10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 10-Q

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended December 31, 2017

[  ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For the transition period from __________ to ___________

Commission File Number: 000-54306

RANGEFORD RESOURCES, INC.

(Exact name of registrant as specified in its charter)

Nevada	77-1176182
(State or other jurisdiction of incorporation or organization)	(IRS Employer Identification No.)

301 Commerce St, Suite 3500, Fort Worth, TX 76102

(Address of principal executive offices)

(817) 313-5005

(Registrant’s Telephone number)

(Former Address and phone of principal executive offices)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to the filing requirements for the past 90 days.

[X] Yes [  ] No

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 for Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

[X] Yes [  ] No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company:

Large accelerated filer	[  ]	Accelerated filer	[  ]
Non-accelerated filer	[  ]	Smaller reporting company	[X]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

[  ] Yes [X] No

As of August 23, 2019 the Registrant has 23,683,551 shares of common stock outstanding.

INTRODUCTORY NOTE

Except as otherwise indicated by the context, references in this interim report on Form 10-Q (this “Form 10-Q”) to the Company,” “Rangeford,” “we”, “us” or “our” are references to Rangeford Resources, Inc., a Nevada corporation.

Special Note Regarding Forward-Looking Statements

This report contains forward-looking statements and information that are based on the beliefs of our management as well as assumptions made by and information currently available to us. Such statements should not be unduly relied upon. When used in this report, forward-looking statements include, but are not limited to, the words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan” and similar expressions, as well as statements regarding new and existing products, technologies and opportunities, statements regarding market and industry segment growth and demand and acceptance of new and existing products, any projections of sales, earnings, revenue, margins or other financial items, any statements of the plans, strategies and objectives of management for future operations, any statements regarding future economic conditions or performance, uncertainties related to conducting business, any statements of belief or intention, and any statements or assumptions underlying any of the foregoing. These statements reflect our current view concerning future events and are subject to risks, uncertainties and assumptions. There are important factors that could cause actual results to vary materially from those described in this report as anticipated, estimated or expected, including, but not limited to: competition in the industry in which we operate and the impact of such competition on pricing, revenues and margins, volatility in the securities market due to the general economic downturn; Securities and Exchange Commission (the “SEC”) regulations which affect trading in the securities of “penny stocks,” and other risks and uncertainties. Except as required by law, we assume no obligation to update any forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in any forward- looking statements, even if new information becomes available in the future. Depending on the market for our stock and other conditional tests, a specific safe harbor under the Private Securities Litigation Reform Act of 1995 may be available. Notwithstanding the above, Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) expressly state that the safe harbor for forward-looking statements does not apply to companies that issue penny stock. Because we may from time to time be considered to be an issuer of penny stock, the safe harbor for forward-looking statements may not apply to us at certain times.

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TABLE OF CONTENTS

PART I – FINANCIAL INFORMATION	4
Item 1. Financial Statements (unaudited).	4
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.	13
Item 3. Quantitative and Qualitative Disclosures about Market Risk.	14
Item 4. Controls and Procedures.	14
PART II – OTHER INFORMATION	15
Item 1. Legal Proceedings.	15
Item 1A. Risk Factors.	15
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.	15
Item 6. Exhibits.	16

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PART I – FINANCIAL INFORMATION

Item 1. Financial Statements.

RANGEFORD RESOURCES, INC.

Balance Sheets

(Unaudited) 

	December 31, 2017			March 31, 2017
Current assets
Cash	$	511		$	46
Total current assets		511			46
Total assets	$	511		$	46
Current liabilities
Accounts payable	$	1,393,889		$	1,227,425
Accounts payable- related party		17,100			17,100
Accrued interest payable- related party		107,978			76,637
Note payable, net of discount		-			12,789
Related party advances and notes payable		100			100
Total current liabilities		1,519,067			1,334,051
Related party note payable		1,004,607			1,004,607
Total liabilities		2,523,674			2,338,658
Stockholders’ deficit
Series A convertible preferred stock, $.001 par value, stated value $5.00 per share, 3,000,000 shares authorized; 182,000 shares issued and outstanding		182			182
Common stock to be issued		627,000			787,000
Common stock, $.001 par value; 75,000,000 shares authorized; 22,369,529 and 20,545,534shares issued and outstanding, respectively		22,370			20,545
Additional paid in capital		7,045,894			6,269,718
Retained deficit		(10,218,609	)		(9,416,057	)
Total stockholders’ deficit		(2,523,163	)		(2,338,612	)
Total liabilities and stockholders’ deficit		511		$	46

See accompanying notes to unaudited financial statements

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RANGEFORD RESOURCES, INC.

Statements of Operations

(Unaudited)

	Three months ended						Nine months ended
	December 31,						December 31,
	2017			2016			2017			2016
Operating expenses
Investor relations	$	-		$	-		$	-		$	11,757
Professional fees		3,139			40,286			30,564			127,781
Professional fees-related party		30,000			79			90,000			260,079
General and administrative		213,378			189,192			599,503			681,948
Total operating expenses		246,517			229,557			720,067			1,081,565
Loss from operations		(246,517	)		(229,557	)		(720,067	)		(1,081,565	)
Other expense
Interest expense-related party		11,481			9,739			38,034			24,379
Gain on settlement		44,451			-			44,451			-
Total other expense		55,932			9,739			82,485			24,379
Net loss		(302,449	)		(239,296	)		(802,552	)		(1,105,944	)
Preferred stock dividends		(18,200	)		(18,200	)		(54,600	)		(54,600	)
Net loss attributable to common shareholders		(320,649	)		(257,496	)		(857,152	)		(1,160,544	)
Basic and diluted loss per common share	$	(0.01	)	$	(0.01	)	$	(0.04	)	$	(0.06	)
Weighted average shares outstanding		22,036,589			20,545,534			21,038,938			20,363,928

See accompanying notes to unaudited financial statements

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RANGEFORD RESOURCES, INC.

Statements of Cash Flows

(Unaudited)

	Nine months ended December 31,
	2017			2016
Cash flows from operating activities
Net loss	$	(802,552	)	$	(1,105,944	)
Adjustments to reconcile net loss to net cash used in operating activities:
Loss on note payable conversion		75,185			-
Gain on settlement of accounts payable		(30,734	)		-
Stock-based compensation for services		453,558			520,100
Amortization of debt discount		5,336			287
Changes in operating assets and liabilities:
Accounts payable		240,464			287,230
Accrued interest payable related party		32,698			23,572
Net cash provided by (used) in operating activities		(26,045	)		(274,755	)
Cash flows from financing activities
Proceeds from subscription agreement, net		26,442			20,000
Contributed Capital		68			-
Proceeds from related advances and notes payable		-			258,579
Net cash provided by financing activities		26,510			278,579
Net (decrease) increase in cash		465			3,824
Cash at beginning of period		46			110
Cash at end of period	$	511		$	3,934
Supplemental disclosure of non-cash financing activities:
Conversion of related party note payable	$	-		$	115,000
Supplemental cash flow information:
Cash paid for interest	$	-		$	-
Cash paid for income taxes	$	-		$	-

See accompanying notes to unaudited financial statements

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Rangeford Resources, Inc.

Notes to Financial Statements (Unaudited)

December 31, 2017

NOTE 1 – INTERIM FINANCIAL STATEMENTS

The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the US (US GAAP) for interim financial information, with the instructions to Form 10-Q, and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by US GAAP for complete financial statements. The accompanying financial statements at December 31, 2017 and March 31, 2016 and for the three and nine months ended December 31, 2017 and 2016 contain all normally recurring adjustments considered necessary for a fair presentation of our financial position, results of operations, cash flows and shareholders’ equity for such periods. Operating results for the three and nine months ended December 31, 2017 are not necessarily indicative of the results that may be expected for the year ending March 31, 2018. The unaudited consolidated financial statements should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s annual report for the year ended March 31, 2017.

NOTE 2 – GOING CONCERN

The Company’s financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs, which raises substantial doubt about the Company’s ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.

In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking equity and/or debt financing. However management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.

The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

NOTE 3 – SIGNIFICANT ACCOUNTING POLICIES

Estimates

The preparation of financial statements in conformity with generally accepted accounting principles 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 reporting period. Actual results could differ from those estimates.

Cash

Cash and cash equivalents include short-term, highly liquid investments with maturities of less than three months when acquired.

Income taxes

The Company accounts for income taxes under ASC 740 “Income Taxes” which codified SFAS 109, “Accounting for Income Taxes” and FIN 48 “Accounting for Uncertainty in Income Taxes – an Interpretation of FASB Statement No.109.” Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under ASC 740, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations.

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Fair Value of Financial Instruments

The Company’s financial instruments as defined by FASB ASC 825-10-50 include cash, trade accounts receivable, and accounts payable and accrued expenses. All instruments are accounted for on a historical cost basis, which, due to the short maturity of these financial instruments, approximates fair value at December 31, 2017 and March 31, 2017.

FASB ASC 820 defines fair value, establishes a framework for measuring fair value in accordance with generally accepted accounting principles, and expands disclosures about fair value measurements. ASC 820 establishes a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value as follows:

Level 1. Observable inputs such as quoted prices in active markets;

Level 2. Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and

Level 3. Unobservable inputs in which there is little or no market data, which requires the reporting entity to develop its own assumptions.

The Company does not have any assets or liabilities measured at fair value on a recurring or nonrecurring basis at December 31, 2017 or March 31, 2017.

Impairment of Long-Lived Assets

The Company reviews its long-lived assets and certain identifiable intangibles for impairment when events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amounts of the assets to future net cash flows expected to be generated by the assets. If such assets are considered impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceed the fair value of the assets based on estimated future cash flows.

Earnings Per Share Information

FASB ASC 260, “Earnings Per Share” provides for calculation of “basic” and “diluted” earnings per share. Basic earnings per share includes no dilution and is computed by dividing net income (loss) available to common shareholders by the weighted average common shares outstanding for the period. For purposes of the earnings per share calculation, we consider shares to be issued as issued shares as of the date the shares are earned. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of an entity similar to fully diluted earnings per share. Basic and diluted loss per share were the same, at the reporting dates, as there were no common stock equivalents outstanding.

Share Based Expenses

The Company accounts for stock-based compensation issued to non-employees and consultants in accordance with the provisions of ASC 505-50 “Equity - Based Payments to Non-Employees” which codified SFAS 123 and the Emerging Issues Task Force consensus in Issue No. 96-18 (“EITF 96-18”), “Accounting for Equity Instruments that are Issued to Other Than Employees for Acquiring or in Conjunction with Selling, Goods or Services”. Measurement of share-based payment transactions with non-employees shall be based on the fair value of whichever is more reliably measurable: (a) the goods or services received; or (b) the equity instruments issued. The fair value of the share-based payment transaction should be determined at the earlier of performance commitment date or performance completion date.

