Company: RNGE
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001343
Chunk: 1296

Company: RANGE IMPACT, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 16
Chunk 1296
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 for the year ended December 31, 2023.

4.
GOODWILL

The
decrease in goodwill in the year ended December 31, 2024, was driven by the impairment of the Range Reclamation Entities goodwill
that was assessed at the time of its acquisition in 2022. See note 1 for further discussion.

SCHEDULE OF GOODWILL 

    December
    31, 2024  
    December
    31, 2023 
  
    Range Reclaim Segment: 

    Beginning Balance 
    $751,421  
    $751,421 
  
    Impairment 
     (751,421) 
     - 
  
    Ending Balance 
    $-  
    $751,421 

5.
EQUITY

Issuance
of Common Stock and Warrants

In
April 2023, the Company entered into securities purchase agreements providing for the issuance and sale by the Company of (i) 2,733,334
shares of the Company’s common stock (the “April 2023 Shares”) at a price of $0.15 per share and (ii) warrants to purchase
up to an additional 2,733,333 shares of the Company’s common stock at a price of $0.60 per share (the “April 2023 Warrants”).
The April 2023 Warrants expire on April 11, 2028. The aggregate proceeds to the Company from the sale of the April 2023 Shares and April
2023 Warrants were approximately $400,000.

In
August 2023, the Company entered into a securities purchase agreement providing for the issuance and sale by the Company of 6,666,667
shares of the Company’s common stock (the “August 2023 Shares”) at a price of $0.15 per share. After deducting for
fees and expenses, the aggregate net proceeds from the sale of the August 2023 Shares were approximately $1,000,000.

In
October 2023, the Company entered into warrant exchange agreements with certain holders of warrants to exchange warrants to purchase
a total of 21,733,334 shares of the Company’s common stock for an aggregate of 2,173,334 shares of the Company’s common stock.
The warrants that were exchanged were extinguished.

    F-15

In
December 2023, the Company entered into securities purchase agreements