RANGE IMPACT, INC. 10-Q

Item 1. Financial Statements (Unaudited) RANGE IMPACT, INC. CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) CONSOLIDATED BALANCE SHEETS AS OF JUNE 30, 2026 (UNAUDITED) AND DECEMBER 31, 2025 4 CONSOLIDATED UNAUDITED STATEMENTS OF OPERATIONS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2026 AND JUNE 30, 2025 5 CONSOLIDATED UNAUDITED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2026 AND JUNE 30, 2025 6 CONSOLIDATED UNAUDITED STATEMENTS OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2026 AND JUNE 30, 2025 7 NOTES TO THE CONSOLIDATED UNAUDITED FINANCIAL STATEMENTS 8 3 RANGE IMPACT, INC. CONSOLIDATED BALANCE SHEETS June 30, 2026 (Unaudited) December 31, 2025 Assets Current Assets Cash and cash equivalents $ 646,009 $ 2,110,171 Accounts receivable 1,438,276 617,929 Stock subscription receivable 750,000 - Prepaid expenses 49,395 14,810 Deposits 15,115 15,395 Total current assets 2,898,795 2,758,305 Long-term Assets Land 42,548,402 42,548,402 Property and equipment, net of accumulated depreciation 84,441 115,375 Note receivable 658,240 - Long-term intangible assets 76,242,451 77,814,610 Total long-term assets 119,533,534 120,478,387 Total Assets $ 122,432,329 $ 123,236,692 Liabilities and Stockholders’ Equity Current Liabilities Current portion of bank debt $ 400,000 $ 400,000 Accounts payable 852,493 1,136,907 Accrued expenses 2,165,909 2,165,909 Total current liabilities 3,418,402 3,702,816 Long-term Liabilities Bank debt, net of current portion 1,200,000 1,400,000 Deposits held 1,000,000 1,000,000 Asset retirement obligations 79,919,368 79,344,297 Total long-term debt 82,119,368 81,744,297 Total liabilities 85,537,770 85,447,113 Stockholders’ Equity Controlling Interest: Common stock, par value $ 0.001 per share; 1,000,000,000 shares authorized; 121,710,366 and 112,282,745 shares issued and outstanding, respectively 121,710 112,283 Additional paid-in-capital 61,854,557 59,063,484 Accumulated deficit ( 40,150,652 ) ( 37,712,204 ) Total controlling equity interest 21,825,615 21,463,563 Noncontrolling equity interest 15,068,944 16,326,016 Total stockholders’ equity 36,894,559 37,789,579 Total Liabilities and Stockholders’ Equity $ 122,432,329 $ 123,236,692 See accompanying notes to the consolidated financial statements. 4 RANGE IMPACT, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) 2026 2025 2026 2025 Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Revenues $ 1,109,661 $ 1,106,089 $ 2,025,041 $ 1,106,089 Costs and expenses: Costs of services 60,079 130,412 105,936 238,396 Depreciation of property and equipment 13,087 20,260 30,934 63,771 Amortization of long-term intangible assets 790,423 364,167 1,572,159 364,167 Accretion of asset retirement obligations 1,547,191 592,134 2,951,531 592,134 General and administrative 526,743 317,987 991,548 757,899 Total operating expenses 2,937,523 1,424,960 5,652,108 2,016,367 (Loss) from continuing operations before other income (expense) ( 1,827,862 ) ( 318,871 ) ( 3,627,067 ) ( 910,278 ) Other income (expense): Other income - 2,444 - 86,071 Gain on bargain purchase - - - 5,602,484 Gain (loss) on sale of fixed assets - ( 34,012 ) - 25,668 Deficiency claim on returned equipment - ( 560,402 ) - ( 560,402 ) Interest expense ( 33,968 ) ( 87,318 ) ( 68,453 ) ( 178,186 ) Total other income (expense) ( 33,968 ) ( 679,288 ) ( 68,453 ) 4,975,635 Income (loss) from continuing operations ( 1,861,830 ) ( 998,159 ) ( 3,695,520 ) 4,065,357 Income (loss) from discontinued operations - ( 30,636 ) - 5,475 Net income (loss) $ ( 1,861,830 ) ( 1,028,795 ) ( 3,695,520 ) $ 4,070,832 Net income (loss) per share – basic and diluted $ ( 0.02 ) ( 0.01 ) ( 0.03 ) $ 0.04 Weighted average number of common shares outstanding – basic and diluted 115,419,936 106,406,032 114,299,602 106,406,032 See accompanying notes to the consolidated financial statements. 