Company: RAIN
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001213900-25-032239
Chunk: 1513

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 9B
Chunk 1513
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000 was paid in June 2023 (equivalent to approximately $13,000).

In connection with the consulting agreement, the Company also agreed
to obtain from the Technical Advisor an irrevocable, perpetual, non-exclusive license under certain engineering designs in connection
with rainfall ionization equipment and systems. The Company fully paid the amount of $83,750 in June 2023.

Intangible Assets

Intangible assets as of December 31, 2024 and 2023 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 adopt new technologies.

Intangible assets as of December 31, 2024 and 2023 was composed
of the following:

     Weighted Average    Carrying Value      Useful Life 
(Years)   December 31, 
2024   December 31, 
2023   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        (24,323)   (12,648)  Total intangible assets, net       $92,427   $104,102  

The Company incurred approximately $12,000 and $13,000 in amortization
expenses for the years ended December 31, 2024 and 2023, respectively, and included that in the accompanying consolidated statement
of operations. The intangible assets were 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