Company: NKLR
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001213900-25-111171
Chunk: 37

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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18) 
     (2,272) 
     NM 

    Other income (expenses): 

    Other income - related party 
     -  
     34  
     (34) 
     (100)%
  
    Other expense 
     (160) 
     -  
     (160) 
     NM 
  
    Interest expense 
     (537) 
     -  
     (537) 
     NM 
  
    Change in fair value - warrant liability 
     -  
     -  
     -  
     NM 
  
    Total other (expense) income, net 
     (697) 
     34  
     (731) 
     NM 
  
    Net (loss) income 
    $(2,987) 
    $16  
    $(3,003) 
     NM 
  
    Other comprehensive (loss) income 

    Change in foreign currency translation adjustment 
     (49) 
     27  
     (76) 
     NM 
  
    Total comprehensive (loss) income 
    $(3,036) 
    $43  
    $(3,079) 
     NM 

Operating Expenses

General and administrative

General and administrative
increased by $2,133 for the three months ended September 30, 2025 compared to the same period in 2024 primarily due to increases of
$913 for fees for management consultancy services, $743 due to legal services, $181 due to audit and accounting services, $147
due to other professional fees, $95 due to board of directors compensation, $59 due to fees for public relations consultancy services,
$56 due to compliance and regulatory fees, $18 due to food and lodging expenses, $11 due to advisory fees in connection with the
SPAC transaction discussed in the “Business Combination and Public Listing” section above, offset by a net decrease
of $90 of miscellaneous expenses.

27

We expect to continue to incur additional general
and administrative expenses as a result of operating as a public company, including expenses related to compliance with the rules and
regulations of the SEC and Nasdaq Stock Market, additional insurance costs, investor relations activities and other administrative and
professional services. As a result, we expect general and administrative expenses to increase in absolute dollars in future periods.

Development costs

Development costs increased