What changed in this filing

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Item 1. Financial Statements

2026-08-12 compared with 2026-05-15 · 487 added, 408 removed, 376 unchanged (70% of the section changed)

1 unchanged sentence

FINANCIAL STATEMENTS

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

CONSOLIDATED BALANCE SHEETS AS OF JUNE 30, 2026 (UNAUDITED) AND DECEMBER 31, 2025

CONSOLIDATED UNAUDITED STATEMENTS OF OPERATIONS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2026 AND JUNE 30, 2025

CONSOLIDATED UNAUDITED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2026 AND JUNE 30, 2025

CONSOLIDATED UNAUDITED STATEMENTS OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2026 AND JUNE 30, 2025

NOTES TO THE CONSOLIDATED UNAUDITED FINANCIAL STATEMENTS

BALANCE SHEETS

March 31, 2026

June 30, 2026

December 31, 2025

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Accounts receivable

Stock subscription receivable

Prepaid expenses

2 unchanged sentences

Property and equipment, net of accumulated depreciation

Note receivable

Long-term intangible assets

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STATEMENTS OF OPERATIONS

Three Months Ended March 31,

Three Months Ended June 30,

Six Months Ended June 30,

Costs and expenses:

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( 1,827,862 )

( 3,627,067 )

Other income (expense):

Gain on bargain purchase

Gain on sale of fixed assets

Gain (loss) on sale of fixed assets

Deficiency claim on returned equipment

Interest expense

2 unchanged sentences

( 1,861,830 )

Income from discontinued operations

( 3,695,520 )

Income (loss) from discontinued operations

Net income (loss)

$ ( 1,861,830 )

( 1,028,795 )

( 3,695,520 )

Net income (loss) per share – basic and diluted

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STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY

Accumulated Deficit

Noncontrolling

Three Months Ended March 31, 2026

Accumulated Deficit

Months Ended June 30, 2026

Noncontrolling

Balance as of December 31, 2025

as of March 31, 2026 (Unaudited)

$ ( 38,951,344 )

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( 1,861,830 )

Balance as of March 31, 2026 (Unaudited)

Balance as of June 30, 2026 (Unaudited)

$ ( 40,150,652 )

Three Months Ended March 31, 2025

Balance as of December 31, 2024

Months Ended June 30, 2025

as of March 31, 2025 (Unaudited)

$ ( 51,780,255 )

Shares issued

Stock based compensation

( 1,028,795 )

Balance as of June 30, 2025 (Unaudited)

$ ( 52,809,050 )

Noncontrolling

Months Ended June 30, 2026

Noncontrolling

Balance as of December 31, 2025

$ ( 37,712,204 )

Shares issued

Stock based compensation

Net income (loss)

Balance as of March 31, 2025 (Unaudited)

( 2,438,448 )

( 1,257,072 )

( 3,695,520 )

Balance as of June 30, 2026 (Unaudited)

$ ( 40,150,652 )

Months Ended June 30, 2025

as of December 31, 2024

$ ( 56,879,882 )

issued for cash

based compensation

income (loss)

as of June 30, 2025 (Unaudited)

$ ( 52,809,050 )

accompanying notes to the consolidated financial statements.

STATEMENTS OF CASH FLOWS

Three Months Ended March 31,

Six Months Ended June 30,

Cash flows from operating activities:

4 unchanged sentences

( 5,602,484 )

Gain on removal of permitted sites

Net gain on asset disposals

Deficiency claims on returned equipment

Fair value of vested stock options

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Accounts receivable from discontinued operations

Notes receivable

Contract assets

5 unchanged sentences

Net cash (used in) operating activities

( 3,206,662 )

Cash flows from investing activities:

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Proceeds from stock issuance

Repayment of line of credit

Repayment of long-term debt

Net cash provided by financing activities

Net increase (decrease) in cash and cash equivalents

Net (decrease) in cash and cash equivalents

( 1,464,162 )

Cash and cash equivalents - beginning of period

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TO CONSOLIDATED FINANCIAL STATEMENTS

MONTHS ENDED MARCH 31, 2026 AND 2025

AND SIX MONTHS ENDED JUNE 30, 2026 AND 2025

BUSINESS OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

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on June 29, 2007.

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.

mission is to become a catalyst for long-term economic growth in disadvantaged coal communities throughout Appalachia and develop long-term solutions to environmental, social, and health challenges resulting from decades of coal mining.

strategy is to acquire large former coal mines burdened by legacy permits and bond obligations, reclaim the former coal mines to unlock

the underlying value of the land, and redevelop the land to meet strategically essential future needs of the United States, including

power generation, data centers, rare earth elements, agriculture, housing, and health.

