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Item 1. Financial Statements

2026-05-15 compared with 2025-11-14 · 538 added, 631 removed, 246 unchanged (83% of the section changed)

1 unchanged sentence

FINANCIAL STATEMENTS

CONSOLIDATED BALANCE SHEETS AS OF SEPTEMBER 30, 2025 (UNAUDITED) AND DECEMBER 31, 2024

CONSOLIDATED UNAUDITED STATEMENTS OF OPERATIONS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2025 AND SEPTEMBER 30, 2024

CONSOLIDATED UNAUDITED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2025 AND SEPTEMBER 30, 2024

CONSOLIDATED UNAUDITED STATEMENTS OF CASH FLOWS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025 AND SEPTEMBER 30, 2024

CONSOLIDATED BALANCE SHEETS AS OF MARCH 31, 2026 (UNAUDITED) AND DECEMBER 31, 2025

CONSOLIDATED UNAUDITED STATEMENTS OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 2026 AND MARCH 31, 2025

CONSOLIDATED UNAUDITED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY FOR THE THREE MONTHS ENDED MARCH 31, 2026 AND MARCH 31, 2025

CONSOLIDATED UNAUDITED STATEMENTS OF CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31, 2026 AND MARCH 31, 2025

NOTES TO THE CONSOLIDATED UNAUDITED FINANCIAL STATEMENTS

BALANCE SHEETS

September 30, 2025

March 31, 2026

December 31, 2025

2 unchanged sentences

Accounts receivable

Contract assets

Prepaid expenses

Equipment held for sale

Total current assets

1 unchanged sentence

Property and equipment, net of accumulated depreciation

Long-term intangible assets

Total long-term assets

$ 121,974,746

$ 123,236,692

Liabilities and Stockholders’ Equity

Current Liabilities

Line of credit

Current portion of long-term debt

Current portion of bank debt

4 unchanged sentences

Bank debt, net of current portion

Long-term debt, net of current portion

Asset retirement obligation

Total long-term liabilities

Deposits held

Asset retirement obligations

Total long-term debt

Total liabilities

Stockholders’ Equity

Controlling Interest:

Common stock, par value $ 0.001 per share;

5 unchanged sentences

( 37,712,204 )

Total controlling equity interest

Noncontrolling equity interest

Total stockholders’ equity

Total Liabilities and Stockholders’ Equity

$ 121,974,746

$ 123,236,692

accompanying notes to the consolidated financial statements.

STATEMENTS OF OPERATIONS

Three Months Ended

September 30,

Nine Months Ended

September 30,

Cost of services

Gross profit (loss)

Operating expenses:

Three Months Ended March 31,

Costs and expenses:

Costs of services

Depreciation of property and equipment

Amortization of long-term intangible assets

Accretion of asset retirement obligations

General and administrative

Total operating expenses

Profit (loss) from operations

( 1,242,298 )

(Loss) from continuing operations before other income (expense)

( 1,799,205 )

1 unchanged sentence

Gain on bargain purchase

Gain (loss) on sale of fixed assets

( 3,751,680 )

Deficiency claim on returned equipment

Gain on sale of fixed assets

Interest expense

Total other income (expense)

( 3,873,498 )

( 4,195,826 )

Income (loss) from continuing operations

( 1,833,690 )

( 6,834,371 )

Loss from discontinued operations

Income tax expense

Income from discontinued operations

Net income (loss)

$ ( 1,833,690 )

$ ( 4,920,338 )

$ ( 7,359,859 )

Net profit (loss) per share – basic and diluted

Net income (loss) per share – basic and diluted

Weighted average number of common shares outstanding – basic and diluted

1 unchanged sentence

STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY

Three Months Ended September 30, 2025

Accumulated Deficit

Balance as of June 30, 2025

$ ( 52,578,436 )

Shares issued

Stock based compensation

Balance as of September 30, 2025 (Unaudited)

$ ( 53,211,817 )

Three Months Ended September 30, 2024

Noncontrolling

Three Months Ended March 31, 2026

Accumulated Deficit

Balance as of June 30, 2024

Noncontrolling

Balance as of December 31, 2025

$ ( 37,712,204 )

3 unchanged sentences

( 1,833,690 )

Balance as of September 30, 2024 (Unaudited)

$ ( 54,441,658 )

Nine Months Ended September 30, 2025

Number of Shares

Accumulated Deficit

Balance as of December 31, 2024

$ ( 56,879,882 )

Shares issued for cash

Stock based compensation

Balance as of September 30, 2025

Balance as of March 31, 2026 (Unaudited)

$ ( 38,951,344 )

Nine Months Ended September 30, 2024

Number of Shares

Accumulated Deficit

Three Months Ended March 31, 2025

Balance as of December 31, 2024

1 unchanged sentence

$ ( 56,879,882 )

Shares issued for cash

Shares issued

Stock based compensation

( 7,359,859 )

Net profit (loss)

( 7,359,859 )

Balance as of September 30, 2024

Net income (loss)

