Company: NKLR
Filing Date: 2025-09-03
Form Type: S-4/A
Source: 0001213900-25-084087
Chunk: 513

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-03
Form: S-4/A
Chunk 513
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 company in the United States), which represent percentage ownership in the Company and not actual shares. Historical earnings per quota have not been included in these financial statements as the Company determined that representing net loss per quota is not a meaningful or material disclosure due to the Company’s current capital structure. Warrants The Company determines the accounting classification of warrants it issues, as either liability or equity classified, by first assessing whether the warrants require liability classification in accordance with ASC 480 -10, Distinguishing Liabilities from Equity (“ASC 480 -10”). If warrants do not meet the liability classification criteria under ASC 480 -10, the Company assesses the requirements under ASC 815 -40, Contracts in Entity’s Own Equity (“ASC 815 -40”). To determine whether the warrants meet the equity classification criteria under ASC 815 -40, the Company assesses whether the warrants are indexed to the Company’s common stock and satisfy the equity classification criteria under ASC 815 -40. After all relevant assessments, the Company concludes whether the warrants are classified as a liability or equity. Liability classified warrants require fair value accounting at issuance and subsequent to initial issuance, with all changes in fair value after the issuance date recorded in the consolidated statements of operations and comprehensive loss. Equity classified warrants only require fair value accounting at issuance with no changes in fair value recognized subsequent to the issuance date. Other Income — Related Party Other income — related party consists of engineering consulting services provided to related parties that are unrelated to the Company’s core business. This income is recognized as the related performance obligations are satisfied. Refer to Note 4 - Related Party Transactions for further details. F-58 Terra Innovatum Global, Srl.
Notes to the Consolidated Financial Statements
(Unaudited) Note 3. Summary of Significant Accounting Policies (cont.) Segments ASC Topic 280, Segment Reporting, establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial information is available that is regularly evaluated by the Company’s chief operating decision maker, or group, in deciding how to allocate resources and assess performance. For the six months ended June 30, 2025 and 2024, the Company was managed as a single operating segment in accordance with the provisions in the Financial Accounting Standards Board (“FASB”) guidance on segment reporting, which establishes standards for, and requires disclosure of, certain financial information related to reportable operating segments and geographic regions. Furthermore,