Company: RNGE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023395
Chunk: 116

Company: RANGE IMPACT, INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 116
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 such
matters are currently not material, there can be no assurance that matters arising in the ordinary course of business for which the Company
is, or could be, involved in litigation, will not have an adverse effect on its business, financial condition or results of operations.

12.
SEGMENT INFORMATION

ASC
280, “Segment Reporting” establishes standards for reporting information about operating segments on a basis consistent with
the Company’s internal organizational structure as well as information about services, categories, business segments and major
customers in financial statements. The Company has two reportable segments that are based on the following business units: (i) Range
Land and (ii) Range Services.  Range Reclaim, Range Security and Range Water, which had been previously
reported as separate operating business segments are now captured within the Range Services operating business segment. As described
in Note 4, the Company’s Graphium Biosciences segment was reported as discontinued operations during the third quarter of 2024,
and accordingly, the results of this segment are excluded from the table below, which only reflects continuing operations for all periods
presented. In accordance with the “Segment Reporting” Topic of the ASC, the Company’s chief operating decision-maker
has been identified as the Company’s Chief Executive Officer, who reviews operating results to make decisions about allocating
resources and assessing performance for the entire Company. Existing guidance, which is based on a management approach to segment reporting,
establishes requirements to report selected segment information quarterly and to report annually entity-wide disclosures about products
and services, major customers and the countries in which the entity holds material assets and reports revenue. All material operating
units qualify for aggregation under “Segment Reporting” due to their similar customer base and similarities in economic characteristics,
nature of products and services, and procurement, manufacturing and distribution processes.

The
two reportable segments that result from applying the aggregation criteria are as follows:

    ●
    Range
    Land – mine land acquired, reclaimed and repurposed for next generation uses

    ●
    Range
    Services – services in support of reclamation and repurposing of acquired mine land

The
Company had no inter-segment sales for the periods presented.

    18

Summarized
financial information concerning the Company’s reportable segments (excluding discontinued operations) is shown
below:

SCHEDULE
OF FINANCIAL INFORMATION OF REPORTABLE SEGMENT 

By
Categories

    For the three months ended September 30, 2025 

    Range Land