Company: RAIN
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044438
Chunk: 16

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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ANCEMENT TECHNOLOGIES HOLDCO, INC.

NOTES TO UNAUDITED CONDENSED
CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2025

The net loss per share presented in the unaudited
condensed consolidated statements of operations is based on the following for the three months ended March 31, 2025 and 2024:

    For the three months ended March 31, 

    2025  
    2024 

    Class A
 common
 stock  
    Class B
 common
 stock  
    Class A
 common
 stock  
    Class B common
 stock 
  
    Basic and diluted net loss per common share: 

    Numerator: 

    Allocation of net loss 
    $1,471,159) 
    $(11,285) 
    $(31,340) 
    $        - 

    Denominator: 

    Basic and diluted weighted average share outstanding 
     7,528,761  
     57,752  
     1,766,554  
     - 

    Basic and diluted net loss per common share 
    $(0.20) 
    $(0.20) 
    $(0.02) 
    $- 

Recent Accounting Pronouncements

In December 2023, the FASB issued ASU No. 2023-09
(Topic 740), Improvements to Income Tax Disclosures. The ASU requires disaggregated information about a reporting entity’s
effective tax rate reconciliation as well as an expansion of other income tax disclosures. The ASU is effective on a prospective basis
for annual reporting periods beginning after December 15, 2024. The Company is currently evaluating the impact this ASU will have
on its consolidated financial statements and related disclosures.

Issued in November 2024, ASU 2024-03, Disaggregation of income Statement Expenses (Subtopic 220-40), requires the disaggregated disclosure
of specific expense categories, including purchases of inventory, employee compensation, depreciation, and amortization, within relevant
income statement captions. This ASU also requires disclosure of the total amount of selling expenses along with the definition of selling
expenses. The ASU is effective for annual periods beginning after December 15, 2026, and interim periods within fiscal years beginning
after December 15, 2027. Adoption of this ASU