Company: RNGE
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001343
Chunk: 881

Company: RANGE IMPACT, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9
Chunk 881
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From
time to time, the Company is involved in legal matters arising in the ordinary course of business. While the Company believes that such
matters are currently not material, there can be no assurance that matters arising in the ordinary course of business for which the Company
is, or could be, involved in litigation, will not have an adverse effect on its business, financial condition or results of operations.

13.
SEGMENT INFORMATION

ASC
280, “Segment Reporting” establishes standards for reporting information about operating segments on a basis consistent with
the Company’s internal organizational structure as well as information about services, categories, business segments and major
customers in financial statements. The Company has five reportable segments that are based on the following business units: (i) Range
Reclaim; (ii) Range Minerals; (iii) Range Water; (iv) Range Security; and (v) Range Land. As described in Note 2, the Company’s
Graphium Biosciences segment was reported as discontinued operations during the third quarter of 2024. As such, results of this segment
are excluded from the table below, which only reflects continuing operations for all periods presented. In accordance with the “Segment
Reporting” Topic of the ASC, the Company’s chief operating decision-maker has been identified as the Company’s Chief
Executive Officer, who reviews operating results to make decisions about allocating resources and assessing performance for the entire
Company. Existing guidance, which is based on a management approach to segment reporting, establishes requirements to report selected
segment information quarterly and to report annually entity-wide disclosures about products and services, major customers and the countries
in which the entity holds material assets and reports revenue. All material operating units qualify for aggregation under “Segment
Reporting” due to their similar customer base and similarities in (i) economic characteristics, (ii) nature of products and services,
and (iii) procurement, manufacturing and distribution processes.

    F-20

The
five reportable segments that result from applying the aggregation criteria are as follows:

    ●
    Range
    Reclaim – land reclamation, water restoration, and land repurposing

    ●
    Range
    Minerals – subcontracted mining and reclamation activities

    ●
    Range
    Water – biochar product development and water solutions business

    ●
    Range
    Security – security services on mine land being reclaimed and repurposed for non-fossil fuel uses

    ●
    Range
    Land – mine land being acquired