Balance as of March 31, 2025 (Unaudited)

$ ( 51,780,255 )

2 unchanged sentences

STATEMENTS OF CASH FLOWS

Nine Months Ended September 30,

Three Months Ended March 31,

Cash flows from operating activities:

1 unchanged sentence

$ ( 1,833,690 )

Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:

Adjustments to reconcile net income (loss) to net cash (used in) operating activities:

Gain on bargain purchase

1 unchanged sentence

Net gain on asset disposals

Deficiency claims on returned equipment

Net loss on Collins Building disposal

Net loss on sale of assets

Gain on disposition of business

Fair value of vested stock options

Accretion on asset retirement obligations

Depreciation from continuing operations

Depreciation from discontinued operations

Amortization of long-term intangible assets

Accretion of asset retirement obligations

Changes in operating assets and liabilities:

Accounts receivable

Unbilled receivables

Accounts receivable from discontinued operations

Contract assets

1 unchanged sentence

Accounts payable

( 2,614,262 )

Accrued expenses

Deposits from discontinued operations

Net cash provided by (used in) operating activities

Cash paid for asset retirement obligations

( 1,193,522 )

Net cash (used in) operating activities

Cash flows from investing activities:

Cash paid for asset retirement obligations

Equipment purchases

Proceeds from asset sales

Net insurance proceeds from casualty loss

Net proceeds from disposition of Graphium Biosciences

Net cash provided by (used in) investing activities

Net cash provided by investing activities

Cash flows from financing activities:

Issuance of shares for cash

Repayment of line of credit

Proceeds from stock issuance

Repayment of long-term debt

( 1,202,944 )

Net cash provided by (used in) financing activities

Net cash provided by financing activities

Net increase (decrease) in cash and cash equivalents

( 1,932,214 )

Cash and cash equivalents - beginning of period

2 unchanged sentences

Cash paid during the period for:

Supplemental schedule of Non-Cash Investing and Financing

Conversion of line of credit and short term note to bank term loan

Debt reduction from equipment returned to lender

Debt forgiveness related to Collins Building asset disposal

accompanying notes to the consolidated financial statements.

TO CONSOLIDATED FINANCIAL STATEMENTS

AND NINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024

MONTHS ENDED MARCH 31, 2026 AND 2025

BUSINESS OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

1 unchanged sentence

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:

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.

We are focused

on developing long-term solutions to environmental, social, and health challenges by acquiring, reclaiming and repurposing mine sites

and other undervalued land in economically disadvantaged communities throughout Appalachia.

We take an opportunistic approach to impact

investing by thoughtfully allocating our capital to strategic opportunities that are expected to make a positive impact on the people-planet

ecosystem and generate strong investment returns for our shareholders.

By actively directing investment capital in a manner intended to

create positive environmental, social and economic outcomes, we believe that our impact investing strategy can contribute to an improved

people-planet ecosystem and a healthier and happier way of life.

a particular interest in providing environmental and social solutions in economically-disadvantaged regions of the United States.

the Company is targeting the Appalachian region, which is home to communities with some of the most disadvantaged income, education and

employment demographics in the United States.

Our strategy is to acquire large mine sites burdened by substantial legacy reclamation obligations

and use our team and resources to perform the requisite reclamation activities and obtain full bond release, thereby unlocking the underlying

value of the land and creating a critical catalyst for sustainable, long-term economic development in the disadvantaged coal communities

of Appalachia.

We had previously

focused primarily on generating revenue by providing reclamation and incidental mining and security services to third party mining companies,

permit holders and private owners with abandoned mine land property.

However, beginning in early 2025, our strategy evolved from a service-based

business model to a land ownership business model designed to unlock the underlying value of land we own through our own reclamation activities,

and then creating multiple streams of long-term recurring revenue with a diverse group of third-party lessees focused on next-generation

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.

Since March 2025, the Company has conducted its business through its two operating

segments, Range Land and Range Services, as described in more detail in Note 13 below.

In March 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 (“Fola Acquisition”).

As part of the Fola Acquisition, the

Company acquired 15 mining permits at the Fola Mine with an estimated reclamation obligation of $ 29.3 million and assumed an obligation

to manage an additional 16 mining permits at the Fola Mine with an estimated reclamation obligation of $ 13.8 million.

The Company also

assumed two coal royalty contracts and one 25-year solar lease with a multi-national corporation for the development of a large-scale

solar project located on more than 1,000 acres at the Fola Mine.

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

● 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 .

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

In December 2025, the Company acquired 15,704 acres

of surface land and 42,500 acres of mineral interests associated with the Premier Elkhorn Mine Complex and Cambrian Coal Mine Complex

in Pike, Letcher and Floyd Counties, Kentucky (the “Premier-Cambrian Acquisition”) from Continental Land, LLC, an entity indirectly

owned by the Company’s largest shareholder and its CEO.

The acquisition included the assumption of management and reclamation responsibilities

for 43 mining permits that remained with the current permittee, Reckoning Reclamation LLC, with an estimated total asset retirement obligation

of $ 43.1 million.

