Royalty Management Holding Corp
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 31, 2025
RMCO$2.14-2.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
ROYALTY MANAGEMENT HOLDING CORPORATIONCONSOLIDATED STATEMENTS OF CASH FLOWS
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| Cash flows from Operating Activities: | ||
| Net Loss | $(114,261) | $(1,113,645) |
| Adjustments to Reconcile Net Loss to Net Cash Provided by (Used in) Operations | ||
| Amortization of Debt Discount | - | 30,770 |
| Amortization Expense of Right-of-Use Assets | 4,887 | 2,264 |
| Amortization of Intangibles | 56,846 | 75,227 |
| Depreciation Expense | 1,586 | 1,586 |
| Issuance of Common Shares for Service | - | 5,000 |
| Issuance of Preferred Shares for Service | 1,607,886 | - |
| Stock Compensation - Warrants | 6,906 | - |
| Impairment Loss on Intangible Asset | - | 39,525 |
| Fair Value Adjustment of Public Warrants | (58,828) | 157,584 |
| Fair Value Adjustment of Private Warrants | (117,036) | 117,036 |
| Changes in Operating Assets and Liabilities: | ||
| Accounts Receivable | (110,558) | 1,219 |
| Prepaid Insurance | (3,626) | - |
| Interest Receivable | (135,343) | (101,833) |
| Fee Income Receivable | 115,304 | (258,297) |
| Due from Related Party | (316) | - |
| Accounts Payable – Related Party | - | 381,243 |
| Accounts Payable | 9,255 | 96,071 |
| Due to Related Party | 1,500 | - |
| Deferred Revenue | (17,643) | - |
| Accrued Expenses | (600,269) | 329,373 |
| Net Cash Provided by (Used in) Operating Activities | 646,290 | (236,877) |
| Cash Flows from Investing Activities | ||
| Investments in Corporations and LLCs | (5,491) | (13,147) |
| Investments in Convertible Notes Receivable | (30,000) | (800,000) |
| Withdrawal from Notes Receivable | 141,845 | 100,000 |
| Investments in Intangible Assets | (125,000) | (107,842) |
| Net Cash Used in Investing Activities | (18,646) | (820,989) |
| Cash Flows from Financing Activities | ||
| Payments on Reverse Capitalization | - | (3,929,870) |
| Proceeds from Deferred Underwriter Fee | - | 3,500,000 |
| Shares Buyback | (28,687) | - |
| Proceeds from Notes Payable | 1,040,000 | 228,000 |
| Payments on Notes Payable | (20,000) | - |
| Proceeds from Issuance of Convertible Notes | - | 259,617 |
| Payments on Convertible Notes | (1,681,755) | - |
| Proceeds from Convertible Note Conversion | - | 762,262 |
| Net Cash (Used in) Provided by Financing Activities | (690,442) | 820,009 |
| Net Change in Cash | (62,798) | (237,857) |
| Cash – Beginning of Year | 372,286 | 610,143 |
| Cash – End of Year | $309,488 | $372,286 |
| Supplemental Information | ||
| Discount on Convertible Notes | - | 30,770 |
| Notes Receivable | - | (100,000) |
| Intangible Assets | 100,000 | |
| Cash Paid for Interest | - | - |
| Cash Paid for Taxes | - | - |
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