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

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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DCO, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS

SEPTEMBER 30, 2025

Any of the above mentioned factors, or any other
negative impact on the global economy, capital markets or other geopolitical conditions, and subsequent sanctions or related actions,
instability, volatility or lack of liquidity in the financial markets, could adversely affect the Company’s business, financial
and operating results.

Note 2 — Summary of Significant
Accounting Policies

Basis of Consolidation and Presentation

The unaudited condensed consolidated financial
statements include the accounts of the Company and its wholly-owned subsidiaries: Rainwater Acquisition Corp (f.k.a Merger Sub 1) and
RWT. All significant intercompany accounts and transactions have been eliminated.

The unaudited condensed consolidated financial
statements are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States of America (“U.S.
GAAP”) and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”) for interim
financial information. Certain disclosures normally included in financial statements have been condensed or omitted from these unaudited
condensed consolidated financial statements as they are not required for interim financial statements under GAAP and the rules of the
SEC. Accordingly, these unaudited condensed consolidated financial statements do not include all the information and footnotes necessary
for a comprehensive presentation of financial position, results of operations, or cash flows. In the opinion of management, all adjustments
(consisting of normal accruals) considered for a fair presentation of the financial position, operating results and cash flows for the
periods presented have been included. Operating results for the three and nine months ended September 30, 2025 are not necessarily indicative
of the results that may be expected for the year ending December 31, 2025 or any future period.

The accompanying unaudited condensed consolidated
financial statements should be read in conjunction with the Company’s Annual Report Form 10-K as of December 31,
2024, as filed with the SEC on April 16, 2025, which contains the Company’s audited consolidated financial statements and notes
thereto.

Use of Estimates

The preparation of the unaudited condensed consolidated
financial statements in conformity with U.S. GAAP requires the Company’s management to make estimates and assumptions that affect
the reported amounts of assets, liabilities and expenses