Company: RNGE
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001343
Chunk: 49

Company: RANGE IMPACT, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 49
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21% 
     -21%
  
    State tax rate, net of
    federal benefit 
     -7% 
     -7%
  
    Total federal and state tax rate 
     -28% 
     -28%
  
    Valuation allowance 
     28% 
     28%
  
    Effective tax rate 
     -% 
     -%

Deferred
tax assets and liabilities consist of the following:

 SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

    December
    31, 2024  
    December
    31, 2023 

    Net deferred tax assets: 

    Net operating
    loss carryforwards 
    $5,358,900  
    $4,718,000 
  
    Stock-based compensation 
     3,525,900  
     3,506,000 
  
    Goodwill 
     -  
     187,000 
  
    Research credits 
     -  
     342,000 
  
    Other Capitalized Costs 
     -  
     208,000 
  
    Operating
    lease liability 
     -  
     - 
  
    Gross deferred tax assets 
     8,884,800  
     8,961,000 
  
    Less:
    valuation allowance 
     (7,710,300) 
     (6,944,000)
  
    Total
    deferred tax assets 
     1,174,500  
     2,017,000 
  
    Deferred tax liabilities: 

    Derivative income 
     1,108,000  
     1,108,000 
  
    Fixed Assets 
     66,500  
     909,000 
  
    Operating
    lease right-of-use asset 
     -  
     - 
  
    Total deferred tax liabilities 
     1,174,500  
     2,017,000 

    Net deferred income
    tax assets (liabilities) 
    $-  
    $- 

    F-19

The
                                            provisions of ASC Topic 740, Accounting for Income Taxes, require an assessment of both positive
                                            and negative evidence when determining whether it is more likely than not that deferred tax
                                            assets are recoverable. For the years ended December 31, 2024 and