Company: RNGE
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010872
Chunk: 5

Company: RANGE IMPACT, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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     (1,509,102)

    Cash and cash equivalents - beginning of period 
     167,286  
     2,176,800 
  
    Cash and cash equivalents - end of period 
    $252,695  
    $667,698 

    Supplemental disclosure of cash flow information: 

    Cash paid during the period for: 

    Interest 
    $23,851  
    $89,570 

See accompanying notes to the consolidated financial
statements.

7

RANGE IMPACT, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

THREE MONTHS ENDED MARCH 31, 2025 AND 2024

(Unaudited)

 1. BUSINESS OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Range Impact, Inc. (the “Company”,
“we”, “us” or “our”), was incorporated in the State of Nevada on June 29, 2007.

Originally founded in 2007 as Legend Mining
Inc., the Company began operations as a mineral extraction exploration business. In 2011, the Company changed its name to Stevia
First Corp. and pursued a new strategy focused on developing stevia-based additives for the food and beverage industry. In 2015, the
Company changed its name to Vitality Biopharma, Inc. and pursued a new strategy focused on developing cannabinoid-based prodrugs
anticipated to treat inflammatory conditions of the gastrointestinal tract. In October 2021, the Company changed its name to
Malachite Innovations, Inc. and expanded its corporate strategy to include impact investing.

In May 2022, the Company acquired Range Environmental Resources, Inc.,
a West Virginia corporation (“Range Environmental”) and Range Natural Resources, Inc., a West Virginia corporation (“Range
Natural”) to provide land reclamation and water restoration services to mining and non-mining customers throughout the Appalachian
region. In August 2023, the Company acquired Collins Building & Contracting, Inc., a West Virginia corporation (“Collins Building”),
an environmental services business primarily focusing on the reclamation of abandoned mine land sites in West Virginia, as described in
more detail in Note 2.

In September 2023, the Company, through its wholly-owned subsidiary CLV
Azurite Land, LLC, acquired 1,745 acres of surface land and mineral interests at the Hobet mine complex (“Hobet Mine”) located
in Lincoln