Company: RNGE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023395
Chunk: 44

Company: RANGE IMPACT, INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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) of segment profit or loss. In addition, this ASU requires disclosure, by segment, of other items included in the reported
measure(s) of segment profit or loss, including qualitative information describing the composition, nature and type of each item. This
ASU also expands disclosure requirements related to the CODM, including how the reported measure(s) of segment profit or loss are used
to assess segment performance and allocate resources, and the method used to allocate overhead for significant segment expenses. All
current required annual segment reporting disclosures under Topic 280 are now effective for interim periods. The ASU is effective for
fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early
adoption permitted. The Company has adopted this ASU. The Company will continue to evaluate its segment disclosures in future reporting
periods to ensure continued compliance with evolving accounting guidance and disclosure best practices.

In
December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures”. This ASU
enhances income tax disclosures by providing information to better assess how an entity’s operations, related tax risks, tax planning
and operational opportunities affect its tax rate and prospects for future cash flows. This ASU requires additional disclosures to the
annual effective tax rate reconciliation including specific categories and further disaggregated reconciling items that meet the quantitative
threshold. Additionally, this ASU requires disclosures relating to income tax expense and payments made to federal, state, local and
foreign jurisdictions. This ASU is effective for fiscal years beginning after December 15, 2024. The Company will make the requisite
updates in the notes to the annual financial statements for the fiscal year ending December 31, 2025.

In
November 2024, the FASB issued ASU 2024-03, “Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures
(Subtopic 220-40): Disaggregation of Income Statement Expenses”. This guidance requires tabular footnote disclosure of certain
operating expenses disaggregated into categories, such as employee compensation, depreciation, and intangible asset amortization, included
within each interim and annual income statement’s expense caption, as applicable. The effective date of this guidance is for fiscal
years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 202