Company: RNGE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023395
Chunk: 40

Company: RANGE IMPACT, INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 40
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clamation costs and timing assumptions used in calculating AROs. Changes in estimates are
reflected in the period in which they occur. Actual costs may differ from those estimated due to changes in applicable laws and regulation,
inflation, post-mine land use changes, and the final scope of the reclamation and water restoration activities.

The
following table summarizes the changes in asset retirement obligations for the nine months ended September 30,
2025:

SCHEDULE
OF ASSET RETIREMENT OBLIGATION 

    Asset retirement obligations as of January 1, 2025 
    $- 

    Initial asset retirement obligations as of March 31, 2025 
     43,079,071 
  
    Accretion expense for the period 
     1,243,945 
  
    Sites removed during the period 
     (6,429,480)
  
    Sites added during the period 
     10,399,477 
  
    Expenditures during the period 
     (753,866)
  
    Total asset retirement obligations as of September 30, 2025 
    $47,539,147 
  
    Total asset retirement obligations 
    $47,539,147 

    12

Income
Taxes

The
Company follows the asset and liability method of accounting for income taxes. Under this method, deferred income tax assets and liabilities
are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their
respective income tax basis (temporary differences). The effect on deferred income tax assets and liabilities of a change in tax rates
is recognized as income (loss) in the period that includes the enactment date.

Leases

The
Company determines whether a contract is, or contains, a lease at inception. Right-of-use assets represent the Company’s right
to use an underlying asset during the lease term, and lease liabilities represent the Company’s obligation to make lease payments
arising from the lease. Right-of-use assets and lease liabilities are recognized at lease commencement based upon the estimated present
value of unpaid lease payments over the lease term. The Company uses its incremental borrowing rate based on the information available
at lease commencement in determining the present value of unpaid lease payments. As of September 30, 2025, the Company had no material
lease commitments for longer than one year.

Stock-Based
Compensation

The
Company periodically issues stock options and restricted stock awards to employees and non-employees in non-capital raising transactions