The Premier-Cambrian Acquisition is described in more detail in Note 4.

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 three

months ended March 31, 2026, the Company incurred a net loss of $ 1,833,690 and used $ 982,050 of cash in the Company’s operating

These factors raise substantial doubt about the Company’s ability to continue as a going concern within one year of

the date that the financial statements are issued.

The financial statements do not include any adjustments that might be necessary should

the Company be unable to continue as a going concern.

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.

raising additional capital to meet its obligations when they come due.

The Company estimates, as of March 31, 2026, that it may not have sufficient funds to operate the business for 12 months given its cash

balance of $ 1,283,121 and expected revenues to be generated by the Company’s operating business segments.

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.

of Presentation

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,

(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.

and with the instructions to Form 10-Q and the applicable requirements of Regulation S-X.

The consolidated financial statements

include the accounts of the Company and all of its wholly-owned subsidiaries, 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.

5 unchanged sentences

results could differ from those estimates.

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.

Company disposed of all of the assets of its wholly-owned subsidiary, Collins Building & Contracting, Inc.

Building”) and ceased providing third-party reclamation services during the year ended

December 31, 2025.

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.

to Note 2 for additional discussion of discontinued operations and disposition of assets.

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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;

Under this standard, revenue is

recognized by applying a five-steps model (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;

(4) allocate the transaction price to the performance obligations in the

and (5) recognize revenue when (or as) each performance obligation is satisfied.

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.

also invoiced customers and recognized revenue for equipment mobilization fees and materials and supplies required to complete a

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.

also invoiced customers for the provision of environmental security services at an agreed-upon hourly rate for each project.

revenue is recognized at a point in time.

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.

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.

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.

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.

Company primarily invoices customers for coal royalties and recognizes revenue on a periodic basis as coal is shipped.

Costs for equipment,

labor and chemicals are generally expensed as incurred.

All revenue is recognized at a point in time.

Company recognizes consulting revenue on a periodic basis as services are provided to non-affiliated third parties related to the reclamation

and repurposing of land at the Premier-Cambrian Mine.

All revenue is recognized at a point in time.

The Company recognized revenue on reclamation contracts

for operations included in discontinued operations over time.

These contracts were generally treated as a single performance obligation,

as the Company provided a significant service of integrating multiple components into a single project.

Revenue was recognized using a

cost-based input method whereby progress toward completion was measured based on actual costs incurred relative to total estimated contract

Then, this percentage of completion was applied to the transaction price to determine the amount of revenue recognized.

believes this method provides a faithful depiction of performance as it directly reflects the value of the services transferred to the

Estimates (Discontinued Operations)

Estimating total revenue and cost at completion for

the Company’s former performance obligations requires significant judgment and is subject to uncertainty.

The Company regularly

reviews and updates these estimates based on contract progress, execution status, and the expected costs to complete.

All activity related

to these contracts are included in discontinued operations for the three-month period ended March 31, 2025.

Changes in estimated profitability are recognized

using the cumulative catch-up method, with the impact recorded in the period identified and future results based on revised estimates.

Expected losses on contracts are recognized in full in the period they become evident.

Modifications

8 unchanged sentences

Costs are recognized as incurred.

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

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

OF REVENUE EARNED OVERTIME COMPARED TO A POINT IN TIME

September 30, 2025

September 30, 2024

Earned over time

Point in time

Total revenue

September 30, 2025

September 30, 2024

Earned over time

Point in time

Total revenue

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.

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).

and Cash Equivalents

Company considers all highly liquid investments with an original maturity of three months or less at the date of acquisition to be cash

From time to time, the Company’s cash account balances exceed the balances covered by the Federal Deposit Insurance

The Company has never suffered a loss due to such excess balances.

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.

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.

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 balances may exceed amounts insured by the Federal Deposit Insurance Corporation.

The Company has never suffered a loss due to such

uninsured balances.

accounts receivable are reported at the amounts management expects to collect from the balances outstanding as of March 31, 2026 or

December 31, 2025, as presented in the consolidated balance sheets.

Based on its assessment, management concluded that any

potential losses on these balances are immaterial and therefore, no

allowances for expected credit losses were recorded for the three months ended March 31, 2026 or the three months ended March 31,

Accounts receivable were $ 950,114

and $ 617,929

$ 3,209,070 at

September 30, 2025 and December 31, 2024, respectively.

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.

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.

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.

OF CONTRACT ASSETS

December 31, 2024

Costs incurred on contracts in progress

Estimated earnings

Revenue earned on contracts in progress

Billings to date

( 1,360,120 )

Total contract assets

December 31, 2024

Costs and estimated earnings in excess of billings on contracts in progress

Billings in excess of costs and estimated earnings on contracts in progress

Net contract assets

Held for Sale

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

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

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.

at March 31, 2026 and December 31, 2025, respectively.

credit loss expense was accrued in either the three months ended March 31, 2026 or the three months ended March 31, 2025 and there

allowance for expected credit losses as of March 31, 2026 or December 31, 2025.

and equipment is carried at cost.

