Company: RNGE
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024206
Chunk: 108

Company: RANGE IMPACT, INC.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 108
---
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 obligations of $415,338. For the
six months ended June 30, 2024, there was no net cash provided by or used in investing activities.

Net
Cash Used In Financing Activities

For
the six months ended June 30, 2025, net cash used in financing activities was $122,143, comprised of $600,000 from the sale of common
stock, offset by the repayment of long-term debt of $522,143 and repayment of bank debt of $200,000. For the six months ended June 30,
2024, net cash used in financing activities was $389,556, comprised $1,000,000 from the sale of common stock offset by the repayment
of long-term debt of $1,189,556 and repayment of the bank debt of $200,000.

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 material to stockholders.

23

Critical
Accounting Policies

Our
financial statements and accompanying notes included in this report have been prepared in accordance with United States generally accepted
accounting principles (“U.S. GAAP”) applied on a consistent basis. The preparation of financial statements in conformity
with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the
disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses
during the