Company: RAIN
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110062
Chunk: 0

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Item 1. Unaudited Condensed Consolidated Financial Statements

RAIN ENHANCEMENT TECHNOLOGIES HOLDCO, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

    September 30, 2025  
    December 31,  2024 

    (unaudited)  

    Assets: 

    Current assets: 

    Cash 
    $236,735  
    $32,604 
  
    Prepaid expenses 
     349,080  
     12,335 
  
    Deferred financing costs 
     -  
     75,000 
  
    Subscription receivable 
     -  
     650,000 
  
    Total current assets 
     585,815  
     769,939 
  
    Equipment 
     414,034  
     414,034 
  
    Construction in-process equipment 
     858,492  
     - 
  
    Intangible assets, net 
     83,670  
     92,427 
  
    Total Assets 
    $1,942,011  
    $1,276,400 

    Liabilities and Stockholders’ Deficit: 

    Current liabilities: 

    Accounts payable 
    $2,284,222  
    $1,946,931 
  
    Accrued expenses 
     611,753  
     700,000 
  
    Accrued expenses - related party 
     415,714  
     - 
  
    Line of credit - related party 
     6,598,673  
     3,110,149 
  
    Note payable from related parties 
     400,000  
     400,000 
  
    Accrued interest - related parties 
     361,590  
     38,192 
  
    Shortfall payment liability 
     20,636  
     20,636 
  
    Total current liabilities 
     10,692,588  
     6,215,908 
  
    Derivative warrant liabilities 
     825,000  
     350,000 
  
    Total liabilities 
     11,517,588  
     6,565,908 

    Commitments and Contingencies 

    Stockholders’ Deficit: 

    Preferred stock, $0.0001 par value;