Company: LNAI
Filing Date: 2025-02-19
Form Type: 10-Q/A
Source: 0001731122-25-000250
Chunk: 5

Company: Lunai Bioworks Inc.
Filing Date: 2025-02-19
Form: 10-Q/A
Chunk 5
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 required by generally accepted
accounting principles for complete financial statements.

In the opinion of management,
the restated financial statements contain all material adjustments, consisting only of normal recurring adjustments necessary to present
fairly the financial condition, results of operations, and cash flows of the Company for the interim periods presented.

The results for the period ended
March 31, 2024, are not necessarily indicative of the results of operations for the full year. These restated financial statements and
related footnotes should be read in conjunction with the financial statements and footnotes thereto included in the Company’s Form
10-K for the fiscal year ended June 30, 2023, filed with the Securities and Exchange Commission on October 2, 2023.

<div align='center'>1

RENOVARO INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS</div>

| ASSETS                                                                                                                                                                                     
 CURRENT ASSETS:                                                                                                                                                                            |     | March 31,   
 2024        
 (Unaudited) | (As restated) |   |     | June 30, 
 2023     |              |   |
|:-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:------------|--------------:|:--|:----|:---------|-------------:|:--|
| Cash                                                                                                                                                                                       |     | $           |       312,697 |   |     | $        |    1,874,480 |   |
| Prepaids and other assets                                                                                                                                                                  |     |             |       907,218 |   |     |          |      690,925 |   |
| Total Current Assets                                                                                                                                                                       |     |             |     1,219,915 |   |     |          |    2,565,405 |   |
| Property and equipment, net                                                                                                                                                                |     |             |       488,915 |   |     |          |      508,989 |   |
| OTHER ASSETS:                                                                                                                                                                              |     |             |               |   |     |          |              |   |
| Definite life intangible assets, net                                                                                                                                                       |     |             |        31,042 |   |     |          |       39,676 |   |
| Indefinite life intangible assets                                                                                                                                                          |     |             |    10,755,255 |   |     |          |   42,611,000 |   |
| Goodwill                                                                                                                                                                                   |     |