Company: RAIN
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001213900-25-032239
Chunk: 617

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 2
Chunk 617
---
 options granted during the year ended December 31, 2024:

  Risk free interest rate   4.17%  Expected term (in years)   10   Expected volatility   45.0%  Dividend yield   0.0%  Estimated underlying stock price  $2,897.12   Fair value of options (per share)  $1,851.67  

Note 9 — Income Taxes

The Company’s income tax provision consists of the following:

    December 31, 

    2024  
    2023 
  
    Current 

    Federal 
    $-  
    $- 
  
    State 
     -  
     - 
  
    Deferred 

    Federal 
     (667,496) 
     (90,502)
  
    State 
     -  
     - 
  
    Valuation allowance 
     667,496 
     90,502 
  
    Income tax provision 
    $-  
    $- 

The Company’s net deferred tax assets are as follows:

    December 31, 

    2024  
    2023 
  
    Deferred tax assets: 

    Start-up/Organization costs 
    $124,713  
    $50,795 
  
    Intangibles 
     1,703  
     885 
  
    Stock based compensation 
     583,239  
     - 
  
    Net operating loss carryforwards 
     114,223  
     104,701 
  
    Total deferred tax assets 
     823,877  
     156,381 
  
    Valuation allowance 
     (823,877) 
     (156,381)
  
    Deferred tax asset, net of allowance 
    $-  
    $- 

In assessing the realization of deferred tax assets,
management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The
ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which temporary
differences representing net future deductible amounts become deductible. Management considers the scheduled reversal of deferred tax
assets, projected future taxable income and tax planning strategies in making this assessment. After consideration of all of the information
available, management believes that significant uncertainty exists