Company: RNGE
Filing Date: 2025-03-31
Form Type: 424B3
Source: 0001641172-25-001863
Chunk: 39

Company: RANGE IMPACT, INC.
Filing Date: 2025-03-31
Form: 424B3
Chunk 39
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 contract. The Company also invoices customers for the provision of environmental security services on an agreed-upon hourly rate for each project.

The Company recognizes revenue from contracts for financial reporting purposes over time. Progress toward completion of the Company’s contracts is measured by the percentage of cost incurred to date compared to estimated 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 within the near term.

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Income Taxes

In accordance with ASC 740, “Income Taxes” (“ASC 740”), we account for income taxes under the asset and liability method, whereby deferred tax assets and liabilities are determined based on temporary differences between the financial reporting and the tax bases of assets and liabilities and are measured using the currently enacted tax rates. Specifically, we measure gross deferred tax assets for deductible temporary differences and carryforwards, such as operating losses and tax credits, using the applicable enacted tax rates and apply the more likely than not measurement criterion. Further, at each interim reporting period, we estimate an effective income tax rate that is expected to be applicable for the full year. Significant judgment is involved regarding the application of income tax laws and regulations and when projecting the jurisdictional mix of income. Additionally, interpretation of tax laws, court decisions or other guidance provided by taxing authorities influences our estimate of the effective

Recent Accounting Pronouncements

Please refer to Footnote 1 of the accompanying financial statements for management’s discussion of recent accounting pronouncements.

Results of Operations

Years Ended December 31, 2024 and December 31, 2023

The following table sets forth our results of operations for the years ended December 31, 2024 and 2023.

|                                          |     |   |              Year 
             Ended 
 December 31, 2024 |   |     |   |              Year 
             Ended 
 December 31, 2023 |   |
|:-----------------------------------------|:----|:--|------------------:|:--|:----|:--|------------------:|:--|
| Revenues                                 |     | $ |         9,011,081 |   |     | $ |        19,346,306 |   |
| Cost of services                         |     |   |         9,895,209 |   |     |   |        13,111,497 |   |
| Gross profit/(