Company: NKLR
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001213900-25-111171
Chunk: 38

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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by $139 for the three months ended September 30, 2025 compared to the same period in 2024 primarily due to increases in travel
and entertainment expenses of $67 and $72 due to technical and engineering studies.

Other income (expenses)

Other income — related party

Other income — related party decreased
by $34 for the three months ended September 30, 2025 compared to the same period in 2024. We provided engineering consulting services
unrelated to our core business during the three months ended September 30, 2024. No such services were provided during the three
months ended September 30, 2025.

Other income (expense)

Other income increased by $160 during the three
months ended September 30, 2025 compared to the same period in 2024. The increase was primarily due to $159 of foreign currency
transaction losses.

Interest expense

Interest expense totaled $537 for the three months
ended September 30, 2025, attributable to the Bridge Loans. There was no interest expense during the same period in 2024.

Net loss

Net loss for the three months
ended September 30, 2025 was $2,987 as compared to net income of $16 for the three months ended September 30, 2024.
The $3,003 net change was due to an increase of $2,272 in loss from operations and an increase of $731 in other expense, net.

Nine Months Ended September 30, 2025 Compared to Nine Months
Ended September 30, 2024

The following table sets forth our historical results
for the periods indicated and the changes between periods:

    Nine Months Ended September 30, 

    2025  
    2024  
    $ Variance  
    % Variance 
  
    Operating expenses: 

    General and administrative 
    $5,655  
    $7  
    $5,648  
     NM 
  
    Development costs 
     244  
     53  
     191  
     NM 
  
    Total operating expenses 
     5,899  
     60  
     5,839  
     NM 
  
    Loss from operations 
     (5,899) 
     (60) 
     (5,839) 
     NM 

    Other