Company: NKLR
Filing Date: 2025-12-09
Form Type: S-1/A
Source: 0001213900-25-119411
Chunk: 218

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-09
Form: S-1/A
Chunk 218
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 December 31, 
         2024 |     |   | December 31, 
         2023 |
|:------------------------------------------------|:----|:--|-------------:|:----|:--|-------------:|
| Prepaid expenses                                |     | $ |       63,109 |     | $ |            — |
| Taxes receivables                               |     |   |          970 |     |   |        1,367 |
| Total prepaid expenses and other current assets |     | $ |       64,079 |     | $ |        1,367 |

F-47 Terra Innovatum, Srl.
Notes to the Financial Statements

Note 7. Accrued Expenses and other current liabilities

Accrued expenses and other current liabilities consisted
of the following:

|                                                      |     |   | December 31, 
         2024 |     |   | December 31, 
         2023 |
|:-----------------------------------------------------|:----|:--|-------------:|:----|:--|-------------:|
| Wages payable                                        |     | $ |       10,070 |     | $ |        7,603 |
| Taxes payable                                        |     |   |       10,395 |     |   |        1,435 |
| Other                                                |     |   |           58 |     |   |           24 |
| Total accrued expenses and other current liabilities |     | $ |       20,523 |     | $ |        9,062 |

Note 8. Other Non-Current Liabilities Other non-current liabilities consist of Trattamento di Fine Rapporto (“TFR”) liability of $ 5,585and $ 2,103as of December 31, 2024, and December 31, 2023, respectively. TFR represents a defined-benefit plan in Italy, a legally required end-of-service allowance, paid regardless of the reason for the employee’s departure from the company. The annual accrual is approximately 7% of total pay, with no ceiling, and is revalued each year by applying a pre-established rate of return of 1.50%, plus 75% of the Consumer Price Index, and is recorded by a book reserve. TFR is an unfunded plan. Note 9. Quotaholders’ Deficit The Company is an Srl., which is an Italian limited liability company similar to a limited liability company in the United