Company: RNGE
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024206
Chunk: 43

Company: RANGE IMPACT, INC.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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 income of
$4,301,446; (ii) non-cash depreciation of $125,043; (iii) non-cash accretion expense of $524,033; (iv) add-back of the non-cash
bargain purchase gain of $5,602,484; (v) a gain on asset disposals of $25,668; (vi) non-cash vested stock option expense of
$168,980; (vii) a decrease in current assets of $103,925; and (vii) a decrease in current liabilities of $41,670. For the six months
ended June 30, 2024, net cash used in operating activities was $(1,663,531), comprised of: (i) net loss of $2,439,521; (ii)
non-cash depreciation of $1,276,872; (iii) non-cash vested stock option expense of $56,480; (iv) a decrease in current assets of
$1,016,666; and (v) a decrease in current liabilities of $1,574,028.

Net
Cash Provided By (Used In) Investing Activities

For
the six months ended June 30, 2025, net cash used in investing activities was $110,838, comprised of $404,500 of proceeds from the sale
of equipment, partially offset by $100,000 for equipment purchases and cash paid for asset retirement obligations of $415,338. For the
six months ended June 30, 2024, there was no net cash provided by or used in investing activities.

Net
Cash Used In Financing Activities

For
the six months ended June 30, 2025, net cash used in financing activities was $122,143, comprised of $600,000 from the sale of common
stock, offset by the repayment of long-term debt of $522,143 and repayment of bank debt of $200,000. For the six months ended June 30,
2024, net cash used in financing activities was $389,556, comprised $1,000,000 from the sale of common stock offset by the repayment
of long-term debt of $1,189,556 and repayment of the bank debt of $200,000.

Off-Balance
Sheet Arrangements

We
have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial
condition