2 unchanged sentences

are capitalized.

The cost and related accumulated depreciation of equipment sold or otherwise disposed of are removed from the accounts

The cost and related accumulated depreciation of equipment sold or otherwise disposed are removed from the accounts

and any gain or loss is reflected in the current year’s earnings.

OF PROPERTY AND EQUIPMENT

September 30, 2025

March 31, 2026

December 31, 2025

Accumulated depreciation

( 2,542,771 )

Net book value

Depreciation expense

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.

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.

Depreciation expense (continuing operations)

Depreciation expense (discontinued operations)

Property and equipment are depreciated

using the straight-line method over an estimated six-year useful life for both financial reporting and federal income tax purposes.

Company assesses the recoverability of its property and equipment by determining whether their carrying amounts are recoverable

through projected future cash flows over the assets’ remaining useful lives.

assets were identified for impairment.

These assets are reported within the Range Services operating business segment.

Retirement Obligations

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.

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.

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

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.

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.

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.

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.

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

OF ASSET RETIREMENT OBLIGATION

Asset retirement obligations as of January 1, 2025

Initial asset retirement obligations as of March 31, 2025

Accretion expense for the period

Sites removed during the period

( 6,429,480 )

Sites added during the period

Expenditures during the period

Total asset retirement obligations as of September 30, 2025

Total asset retirement obligations

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.

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.

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.

is carried at cost.

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.

March 31, 2026

December 31, 2025

Land, beginning of year

Acquisitions during the period

Land, end of year

The Company accounts for income taxes using the asset

and liability method.

Under this approach, 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.

The provisions of ASC Topic 740, Accounting for Income

Taxes, require an assessment of both positive and negative evidence when determining whether it is more likely than not that deferred

tax assets are recoverable.

For the year ended December 31, 2025 based on all available objective evidence, including the existence of

cumulative losses, the Company determined that it was more likely than not that the net deferred tax assets were not fully realizable.

Accordingly, the Company established a full valuation allowance against its net deferred tax assets.

The Company intends to maintain a

full valuation allowance on net deferred tax assets until sufficient positive evidence exists to support reversal of the valuation allowance.

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, while lease liabilities represent the Company’s obligation to make lease payments.

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.

uses its incremental borrowing rate based on the information available at lease commencement in determining the present value of unpaid

lease payments.

As of March 31, 2026, the Company had no lease commitments with terms exceeding one year.

The Company periodically grants stock options and

restricted stock awards to employees and non-employees in non-capital raising transactions.

These awards are accounted for in accordance

with ASC 718, “Compensation-Stock Compensation”.

The fair value of each award is measured on the date of grant.

awards, compensation expense is recognized on the straight-line basis over the vesting period.

For non-employee awards, expense is recognized

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.

fair value of the Company’s stock options is estimated using the Black-Scholes-Merton Option Pricing model, which uses certain

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and Diluted Income (Loss) Per Share

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:

income (loss) per share is computed by dividing the net income (loss) attributable 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:

OF ANTI-DILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE

September 30, 2025

March 31, 2026

December 31, 2025

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to the fair value measurement.

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.

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.

Company has two

operating business segments:

of March 31, 2026, 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

Range Land is focused on acquiring former mine lands with the goal of

reclaiming and repurposing the sites into long-term revenue generating projects.

Range Services provides environmental and

operational support services to help reclaim and repurpose the acquired former mine lands.

accordance with the “Segment Reporting” Topic of the ASC 280, the Company’s chief operating decision-maker has been

8 unchanged sentences

Accounting Pronouncements

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.

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.

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.

December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740):

In December 2023, the FASB

issued ASU 2023-09, “Income Taxes (Topic 740):

Improvements to Income Tax Disclosures”.

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

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.

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.

ACQUISITION OF COLLINS BUILDING & CONTRACTING

August 31, 2023, the Company entered into a stock purchase agreement with the owner of Collins Building & Contracting, Inc.

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.

Company accounted for the transaction as a business combination in accordance ASC 805 “Business Combinations”.

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.

OF BUSINESS ACQUISITION ALLOCATION OF PURCHASE PRICE

Fair value of assets acquired:

Total assets acquired

Gain on bargain purchase price

( 1,875,150 )

Purchase price

Cash consideration

Long-term notes issued to the seller

Total purchase price

Acquisition transaction costs incurred

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.

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.

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.

effective for fiscal years and interim periods beginning after December 15, 2024.

The Company will make the requisite updates in the notes

to the annual financial statements for the period 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 update requires public entities to disaggregate income statement expense line items and to disclose in

tabular format within the notes to the financial statements certain categories of costs (e.g., purchases of inventory, employee compensation,

depreciation, intangible asset amortization, depletion) to the extent line items contain such costs.

In addition, entities will be required

to define and disclose selling expenses.

The additional disclosures may be provided prospectively or retrospectively.

