Company: RNGE
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024206
Chunk: 7

Company: RANGE IMPACT, INC.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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) in cash and cash equivalents 
     (118,974) 
     (2,053,087)

    Cash and cash equivalents - beginning of period 
     167,286  
     2,176,800 
  
    Cash and cash equivalents - end of period 
    $48,312  
    $123,713 

    Supplemental disclosure of cash flow information: 

    Cash paid during the period for: 

    Interest 
    $110,215  
    $251,348 

See
accompanying notes to the consolidated financial statements.

7

RANGE
IMPACT, INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

THREE
AND SIX MONTHS ENDED JUNE 30, 2025 AND 2024

(Unaudited)

1.
BUSINESS OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Range
Impact, Inc. (the “Company”, “we”, “us” or “our”), was incorporated in the State of Nevada
on June 29, 2007.

Originally
founded in 2007 as Legend Mining Inc., the Company began operations as a mineral extraction exploration business. In 2011, the Company
changed its name to Stevia First Corp. and pursued a new strategy focused on developing stevia-based additives for the food and beverage
industry. In 2015, the Company changed its name to Vitality Biopharma, Inc. and pursued a new strategy focused on developing cannabinoid-based
prodrugs anticipated to treat inflammatory conditions of the gastrointestinal tract. In October 2021, the Company changed its name to
Malachite Innovations, Inc. and expanded its corporate strategy to include impact investing.

In
May 2022, the Company acquired Range Environmental Resources, Inc., a West Virginia corporation (“Range Environmental”) and
Range Natural Resources, Inc., a West Virginia corporation (“Range Natural”) to provide land reclamation and water restoration
services to mining and non-mining customers throughout the Appalachian region. In August 2023, the Company acquired Collins Building
& Contracting, Inc., a West Virginia corporation (“Collins Building”), an environmental services business primarily focusing
on the reclamation of abandoned mine land sites in West Virginia, as described in more detail in Note 2.

In August 2023, the Company
acquired Collins Building & Contracting, Inc., a West Virginia corporation (“Collins Building”),