Recent accounting pronouncements

In February 2016, the FASB issued Accounting Standards Update No. 2016-02: Leases (Topic 842) (ASU 2016-02). The main objective of ASU 2016-02 is to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The main difference between previous GAAP and Topic 842 is the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases. ASU 2016-02 requires lessees to recognize assets and liabilities arising from leases on the balance sheet. In transition, lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. For public entities, ASU 2016-02 is effective for consolidated financial statements issued for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years; early application is permitted. The provisions of this accounting update are not expected to have a material impact on the Company’s financial position, results of operations or cash flows.

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NOTE 4 – AGREEMENT TO PURCHASE OIL AND GAS PROPERTIES

Great Northern Energy, Inc.

On November 15, 2012, the Company entered into a Purchase and Sale Agreement (the “Agreement”) with Great Northern Energy, Inc. (“GNE”) to acquire a substantial non-operating working interest in oil assets in East Texas. As of March 31, 2014, the Company had issued 7,400,000 shares of common stock to GNE towards the purchase of the oil and gas properties. Due to the lack of any tangible results as contemplated in the Agreement, and to GNE’s failure to uphold certain of its obligations under the Agreement, we determined it would be in our best interest to terminate the Agreement.

GNE has returned the stock certificate for 7,400,000 shares, however, GNE did not submit an executed stock power which is required to cancel the GNE shares. As such, these shares are considered issued and outstanding at March 31, 2018.

NOTE 5 - NOTES PAYABLE

In December 2016, the Company issued a one year $20,000 8% Senior note with 40,000 warrants exercisable at $0.50 per share. The fair value of the warrants was $9,514, and was reported as a debt discount with amortization of $2,303 for the year ended March 31, 2017. During October 2017, the note net of the remaining unamortized discount of $1,875 and accrued interest of $1,357 was converted to 133,333 shares of common stock valued at $94,677. As a result, a loss on conversion of $75,185 was included as other expenses in the Statement of Operations for the year ended March 31, 2018.

As of March 31, 2017, Company had entered into a settlement agreement with a previous executive consultant. The agreement included a 4% note payable for $205,000 which matures on April 1, 2019, and stock payable of $442,000. As of December 31, 2017, the balance on the note was $205,000 with accrued interest $6,150. Interest expense totaled $2,050 for the nine month ended December 31, 2017. In April 2018, the Company issued 422,719 common shares totaling $442,000.

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NOTE 6 –STOCKHOLDER’S EQUITY

Series A Convertible Preferred Stock

In December 2012, the Board of directors authorized the offering for sale and issuance of up to a maximum of 3,000,000 Shares of our Series “A” Convertible Preferred Stock, $0.001 par value per share (the “Preferred Stock”). The Stated Value of the Preferred Stock is $5.00 per Share. Each Share of Preferred Stock bears an eight percent (8%) cumulative dividend, due and payable quarterly as of July 31, October 31, January 31 and April 30. The Company records cumulative dividends whether or not declared. Each share may be converted by the holder thereof, at any time, into one share of the Company’s common stock, par value $0.001 per share and one warrant exercisable at $6.50 per share into one share of the Company’s common stock. The Company may force conversion to common stock and one warrant if the Company’s common stock trades over $7.00 for forty-five consecutive trading days.

During the nine months ended December 31, 2017 and 2016, the Company had dividends of $54,600. No dividends were declared or paid. Accumulated dividends in arrears as of December 31, 2017 were $248,866.

Common stock

The authorized common stock of the Company consists of 75,000,000 shares with par value of $0.001.

The Company accounts for common stock earned but not issued as common stock payable in Shareholders’ Equity. As of December 31, 2017, certain individuals and consultants were due $627,000 for services rendered. At the date these balances are paid the resulting effect on Common Stock and Paid in Capital would be an increase in outstanding common shares of 736,913 and are included in potentially dilutive shares.

During the nine months ended December 31, 2017, the Company issued 1,425,107 shares of common stock valued at $610,000 based on the price at close on the last trading day of each month which services were rendered for compensation and services.

During the nine months ended December 31, 2107, the Company issued 1,425,107 for stock compensation of $450,000 and $160,000 for stock payable.

On October 20, 2017, the Company received $30,000 for the purchase of 200,000 restricted common shares at $0.15 per share and 100,000 warrants at $.50 per share exercise price with a three-year term.

Net loss per common share

Net loss per share is computed using the basic and diluted weighted average number of common shares outstanding during the period. The weighted-average number of common shares outstanding during each period is used to compute basic loss per share. Potential dilutive securities (stock options and warrants) have not been considered when their effect would be anti-dilutive. The potentially dilutive shares, including stock options and warrants would have been 148,800 shares and 736,913 for common stock payable for the three and nine months ended December 31, 2017.

Options

A summary of option activity as of December 31, 2017 and changes during the quarter ended are presented below:

Options	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in years)		Aggregate Intrinsic Value
Outstanding March 31, 2017		308,000		$	2.30		2.3	$	-
Granted, exercised, (expired)		(308,000	)	$	-		-		-
Outstanding and exercisable December 31, 2017		-		$	-		-	$	-

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Warrants

The fair value of each warrant granted was estimated on the date of grant using the Black-Scholes option valuation. Expected volatilities are based on volatilities from the historical trading ranges of the Company’s stock. The expected term of warrants granted is estimated at the contractual term and represents the period of time that warrants are expected to be outstanding. The risk-free rate for the periods within the contractual life of the option is based on the U.S. Treasury bill rate in effect at the time of grant for bonds with maturity dates at the estimated term of the options. The key assumptions used in evaluating the warrants and the estimated fair value are as follows for the quarter ended December 31, 2017, is as follows:

	December 31, 2017
Expected volatility		190	%
Expected dividends		0
Expected term (in years)		3.0
Risk-free rate		1.44	%

A summary of warrant activity for the period ended December 31, 2017 are presented below:

	Number of Warrants		Weighted Average Exercise Price
Balance at March 31, 2017		48,800	$	0.51
Granted		100,000		-
Exercised		-	$	-
Expired		-		-
Balance at December 31, 2017		148,800	$	0.51
Warrants exercisable at ended December 31, 2017		148,800	$	0.51

Warrants expense recognized during the three months ended December 31, 2017 and 2016 was $3,559 and $0, respectively.

NOTE 7 - INCOME TAXES

We did not provide any current or deferred U.S. Federal income tax provision or benefit for any of the periods presented because we have experienced operating losses since inception. Under ACS 740 “Income Taxes,” when it is more likely than not that a tax asset cannot be realized through future income the Company must allow for this future tax benefit. We provided a full valuation allowance on the net deferred tax asset, consisting of net operating loss carryforwards, because management has determined that it is more likely than not that we will not earn income sufficient to realize the deferred tax assets during the carryforward period.

The Company has not taken a tax position that, if challenged, would have a material effect on the consolidated financial statements for the nine months ended December 31, 2017 and 2016, applicable under ACS 740.

NOTE 8 –RELATED PARTY TRANSACTIONS

Advances and Note Payable

On November 28, 2012, the CE McMillan Family Trust (the “CE Trust”) advanced the Company $100 to facilitate the opening of a new bank account in Irving, Texas. The trustee of the C.E. McMillan Family Trust is also the managing member of Cicerone Corporate Development, LLC (“Cicerone”). The advance had not been repaid as of March 31, 2018.

On September 4, 2013, we received a $750,000 Revolving Credit Note (the “Revolving Note”) from Cicerone for operating expenses. The Revolving Note matured on February 1, 2015 and was extended to February 1, 2017 on the same terms and conditions and was reclassified to non-current liabilities. The note bears interest at the rate of LIBOR plus 2.75% per annum. On March 1, 2016 the revolving note was increased to $1,250,000. On July 6, 2016, the note was modified to include conversion of any amount of the debt to common stock at a conversion price of $1, which was the market value per share and an extension to June 30, 2018. At this time the amendment was considered debt extinguishment with only a nominal gain on extinguishment. On July 22, 2016 Cicerone converted $115,000 in advances to common stock. As of December 31, 2017, the balance due was $799,607, with related accrued interest of $101,738. Interest expense related to this debt was $34,171 and $24,379 for the nine months ended December 31, 2017 and 2016, respectively. The note maturity date was also extended to June 30, 2020.

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A promissory note totaling $205,000, included in related party notes payable, for an executive consulting agreement was executed for the year ended March 31, 2017. The note bears interest at 4% and. Accrued interest as of December 31, 2017 totaled $6,239, and interest expense for the three months ended December 31, 2017 and 2016 totaling $2,050and $0, respectively.

Professional Services

The Company has a consulting agreement with Fidare to provide consulting services relating to corporate governance, accounting procedures and control and strategic planning. The managing member of Fidare is the C.E. McMillan Family Trust. Harry McMillan is trustee of the C.E. McMillan Family Trust. Fidare receives monthly compensation of shares of common stock valued at $10,000 based on the price at the close on the last trading day of each month. For the three months ended December 31, 2017 and 2016, the Company recorded $90,000 and $80,000, respectively, in consulting fees related to this agreement. As of December 31, 2017, the Company is obligated to issue Fidare 77,635 shares of the Company’s common stock.

For the three month period ended December 31, 2017 and 2016, the Company recognized $30,000 and $0 in Professional fees - non-related party expenses and are accrued in common stock payable.

Director’s fees

In exchange for his services as a member of the Board of Directors until January, 2017, Mr. Mike Farmer was entitled to receive $2,000 per month payable in cash. In addition, during September 30, 2014, Mr. Farmer was awarded options to purchase 108,000 of common stock at $1.00 per share and options to purchase 200,000 shares of our common stock at $3.00 per share. The options were fully vested at the date of issuance of the award. Subsequently, during December 2017, Mr. Farmer was issued 65,554 shares in exchange for the cash portion of his compensation due totaling $74,000. The shares were valued at $43,266, resulting in a gain on the exchange totaling $30,734.

NOTE 9 – SUBSEQUENT EVENTS

Effective July 1, 2017, the Company entered into a new Consulting Agreement with Fidare to provide consulting services relating to corporate governance, accounting procedures and control and strategic planning. The managing member of Fidare is the C.E. McMillan Family Trust. Harry McMillan is trustee of the C.E. McMillan Family Trust. Fidare receives monthly compensation of shares of common stock valued at $10,000 based on the price at the close on the last trading day of each month.

On October 20, 2017, the Company received $30,000 for the purchase of 200,000 restricted common shares at $.15 per share and 100,000 warrants at $.50 per share exercise price with a three-year term.

On February 6, 2018, management signed a repayment agreement with a creditor related to its court approved judgment and bank account lien in the amount of $16,026. As of June 30, 2018, the Company has paid $15,434.

For the year ended March 31, 2018, the Company issued 1,215,641 shares for compensation expenses, and 832,988 shares for consulting expenses.

 During March 2018, the Company received $50,000 from subscription agreements for the purchase of 333,335 restricted common shares and 250,000 warrants with a $.50/share exercise price and three year maturity.

