Company: RNGE
Filing Date: 2025-11-19
Form Type: 424B3
Source: 0001493152-25-024206
Chunk: 38

Company: RANGE IMPACT, INC.
Filing Date: 2025-11-19
Form: 424B3
Chunk 38
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: (i) cash of $285,388; (ii) accounts receivable of $447,162; (iii) prepaid expenses of $52,897; and (iv) deposits of $15,395. As of September 30, 2025, the Company had total current liabilities of $2,694,495, comprised of: (i) accounts payable of $499,211; (ii) current portion of bank debt of $300,000; and (iii) accrued payables related to prior equipment debt of $1,895,284. As a result, as of September 30, 2025, the Company had negative working capital of $1,893,653. As of December 31, 2024, the Company had positive working capital of $749,437.

As of September 30, 2025, the Company had long-term assets of $56,754,250, comprised of: (i) land, including asset retirement cost, of $56,618,965, and (ii) net equipment assets of $135,285. As of September 30, 2025, the Company had long-term liabilities of $49,039,147, comprised of (i) asset retirement obligations of $47,539,147 and (ii) long-term debt, net of current portion of $1,500,000. As of December 31, 2024, the Company had long-term assets of $1,899,669, comprised of (i) land of $1,008,897 and (ii) net equipment assets of $890,772. As of December 31, 2024, the Company had long-term liabilities of $1,814,701, comprised of long-term debt, net of current portion.

Sources of Capital

Based on the Company’s current corporate strategy, we expect our general operating expenses to be partially offset by royalty revenue generated from the mining activities of third-party contract miners on our land. Based on the Company’s current cash balance of $285,388 and absence of a revolving credit line, the Company does not expect to have sufficient funds to operate its business over the next 12 months without raising additional capital.

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Our estimated total net cash flow for the 12-month period ending September 30, 2026 could decrease if we encounter unanticipated lower revenues and higher expenses in connection with operating our business as presently planned. In addition, our estimates of the amount of cash necessary to