Rain Enhancement Technologies Holdco, Inc.
For the period ended Dec 31, 2024. Filed Apr 16, 2025.
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FY2024 · Filed Apr 16, 2025
RAIN$0.54+7.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets: | ||
| Current assets: | ||
| Cash | $32,604 | $37,345 |
| Prepaid expenses | 12,335 | 8,136 |
| Deferred financing costs | 75,000 | - |
| Subscription receivable | 650,000 | - |
| Total current assets | 769,939 | 45,481 |
| Equipment | 414,034 | 368,206 |
| Intangible assets, net | 92,427 | 104,102 |
| Total Assets | $1,276,400 | $517,789 |
| Liabilities and Stockholders’ Deficit: | ||
| Current liabilities: | ||
| Accounts payable | $1,946,931 | $505,383 |
| Accrued expenses | 700,000 | 10,750 |
| Line of credit - related party | 3,110,149 | - |
| Note payable and advances from related parties | 400,000 | 611,265 |
| Accrued interest - related parties | 38,192 | 27,041 |
| Tax payable | - | 225 |
| Shortfall payment liability | 20,636 | - |
| Total current liabilities | 6,215,908 | 1,154,664 |
| Derivative warrant liabilities | 350,000 | - |
| Total liabilities | 6,565,908 | 1,154,664 |
| Commitments and Contingencies | ||
| Stockholders’ Deficit: | ||
| Preferred stock, $0.0001 par value; 1,000,000 shares authorized, respectively; no shares issued and outstanding as of December 31, 2024 and 2023 | - | - |
| Class A common stock, $0.0001 par value; 30,000,000 shares authorized; 7,528,761 and 1,766,554 shares issued and outstanding as of December 31, 2024 and 2023, respectively | 753 | 177 |
| Class B common stock, $0.0001 par value; 1,000,000 shares authorized; 57,752 and 0 shares issued and outstanding as of December 31, 2024 and 2023, respectively | 6 | - |
| Additional paid-in capital | 964,335 | 1,083,789 |
| Accumulated deficit | (6,254,602) | (1,720,841) |
| Total stockholders’ deficit | (5,289,508) | (636,875) |
| Total Liabilities and Stockholders’ Deficit | $1,276,400 | $517,789 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.