v3.26.1
SEGMENT INFORMATION
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
SEGMENT INFORMATION

13. 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 repurposed for next generation uses
   
● Range Services – services in support of reclamation and repurposing of acquired mine land

 

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

 

 

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

 

By Categories

 

   Range Land   Range Services   Corporate   Total 
   For the three months ended March 31, 2026 
   Range Land   Range Services   Corporate   Total 
                 
Revenue  $915,380   $-   $-   $915,380 
Operating income (loss)   (1,277,094)   (114,247)   (407,864)   (1,799,205)
Net income (loss)   (1,277,094)   (114,247)   (442,349)   (1,833,690)
                     
Total assets   121,804,269    141,172    29,305    121,974,746 
Depreciation   -    17,847    -    17,847 
Amortization   781,736    -    -    781,736 
Accretion   1,404,341    -    -    1,404,341 
Interest expense   -    -    34,485    34,485 
Capital expenditures for long-lived assets  $-   $-   $-   $- 

 

   Range Land   Range Services   Corporate   Total 
   For the three months ended March 31, 2025 
   Range Land   Range Services   Corporate   Total 
                 
Revenue  $-   $-   $-   $- 
Operating income (loss) from continuing operations   (258,292)   -    (333,115)   (591,407)
Operating income (loss) from discontinued operations   -    36,111    -    36,111 
Net income (loss)   5,579,419    (221,970)   (257,822)   5,099,627 
                     
Total assets   46,132,343    1,754,282    44,734    47,931,359 
Depreciation from continuing operations   -    54,147    -    54,147 
Deprecation from discontinued operations   -    30,636    -    30,636 
Interest expense   -    82,534    8,334    90,868 
Capital expenditures for long-lived assets  $-   $100,000   $-   $100,000