Company: RNGE
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024206
Chunk: 290

Company: RANGE IMPACT, INC.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part II, Item 1
Chunk 290
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 in those pursuits, including investment banking fees, legal fees, accounting fees, and other related costs.

The
Company may not be able to continue as a going concern.

As
reflected in the accompanying financial statements, during the six months ended June 30, 2025, the Company incurred a net loss of $1,301,038
(net of the gain on bargain purchase of $5,602,484 related to the Fola Acquisition) and used $118,974 of cash in the Company’s
activities. The Company estimates, as of June 30, 2025, that it may not have sufficient funds to operate the business for 12 months given
its cash balance of $48,312 and expected revenues to be generated by the Company’s operating business segments. The Company is
actively seeking additional financing and other sources of capital to fund its currently estimated level of operations. However, these
estimates could differ from actual capital needs if the Company’s business encounters unanticipated difficulties, or if its estimates
of the amount of cash necessary to operate its business prove to be wrong, and the Company uses its available financial resources faster
than it currently expects. No assurance can be given that any future financing or capital, if needed, will be available or, if available,
that it will be on terms that are satisfactory to the Company. Due to these and other factors, there is substantial doubt of the Company’s
ability to continue as a going concern.

Our
limited operating experience could make our operations inefficient or ineffective.

We
have only a limited operating history upon which to base an evaluation of our current business and future prospects and how we will respond
to competitive, financial or technological challenges. In addition, because of our limited operating history, we have limited insight
into trends that may emerge and affect our businesses, and limited experience responding to such trends. We may make errors in predicting
and reacting to relevant business trends and we will be subject to the risks, uncertainties and difficulties frequently encountered by
early-stage companies in evolving markets. We may not be able to successfully address any or all of these risks and uncertainties. Failure
to adequately to do so could cause our business, results of operations and financial condition to suffer or fail.

26

Conversion
of Former Mining Properties to Residential, Commercial, Recreational or Other Uses Involves Substantial Risk

Our
efforts to redevelop former coal mining sites for residential, commercial, recreational or other uses involve numerous uncertainties,
including environmental remediation, land