55,826) | (231,655) |
| Accounts Payable | 5,921 | - |
| Accrued Expenses | (487,518) | 479,482 |
| Due to American Resources | 340,000 | |
| Net Cash Provided by (Used in) Operating Activities | 857,422 | (460,688) |
| Cash Flows from Investing Activities | ||
| Investments in Corporations and LLCs | - | 4,722 |
| Withdrawal from Corporations and LLCs | (4,074) | - |
| Investments in Convertible Notes Receivable | (30,000) | (550,000) |
| Investments in Notes Receivable | (50,000) | - |
| Investments in Intangible Assets | (125,000) | - |
| Net Cash Used in Investing Activities | (209,074) | (545,278) |
| Cash Flows from Financing Activities: | ||
| Shares Buyback | (28,687) | - |
| Proceeds from Notes Payable | - | 659,617 |
| Payments on Notes Payable | (659,755) | (16,000) |
| Net Cash (Used in) Provided by Financing Activities | (688,442) | 643,617 |
| Net Change in Cash | (40,094) | (362,349) |
| Cash – Beginning of Period | 372,286 | 610,143 |
| Cash – End of Period | $332,192 | $247,794 |
| 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 | - | - |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.