Company: RNGE
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024206
Chunk: 207

Company: RANGE IMPACT, INC.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 207
---
 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 creation plan.

22

Our
estimated total net cash flow for the 12-month period ending June 30, 2026 could decrease if we encounter unanticipated lower revenues
and higher expenses in connection with operating our business as presently planned. In addition, our estimates of the amount of cash
necessary to fund our business may prove to be too low, and we could spend our available financial resources much faster than we currently
expect. If we cannot raise the capital necessary to continue to develop our business, we will be forced to delay, scale back or eliminate
some or all of our proposed operations. If any of these were to occur, there is a substantial risk that our business would fail.

Until
such time as the Company is cash flow positive, we expect to continue funding our operations, at least in part, through equity and debt