RANGE IMPACT, INC. 10-Q

Item 1. Financial Statements (Unaudited) RANGE IMPACT, INC. CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) CONSOLIDATED BALANCE SHEETS AS OF SEPTEMBER 30, 2025 (UNAUDITED) AND DECEMBER 31, 2024 4 CONSOLIDATED UNAUDITED STATEMENTS OF OPERATIONS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2025 AND SEPTEMBER 30, 2024 5 CONSOLIDATED UNAUDITED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2025 AND SEPTEMBER 30, 2024 6 CONSOLIDATED UNAUDITED STATEMENTS OF CASH FLOWS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025 AND SEPTEMBER 30, 2024 7 NOTES TO THE CONSOLIDATED UNAUDITED FINANCIAL STATEMENTS 8 3 RANGE IMPACT, INC. CONSOLIDATED BALANCE SHEETS September 30, 2025 (unaudited) December 31, 2024 Assets Current Assets Cash and cash equivalents $ 285,388 $ 167,286 Accounts receivable 447,162 3,209,070 Contract assets - 154,354 Prepaid expenses 52,897 28,723 Deposits 15,395 - Equipment held for sale - 733,613 Total current assets 800,842 4,293,046 Long-term Assets Land 56,618,965 1,008,897 Property and equipment, net of accumulated depreciation 135,285 890,772 Total long-term assets 56,754,250 1,899,669 Total Assets $ 57,555,092 $ 6,192,715 Liabilities and Stockholders’ Equity Current Liabilities Line of credit $ - $ 2,000,000 Current portion of long-term debt - 789,719 Current portion of bank debt 300,000 - Accounts payable 499,211 556,562 Accrued expenses 1,895,284 197,328 Total current liabilities 2,694,495 3,543,609 Long-term Liabilities Bank debt, net of current portion 1,500,000 - Long-term debt, net of current portion - 1,814,701 Asset retirement obligation 47,539,147 - Total long-term liabilities 49,039,147 1,814,701 Total liabilities 51,733,642 5,358,310 Stockholders’ Equity Common stock, par value $ 0.001 per share; 1,000,000,000 shares authorized; 112,282,745 and 104,727,189 shares issued and outstanding, respectively 112,283 104,727 Additional paid-in-capital 58,920,984 57,609,560 Accumulated deficit ( 53,211,817 ) ( 56,879,882 ) Total stockholders’ equity 5,821,450 834,405 Total Liabilities and Stockholders’ Equity $ 57,555,092 $ 6,192,715 See accompanying notes to the consolidated financial statements. 4 RANGE IMPACT, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) Three Months Ended September 30, Nine Months Ended September 30, 2025 2024 2025 2024 Revenues $ 778,767 $ 2,171,655 $ 2,865,950 $ 8,431,286 Cost of services 970,495 2,564,583 2,545,505 8,954,289 Gross profit (loss) ( 191,728 ) ( 392,928 ) 320,445 ( 523,003 ) Operating expenses: General and administrative 378,825 473,942 1,562,743 2,115,542 Total operating expenses 378,825 473,942 1,562,743 2,115,542 Profit (loss) from operations ( 570,553 ) ( 866,870 ) ( 1,242,298 ) ( 2,638,545 ) Other income (expense): Other income - 33,586 83,627 52,176 Gain on bargain purchase - - 5,602,484 - Gain (loss) on sale of fixed assets ( 24,583 ) ( 3,751,680 ) 1,085 ( 3,751,680 ) Deficiency claim on returned equipment - - ( 560,402 ) - Interest expense ( 38,245 ) ( 155,404 ) ( 216,431 ) ( 496,322 ) Total other income (expense) ( 62,828 ) ( 3,873,498 ) 4,910,363 ( 4,195,826 ) Income (loss) from continuing operations ( 633,381 ) ( 4,740,368 ) 3,668,065 ( 6,834,371 ) Loss from discontinued operations - ( 177,015 ) - ( 465,933 ) Income tax expense - 2,955 - 59,555 Net income (loss) $ ( 633,381 ) $ ( 4,920,338 ) $ 3,668,065 $ ( 7,359,859 ) Net profit (loss) per share – basic and diluted $ ( 0.01 ) $ ( 0.05 ) $ 0.03 $ ( 0.07 ) Weighted average number of common shares outstanding – basic and diluted 108,094,100 103,148,561 107,446,519 102,442,788 See accompanying notes to the consolidated financial statements. 5 RANGE IMPACT, INC. CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (Unaudited) Three Months Ended September 30, 2025 Common Stock Additional Number of Shares Amount Paid-in Capital Accumulated Deficit Total Balance as of June 30, 2025 108,616,078 $ 108,616 $ 58,374,651 $ ( 52,578,436 ) $ 5,904,831 Shares issued 3,666,667 3,667 546,333 - 550,000 Stock based compensation - - - - - Net loss - - - ( 633,381 ) ( 633,381 ) Balance as of September 30, 2025 (Unaudited) 112,282,745 $ 112,283 $ 58,920,984 $ ( 53,211,817 ) $ 5,821,450 Three Months Ended September 30, 2024 Common Stock Additional Number of Shares Amount Paid-in Capital Accumulated Deficit Total Balance as of June 30, 2024 104,727,189 $ 104,727 $ 57,600,580 $ ( 49,521,320 ) $ 8,183,987 Shares issued - - - - - Stock based compensation - - 4,490 - 4,490 Net loss - - - ( 4,920,338 ) ( 4,920,338 ) Balance as of September 30, 2024 (Unaudited) 104,727,189 $ 104,727 $ 57,605,070 $ ( 54,441,658 ) $ 3,268,139 Nine Months Ended September 30, 2025 Common Stock Additional Number of Shares Amount Paid-in Capital Accumulated Deficit Total Balance as of December 31, 2024 104,727,189 $ 104,727 $ 57,609,560 $ ( 56,879,882 ) $ 834,405 Shares issued for cash 7,555,556 7,556 1,142,444 - 1,150,000 Stock based compensation - - 168,980 - 168,980 Net profit - - - 3,668,065 3,668,065 Balance as of September 30, 2025 112,282,745 $ 112,283 $ 58,920,984 $ ( 53,211,817 ) $ 5,821,450 Nine Months Ended September 30, 2024 Common Stock Additional Number of Shares Amount Paid-in Capital Accumulated Deficit Total Balance as of December 31, 2023 101,023,485 $ 101,023 $ 56,547,804 $ ( 47,081,799 ) $ 9,567,028 Balance 101,023,485 $ 101,023 $ 56,547,804 $ ( 47,081,799 ) $ 9,567,028 Shares issued for cash 3,703,704 3,704 996,296 - 1,000,000 Stock based compensation - - 60,970 - 60,970 Net loss - - - ( 7,359,859 ) ( 7,359,859 ) Net profit (loss) - - - ( 7,359,859 ) ( 7,359,859 ) Balance as of September 30, 2024 104,727,189 $ 104,727 $ 57,605,070 $ ( 54,441,658 ) $ 3,268,139 Balance 104,727,189 $ 104,727 $ 57,605,070 $ ( 54,441,658 ) $ 3,268,139 See accompanying notes to the consolidated financial statements. 6 RANGE IMPACT, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) 2025 2024 Nine Months Ended September 30, 2025 2024 Cash flows from operating activities: Net income (loss) $ 3,668,065 $ ( 7,359,859 ) Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Gain on bargain purchase ( 5,602,484 ) - Net gain on asset disposals ( 1,085 ) - Deficiency claims on returned equipment 560,402 - Net loss on Collins Building disposal - 3,043,799 Net loss on sale of assets - 707,881 Gain on disposition of business - ( 100 ) Fair value of vested stock options 168,980 60,970 Depreciation 150,381 1,594,152 Accretion on asset retirement obligations 1,243,945 - Changes in operating assets and liabilities: Accounts receivable ( 219,421 ) 3,024,835 Unbilled receivables 22,813 26,800 Contract assets 154,354 ( 449,729 ) Prepaid expenses and other current assets ( 24,174 ) 85,349 Deposits ( 15,395 ) 1,442 Accounts payable ( 57,351 ) ( 2,614,262 ) Accrued expenses ( 29,919 ) 10,818 Deposits from discontinued operations - 8,534 Net cash provided by (used in) operating activities 19,111 ( 1,859,370 ) Cash flows from