Company: RNGE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023395
Chunk: 64

Company: RANGE IMPACT, INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 64
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 In) Operating Activities

For
the nine months ended September 30, 2025, net cash generated by operating activities was $19,111, comprised of: (i) net income of $3,668,065;
(ii) non-cash depreciation of $150,381; (iii) non-cash accretion expense of $1,243,945; (iv) add-back of the non-cash bargain purchase
gain of $5,602,484; (v) a gain on asset disposals of $1,085; (vi) non-cash vested stock option expense of $168,980; (vii) deficiency
claims on returned equipment of $560,402; (viii) a decrease in current assets of $81,823; and (ix) a decrease in current liabilities
of $87,270. For the nine months ended September 30, 2024, net cash used in operating activities was $1,859,370, comprised of: (i) net
loss of $7,359,859; (ii) non-cash depreciation of $1,594,152; (iii) non-cash vested stock option expense of $60,970; (iv) net loss on
sale of equipment and disposition of business of $3,751,580 (iv) an increase in current assets of $2,697,231; and (v) a decrease in current
liabilities of $2,603,444.

Net
Cash Provided By (Used In) Investing Activities

For
the nine months ended September 30, 2025, net cash used in investing activities was $328,866, comprised of $525,000 of proceeds from
the sale of equipment, partially offset by $100,000 for equipment purchases and cash paid for asset retirement obligations of $753,866.
For the nine months ended September 30, 2024, net cash provided by investing activities was $430,100, comprised of $270,100 proceeds
from sales of assets and disposition of business, and $160,000 of insurance proceeds from a casualty loss.

Net
Cash Provieded by (Used In) Financing Activities

For
the nine months ended September 30, 2025, net cash provided by financing activities was $427,857, comprised of $1,150,000 from the
sale of common stock, offset by debt repayments of $722,143. For the nine months ended September