Company: RNGE
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001343
Chunk: 661

Company: RANGE IMPACT, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7
Chunk 661
---
 had total current assets of $4,293,046, primarily comprised of cash of $167,286, accounts receivable
of $3,209,070, and equipment held for sale of $733,613. As of December 31, 2024, we had total current liabilities of $3,543,609, primarily consisting of the current portion of
long-term debt in the amount of $789,719, accounts payable and accrued expenses of $753,890, and lines of credit of $2,000,000. As a result,
on December 31, 2024, the Company had working capital of $749,437. At December 31, 2023, the Company had working capital of $753,756.

As
of December 31, 2024, the Company had long-term assets of $1,899,669, comprised of net equipment assets. 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, its net operating losses for the 12 months following December 31, 2024 are
expected to be approximately $500,000, which is comprised of general operating expenses partially offset by revenue generated by the
Range Reclaim and Range Security business segments. Based on the Company’s cash balance of $167,286, and its estimated net
operating losses of approximately $500,000 for the 12-month period ending December 31, 2025, the Company estimates that it may not
have sufficient funds to operate its business over the next 12 months. The Company is actively managing its working capital to
generate additional cash flow and is actively seeking additional financing to fund its currently estimated level of
operations.

Our
estimated total expenditures for the 12-month period ending December 31, 2025 could increase 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