Company: RNGE
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001343
Chunk: 597

Company: RANGE IMPACT, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 6
Chunk 597
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 by operating
activities during the year ended December 31, 2023, consisted primarily of a net profit of $3,131,055, an increase in accounts
payable of $3,480,206 and depreciation of $1,781,573 offset by an increase in accounts receivable of $6,204,026 and stock-based
compensation of $386,530.

Net
Cash Used in Investing Activities 

For
the year ended December 31, 2024, net cash provided by investing activities was $430,100, which consisted of $270,000 received from
sale of equipment, $160,000 in insurance policy proceeds from a casualty loss, and $100 received from the sale of the Graphium
subsidiary. For the year ended December 31, 2023, net cash used in investing activities was $7,162,811, which consisted primarily of
$4,035,250 of long-term debt issued and $1,000,000 paid for the Collins Building acquisition, $1,118,664 for equipment purchased
primarily by the Range Reclaim segment, and $1,008,897 for land purchases by the Range Land segment.

Net
Cash Provided By Financing Activities 

For
the year ended December 31, 2024, net cash used in financing activities was $848,188 compared to net cash provided by financing
activities of $8,458,605 for the year ended December 31, 2023. Net cash used in financing activities for the year ended December 31,
2024 consisted of $1,848,188 of long-term equipment debt and bank credit line pay-downs offset by $1,000,000 received from the
issuance of common stock. Net cash provided by financing activities for the year ended December 31, 2023 consisted of $3,110,000
received from the issuance of common stock and warrants, proceeds of $4,035,250 from long-term debt issued for the Collins Building
acquisition and proceeds of $2,400,000 from lines of credit, offset by the repayment of long-term debt of $1,650,659.

Off-Balance
Sheet Arrangements

We
have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial
condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources
that would be