Company: RNGE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023395
Chunk: 99

Company: RANGE IMPACT, INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 99
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 total costs for each contract. This method is
used because management considers total cost to be the best available measure of progress on contracts. Because of inherent uncertainties
in estimating costs, it is at least reasonably possible that the estimates used will change significantly over the course of the contract’s
performance.

Revenue
earned over time compared to a point in time is as follows for the three and nine months ended September 30, 2025 and 2024.

SCHEDULE
OF REVENUE EARNED OVERTIME COMPARED TO A POINT IN TIME 

    Three Months
                                                                                Ended September 30, 2025  
    Three Months
                                                                                Ended September 30, 2024 

    Earned over time 
    $-  
    $13,572 
  
    Point in time 
     778,767  
     2,158,083 
  
    Total revenue 
     778,767  
     2,171,655 

    Nine Months
                                                                                Ended September 30, 2025  
    Nine Months
                                                                                Ended September 30, 2024 

    Earned over time 
    $-  
    $2,063,407 
  
    Point in time 
     2,865,950  
     6,367,879 
  
    Total revenue 
     2,865,950  
     8,431,286 

Cost
of Services

Contract
costs include all direct labor, materials, subcontractor, and equipment costs and those indirect costs related to contract performance,
such as indirect labor, tools and supplies. For construction contracts, costs are generally recognized as incurred. Under certain circumstances,
costs incurred in the period related to future activity on contracts may be capitalized.

Costs
incurred that do not contribute to satisfying performance obligations are excluded from the cost input calculation for revenue recognition.
Excluded costs include both uninstalled materials and abnormal costs. Abnormal costs comprise wasted materials, wasted or rework labor
and other resources to fulfill a contract that were not reflected in the price of the contract. A limited allowance for material overages
and labor inefficiencies is typically included in our contract costs estimates (and by extension, in the contract price).

Cash
and Cash Equivalents

The
Company considers all highly liquid investments with an original maturity of three months or less at the date of acquisition to be cash
equivalents. From time to time, the Company’s