Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 269

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 269
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 | 10,374 |     | $    | (327 | ) |

The Company’s income tax benefit for the years
ended December 31, 2024 and 2023 relating to federal, state and foreign tax jurisdictions differs from the amounts determined by
applying the statutory federal income tax rate based on the following:

|                                       |     | Years Ended December 31, |   2024 |   |     |        |    |     |   |   2023 |   |     |        |    |
|:--------------------------------------|:----|:-------------------------|-------:|:--|:----|-------:|:---|:----|:--|-------:|:--|:----|-------:|:---|
| Expense (Benefit) at the federal rate |     | $                        | (6,688 | ) |     |  28.82 | %  |     | $ | (1,383 | ) |     |  28.82 | %  |
| Increase (decrease) resulting from:   |     |                          |        |   |     |        |    |     |   |        |   |     |        |    |
| Other                                 |     |                          | 17,062 |   |     | (73.52 | )% |     |   |  1,056 |   |     | (22.01 | )% |
| Total income tax provision (benefit)  |     | $                        | 10,374 |   |     | (44.70 | )% |     | $ |   (327 | ) |     |   6.81 | %  |

At December 31, 2024 and 2023, the Company
did not have any deferred tax assets or liabilities.

The Company complies with the provisions of ASC 740
in accounting for its uncertain tax positions. ASC 740 addresses the determination of whether tax benefits claimed or expected to
be claimed on a tax return should be recorded in the financial statements. Under ASC 740, the Company may recognize the tax benefit
from an uncertain tax position only if it is more likely that not that the tax position will be sustained on examination by the taxing
authorities, based on the technical merits of the position. At December 31, 2024 and 2023, the Company had no uncertain tax positions.

The Company recognizes interest accrued related
to unrecognized tax benefits and