Company: RNGE
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001343
Chunk: 258

Company: RANGE IMPACT, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1C
Chunk 258
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,100, which consisted of $270,000 received from
sale of equipment, $160,000 in insurance policy proceeds from a casualty loss, and $100 received from the sale of the Graphium
subsidiary. For the year ended December 31, 2023, net cash used in investing activities was $7,162,811, which consisted primarily of
$4,035,250 of long-term debt issued and $1,000,000 paid for the Collins Building acquisition, $1,118,664 for equipment purchased
primarily by the Range Reclaim segment, and $1,008,897 for land purchases by the Range Land segment.

Net
Cash Provided By Financing Activities 

For
the year ended December 31, 2024, net cash used in financing activities was $848,188 compared to net cash provided by financing
activities of $8,458,605 for the year ended December 31, 2023. Net cash used in financing activities for the year ended December 31,
2024 consisted of $1,848,188 of long-term equipment debt and bank credit line pay-downs offset by $1,000,000 received from the
issuance of common stock. Net cash provided by financing activities for the year ended December 31, 2023 consisted of $3,110,000
received from the issuance of common stock and warrants, proceeds of $4,035,250 from long-term debt issued for the Collins Building
acquisition and proceeds of $2,400,000 from lines of credit, offset by the repayment of long-term debt of $1,650,659.

Off-Balance
Sheet Arrangements

We
have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial
condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources
that would be material to stockholders.

Item
7A. Quantitative and Qualitative Disclosures About Market Risk

Not
applicable.

Item
8. Financial Statements and Supplementary Data

The
financial statements required by this item are set forth at the end of this Annual Report beginning on page F-1 and are incorporated
herein by reference.

Item
9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure

None.

29

Item
9A. Controls and Procedures

Evaluation
of Disclosure Controls and Procedures

We