Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 277

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 277
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 an accumulated deficit of approximately $2,630,042.

These factors raise substantial doubt regarding
the Company’s ability to continue as a going concern within one year of the date these financial statements were issued.

The Company is trying to alleviate the going concern
risk through the debt and equity financing in the United States (“U.S.”) capital market to support its working capital
after the Merger (see Note 5 — Commitments and Contingencies). However, there is no guarantee that the substantial doubt
about the Company’s ability to continue as a going concern will be alleviated. The ability of the Company to continue as a going
concern is dependent upon the Company’s ability to further implement its business plan and generate sufficient revenue and its ability
to raise additional funds.

These accompanying financial statements have been
prepared assuming that the Company will continue as a going concern and do not include any adjustments that might result from the outcome
of this uncertainty.

<div align='center'>F-56

Terra Innovatum Global, Srl.
Notes to the Consolidated Financial Statements
(Unaudited)</div>

Note 3. Summary of Significant Accounting Policies

There have been no significant changes to the accounting
policies during the six months period ended June 30, 2025, as compared to the significant accounting policies described in Note 3
of the Notes to the financial statements in the Terra Innovatum, Srl’s audited financial statements and Note 3 of the Notes
to the financial statements in Terra Innovatum Global, Srl’s audited financial statements both included in the registration statement
herein.

The accompanying financial statements have been
prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).

Basis of Presentation

In the opinion of the Company, the accompanying
consolidated financial statements contain all adjustments, consisting of only normal recurring adjustments, necessary for a fair presentation
of its financial position and its results of operations, changes in quotaholders’ deficit and cash flows. The consolidated financial
statements include the financial statements of Terra Innovatum Global, Srl. and Terra Innovatum, Srl. All intercompany balances and transactions
have been eliminated. Certain information and note disclosures normally included in the financial statements prepared in accordance with
GAAP have been omitted pursuant to such rules and regulations. The balance sheet as of December 31, 2024, was derived from the Terra
Innovatum, Srl. audited annual financial statements