Company: RNGE
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010872
Chunk: 131

Company: RANGE IMPACT, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 131
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 $53,240,251,
comprised of: (i) land, including asset retirement cost, of $52,648,968, (ii) net equipment assets of $585,669; and (iii) deposits of
$5,614. As of March 31, 2025, the Company had long-term liabilities of $44,842,220, comprised of (i) asset retirement obligations of $43,079,071 and (ii) long-term debt, net of current portion of $1,763,149. 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 substantially offset by royalty income generated by Range Land. Based on the Company’s current
cash balance of $252,695 and no current availability under its revolving credit line, the Company may not have sufficient funds to operate
its business over the next 12 months. If additional capital is needed in excess of our current capital resources, we will explore financing
options to accelerate the funding and execution of our growth strategy and shareholder value creation plan.

20

Our estimated total net cash flow
for the 12-month period ending March 31, 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