Company: RNGE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023395
Chunk: 61

Company: RANGE IMPACT, INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 61
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051, and insurance costs of $7,538.

For
the three months ended September 30, 2025, the Company incurred net other expense in the amount of $62,828 compared to $3,873,498 for
the three months ended September 30, 2024 (a decrease of $3,810,670). This decrease in net other expense was attributable to the loss
on sale of assets, including those related to Collins Building in 2024 of $3,751,680 and lower interest expense of $117,159.

Net
loss for the three months ended September 30, 2025 was $633,381 compared to a net loss of $4,920,338 for the three months ended September
30, 2024 (an improvement of $4,286,957).

Nine
Months Ended September 30, 2025 and September 30, 2024

The
Company’s revenue for the nine months ended September 30, 2025 was $2,865,950 and its gross profit was $320,445. The Company’s
revenue for the nine months ended September 30, 2024 was $8,431,286 and its gross loss was $523,003. The significant decrease in revenue
is primarily a result of management’s decision to exit its coal mining business in 2024.

For
the nine months ended September 30, 2025, general and administrative expenses were $1,562,743, compared to $2,115,542 incurred for
the nine months ended September 30, 2024 (a decrease of $552,799). General and administrative expenses generally include corporate
overhead, salaries and other compensation costs, financial and administrative contracted services, legal and audit fees, other
professional and consulting fees, insurance, marketing, and travel expenses. The largest decrease in general and administrative
expenses for the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024, was attributable to
decreases in labor and benefit costs of $155,131, professional and legal fees of $119,060, and insurance costs of
$160,559.

For
the nine months ended September 30, 2025, the Company generated net other income in the amount of $4,910,363 compared net other
expense of $4,195,826 recorded for the nine months ended September 30, 2024