investing activities: Cash paid for asset retirement obligations ( 753,866 ) - Equipment purchases ( 100,000 ) - Proceeds from asset sales 525,000 270,000 Net insurance proceeds from casualty loss - 160,000 Net proceeds from disposition of Graphium Biosciences - 100 Net cash provided by (used in) investing activities ( 328,866 ) 430,100 Cash flows from financing activities: Issuance of shares for cash 1,150,000 1,000,000 Repayment of line of credit ( 200,000 ) ( 300,000 ) Repayment of long-term debt ( 522,143 ) ( 1,202,944 ) Net cash provided by (used in) financing activities 427,857 ( 502,944 ) Net increase (decrease) in cash and cash equivalents 118,102 ( 1,932,214 ) Cash and cash equivalents - beginning of period 167,286 2,176,800 Cash and cash equivalents - end of period $ 285,388 $ 244,586 Supplemental disclosure of cash flow information: Cash paid during the period for: Interest $ 148,810 $ 43,303 Supplemental schedule of Non-Cash Investing and Financing Activities: Conversion of line of credit and short term note to bank term loan $ 1,800,000 - Debt reduction from equipment returned to lender $ 914,803 - Debt forgiveness related to Collins Building asset disposal $ - $ 2,940,836 See accompanying notes to the consolidated financial statements. 7 RANGE IMPACT, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024 (Unaudited) 1. BUSINESS OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Range Impact, Inc. (the “Company”, “we”, “us” or “our”), was incorporated in the State of Nevada on June 29, 2007. Since inception, the Company has undergone several strategic transformations conducting prior operations under the names Legend Mining Inc., Stevia First Corp., Vitality Biopharma, Inc., and Malachite Innovations, Inc. In December 2023, the Company adopted its current name and reorganized into six operating segments: Range Reclaim, Range Water, Range Security, Range Land, Range Minerals, and Graphium Biosciences. The Company expanded its environmental services operations through the acquisitions of Range Environmental Resources, Inc. and Range Natural Resources, Inc. in May 2022, and Collins Building & Contracting, Inc. in August 2023. The Company subsequently sold substantially all of the assets of Collins Building in August 2024 and divested Graphium Biosciences, Inc. in September 2024, as described in more detail in Note 4. As of June 2025, the Company conducts its business under two operating segments: Range Land and Range Services. Significant land and asset acquisitions include: ● Hobet Mine Acquisition (September 2023): The Company acquired 1,745 acres of surface and mineral interests in Lincoln and Boone Counties, West Virginia, for a total cash purchase price of $ 948,376 . ● Fola Mine Acquisition (March 2025): The Company acquired 120,154 acres of fee, surface, and mineral interests at the Fola Mine Complex in Clay and Nicholas Counties, West Virginia (the “Fola Acquisition”). The acquisition included 15 mining permits with an estimated reclamation obligation of $ 29.3 million and assumed management responsibility for 21 additional mining permits with a $ 13.8 million reclamation bond. The Company also assumed two coal royalty contracts, and a 25-year lease for a large-scale solar project. The Fola Acquisition is described in more detail in Note 3. ● Ramp Run Mine Transaction (May 2025): The Company entered into a Transaction Advisory Agreement (“Advisory Agreement”) with AppleAtcha Land, LLC (“AppleAtcha”) and WV Reclaim Co, LLC (“Reclaim”), pursuant to which AppleAtcha and Reclaim agreed to pay the Company $ 750,000 and $ 25,000 , respectively (collectively, the “Advisory Fee”) in connection with the Company’s purchase of (i) approximately 424.80 acres of surface interests and 3,773.60 acres of mineral interests and (ii) three (3) related mining permits ((i) and (ii) collectively referred to herein as the “Ramp Run Mine”). ● Winoc Acquisition (June 2025): The Company acquired two mining permits and assumed an associated coal lease at the Fola Mine (the “Winoc Acquisition”), recognizing an asset retirement obligation of $ 10,399,477 and derecognizing a reclamation bond obligation of $ 5,184,920 . Going Concern The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. As reflected in the accompanying financial statements, during the nine months ended September 30, 2025, the Company incurred a net loss of $ 1,934,419 (net of the gain on bargain purchase of $ 5,602,484 related to the Fola Acquisition) and generated $ 19,111 of cash in the Company’s operating activities, and has an accumulated deficit of $ 53,211,817 . These factors raise substantial doubt about the Company’s ability to continue as a going concern within one year of the date that the accompanying financial statements are issued. The accompanying financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern. The ability to continue as a going concern is dependent on the Company attaining and maintaining profitable operations in the future and/or raising additional capital to meet its obligations and repay its liabilities arising from normal business operations when they come due. The Company is actively seeking additional financing and other sources of capital to fund its currently estimated level of operations. However, these estimates could differ from actual capital needs if the Company’s business encounters unanticipated difficulties, or if its estimates of the amount of cash necessary to operate its business prove to be wrong, and the Company uses its available financial resources faster than it currently expects. No assurance can be given that any future financing or capital, if needed, will be available or, if available, that it will be on terms that are satisfactory to the Company. Additionally, even if the Company does raise sufficient capital to support its operating expenses and generate revenues, there can be no assurances that the revenue will be sufficient to enable it to develop business to a level where it will generate profits and cash flows from operations. 8 Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles (GAAP) and with the instructions to Form 10-K and Article 8 of Regulation S-X. The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries: CLV Azurite Land LLC, Collins Building & Contracting, Inc., Graphium Biosciences, Inc. (sold in September 2024 and included in discontinued operations in 2024), Range Environmental Resources, Inc., Range Land, LLC, Range Minerals, LLC, Range Natural Resources, Inc., Range Reclaim, LLC, Range Rock Creek Land, LLC, Range Security, LLC, Range Security Resources, LLC, Range Sky View Land, LLC, Range Water, LLC, and Terra Preta, LLC, and have been prepared in accordance with accounting principles generally accepted in the United States of America. Intercompany balances and transactions have been eliminated in consolidation. Reclassifications Certain prior period amounts have been reclassified to conform with the current period’s presentation. