Company: RAIN
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076727
Chunk: 73

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 73
---
angible Assets

Intangible assets as of June 30, 2025 and December
31, 2024 are composed of licenses under certain patents and designs for weather modification and rainfall ionization equipment to Dr.
Anderson and the Technical Advisor as discussed above.

Management anticipates that equipment utilizing
certain of these patents and designs will become operational and placed in service within 2025. The Company amortizes those assets on
a straight-line basis over the estimated useful lives of the assets under full-month convention. The Company plans to continually adapt
to incorporate new technologies and to expand into markets that may be created by new technologies for rainfall generation. As a result,
the Company anticipates that the licensed patents and designs will have a ten-year useful life before the Company transitions and
adopts new technologies.

Intangible assets as of June 30, 2025 and December
31, 2024 were comprised of the following:

     Weighted
Average   Carrying Value       Useful Life (Years)   June 30,
2025   December 31, 
2024   Intangible assets:                 Licensed technology for weather modification   10   $33,000   $33,000   Purchased intellectual property for rainfall ionization equipment   10   $83,750    83,750   Less:                 Accumulated amortization        (30,161)   (24,323)  Total intangible assets, net       $86,589   $92,427  

12

RAIN ENHANCEMENT TECHNOLOGIES HOLDCO, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS

JUNE 30, 2025

The Company incurred approximately $3,000 and
$6,000 in amortization expenses for each of the three and six months ended June 30, 2025 and 2024, which is included in the accompanying
unaudited condensed consolidated statements of operations. The intangible assets are tested for impairment whenever events or changes
in circumstances indicate the carrying amount may not be recoverable. These conditions may include a change in the extent or manner in
which the asset is being used or a change in future operations. For the three and six months ended June 30, 2025 and 2024, there were no