The amendments are

effective for annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning

after December 15, 2027.

Early adoption is permitted.

The Company has adopted this ASU effective January 1, 2025, with no material impact.

DISPOSALS AND DISCONTINUED OPERATIONS

During the year

ended December 31, 2025, the Company sold all of its common stock in Collins Building to its former owner for $ 1.00 .

As part of this transaction, all outstanding projects were transferred to the former owner, who assumed responsibility for their completion.

This transaction represents a strategic shift away from providing reclamation services to third parties.

Going forward, the Company will

provide such services only for its own internal needs.

Accordingly, revenues and related expenses associated with reclamation services

provided to third parties have been classified as discontinued operations in the Consolidated Statement of Operations.

from Discontinued Operations

Discontinued operations for the three

months ended March 31, 2025 consist of results from Collins Building and third-party reclamation services provided by wholly-owned subsidiaries

of the Company.

following table provides details about the major classes of line items constituting “Loss from discontinued operations” presented

in the Company’s Consolidated Statements of Operations:

OF DISCONTINUING OPERATIONS INCOME STATEMENT

March 31, 2025

Cost of revenues

General and administrative

Income from discontinued operations

Interest expense

Income from discontinued operations

ACQUISITION OF FOLA MINE SITE

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.

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 .

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.

BUSINESS ACQUISITION OF FOLA MINE SITA

Estimated asset retirement obligation on 15 acquired permits

Contingent reclamation obligation on 21 permits

Total asset retirement obligation capitalized to land

Fair value of Fola Mine land acquired

Total land value of Fola Mine property

Beginning land value as of December 31, 2024

Land value as of March 31, 2025

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.

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.

March 31, 2025, the Company, through its wholly-owned subsidiary, Range Sky View Land, LLC, entered into an agreement with WV

LLC (“WV Reclaim”) pursuant to which it 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 this transaction, the Company acquired 15 mining permits and assumed management and reclamation

responsibilities for 21 additional mining permits held by WV Reclaim.

In connection with this transaction, the Company recorded

asset retirement obligations of $ 36,562,110

on March 31, 2025 (and capitalized an equal amount as a long-term intangible asset) and assumed two coal royalty contracts and one

25-year lease for the development of a large-scale solar project.

The Company acquired an additional two mining permits in June 2025

for which the Company had previously assumed management and reclamation responsibilities and assumed an

associated coal lease at the Fola Mine.See the table below for more information regarding the reporting of these transactions:

OF BUSINESS ACQUISITION OF FOLA MINE SITE

Asset retirement obligation, December 31, 2024

Accretion during the period

Sites added during the period

Sites removed during the period

Revisions in estimated cash flows during the period

Expenditures during the period

( 1,479,574 )

Asset retirement obligation, December 31, 2025

Company accounted for the above-described transactions as a business combination in accordance ASC 805 “Business

Combinations”.

The Company has made an allocation of the purchase price paid for the assets acquired and the liabilities

The fair value of the acquired land was $ 8,561,000 ,

and the Company agreed to credit an outstanding receivable of $ 2,958,516

due to the Company from one of the sellers in lieu of cash.

Because the fair value of the land acquired

exceeded the amount of the credited accounts receivable, the Company recognized a bargain purchase gain of $ 5,602,484

in the fiscal quarter ended March 31, 2025.

SCHEDULE OF BARGAIN

4 unchanged sentences

Bargain purchase gain recognized

DISPOSALS AND DISCONTINUED OPERATIONS

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.

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.

from Discontinued Operations

operations for the three and nine months ended September 30, 2024 consists of results from Graphium Biosciences operations.

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:

OF DISCONTINUING OPERATIONS INCOME STATEMENT

Three Months Ended

September 30,

Nine Months Ended

September 30,

Operating expenses:

Research and development

Total operating expenses

Loss from discontinued operations

$ ( 177,015 )

Cash consideration

Assumed liabilities

Purchase price

Acquisition transaction costs incurred

ACQUISITION OF PREMIER-CAMBRIAN MINE SITE

December 31, 2025, the Company, through its wholly-owned subsidiary, Range Bluegrass Land, LLC, (“Range Bluegrass”),

entered into an agreement with Reckoning Reclamation LLC (“Reckoning Reclamation”) pursuant to which it acquired 15,704

acres of surface land and 42,500

acres of mineral interests associated with the Premier Elkhorn Mine Complex and Cambrian Coal Mine Complex in Pike, Letcher and

Floyd Counties, Kentucky (the “Premier-Cambrian Mine”) and assumed management and reclamation responsibilities for 43

mining permits that remained with Reckoning Reclamation, with an estimated total asset retirement obligation of $ 43.1

OF ASSET RETIREMENT OBLIGATION

Asset retirement obligation, December 31, 2024

Accretion during the period

Sites added during the period

Sites removed during the period

Revisions in estimated cash flows during the period

Expenditures during the period

Asset retirement obligation, December 31, 2025

connection with this transaction, the Company entered into two consulting agreements (“Consulting Agreements”) with an

unaffiliated third parties related to the reclamation and repurposing of approximately 1,500

acres of land at the Premier-Cambrian Mine.

