Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 260

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 260
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 and equity financing in the United States (“U.S.”) capital market to support its working capital
after the Merger (refer to Note 12. Subsequent Events). However, there is no guarantee that the substantial doubt about the Company’s
ability to continue as a going concern will be alleviated. The ability of the Company to continue as a going concern is dependent
upon the Company’s ability to further implement its business plan and generate sufficient revenue and its ability to raise additional
funds.

These accompanying financial statements have been
prepared assuming that the Company will continue as a going concern and do not include any adjustments that might result from the outcome
of this uncertainty.

Note 3. Summary of Significant Accounting Policies

The accompanying financial statements have been
prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).

Cash and Cash Equivalents

The Company considers all highly liquid investments
with original maturities of three months or less at the time of purchase to be cash equivalents. Cash equivalents are stated at cost,
which approximates market value, because of the short maturity of these instruments. The Company had $68,934 and $1,677 in cash as of
December 31, 2024 and 2023, respectively. The Company had no cash equivalents as of December 31, 2024 and 2023.

Use of Estimates

The preparation of financial statements in conformity
with U.S. GAAP requires management to make certain estimates, judgments and assumptions. The Company believes that the estimates,
judgments and assumptions made when accounting for items and matters such as, but not limited to, equity-based compensation and contingencies
are reasonable, based on information available at the time they are made.
These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities as of the date of the financial statements,
as well as amounts reported on the statements of operations during the years presented. Actual results could differ from those estimates.

<div align='center'>F-42

Terra Innovatum, Srl.
Notes to the Financial Statements</div>

Note 3. Summary of Significant Accounting Policies(cont.)

Foreign Currency Translation

The Company’s reporting currency is the United States
Dollar (“US$”), while its functional currency is the Euro (“€”), which it uses for conducting business and
maintaining its books and records. The accompanying financial statements are presented in US$.

In accordance with ASC 830-30, Translation of Financial Statements, the