Company: RAIN
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044438
Chunk: 4

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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 Flows from Operating Activities: 

    Net loss 
    $(1,482,444) 
    $(31,340)
  
    Adjustments to reconcile net loss to net cash (used in) provided by operating activities: 

    Amortization expenses 
     2,919  
     2,919 
  
    General and administrative expenses advanced by related parties 
     194  
     169,416 
  
    Change in fair value of warrant liability 
     90,000  
     - 
  
    Changes in operating assets and liabilities: 

    Prepaid expenses 
     (320,063) 
     (16,518)
  
    Accounts payable 
     229,566  
     (108,648)
  
    Accrued expenses 
     425,719  
     (10,250)
  
    Accrued interest - related parties 
     47,082  
     7,397 
  
    Tax payable 
     -  
     (169)
  
    Net cash (used in) provided by operating activities 
     (1,007,027) 
     12,807 

    Cash Flows from Investing Activities: 

    Capital expenditures for equipment 
     (139,387) 
     (41,347)
  
    Net cash used in investing activities 
     (139,387) 
     (41,347)

    Cash Flows from Financing Activities: 

    Proceeds from draw down under line of credit 
     736,935  
     - 
  
    Receipt of subscription receivable 
     650,000  
     - 
  
    Net cash provided by financing activities 
     1,386,935  
     - 

    Net change in cash 
     240,521  
     (28,540)

    Cash - beginning of the year 
     32,604  
     37,345 
  
    Cash - end of the year 
    $273,125  
    $8,805 

The accompanying notes are an integral part
of the unaudited condensed consolidated financial statements.

4

RAIN ENHANCEMENT TECHNOLOGIES HOLDCO, INC.

NOTES TO UNAUDITED CONDENSED
CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2025

Note 1 —