The Consulting Agreements provide for an initial engagement fee payment of $ 1,000,000

on December 31, 2025, and quarterly engagement fee payments of $ 500,000

payable thereafter until December 31, 2027 (for total payments of $ 5,000,000 ).

The Consulting Agreements may be terminated at any time.

Refer to Revenue Recognition in Note 1.

In addition, Range Bluegrass entered into an equity option agreement (“Equity Option”) pursuant to which

a non-affiliated third party was granted the right to receive the same amount of cash distributions made by Range Bluegrass to the Company,

such right convertible into the right to receive 50 % of the membership

interests of Range Bluegrass.

Range Bluegrass was paid $ 500,000 for the Equity Option on December 31, 2025.

Range Bluegrass also entered

into a real estate option agreement (“Real Estate Option”) with another unaffiliated third party for the option to

purchase approximately 1,500 acres of the Premier-Cambrian Mine until December 31, 2031.

Range Bluegrass was paid $ 500,000 for the Real

Estate Option on December 31, 2025.

The Company recorded an amount equal to $ 1,000,000 as a long-term liability entitled “Deposits

Held” in connection with the Equity Option and Real Estate Option.

Company accounted for these transactions as a business combination in accordance with ASC 805 “Business Combinations”.

Company has performed an allocation of the purchase price paid for the assets acquired and the liabilities assumed.

The fair value of

the surface land of the Premier-Cambrian Mine was $ 32,978,505 .

The Company also assumed reclamation obligations in the amount of $ 326,473 ,

and because no cash consideration was paid in connection with the acquisition of the Premier-Cambrian Mine, a total bargain purchase

gain of $ 32,652,032

should be recognized.

However, because the terms of the Equity

Option create a “de facto noncontrolling interest” under ASC 810 in an amount equal to 50 %

of the equity value of Range Bluegrass, only 50% of the bargain purchase gain of $ 32,652,032

(an amount equal to $ 16,326,016 )

is recognized in the Consolidated Statement of Income as a bargain purchase gain related to the acquisition of the Premier-Cambrian Mine.

The remaining balance of the gain (an amount also equal to $ 16,326,016 )

is recorded on the balance sheet as “Noncontrolling Equity Interest”.

SCHEDULE OF BARGAIN

PURCHASE GAIN

Fair value of Premier-Cambrian Mine land acquired

Assumed liabilities

Bargain purchase gain before noncontrolling interest adjustment

Noncontrolling interest adjustment of 50%

( 16,326,016 )

Bargain purchase gain

Purchase price

Acquisition transaction costs incurred

ASSET RETIREMENT OBLIGATIONS

The Company’s asset retirement

obligations arise from the Federal Surface Mining Control and Reclamation Act of 1977 and similar state statutes, which require mine properties

to be restored in accordance with regulatory standards and approved reclamation plans.

Reclamation activities primarily include restoring

refuse and slurry ponds, reclaiming pits and related surface areas, sealing portals at underground mines, and treating water.

estimates the future cash flows needed to satisfy these obligations on a permit-by-permit basis using current permit requirements and

various assumptions, including assumptions of estimated disturbed acreage, cost estimates, and expected productivity.

Estimates of disturbed

acreage are based on approved mining plans and related engineering data.

Cost estimates reflect expected third-party costs.

assumptions are based on historical performance of the equipment expected to be utilized in the reclamation activities.

The Company is subject to evolving environmental regulations,

which may be stringent and are often beyond its control.

Such changes could increase its costs and materially increase its asset retirement

The Company’s asset retirement obligations are

initially recorded at fair value, determined using assumptions such including a discount rate and third-party margin, each of which is

discussed further below:

The Company’s asset retirement obligations are initially recorded at fair value.

The Company utilizes discounted cash

flow techniques to estimate the fair value of its obligations.

The Company bases its discount rate on the rates of treasury bonds with

maturities similar to expected mine lives and adjust for its credit standing as necessary after considering funding and assurance provisions.

Changes in the Company’s credit standing could have a material impact on the valuation of its asset retirement obligations.

discount rate used to calculate the Fola Mine and Premier Cambrian Mine asset retirement obligations are 7.18% and 7.75%, respectively.

The annual inflation rate used to calculate the Fola Mine and Premier Cambrian Mine asset retirement obligations are 2.72% and 2.77%,

respectively.

The measurement of an obligation at fair value is based upon the amount a third party would demand to perform the obligation.

Because the Company plans to perform a significant amount of the reclamation activities with internal resources, a third-party margin

was added to the estimated costs of these activities.

This margin was estimated based upon the Company’s historical experience

with contractors performing similar types of reclamation activities.

The inclusion of this margin will result in a recorded obligation

that is greater than its estimates of its cost to perform the reclamation activities.