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates. Discontinued Operations During the third quarter of 2024, the Company sold its wholly-owned subsidiary Graphium Biosciences, Inc. In accordance with GAAP, assets and liabilities of discontinued operations are presented separately in the Consolidated Balance Sheets, and results of discontinued operations are reported as a separate component of consolidated net loss or net income in the Consolidated Statements of Operations, for all periods presented, resulting in changes to the presentation of certain prior period amounts. Refer to Note 4 for additional discussion of discontinued operations and disposition of assets. All other notes to these consolidated financial statements present the results of continuing operations and exclude amounts related to discontinued operations for all periods presented. Business Combinations Business combinations are accounted for using the purchase method of accounting under ASC 805, “Business Combinations”. This method requires the Company to record assets and liabilities of the businesses acquired at their estimated fair values as of the acquisition date. Any excess of the cost of the acquisition over the fair value of the net assets acquired is recorded as goodwill. Any excess of the fair value of the net assets acquired over the cost of the acquisition is accounted for as a bargain purchase gain. Determining the fair value requires management to make estimates and assumptions including discount rates, rates of return on assets, and long-term sales growth rates. Revenue Recognition The Company recognizes revenue under ASC 606, “Revenue from Contracts with Customers”. The core principle of the ASC 606 revenue standard is that a company should recognize revenue by analyzing the following five steps: (1) identify the contract with the customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations in the contract; and (5) recognize revenue when (or as) each performance obligation is satisfied. Since the Fola Acquisition in March 2025, the Company’s revenues primarily consist of royalty payments from third-party contract miners based on the sale of coal mined on our land. Prior to the Fola Acquisition discussed above, the Company invoiced customers and recognized revenue on a periodic basis for equipment and labor hours provided to a customer on a particular job based on an agreed-upon hourly rate sheet or a fixed amount for a project. The Company also invoiced customers and recognized revenue for equipment mobilization fees and materials and supplies required to complete a project. The Company invoiced for the sales of chemicals, stone and other products and recognized revenue when the products were delivered to the customer’s designated site or when control of these products was transferred to its customers, in an amount that reflected the consideration the Company expected to be entitled to in exchange for those products. Sales taxes and other taxes that the Company collects concurrently with revenue producing activities are excluded from revenue. Costs for equipment, labor and chemicals are generally expensed as incurred since the projects are generally short-term and not subject to a contract. The Company also invoiced customers for the provision of environmental security services at an agreed-upon hourly rate for each project. All revenue is recognized at a point in time. Beginning in 2024, the Company recognizes revenue on reclamation contracts over time as performance obligations are satisfied due to the continuous transfer of control to the customer. The Company’s contracts are generally accounted for as a single performance obligation since the Company is providing a significant service of integrating components into a single project. The Company recognizes revenue using a cost-based input method by which actual costs incurred relative to total estimated contract costs determine, as a percentage, progress toward contract completion. This percentage is applied to the contract price to determine the amount of revenue to recognize. The Company believes the cost-based input method is the most faithful depiction of performance because it directly measures the value of the services transferred to the customer. Contract Estimates Due to the nature of the Company’s performance obligations, the estimation of total revenue and cost at completion is subject to many variables and requires significant judgment. Since a significant change in one or more of these variables could affect the profitability of contracts, the Company reviews and updates contract-related estimates regularly through a review process in which the Company reviews the progress and execution of performance obligations and the estimated cost at completion. The Company recognizes adjustments in estimated profit on contracts under the cumulative catch-up method. Under this method, the impact of the adjustment on profit recorded to date is recognized in the period the adjustment is identified. Revenue and profit in future periods of contract performance is recognized using the adjusted estimate. If at any time the estimate of contract profitability indicates an anticipated loss on the contract, a provision for the entire loss is recognized in the period it is identified. 9 Contract Modifications Contract modifications can occur during the performance of the Company’s contracts. Contracts may be modified to account for changes in contract specifications or requirements. In most instances, contract modifications are for goods or services that are not distinct, and, therefore, are accounted for as part of the existing contract. Cost and Expense Recognition Contract costs include all direct labor, materials, equipment mobilization, subcontractor, and equipment costs, and those indirect costs related to contract performance, such as indirect labor, tools and supplies. Costs are recognized as incurred. 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 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 cash account balances exceed the balances covered by the Federal Deposit Insurance Corporation. The Company has never suffered a loss due to such excess balances. 