Company: RNGE
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001343
Chunk: 1305

Company: RANGE IMPACT, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 16
Chunk 1305
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 on a management approach to segment reporting, establishes requirements to report selected
segment information quarterly and to report annually entity-wide disclosures about products and services, major customers and the countries
in which the entity holds material assets and reports revenue. All material operating units qualify for aggregation under “Segment
Reporting” due to their similar customer base and similarities in (i) economic characteristics, (ii) nature of products and services,
and (iii) procurement, manufacturing and distribution processes.

    F-20

The
five reportable segments that result from applying the aggregation criteria are as follows:

    ●
    Range
    Reclaim – land reclamation, water restoration, and land repurposing

    ●
    Range
    Minerals – subcontracted mining and reclamation activities

    ●
    Range
    Water – biochar product development and water solutions business

    ●
    Range
    Security – security services on mine land being reclaimed and repurposed for non-fossil fuel uses

    ●
    Range
    Land – mine land being acquired, reclaimed and repurposed for non-fossil fuel uses

The
Company had no inter-segment sales for the periods presented.

Summarized
financial information concerning the Company’s reportable segments is shown as below:

SCHEDULE
OF FINANCIAL INFORMATION OF REPORTABLE SEGMENT

By
Categories

    For
    the year ended December 31, 2024 

    Range
    Reclaim  
    Range
    Minerals  
    Range
    Water  
    Range
    Security  
    Range
    Land  
    Corporate  
    Total 

    Sales 
    $4,676,643  
    $3,416,081  
    $-  
    $918,357  
    $-  
    $-  
    $9,011,081 
  
    Cost of services 
     6,832,406  
     2,665,974  
     -  
     396,829  
     -  
     -  
     9,895,209 
  
    Gross profit (loss) 
     (2,155,763) 
     750,107  
     -  
     521,528  
     -  
     -  
     (884,128)
  
    Operating income (loss) 
     (3,228,747