5 RANGE IMPACT, INC. CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (Unaudited) Number of Shares Amount Paid-in Capital Accumulated Deficit Noncontrolling Interest Total Three Months Ended June 30, 2026 Common Stock Additional Number of Shares Amount Paid-in Capital Accumulated Deficit Noncontrolling Interest Total Balance as of March 31, 2026 (Unaudited) 113,316,078 $ 113,316 $ 59,217,451 $ ( 38,951,344 ) $ 15,731,466 $ 36,110,889 Shares issued 8,394,288 8,394 2,529,106 - - 2,537,500 Stock based compensation - - 108,000 - - 108,000 Net loss - - - ( 1,199,308 ) ( 662,522 ) ( 1,861,830 ) Balance as of June 30, 2026 (Unaudited) 121,710,366 $ 121,710 $ 61,854,557 $ ( 40,150,652 ) $ 15,068,944 $ 36,894,559 Number of Shares Amount Paid-in Capital Accumulated Deficit Total Three Months Ended June 30, 2025 Common Stock Additional Number of Shares Amount Paid-in Capital Accumulated Deficit Total Balance as of March 31, 2025 (Unaudited) 108,616,078 $ 108,616 $ 58,210,161 $ ( 51,780,255 ) $ 6,538,522 Shares issued - - - - - Stock based compensation - - 164,490 - 164,490 Net loss - - - ( 1,028,795 ) ( 1,028,795 ) Balance as of June 30, 2025 (Unaudited) 108,616,078 $ 108,616 $ 58,374,651 $ ( 52,809,050 ) $ 5,674,217 Number of Shares Amount Paid-in Capital Accumulated Deficit Noncontrolling Interest Total Six Months Ended June 30, 2026 Common Stock Additional Number of Shares Amount Paid-in Capital Accumulated Deficit Noncontrolling Interest Total Balance as of December 31, 2025 112,282,745 $ 112,283 $ 59,063,484 $ ( 37,712,204 ) $ 16,326,016 $ 37,789,579 Shares issued 9,427,621 9,427 2,683,073 - - 2,692,500 Stock based compensation - - 108,000 - - 108,000 Net loss - - - ( 2,438,448 ) ( 1,257,072 ) ( 3,695,520 ) Balance as of June 30, 2026 (Unaudited) 121,710,366 $ 121,710 $ 61,854,557 $ ( 40,150,652 ) $ 15,068,944 $ 36,894,559 Number of Shares Amount Paid-in Capital Accumulated Deficit Total Six Months Ended June 30, 2025 Common Stock Additional Number of Shares Amount Paid-in Capital Accumulated Deficit Total Balance as of December 31, 2024 104,727,189 $ 104,727 $ 57,609,560 $ ( 56,879,882 ) $ 834,405 Shares issued for cash 3,888,889 3,889 596,111 - 600,000 Stock based compensation - - 168,980 - 168,980 Net income - - - 4,070,832 4,070,832 Net income (loss) - - - 4,070,832 4,070,832 Balance as of June 30, 2025 (Unaudited) 108,616,078 $ 108,616 $ 58,374,651 $ ( 52,809,050 ) $ 5,674,217 See accompanying notes to the consolidated financial statements. 6 RANGE IMPACT, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) 2026 2025 Six Months Ended June 30, 2026 2025 Cash flows from operating activities: Net income (loss) $ ( 3,695,520 ) $ 4,070,832 Adjustments to reconcile net income (loss) to net cash (used in) operating activities: Gain on bargain purchase - ( 5,602,484 ) Gain on removal of permitted sites - ( 2,444 ) Net gain on asset disposals - ( 25,668 ) Deficiency claims on returned equipment - 560,402 Fair value of vested stock options 108,000 168,980 Depreciation from continuing operations 30,934 63,771 Depreciation from discontinued operations - 61,272 Amortization of long-term intangible assets 1,572,159 364,167 Accretion of asset retirement obligations 2,951,531 592,134 Changes in operating assets and liabilities: Accounts receivable ( 820,347 ) ( 115,395 ) Accounts receivable from discontinued operations - 108,742 Notes receivable ( 658,240 ) - Contract assets - 154,354 Prepaid expenses and other current assets ( 34,585 ) ( 38,639 ) Deposits 280 ( 5,137 ) Accounts payable ( 284,414 ) ( 53,416 ) Accrued expenses - 11,746 Cash paid for asset retirement obligations ( 2,376,460 ) ( 614,548 ) Net cash (used in) operating activities ( 3,206,662 ) ( 301,331 ) Cash flows from investing activities: Equipment purchases - ( 100,000 ) Proceeds from asset sales - 404,500 Net cash provided by investing activities - 304,500 Cash flows from financing activities: Proceeds from stock issuance 1,942,500 600,000 Repayment of line of credit - ( 200,000 ) Repayment of long-term debt ( 200,000 ) ( 522,143 ) Net cash provided by financing activities 1,742,500 ( 122,143 ) Net (decrease) in cash and cash equivalents ( 1,464,162 ) ( 118,974 ) Cash and cash equivalents - beginning of period 2,110,171 167,286 Cash and cash equivalents - end of period $ 646,009 $ 48,312 Supplemental disclosure of cash flow information: Cash paid during the period for: Interest $ 68,846 $ 110,215 See accompanying notes to the consolidated financial statements. 