Company: RNGE
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024206
Chunk: 39

Company: RANGE IMPACT, INC.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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petition

Our
Company is focused on a large and growing marketplace for impact investing initiatives, and therefore, is anticipated to face competition
from a variety of operating businesses and investment funds who are developing similar business plans and operating strategies to satisfy
the increasing demands of these types of investments in the marketplace. In many cases, these competitors are larger and better capitalized
operating businesses and investment funds.

Our
Company competes on the basis of a number of factors, including our geographic focus on Appalachia, access to mission-driven energy-transition
capital, access to impact investing opportunities, strategic relationships with reclamation bond insurance companies, recruitment and
retention of key personnel, market share with key customers, and supply relationships with critical vendors. Our ability to continue
to compete effectively in our businesses will depend upon our ability to attract new employees and retain and motivate our existing employees.

21

Results
of Operations

Three
Months Ended June 30, 2025 and June 30, 2024

The
Company’s revenue for the three months ended June 30, 2025 was $1,391,482 and its gross profit was $508,322. The Company’s
revenue for the three months ended June 30, 2024 was $2,349,738 and its gross loss was $148,929. The significant decrease in revenue
is primarily a result of management’s decision to exit its coal mining business in 2024.

For
the three months ended June 30, 2025, general and administrative expenses were $624,771, compared to $697,699 for the three months ended
June 30, 2024 (a decrease of $72,928). 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 three months ended June 30, 2025 compared to
the three months ended June 30, 2024, was attributable to professional and legal fees of $108,446, labor and benefit costs of $35,212,
and insurance costs of $34,663, offset by an increase in stock option expense of $112,500.

For
the three months ended June 30, 2025, the Company incurred net other expense in the amount of $681,732 compared to $165,175 for the three
months ended June