Company: RNGE
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024206
Chunk: 26

Company: RANGE IMPACT, INC.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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 operations” presented on the Company’s
Consolidated Statements of Operations:

SCHEDULE
OF DISCONTINUING OPERATIONS INCOME STATEMENT 

    3 Months Ended June 30, 2024  
    6 Months Ended June 30, 2024  

    Operating expenses: 

    Research and development 
    $157,278  
    $288,918 
  
    Total operating expenses 
     157,278  
     288,918 

    Loss from discontinued operations 
    $(157,278) 
    $(288,918)

5.
EQUITY

Issuance
of Common Stock

On
January 21, 2025, the Company entered into a securities purchase agreement for the issuance and sale of 3,333,333 shares of the Company’s
common stock at a price of $0.15 per share. The aggregate proceeds to the Company were approximately $500,000.

On
February 6, 2025, the Company entered into a securities purchase agreement for the issuance and sale of 555,556 shares of the Company’s
common stock at a price of $0.18 per share. The aggregate proceeds to the Company were approximately $100,000.

    15

6.
STOCK OPTIONS

Stock
options issued during the three months ended June 30, 2025 and the three months ended June 30, 2024

During
the three months ended June 30, 2025, the Company granted options to an officer and two directors to purchase 250,000 shares (each) of
the Company’s common stock with an exercise price of $0.148 per share that expire ten years from the date of grant. All options
vested upon grant. The fair value of the option award was estimated on the date of grant using the Black-Scholes-Merton Option Pricing
model based on the following assumptions: (i) volatility rate of 259.90%, (ii) discount rate of 3.75%, (iii) zero expected dividend yield,
and (iv) expected life of 10 years, which is the term of the options. The total fair value of the option grants at their grant dates
was approximately $37,500 each, for a total of $112,500 which was allocated to general and administrative expenses during the three months
ended June 30, 2025. In addition to the expense recorded for the new option awards, there