10 Accounts Receivable Included as a component of accounts receivable are contract receivables that represent the Company’s unconditional right, subject only to the passage of time, to receive consideration arising from performance obligations under reclamation contracts with customers. Billed contract receivables have been invoiced to customers based on contracted amounts. There were contract receivables of $ 0 and $ 154,354 at September 30, 2025 and December 31, 2024, respectively. Trade accounts receivable are stated at the amount management expects to collect from the balances outstanding as of September 30, 2025 or December 31, 2024 in the consolidated balance sheets. Based on management’s assessment, it has concluded that losses on balances outstanding as of those dates will be immaterial and therefore, no allowances were recorded for the nine months ended September 30, 2025 or the nine months ended September 30, 2024. Accounts receivable were $ 447,162 and $ 3,209,070 at September 30, 2025 and December 31, 2024, respectively. No credit loss expense was accrued in either the nine months ended September 30, 2025 or the nine months ended September 30, 2024 and there is no allowance for expected credit losses as of September 30, 2025 or December 31, 2024. Contract Assets Billing practices are governed by the contract terms of each project based upon costs incurred, achievement of milestones or predetermined schedules. Billings do not necessarily correlate with revenue recognized over time using the percentage-of-completion method. Contract assets include unbilled amounts typically resulting from revenue under long-term contracts when the percentage-of-completion method of revenue recognition is utilized, and revenue recognition exceeds the amount billed to the customer. The Company’s contract assets are reported on a contract-by-contract basis at the end of each reporting period. The Company classifies contract assets as current or noncurrent based on whether the revenue is expected to be recognized sooner or later than one year from the balance sheet date. Details of contract assets arising from reclamation contracts in process as of December 31, 2024 are as follows. The Company did not have any active abandoned mine land projects as of September 30, 2025 therefore no contract assets were recognized on that date. SCHEDULE OF CONTRACT ASSETS December 31, 2024 Costs incurred on contracts in progress $ 1,513,306 Estimated earnings 1,168 Revenue earned on contracts in progress 1,514,474 Less: Billings to date ( 1,360,120 ) Total contract assets $ 154,354 December 31, 2024 Costs and estimated earnings in excess of billings on contracts in progress $ 154,354 Billings in excess of costs and estimated earnings on contracts in progress - Net contract assets $ 154,354 Equipment Held for Sale Following the completion of specific projects in the fourth quarter of 2024, management concluded that certain equipment would no longer be required for future projects. Consequently, these items were separated and prepared for sale. It is not yet known whether there will be a gain or loss on the disposal of the equipment held for sale, but management believes the equipment assets are currently held at fair value. The Company recorded an impairment loss of $ 738,913 as of December 31, 2024. These assets are reported within the Range Services operating business segment. In August of 2025, these assets were returned to the equipment manufacturer who held loans against the equipment. It is expected that these assets will be sold in the fourth quarter of 2025 and any gain or loss on the disposal will be recognized in the period in which the sale is completed. Land Land is carried at cost, which includes an amount of asset retirement costs equal to the amount of asset retirement obligations recognized in connection with the Fola Acquisition. The Company assesses the recoverability of its land by determining whether the cost of the land can be recovered through projected future cash flows generated by the land. No land was identified for impairment. Land is reported within the Range Land operating business segment. Refer to Note 3 for more details. 11 Property & Equipment Property and equipment is carried at cost. Expenditures for maintenance and repairs are charged to cost of services. Additions and betterments are capitalized. The cost and related accumulated depreciation of equipment sold or otherwise disposed of are removed from the accounts and any gain or loss is reflected in the current year’s earnings. SCHEDULE OF PROPERTY AND EQUIPMENT September 30, 2025 December 31, 2024 Equipment $ 637,173 $ 3,433,543 Accumulated depreciation ( 501,888 ) ( 2,542,771 ) Net book value 135,285 890,772 Depreciation expense $ 150,381 $ 1,868,997 The Company provides for depreciation of its property and equipment using the straight-line method for both financial reporting and federal income tax purposes over the estimated six 6 -year useful lives of the assets. The Company assesses the recoverability of its property and equipment by determining whether the depreciation of the assets over their remaining lives can be recovered through projected future cash flows generated by the assets. There were no assets identified for impairment as of September 30, 2025. These assets are reported within the Range Services operating business segment. Asset Retirement Obligations The Company recognizes asset retirement obligations (“AROs”) in accordance with ASC 410, “Asset Retirement and Environmental Obligations.” These obligations relate primarily to the Company’s legal and regulatory requirements to perform reclamation, closure, and environmental remediation activities at coal mining sites currently under management by the Company. Under federal and state mining laws, including the Surface Mining Control and Reclamation Act of 1977 (“SMCRA”), the Company is required to restore land and water resources disturbed by coal mining activities to their original or approved alternative condition. AROs are recognized when the legal obligation is incurred, generally at the time mining activity commences or when the Company assumes responsibility for a previously disturbed mine site. The Company records the fair value of a liability for an ARO in the period in which it is incurred if a reasonable estimate of fair value can be made. Upon initial recognition, the Company capitalizes the cost as part of the carrying amount of the related long-lived asset. The liability is subsequently accreted over time through charges to operating expense, and the capitalized asset is depreciated over its useful life. As of March 31, 2025, the Company recorded AROs of $ 43,079,071 related to the Fola Acquisition, which closed on that date. Refer to Note 3 for more details. The total undiscounted amount of estimated future cash flows required to satisfy the Company’s AROs over a 25-year projection period was approximately $ 60,617,039 as of March 31, 2025. The Company uses an annual inflation rate of 2.72 % to forecast these estimated future cash flows and a credit-adjusted risk-free rate of 7.18 % to discount these future inflation-adjusted obligations to a present value. The Company periodically reviews the estimated reclamation 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 for services. The Company accounts for such grants issued and vesting based on ASC 718, “Compensation-Stock Compensation”, whereby the value of the award is measured on the date of grant and recognized for employees as compensation expense on the straight-line