Company: RNGE
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001343
Chunk: 643

Company: RANGE IMPACT, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 6
Chunk 643
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and 4.27%,
(iii) zero
expected dividend yield, and (iv) an expected life of 5
years, which is the average of the term of the options and their vesting periods. The total fair value of the option grants to
directors, advisors, and employees at their grant dates was approximately $413,470,
$386,530
of which was allocated to general and administrative expenses during the year ended December 31, 2023, and $26,940
of which will be amortized over two
years from the date of grant. At December 31, 2023, $22,450
of the cost of the outstanding stock-based awards remained outstanding and will be amortized over the next two years.

A
summary of the Company’s stock option activity during the years ended December 31, 2024 and 2023 is as follows:

SCHEDULE
OF STOCK OPTION ACTIVITY 

    Number
                                            of Underlying Shares  
    Weighted Average Exercise
                                            Price 
  
    Balance outstanding at December 31, 2022 
     9,392,544  
    $0.54 
  
    Granted 
     2,050,000  
     0.20 
  
    Exercised 
     -  
     - 
  
    Expired 
     (50,000) 
     3.62 
  
    Forfeited 
     -  
     - 
  
    Balance outstanding at December 31, 2023 
     11,392,544  
    $0.47 
  
    Granted 
     250,000  
     0.38 
  
    Exercised 
     -  
     - 
  
    Expired 
     (48,334) 
     3.63 
  
    Forfeited 
     -  
     - 
  
    Balance outstanding at December 31, 2024 
     11,594,210  
    $0.45 
  
    Balance exercisable at December 31, 2024 
     11,369,210  
    $0.45 

At
December 31, 2024, the 11,594,210 outstanding stock options had aggregate intrinsic value of $99,130.

    F-16

A
summary of the Company’s stock options outstanding as of December