Company: NKLR
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001213900-25-111171
Chunk: 39

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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 income (expenses): 

    Other income - related party 
     -  
     96  
     (96) 
     (100)%
  
    Other expense 
     (215) 
     -  
     (215) 
     NM 
  
    Interest expense 
     (726) 
     -  
     (726) 
     NM 
  
    Change in fair value - warrant liability 
     1,260  
     -  
     1,260  
     NM 
  
    Total other income (expense), net 
     319  
     96  
     223  
     NM 
  
    Net (loss) income 
    $(5,580) 
    $36  
    $(5,616) 
     NM 
  
    Other comprehensive (loss) income 

    Change in foreign currency translation adjustment 
     (32) 
     26  
     (58) 
     NM 
  
    Total comprehensive (loss) income 
    $(5,612) 
    $62  
    $(5,674) 
     NM 

28

Operating Expenses

General and administrative

General and administrative
increased by $5,648 for the nine months ended September 30, 2025 compared to the same period in 2024 primarily due to increases of $2,366
for fees for legal services, $1,234 due to fees for management consultancy services, $796 due to fees for audit and accounting services,
$322 due to board of directors compensation, $284 due to advisory fees in connection with the SPAC transaction discussed in the “Business
Combination and Public Listing” section above, $168 due to fees for public relations consultancy services, $154 due to other
professional fees, $74 due to compliance and regulatory fees, $64 due to food and lodging expenses, and $186 of miscellaneous expenses.

We expect to continue to incur
additional general and administrative expenses as a result of operating as a public company, including expenses related to compliance
with the rules and regulations of the SEC and Nasdaq Stock Market, additional insurance costs, investor relations activities and other
administrative and professional services. As a result, we expect general and administrative expenses to increase in absolute dollars in
future periods.

Development costs

Development costs increased
by $191 for the nine months ended September 30,