Company: RNGE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023395
Chunk: 188

Company: RANGE IMPACT, INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part II, Item 8
Chunk 188
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 general and administrative
expenses for the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024, was attributable to
decreases in labor and benefit costs of $155,131, professional and legal fees of $119,060, and insurance costs of
$160,559.

For
the nine months ended September 30, 2025, the Company generated net other income in the amount of $4,910,363 compared net other
expense of $4,195,826 recorded for the nine months ended September 30, 2024 (an increase of $9,106,189). During the nine months
ended September 30, 2025, the Company recognized a gain on bargain purchase of $5,602,484, other income of $83,627 and a gain on
sale of assets of $1,085 offset by a $560,402 deficiency claim on surrendered equipment and $216,431 of interest expense. During the nine
months ended September 30, 2024 the Company had a loss on sale of fixed assets of $3,751,680 and interest expense of $496,322 offset
by $52,176 of other income.

Net
income for the nine months ended September 30, 2025 was $3,668,065 compared to a net loss of $7,359,859 for the nine months ended September
30, 2024 (an improvement of $11,027,924).

Liquidity
and Capital Resources

As
of September 30, 2025, the Company had total current assets of $800,842, comprised of: (i) cash of $285,388; (ii) accounts
receivable of $447,162; (iii) prepaid expenses of $52,897; and (iv) deposits of $15,395. As of September 30, 2025, the Company had
total current liabilities of $2,694,495, comprised of: (i) accounts payable of $499,211; (ii) current portion of bank debt of $300,000; and
(iii) accrued payables related to prior equipment debt of $1,895,284. As a result, as of September 30, 2025, the Company had
negative working capital of $1,893,653. As of December 31, 2024, the Company had positive working capital of $