Company: RNGE
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010872
Chunk: 63

Company: RANGE IMPACT, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 63
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S ACTIVITY  

    Shares  
    Weighted Average Exercise Price 
  
    Balance Outstanding and Exercisable at December 31, 2024 
     3,166,667  
    $0.56 
  
    Granted 
     -  
     - 
  
    Exercised 
     -  
     - 
  
    Expired 
     -  
     - 
  
    Balance Outstanding and Exercisable at March 31, 2025 
     3,166,667  
    $0.56 

At March 31, 2025, the 3,166,667 outstanding
stock warrants had no intrinsic value.

8. LINE OF CREDIT

In November 2022, the
Company secured a bank line of credit with a limit of $1,000,000.
In November 2023, the parties amended and restated this line of credit. The line of credit, as amended, has a maturity date of December
31, 2025, and bears interest at the fixed rate of eight and three-quarters percent (8.75%).
As of March 31, 2025 and December 31, 2024, the balance due under the line of credit was $1,000,000.

In June 2023, Range Environmental secured a bank
loan with a limit of $1,000,000. In November 2023, the loan amount was increased to $1,400,000. Principal and accrued interest payments
are required in March, June, September and December. The loan has a maturity date of December 31, 2025, and bears interest at the fixed
rate of seven and three-quarters per cent (7.75%). As of March 31, 2025 and December 31, 2024, the balance due under the loan was $1,000,000.

    15

9. LONG-TERM DEBT OBLIGATIONS

Long-term debt consists of debt on
equipment, which serves as the collateral. Interest rates on the equipment financings range from 6.2%
to 7.2%
for 2025 and mature between
2027 through 2029.

As described in Note 4, in August 2024, the
Collins Building debt was cancelled in exchange for the property and substantially all of the equipment acquired in the original
transaction. The Collins Building debt consisted of a