Company: RAIN
Filing Date: 2025-04-18
Form Type: POS AM
Source: 0001213900-25-033116
Chunk: 197

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-18
Form: POS AM
Chunk 197
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 expensed
in the period incurred. Some of the lease agreements may include options to extend the lease term or terminate the lease. These options
would be accounted for in our right-of-use assets and lease liabilities when it is reasonably certain that the Company will extend the
lease term or terminate the lease. As of December 31, 2024 and 2023, there were no lease agreements in place.

F-11

Income Taxes

The Company follows the asset and liability method of accounting for
income taxes under FASB ASC 740, “Income Taxes” (“ASC 740”). Deferred tax assets and liabilities are recognized
for the estimated future tax consequences attributable to differences between the consolidated financial statements carrying amounts of
existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted tax rates
expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.

The effect on deferred tax assets and liabilities of a change in tax
rates is recognized in income in the period that included the enactment date. Valuation allowances are established, when necessary, to
reduce deferred tax assets to the amount expected to be realized. As of December 31, 2024 and 2023, the Company had approximately $ and $, respectively, in deferred tax assets.

ASC 740 prescribes a recognition threshold and a measurement attribute
for the consolidated financial statements recognition and measurement of tax positions taken or expected to be taken in a tax return.
For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities.
There were no unrecognized tax benefits as of December 31, 2024 and 2023. The Company recognizes accrued interest and penalties related
to unrecognized tax benefits as income tax expense. No amounts were accrued for the payment of interest and penalties as of December 31,
2024 and 2023. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material
deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception.

Net Loss Per Common Share

Net loss per share of common stock is computed
by dividing net loss by the weighted average number of shares of common stock outstanding during the periods. As of December 31, 2024
and 2023, the Company did not have any dilutive securities and other contracts that could, potentially, be exercised or converted into
shares