Company: RNGE
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010872
Chunk: 115

Company: RANGE IMPACT, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part II, Item 8
Chunk 115
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i) net income of $(1,213,840); (ii) non-cash depreciation of $638,435;
(iii) non-cash vested stock option expense of $4,490; (iv) an increase in current assets of $827,087; and (v) a decrease in current liabilities
of $1,369,217,

Net Cash Provided By (Used In) Investing
Activities

For the three months ended March 31, 2025, net cash provided by investing
activities was $280,000, comprised of $380,000 of proceeds from the sale of equipment, partially offset by $100,000 for equipment purchases.
For the three months ended March 31, 2024, there was no net cash provided by or used in investing activities.

Net Cash Provided By (Used In) Financing
Activities

For the three months ended March 31, 2025, net cash provided by financing
activities was $233,510, comprised of $600,000 from the sale of common stock, partially offset by the repayment of long-term debt of $366,490.
For the three months ended March 31, 2024, net cash used in financing activities was $(396,057), comprised entirely of the repayment of
long-term debt of $396,057.

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.

21

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 reporting
periods.

We regularly evaluate the
accounting policies and estimates that we use to prepare our financial statements. In general, management’s estimates are based
on historical experience, on information from third party professionals, and on various other assumptions that are believed to be reasonable
under the facts and circumstances. Actual results could differ from the estimates made by management.

We believe the following