Company: RAIN
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110062
Chunk: 72

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 72
---
,492  
    $- 
  
    Rainfall ionization equipment and systems, completed 
     414,034  
     414,034 
  
    Total 
    $1,272,526  
    $414,034 

As soon as the Equipment is placed in service
upon agreement with other parties, the Company will begin to depreciate those assets on a straight-line basis over the estimated useful
lives of the assets, generally 10 to 15 years. At the time of retirement or other disposition of the Equipment, the
cost and accumulated depreciation will be removed from the accounts and the resulting gain or loss, if any, will be reflected in operations.

The Company completed installation and placed
its Equipment in service in the first week of November 2025, at which point depreciation commenced. The Company incurred an aggregate
of $56,000 and $74,000 for the three and nine months ended September 30, 2025, respectively, in installation costs to prepare its units
for service readiness in the accompanying unaudited condensed statements of operations.

Intangible Assets

Recognized intangible assets have finite lives
and include acquired licenses for market-ready technology and designs of weather modification and rainfall ionization equipment. Intangible
assets acquired separately are measured on initial recognition at cost. Following initial recognition, intangible assets are carried at
cost less any accumulated amortization and accumulated impairment losses.

Intangible assets with finite lives are amortized
using the straight-line method over the estimated useful economic life. The amortization period and the amortization method for an intangible
asset with a finite useful life are reviewed at least at the end of each reporting period. Changes in the expected useful life or the
expected pattern of consumption of future economic benefits embodied in the asset are considered to modify the amortization period or
method, as appropriate, and are treated as changes in accounting estimates. The amortization expense on intangible assets with finite
lives is recognized in the statements of operations and in the expense category that is consistent with the function of the intangible
assets.

Intangible assets with finite lives are tested
for impairment whenever events or changes in circumstances indicate the carrying amount may not be recoverable. These conditions may include
a change in the extent or manner in which the asset is being used or a change in future operations. The Company assesses the recoverability
of the carrying amount by preparing estimates of future revenue, margins, and cash flows. If the sum