During April 2018, the Company issued 422,000 shares in settlement of executive consulting expenses incurred during previous years.

On August 10, 2018 the Company was notified the government convicted Mr. Loftis, former executive of Great Northern Energy, to a forfeiture order of $1,662,749. Chief Judge Christensen further ordered Loftis to pay $7,931,667 in restitution to the victims of his crimes. Rangeford Resources had filed a Victim Impact Statement “United States v. Joseph Brent Loftis CR-15-11-BU-DLC for restitution for its $700,000 cash investment and 7,400,000 shares of Rangeford Resources, Inc. Common stock was issued at a market price of $5.00/shares (contract date November 15, 2012) valued at $37,000,000.

On August 14, 2018, Rangeford Resources’ board of directors unanimously approved to retire 7,400,000 shares of common stock (stock certificate #1044 dated January 30 ,2013) issued to Great Northern Energy, Inc. Great Northern Energy surrendered the stock certificate to the transfer agent on September 1, 2013 and wrote letters to the SEC and FINRA confirming the release of the stock certificate. However, management elected not retire the stock certificate at the request of federal law enforcement official pending the conviction and sentencing of Great North Energy’s Joseph Brent Loftis.

On September 27, 2018, Rangeford Resources extend the Cicerone Corporate Development Revolving 8% Note to June 30, 2020.

On November 1, 2018, RangeFord Resources entered into a five-month Strategic Consulting Agreement with Petralis Energy Resources for Geological and Geophysical Services.

On December 12, 2018 Rangeford Resources entered into a memorandum of understanding with Petralis Energy Resources, LLC to acquire 16 producing wells on approximately 4,600 acres for $1,800,000.

On April 4, 2019, Rangeford Resources, Inc. executed an offer letter to acquire 100% equity interest in Signal Oil Company, LLC of Kilgore, Texas. The acquisition price is $100,000 and seller financed on a 12-month note.

On April 8, 2019, Rangeford Resources awarded a consultant 100,000 common shares for completing the annual and quarterly financial statements.

On June 17, 2019, Rangeford Resources, Inc. executed a purchase and sale agreement with Gunn Exploration, Inc. to acquire twenty wellbores on the Triangle Ranch Headquarters Field in Foard County, Texas. Due to awaiting the oil and gas mineral lease from Burnett Oil, Inc., the PSA was Amended and extended to July 15, 2019. The acquisition price is $10 and assumption of plugging and abandonment liabilities.

On July 2, 2019, Rangeford Resources, Inc. executed an offer letter with Hall Exploration, Inc. to acquire 5% working interest in the Starnes lease, a 4,290 oil and gas mineral lease with 31 producing wells located in Cochran, County, Texas. The acquisition price is $10 and is subject to a buyback clause by the seller within six months. In the event, Rangeford Resources acquires the remaining 95% working interest, the seller has a favored nation clause and will received the same favorable purchase price, terms and conditions.

On July 17, 2019, Rangeford Resources, Inc. executed an offer letter with Walsh Petroleum, Inc. to acquire 100% working interest in the Starnes lease, a 4,290-acre oil and gas mineral lease with 31 producing wells located in Cochran, County, Texas. The acquisition price is $4,290,000 and is subject to financing. The agreement is nonexclusive and seller is under no obligation and may sell to another buyer. Rangeford may convert non-exclusive agreement into a binding agreement upon a $214,500 nonrefundable deposit.

On August 2, 2019 The Securities and Exchange Commission issued an Order of Suspension of Trading of Rangeford Resources’ common stock (OTCPK:RGFR). The Securities and Exchange Commission also issued an Order Instituting Administrative Proceedings and Note of Hearing Pursuant to Section 12(j) of the Securities Exchange Act of 1934.

On August 12, 2019, Rangeford Resources executed an $88,000 convertible note with GS Capital, LLC. The 12-month term note will be a Rule 144 Note and will not be eligible for conversion of free trading shares until 6 months after the issuance of the Note unless such shares are covered by a resale registration statement. The principal and accrued interest under the Note will be convertible into shares of Common Stock of the Company at a 40% discount to the lowest trading price with a 20 day look back. The Note shall bear interest at 8% along with an OID of $8,000 such that the purchase price of the Note shall be $80,000. The Issuer will provide a transfer agent reserve of equal to 4x the discounted value of the $88,000 note. As consideration for the purchase of the Note, the Company shall issue 30,000 shares of restricted common stock.

12

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

The following discussion should be read in conjunction with our unaudited financial statements and notes thereto included herein. In connection with, and because we desire to take advantage of, the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, we caution readers regarding certain forward looking statements in the following discussion and elsewhere in this report and in any other statement made by, or on our behalf, whether or not in future filings with the Securities and Exchange Commission. Forward-looking statements are statements not based on historical information and which relate to future operations, strategies, financial results or other developments. Forward looking statements are necessarily based upon estimates and assumptions that are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control and many of which, with respect to future business decisions, are subject to change. These uncertainties and contingencies can affect actual results and could cause actual results to differ materially from those expressed in any forward looking statements made by, or on our behalf. We disclaim any obligation to update forward-looking statements.

The independent registered public accounting firm’s report on the Company’s financial statements as of March 31, 2017, and for each of the years in the two-year period then ended, includes a “going concern” explanatory paragraph, that describes substantial doubt about the Company’s ability to continue as a going concern.

PLAN OF OPERATIONS

Overview

Rangeford Resources, Inc. (the “Company”) was incorporated on December 4, 2007, in the state of Nevada. The Company has never declared bankruptcy and it has never been in receivership. Since its incorporation, Rangeford Resources has not made any significant purchase or sale of assets, nor has it been involved in any mergers, acquisitions or consolidations and the Company owns no subsidiaries. The fiscal year end is March 31st. The Company has not had revenues from operations since its inception and/or any interim period in the current fiscal year.

Going Concern

We have incurred net losses of approximately $10 million since inception through December 31, 2017. The report of our independent registered public accounting firm on our financial statements for the year ended March 31, 2017 contains an explanatory paragraph regarding our ability to continue as a going concern based upon our operating losses and need to raise additional capital. These factors, among others, raise substantial doubt about our ability to continue as a going concern. Our financial statements do not include any adjustments that might result from the outcome of this uncertainty. There are no assurances we will be successful in our efforts to increase our revenues and report profitable operations or to continue as a going concern, in which event investors would lose their entire investment in our company.

Plan of Operation

We have $1,519,067 in current liabilities as of December 31, 2017. Through December 31, 2017, we have accumulated losses of $10,218,609. In order to survive as a going concern, the Company will require additional capital investments or borrowed funds to meet cash flow projections and carry forward our business objectives. There can be no guarantee or assurance that we can raise adequate capital from outside sources to fund the proposed business. Failure to secure additional financing would result in business failure and a complete loss of any investment made into the Company.

Since August 15, 2008 through September 30, 2017, the Company has issued 22,369,529 shares of common stock and 182,000 shares of Series A convertible preferred stock. Proceeds from the sale of common stock and Series A convertible preferred stock have been utilized by the Company to fund its initial development including administrative costs associated with maintaining its status as a Reporting Company as defined by the Securities and Exchange Commission (“SEC”) under the Exchange Act of 1934, as amended. The Company plans to focus efforts on selling their common shares in order to continue to fund its initial development and fund the expenses associated with maintaining a reporting company status.

Results of Operations

For the Three Months Ended December 31, 2017 Compared to the Three Months Ended December 31, 2016

During the three months ended December 31, 2017 and 2016, the Company did not recognize any revenues from operating activities.

For the three months ended December 31, 2017, the Company recognized a net loss of $302,449 compared to $239,296 for the three months ended December 31, 2016. The increase of approximately $63,153 was primarily the result of higher general administrative expenses of approximately $24,186, offset by a decrease in professional fees of approximately $7,226, and an increase in interest expense of approximately $1,742 and other expenses totaling $44,451. Other expenses consisted of a gain on settlement of $30,734 and a loss on note payable conversion of $75,185.

For the Nine Months Ended December 31, 2017 Compared to the Nine Months Ended December 31, 2016

During the nine months ended December 31, 2017 and 2016, the Company did not recognize any revenues from operating activities.

For the nine months ended December 31, 2017, the Company recognized a net loss of $802,552 compared to $1,105,944 for the nine months ended December 31, 2016. The decrease of approximately $303,392 was primarily the result of a decrease in professional fees of approximately $267,296, a decrease in investor relations $11,757 and general administrative expenses for approximately $82,445, offset by an increase in interest expense of approximately $13,655 and other expenses totaling $44,451. Other expenses consisted of a gain on settlement of $30,734 and a loss on note payable conversion of $75,185.

Liquidity and Capital Resources

As of December 31, 2017, the Company had total current assets of $511. As of December 31, 2017, the Company had total current liabilities of $1,519,067 which includes $1,393,889 in accounts payable, $17,100 in accounts payable-related party, and $107,978 in accrued interest. At December 31, 2017, the Company had a working capital deficit of $1,518,556. In addition, the Company had a note payable to a related party in the amount of $1,004,607.

13

During the nine months ended December 31, 2017, the Company used cash of $26,045 in our operations as compared to cash used of $274,755 during the same period ended December 31, 2016. During the nine months ended December 31, 2017, cash provided by financing activities was $26,510 and $278,579 for the same period in 2016.

Short Term

On a short-term basis, the Company has not generated any revenue or revenues sufficient to cover operations. Based on prior history, the Company will continue to have insufficient revenue to satisfy current and recurring liabilities as the Company continues exploration activities.

Capital Resources

Other than the targeted acquisitions, the Company has no material commitments for capital expenditures within the next year, however if operations are commenced, substantial capital will be needed to pay for participation, investigation, exploration, acquisition and working capital.

Need for Additional Financing

The Company does not have capital sufficient to meet its cash needs. The Company will have to seek loans or equity placements to cover such cash needs. Once exploration commences, its needs for additional financing is likely to increase substantially. No commitments to provide additional funds have been made by the Company’s management or other stockholders. Accordingly, there can be no assurance that any additional funds will be available to us to allow us to cover the Company’s expenses as they may be incurred.

The Company will need substantial additional capital to support its proposed future petroleum exploration operations. The Company has no revenues. The Company has no committed source for any funds as of the date hereof. No representation is made that any funds will be available when needed. In the event funds cannot be raised when needed, the Company may not be able to carry out its business plan, may never achieve sales or royalty income, and could fail in business as a result of these uncertainties.

Decisions regarding future participation in exploration wells or geophysical studies or other activities will be made on a case-by-case basis. The Company may, in any particular case, decide to participate or decline participation. If participating, the Company may pay its proportionate share of costs to maintain the Company’s proportionate interest through cash flow or debt or equity financing. If participation is declined, the Company may elect to farm-out, non-consent, sell or otherwise negotiate a method of cost sharing in order to maintain some continuing interest in the prospect.

