RAIN: the balance sheet

MyFinsight

For the quarter ending 2026-03-31, RAIN has $2,625,337 in assets. $16,973,420 in debts.

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Deferred financing costs	-	-	-	75,000
Cash	580,642	213,688	236,735	16,473
Subscription receivable	-	-	-	0
Prepaid expenses	567,358	103,796	349,080	347,696
Total current assets	1,148,000	317,484	585,815	439,169
Security deposit	5,433	-	-	-
Equipment, net	396,782	407,133	414,034	414,034
Construction in-process equipment	997,289	987,805	858,492	612,709
Intangible assets, net	77,833	80,752	83,670	86,589
Total assets	2,625,337	1,793,174	1,942,011	1,552,501

Accounts payable	1,754,687	1,532,752	2,284,222	1,391,554
Accounts payable - related parties	111,311	-	-	-
Accrued expenses	112,439	1,078,294	611,753	1,310,689
Accrued expenses - related parties	1,274,810	831,429	415,714	13,609
Line of credit - related party	11,791,510	9,102,493	6,598,673	5,509,871
Note payable from related parties	400,000	400,000	400,000	400,000
Accrued interest - related parties	462,115	322,656	361,590	118,365
Tax liability	912	912	-	-
Shortfall payment liability	20,636	20,636	20,636	20,636
Total current liabilities	15,928,420	13,289,172	10,692,588	8,764,724
Derivative warrant liabilities	1,045,000	1,250,000	825,000	512,500
Total liabilities	16,973,420	14,539,172	11,517,588	9,277,224
Common stock-Common Class A	813	813	813	753
Common stock-Common Class B	6	6	6	6
Additional paid-in capital	2,857,282	2,599,139	1,313,605	964,335
Accumulated deficit	-17,206,184	-15,345,956	-10,890,001	-8,689,817
Total stockholders deficit	-14,348,083	-12,745,998	-9,575,577	-7,724,723
Total liabilities and stockholders deficit	2,625,337	1,793,174	1,942,011	1,552,501

Unit: Dollar. Numbers labeled with * are estimated quarterly values.