Company: NKLR
Filing Date: 2025-12-09
Form Type: S-1/A
Source: 0001213900-25-119411
Chunk: 213

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-09
Form: S-1/A
Chunk 213
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 not directly reconcile with the corresponding
changes in balances reported on the balance sheets.

Comprehensive Income (Loss)

ASC 220, Comprehensive Income, establishes
standards for reporting and display of comprehensive income or loss, its components and accumulated balances. Comprehensive income or
loss as defined includes all changes in equity during a period from non-owner sources. Accumulated comprehensive income (loss), as
presented in the accompanying statements of changes in quotaholders’ deficit, consists of changes in unrealized gains and losses
on foreign currency translation.

Net loss per share

The Company is a limited liability company (Srl.)
under Italian law and does not issue traditional shares. Instead, ownership is divided into quotas (similar to membership interests in
a limited liability company in the United States), which represent percentage ownership in the Company and not actual shares. Historical
earnings per quota has not been included in these financial statements as the Company determined that representing net loss per quota
is not a meaningful or material disclosure due to the Company’s current capital structure.

Fair Value Measurement

The Company measures certain financial assets and
liabilities at fair value in accordance with ASC 820. Fair value is a market-based measurement that should be determined based on
assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, the Company
uses a three-level hierarchy, which prioritizes fair value measurements based on the types of inputs used for the various valuation techniques
(market approach, income approach and cost approach). The levels of hierarchy are described below:

| Level 1 — | Quoted prices in active markets for identical instruments.                                                                                                                                                                                                               |
| Level 2 — | Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets. |
| Level 3 — | Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.                                                                                                                                      |

F-44 Terra Innovatum, Srl.
Notes to the Financial Statements Note 3. Summary of Significant Accounting Policies(cont.) The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. Financial assets and liabilities are classified in their entirety based on the most stringent level of input that is significant to the fair value measurement. The Company’s financial instruments include cash and cash equivalents, accounts