Off-Balance Sheet Arrangements

As of the date of this Quarterly Report, the Company does not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on the Company’s financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors. The term “off-balance sheet arrangement” generally means any transaction, agreement or other contractual arrangement to which an entity unconsolidated with the Company is a party, under which the Company has (i) any obligation arising under a guarantee contract, derivative instrument or variable interest; or (ii) a retained or contingent interest in assets transferred to such entity or similar arrangement that serves as credit, liquidity or market risk support for such assets

Item 3. Quantitative and Qualitative Disclosures about Market Risk.

Not Applicable to smaller reporting companies

Item 4. Controls and Procedures.

Evaluation of Disclosure Controls and Procedures

As of March 31, 2017 and December 31, 2017, we carried out an evaluation, under the supervision and with the participation of management, including our chief executive officer and principal financial officer, of the effectiveness of the design and operation of our disclosure controls and procedures. Based upon that evaluation, management concluded that our disclosure controls and procedures were not effective as of March 31, 2017 or December 31, 2017, to cause the information required to be disclosed by us in reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods prescribed by SEC, and that such information is accumulated and communicated to management, including our chief executive officer and principal financial officer, as appropriate, to allow timely decisions regarding required disclosure.

14

Going forward from this filing, the Company intends to re-establish and maintain disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) that are designed to be effective in providing reasonable assurance that information required to be disclosed in our reports under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission (the “SEC”), and that such information is accumulated and communicated to our management to allow timely decisions regarding required disclosure.

In designing and evaluating disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable, not absolute assurance of achieving the desired objectives. Also, the design of a control system must reflect the fact that there are resource constraints and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty and that breakdowns can occur because of simple error or mistake. The design of any system of controls is based, in part, upon certain assumptions about the likelihood of future events and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions.

Changes in Internal Control over Financial Reporting

There have not been any changes in our internal control over financial reporting during the three month period ended December 31, 2017 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II – OTHER INFORMATION

Item 1. Legal Proceedings.

On August 10, 2018 the Company was notified the government convicted Mr. Loftis, former executive of Great Northern Energy, to a forfeiture order of $1,662,749. Chief Judge Christensen further ordered Loftis to pay $7,931,667 in restitution to the victims of his crimes. Rangeford Resources had filed a Victim Impact Statement “United States v. Joseph Brent Loftis CR-15-11-BU-DLC for restitution for its $700,000 cash investment and 7,400,000 shares of Rangeford Resources, Inc. Common stock was issued at a market price of $5.00/shares (contract date November 15, 2012) valued at $37,000,000.

On August 14, 2018, Rangeford Resources’ board of directors unanimously approved to retire 7,400,000 shares of common stock (stock certificate #1044 dated January 30, 2013) issued to Great Northern Energy, Inc. Great Northern Energy surrendered the stock certificate to the transfer agent on September 1, 2013 and wrote letters to the SEC an FINRA confirming the release of the stock certificate. However, management elected not retire the stock certificate at the request of federal law enforcement official pending the conviction and sentencing of Great North Energy’s Joseph Brent Loftis.

On August 2, 2019 The Securities and Exchange Commission issued an Order of Suspension of Trading of Rangeford Resources’ common stock (OTCPK:RGFR). The Securities and Exchange Commission also issued an Order Instituting Administrative Proceedings and Note of Hearing Pursuant to Section 12(j) of the Securities Exchange Act of 1934.

Other than the above mentioned litigation matters, neither we nor any of our direct or indirect subsidiaries is a party to, nor is any of our property the subject of, any legal proceedings. There are no proceedings pending in which any of our officers, directors or 5% shareholders are adverse to us or any of our subsidiaries or in which they are taking a position or have a material interest that is adverse to us or any of our subsidiaries.

Item 1A. Risk Factors.

Not Applicable to Smaller Reporting Companies.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

None

15

Item 6. Exhibits.

Exhibits. The following is a complete list of exhibits filed as part of this Form 10-Q. Exhibit numbers correspond to the numbers in the Exhibit Table of Item 601 of Regulation S-K.

Exhibit No	Description
3.1	Articles of Incorporation (Incorporated by reference to Exhibit 3.1 of Rangeford Resources, Inc.’s Registration Statement on Form S-1 filed on July 3, 2008)
3.2	Articles of Amendment to our Articles of Incorporation (Incorporated by reference to Exhibit 3.1 to the Current Report on Form 8K filed on April 9, 2013)
3.3	Amended and Restated By-Laws (Incorporated by Reference to Exhibit B of the Information Statement on Schedule 14C filed on March 14, 2013)
10.1	Orphan Holdings of Texas, Inc. Share Purchase Agreement, dated July 5, 2012 (Incorporated by reference to Exhibit 10.1 to our Current Report on Form 8-K filed on August 10, 2012)
10.2	Frederick Ziegler Consulting Agreement, dated August 1, 2012 (Incorporated by reference to Exhibit 10.1 to our Current Report on Form 8-K filed on August 31, 2012)
10.3	John Miller Consulting Agreement, dated September 1, 2012 (Incorporated by reference to Exhibit 10.2 to our Current Report on Form 8-K filed on August 31, 2012)
10.4	E. Robert Gates, Consulting Agreement, dated September 1, 2012 (Incorporated by reference to Exhibit 10.3 to our Current Report on Form 8-K filed on August 31, 2012)
10.5	Kevin A. Carreno Board of Directors Agreement, dated August 9, 2012 Incorporated by reference to Exhibit 10.4 to our Current Report on Form 8-K filed on August 31, 2012)
10.6	Purchase Sale Agreement (Incorporated by reference to Exhibit 10.1 to our Current Report on Form 8-K filed on November 21, 2012)
10.7	Premise Use Agreement (Incorporated by reference to Exhibit 10.2 to our Current Report on Form 8-K filed on November 21, 2012)
10.8	Placement Agent/Investment Banking Retainer Agreement, dated November 13, ( Incorporated by reference to Exhibit 10.3 to our Current Report on Form 8-K filed on November 21, 2012)
10.9	Fidare Consulting Group, LLC Consulting Agreement, dated September 25, 2012 (Incorporated by reference to Exhibit 10.4 to our Current Report on Form 8-K filed on November 21, 2012)
10.10	Gregory Hadley, Board of Directors Agreement, dated November 15, 2012 (Incorporated by reference to Exhibit 10.3 to our Current Report on Form 8-K filed on December 10, 2012)
10.11	Fidare Consulting Group, LLC. First Amended Consulting Agreement, dated December 1, 2012 (Incorporated by reference to Exhibit 10.1 to our Current Report on Form 8-K filed on December 10, 2012)
10.12	Steven R. Henson Corporate Officer/Consulting Engagement Agreement, dated December 3, 2012 (Incorporated by reference to Exhibit 10.2 to our Current Report on Form 8-K filed on December 10, 2012)
10.13	Steven R. Henson Board of Directors Agreement, dated December 4, 2012, (Incorporated by reference to Exhibit 10.4 to our Current Report on Form 8-K filed on December 10, 2012)
10.14	Corporate Officer Consulting Engagement Agreement with Mr. Colin Richardson (Incorporated by reference to Exhibit 10.1 to our Current Report on Form 8-K filed on January 21, 2014)
10.15	First Amended Corporate Officer Consulting Engagement Agreement with Mr. Colin Richardson (Incorporated by reference to Exhibit 10.14 to the Annual Report on Form 10-K filed on July 15, 2014)
10.16	Form of Revolving Credit Note dated September 4, 2013 (Incorporated by reference to Exhibit 10.2 to the Current Report on Form 8-K filed on January 21, 2014)
10.17	Letter Agreement with Pt Platinum Consulting, LLC (Incorporated by reference to Exhibit 10.16 to the Annual Report on Form 10-K filed on May 5, 2014)
10.18	Albury Note (Incorporated by reference to Exhibit 10.17 to the Annual Report on Form 10-K filed on May 5, 2014)
10.19	Hadley Note (Incorporated by reference to Exhibit 10.18 to the Annual Report on Form 10-K filed on May 5, 2014)
10.20	Board of Directors Agreement with Michael Farmer dated as of January 28, 2013 (Incorporated by reference to Exhibit 10.19 to the Annual Report on Form 10-K filed on May 5, 2014)
10.21	Purchase and Sale Agreement between the Company and Black Gold Kansas Productions, LLC (Incorporated by reference to Exhibit 10.1 to the Quarterly Report on Form 10-Q for the quarter ended June 30, 2014 filed on September 19, 2014)

16

10.22	Fidare Consulting Group, LLC. First Amended Consulting Agreement, dated July 1, 2014 (Incorporated by reference to Exhibit 10.21 to the Annual Report on Form 10-K/A for the year ended March 31, 2014 filed on July 18, 2014)
10.23	Second Amendment, Extension and Ratification of Purchase and Sale Agreement between the Company and Black Gold Kansas Production, LLC for the George Project (Incorporated by reference to the Annual Report on Form 10-K filed on September 12, 2018))
10.24	Letter of Addendum and Extension to August 6, 2014 Purchase, Sale and Join Exploration Agreement By and Between Rangeford Resources, Inc. and Black Gold Kansas Production, LLC (Incorporated by reference to the Annual Report on Form 10-K filed on September 12, 2018)
10.25	Third Amendment to Purchase and Sale Agreement between the Company and Black Gold Kansas Production, LLC for the George Project(Incorporated by reference to the Annual Report on Form 10-K filed on September 12, 2018)
10.26	Corporate Officer Consulting Settlement Agreement with Colin Richardson April, 2017 (Incorporated by reference to the Annual Report on Form 10-K filed on September 12, 2018)
10.27	Fidare Consulting Group, LLC Settlement Agreement, dated June 30, 2017 (Incorporated by reference to the Annual Report on Form 10-K filed on September 12, 2018)
10.28	Fidare Consulting Group, LLC Consulting Agreement, dated July 1, 2017 (Incorporated by reference to the Annual Report on Form 10-K filed on September 12, 2018)
10.29	Second Amendment to Revolving Credit Note date March 1, 2017 (Incorporated by reference to the Annual Report on Form 10-K filed on September 12, 2018)
10.30	Third Amendment to Revolving Credit Note date July 6, 2017 (Incorporated by reference to the Annual Report on Form 10-K filed on September 12, 2018)
16.1	Letter of Change of Accountants, LBB & Associates, Ltd., dated January 4, 2012 (Incorporated by reference to Exhibit 16.1 to our Current Report on Form 8-K filed on January 9, 2013)
31.1	Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer (Filed herewith)
31.2	Rule 13a-14(a)/15d-14(a) Certification of principal financial and accounting officer (Filed herewith)
32.1	Section 1350 Certification of Chief Executive Officer and principal financial and accounting officer (Filed herewith)

101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema Document
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB	XBRL Taxonomy Extension Labels Linkbase Document
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document

17

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	RANGEFORD RESOURCES, INC.
Dated: August 23, 2019	By:	/s/ Thomas E. Lindholm
		Thomas E. Lindholm
		Chief Executive Officer, Principal Executive Officer and Principal Financial Officer