basis over the vesting period. Recognition of compensation expense for non-employees is in the same period and manner as if the Company had paid cash for the services. The Company recognizes the fair value of stock-based compensation within its Consolidated Statements of Operations with classification depending on the nature of the services rendered. The fair value of the Company’s stock options is estimated using the Black-Scholes-Merton Option Pricing model, which uses certain assumptions related to risk-free interest rates, expected volatility, expected life of the stock options or restricted stock, and future dividends. Compensation expense is recorded based upon the value derived from the Black-Scholes-Merton Option Pricing model and based on actual experience. The assumptions used in the Black-Scholes-Merton Option Pricing model could materially affect compensation expense recorded in future periods. Basic and Diluted Income (Loss) Per Share Basic income (loss) per share is computed by dividing the net income (loss) applicable to common stockholders by the weighted average number of outstanding common shares during the period. Shares of restricted stock are included in the basic weighted average number of common shares outstanding from the time they vest. Diluted income (loss) per share is computed by dividing net income (loss) applicable to common stockholders by the weighted average number of common shares outstanding plus the number of additional common shares that would have been outstanding if all dilutive potential common shares had been issued. Diluted income (loss) per share excludes all potential common shares if their effect is anti-dilutive. The following potentially dilutive shares were excluded from the shares used to calculate diluted earnings per share as their inclusion would be anti-dilutive: SCHEDULE OF ANTI-DILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE September 30, 2025 December 31, 2024 Options 12,243,376 11,594,210 Warrants 3,166,667 3,166,667 Total 15,410,043 14,760,877 Anti-dilutive loss per share 15,410,043 14,760,877 Fair Value of Financial Instruments FASB ASC 825, “Financial Instruments” requires that the Company disclose estimated fair values of financial instruments. Financial instruments held by the Company include, among others, accounts receivable, accounts payable and long-term debt. The carrying amounts reported in the balance sheets for assets and liabilities qualifying as financial instruments are a reasonable estimate of fair value. As defined in FASB ASC 280 “Fair Value Measurements”, fair value is the price that would be received to sell an asset or paid to transfer a liability, in an orderly transaction between market participants at the measurement date. In determining fair value, the Company utilizes certain assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and/or the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated, or generally unobservable firm inputs. The Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. Based on the examination of inputs used in the valuation techniques, the Company is required to provide the following information according to the fair value hierarchy. The fair value hierarchy ranks the quality and reliability of the information used to determine fair values. Financial assets and liabilities carried at fair value will be classified and disclosed in one of the following three categories. ● Level 1: Quoted market prices in active markets for identical assets or liabilities ● Level 2: Inputs to the valuation methodology include: ○ Quoted prices for similar assets or liabilities in active markets; ○ Quoted prices for identical assets or similar assets or liabilities in inactive markets; ○ Inputs other than quoted prices that are observable for the asset or liability; ○ Inputs that are derived principally from or corroborated by observable market data by correlation or other means. ● Level 3: Unobservable inputs that are not corroborated by market data A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The following is a description of the valuation methodologies used for instruments measured at fair value, including the general classification of such instruments pursuant to the valuation hierarchy. The equipment held for sale is carried at the lower of carrying amount or fair value, and is considered level 2 as it is based on market prices for similar assets. 13 Segments The Company has two operating business segments: (i) Range Land and (ii) Range Services. The Fola Mine, including the royalty and lease agreements assigned in connection with the Fola Acquisition and the Winoc Acquisition, and the Hobet Mine are reported in the Range Land operating business segment. Effective January 1, 2025, the business activities of the Range Reclaim, Range Security and Range Water operating business segments, which had been previously-reported as separate operating business segments, are now captured as part of the Range Services operating business segment. This change was implemented as each of these business segments now serve to support the reclamation and improvement of the Company’s land holdings and not as businesses serving other customers. The change in the segment reporting is shown retrospectively in this filing. Graphium Biosciences was sold in September 2024 and therefore the drug development business segment named Graphium Biosciences is no longer reported as an operating business segment of the Company. In accordance with the “Segment Reporting” Topic of the ASC 280, the Company’s chief operating decision-maker has been identified as the Chief Executive Officer, who reviews operating results to make decisions about allocating resources and assessing performance for the entire Company. Existing guidance, which is based on a management approach to segment reporting, establishes requirements to report selected segment information quarterly and to report annually entity-wide disclosures about products and services, major customers, and the countries in which the entity holds material assets and reports revenue. All material operating units qualify for aggregation under “Segment Reporting” due to their similar customer base and similarities in economic characteristics, nature of products and services, and procurement, manufacturing, and distribution processes. Recent Accounting Pronouncements In November 2023, the FASB issued ASU 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.” This ASU enhances reportable segment disclosures on both an annual and interim basis primarily in regards to the disclosure of significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”) and included within the reported measure(s) of segment profit or loss. In addition, this ASU requires disclosure, by segment, of other items included in the reported measure(s) of segment profit or loss, including qualitative information describing the