Company: RNGE
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024206
Chunk: 170

Company: RANGE IMPACT, INC.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part II, Item 8
Chunk 170
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 assets of $1,211,631, comprised of: (i) cash of $48,312; (ii) accounts receivable of
$257,207; (iii) equipment held for sale of $833,613; (iv) prepaid expenses of $67,362; and (v) deposits of $5,137. As of June 30, 2025,
the Company had total current liabilities of $3,926,867, comprised of: (i) outstanding amounts on lines of credit of $1,800,000; (ii)
accounts payable of $503,145; (iii) accrued expenses of $769,476, and (iv) the current portion of long-term debt of $854,246. As a result,
as of June 30, 2025, the Company had negative working capital of $2,715,236. As of December 31, 2024, the Company had positive working
capital of $749,437.

As
of June 30, 2025, the Company had long-term assets of $57,005,861, comprised of: (i) land, including asset retirement cost, of $56,618,965,
and (ii) net equipment assets of $386,896. As of June 30, 2025, the Company had long-term liabilities of $48,385,794, comprised of (i)
asset retirement obligations of $47,157,763 and (ii) long-term debt, net of current portion of $1,228,031. As of December 31, 2024, the
Company had long-term assets of $1,899,669, comprised of (i) land of $1,008,897 and (ii) net equipment assets of $890,772. As of December
31, 2024, the Company had long-term liabilities of $1,814,701, comprised of long-term debt, net of current portion.

Sources
of Capital

Based
on the Company’s current corporate strategy, we expect our general operating expenses to be partially offset by royalty income
generated by Range Land. Based on the Company’s current cash balance of $48,312 and no current availability under its
revolving credit line, the Company may not have sufficient funds to operate its business over the next 12 months. If additional
capital is needed in excess of our current capital resources, we will explore financing options to fund our growth strategy and shareholder value