The Company’s new land acquisition,

reclamation, and redevelopment strategy began in March 2025 and is being conducted through its two operating segments, Range Land and

Range Services, as described in Notes 3,4 and 12.

The Company previously conducted other business operations under the names Legend

Mining Inc., Stevia First Corp., Vitality Biopharma, Inc., and Malachite Innovations, Inc.

since its founding in 2007.

March 2025, the Company, through its wholly-owned subsidiary Range Sky View Land, LLC (“Range Sky View”), acquired approximately

13,000 acres of surface land and 107,000 acres

of mineral interests associated with the Fola mine complex (“Fola Mine”) located in Clay and Nicholas Counties, West Virginia

(“Fola Acquisition”).

As part of the Fola Acquisition, Range Sky View Land assumed responsibility for 36 mining permits with

$ 36.5 million of estimated reclamation obligations.

The Company also assumed two coal royalty contracts and one 25-year solar lease on more than 1,000 acres at the Fola Mine.

The Fola Acquisition is described in more detail in Note 3.

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 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.

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

approximately 15,700 acres of surface land and 42,500 acres of mineral interests associated with the Premier Elkhorn mine complex

and Cambrian Coal mine complex (the “Premier-Cambrian Mine”) in Pike, Letcher and Floyd Counties, Kentucky (the

“Premier-Cambrian Acquisition”).

As part of the Premier-Cambrian Acquisition, Range Bluegrass assumed responsibility for

43 mining permits with $ 43.1 million of estimated reclamation obligations.

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

of Presentation

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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.

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.

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prior period amounts have been reclassified to conform with the current period’s presentation.

For the three and six months

ended June 30, 2025, in addition to reclassification of revenues and expenses related to discontinued operations, land attributable

to asset retirement costs was reclassified to long-term intangible assets.

This resulted in changes to the asset retirement

obligations and the recognition of accretion expense and amortization expense of the long-term intangible assets.

Period Adjustment

the year ended December 31, 2025, in addition to reclassifications due to discontinued operations, the Company changed classifications

and methodologies related to the accounting for asset retirement obligations and the related asset retirement costs, including the recognition

and amortization of the associated long-lived asset and the accretion of the asset retirement obligation.

Management evaluated the changes

in accordance with ASC 250 and applicable SEC guidance and concluded that the changes were not material, individually or in the aggregate,

to the Company’s previously issued financial statements.

Accordingly, the Company was not required to amend its previously filed Quarterly Reports on Form 10-Q.

However, the comparative financial

information for the three and six months ended June 30, 2025 presented in these financial statements has been revised to reflect these

immaterial changes.

As a result, certain amounts presented herein differ from the amounts originally reported in the Company’s

Quarterly Report on Form 10-Q for the quarter ended June 30, 2025.

Below are the changes to the previously filed Consolidated Statements of Operations.

SCHEDULE OF PRIOR PERIOD ADJUSTMENT

As Reported Three Months Ended June 30, 2025

As Reported Six Months Ended June 30, 2025

Immaterial Change

As Adjusted Three Months Ended June 30, 2025

As Adjusted Six Months Ended June 30, 2025

Amortization of long-term intangible assets

$ ( 364,167 )

Accretion of asset retirement obligations

$ ( 524,033 )

$ ( 592,134 )

Cash paid for asset retirement obligations

Gain on removal of permitted sites

Net income (loss)

$ ( 798,181 )

$ ( 230,614 )

$ ( 1,028,795 )

preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires

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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.

(“Collins 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”.

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;

Under this standard, revenue is recognized

by applying a five-step 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

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

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

and (5) recognize

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

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

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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

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 costs.

Then, this percentage of completion was applied to the transaction

price to determine the amount of revenue recognized.

The Company believes this method provides a faithful depiction of performance as

it directly reflects the value of the services transferred to the customer.

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.

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 is included in discontinued operations for the three-month and six-month

periods ended June 30, 2025.

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.

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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 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

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 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 June 30, 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,

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 six months ended June 30, 2026 or the six months ended June 30, 2025.

Accounts receivable were $ 1,438,276

and $ 617,929

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.

at June 30, 2026 and December 31, 2025, respectively.

credit loss expense was incurred in either the six months ended June 30, 2026 or the six months ended June 30, 2025 and there is no

allowance for expected credit losses as of June 30, 2026 or December 31, 2025.

