Company: RAIN
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110062
Chunk: 76

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 76
---
,600,112) 
    $(35,287) 
    $(3,349,006) 
    $(14,768)

    Denominator: 

    Basic and diluted weighted average share outstanding 
     7,528,761  
     57,752  
     1,816,340  
     8,009 

    Basic and diluted net loss per common share 
    $(0.61) 
    $(0.61) 
    $(1.84) 
    $(1.84)

Recent Accounting Pronouncements

In December 2023, the FASB issued ASU No. 2023-09
(Topic 740), Improvements to Income Tax Disclosures. The ASU requires disaggregated information about a reporting entity’s
effective tax rate reconciliation as well as an expansion of other income tax disclosures. The ASU is effective on a prospective basis
for annual reporting periods beginning after December 15, 2024. The Company will adopt ASU 2023-09 in its fourth quarter of 2025
for the period ending December 31, 2025, and the adoption will impact only the disclosures with no material impact on the Company’s
consolidated financial statements.

Issued in November 2024, ASU 2024-03, Disaggregation
of income Statement Expenses (Subtopic 220-40), requires the disaggregated disclosure of specific expense categories, including purchases
of inventory, employee compensation, depreciation, and amortization, within relevant income statement captions. This ASU also requires
disclosure of the total amount of selling expenses along with the definition of selling expenses. The ASU is effective for annual periods
beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. Adoption of this ASU can
either be applied prospectively to consolidated financial statements issued for reporting periods after the effective date of this ASU
or retrospectively to any or all prior periods presented in the consolidated financial statements. While early adoption is permitted,
the Company does not plan to adopt this standard early. This ASU will likely result in additional disclosures being included in the Company’s
consolidated financial statements once adopted. The Company is currently evaluating the provisions of this ASU will have on its consolidated
financial statements.

11

RAIN ENHANCEMENT TECHNOLOGIES HOLDCO, INC.

NOTES TO UNAUDITED CONDENSED