Company: APM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001213900-25-037669
Chunk: 237

Company: Aptorum Group Ltd
Filing Date: 2025-04-30
Form: 20-F
Item: Item 19
Chunk 237
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 operating costs and expenses in the consolidated statements
of operations, and the difference between net revenue less the significant segment expenses and consolidated net income are the
other segment items. The CODM reviews and utilizes these financial metrics together with non-financial metrics to make operation
decisions, such as the determination of the fee rate at which the Company charges for its services and the allocation of budget
between operating costs and expense.

The Group’s long-lived assets are substantially
all located in Hong Kong and substantially all of the Group’s revenues are derived from within Hong Kong. Therefore, no geographical
segments are presented.

Concentration of credit risk

Financial assets which potentially subject the
Group to concentrations of credit risk consist principally of bank deposits and balances.

The Group takes on exposure to credit risk on
cash balances majority held with HSBC for the purposes of payments of Group expenses. The risk of default is considered minimal as the
Group considers HSBC is well established with high credit rating.

Recently adopted accounting pronouncements

In November 2023, the FASB issued ASU No. 2023-07, “ Segment Reporting
(Topic 280): Improvements to Reportable Segment Disclosures”, which amends and enhances the disclosure requirements for reportable
segments. All disclosure requirements under this standard will also be required for public entities with a single reportable segment.
This new standard became effective for fiscal years beginning after December 15, 2023 and for interim periods within fiscal years beginning
after December 15, 2024. The Group adopted this standard in the year ended December 31, 2024, which did not have a material impact on
the consolidated financial statements and related disclosures.

Recently issued accounting standards which have not yet been adopted

In December 2023, the FASB issued Accounting
Standards Update (ASU) 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which enhances the transparency and
decision usefulness of income tax disclosures. The amendments address more transparency about income tax information through improvements
to income tax disclosures primarily related to the rate reconciliation and income taxes paid information. The ASU also includes certain
other amendments to improve the effectiveness of income tax disclosures. The amendments in this ASU are effective for public business
entities for annual periods beginning after December 15, 2024 on a prospective basis. Early adoption is permitted. The Group is still
evaluating the effect of the adoption of this guidance.

ASU No.