7 RANGE IMPACT, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS THREE AND SIX MONTHS ENDED JUNE 30, 2026 AND 2025 (Unaudited) 1. BUSINESS OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Range Impact, Inc. (the “Company”, “we”, “us” or “our”), was incorporated in the State of Nevada on June 29, 2007. Our 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. Our 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. In 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, 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. The Premier-Cambrian Acquisition is described in more detail in Note 4. 8 Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles (GAAP) and with the instructions to Form 10-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. Reclassifications Certain 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. Prior Period Adjustment During 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 ) $ ( 364,167 ) $ ( 364,167 ) Accretion of asset retirement obligations $ ( 524,033 ) $ ( 524,033 ) $ ( 68,101 ) $ ( 592,134 ) $ ( 592,134 ) Cash paid for asset retirement obligations $ 415,338 $ 415,338 $ 199,210 $ 614,548 $ 614,548 Gain on removal of permitted sites $ - $ - $ 2,444 $ 2,444 $ 2,444 Net income (loss) $ ( 798,181 ) $ 4,301,446 $ ( 230,614 ) $ ( 1,028,795 ) $ 4,070,832 Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates. Discontinued Operations The Company disposed of all of the assets of its wholly-owned subsidiary, Collins Building & Contracting, Inc. (“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. Refer to Note 2 for additional discussion of discontinued operations and disposition of assets. All other notes to these consolidated financial statements present the results of continuing operations and exclude amounts related to discontinued operations for all periods presented. Business Combinations Business combinations are accounted for using the purchase method of accounting under ASC 805, “Business Combinations”. This method requires the Company to record assets and liabilities of the businesses acquired at their estimated fair values as of the acquisition date. Any excess of the cost of the acquisition over the fair value of the net assets acquired is recorded as goodwill. Any excess of the fair value of the net assets acquired over the cost of the acquisition is accounted for as a bargain purchase gain. Determining the fair value requires management to make estimates and assumptions including discount rates, rates of return on assets, and long-term sales growth rates. 9 Revenue Recognition The Company recognizes revenue under ASC 606, “Revenue from Contracts with Customers”. 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 contract; and (5) recognize revenue when (or as) each performance obligation is satisfied. The 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. The 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 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. Contract 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 is included in discontinued operations for the three-month and six-month periods ended June 30, 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. Contract Modifications Contract modifications can occur during the performance of the Company’s contracts. Contracts may be modified to account for changes in contract specifications or requirements. In most instances, contract modifications are for goods or services that are not distinct, and, therefore, are accounted for as part of the existing contract. 10 Cost and Expense Recognition Contract costs include all direct labor, materials, equipment mobilization, subcontractor, and equipment costs, and those indirect costs related to contract performance, such as indirect labor, tools and supplies. Costs are recognized as incurred. Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less at the date of acquisition to be cash equivalents. From time to time, the Company’s cash 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 Trade 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 six months ended June 30, 2026 or the six months ended June 30, 2025. Accounts receivable were $ 1,438,276 and $ 617,929 at June 30, 2026 and December 31, 2025, respectively. No 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. Property & Equipment Property and equipment is carried at cost. Expenditures for maintenance and repairs are charged to cost of services. Additions and betterments are capitalized. The cost and related accumulated depreciation of equipment sold or otherwise disposed are removed from the accounts and any gain or loss is reflected in the current year’s earnings. SCHEDULE OF PROPERTY AND EQUIPMENT June 30, 2026 December 31, 2025 Equipment $ 637,173 $ 637,173 Accumulated depreciation ( 552,732 ) ( 521,798 ) Net book value 84,441 115,375 Depreciation expense (continuing operations) $ 30,934 $ 78,383 Depreciation expense (discontinued operations) - $ 91,908 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. The 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. 11 Land Land 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. SCHEDULE OF LAND June 30, 2026 December 31, 2025 Land, beginning of year $ 42,548,402 $ 1,008,897 Acquisitions during the period - 41,539,505 Impairments - - Land, end of year $ 42,548,402 $ 42,548,402 Income Taxes 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. Leases The Company determines whether a contract is, or contains, a lease at inception. Right-of-use assets represent the Company’s right to use an underlying asset during the lease term, 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. 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. Stock-Based Compensation 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. For employee 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. The fair value of the Company’s stock options is estimated using the Black-Scholes-Merton Option Pricing model, which uses certain assumptions related to risk-free interest rates, expected volatility, expected life of the stock options or restricted stock, and future dividends. Compensation expense is recorded based upon the value derived from the Black-Scholes-Merton Option Pricing model and based on actual experience. The assumptions used in the Black-Scholes-Merton Option Pricing model could materially affect compensation expense recorded in future periods. 12 Basic and Diluted Income (Loss) Per Share Basic 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 Options 13,235,876 13,193,376 Warrants 3,166,667 3,166,667 Total 16,402,543 16,360,043 Anti-dilutive loss per share 16,402,543 16,360,043 Fair Value of Financial Instruments FASB ASC 825, “Financial Instruments” requires that the Company disclose estimated fair values of financial instruments. Financial instruments held by the Company include, among others, accounts receivable, accounts payable and long-term debt. The carrying amounts reported in the balance sheets for assets and liabilities qualifying as financial instruments are a reasonable estimate of fair value. As defined in FASB ASC 280 “Fair Value Measurements”, fair value is the price that would be received to sell an asset or paid to transfer a liability, in an orderly transaction between market participants at the measurement date. In determining fair value, the Company utilizes certain assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and/or the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated, or generally unobservable firm inputs. The Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. Based on the examination of inputs used in the valuation techniques, the Company is required to provide the following information according to the fair value hierarchy. The fair value hierarchy ranks the quality and reliability of the information used to determine fair values. Financial assets and liabilities carried at fair value will be classified and disclosed in one of the following three categories. ● Level 1: Quoted market prices in active markets for identical assets or liabilities ● Level 2: Inputs to the valuation methodology include: ○ Quoted prices for similar assets or liabilities in active markets; ○ Quoted prices for identical assets or similar assets or liabilities in inactive markets; ○ Inputs other than quoted prices that are observable for the asset or liability; ○ Inputs that are derived principally from or corroborated by observable market data by correlation or other means. ● Level 3: Unobservable inputs that are not corroborated by market data A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Segments As 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. 