Company: RNGE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023395
Chunk: 227

Company: RANGE IMPACT, INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 227
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,147 and (ii) long-term debt, net of current portion of $1,500,000. As of December 31,
2024, the Company had long-term assets of $1,899,669, comprised of (i) land of $1,008,897 and (ii) net equipment assets of $890,772.
As of December 31, 2024, the Company had long-term liabilities of $1,814,701, comprised of long-term debt, net of current portion.

Sources
of Capital

Based
on the Company’s current corporate strategy, we expect our general operating expenses to be partially offset by royalty
revenue generated from the mining activities of third-party contract miners on our land. Based on the Company’s current cash
balance of $285,388 and absence of a revolving credit line, the Company does not expect to have sufficient funds to operate its
business over the next 12 months without raising additional capital. 

22

Our
estimated total net cash flow for the 12-month period ending September 30, 2026 could decrease if we encounter unanticipated lower revenues
and higher expenses in connection with operating our business as presently planned. In addition, our estimates of the amount of cash
necessary to fund our business may prove to be too low, and we could spend our available financial resources much faster than we currently
expect. If we cannot raise the capital necessary to continue to develop our business, we will be forced to delay, scale back or eliminate
some or all of our proposed operations. If any of these were to occur, there is a substantial risk that our business would fail.

Until
such time as the Company is cash flow positive, we expect to continue funding our operations, at least in part, through equity and debt
financings. However, sources of additional funds may not be available when needed, on acceptable terms, or at all. If we issue equity
or convertible debt 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