Note Receivable

On May 31, 2026, the Company entered into a draw promissory

note agreement with an unrelated third party, Cumberland Coal Corporation, providing a maximum borrowing facility of $ 4,000,000 .

As of June 30, 2026,

cumulative principal draws outstanding totaled $ 658,240 .

Key terms of the note include 10 % fixed interest, payable quarterly commencing

June 1, 2026.

The maturity date is May 31, 2031 and the entire principal balance is due in full on the maturity date.

The note is secured

by all personal property and fixtures of Cumberland Coal Corporation.

and equipment is carried at cost.

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

OF PROPERTY AND EQUIPMENT

March 31, 2026

SCHEDULE OF PROPERTY AND EQUIPMENT

June 30, 2026

December 31, 2025

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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.

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.

No assets were identified for impairment.

These assets are

reported within the Range Services operating business segment.

is carried at cost.

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No land was identified for impairment.

March 31, 2026

SCHEDULE OF LAND

June 30, 2026

December 31, 2025

2 unchanged sentences

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.

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.

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

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.

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

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 June 30, 2026 and December 31, 2025, the Company had no lease

commitments with terms exceeding one year.

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.

For employee awards, compensation expense is recognized on the straight-line basis over the vesting

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) 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

March 31, 2026

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:

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

June 30, 2026

December 31, 2025

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to the fair value measurement.

of March 31, 2026, the Company has two operating

business segments:

of June 30, 2026, the Company has two 2 operating business segments:

(i) Range Land and (ii) Range Services.

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.

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

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Accounting Pronouncements

In December 2023, the FASB

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

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.

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.

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 and interim periods beginning after December 15, 2024.

The Company made the requisite updates in the notes to the annual financial statements for the period ended 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 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.

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.

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

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.

4 unchanged sentences

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.

operations for the three and six months ended June 30, 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

SCHEDULE OF DISCONTINUING OPERATIONS INCOME STATEMENT

3 Months Ended

June 30, 2025

6 Months Ended

June 30, 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, 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.

Income (loss) from discontinued operations

ACQUISITION OF FOLA MINE

March 31, 2025, the Company, through its wholly-owned subsidiary, Range Sky View Land, LLC (“Range Sky View”), entered

into an agreement with AppleAtcha Land, LLC and WV Reclaim Co.

LLC pursuant to which it acquired approximately 13,000 acres of

surface land and 107,000 acres of mineral interests associated with the Fola mine complex (“Fola Mine”) located

in Clay and Nicholas Counties, West Virginia (the “Fola Acquisition”).

As part of the Fola Acquisition, Range Sky View

Land assumed responsibility for 36 mining permits owned and controlled by WV Reclaim Co.

LLC with $ 36.5 million of estimated

reclamation obligations.

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

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

See the table below for more information regarding the reporting of these transactions:

SCHEDULE OF BUSINESS ACQUISITION OF FOLA MINE SITE

Asset retirement obligation, December 31, 2024

6 unchanged sentences

Asset retirement obligation, December 31, 2025

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

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

Combinations”.

3 unchanged sentences

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

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

PURCHASE GAIN

OF BARGAIN PURCHASE GAIN OF FOLA MINE SITE

Fair value of Fola Mine land acquired

6 unchanged sentences

Acquisition transaction costs incurred

ACQUISITION OF PREMIER-CAMBRIAN MINE SITE

ACQUISITION OF PREMIER-CAMBRIAN MINE

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

entered into an agreement with Continental Land Co.

LLC pursuant to which it acquired 15,700

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

acres of mineral interests associated with the Premier Elkhorn mine complex and Cambrian Coal mine complex (the

“Premier-Cambrian Mine”) in Pike, Letcher and Floyd Counties, Kentucky (the “Premier-Cambrian Acquisition”).

As part of the Premier-Cambrian Acquisition, Range Bluegrass assumed responsibility for 43 mining permits owned

and controlled by Reckoning Reclamation LLC with $ 43.1 million of estimated reclamation obligations.

In connection with this transaction, the Company recorded asset retirement obligations of $ 43,138,994 on December

31, 2025 (and capitalized an equal amount as a long-term intangible asset).

See the table below for more information regarding the reporting

of these transactions:

SCHEDULE OF BUSINESS ACQUISITION OF PREMIER-CAMBRIAN MINE SITE

Asset retirement obligation, December 31, 2024

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Asset retirement obligation, December 31, 2025

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

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

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

3 unchanged sentences

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

The project anticipated under the Consulting Agreements is on hold and no revenue has been recognized for the six months ended June

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.