18

EX-31.1

EXHIBIT 31.1

SECTION 302 CERTIFICATION OF PERIODIC REPORT

I, Thomas E. Lindholm, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Rangeford Resources, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. As the registrant’s sole certifying officer, I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s 4th quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

5. As the registrant’s certifying officer, I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

August 23, 2019

By:	/s/ Thomas E. Lindholm
	Thomas E. Lindholm
	Chief Executive Officer

EX-31.2

EXHIBIT 31.2

SECTION 302 CERTIFICATION OF PERIODIC REPORT

I, Thomas E. Lindholm, certify that:

1. I have reviewed this Quarterly report on Form 10-Q of Rangeford Resources, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. As the registrant’s sole certifying officer, I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s 4th quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

5. As the registrant’s certifying officer, I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Dated: August 23, 2019

By:	/s/ Thomas E. Lindholm
	Thomas E. Lindholm
	Principal Financial Officer

EX-32.1

Exhibit 32.1

CERTIFICATION OF DISCLOSURE PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Rangeford Resources, Inc. (the “Company”) on Form 10-Q for the period ending December 31, 2017 as filed with the Securities and Exchange Commission on the date hereof (the “Report”) I, Thomas E. Lindholm, CEO of the Company, certify, pursuant to 18 USC section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge and belief:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

August 23, 2019

By:	/s/ Thomas E. Lindholm
	Thomas E. Lindholm
	Chief Executive Officer

This certification accompanies the Report pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not, except to the extent required by the Sarbanes-Oxley Act of 2002, be deemed filed by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

XML

Document and Entity Information - shares	9 Months Ended
	Dec. 31, 2017	Aug. 23, 2019
Document And Entity Information
Entity Registrant Name	Rangeford Resources, Inc.
Entity Central Index Key	0001438035
Document Type	10-Q
Document Period End Date	Dec. 31, 2017
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Entity Reporting Status Current	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	false
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		23,683,551
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2018

XML

Balance Sheets (Unaudited) - USD ($)	Dec. 31, 2017	Mar. 31, 2017
Current assets
Cash	$ 511	$ 46
Total current assets	511	46
Total assets	511	46
Current liabilities
Accounts payable	1,393,889	1,227,425
Accounts payable- related party	17,100	17,100
Accrued interest payable- related party	107,978	76,637
Note payable, net of discount		12,789
Related party advances and notes payable	100	100
Total current liabilities	1,519,067	1,334,051
Related party note payable	1,004,607	1,004,607
Total liabilities	2,523,674	2,338,658
Stockholders' deficit
Series A convertible preferred stock, $.001 par value, stated value $5.00 per share, 3,000,000 shares authorized; 182,000 shares issued and outstanding	182	182
Common stock to be issued	627,000	787,000
Common stock, $.001 par value; 75,000,000 shares authorized; 22,369,529 and 20,545,534shares issued and outstanding, respectively	22,370	20,545
Additional paid in capital	7,045,894	6,269,718
Retained deficit	(10,218,609)	(9,416,057)
Total stockholders' deficit	(2,523,163)	(2,338,612)
Total liabilities and stockholders' deficit	$ 511	$ 46

XML

Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Dec. 31, 2017	Mar. 31, 2017
Statement of Financial Position [Abstract]
Series A convertible preferred stock, par value	$ 0.001	$ .001
Series A convertible preferred stock, state value	$ 5.00	$ 5.00
Series A convertible preferred stock, shares authorized	3,000,000	3,000,000
Series A convertible preferred stock, shares issued	182,000	182,000
Series A convertible preferred stock, shares outstanding	182,000	182,000
Common stock, par value	$ 0.001	$ .001
Common stock, shares authorized	75,000,000	75,000,000
Common stock, shares issued	22,369,529	20,545,534
Common stock, shares outstanding	22,369,529	20,545,534

XML

Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Operating expenses
Investor relations				$ 11,757
Professional fees	3,139	40,286	30,564	127,781
Professional fees-related party	30,000	79	90,000	260,079
General and administrative	213,378	189,192	599,503	681,948
Total operating expenses	246,517	229,557	720,067	1,081,565
Loss from operations	(246,517)	(229,557)	(720,067)	(1,081,565)
Other expense
Interest expense-related party	11,481	9,739	38,034	24,379
Gain on settlement	44,451		44,451
Total other expense	55,932	9,739	82,485	24,379
Net loss	(302,449)	(239,296)	(802,552)	(1,105,944)
Preferred stock dividends	(18,200)	(18,200)	(54,600)	(54,600)
Net loss attributable to common shareholders	$ (320,649)	$ (257,496)	$ (857,152)	$ (1,160,544)
Basic and diluted loss per common share	$ (0.01)	$ (0.01)	$ (0.04)	$ (0.06)
Weighted average shares outstanding	22,036,589	20,545,534	21,038,938	20,363,928

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Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Mar. 31, 2017
Cash flows from operating activities
Net loss	$ (302,449)	$ (239,296)	$ (802,552)	$ (1,105,944)
Adjustments to reconcile net loss to net cash used in operating activities:
Loss on note payable conversion			75,185
Gain on settlement of accounts payable			(30,734)
Stock-based compensation for services			453,558	520,100
Amortization of debt discount			5,336	287	$ 2,303
Changes in operating assets and liabilities:
Accounts payable			240,464	287,230
Accrued interest payable related party			32,698	23,572
Net cash provided by (used) in operating activities			(26,045)	(274,755)
Cash flows from financing activities
Proceeds from subscription agreement, net			26,442	20,000
Contributed Capital			68
Proceeds from related advances and notes payable				258,579
Net cash provided by financing activities			26,510	278,579
Net (decrease) increase in cash			465	3,824
Cash at beginning of period			46	110	110
Cash at end of period	$ 511	$ 3,934	511	3,934	$ 46
Supplemental disclosure of non-cash financing activities:
Conversion of related party note payable				115,000
Supplemental cash flow information:
Cash paid for interest
Cash paid for income taxes

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Interim Financial Statements

9 Months Ended

Dec. 31, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Interim Financial Statements

NOTE 1 – INTERIM FINANCIAL STATEMENTS

The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the US (US GAAP) for interim financial information, with the instructions to Form 10-Q, and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by US GAAP for complete financial statements. The accompanying financial statements at December 31, 2017 and March 31, 2016 and for the three and nine months ended December 31, 2017 and 2016 contain all normally recurring adjustments considered necessary for a fair presentation of our financial position, results of operations, cash flows and shareholders’ equity for such periods. Operating results for the three and nine months ended December 31, 2017 are not necessarily indicative of the results that may be expected for the year ending March 31, 2018. The unaudited consolidated financial statements should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s annual report for the year ended March 31, 2017.

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Going Concern

9 Months Ended

Dec. 31, 2017

Accounting Policies [Abstract]

Going Concern

NOTE 2 – GOING CONCERN

The Company’s financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs, which raises substantial doubt about the Company’s ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.

In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking equity and/or debt financing. However management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.

The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

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Significant Accounting Policies

9 Months Ended

Dec. 31, 2017

Accounting Policies [Abstract]

Significant Accounting Policies

NOTE 3 – SIGNIFICANT ACCOUNTING POLICIES

Estimates

The preparation of financial statements in conformity with generally accepted accounting principles 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 reporting period. Actual results could differ from those estimates.

Cash

Cash and cash equivalents include short-term, highly liquid investments with maturities of less than three months when acquired.

Income taxes

The Company accounts for income taxes under ASC 740 “Income Taxes” which codified SFAS 109, “Accounting for Income Taxes” and FIN 48 “Accounting for Uncertainty in Income Taxes – an Interpretation of FASB Statement No.109.” Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under ASC 740, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations.

Fair Value of Financial Instruments

The Company’s financial instruments as defined by FASB ASC 825-10-50 include cash, trade accounts receivable, and accounts payable and accrued expenses. All instruments are accounted for on a historical cost basis, which, due to the short maturity of these financial instruments, approximates fair value at December 31, 2017 and March 31, 2017.

FASB ASC 820 defines fair value, establishes a framework for measuring fair value in accordance with generally accepted accounting principles, and expands disclosures about fair value measurements. ASC 820 establishes a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value as follows:

Level 1. Observable inputs such as quoted prices in active markets;

Level 2. Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and

Level 3. Unobservable inputs in which there is little or no market data, which requires the reporting entity to develop its own assumptions.

The Company does not have any assets or liabilities measured at fair value on a recurring or nonrecurring basis at December 31, 2017 or March 31, 2017.

Impairment of Long-Lived Assets

The Company reviews its long-lived assets and certain identifiable intangibles for impairment when events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amounts of the assets to future net cash flows expected to be generated by the assets. If such assets are considered impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceed the fair value of the assets based on estimated future cash flows.

Earnings Per Share Information

FASB ASC 260, “Earnings Per Share” provides for calculation of “basic” and “diluted” earnings per share. Basic earnings per share includes no dilution and is computed by dividing net income (loss) available to common shareholders by the weighted average common shares outstanding for the period. For purposes of the earnings per share calculation, we consider shares to be issued as issued shares as of the date the shares are earned. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of an entity similar to fully diluted earnings per share. Basic and diluted loss per share were the same, at the reporting dates, as there were no common stock equivalents outstanding.

Share Based Expenses

The Company accounts for stock-based compensation issued to non-employees and consultants in accordance with the provisions of ASC 505-50 “Equity - Based Payments to Non-Employees” which codified SFAS 123 and the Emerging Issues Task Force consensus in Issue No. 96-18 (“EITF 96-18”), “Accounting for Equity Instruments that are Issued to Other Than Employees for Acquiring or in Conjunction with Selling, Goods or Services”. Measurement of share-based payment transactions with non-employees shall be based on the fair value of whichever is more reliably measurable: (a) the goods or services received; or (b) the equity instruments issued. The fair value of the share-based payment transaction should be determined at the earlier of performance commitment date or performance completion date.

Recent accounting pronouncements

In February 2016, the FASB issued Accounting Standards Update No. 2016-02: Leases (Topic 842) (ASU 2016-02). The main objective of ASU 2016-02 is to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The main difference between previous GAAP and Topic 842 is the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases. ASU 2016-02 requires lessees to recognize assets and liabilities arising from leases on the balance sheet. In transition, lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. For public entities, ASU 2016-02 is effective for consolidated financial statements issued for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years; early application is permitted. The provisions of this accounting update are not expected to have a material impact on the Company’s financial position, results of operations or cash flows.

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Agreement to Purchase Oil and Gas Properties

9 Months Ended

Dec. 31, 2017

Extractive Industries [Abstract]

Agreement to Purchase Oil and Gas Properties

NOTE 4 – AGREEMENT TO PURCHASE OIL AND GAS PROPERTIES

Great Northern Energy, Inc.

