Company: RNGE
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010872
Chunk: 132

Company: RANGE IMPACT, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 132
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 securities to raise additional funds or to fund, in whole or in part, acquisitions in furtherance of our business
strategy, our existing stockholders may experience substantial dilution, and the new equity or debt securities may have rights, preferences
and privileges senior to those of our existing stockholders. If we incur additional debt, we would incur additional interest expenses,
and assuming those loans would be available, it would increase our liabilities and future cash commitments. Moreover, regardless of the
manner in which we seek to raise capital, we may incur substantial costs in those pursuits, including investment banking fees, legal
fees and other related costs.

Net Cash Provided By (Used In) Operating
Activities

For the three months ended March 31, 2025, net cash used in operating activities
was $(428,101), comprised of: (i) net income of $5,099,627; (ii) non-cash depreciation of $84,783; (iii) add-back of the non-cash bargain
purchase gain of $5,602,484; (iv) a gain on asset disposals of $59,680; (v) non-cash vested stock option expense of $4,490; (vi) an increase
in current assets of $206,256; and (vii) a decrease in current liabilities of $161,093. For the three months ended March 31, 2024, net
cash used in operating activities was $(1,113,045), comprised of: (i) net income of $(1,213,840); (ii) non-cash depreciation of $638,435;
(iii) non-cash vested stock option expense of $4,490; (iv) an increase in current assets of $827,087; and (v) a decrease in current liabilities
of $1,369,217,

Net Cash Provided By (Used In) Investing
Activities

For the three months ended March 31, 2025, net cash provided by investing
activities was $280,000, comprised of $380,000 of proceeds from the sale of equipment, partially offset by $100,000 for equipment purchases.
For the three months ended March 31, 2024, there was no net cash provided by or used in investing activities.

Net Cash Provided By (Used In) Financing
Activities

For the three months ended March 31, 2025, net cash provided by financing
activities was $233,510,