Company: FTII
Filing Date: 2025-02-14
Form Type: S-4
Source: 0001493152-25-006997
Chunk: 429

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-02-14
Form: S-4
Chunk 429
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 of the date of the financial statements and the reported amounts of expenses during a reporting period. Actual results could differ from estimates.

While our significant accounting policies are described in more detail in Note 2 to our annual audited financial statements, we believe the following accounting policies are those most critical to the judgements and estimates used in preparation of our financial statements.

Research and Development Expenses

Research and development costs are expensed as incurred and include all direct and indirect costs associated with the development of our product candidates. These expenses include payments to third parties for research, development and manufacturing services, personnel costs and depreciation on laboratory equipment. At the end of the reporting period, we compare payments made to third party service providers to the estimated progress toward completion of the research or development objectives. Such estimates are subject to change as additional information becomes available. Depending on the timing of payments to service providers and the progress that we estimate have been made as a result of the service provided, we may record net prepaid or accrued expense relating to these costs.

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Results of Operations

Comparison of the nine months ended September 30, 2024 and 2023

The following table presents our statements of operations for the periods indicated:

| Operating          
 expenses:          |     | Nine                       
 Months Ended September 30, 
 2024                       |         |   |     | 2023 |         |   |     | %      
 Change |       |    |
|:-------------------|:----|:---------------------------|--------:|:--|:----|:-----|--------:|:--|:----|:-------|:------|:---|
| Research           
 and development    |     | $                          |  16,331 |   |     | $    |  20,214 |   |     |        | (19.2 | )% |
| General            
 and administrative |     |                            |   7,429 |   |     |      |   9,052 |   |     |        | (17.9 | )% |
| Total              
 operating expenses |     |                            |  23,760 |   |     |      |  29,266 |   |     |        |       |    |
| Loss               
 from operations    |     |                            | (23,760 | ) |     | $    | (29,266 | ) |     |        |       |    |
| Total              
 other expense      |     |                            |   1,870