Company: RNGE
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024206
Chunk: 6

Company: RANGE IMPACT, INC.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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    Gain on bargain purchase 
     (5,602,484) 
     - 
  
    Net gain on asset disposals 
     (25,668) 
     - 
  
    Deficiency claims on returned equipment 
     560,402  
     - 
  
    Fair value of vested stock options 
     168,980  
     56,480 
  
    Depreciation 
     125,043  
     1,276,872 
  
    Accretion on asset retirement obligations 
     524,033  
     - 
  
    Changes in operating assets and liabilities: 

    Accounts receivable 
     (6,653) 
     2,796,626 
  
    Contract assets 
     154,354  
     (1,127,652)
  
    Inventory 
     -  
     (725,429)
  
    Prepaid expenses and other current assets 
     (38,639) 
     73,121 
  
    Deposits 
     (5,137) 
     150,000 
  
    Accounts payable 
     (53,416) 
     (1,677,147)
  
    Accrued expenses 
     11,746  
     (46,881)
  
    Net cash provided by (used in) operating activities 
     114,007  
     (1,663,531)

    Cash flows from investing activities: 

    Cash paid for asset retirement obligations 
     (415,338) 
     - 
  
    Equipment purchases 
     (100,000) 
     - 
  
    Proceeds from asset sales 
     404,500  
     - 
  
    Net cash (used in) investing activities 
     (110,838) 
     - 

    Cash flows from financing activities: 

    Proceeds from stock issuance 
     600,000  
     1,000,000 
  
    Repayment of line of credit 
     (200,000) 
     (200,000)
  
    Repayment of long-term debt 
     (522,143) 
     (1,189,556)
  
    Net cash (used in) financing activities 
     (122,143) 
     (389,556)

    Net (decrease