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.

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”.

2 unchanged sentences

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

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

The Company also assumed liabilities 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

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”.

OF BARGAIN PURCHASE GAIN OF PREMIER-CAMBRIAN MINE SITE

Fair value of Premier-Cambrian Mine land acquired

7 unchanged sentences

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 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.

activities primarily include restoring refuse and slurry ponds, reclaiming pits and related surface areas, sealing portals at underground

mines, and treating water.

The Company 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.

Productivity assumptions are based on historical performance of the equipment expected to be utilized

in the reclamation activities.

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 obligations.

Company’s asset retirement obligations are initially recorded at fair value, determined using assumptions 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.

2 unchanged sentences

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.

maturities similar to expected mine lives and adjusts 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.

discount rates 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%,

10 unchanged sentences

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

at least an annual basis, the Company reviews its reclamation liabilities and makes 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

As of December 31, 2025, the Company recorded asset

retirement obligation liabilities of $ 79,344,297 ,

4 unchanged sentences

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

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

mining operations.

The 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 mines.

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 accretion expense in future periods.

Changes to long-lived assets are also recognized as amortization expense

in future periods.

The 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 change.

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

Total asset retirement obligations on December 31, 2025

Accretion during the six-month period ended June 30, 2026

Sites added during the six-month period ended June 30, 2026

Sites removed during the six-month period ended June 30, 2026

Revisions in estimated cash flows during the six-month period ended June 30, 2026

Expenditures during the six-month period ended June 30, 2026

( 2,376,460 )

Total asset retirement obligations on June 30, 2026

of Common Stock

1 unchanged sentence

common stock at a price of $ 0.15 per share.

The aggregate proceeds to the Company were approximately $ 500,000 .

The aggregate proceeds to the Company were $ 500,000 .

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 .

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

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 aggregate proceeds to the Company were $ 155,000 .

May 31, 2026, the Company entered into a securities purchase agreement for the issuance and sale of 6,256,704 shares of the Company’s

common stock at a price of $ 0.28 per share.

The aggregate proceeds to the Company were $ 1,750,000 .

June 30, 2026, the Company entered into a securities purchase agreement for the issuance and sale of 1,887,584 shares of the Company’s

common stock at a price of $ 0.40 per share.

The aggregate proceeds to the Company were $ 750,000 .

Under the terms of a stock purchase agreement dated May 31, 2026, the Company has

commitments to purchase shares of the Company’s common stock for an aggregate purchase price of $ 10,000,000 , priced at the

volume weighted average price for each applicable month.

The Company has recorded $ 2,500,000

stock purchases under this agreement through June 30, 2026.

Payment and issuance of future share purchases of $ 7,500,000

are scheduled to occur in installments of $ 750,000

per month through April 2027.

STOCK OPTIONS

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

options issued during the three months ended June 30, 2026 and the three months ended June 30, 2025

the three months ended June 30, 2026, the Company granted options to a strategic advisor to purchase 300,000 shares of the Company’s

common stock with an exercise price of $ 0.36 per share that expire ten years from the date of grant.

The options vested upon grant.

fair value of the option award was estimated on the date of grant using the Black-Scholes-Merton Option Pricing model based on the following

(i) volatility rate of 251.86 %, (ii) discount rate of 4.6 %, (iii) zero expected dividend yield, and (iv) expected life of

10 years, which is the term of the options.

The total fair value of the option grant at its grant date was approximately $ 108,000 which

was allocated to general and administrative expenses during the three months ended June 30, 2026.

Additionally,

a director exercised a stock option for 250,000 shares at the strike price of $ 0.15 during the three months ended June 30, 2026.

received from the exercise was $ 37,500 , and at the time of the exercise, the options held an intrinsic value of $ 52,500 .

the three months ended June 30, 2025, the Company granted options to an officer and two directors to purchase 250,000 shares (each) of

the Company’s common stock with an exercise price of $ 0.148 per share that expire ten years from the date of grant.

vested upon grant.

The fair value of the option award was estimated on the date of grant using the Black-Scholes-Merton Option Pricing

model based on the following assumptions:

(i) volatility rate of 259.90 %, (ii) discount rate of 3.75 %, (iii) zero expected dividend yield,

and (iv) expected life of 10 years, which is the term of the options.

The total fair value of the option grants at their grant dates

was approximately $ 37,500 each, for a total of $ 112,500 which was allocated to general and administrative expenses during the three months

ended June 30, 2025.

