Company: NKLR
Filing Date: 2025-05-14
Form Type: S-4
Source: 0001213900-25-043376
Chunk: 304

Company: Terra Innovatum Global N.V.
Filing Date: 2025-05-14
Form: S-4
Chunk 304
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 engineering consulting services unrelated to our core business that we provided to related parties. Other (expenses) income During the year ended December31, 2024, other (expenses) income was relatively unchanged when compared to the year ended December31, 2023.

153

(Provision) benefit for income taxes Provision for income taxes increased $10,701 for the year ended December31, 2024 as compared to the same period in 2023. Net loss Net loss for the year ended December 31, 2024 was $33,581 as compared to net loss of $4,472 for the year ended December 31, 2023. The change was due to the result of an increase of $118,160 in loss from operations partially offset by an increase of $89,051 in other income, net. Liquidity, Going Concern, and Capital Resources Liquidity is the ability of a company to generate funds to support its current and future operations, satisfy its obligations, and otherwise operate on an ongoing basis. Since inception, we have financed our operations primarily through cash flows from capital contributions. To date, we have not generated any revenue from our core business operations. We do not expect to generate any meaningful revenue unless and until we are able to complete development, regulatory licensing and effective commercialization of the SOLO Micro -ModularNuclear Reactor. We will require additional capital to develop the SOLO Micro -ModularNuclear Reactor and to fund operations for the foreseeable future. As of December 31, 2024, we had cash of $68,934. For the year ended December 31, 2024, we used approximately $41,192 in cash for operating activities. Historically, we have incurred recurring net losses from operations and negative cash flows from operating activities. As of December 31, 2024, we had an accumulated deficit of approximately $36,862. These factors raise substantial doubt regarding our ability to continue as a going concern within one year of the date these financial statements were issued. We are trying to alleviate the going concern risk through the debt and equity financing in the U.S. capital market to support its working capital after the Merger. However, there is no guarantee that the substantial doubt about our ability to continue as a going concern will be alleviated. Our ability to continue as a going concern is dependent upon our ability to further implement our business plan and generate sufficient revenue and ability to raise additional funds. These accompanying financial statements have been prepared assuming that we