Company: RNGE
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024206
Chunk: 208

Company: RANGE IMPACT, INC.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 208
---

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 six months ended June 30, 2025, net cash generated by operating activities was $114,007, comprised of: (i) net income of
$4,301,446; (ii) non-cash depreciation of $125,043; (iii) non-cash accretion expense of $524,033; (iv) add-back of the non-cash
bargain purchase gain of $5,602,484; (v) a gain on asset disposals of $25,668; (vi) non-cash vested stock option expense of
$168,980; (vii) a decrease in current assets of $103,925; and (vii) a decrease in current liabilities of $41,670. For the six months
ended June 30, 2024, net cash used in operating activities was $(1,663,531), comprised of: (i) net loss of $2,439,521; (ii)
non-cash depreciation of $1,276,872; (iii) non-cash vested stock option expense of $56,480; (iv) a decrease in current assets of
$1,016,666; and (v) a decrease in current liabilities of $1,574,028.

Net
Cash Provided By (Used In) Investing Activities

For
the six months ended June 30, 2025, net cash used in investing activities was $110,838, comprised of $404,500 of proceeds from the sale
of equipment, partially offset by $100,000 for equipment purchases and cash paid for asset retirement