13 In accordance with the “Segment Reporting” Topic of the ASC 280, the Company’s chief operating decision-maker has been identified as the Chief Executive Officer, who reviews operating results to make decisions about allocating resources and assessing performance for the entire Company. Existing guidance, which is based on a management approach to segment reporting, establishes requirements to report selected segment information quarterly and to report annually entity-wide disclosures about products and services, major customers, and the countries in which the entity holds material assets and reports revenue. All material operating units qualify for aggregation under “Segment Reporting” due to their similar customer base and similarities in economic characteristics, nature of products and services, and procurement, manufacturing, and distribution processes. Recent Accounting Pronouncements In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures”. This ASU enhances income tax disclosures by providing information to better assess how an entity’s operations, related tax risks, tax planning and operational opportunities affect its tax rate and prospects for future cash flows. This ASU requires additional disclosures to the annual effective tax rate reconciliation including specific categories and further disaggregated reconciling items that meet the quantitative threshold. Additionally, this ASU requires disclosures relating to income tax expense and payments made to federal, state, local and foreign jurisdictions. This ASU is effective for fiscal years 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. 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. 2. 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. Loss from Discontinued Operations Discontinued 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. The 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: SCHEDULE OF DISCONTINUING OPERATIONS INCOME STATEMENT 3 Months Ended June 30, 2025 6 Months Ended June 30, 2025 Revenue $ 285,394 $ 981,095 Cost of revenues $ 285,394 $ 914,348 Depreciation $ 30,636 $ 61,272 Income (loss) from discontinued operations $ ( 30,636 ) $ 5,475 14 3. ACQUISITION OF FOLA MINE On 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 25-year lease for the development of a large-scale solar project. 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 $ - Accretion during the period 1,912,968 Sites added during the period 36,562,110 Sites removed during the period ( 134,596 ) Revisions in estimated cash flows during the period ( 655,605 ) Expenditures during the period ( 1,479,574 ) Asset retirement obligation, December 31, 2025 $ 36,205,303 The Company accounted for the above-described transactions as a business combination in accordance with ASC 805 “Business Combinations”. The Company has made an allocation of the purchase price paid for the assets acquired and the liabilities assumed. 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 PURCHASE GAIN OF FOLA MINE SITE Fair value of Fola Mine land acquired $ 8,561,000 Accounts receivable credited in lieu of cash ( 2,958,516 ) Bargain purchase gain recognized $ 5,602,484 Cash consideration - Assumed liabilities - Purchase price $ - Acquisition transaction costs incurred $ 19,938 15 4. ACQUISITION OF PREMIER-CAMBRIAN MINE On December 31, 2025, the Company, through its wholly-owned subsidiary, Range Bluegrass Land, LLC (“Range Bluegrass”), 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 (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 $ - Accretion during the period - Sites added during the period 43,138,994 Sites removed during the period - Revisions in estimated cash flows during the period - Expenditures during the period - Asset retirement obligation, December 31, 2025 $ 43,138,994 In 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 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 project anticipated under the Consulting Agreements is on hold and no revenue has been recognized for the six months ended June 30, 2026. 