Company: RAIN
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076727
Chunk: 27

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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 June 30,  
    For the six months ended June 30, 

    2025  
    2024  
    2025  
    2024 
  
    General and administrative expenses 
    $1,068,887  
    $314,473  
    $2,411,369  
    $335,501 
  
    Other significant non-cash items: 

    Amortization expenses 
     2,919  
     2,919  
     5,838  
     5,838 
  
    Loss from operations 
     (1,071,806) 
     (317,392) 
     (2,417,207) 
     (341,339)
  
    Total other income (expenses) 
     119,035  
     (7,396) 
     (18,008) 
     (14,789)
  
    Net loss 
    $(952,771) 
    $(324,788) 
    $(2,435,215) 
    $(356,128)

As the Company has not earned any revenue, the
key measures of segment profit or loss reviewed by the Company’s CODM are general and administrative expenses to monitor, manage
and forecast cash to ensure enough capital is available for working capital needs. The CODM also reviews general and administrative costs
to manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget.

Note 10 — Subsequent Events

The Company evaluated subsequent events and transactions
that occurred after the balance sheet date through August 14, 2025, the date at which the unaudited condensed consolidated financial
statements were issued. Based upon this review, the Company did not identify any subsequent events that required adjustment or disclosure
in the unaudited condensed consolidated financial statements, except as noted below.

Subsequent to June 30, 2025, the Company drew
an additional amount of approximately $354,000 under the LOC.

16

ITEM 2. MANAGEMENT’S DISCUSSION
AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

The following discussion and analysis of our financial
condition and results of operations should be read in conjunction with the unaudited condensed consolidated financial statements and the
notes thereto contained elsewhere in this quarterly report. References in this quarterly report on Form 10-Q (this “Report