RANGE IMPACT, INC. (RNGE): auditor change — Range Impact restates Q1 2024 financials; net loss rises $462K due to invoice error

RANGE IMPACT, INC.

Audit Committee on Aug 7, 2024, concluded March 31, 2024 10-Q should no longer be relied upon.
Error: $462,691 vendor invoice posted in April instead of March, understating expenses.
Restated net loss increased from $751,149 to $1,213,840; liabilities rose by $462,691.
Material weakness in internal control over financial reporting identified; disclosure controls ineffective.
Form 10-Q/A filed Aug 8, 2024 to correct the financial statements.

item 4.02

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

RANGE IMPACT, INC. reported that prior financial statements should not be relied upon.

Action: non reliance

Exact text from the filing

On August 7, 2024, the Audit Committee of the Board of Directors of Range Impact, Inc. (the “Company”), in consultation with management and Meaden & Moore LLP, (“Meaden & Moore”), the Company’s independent registered public accounting firm, concluded that the Company’s previously issued unaudited condensed consolidated financial statements contained within the Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2024 should no longer be relied upon due to errors in such financial statements, and therefore a restatement of those prior financial statements was required.

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RANGE IMPACT, INC. filing history →

Source: SEC EDGAR

accession 0001493152-24-041058

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