Company: RNGE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023395
Chunk: 172

Company: RANGE IMPACT, INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part II, Item 8
Chunk 172
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,900 
  
    Buildings 
     199,500 
  
    Total assets acquired 
     6,910,400 
  
    Less: Gain on bargain purchase price 
     (1,875,150)
  
    Purchase price 
    $5,035,250 
  
    Cash consideration 
     1,000,000 
  
    Long-term notes issued to the seller 
     4,035,250 
  
    Total purchase price 
    $5,035,250 
  
    Acquisition transaction costs incurred 
    $167,212 

As
discussed in Note 4, on August 22, 2024, approximately all of the equipment, land and buildings acquired in connection with the
August 2023 transaction were sold to the previous owner of Collins Building in consideration of the full and complete cancellation
of the First Promissory Note and the Second Promissory Note.

Collins
Building contributed $208,820 of revenue and $65 of net loss to the Company’s consolidated revenues and net income for the three
months ended September 30, 2025. Collins Building contributed $781,706 of revenue and $1,616 of net income to the Company’s consolidated
revenues and net income for the nine months ended September 30, 2025.  We anticipate these contracts will be completed by
the middle of 2026. Collins Building’s operations contributed revenues of $0 and net loss of $8,136 to the Company’s consolidated
revenues and net loss for the three months ended September 30, 2024. For the nine months ended September 30, 2024, Collins Building’s
operations contributed no revenue and a net loss of $552,972. The losses stem primarily from depreciation of equipment and buildings
purchased as part of the Collins Building acquisition.

    14

3.
ACQUISITION OF FOLA MINE SITE

On
March 31, 2025, the Company, through its wholly-owned subsidiary Range Sky View Land, LLC, acquired 120,154 acres of fee, surface and
mineral interests at the Fola mine complex (“Fola Mine”) located in Clay and Nicholas Counties, West Virginia. As part of
the Fola Acquisition, the Company acquired 15 mining permits at the Fola Mine with an estimated reclamation obligation of $29,282,126
and assumed an obligation to manage an additional 21 mining permits at the Fola Mine with a