Company: RNGE
Filing Date: 2025-11-19
Form Type: 424B3
Source: 0001493152-25-024206
Chunk: 14

Company: RANGE IMPACT, INC.
Filing Date: 2025-11-19
Form: 424B3
Chunk 14
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 receivables of $0 and $154,354 at September 30, 2025 and December 31, 2024, respectively. Trade accounts receivable are stated at the amount management expects to collect from the balances outstanding as of September 30, 2025 or December 31, 2024 in the consolidated balance sheets. Based on management’s assessment, it has concluded that losses on balances outstanding as of those dates will be immaterial and therefore, no allowances were recorded for the nine months ended September 30, 2025 or the nine months ended September 30, 2024. Accounts receivable were $447,162 and $3,209,070 at September 30, 2025 and December 31, 2024, respectively. No credit loss expense was accrued in either the nine months ended September 30, 2025 or the nine months ended September 30, 2024 and there is no allowance for expected credit losses as of September 30, 2025 or December 31, 2024.

Contract Assets

Billing practices are governed by the contract terms of each project based upon costs incurred, achievement of milestones or predetermined schedules. Billings do not necessarily correlate with revenue recognized over time using the percentage-of-completion method. Contract assets include unbilled amounts typically resulting from revenue under long-term contracts when the percentage-of-completion method of revenue recognition is utilized, and revenue recognition exceeds the amount billed to the customer. The Company’s contract assets are reported on a contract-by-contract basis at the end of each reporting period. The Company classifies contract assets as current or noncurrent based on whether the revenue is expected to be recognized sooner or later than one year from the balance sheet date.

Details of contract assets arising from reclamation contracts in process as of December 31, 2024 are as follows. The Company did not have any active abandoned mine land projects as of September 30, 2025 therefore no contract assets were recognized on that date.

SCHEDULE OF CONTRACT ASSETS

|                                         |     | December 31, 2024 |            |   |
|:----------------------------------------|:----|:------------------|-----------:|:--|
| Costs incurred on contracts in progress |     | $                 |  1,513,306 |   |
| Estimated earnings                      |     |                   |      1,168 |   |
| Revenue earned on contracts in progress |     |                   |  1,514,474 |   |