Company: LNAI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001731122-25-000765
Chunk: 18

Company: Lunai Bioworks Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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 Schedule of definite-life and indefinite-life intangible assets 

    Useful Life 
    June 30, 2024 
     Additions 
     Amortization 
     Impairment 
    Translation Adjustment 
    March 31, 2025
  
    Definite Life Intangible Assets 

    Patents 
    20 Years 
    $284,977  
    $—  
    $—  
    $—  
    $2,103  
    $287,080 
  
    Less Accumulated Amortization 
      
     (254,934) 
     —  
     (7,326) 
     —  
     (8,648) 
     (270,908)
  
    Net Definite-Life Intangible Assets 
      
    $30,043  
    $—  
    $(7,326) 
    $—  
    $(6,545) 
    $16,172 

    Goodwill 

    Goodwill 
      
     159,330,161  
     —  
     —  
     (47,614,729) 
     926,840  
     112,642,272 
  
    Total Goodwill 
      
    $159,330,161  
    $—  
    $—  
    $(47,614,729) 
    $926,840  
    $112,642,272 

Expected future amortization expense is as follows:

    Schedule of expected future amortization expense  

    Years ended June 30, 

    2025  
    $4,043 
  
    2026  
     4,043 
  
    2027  
     4,043 
  
    2028  
     4,043 
  
    Total  
    $16,172 

NOTE 5 — DEBT

Convertible Notes Payable —

The January 2024 Note —
On January 12, 2024, the Company entered into Subscription Agreements with an investor to issue a Convertible Promissory Note for an aggregate
principal amount of $125,000 (the “January 2024 Note”). The Company received a total of $125,000 in gross proceeds. The
January 2024 Note bears an interest rate of 12% per