Company: RNGE
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010872
Chunk: 95

Company: RANGE IMPACT, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part II, Item 8
Chunk 95
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erton Option Pricing model and based on actual experience. The assumptions used in the
Black-Scholes-Merton Option Pricing model could materially affect compensation expense recorded in future periods.

Basic and Diluted Income (Loss) Per Share

Basic income (loss) per share is computed by
dividing the net income (loss) applicable to common stockholders by the weighted average number of outstanding common shares during the
period. Shares of restricted stock are included in the basic weighted average number of common shares outstanding from the time they
vest. Diluted income (loss) per share is computed by dividing net income (loss) applicable to common stockholders by the weighted average
number of common shares outstanding plus the number of additional common shares that would have been outstanding if all dilutive potential
common shares had been issued. Diluted income (loss) per share excludes all potential common shares if their effect is anti-dilutive.
The following potentially dilutive shares were excluded from the shares used to calculate diluted earnings per share as their inclusion
would be anti-dilutive:

SCHEDULE
OF ANTI-DILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE  

    March 31, 2025  
    December 31, 2024 
  
    Options 
     11,590,876  
     11,594,210 
  
    Warrants 
     3,166,667  
     3,166,667 
  
    Total 
     14,757,543  
     14,760,877 
  
    Anti-dilutive loss per share 
     14,757,543  
     14,760,877 

Fair Value of Financial Instruments

FASB ASC 825, “Financial Instruments”
requires that the Company disclose estimated fair values of financial instruments. Financial instruments held by the Company include,
among others, accounts receivable, accounts payable and long-term debt. The carrying amounts reported in the balance sheets for assets
and liabilities qualifying as financial instruments are a reasonable estimate of fair value.

As defined in FASB ASC 280 “Fair Value
Measurements”, fair value is the price that would be received to sell an asset or paid to transfer a liability, in an orderly
transaction between market participants at the measurement date. In determining fair value, the Company utilizes certain assumptions
that market participants would use in pricing the asset or liability, including assumptions about risk and/or the risks inherent in
the inputs