If the Company’s cost estimates are accurate,

the excess of the recorded obligation over the cost incurred to perform the work will be recorded as a reduction to amortization within

its Consolidated Statements of Operations at the time that reclamation work is completed.

at least an annual basis, the Company reviews its reclamation liabilities and make necessary adjustments for permit changes, if any,

as granted by state authorities, additional costs resulting from accelerated mine closures, and revisions to cost estimates and

productivity assumptions to reflect current experience and updated plans.

At December 31, 2025, the Company recorded asset

retirement obligation liabilities of $ 79,344,297 ,

including liabilities reported as current.

While the precise amount of these future costs cannot be determined with certainty, as of

December 31, 2025, the Company estimates that the aggregate undiscounted cost of final mine closures is approximately $ 129,445,432 .

The Company estimates annual aggregated amortization expense related to the long-term intangible assets of $ 3,170,377

for each of the next five years.

Minimum reclamation standards

established by federal and state regulatory agencies govern the Company’s reclamation requirements at its mining operations.

Company’s asset retirement obligations consist principally of costs to restore acreage disturbed by surface mining operations as

well as costs associated with reclaiming support acreage, treating mine water discharge, and performing other related functions at underground

The Company records asset retirement obligations at fair value in the period in which the legal obligation associated with the

retirement of the long-lived asset is incurred.

Changes to asset retirement obligations resulting from permitted sites being added or

removed or changes in future cash flow estimates are made in the period in which the change occurs and are offset by increasing or decreasing

the carrying value of the related long-lived asset by an equal amount.

Changes to the asset retirement obligation are also recognized

as accretive expense in future periods.

Changes to long-lived assets are also recognized as amortization expense in future periods.

Company reviews its estimated future cash flows for asset retirement obligations on at least an annual basis.

The Company’s asset

retirement obligations are based on management’s best estimate and may change from period to period as estimated future cash flows

SCHEDULE OF ASSET RETIREMENT OBLIGATION

asset retirement obligations on December 31, 2025

during the period

added during the period

removed during the period

in estimated cash flows during the period

during the period

asset retirement obligations on March 31, 2026

of Common Stock

5 unchanged sentences

The aggregate proceeds to the Company were approximately $ 100,000 .

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

January 13, 2026, the Company entered into a securities purchase agreement for the issuance and sale of 1,033,333 shares of the Company’s

common stock at a price of $ 0.15 per share.

The aggregate proceeds to the Company were approximately $ 155,000 .

The proceeds from the issuance of additional shares were used to fund ongoing operations.

STOCK OPTIONS

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.

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.

summary of the Company’s stock option activity during the nine months ended September 30, 2025 is as follows:

options issued during the three months ended March 31, 2026 and the three months ended March 31, 2025

stock options were granted to directors, advisors, or employees during the three months ended March 31, 2026 or the three months ended

March 31, 2025.

the three months ended March 31, 2025, the Company recorded $ 4,490 in stock-based compensation expense related to vested stock options.

At March 31, 2026, there was no unamortized cost of stock-based awards.

summary of the Company’s stock option activity during the three months ended March 31, 2026 is as follows:

OF STOCK OPTION ACTIVITY

1 unchanged sentence

Balance Outstanding at December 31, 2025

Balance Outstanding at September 30, 2025

Balance Exercisable at September 30, 2025

September 30, 2025, the 12,243,376 outstanding stock options had $ 145,630 of intrinsic value.

summary of the Company’s stock options outstanding and exercisable as of September 30, 2025 is as follows:

Balance Outstanding at March 31, 2026

Balance Exercisable at March 31, 2026

March 31, 2026, the 13,185,876 outstanding stock options had $ 630 of intrinsic value.

summary of the Company’s stock options outstanding and exercisable as of March 31, 2026 is as follows:

OF STOCK OPTION OUTSTANDING

Number of Options

Weighted Average Exercise Price

Weighted Average Grant- Date Stock Price

Options Outstanding and Exercisable, September 30, 2025

$ 1.50 - 1.95

Options Outstanding and Exercisable, March 31, 2026

$ 1.50 - 1.95

1 unchanged sentence

$ 2.00 - 2.79

summary of Company’s warrants activity during the nine months ended, and as of, September 30, 2025 is as

OF WARRANTS ACTIVITY

summary of warrants to purchase common stock issued during the three months ended March 31, 2026 is as follows:

SCHEDULE OF WARRANTS ACTIVITY

Exercise Price

Balance Outstanding and Exercisable at December 31, 2025

Balance Outstanding and Exercisable at September 30, 2025

September 30, 2025, the 3,166,667 outstanding stock warrants had no intrinsic value.

Balance Outstanding and Exercisable at March 31, 2026

March 31, 2026, the 3,166,667 outstanding stock warrants had no intrinsic value.

LINE OF CREDIT

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

In November 2023, the Company 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 .

The line of credit, as amended, had a maturity date of December 31, 2025 , and bore interest at the fixed rate of

As of March 31, 2026 and December 31, 2025, the balance due under the line of credit was $ 0 .