composition, nature and type of each item. This ASU also expands disclosure requirements related to the CODM, including how the reported measure(s) of segment profit or loss are used to assess segment performance and allocate resources, and the method used to allocate overhead for significant segment expenses. All current required annual segment reporting disclosures under Topic 280 are now effective for interim periods. The ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The Company has adopted this ASU. The Company will continue to evaluate its segment disclosures in future reporting periods to ensure continued compliance with evolving accounting guidance and disclosure best practices. In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures”. This ASU enhances income tax disclosures by providing information to better assess how an entity’s operations, related tax risks, tax planning and operational opportunities affect its tax rate and prospects for future cash flows. This ASU requires additional disclosures to the annual effective tax rate reconciliation including specific categories and further disaggregated reconciling items that meet the quantitative threshold. Additionally, this ASU requires disclosures relating to income tax expense and payments made to federal, state, local and foreign jurisdictions. This ASU is effective for fiscal years beginning after December 15, 2024. The Company will make the requisite updates in the notes to the annual financial statements for the fiscal year ending December 31, 2025. In November 2024, the FASB issued ASU 2024-03, “Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses”. This guidance requires tabular footnote disclosure of certain operating expenses disaggregated into categories, such as employee compensation, depreciation, and intangible asset amortization, included within each interim and annual income statement’s expense caption, as applicable. The effective date of this guidance is for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. The Company is in the process of evaluating the impact of adopting this guidance on our consolidated financial statement disclosures. 2. ACQUISITION OF COLLINS BUILDING & CONTRACTING On August 31, 2023, the Company entered into a stock purchase agreement with the owner of Collins Building & Contracting, Inc. (“Collins Building”) pursuant to which the owner agreed to sell all of the outstanding common stock of Collins Building to the Company in exchange for (a) cash consideration of $ 1,000,000 , (b) a five 5 -year secured promissory note in the principal amount of $ 2,000,000 , bearing interest at 7.0 % per annum (the “First Promissory Note”), and (c) a two 2 -year secured promissory note in the principal amount of $ 2,035,250 , bearing interest at 8.25 % per annum (the “Second Promissory Note”). The First Promissory Note was secured by the acquired real property and quarry infrastructure, and the Second Promissory Note was secured by the acquired equipment. The Company accounted for the transaction as a business combination in accordance ASC 805 “Business Combinations”. The Company performed an allocation of the purchase price paid for the assets acquired and the liabilities assumed. The fair values of the assets acquired in that transaction are set forth below. Because the fair values exceeded the purchase price, we recognized a gain on the purchase of $ 1,875,150 . The allocation of the purchase price is based on management’s estimates and a third-party assessment of the fair value of the equipment purchased. SCHEDULE OF BUSINESS ACQUISITION ALLOCATION OF PURCHASE PRICE Fair value of assets acquired: Equipment $ 6,156,000 Land 554,900 Buildings 199,500 Total assets acquired 6,910,400 Less: Gain on bargain purchase price ( 1,875,150 ) Purchase price $ 5,035,250 Cash consideration 1,000,000 Long-term notes issued to the seller 4,035,250 Total purchase price $ 5,035,250 Acquisition transaction costs incurred $ 167,212 As discussed in Note 4, on August 22, 2024, approximately all of the equipment, land and buildings acquired in connection with the August 2023 transaction were sold to the previous owner of Collins Building in consideration of the full and complete cancellation of the First Promissory Note and the Second Promissory Note. Collins Building contributed $ 208,820 of revenue and $ 65 of net loss to the Company’s consolidated revenues and net income for the three months ended September 30, 2025. Collins Building contributed $ 781,706 of revenue and $ 1,616 of net income to the Company’s consolidated revenues and net income for the nine months ended September 30, 2025. We anticipate these contracts will be completed by the middle of 2026. Collins Building’s operations contributed revenues of $ 0 and net loss of $ 8,136 to the Company’s consolidated revenues and net loss for the three months ended September 30, 2024. For the nine months ended September 30, 2024, Collins Building’s operations contributed no revenue and a net loss of $ 552,972 . The losses stem primarily from depreciation of equipment and buildings purchased as part of the Collins Building acquisition. 14 3. ACQUISITION OF FOLA MINE SITE On March 31, 2025, the Company, through its wholly-owned subsidiary Range Sky View Land, LLC, acquired 120,154 acres of fee, surface and mineral interests at the Fola mine complex (“Fola Mine”) located in Clay and Nicholas Counties, West Virginia. As part of the Fola Acquisition, the Company acquired 15 mining permits at the Fola Mine with an estimated reclamation obligation of $ 29,282,126 and assumed an obligation to manage an additional 21 mining permits at the Fola Mine with a reclamation bond amount of $ 13,796,945 . As a result, on March 31, 2025, the Company recorded AROs of $ 43,079,071 related to the Fola Acquisition and capitalized an equal amount onto the fair value of the acquired land. The Company also assumed two coal royalty contracts and one 25-year solar lease for the development of a large-scale solar project located on more than 1,500 acres at the Fola Mine. SCHEDULE OF BUSINESS ACQUISITION OF FOLA MINE SITA Estimated asset retirement obligation on 15 acquired permits $ 29,282,126 Contingent reclamation obligation on 21 permits 13,796,945 Total asset retirement obligation capitalized to land $ 43,079,071 Fair value of Fola Mine land acquired 8,561,000 Total land value of Fola Mine property $ 51,640,071 Beginning land value as of December 31, 2024 1,008,897 Land value as of March 31, 2025 $ 52,648,968 The fair value of the land acquired by the Company in connection with the Fola Acquisition was $ 8,561,000 , and the Company agreed to credit an outstanding receivable of $ 2,958,516 due from one of the sellers to the Company, as consideration provided in lieu of cash. Because the fair value of the land acquired exceeded the amount of the accounts receivable credited in connection with the Fola Acquisition, the