Company: RNGE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023395
Chunk: 127

Company: RANGE IMPACT, INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 127
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 in part, acquisitions in furtherance of our business
strategy, our existing stockholders may experience substantial dilution, and the new equity or debt securities may have rights, preferences
and privileges senior to those of our existing stockholders. If we incur additional debt, we would incur additional interest expenses,
and assuming those loans would be available, it would increase our liabilities and future cash commitments. Moreover, regardless of the
manner in which we seek to raise capital, we may incur substantial costs in those pursuits, including investment banking fees, legal
fees and other related costs.

Net
Cash Provided By (Used In) Operating Activities

For
the nine months ended September 30, 2025, net cash generated by operating activities was $19,111, comprised of: (i) net income of $3,668,065;
(ii) non-cash depreciation of $150,381; (iii) non-cash accretion expense of $1,243,945; (iv) add-back of the non-cash bargain purchase
gain of $5,602,484; (v) a gain on asset disposals of $1,085; (vi) non-cash vested stock option expense of $168,980; (vii) deficiency
claims on returned equipment of $560,402; (viii) a decrease in current assets of $81,823; and (ix) a decrease in current liabilities
of $87,270. For the nine months ended September 30, 2024, net cash used in operating activities was $1,859,370, comprised of: (i) net
loss of $7,359,859; (ii) non-cash depreciation of $1,594,152; (iii) non-cash vested stock option expense of $60,970; (iv) net loss on
sale of equipment and disposition of business of $3,751,580 (iv) an increase in current assets of $2,697,231; and (v) a decrease in current
liabilities of $2,603,444.

Net
Cash Provided By (Used In) Investing Activities

For
the nine months ended September 30, 2025, net cash used in investing activities was $328,866, comprised of $525,000 of proceeds from
the sale of equipment, partially offset by $100,000 for equipment purchases and cash paid for asset retirement obligations of $753,866.
For the nine months