Company: RNGE
Filing Date: 2025-11-19
Form Type: 424B3
Source: 0001493152-25-024206
Chunk: 37

Company: RANGE IMPACT, INC.
Filing Date: 2025-11-19
Form: 424B3
Chunk 37
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 ended September 30, 2025 was $2,865,950 and its gross profit was $320,445. The Company’s revenue for the nine months ended September 30, 2024 was $8,431,286 and its gross loss was $523,003. The significant decrease in revenue is primarily a result of management’s decision to exit its coal mining business in 2024.

For the nine months ended September 30, 2025, general and administrative expenses were $1,562,743, compared to $2,115,542 incurred for the nine months ended September 30, 2024 (a decrease of $552,799). General and administrative expenses generally include corporate overhead, salaries and other compensation costs, financial and administrative contracted services, legal and audit fees, other professional and consulting fees, insurance, marketing, and travel expenses. The largest decrease in general and administrative expenses for the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024, was attributable to decreases in labor and benefit costs of $155,131, professional and legal fees of $119,060, and insurance costs of $160,559.

For the nine months ended September 30, 2025, the Company generated net other income in the amount of $4,910,363 compared net other expense of $4,195,826 recorded for the nine months ended September 30, 2024 (an increase of $9,106,189). During the nine months ended September 30, 2025, the Company recognized a gain on bargain purchase of $5,602,484, other income of $83,627 and a gain on sale of assets of $1,085 offset by a $560,402 deficiency claim on surrendered equipment and $216,431 of interest expense. During the nine months ended September 30, 2024 the Company had a loss on sale of fixed assets of $3,751,680 and interest expense of $496,322 offset by $52,176 of other income.

Net income for the nine months ended September 30, 2025 was $3,668,065 compared to a net loss of $7,359,859 for the nine months ended September 30, 2024 (an improvement of $11,027,924).

Liquidity and Capital Resources

As of September 30, 2025, the Company had total current assets of $800,842, comprised of