Company: RAIN
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076727
Chunk: 36

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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 amortization expenses
of approximately $3,000 and interest expense in connection with the note payable to related parties of approximately $7,000.

For the six months ended June 30, 2024, we had
net loss of approximately $356,000, which consisted of general and administrative expenses of approximately $335,000, amortization expenses
of approximately $6,000 and interest expense in connection with the note payable to related parties of approximately $15,000.

Cash Flows 

For the six months ended June 30, 2025, net cash
used in operating activities was approximately $1.4 million, net cash used in investing activities was approximately $613,000, and net
cash provided by financing activities was approximately $2.0 million. Net loss of approximately $2.4 million, and gain from settlement
with vendor of approximately $226,000, partially offset by changes in operating assets and liabilities of approximately $39,000, amortization
expense of approximately $6,000, approximately $1.1 million paid by related parties on behalf of RWT, and change in fair value of warrant
liability of $162,500, resulted in approximately $1.4 million of net cash used in operating activities. Cash used in investing activities
consisted solely of payment for building Equipment of approximately $613,000. Cash provided by financing activities resulted from proceeds
from payment of subscription receivable of $650,000 and proceeds from drawdowns under the LOC of approximately $1.3 million.

21

For the six months ended June 30, 2024, net cash
provided by operating activities was approximately $46,000, net cash used in investing activities was approximately $45,000, and net cash
provided by financing activities was $415,000. Net loss of approximately $356,000 was partially offset by amortization expense of approximately
$6,000, expenses paid by related parties on behalf of RWT of approximately $228,000, and changes in operating assets and liabilities of
approximately $76,000, resulted in net cash used in operating activities of approximately $46,000. Cash used in investing activities consisted
solely of payment for building Equipment of approximately $45,000. Cash provided by financing activities resulted solely from proceeds
from subscription payable of $415,000.

Patent and Consulting Agreements

Patent License

On November 21, 2022, RWT entered into a
license agreement with Dr