Company: RNGE
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010872
Chunk: 34

Company: RANGE IMPACT, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 $1,814,701, comprised of long-term debt, net of current portion.

Sources of Capital

Based on the Company’s current corporate strategy, we expect our
general operating expenses to be substantially offset by royalty income generated by Range Land. Based on the Company’s current
cash balance of $252,695 and no current availability under its revolving credit line, the Company may not have sufficient funds to operate
its business over the next 12 months. If additional capital is needed in excess of our current capital resources, we will explore financing
options to accelerate the funding and execution of our growth strategy and shareholder value creation plan.

20

Our estimated total net cash flow
for the 12-month period ending March 31, 2026 could decrease if we encounter unanticipated lower revenues and higher expenses in connection
with operating our business as presently planned. In addition, our estimates of the amount of cash necessary to fund our business may
prove to be too low, and we could spend our available financial resources much faster than we currently expect. If we cannot raise the
capital necessary to continue to develop our business, we will be forced to delay, scale back or eliminate some or all of our proposed
operations. If any of these were to occur, there is a substantial risk that our business would fail.

Until such time as the Company
is cash flow positive, we expect to continue funding our operations, at least in part, through equity and
debt financings. However, sources of additional funds may not be available when needed, on acceptable terms, or at all. If we issue equity
or convertible debt securities to raise additional funds or to fund, in whole or 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 three months ended March 31, 2025, net cash used in operating activities
was $(428,101), comprised of: (i) net income of $5,099,627;