Company: RNGE
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010872
Chunk: 4

Company: RANGE IMPACT, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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 2025  
    2024 

    Three Months Ended March 31, 

    2025  
    2024 
  
    Cash flows from operating activities: 

    Net income (loss) 
    $5,099,627  
    $(1,213,840)

    Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: 

    Gain on bargain purchase 
     (5,602,484) 
     - 
  
    Net gain on asset disposals 
     (59,680) 
     - 
  
    Fair value of vested stock options 
     4,490  
     4,490 
  
    Depreciation 
     84,783  
     638,435 
  
    Changes in operating assets and liabilities: 

    Accounts receivable 
     96,615  
     1,181,634 
  
    Contract assets 
     154,354  
     (379,115)
  
    Prepaid expenses and other current assets 
     (39,099) 
     24,568 
  
    Deposits 
     (5,614) 
     - 

    Accounts payable 
     (112,142) 
     (2,007,621)
  
    Contract liabilities 
     -  
     205,327 
  
    Accrued expenses 
     (48,951) 
     433,077 
  
    Net cash (used in) operating activities 
     (428,101) 
     (1,113,045)

    Cash flows from investing activities: 

    Equipment purchases 
     (100,000) 
     - 
  
    Proceeds from asset sales 
     380,000  
     - 
  
    Net cash provided by investing activities 
     280,000  
     - 

    Cash flows from financing activities: 

    Proceeds from stock issuance 
     600,000  
     - 
  
    Repayment of long-term debt 
     (366,490) 
     (396,057)
  
    Net cash provided by (used in) financing activities 
     233,510  
     (396,057)

    Net increase (decrease) in cash and cash equivalents 
     85,409