Company: RNGE
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001343
Chunk: 68

Company: RANGE IMPACT, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 68
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 these types of investments in the marketplace. In many cases, these competitors are larger and
better capitalized than the Company.

9

We compete on the basis of a number of factors, including our geographic focus on Appalachia, access to mission-driven energy-transition
capital, access to impact investing opportunities, strategic relationships with reclamation bond insurance companies, recruitment and
retention of key personnel, market share with key customers, and supply relationships with critical vendors. Our ability to continue
to compete effectively in our businesses will depend upon our ability to attract new employees and retain and motivate our existing employees.

Information
Systems

Foundation
Software, LLC (“Foundation”) serves as the Company’s third-party accounting software provider. Foundation’s
software is specifically designed for service companies, particularly those in the construction, contracting and reclamation
industries. Foundation’s software offers the Company several enhanced features critical to the successful execution of its
shareholder value creation plan, including (i) general ledger accounting, including accounts payable, accounts receivable, inventory
and customer billing, (ii) equipment tracking on job sites, maintenance, utilization and depreciation, (iii) employee tracking on
job sites, time and materials, utilization, and billing, (iv) job costing and profitability reporting segmented by customers, job
types and location, and (v) numerous real-time management dashboard and key performance indicator reports that allow management to
closely monitor financial and operational performance and quickly react to business opportunities and issues. Furthermore,
Foundation’s software allows the Company to more readily scale operations and efficiently and cost-effectively support the
anticipated growth of each of our business lines, thereby reducing the risk that our accounting and management systems
become a limiting factor to our growth initiatives.

Going
Concern

The
accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement
of liabilities and commitments in the normal course of business. As reflected in the accompanying financial statements, during the year
ended December 31, 2024, the Company incurred a net loss of $9,798,083 and used $1,591,426 of cash in the Company’s operating activities.
These factors raise substantial doubt about the Company’s ability to continue as a going concern within one year of the date that
the financial statements are issued. The financial statements do not include any adjustments that might be necessary should the Company
be unable to continue as a going concern.

The
ability to continue as a going concern is dependent