Company: RNGE
Filing Date: 2025-03-31
Form Type: 424B3
Source: 0001641172-25-001863
Chunk: 68

Company: RANGE IMPACT, INC.
Filing Date: 2025-03-31
Form: 424B3
Chunk 68
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 |   |   December 
   31, 2023 |   |
|:------------------------------|:----|:--|-----------:|:--|:----|:--|-----------:|:--|
| Equipment                     |     | $ |  3,433,543 |   |     | $ | 13,835,929 |   |
| Land                          |     |   |  1,008,897 |   |     |   |  1,563,797 |   |
| Buildings                     |     |   |          - |   |     |   |    199,500 |   |
| Property and equipment, gross |     |   |          - |   |     |   |    199,500 |   |
| Accumulated depreciation      |     |   | (2,542,771 | ) |     |   | (2,297,324 | ) |
| Net book value                |     |   |  1,899,669 |   |     |   | 13,301,902 |   |
| Depreciation expense          |     | $ |  1,868,997 |   |     | $ |  1,781,573 |   |

See Note 2 for more details on the change in buildings, property and equipment.

The Company provides for depreciation of property and equipment using the straight-line method for both financial reporting and federal income tax purposes over the estimated six-year useful lives of the equipment. All of the Company’s buildings were acquired in the purchase of Collins Building and are also being depreciated over an estimated six-year useful life due to their age at the date of acquisition.

| F-10 |

The Company assesses the recoverability of its property and equipment by determining whether the depreciation of the assets over their remaining lives can be recovered through projected future cash flows generated by the assets. There was a group of five assets identified for impairment. See Equipment Held for Sale below.

Land

Land is carried at cost. The Company assesses the recoverability of its land by determining whether the cost of the land can be recovered through projected future cash flows generated by the land. No land was identified for impairment.

Equipment Held for Sale

Following the completion of specific projects in the fourth quarter of 2024, Management concluded that certain pieces of equipment would no longer be required for future projects. Consequently, these items were separated and prepared for sale. The company is expecting to sell these assets to a private