Company: RNGE
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024206
Chunk: 168

Company: RANGE IMPACT, INC.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part II, Item 8
Chunk 168
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 market share with key customers, and supply relationships with critical vendors. Our ability to continue
to compete effectively in our businesses will depend upon our ability to attract new employees and retain and motivate our existing employees.

21

Results
of Operations

Three
Months Ended June 30, 2025 and June 30, 2024

The
Company’s revenue for the three months ended June 30, 2025 was $1,391,482 and its gross profit was $508,322. The Company’s
revenue for the three months ended June 30, 2024 was $2,349,738 and its gross loss was $148,929. The significant decrease in revenue
is primarily a result of management’s decision to exit its coal mining business in 2024.

For
the three months ended June 30, 2025, general and administrative expenses were $624,771, compared to $697,699 for the three months ended
June 30, 2024 (a decrease of $72,928). General and administrative expenses generally include corporate overhead, salaries and other compensation
costs, financial and administrative contracted services, legal and audit fees, other professional and consulting fees, insurance, marketing,
and travel expenses. The largest decrease in general and administrative expenses for the three months ended June 30, 2025 compared to
the three months ended June 30, 2024, was attributable to professional and legal fees of $108,446, labor and benefit costs of $35,212,
and insurance costs of $34,663, offset by an increase in stock option expense of $112,500.

For
the three months ended June 30, 2025, the Company incurred net other expense in the amount of $681,732 compared to $165,175 for the three
months ended June 30, 2024 (an increase of $516,557). This increase in net other expense was attributable to a deficiency claim on equipment
surrendered of $560,402 and loss on sale of other equipment of $34,012 offset by lower interest expense of $78,342.

Net
loss for the three months ended June 30, 2025 was $798,181 compared to a net loss of $1,225,681 for the three months ended June 30, 2024
(an improvement of $427,500).

Six
Months Ended June 30, 2025 and June 30, 2024