Company: RNGE
Filing Date: 2025-11-19
Form Type: 424B3
Source: 0001493152-25-024206
Chunk: 15

Company: RANGE IMPACT, INC.
Filing Date: 2025-11-19
Form: 424B3
Chunk 15
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| Less: Billings to date                  |     |                   | (1,360,120 | ) |
| Total contract assets                   |     | $                 |    154,354 |   |

|                                                                             |     | December 31, 2024 |         |
|:----------------------------------------------------------------------------|:----|:------------------|--------:|
| Costs and estimated earnings in excess of billings on contracts in progress |     | $                 | 154,354 |
| Billings in excess of costs and estimated earnings on contracts in progress |     |                   |       - |
| Net contract assets                                                         |     | $                 | 154,354 |

Equipment Held for Sale

Following the completion of specific projects in the fourth quarter of 2024, management concluded that certain equipment would no longer be required for future projects. Consequently, these items were separated and prepared for sale. It is not yet known whether there will be a gain or loss on the disposal of the equipment held for sale, but management believes the equipment assets are currently held at fair value. The Company recorded an impairment loss of $738,913 as of December 31, 2024. These assets are reported within the Range Services operating business segment. In August of 2025, these assets were returned to the equipment manufacturer who held loans against the equipment. It is expected that these assets will be sold in the fourth quarter of 2025 and any gain or loss on the disposal will be recognized in the period in which the sale is completed.

Land

Land is carried at cost, which includes an amount of asset retirement costs equal to the amount of asset retirement obligations recognized in connection with the Fola Acquisition. The Company assesses the recoverability of its land by determining whether the cost of the land can be recovered through projected future cash flows generated by the land. No land was identified for impairment. Land is reported within the Range Land operating business segment. Refer to Note 3 for more details.

| 11 |

Property & Equipment

Property and equipment is carried at cost. Expenditures for maintenance and repairs are charged to cost of services. Additions and betterments are capitalized. The cost and related accumulated depreciation of equipment sold or otherwise disposed of are removed from the accounts and any gain or loss is reflected in the current year’s earnings.

SCHEDULE OF PROPERTY AND EQUIPMENT

|                          |     |   | September 30, 2025 |   |     |   | December 31, 2024 |   |
|:-------------------------|