RANGE IMPACT, INC.

Early-stage Appalachian land-reclamation company whose headline profitability is entirely a bargain-purchase accounting gain.

Strengths

• Large land/mineral asset base assembled via 2025 acquisitions
• Low reported debt-to-equity (25th pct)

Risks

• Explicit going-concern doubt; ~$2.1M cash against near-term needs and a $2.76M operating net loss ex-bargain gain
• 100th-pct net margin, revenue growth and ROA are artifacts of a $21.9M bargain gain; operating margin is -47% (11th pct) with current ratio 0.74

Notable findings

• Going concernDue to these and other factors, there is substantial doubt of the Company’s ability to continue as a going concern
• Weak liquidityCurrent ratio 0.74 (<1)