Company recognized a bargain purchase gain of $ 5,602,484 during the three months ended March 31, 2025. SCHEDULE OF BARGAIN PURCHASE GAIN Fair value of Fola Mine land acquired $ 8,561,000 Accounts receivable credited in lieu of cash ( 2,958,516 ) Bargain purchase gain recognized $ 5,602,484 4. DISPOSALS AND DISCONTINUED OPERATIONS On August 22, 2024, substantially all the assets of Collins Building were sold to its previous owner in exchange for the cancellation of all remaining debt owed to him arising from the Company’s acquisition in August 2023. The Company recognized a net loss of $ 3,043,799 on the sale of the Collins Building assets. This sale does not constitute a discontinued operation as the Company has ongoing activities related to its acquisition of Collins Building, and only certain assets were sold and debts forgiven. As of March 31, 2025, any remaining active projects related to Collins Building will be completed by the previous owner or his subcontractors at the previous owner’s expense. On September 30, 2024, the Company sold all of the common stock of Graphium Biosciences, Inc., its wholly-owned subsidiary, to a newly-formed entity, Placer Biosciences, Inc. (“Placer”), owned by two former officers of the Company, in exchange for a warrant to purchase 1,000 shares of Placer’s common stock (then representing 25 % of the outstanding shares of Placer) at $ 0.01 per share and cash proceeds of $ 100 . The warrant to purchase shares of Placer’s common stock expires on September 30, 2034. Loss from Discontinued Operations Discontinued operations for the three and nine months ended September 30, 2024 consists of results from Graphium Biosciences operations. The Company had no discontinued operations for either the three or nine months ended September 30, 2025. The following table provides details about the major classes of line items constituting “Loss from discontinued operations” presented on the Company’s Consolidated Statements of Operations: SCHEDULE OF DISCONTINUING OPERATIONS INCOME STATEMENT Three Months Ended September 30, 2024 Nine Months Ended September 30, 2024 Operating expenses: Research and development $ 177,015 $ 465,933 Total operating expenses 177,015 465,933 Loss from discontinued operations $ ( 177,015 ) $ ( 465,933 ) 5. EQUITY Issuance of Common Stock On January 21, 2025, the Company entered into a securities purchase agreement for the issuance and sale of 3,333,333 shares of the Company’s common stock at a price of $ 0.15 per share. The aggregate proceeds to the Company were approximately $ 500,000 . On February 6, 2025, the Company entered into a securities purchase agreement for the issuance and sale of 555,556 shares of the Company’s common stock at a price of $ 0.18 per share. The aggregate proceeds to the Company were approximately $ 100,000 . On September 24, 2025, the Company entered into a securities purchase agreement for the issuance and sale of 3,666,667 shares of the Company’s common stock at a price of $ 0.15 per share. The aggregate proceeds to the Company were approximately $ 550,000 . The proceeds from the issuance of additional shares were used to fund ongoing operations. 15 6. STOCK OPTIONS No stock options were granted to directors, advisors, and employees during the three months ended September 30, 2025 or during the three months ended September 30, 2024. For the three months ended September 30, 2025, the Company recorded no stock-based compensation expense. For the three months ended September 30, 2024, the Company recorded $ 4,490 stock-based compensation expense related to vested stock options. A summary of the Company’s stock option activity during the nine months ended September 30, 2025 is as follows: SCHEDULE OF STOCK OPTION ACTIVITY Shares Weighted Average Exercise Price Balance Outstanding at December 31, 2024 11,594,210 $ 0.45 Granted 750,000 0.15 Exchanged - - Exercised - - Expired ( 100,834 ) 2.16 Forfeited - - Balance Outstanding at September 30, 2025 12,243,376 $ 0.42 Balance Exercisable at September 30, 2025 12,243,376 $ 0.42 At September 30, 2025, the 12,243,376 outstanding stock options had $ 145,630 of intrinsic value. A summary of the Company’s stock options outstanding and exercisable as of September 30, 2025 is as follows: SCHEDULE OF STOCK OPTION OUTSTANDING Number of Options Weighted Average Exercise Price Weighted Average Grant- Date Stock Price Options Outstanding and Exercisable, September 30, 2025 100,000 $ 0.1337 $ 0.1337 750,000 $ 0.148 $ 0.148 3,050,000 $ 0.18 $ 0.18 1,550,000 $ 0.212 $ 0.212 1,150,000 $ 0.277 $ 0.277 750,000 $ 0.30 $ 0.30 2,000,000 $ 0.35 $ 0.35 250,000 $ 0.38 $ 0.38 1,664,542 $ 0.50 $ 0.50 128,000 $ 0.96 $ 0.96 350,834 $ 1.50 - 1.95 $ 1.50 - 1.95 500,000 $ 2.00 - 2.79 $ 2.00 - 2.79 12,243,376 16 7. WARRANTS A summary of Company’s warrants activity during the nine months ended, and as of, September 30, 2025 is as follows: SCHEDULE OF WARRANTS ACTIVITY Shares Weighted Average Exercise Price Balance Outstanding and Exercisable at December 31, 2024 3,166,667 $ 0.56 Granted - - Exercised - - Expired - - Balance Outstanding and Exercisable at September 30, 2025 3,166,667 $ 0.56 At September 30, 2025, the 3,166,667 outstanding stock warrants had no intrinsic value. 8. LINE OF CREDIT In November 2022, the Company secured a bank line of credit with a limit of $ 1,000,000 . In November 2023, the parties amended and restated this line of credit. The line of credit, as amended, had a maturity date of December 31, 2025 , and bears interest at the fixed rate of eight and three-quarters percent ( 8.75 %). This line of credit was refinanced and replaced by a non-revolving note in September 2025. As of December 31, 2024, the balance due under the line of credit was $ 1,000,000 . In June 2023, Range Environmental secured a bank loan with a limit of $ 1,000,000 . In November 2023, the loan amount was increased to $ 1,400,000 . Principal and accrued interest payments are required in March, June, September and December. The loan had a maturity date of December 31, 2025 , and bears interest at the fixed rate of seven and three-quarters per cent ( 7.75 %). This bank loan was refinanced and replaced by a non-revolving note in September 2025. As of December 31, 2024, the balance due under the loan was $ 1,000,000 . In September 2025, the Company consolidated both of the above-referenced credit facilities into a single non-revolving note in the principal amount of $ 1,800,000 with a maturity date of June 30, 2030 . The note bears interest at the fixed rate of seven and three-quarters per cent ( 7.75 %). Quarterly interest only payments are required through December 2025. Beginning in 2026, quarterly principal and interest payments are required in March, June, September and December. 