In addition to the expense recorded for the new option awards, there was $ 51,990 recorded for amortized stock-based

awards during the three months ended June 30, 2025.

summary of the Company’s stock option activity during the six months ended June 30, 2026 is as follows:

SCHEDULE OF STOCK OPTION ACTIVITY

Exercise Price

Balance Outstanding at December 31, 2025

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

Options Outstanding and Exercisable, March 31, 2026

Balance Outstanding at June 30, 2026

Balance Exercisable at June 30, 2026

June 30, 2026, the 13,235,876 outstanding stock options had $ 2,640,480 of intrinsic value.

summary of the Company’s stock options outstanding and exercisable as of June 30, 2026 is as follows:

SCHEDULE OF STOCK OPTION OUTSTANDING

Number of Options

Weighted Average

Exercise Price

Weighted Average

Grant- Date Stock Price

Outstanding and Exercisable, June 30, 2026

$ 1.50 - 1.95

1 unchanged sentence

$ 2.00 - 2.79

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

$ 2.00 - 2.79

summary of warrants to purchase common stock issued during the six months ended June 30, 2026 is as follows:

SCHEDULE OF WARRANTS ACTIVITY

1 unchanged sentence

Balance Outstanding and Exercisable at December 31, 2025

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 Company amended and restated

this line of credit.

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

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.

Balance Outstanding and Exercisable at June 30, 2026

June 30, 2026, the 3,166,667 outstanding stock warrants had $ 85,000 of intrinsic value.

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 %).

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

The bank term loan has a principal balance of $ 1,600,000 with a maturity date of June 30, 2030 .

The bank term loan bears interest at the

fixed rate of seven and three-quarters percent ( 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.

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:

in 2026, quarterly principal and interest payments are required in March, June, September and December.

summary of payments due under the Company’s long-term debt as of June 30, 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

July 2026 through June 2027

July 2027 through June 2028

July 2028 through June 2029

July 2029 through June 2030

Total long-term debt

MAJOR CUSTOMER AND CONCENTRATION OF CREDIT RISK

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.

to the Company’s largest customer accounted for 48 % and 53 % of total revenues for the three and six months ended June 30,

2026, respectively.

Sales to this same customer constituted 17 % and 11 % of total revenues for the three and six months ended June 30,

2025, respectively.

receivable from this customer represented 90 % and 75 % of total accounts receivable as of June 30, 2026 and December 31, 2025, respectively.

COMMITMENTS AND CONTINGENCIES

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.

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 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:

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

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.

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 processes.

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

Land – mine land acquired, reclaimed and repurposed for next generation uses

Services – services in support of reclamation and repurposing of acquired mine land

Land – mine land acquired, reclaimed and re developed to meet strategically essential

future needs of the United States, including power generation, data centers, rare earth elements, agriculture, housing, and health

Services – services in support of reclamation and redevelopment of acquired mine land

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

2 unchanged sentences

Range Services

For the three months ended March 31, 2026

For the three months ended June 30, 2026

Range Services

Operating income (loss)

Operating (loss)

( 1,228,471 )

( 1,827,862 )

Operating income (loss) from discontinued operations

( 1,228,471 )

( 1,861,830 )

Interest expense

Capital expenditures for long-lived assets

Range Services

For the three months ended June 30, 2025

Range Services

Operating income (loss) continuing

Operating income (loss) discontinued

Net income (loss)

( 1,028,795 )

Depreciation from continuing operations

Depreciation from discontinued operations

Interest expense

Capital expenditures for long-lived assets

Range Services

For the six months ended June 30, 2026

Range Services

Operating (loss)

( 2,505,565 )

( 3,627,067 )

Operating income (loss) from discontinued operations

( 2,505,565 )

( 3,695,520 )

Depreciation from continuing operations

3 unchanged sentences

Range Services

For the three months ended March 31, 2025

For the six months ended June 30, 2025

Range Services

3 unchanged sentences

Depreciation from continuing operations

Deprecation from discontinued operations

Depreciation from discontinued operations

Interest expense

1 unchanged sentence

SUBSEQUENT EVENTS

July 1, 2026, the Company granted stock options to certain advisors to purchase up to an aggregate of 600,000

common shares at an exercise price of $ 0.49

300,000 of the options issued to one advisor vested immediately while the other 300,000 options issued to another advisor vest over a 3 three-year period.

All options expire ten years from the grant date.

July 1, 2026, the Company issued warrants to purchase up to 14,500,000

shares of common stock to an entity as compensation for professional services.

The warrants will vest over time as three specific

milestones are achieved.

The warrants expire on July 1, 2033.

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