Company: RNGE
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024206
Chunk: 95

Company: RANGE IMPACT, INC.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 95
---
 a reduction in long-term debt of $1,012,375.
In June 2025, the financing company asserted deficiency claims in the amount of $560,402
which are included in the financial statements as an other expense in the consolidated statement of operations and as an accrued
expense as of June 30, 2025.

A
summary of payments due under the Company’s long-term debt by year is as follows:

SCHEDULE
OF MATURITIES OF LONG TERM DEBT 

    Equipment Financing 

    2025 – due between July 1, 2025 and June 30, 2026 
     854,246 
  
    2026 – due between July 1, 2026 and June 30, 2027 
     465,582 
  
    2027 – due between July 1, 2027 and June 30, 2028 
     458,135 
  
    2028 – due between July 1, 2028 and June 30, 2029 
     304,314 
  
    Total long-term debt 
    $2,082,277 

    17

10.
MAJOR CUSTOMER AND CONCENTRATION OF CREDIT RISK

Sales
to the Company’s largest customer were 54%
and 0% of total sales for the three and six months ended June 30, 2025, respectively. Sales to the Company’s two largest customers constituted 92%
and 89%
of total sales for the three and six months ended June 30, 2024, respectively.

Accounts
receivable from the largest customer were 0%
of total accounts receivable as of June 30, 2025 and December 31, 2024. Accounts receivable as of June 30, 2025 were 46%
from the second largest customer as of June 30, 2025. Accounts receivable from this customer were 17% as of December 31, 2024.

11.
COMMITMENTS AND CONTINGENCIES

From
time to time, the Company is involved in legal matters arising in the ordinary course of business. While the Company believes that such
matters are currently not material, there can be no assurance that matters arising in the ordinary course of business for which the Company
is, or could be, involved in litigation, will not have an adverse effect on its business, financial condition or results of operations.

12.