Company: RNGE
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010872
Chunk: 54

Company: RANGE IMPACT, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 54
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The Company periodically reviews the estimated reclamation costs and timing
assumptions used in calculating AROs. Changes in estimates are reflected in the period in which they occur. Actual costs may differ from
those estimated due to changes in applicable laws and regulation, inflation, post-mine land use changes, and the final scope of the reclamation
and water restoration activities.

Income Taxes

The Company follows the asset and liability method
of accounting for income taxes. Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences
attributable to differences between the financial statement carrying values and their respective income tax basis (temporary differences).
The effect on deferred income tax assets and liabilities of a change in tax rates is recognized as income (loss) in the period that includes
the enactment date.

Leases

The Company determines whether a contract is,
or contains, a lease at inception. Right-of-use assets represent the Company’s right to use an underlying asset during the lease
term, and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Right-of-use assets
and lease liabilities are recognized at lease commencement based upon the estimated present value of unpaid lease payments over the lease
term. The Company uses its incremental borrowing rate based on the information available at lease commencement in determining the present
value of unpaid lease payments. As of March 31, 2025, the Company had no material lease commitments for longer than one year.

Stock-Based Compensation

The Company periodically issues stock options
and restricted stock awards to employees and non-employees in non-capital raising transactions for services. The Company accounts for
such grants issued and vesting based on ASC 718, “Compensation-Stock Compensation”, whereby the value of the award is measured on the date
of grant and recognized for employees as compensation expense on the straight-line basis over the vesting period. Recognition of compensation
expense for non-employees is in the same period and manner as if the Company had paid cash for the services. The Company recognizes the
fair value of stock-based compensation within its Consolidated Statements of Operations with classification depending on the nature of
the services rendered.

    11

The fair value of the Company’s stock options
is estimated using the Black-Scholes-Merton Option Pricing model, which uses certain assumptions related to risk-free interest rates,
expected volatility, expected life of the stock options or restricted stock, and future dividends. Compensation expense is recorded based
upon the value derived from the Black-Scholes-M