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. The Company accounted for these transactions as a business combination in accordance with ASC 805 “Business Combinations”. The 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 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 OF PREMIER-CAMBRIAN MINE SITE Fair value of Premier-Cambrian Mine land acquired $ 32,978,505 Assumed liabilities ( 326,473 ) Bargain purchase gain before noncontrolling interest adjustment $ 32,652,032 Noncontrolling interest adjustment of 50% ( 16,326,016 ) Bargain purchase gain $ 16,326,016 Purchase price $ - Acquisition transaction costs incurred $ 24,710 16 5. ASSET RETIREMENT OBLIGATIONS Reclamation. 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. 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. 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 obligations. The 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: Discount Rate . 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 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. The 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%, respectively. Third-Party Margin . 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. On 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. As of 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. 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 Total asset retirement obligations on December 31, 2025 $ 79,344,297 Accretion during the six-month period ended June 30, 2026 2,951,531 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 $ 79,919,368 17 6. EQUITY Issuance of Common Stock On January 21, 2025, the Company entered into a securities purchase agreement for the issuance and sale of 3,333,333 shares of the Company’s common stock at a price of $ 0.15 per share. The aggregate proceeds to the Company were $ 500,000 . On February 6, 2025, the Company entered into a securities purchase agreement for the issuance and sale of 555,556 shares of the Company’s common stock at a price of $ 0.18 per share. The aggregate proceeds to the Company were $ 100,000 . On 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 $ 155,000 . On 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 . On 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. 7. STOCK OPTIONS Stock options issued during the three months ended June 30, 2026 and the three months ended June 30, 2025 During 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. 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 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. 18 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. Cash received from the exercise was $ 37,500 , and at the time of the exercise, the options held an intrinsic value of $ 52,500 . During 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. All options 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. A summary of the Company’s stock option activity during the six months ended June 30, 2026 is as follows: SCHEDULE OF STOCK OPTION ACTIVITY Shares Weighted Average Exercise Price Balance Outstanding at December 31, 2025 13,193,376 $ 0.40 Granted 300,000 0.36 Exchanged - - Exercised ( 250,000 ) 0.15 Expired ( 7,500 ) 1.50 Forfeited - - Balance Outstanding at June 30, 2026 13,235,876 $ 0.40 Balance Exercisable at June 30, 2026 13,235,876 $ 0.40 At June 30, 2026, the 13,235,876 outstanding stock options had $ 2,640,480 of intrinsic value. A 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 Options Outstanding and Exercisable, June 30, 2026 100,000 $ 0.1337 $ 0.1337 750,000 $ 0.148 $ 0.148 700,000 $ 0.15 $ 0.15 3,050,000 $ 0.18 $ 0.18 1,550,000 $ 0.212 $ 0.212 1,150,000 $ 0.277 $ 0.277 750,000 $ 0.30 $ 0.30 2,000,000 $ 0.35 $ 0.35 300,000 $ 0.36 $ 0.36 250,000 $ 0.38 $ 0.38 1,664,542 $ 0.50 $ 0.50 128,000 $ 0.96 $ 0.96 343,334 $ 1.50 - 1.95 $ 1.50 - 1.95 500,000 $ 2.00 - 2.79 $ 2.00 - 2.79 13,235,876 19 8. WARRANTS A summary of warrants to purchase common stock issued during the six months ended June 30, 2026 is as follows: SCHEDULE OF WARRANTS ACTIVITY Shares Weighted Average Exercise Price Balance Outstanding and Exercisable at December 31, 2025 3,166,667 $ 0.56 Granted - - Exercised - - Expired - - Balance Outstanding and Exercisable at June 30, 2026 3,166,667 $ 0.56 At June 30, 2026, the 3,166,667 outstanding stock warrants had $ 85,000 of intrinsic value. 