Company: RAIN
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001213900-25-032239
Chunk: 1360

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 9
Chunk 1360
---
%

There were no unrecognized tax benefits or accruals
for interest and penalties as of December 31, 2024 and 2023. The Company is currently not aware of any issues under review that could
result in significant payments, accruals or material deviation from its position. The Company has been subject to income tax examinations
by major taxing authorities since inception. The Company’s management does not expect that the total amount of unrecognized tax
benefits will materially change over the next twelve months.

Note 10—Segment Information

ASC Topic 280, “Segment Reporting,”
establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic
areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial information is
available that is regularly evaluated by the Company’s chief operating decision maker, or group, in deciding how to allocate resources
and assess performance.

The Company operates and manages the business
as one reportable and operating segment, which is the business of developing, manufacturing and commercializing ionization rainfall generation
technology. The Company’s Chief Executive Officer has been identified as the chief operating decision maker (“CODM”), who
reviews the operating results for the Company as a whole to make decisions about allocating resources and assessing financial performance.
Accordingly, management has determined that the Company only has one operating segment.

When evaluating the Company’s performance and
making key decisions regarding resource allocation the CODM reviews several key metrics, which include the following:

    For the years ended
 December 31, 

    2024  
    2023 
  
    General and administrative expenses 
    $4,491,706  
    $397,200 
  
    Franchise tax expenses 
     225  
     225 
  
    Other significant non-cash items: 

    Amortization expenses 
     11,675  
     12,648 
  
    Loss from operations 
     (4,503,606) 
     (410,073)
  
    Total other expenses 
     (30,155) 
     (26,934)
  
    Net loss 
    $(4,533,761) 
    $(437,007)

As the Company has not earned any revenue, the
key measures of segment profit or loss reviewed by our CODM are general and administrative expenses to monitor, manage and forecast cash
to ensure enough capital is available for working capital needs.