On November 15, 2012, the Company entered into a Purchase and Sale Agreement (the “Agreement”) with Great Northern Energy, Inc. (“GNE”) to acquire a substantial non-operating working interest in oil assets in East Texas. As of March 31, 2014, the Company had issued 7,400,000 shares of common stock to GNE towards the purchase of the oil and gas properties. Due to the lack of any tangible results as contemplated in the Agreement, and to GNE’s failure to uphold certain of its obligations under the Agreement, we determined it would be in our best interest to terminate the Agreement.

GNE has returned the stock certificate for 7,400,000 shares, however, GNE did not submit an executed stock power which is required to cancel the GNE shares. As such, these shares are considered issued and outstanding at March 31, 2018.

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Notes Payable

9 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

Notes Payable

NOTE 5 - NOTES PAYABLE

In December 2016, the Company issued a one year $20,000 8% Senior note with 40,000 warrants exercisable at $0.50 per share. The fair value of the warrants was $9,514, and was reported as a debt discount with amortization of $2,303 for the year ended March 31, 2017. During October 2017, the note net of the remaining unamortized discount of $1,875 and accrued interest of $1,357 was converted to 133,333 shares of common stock valued at $94,677. As a result, a loss on conversion of $75,185 was included as other expenses in the Statement of Operations for the year ended March 31, 2018.

As of March 31, 2017, Company had entered into a settlement agreement with a previous executive consultant. The agreement included a 4% note payable for $205,000 which matures on April 1, 2019, and stock payable of $442,000. As of December 31, 2017, the balance on the note was $205,000 with accrued interest $6,150. Interest expense totaled $2,050 for the nine month ended December 31, 2017. In April 2018, the Company issued 422,719 common shares totaling $442,000.

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Stockholder's Equity

9 Months Ended

Dec. 31, 2017

Equity [Abstract]

Stockholder's Equity

NOTE 6 –STOCKHOLDER’S EQUITY

Series A Convertible Preferred Stock

In December 2012, the Board of directors authorized the offering for sale and issuance of up to a maximum of 3,000,000 Shares of our Series “A” Convertible Preferred Stock, $0.001 par value per share (the “Preferred Stock”). The Stated Value of the Preferred Stock is $5.00 per Share. Each Share of Preferred Stock bears an eight percent (8%) cumulative dividend, due and payable quarterly as of July 31, October 31, January 31 and April 30. The Company records cumulative dividends whether or not declared. Each share may be converted by the holder thereof, at any time, into one share of the Company’s common stock, par value $0.001 per share and one warrant exercisable at $6.50 per share into one share of the Company’s common stock. The Company may force conversion to common stock and one warrant if the Company’s common stock trades over $7.00 for forty-five consecutive trading days.

During the nine months ended December 31, 2017 and 2016, the Company had dividends of $54,600. No dividends were declared or paid. Accumulated dividends in arrears as of December 31, 2017 were $248,866.

Common stock

The authorized common stock of the Company consists of 75,000,000 shares with par value of $0.001.

The Company accounts for common stock earned but not issued as common stock payable in Shareholders’ Equity. As of December 31, 2017, certain individuals and consultants were due $627,000 for services rendered. At the date these balances are paid the resulting effect on Common Stock and Paid in Capital would be an increase in outstanding common shares of 736,913 and are included in potentially dilutive shares.

During the nine months ended December 31, 2017, the Company issued 1,425,107 shares of common stock valued at $610,000 based on the price at close on the last trading day of each month which services were rendered for compensation and services.

During the nine months ended December 31, 2107, the Company issued 1,425,107 for stock compensation of $450,000 and $160,000 for stock payable.

On October 20, 2017, the Company received $30,000 for the purchase of 200,000 restricted common shares at $0.15 per share and 100,000 warrants at $.50 per share exercise price with a three-year term.

Net loss per common share

Net loss per share is computed using the basic and diluted weighted average number of common shares outstanding during the period. The weighted-average number of common shares outstanding during each period is used to compute basic loss per share. Potential dilutive securities (stock options and warrants) have not been considered when their effect would be anti-dilutive. The potentially dilutive shares, including stock options and warrants would have been 148,800 shares and 736,913 for common stock payable for the three and nine months ended December 31, 2017.

Options

A summary of option activity as of December 31, 2017 and changes during the quarter ended are presented below:

Options	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in years)		Aggregate Intrinsic Value
Outstanding March 31, 2017		308,000		$	2.30		2.3	$	-
Granted, exercised, (expired)		(308,000	)	$	-		-		-
Outstanding and exercisable December 31, 2017		-		$	-		-	$	-

Warrants

The fair value of each warrant granted was estimated on the date of grant using the Black-Scholes option valuation. Expected volatilities are based on volatilities from the historical trading ranges of the Company’s stock. The expected term of warrants granted is estimated at the contractual term and represents the period of time that warrants are expected to be outstanding. The risk-free rate for the periods within the contractual life of the option is based on the U.S. Treasury bill rate in effect at the time of grant for bonds with maturity dates at the estimated term of the options. The key assumptions used in evaluating the warrants and the estimated fair value are as follows for the quarter ended December 31, 2017, is as follows:

	December 31, 2017
Expected volatility		190	%
Expected dividends		0
Expected term (in years)		3.0
Risk-free rate		1.44	%

A summary of warrant activity for the period ended December 31, 2017 are presented below:

	Number of Warrants		Weighted Average Exercise Price
Balance at March 31, 2017		48,800	$	0.51
Granted		100,000		-
Exercised		-	$	-
Expired		-		-
Balance at December 31, 2017		148,800	$	0.51
Warrants exercisable at ended December 31, 2017		148,800	$	0.51

Warrants expense recognized during the three months ended December 31, 2017 and 2016 was $3,559 and $0, respectively.

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Income Taxes

9 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Income Taxes

NOTE 7 - INCOME TAXES

We did not provide any current or deferred U.S. Federal income tax provision or benefit for any of the periods presented because we have experienced operating losses since inception. Under ACS 740 “Income Taxes,” when it is more likely than not that a tax asset cannot be realized through future income the Company must allow for this future tax benefit. We provided a full valuation allowance on the net deferred tax asset, consisting of net operating loss carryforwards, because management has determined that it is more likely than not that we will not earn income sufficient to realize the deferred tax assets during the carryforward period.

The Company has not taken a tax position that, if challenged, would have a material effect on the consolidated financial statements for the nine months ended December 31, 2017 and 2016, applicable under ACS 740.

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Related Party Transactions

9 Months Ended

Dec. 31, 2017

Related Party Transactions [Abstract]

Related Party Transactions

NOTE 8 –RELATED PARTY TRANSACTIONS

Advances and Note Payable

On November 28, 2012, the CE McMillan Family Trust (the “CE Trust”) advanced the Company $100 to facilitate the opening of a new bank account in Irving, Texas. The trustee of the C.E. McMillan Family Trust is also the managing member of Cicerone Corporate Development, LLC (“Cicerone”). The advance had not been repaid as of March 31, 2018.

On September 4, 2013, we received a $750,000 Revolving Credit Note (the “Revolving Note”) from Cicerone for operating expenses. The Revolving Note matured on February 1, 2015 and was extended to February 1, 2017 on the same terms and conditions and was reclassified to non-current liabilities. The note bears interest at the rate of LIBOR plus 2.75% per annum. On March 1, 2016 the revolving note was increased to $1,250,000. On July 6, 2016, the note was modified to include conversion of any amount of the debt to common stock at a conversion price of $1, which was the market value per share and an extension to June 30, 2018. At this time the amendment was considered debt extinguishment with only a nominal gain on extinguishment. On July 22, 2016 Cicerone converted $115,000 in advances to common stock. As of December 31, 2017, the balance due was $799,607, with related accrued interest of $101,738. Interest expense related to this debt was $34,171 and $24,379 for the nine months ended December 31, 2017 and 2016, respectively. The note maturity date was also extended to June 30, 2020.

A promissory note totaling $205,000, included in related party notes payable, for an executive consulting agreement was executed for the year ended March 31, 2017. The note bears interest at 4% and. Accrued interest as of December 31, 2017 totaled $6,239, and interest expense for the three months ended December 31, 2017 and 2016 totaling $2,050and $0, respectively.

Professional Services

The Company has a consulting agreement with Fidare to provide consulting services relating to corporate governance, accounting procedures and control and strategic planning. The managing member of Fidare is the C.E. McMillan Family Trust. Harry McMillan is trustee of the C.E. McMillan Family Trust. Fidare receives monthly compensation of shares of common stock valued at $10,000 based on the price at the close on the last trading day of each month. For the three months ended December 31, 2017 and 2016, the Company recorded $90,000 and $80,000, respectively, in consulting fees related to this agreement. As of December 31, 2017, the Company is obligated to issue Fidare 77,635 shares of the Company’s common stock.

For the three month period ended December 31, 2017 and 2016, the Company recognized $30,000 and $0 in Professional fees - non-related party expenses and are accrued in common stock payable.

Director’s fees

In exchange for his services as a member of the Board of Directors until January, 2017, Mr. Mike Farmer was entitled to receive $2,000 per month payable in cash. In addition, during September 30, 2014, Mr. Farmer was awarded options to purchase 108,000 of common stock at $1.00 per share and options to purchase 200,000 shares of our common stock at $3.00 per share. The options were fully vested at the date of issuance of the award. Subsequently, during December 2017, Mr. Farmer was issued 65,554 shares in exchange for the cash portion of his compensation due totaling $74,000. The shares were valued at $43,266, resulting in a gain on the exchange totaling $30,734.

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Subsequent Events

9 Months Ended

Dec. 31, 2017

Subsequent Events [Abstract]

Subsequent Events

NOTE 9 – SUBSEQUENT EVENTS

Effective July 1, 2017, the Company entered into a new Consulting Agreement with Fidare to provide consulting services relating to corporate governance, accounting procedures and control and strategic planning. The managing member of Fidare is the C.E. McMillan Family Trust. Harry McMillan is trustee of the C.E. McMillan Family Trust. Fidare receives monthly compensation of shares of common stock valued at $10,000 based on the price at the close on the last trading day of each month.

On October 20, 2017, the Company received $30,000 for the purchase of 200,000 restricted common shares at $.15 per share and 100,000 warrants at $.50 per share exercise price with a three-year term.

On February 6, 2018, management signed a repayment agreement with a creditor related to its court approved judgment and bank account lien in the amount of $16,026. As of June 30, 2018, the Company has paid $15,434.

For the year ended March 31, 2018, the Company issued 1,215,641 shares for compensation expenses, and 832,988 shares for consulting expenses.

 During March 2018, the Company received $50,000 from subscription agreements for the purchase of 333,335 restricted common shares and 250,000 warrants with a $.50/share exercise price and three year maturity.

During April 2018, the Company issued 422,000 shares in settlement of executive consulting expenses incurred during previous years.

