Range Impact (RNGE) 8-K Range Impact Announces Sale of Non-Core Assets as Part of Strategic Plan

Exhibit 10.2

RANGE IMPACT, INC. AND SUBSIDIARIES

Pro Forma Consolidated Balance Sheet - Unaudited

	June 30, 2024
	As Filed		Pro Forma Adjustments			Pro Forma
Assets
Current Assets
Cash	$	123,713	$	-		$	123,713
Accounts receivable		4,388,785		-			4,388,785
Contract assets		1,374,962		-			1,374,962
Inventory		725,429		-			725,429
Prepaid expenses		42,204		-			42,204
Total Current Assets		6,655,093		-			6,655,093
Long-Term Assets
PP&E, Net		12,025,030		(5,984,635	)		6,040,395
Goodwill		751,421		-			751,421
Deposits		9,976		-			9,976
Total Long-Term Assets		12,786,427		(5,984,635	)		6,801,792
Total Assets	$	19,441,520	$	(5,984,635	)	$	13,456,885
Liabilities and Shareholders’ Equity
Current Liabilities
Accounts payable	$	2,036,868	$	-		$	2,036,868
Accrued expenses		54,402		-			54,402
Line of credit		2,200,000		-			2,200,000
Current portion long-term debt		2,617,444		(1,410,989	)		1,206,455
Deposits		150,000		-			150,000
Total Current Liabilities		7,058,714		(1,410,989	)		5,647,725
Long-Term Liabilities
Long-term debt, net of current		4,198,819		(1,529,847	)		2,668,972
Shareholders’ Equity		8,183,987		(3,043,799	)		5,140,188
Total Liabilities and Shareholders’ Equity	$	19,441,520	$	(5,984,635	)	$	13,456,885

RANGE IMPACT, INC. AND SUBSIDIARIES

Pro Forma Consolidated Income Statements - Unaudited

	For the 6-Months Ended June 30, 2024
	As Filed			Pro Forma Adjustments			Pro Forma
Revenues	$	6,259,631		$	-		$	6,259,631
Cost of services		6,389,706			(529,626	)		5,860,080
Gross profit (loss)		(130,075	)		529,626			399,551
Operating expenses:
General and administrative		1,641,600			-			1,641,600
Research and development		288,918			-			288,918
Total operating expenses		1,930,518			-			1,930,518
Profit (loss) from operations		(2,060,593	)		529,626			(1,530,967	)
Other income (expense):
Other income		18,590			-			18,590
Loss on sale of assets		-			(3,711,816	)		(3,711,816	)
Interest expense		(340,918	)		138,391			(202,527	)
Total other income (expense)		(322,328	)		(3,573,425	)		(3,895,753	)
Income tax expense		56,600						56,600
Net income (loss)	$	(2,439,521	)	$	(3,043,799	)	$	(5,483,320	)

	For the 12-Months Ended December 31, 2023
	As Filed			Pro Forma Adjustments			Pro Forma
Revenues	$	19,346,306		$	-		$	19,346,306
Cost of services		13,111,497			(353,084	)		12,758,413
Gross profit		6,234,809			353,084			6,587,893
Operating expenses:
General and administrative		4,021,556			-			4,021,556
Research and development		458,889			-			458,889
Total operating expenses		4,480,445			-			4,480,445
Profit (loss) from operations		1,754,364			353,084			2,107,448
Other income (expense):
Gain on bargain purchase		1,875,150			-			1,875,150
Loss on sale of assets		-			(3,263,180	)		(3,263,180	)
Interest expense		(505,917	)		86,030			(419,887	)
Interest income		7,458			-			7,458
Total other income (expense)		1,376,691			(3,177,150	)		(1,800,459	)
Net income (loss)	$	3,131,055		$	(2,824,066	)	$	306,989