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 .

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

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.

pursuant to which principal and accrued interest payments were required in March, June, September and December.

The loan had a

maturity date of December

31, 2025 , and bore interest at the fixed rate of 7.75 %.

As of March 31, 2026 and December 31, 2025, the balance due under the loan was $ 0 .

September 2025, the Company consolidated both of the above-referenced credit facilities into one bank term loan in the principal

amount of $ 1,800,000

with a maturity date of June 30, 2030 (refer to Note 10).

The bank term loan bears interest at the fixed rate of 7.75 %.

Quarterly interest-only payments were required through December 2025 and beginning in 2026, quarterly principal and interest

payments are required in March, June, September and December.

LONG-TERM DEBT OBLIGATIONS

debt consists of the bank term debt which was consolidated from existing lines of credit in September 2025.

The bank term loan,

referenced above in Note 9, has a principal balance of $ 1,800,000

with a maturity date of June

The bank term loan bears interest at the fixed rate of seven and three-quarters per cent ( 7.75 %).

Quarterly interest only payments were required through December 2025.

Beginning in 2026, quarterly principal and interest payments

are required in March, June, September and December.

LONG-TERM DEBT OBLIGATIONS

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.

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.

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

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.

The Company did not make a scheduled payment of $ 100,000 due on March 31, 2026;

the payment was subsequently made

on April 30, 2026.

This matter did not result in any acceleration of the underlying obligation or other significant consequences.

summary of payments due under the Company’s long-term debt as of March 31, 2026 is as follows:

SCHEDULE OF MATURITIES OF LONG TERM DEBT

April 2026 through March 2027

April 2027 through March 2028

April 2028 through March 2029

April 2029 through March 2030

April 2030 through June 2030

Total long-term debt

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.

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.

receivable from the largest customer were 100 % of total accounts receivable as of September 30, 2025 and 0 % as of December 31, 2024.

to the Company’s largest customer accounted for 59 %

of total revenues sales for the three months ended March 31, 2026, and 44 % for the year ended December 31, 2025.

receivable from this customer represented 80 %

and 75 % of total accounts receivable as of March 31, 2026 and December 31, 2025, respectively.

COMMITMENTS AND CONTINGENCIES

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.

From time to time, the Company is involved in legal

matters arising in the ordinary course of business.

While management believes that such matters are not currently material, there can

be no assurance these or other matters will not have an adverse effect on its business, financial condition or results of operations.

SEGMENT INFORMATION

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:

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.

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

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.

280, “Segment Reporting” establishes standards for reporting operating segment information consistent with the

Company’s internal organizational structure, as well as disclosures related to services, categories, business segments and

major customers.

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 operating business segments, which had been previously reported separately, are now

included within the Range Services operating business segment.

The Company’s previous Graphium Biosciences segment was

classified as discontinued operations during the third quarter of 2024.

Accordingly, its results are excluded from the table

below, which only reflects continuing operations for all periods presented.

In accordance with ASC 280, the Company’s Chief

Executive Officer has been identified as the chief operating decision-maker, who reviews consolidated operating results to allocate

resources and assess performance.

Under the management approach to segment reporting, the Company reports selected segment

information on a quarterly basis and provides annual entity-wide disclosures about products and services, major customers and

geographic information.

All material operating units meet the criteria under ASC 280 due to their similar customer base and

similarities in economic characteristics, nature of products and services, and procurement, manufacturing and distribution

two reportable segments that result from applying the aggregation criteria are as follows:

2 unchanged sentences

Company had no inter-segment sales for the periods presented.

financial information concerning the Company’s reportable segments (excluding discontinued operations) is shown

OF FINANCIAL INFORMATION OF REPORTABLE SEGMENT

For the three months ended September 30, 2025

financial information concerning the Company’s reportable segments is shown as below:

SCHEDULE OF FINANCIAL INFORMATION OF REPORTABLE SEGMENT

Range Services

Gross profit (loss)

Net income (loss)

Interest expense

Capital expenditures for long-lived assets

For the three months ended September 30, 2024

For the three months ended March 31, 2026

Range Services

Gross profit (loss)

Net income (loss)

Operating income (loss)

( 1,277,094 )

( 1,799,205 )

Interest expense

Capital expenditures for long-lived assets

For the nine months ended September 30, 2025

Range Services

Gross profit (loss)

Operating income (loss) from discontinued operations

Net income (loss)

( 1,277,094 )

( 1,833,690 )

Depreciation from continuing operations

Deprecation from discontinued operations

Interest expense

Capital expenditures for long-lived assets

For the nine months ended September 30, 2024

Range Services

Gross profit (loss)

For the three months ended March 31, 2025

Range Services

Operating income (loss) from continuing operations

Operating income (loss) from discontinued operations

Net income (loss)

( 5,784,070 )

( 1,109,856 )

( 6,893,926 )

Depreciation from continuing operations

Deprecation from discontinued operations

Interest expense

2 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1. Financial Statements