Company: RNGE
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001343
Chunk: 658

Company: RANGE IMPACT, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7
Chunk 658
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     2,655,970  
     4,021,556 
  
    Total operating expenses 
     2,655,970  
     4,021,556 

    Income (loss) from operations 
     (3,540,098) 
     2,213,253 

    Other Income/(Expense): 

    Gain on bargain purchase 
     -  
     1,875,150 
  
    Other income 
     63,170  
     - 
  
    Goodwill impairment 
     (751,421) 
     - 
  
    Fixed asset impairment 
     (738,913) 
     - 
  
    Loss on sale of fixed assets 
     (3,677,500) 
     - 
  
    Interest expense 
     (617,422) 
     (505,917)
  
    Interest income 
     7,405  
     7,458 
  
    Total other income (expense) 
     (5,714,681) 
     1,376,691 

    Income (loss) from continuing operations before
    income tax 
     (9,254,779) 
     3,589,944 
  
    Income tax expense attributable
    to continuing operations 
     (77,368) 
     - 
  
    Income (loss) from continuing
    operations 
     (9,332,147) 
     3,589,944 
  
    Loss from discontinued
    operations 
     (465,936) 
     (458,889)
  
    Net income (loss) 
    $(9,798,083) 
    $3,131,055 

The
Company’s revenue during the year ended December 31, 2024 was $9,011,081 compared to $19,346,306 for the year ended December
31, 2023 (a decrease of $10,335,225). During the year ended December 31, 2024, the gross loss was $(884,128) compared to gross
profit of $6,234,809 during the year ended December 31, 2023 (a decrease of $7,118,937). The significant reduction in revenue is
attributable to a decrease in revenues at Range Natural of $8,230,685 in 2024 compared to 202