9. LONG-TERM DEBT OBLIGATIONS Long-term debt consists of debt on equipment, which serves as the collateral. Interest rates on the equipment financings range from 6.2 % to 7.2 % for 2025 and mature between 2027 through 2029. As described in Note 4, in August 2024, the Collins Building debt was cancelled in exchange for the property and substantially all of the equipment acquired in the original transaction. The Collins Building debt consisted of a five 5 -year secured promissory note with an original principal amount of $ 2,000,000 , bearing interest at 7.0 % per annum (the “First Promissory Note”), and a two 2 -year secured promissory note with an original principal amount of $ 2,035,250 , bearing interest at 8.25 % per annum (the “Second Promissory Note”). The First Promissory Note was secured by the acquired real property and quarry infrastructure and the Second Promissory Note was secured by the acquired equipment. Both of these notes have been cancelled. In November 2024, certain equipment items no longer needed by the Company were surrendered to the financing company which held liens on the equipment, in exchange for a release of debt resulting in a reduction of the net equipment values on the Company’s balance sheet and a reduction of long-term debt of $ 1,012,375 . In June 2025, the financing company asserted deficiency claims in the amount of $ 560,402 which are included in the financial statements as an other expense in the consolidated statement of operations and as an accrued expense. In August 2025, additional equipment no longer needed by the Company was surrendered to the financing company which held liens on the equipment resulting in a reduction of the net equipment values on the Company’s balance sheet and a reduction in long-term debt of $ 914,803 . The remaining debt in excess of the value of the equipment is carried on the Company’s balance sheet as an accrued expense. 17 10. MAJOR CUSTOMER AND CONCENTRATION OF CREDIT RISK As a result of the change in the Company’s strategic direction, it no longer focuses on providing reclamation and restoration services to third parties. Sales to the Company’s largest customer were 73 % and 28 % of total sales for the three and nine months ended September 30, 2025, respectively. Sales to the Company’s two largest customers constituted 31 % and 75 % of total sales for the three and nine months ended September 30, 2024, respectively. Accounts receivable from the largest customer were 100 % of total accounts receivable as of September 30, 2025 and 0 % as of December 31, 2024. 11. COMMITMENTS AND CONTINGENCIES From time to time, the Company is involved in legal matters arising in the ordinary course of business. While the Company believes that such matters are currently not material, there can be no assurance that matters arising in the ordinary course of business for which the Company is, or could be, involved in litigation, will not have an adverse effect on its business, financial condition or results of operations. 12. SEGMENT INFORMATION ASC 280, “Segment Reporting” establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organizational structure as well as information about services, categories, business segments and major customers in financial statements. The Company has two reportable segments that are based on the following business units: (i) Range Land and (ii) Range Services. Range Reclaim, Range Security and Range Water, which had been previously reported as separate operating business segments are now captured within the Range Services operating business segment. As described in Note 4, the Company’s Graphium Biosciences segment was reported as discontinued operations during the third quarter of 2024, and accordingly, the results of this segment are excluded from the table below, which only reflects continuing operations for all periods presented. In accordance with the “Segment Reporting” Topic of the ASC, the Company’s chief operating decision-maker has been identified as the Company’s Chief Executive Officer, who reviews operating results to make decisions about allocating resources and assessing performance for the entire Company. Existing guidance, which is based on a management approach to segment reporting, establishes requirements to report selected segment information quarterly and to report annually entity-wide disclosures about products and services, major customers and the countries in which the entity holds material assets and reports revenue. All material operating units qualify for aggregation under “Segment Reporting” due to their similar customer base and similarities in economic characteristics, nature of products and services, and procurement, manufacturing and distribution processes. The two reportable segments that result from applying the aggregation criteria are as follows: ● Range Land – mine land acquired, reclaimed and repurposed for next generation uses ● Range Services – services in support of reclamation and repurposing of acquired mine land The Company had no inter-segment sales for the periods presented. 18 Summarized financial information concerning the Company’s reportable segments (excluding discontinued operations) is shown below: SCHEDULE OF FINANCIAL INFORMATION OF REPORTABLE SEGMENT By Categories For the three months ended September 30, 2025 Range Land Range Services Corporate Total Sales $ 569,947 $ 208,820 $ - $ 778,767 Gross profit (loss) ( 129,965 ) ( 61,763 ) - ( 191,728 ) Net income (loss) ( 129,965 ) ( 270,531 ) ( 232,885 ) ( 633,381 ) Total assets 57,066,339 183,885 304,868 57,555,092 Depreciation - 25,338 - 25,338 Interest expense - 15,885 22,360 38,245 Capital expenditures for long-lived assets $ - $ - $ - $ - For the three months ended September 30, 2024 Range Land Range Services Corporate Total Sales $ - $ 2,171,655 $ - $ 2,171,655 Gross profit (loss) - ( 392,928 ) - ( 392,928 ) Net income (loss) - ( 4,561,031 ) ( 182,292 ) ( 4,743,323 ) Total assets 1,008,897 8,675,925 757,210 10,442,032 Depreciation - 317,280 - 317,280 Interest expense - 131,827 23,577 155,404 Tax expense - - 2,955 2,955 Capital expenditures for long-lived assets $ - $ - $ - $ - For the nine months ended September 30, 2025 Range Land Range Services Corporate Total Sales $ 1,676,036 $ 1,189,914 $ - $ 2,865,950 Gross profit (loss) 409,591 ( 89,146 ) - 320,445 Net income (loss) 5,992,661 ( 1,401,063 ) ( 923,533 ) 3,668,065 Total assets 57,066,339 183,885 304,868 57,555,092 Depreciation - 150,381 - 150,381 Interest expense - 163,619 52,812 216,431 Capital expenditures for long-lived assets $ - $ 100,000 $ - $ 100,000 For the nine months ended September 30, 2024 Range Land Range Services Corporate Total Sales $ - $ 8,431,286 $ - $ 8,431,286 Gross profit (loss) - ( 523,003 ) - ( 523,003 ) Net income (loss) - ( 5,784,070 ) ( 1,109,856 ) ( 6,893,926 ) Total assets 1,008,897 8,675,925 757,210 10,442,032 Depreciation - 1,594,152 - 1,594,152 Interest expense - 286,000 210,322 496,322 Tax expense - - 59,555 59,555 Capital expenditures for long-lived assets $ - $ - $ - $ - 13. SUBSEQUENT EVENTS None. 19