Company: RNGE
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010872
Chunk: 117

Company: RANGE IMPACT, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part II, Item 8
Chunk 117
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 customers for the provision of environmental security
services on an agreed-upon hourly rate for each project. All revenue is recognized at a point in time.

The Company recognizes revenue
from contracts for financial reporting purposes over time. Progress toward completion of the Company’s contracts is measured by
the percentage of cost incurred to date compared to estimated total costs for each contract. This method is used because management considers
total cost to be the best available measure of progress on contracts. Because of inherent uncertainties in estimating costs, it is at
least reasonably possible that the estimates used will change significantly within the near term.

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Stock-Based Compensation

The Company periodically
issues stock options and restricted stock awards to employees and non-employees in non-capital raising transactions for services and
for financing costs. The Company accounts for such grants issued and vesting based on ASC 718, “Compensation - Stock
Compensation” whereby the value of the award is measured on the date of grant and recognized for employees as compensation expense on
the straight-line basis over the vesting period. Recognition of compensation expense for non-employees is in the same period and
manner as if the Company had paid cash for the services.

Recent Accounting Pronouncements

Please refer to Footnote
1 of the accompanying financial statements for management’s discussion of recent accounting pronouncements.

Item 3. Quantitative and Qualitative Disclosures
About Market Risk

Not Applicable.

Item 4. Controls and Procedures

Disclosure Controls and Procedures

We have established disclosure
controls and procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under
the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the SEC,
and that information relating to the Company is accumulated and communicated to management, including our principal officers, as appropriate
to allow timely decisions regarding required disclosure. Our Chief Executive Officer and Chief Financial Officer have evaluated the effectiveness
of our disclosure controls and procedures as of March 31, 2025, and have concluded that our disclosure controls and procedures were effective
as of March 31, 2025.

Changes in Internal Control over Financial
Reporting

There were no changes in
our internal control over financial reporting during the quarter ended March 31, 2025, that has materially affected, or is reasonably
likely to materially affect, our internal control over financial reporting.

23

PART II - OTHER INFORMATION

Item 1. Legal Proceedings

From time to time, we may