Company: RNGE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023395
Chunk: 228

Company: RANGE IMPACT, INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 228
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 pursuits, including investment banking fees, legal
fees and other related costs.

Net
Cash Provided By (Used In) Operating Activities

For
the nine months ended September 30, 2025, net cash generated by operating activities was $19,111, comprised of: (i) net income of $3,668,065;
(ii) non-cash depreciation of $150,381; (iii) non-cash accretion expense of $1,243,945; (iv) add-back of the non-cash bargain purchase
gain of $5,602,484; (v) a gain on asset disposals of $1,085; (vi) non-cash vested stock option expense of $168,980; (vii) deficiency
claims on returned equipment of $560,402; (viii) a decrease in current assets of $81,823; and (ix) a decrease in current liabilities
of $87,270. For the nine months ended September 30, 2024, net cash used in operating activities was $1,859,370, comprised of: (i) net
loss of $7,359,859; (ii) non-cash depreciation of $1,594,152; (iii) non-cash vested stock option expense of $60,970; (iv) net loss on
sale of equipment and disposition of business of $3,751,580 (iv) an increase in current assets of $2,697,231; and (v) a decrease in current
liabilities of $2,603,444.

Net
Cash Provided By (Used In) Investing Activities

For
the nine months ended September 30, 2025, net cash used in investing activities was $328,866, comprised of $525,000 of proceeds from
the sale of equipment, partially offset by $100,000 for equipment purchases and cash paid for asset retirement obligations of $753,866.
For the nine months ended September 30, 2024, net cash provided by investing activities was $430,100, comprised of $270,100 proceeds
from sales of assets and disposition of business, and $160,000 of insurance proceeds from a casualty loss.

Net
Cash Provieded by (Used In) Financing Activities

For
the nine months ended September 30, 2025, net cash provided by financing activities was $427,857, comprised of $1,150,000 from the