Company: RNGE
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024206
Chunk: 211

Company: RANGE IMPACT, INC.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 211
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 available measure of progress on contracts. Because of inherent uncertainties
in estimating costs, it is at least reasonably possible that the estimates used will change significantly within the near term.

24

Stock-Based
Compensation

The
Company periodically issues stock options and restricted stock awards to employees and non-employees in non-capital raising transactions
for services and for financing costs. The Company accounts for such grants issued and vesting based on ASC 718, “Compensation -
Stock Compensation” whereby the value of the award is measured on the date of grant and recognized for employees as compensation
expense on the straight-line basis over the vesting period. Recognition of compensation expense for non-employees is in the same period
and manner as if the Company had paid cash for the services.

Recent
Accounting Pronouncements

Please
refer to Footnote 1 of the accompanying financial statements for management’s discussion of recent accounting pronouncements.

Item
3. Quantitative and Qualitative Disclosures About Market Risk

Not
Applicable.

Item
4. Controls and Procedures

Disclosure
Controls and Procedures

We
have established disclosure controls and procedures that are designed to ensure that information required to be disclosed in our reports
filed or submitted under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in the rules
and forms of the SEC, and that information relating to the Company is accumulated and communicated to management, including our principal
officers, as appropriate to allow timely decisions regarding required disclosure. Our Chief Executive Officer and Chief Financial Officer
have evaluated the effectiveness of our disclosure controls and procedures as of June 30, 2025, and have concluded that our disclosure
controls and procedures were effective as of June 30, 2025.

Changes
in Internal Control over Financial Reporting

There
were no changes in our internal control over financial reporting during the quarter ended June 30, 2025, that has materially affected,
or is reasonably likely to materially affect, our internal control over financial reporting.

25

PART
II - OTHER INFORMATION

Item
1. Legal Proceedings

From
time to time, we may become involved in various lawsuits and legal proceedings which arise in the ordinary course of business. The impact
and outcome of litigation, if any, is subject to inherent uncertainties, and an adverse result in these or other matters may arise from
time to time that may harm our business. We are not currently a party to and our properties are not currently the subject of any material
pending legal proceedings the adverse