On August 10, 2018 the Company was notified the government convicted Mr. Loftis, former executive of Great Northern Energy, to a forfeiture order of $1,662,749. Chief Judge Christensen further ordered Loftis to pay $7,931,667 in restitution to the victims of his crimes. Rangeford Resources had filed a Victim Impact Statement “United States v. Joseph Brent Loftis CR-15-11-BU-DLC for restitution for its $700,000 cash investment and 7,400,000 shares of Rangeford Resources, Inc. Common stock was issued at a market price of $5.00/shares (contract date November 15, 2012) valued at $37,000,000.

On August 14, 2018, Rangeford Resources’ board of directors unanimously approved to retire 7,400,000 shares of common stock (stock certificate #1044 dated January 30 ,2013) issued to Great Northern Energy, Inc. Great Northern Energy surrendered the stock certificate to the transfer agent on September 1, 2013 and wrote letters to the SEC and FINRA confirming the release of the stock certificate. However, management elected not retire the stock certificate at the request of federal law enforcement official pending the conviction and sentencing of Great North Energy’s Joseph Brent Loftis.

On September 27, 2018, Rangeford Resources extend the Cicerone Corporate Development Revolving 8% Note to June 30, 2020.

On November 1, 2018, RangeFord Resources entered into a five-month Strategic Consulting Agreement with Petralis Energy Resources for Geological and Geophysical Services.

On December 12, 2018 Rangeford Resources entered into a memorandum of understanding with Petralis Energy Resources, LLC to acquire 16 producing wells on approximately 4,600 acres for $1,800,000.

On April 4, 2019, Rangeford Resources, Inc. executed an offer letter to acquire 100% equity interest in Signal Oil Company, LLC of Kilgore, Texas. The acquisition price is $100,000 and seller financed on a 12-month note.

On April 8, 2019, Rangeford Resources awarded a consultant 100,000 common shares for completing the annual and quarterly financial statements.

On June 17, 2019, Rangeford Resources, Inc. executed a purchase and sale agreement with Gunn Exploration, Inc. to acquire twenty wellbores on the Triangle Ranch Headquarters Field in Foard County, Texas. Due to awaiting the oil and gas mineral lease from Burnett Oil, Inc., the PSA was Amended and extended to July 15, 2019. The acquisition price is $10 and assumption of plugging and abandonment liabilities.

On July 2, 2019, Rangeford Resources, Inc. executed an offer letter with Hall Exploration, Inc. to acquire 5% working interest in the Starnes lease, a 4,290 oil and gas mineral lease with 31 producing wells located in Cochran, County, Texas. The acquisition price is $10 and is subject to a buyback clause by the seller within six months. In the event, Rangeford Resources acquires the remaining 95% working interest, the seller has a favored nation clause and will received the same favorable purchase price, terms and conditions.

On July 17, 2019, Rangeford Resources, Inc. executed an offer letter with Walsh Petroleum, Inc. to acquire 100% working interest in the Starnes lease, a 4,290-acre oil and gas mineral lease with 31 producing wells located in Cochran, County, Texas. The acquisition price is $4,290,000 and is subject to financing. The agreement is nonexclusive and seller is under no obligation and may sell to another buyer. Rangeford may convert non-exclusive agreement into a binding agreement upon a $214,500 nonrefundable deposit.

On August 2, 2019 The Securities and Exchange Commission issued an Order of Suspension of Trading of Rangeford Resources’ common stock (OTCPK:RGFR). The Securities and Exchange Commission also issued an Order Instituting Administrative Proceedings and Note of Hearing Pursuant to Section 12(j) of the Securities Exchange Act of 1934.

On August 12, 2019, Rangeford Resources executed an $88,000 convertible note with GS Capital, LLC. The 12-month term note will be a Rule 144 Note and will not be eligible for conversion of free trading shares until 6 months after the issuance of the Note unless such shares are covered by a resale registration statement. The principal and accrued interest under the Note will be convertible into shares of Common Stock of the Company at a 40% discount to the lowest trading price with a 20 day look back. The Note shall bear interest at 8% along with an OID of $8,000 such that the purchase price of the Note shall be $80,000. The Issuer will provide a transfer agent reserve of equal to 4x the discounted value of the $88,000 note. As consideration for the purchase of the Note, the Company shall issue 30,000 shares of restricted common stock.

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Significant Accounting Policies (Policies)

9 Months Ended

Dec. 31, 2017

Accounting Policies [Abstract]

Estimates

Estimates

The preparation of financial statements in conformity with generally accepted accounting principles 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 reporting period. Actual results could differ from those estimates.

Cash

Cash

Cash and cash equivalents include short-term, highly liquid investments with maturities of less than three months when acquired.

Income Taxes

Income taxes

The Company accounts for income taxes under ASC 740 “Income Taxes” which codified SFAS 109, “Accounting for Income Taxes” and FIN 48 “Accounting for Uncertainty in Income Taxes – an Interpretation of FASB Statement No.109.” Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under ASC 740, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations.

Fair Value of Financial Instruments

Fair Value of Financial Instruments

The Company’s financial instruments as defined by FASB ASC 825-10-50 include cash, trade accounts receivable, and accounts payable and accrued expenses. All instruments are accounted for on a historical cost basis, which, due to the short maturity of these financial instruments, approximates fair value at December 31, 2017 and March 31, 2017.

FASB ASC 820 defines fair value, establishes a framework for measuring fair value in accordance with generally accepted accounting principles, and expands disclosures about fair value measurements. ASC 820 establishes a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value as follows:

Level 1. Observable inputs such as quoted prices in active markets;

Level 2. Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and

Level 3. Unobservable inputs in which there is little or no market data, which requires the reporting entity to develop its own assumptions.

The Company does not have any assets or liabilities measured at fair value on a recurring or nonrecurring basis at December 31, 2017 or March 31, 2017.

Impairment of Long-Lived Assets

Impairment of Long-Lived Assets

The Company reviews its long-lived assets and certain identifiable intangibles for impairment when events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amounts of the assets to future net cash flows expected to be generated by the assets. If such assets are considered impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceed the fair value of the assets based on estimated future cash flows.

Earnings Per Share Information

Earnings Per Share Information

FASB ASC 260, “Earnings Per Share” provides for calculation of “basic” and “diluted” earnings per share. Basic earnings per share includes no dilution and is computed by dividing net income (loss) available to common shareholders by the weighted average common shares outstanding for the period. For purposes of the earnings per share calculation, we consider shares to be issued as issued shares as of the date the shares are earned. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of an entity similar to fully diluted earnings per share. Basic and diluted loss per share were the same, at the reporting dates, as there were no common stock equivalents outstanding.

Share Based Expenses

Share Based Expenses

The Company accounts for stock-based compensation issued to non-employees and consultants in accordance with the provisions of ASC 505-50 “Equity - Based Payments to Non-Employees” which codified SFAS 123 and the Emerging Issues Task Force consensus in Issue No. 96-18 (“EITF 96-18”), “Accounting for Equity Instruments that are Issued to Other Than Employees for Acquiring or in Conjunction with Selling, Goods or Services”. Measurement of share-based payment transactions with non-employees shall be based on the fair value of whichever is more reliably measurable: (a) the goods or services received; or (b) the equity instruments issued. The fair value of the share-based payment transaction should be determined at the earlier of performance commitment date or performance completion date.

Recent Accounting Pronouncements

Recent accounting pronouncements

In February 2016, the FASB issued Accounting Standards Update No. 2016-02: Leases (Topic 842) (ASU 2016-02). The main objective of ASU 2016-02 is to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The main difference between previous GAAP and Topic 842 is the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases. ASU 2016-02 requires lessees to recognize assets and liabilities arising from leases on the balance sheet. In transition, lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. For public entities, ASU 2016-02 is effective for consolidated financial statements issued for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years; early application is permitted. The provisions of this accounting update are not expected to have a material impact on the Company’s financial position, results of operations or cash flows.

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Stockholder's Equity (Tables)

9 Months Ended

Dec. 31, 2017

Equity [Abstract]

Schedule of Stock Options

A summary of option activity as of December 31, 2017 and changes during the quarter ended are presented below:

Options	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in years)		Aggregate Intrinsic Value
Outstanding March 31, 2017		308,000		$	2.30		2.3	$	-
Granted, exercised, (expired)		(308,000	)	$	-		-		-
Outstanding and exercisable December 31, 2017		-		$	-		-	$	-

Schedule of Assumptions

The key assumptions used in evaluating the warrants and the estimated fair value are as follows for the quarter ended December 31, 2017, is as follows:

	December 31, 2017
Expected volatility		190	%
Expected dividends		0
Expected term (in years)		3.0
Risk-free rate		1.44	%

Schedule of Warrant Activity

A summary of warrant activity for the period ended December 31, 2017 are presented below:

	Number of Warrants		Weighted Average Exercise Price
Balance at March 31, 2017		48,800	$	0.51
Granted		100,000		-
Exercised		-	$	-
Expired		-		-
Balance at December 31, 2017		148,800	$	0.51
Warrants exercisable at ended December 31, 2017		148,800	$	0.51

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Significant Accounting Policies (Details Narrative) - USD ($)	Dec. 31, 2017	Mar. 31, 2017
Accounting Policies [Abstract]
Assets fair value
Liability fair value

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Agreement to Purchase Oil and Gas Properties (Details Narrative) - Purchase and Sale Agreement [Member] - Great Northern Energy, Inc. [Member] - shares		9 Months Ended
	Mar. 31, 2014	Dec. 31, 2017
Stock issued during period, shares, acquisitions	7,400,000
Number of stock returned		7,400,000

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Notes Payable (Details Narrative) - USD ($)		1 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2017	Oct. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Mar. 31, 2017	Oct. 20, 2017
Warrant exercise price							$ .50
Amortization of debt discount				$ 5,336	$ 287	$ 2,303
Unamortized discount		$ 1,875
Accrued interest		$ 1,357	$ 58,102	$ 101,738	58,102
Debt converted into shares		133,333		133,334
Debt converted into shares, value		$ 94,677			115,000
Loss on conversion of debt				$ 75,185
April 2018 [Member]
Number of common stock issued, shares				422,719
Number of common stock issued				$ 442,000
Settlement Agreement [Member]
Accrued interest				6,150
Notes payable				205,000
Interest expense				$ 2,050
8% Senior Note [Member]
Proceeds from senior notes			$ 20,000
Number of warrants exercisable			40,000
Warrant exercise price			$ 0.50		$ 0.50
Fair value of warrants			$ 9,514
4% Note Payable [Member]
Notes payable	$ 205,000					205,000
Debt maturity date	Apr. 01, 2019
Stock payable	$ 442,000					$ 442,000

