Company: RNGE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023395
Chunk: 123

Company: RANGE IMPACT, INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 123
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 any reclamation, water treatment or security services to third-parties.

Reclamation
support services on mine sites includes grading, recontouring, revegetation, erosion control, and other activities necessary to meet
federal and state post-mining land use requirements. Water treatment services include the operation and maintenance of passive and active
treatment systems designed to manage and treat mine-impacted water, including acid mine drainage, in compliance with applicable environmental
permits. Range Services is also responsible for collecting water samples, coordinating testing with certified laboratories, and treating
water with chemicals and other more innovative solutions, such as the Company’s proprietary biochar water filtration products and
system currently in development. Range Services also provides physical site security, access control, and risk mitigation activities
to ensure the safety, compliance, and regulatory protection of the Company’s land assets.

Competition

The
Company is focused on a large and growing marketplace for impact investing initiatives, and therefore,  faces competition
from a variety of operating businesses and investment funds who are developing similar business plans and operating strategies to satisfy
the increasing demands of these types of investments in the marketplace. In many cases, these competitors are larger and better capitalized
operating businesses and investment funds.

The
Company competes on the basis of a number of factors, including our geographic focus on Appalachia, access to mission-driven energy-transition
capital, access to impact investing opportunities, strategic relationships with reclamation bond insurance companies, recruitment and
retention of key personnel, market share with key customers, and supply relationships with critical vendors. Our ability to continue
to compete effectively in our businesses will depend upon our ability to attract new employees and retain and motivate our existing employees.

21

Inflation

The Company has not incurred substantial costs increases driven by inflation.

Results
of Operations

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

The
Company’s revenue for the three months ended September 30, 2025 was $778,767 and its gross loss was $191,728. The Company’s
revenue for the three months ended September 30, 2024 was $2,171,655 and its gross loss was $392,928. The significant decrease in revenue
is primarily a result of management’s decision to exit its coal mining business in 2024.

For
the three months ended September 30, 2025, general and administrative expenses were $378,825, compared to $473,