9. LONG-TERM DEBT OBLIGATIONS Long-term 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. A 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 July 2026 through June 2027 $ 400,000 July 2027 through June 2028 400,000 July 2028 through June 2029 400,000 July 2029 through June 2030 400,000 Total long-term debt $ 1,600,000 20 10. MAJOR CUSTOMER AND CONCENTRATION OF CREDIT RISK Sales 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. Accounts receivable from this customer represented 90 % and 75 % of total accounts receivable as of June 30, 2026 and December 31, 2025, respectively. 11. 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. 12. SEGMENT INFORMATION ASC 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. The Company has two reportable segments that are based on the following business units: (i) Range Land and (ii) Range Services. The 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 processes. The two reportable segments that result from applying the aggregation criteria are as follows: ● Range 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 ● Range Services – services in support of reclamation and redevelopment of acquired mine land The Company had no inter-segment sales for the periods presented. 21 Summarized financial information concerning the Company’s reportable segments is shown as below: SCHEDULE OF FINANCIAL INFORMATION OF REPORTABLE SEGMENT By Categories Range Land Range Services Corporate Total For the three months ended June 30, 2026 Range Land Range Services Corporate Total Revenue $ 1,109,661 $ - $ - $ 1,109,661 Operating (loss) ( 1,228,471 ) ( 113,798 ) ( 485,593 ) ( 1,827,862 ) Net (loss) ( 1,228,471 ) ( 113,798 ) ( 519,561 ) ( 1,861,830 ) Total assets 121,292,797 144,685 994,847 122,432,329 Depreciation - 13,087 - 13,087 Amortization 790,423 - - 790,423 Accretion 1,547,190 - - 1,547,190 Interest expense - - 33,968 33,968 Capital expenditures for long-lived assets $ - $ - $ - $ - Range Land Range Services Corporate Total For the three months ended June 30, 2025 Range Land Range Services Corporate Total Revenue $ 1,106,089 $ - $ - $ 1,106,089 Operating income (loss) continuing 110,939 ( 19,102 ) ( 410,708 ) ( 318,871 ) Operating income (loss) discontinued - ( 30,636 ) - ( 30,636 ) Net income (loss) 113,384 ( 709,353 ) ( 432,826 ) ( 1,028,795 ) Total assets 45,773,946 1,402,602 57,668 47,234,216 Depreciation from continuing operations - 20,260 - 20,260 Depreciation from discontinued operations - 30,636 - 30,636 Amortization 364,167 - - 364,167 Accretion 592,134 - - 592,134 Interest expense - 65,200 22,118 87,318 Capital expenditures for long-lived assets $ - $ - $ - $ - Range Land Range Services Corporate Total For the six months ended June 30, 2026 Range Land Range Services Corporate Total Revenue $ 2,025,041 $ - $ - $ 2,025,041 Operating (loss) ( 2,505,565 ) ( 228,045 ) ( 893,457 ) ( 3,627,067 ) Operating income (loss) from discontinued operations - - - - Net (loss) ( 2,505,565 ) ( 228,045 ) ( 961,910 ) ( 3,695,520 ) Total assets 121,292,797 144,685 994,847 122,432,329 Depreciation - 30,934 - 30,934 Depreciation from continuing operations - - - - Deprecation from discontinued operations - - - - Amortization 1,572,159 - - 1,572,159 Accretion 2,951,531 - - 2,951,531 Interest expense - - 68,453 68,453 Capital expenditures for long-lived assets $ - $ - $ - $ - Range Land Range Services Corporate Total For the six months ended June 30, 2025 Range Land Range Services Corporate Total Revenue $ 1,106,089 $ - $ - $ 1,106,089 Operating income (loss) from continuing operations 87,874 ( 254,329 ) ( 743,823 ) ( 910,278 ) Operating income (loss) from discontinued operations - 5,475 - 5,475 Net income (loss) 5,692,802 ( 931,322 ) ( 690,648 ) 4,070,832 Total assets 45,773,946 1,402,602 57,668 47,234,216 Depreciation from continuing operations - 63,771 - 63,771 Depreciation from discontinued operations - 30,636 - 30,636 Amortization 364,167 - - 364,167 Accretion 592,134 - - 592,134 Interest expense - 147,734 30,452 178,186 Capital expenditures for long-lived assets $ - $ 100,000 $ - $ 100,000 13. SUBSEQUENT EVENTS On 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 per share. 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. On 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. 22