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Stockholder's Equity (Details Narrative) - USD ($)		1 Months Ended	3 Months Ended		9 Months Ended
	Oct. 20, 2017	Dec. 31, 2012	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Mar. 31, 2017
Preferred stock, shares authorized			3,000,000		3,000,000		3,000,000
Preferred stock par value			$ 0.001		$ 0.001		$ .001
Preferred stock stated value			$ 182		$ 182		$ 182
Common stock par value			$ 0.001		$ 0.001		$ .001
Warrant exercise price per share	$ .50
Preferred stock deemed dividends					$ 54,600	$ 54,600
Accumulated dividends in arrears					$ 248,866
Common stock, shares authorized			75,000,000		75,000,000		75,000,000
Number of shares issued for services, value					$ 610,000
Number of shares issued for services					1,425,107
Number of shares issued for compensation					1,425,107
Number of shares issued for compensation, value					$ 450,000
Common stock payable					$ 160,000
Price per share	$ 0.15
Warrant to purchase of common stock	100,000
Warrant term	3 years
Warrants expense			$ 3,559	$ 0
Stock Options and Warrants [Member]
Antidilutive securities excluded from computation of earnings per share			148,800		148,800
Common stock payable			$ 736,913		$ 736,913
Restricted Stock [Member]
Number of common stock shares received	$ 30,000
Number of shares issued	200,000
Individuals and Consultants [Member]
Number of shares issued for services, value					$ 627,000
Antidilutive securities excluded from computation of earnings per share					736,913
Series A Convertible Preferred Stock [Member]
Preferred stock, shares authorized		3,000,000
Preferred stock par value		$ 0.001
Preferred stock stated value		$ 5
Preferred stock, dividend rate, percentage		8.00%
Common stock par value		$ 0.001
Warrant exercise price per share		$ 6.50
Stock conversion description		The Company may force conversion to common stock and one warrant if the Company's common stock trades over $7.00 for forty-five consecutive trading days.
Stock conversion maximum, price per share		$ 7.00

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Stockholder's Equity - Schedule of Stock Options (Details)	9 Months Ended
	Dec. 31, 2017 USD ($) $ / shares shares
Equity [Abstract]
Number of Options, Outstanding, Beginning | shares	308,000
Number of Options, Granted, exercised, (expired) | shares	(308,000)
Number of Options, Outstanding and exercisable, Ending | shares
Weighted Average Exercise Price Outstanding, Beginning | $ / shares	$ 2.30
Weighted Average Exercise Price, Granted, exercised, (expired) | $ / shares
Weighted Average Exercise Price Outstanding and exercisable, Ending | $ / shares
Weighted Average Remaining Contractual Term (in years), Outstanding, Beginning	2 years 3 months 19 days
Weighted Average Remaining Contractual Term (in years), Granted, exercised, (expired)	0 years
Weighted Average Remaining Contractual Term (in years), Outstanding and exercisable, Ending	0 years
Aggregate Intrinsic Value, Outstanding, Beginning | $
Aggregate Intrinsic Value, Granted, exercised, (expired) | $
Aggregate Intrinsic Value, Outstanding and exercisable, Ending | $

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Stockholder's Equity - Schedule of Assumptions (Details) - Warrants [Member]	9 Months Ended
	Dec. 31, 2017
Expected volatility	190.00%
Expected dividends	0.00%
Expected term (in years)	3 years
Risk-free rate	1.44%

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Stockholder's Equity - Schedule of Warrant Activity (Details) - Warrants [Member]	9 Months Ended
	Dec. 31, 2017 $ / shares shares
Number of Warrants, Beinning Balance | shares	48,800
Number of Warrants, Granted | shares	100,000
Number of Warrants, Exercised | shares
Number of Warrants, Expired | shares
Number of Warrants, Ending Balance | shares	148,800
Number of Warrants, Warrants Exercisable | shares	148,800
Weighted Average Exercise Price, Beinning Balance | $ / shares	$ 0.51
Weighted Average Exercise Price, Granted | $ / shares
Weighted Average Exercise Price, Exercised | $ / shares
Weighted Average Exercise Price, Expired | $ / shares
Weighted Average Exercise Price, Ending Balance | $ / shares	0.51
Weighted Average Exercise Price, Warrants Exercisable | $ / shares	$ 0.51

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Related Party Transactions (Details Narrative) - USD ($)						1 Months Ended		3 Months Ended		9 Months Ended
	Dec. 31, 2017	Dec. 31, 2017	Jan. 30, 2017	Jul. 22, 2016	Sep. 04, 2013	Oct. 31, 2017	Sep. 30, 2014	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Mar. 31, 2017	Jul. 06, 2016	Mar. 01, 2016	Nov. 28, 2012
Related party advances and notes payable	$ 100	$ 100						$ 100		$ 100		$ 100			$ 100
Revolving line of credit, maturity										Jun. 30, 2020
Revolving line of credit														$ 1,250,000
Revolving credit note conversion price													$ 1
Debt conversion into stock						$ 94,677					$ 115,000
Debt balance due amount	799,607	799,607						799,607		799,607
Accrued interest	101,738	$ 101,738				$ 1,357		101,738	$ 58,102	101,738	58,102
Interest expense										$ 34,171	24,379
Note extended maturity date										Jun. 30, 2020
Consulting fees related to agreement								3,139	40,286	$ 30,564	$ 127,781
Shares, issued for services										1,425,107
Professional fees-non related party expenses								$ 30,000	0
Mr Mike Farmer [Member]
Stock compensation, value	$ 74,000
Officers compensation			$ 2,000
Share based compensation, shares issued	65,554
Share based common stock value	$ 43,266
Gain on exchange of shares	$ 30,734
Mr Mike Farmer [Member] | Exercise One [Member]
Number of options to purchase shares of common stock							108,000
Options exercise price per share							$ 1.00
Mr Mike Farmer [Member] | Exercise Two [Member]
Number of options to purchase shares of common stock							200,000
Options exercise price per share							$ 3.00
Consulting Agreement [Member]
Interest rate	4.00%	4.00%						4.00%		4.00%
Accrued interest	$ 6,239	$ 6,239						$ 6,239		$ 6,239
Interest expense								2,050	0
Promissory note, related party payable												$ 205,000
Cicerone Corporate Development, LLC [Member]
Revolving line of credit					$ 750,000
Revolving line of credit, maturity					The Revolving Note matured on February 1, 2015 and was extended to February 1, 2017.
Cicerone Corporate Development, LLC [Member] | LIBOR [Member]
Interest rate					2.75%
Debt conversion into stock				$ 115,000
Fidare Consulting Group, LLC [Member] | Consulting Agreement [Member]
Stock compensation, value		$ 10,000
Shares, issued for services		77,635
Fidare Consulting Group, LLC [Member] | Consulting Agreement [Member] | Mc Millan Family Trust [Member]
Consulting fees related to agreement								$ 90,000	$ 80,000

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Subsequent Events (Details Narrative)															1 Months Ended		9 Months Ended	12 Months Ended
	Aug. 12, 2019 USD ($) shares	Jul. 17, 2019 USD ($) a Integer	Jul. 02, 2019 USD ($) a Integer	Jun. 17, 2019 USD ($)	Apr. 08, 2019 shares	Apr. 04, 2019 USD ($)	Dec. 12, 2018 a Integer shares	Sep. 27, 2018	Aug. 14, 2018 shares	Aug. 10, 2018 USD ($) $ / shares shares	Jun. 30, 2018 USD ($)	Feb. 06, 2018 USD ($)	Oct. 20, 2017 USD ($) $ / shares shares	Jul. 01, 2017 USD ($)	Apr. 30, 2018 shares	Mar. 31, 2018 USD ($) $ / shares shares	Dec. 31, 2017 shares	Mar. 31, 2018 $ / shares shares	Oct. 31, 2017 USD ($)
Warrant to purchase of common stock | shares													100,000
Price per share | $ / shares													$ 0.15
Warrant exercise price | $ / shares													$ .50
Warrant term													3 years
Revolving note description																	Jun. 30, 2020
Number of common stock shares issued | shares																	1,425,107
Original issue of discount																			$ 1,875
Forecast [Member]
Litigation settlement amount												$ 16,026
Repayments of bank debt											$ 15,434
Stock issued during period, shares, other | shares															422,000
Loss contingency, loss in period										$ 1,662,749
Loss contingency, damages value										$ 7,931,667
Loss contingency, description										Rangeford Resources had filed a Victim Impact Statement "United States v. Joseph Brent Loftis CR-15-11-BU-DLC for restitution for its $700,000 cash investment and 7,400,000 shares of Rangeford Resources, Inc. Common stock was issued at a market price of $5.00/shares (contract date November 15, 2012) valued at $37,000,000.
Stock repurchased and retired during period, shares | shares									7,400,000
Revolving note description								Rangeford Resources extend the Cicerone Corporate Development Revolving 8% Note to June 30, 2020.
Number of common stock shares issued | shares					100,000
Forecast [Member] | Cash Investment [Member]
Loss contingency, damages value										$ 700,000
Forecast [Member] | Subscription Agreements [Member]
Warrant to purchase of common stock | shares																250,000		250,000
Warrant exercise price | $ / shares																$ 0.50		$ 0.50
Forecast [Member] | Purchase and Sale Agreement [Member]
Acquisition price amount				$ 10
Forecast [Member] | Compensation Expenses [Member]
Stock issued during period, shares, other | shares																		1,215,641
Forecast [Member] | Consulting Expenses [Member]
Stock issued during period, shares, other | shares																		832,988
Restricted Stock [Member]
Number of common stock shares received													$ 30,000
Purchase of restricted common shares | shares													200,000
Restricted Stock [Member] | Forecast [Member] | Subscription Agreements [Member]
Number of common stock shares received																$ 50,000
Purchase of restricted common shares | shares																333,335
Common Stock [Member] | Forecast [Member]
Purchase of restricted common shares | shares										7,400,000
Price per share | $ / shares										$ 5.00
Loss contingency, damages value										$ 37,000,000
Fidare [Member] | Common Stock [Member]
Monthly compensation of common stock														$ 10,000
Petralis Energy Resources, LLC [Member] | Forecast [Member]
Number of wells | Integer							16
Area of land | a							4,600
Stock issued during period, shares, acquisitions | shares							1,800,000
Signal Oil Company, LLC [Member] | Forecast [Member]
Equity interest acquire percentage						100.00%
Acquisition price amount						$ 100,000
Hall Exploration, Inc. [Member] | Forecast [Member]
Number of wells | Integer			31
Area of land | a			4,290
Acquisition price amount			$ 10
Acquire working interest percentage			5.00%
Remaining working interest percentage			95.00%
Walsh Petroleum, Inc. [Member] | Forecast [Member]
Number of wells | Integer		31
Area of land | a		4,290
Acquisition price amount		$ 4,290,000
Acquire working interest percentage		100.00%
Nonrefundable deposit		$ 214,500
GS Capital, LLC. [Member] | Forecast [Member]
Convertible note amount	$ 88,000
Debt term	12 months
Debt discount percentage	40.00%
Debt interest percentage	8.00%
Original issue of discount	$ 8,000
Purchase price of debt	$ 80,000
Number of restricted stock shares issued | shares	30,000