Mon, Mar 31, 10:30 AM (27 days ago)
**Summary of Royalty Management Holding Corporation (RMCO) 10-K for the Fiscal Year Ended December 31, 2024** **Financial Performance:** - **Revenue:** $807,089 (2024) vs. $488,520 (2023) - **Net Income:** ($114,261) (2024) vs. ($1,113,645) (2023) - **Operating Expenses:** $1,096,748 (2024) vs. $777,600 (2023) - **Earnings Per Share:** ($0.01) (2024) vs. ($0.08) (2023) **Strategic Overview:** - **Business Combination:** RMCO merged with Royalty Management Corporation on October 31, 2023, becoming a royalty company focused on acquiring high-value assets. - **State Incorporation Change:** Changed from Delaware to Florida on March 20, 2025. **Future Outlook:** - **Investment and Growth Plans:** RMCO may need to raise additional funds through equity or debt securities to execute its investment and growth plans. - **Liquidity:** Management believes the company has sufficient liquidity to meet obligations through at least the first quarter of 2026. **Risk Factors:** - **Market Risks:** Dependence on sales forecasts, changes in consumer demand, seasonality, impact of weather, competition, reliance on suppliers, risks inherent to international trade, changing retail trends, loss or disruption of manufacturing and distribution operations, cybersecurity breaches, fluctuations in foreign currency exchange rates, and economic changes. - **Internal Controls:** Weaknesses in internal control over financial reporting due to insufficient staff performing accounting and reporting functions. **Financial Condition:** - **Assets:** $15,040,664 (2024) vs. $15,040,123 (2023) - **Liabilities:** $1,414,940 (2024) vs. $3,926,243 (2023) - **Working Capital Deficit:** $236,740 (2024) **Market Position Changes:** - **Stock Repurchase Program:** Approved on April 13, 2024, to repurchase up to $2,000,000 of Class A common stock over 24 months. - **Stock Warrants:** Issued 225,000 stock warrants for board of directors' compensation for 2024 and 2025. **Other Notable Points:** - **Related Party Transactions:** Various agreements and leases with affiliated entities, including Land Resources & Royalties LLC, American Resources Corporation, and First Frontier Capital LLC. - **Director Independence:** All directors except Thomas Sauve and Kirk Taylor are independent as defined by NASDAQ listing standards. **Ticker:** RMCO (Common Stock), RMCOW (Warrants) on The Nasdaq Stock Market LLC.