Company: RNGE
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010872
Chunk: 35

Company: RANGE IMPACT, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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 (ii) non-cash depreciation of $84,783; (iii) add-back of the non-cash bargain
purchase gain of $5,602,484; (iv) a gain on asset disposals of $59,680; (v) non-cash vested stock option expense of $4,490; (vi) an increase
in current assets of $206,256; and (vii) a decrease in current liabilities of $161,093. For the three months ended March 31, 2024, net
cash used in operating activities was $(1,113,045), comprised of: (i) net income of $(1,213,840); (ii) non-cash depreciation of $638,435;
(iii) non-cash vested stock option expense of $4,490; (iv) an increase in current assets of $827,087; and (v) a decrease in current liabilities
of $1,369,217,

Net Cash Provided By (Used In) Investing
Activities

For the three months ended March 31, 2025, net cash provided by investing
activities was $280,000, comprised of $380,000 of proceeds from the sale of equipment, partially offset by $100,000 for equipment purchases.
For the three months ended March 31, 2024, there was no net cash provided by or used in investing activities.

Net Cash Provided By (Used In) Financing
Activities

For the three months ended March 31, 2025, net cash provided by financing
activities was $233,510, comprised of $600,000 from the sale of common stock, partially offset by the repayment of long-term debt of $366,490.
For the three months ended March 31, 2024, net cash used in financing activities was $(396,057), comprised entirely of the repayment of
long-term debt of $396,057.

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.

21

Critical Accounting Policies

Our financial statements
and accompanying notes included in this report have been prepared in accordance with United States generally accepted accounting principles
(“U.S. GAAP”) applied on a consistent basis. The preparation of financial