| Cash Flow | 2025-09-30 |
|---|---|
| Net income (loss) | 1,560,131 |
| Amortization of intangible assets | 14,764,184 |
| Depreciation of property and equipment | 106,416 |
| Share-based compensation | 2,247,437 |
| Amortization of deferred financing costs | 818,704 |
| Loss on fair value of swaps | -1,313,163 |
| Loss from equity method investments | -254,935 |
| Deferred income taxes | 676,247 |
| Accounts receivable | -1,965,832 |
| Other current assets | 226,380 |
| Royalty advances | -982,272 |
| Other assets and liabilities | -348,563 |
| Accounts payable, accrued expenses and deferred revenue | 212,235 |
| Royalties payable | 1,071,551 |
| Income taxes payable | -790,450 |
| Net cash provided by operating activities | 25,304,840 |
| Purchases of music catalogs | 48,122,560 |
| Investments in equity affiliates | 1,736,788 |
| Purchases of property and equipment | 159,149 |
| Net cash used for investing activities | -50,018,497 |
| Proceeds from secured line of credit | 39,000,000 |
| Repayments of secured line of credit | 5,000,000 |
| Proceeds from stock option exercises | 13,684 |
| Taxes paid related to net share settlement of restricted stock units | 1,382,793 |
| Deferred financing costs paid | 1,140,259 |
| Net cash provided by (used for) financing activities | 31,490,632 |
| Foreign exchange impact on cash | -223,708 |
| Increase in cash and cash equivalents | 6,553,267 |
| Cash and cash equivalents at beginning of period | 21,386,140 |
| Cash and cash equivalents at end of period | 27,939,407 |
Reservoir Media, Inc. (RSVRW)
Reservoir Media, Inc. (RSVRW)