Company: LNAI
Filing Date: 2025-02-19
Form Type: 10-Q
Source: 0001731122-25-000258
Chunk: 33

Company: Lunai Bioworks Inc.
Filing Date: 2025-02-19
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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 The competitive analysis along with the monitoring of budgeted versus actual results are
used in assessing the performance of the segment.

    19

Information
regarding each reportable segment for the three months ended December 31, 2024, is as follows:

    Schedule of information regarding segment reporting 

    RENB 
    RENC 
    Total
  
    General and administrative 
    $3,580,953  
    $772,170  
    $4,353,123 
  
    Research and development 
     161,084  
     —  
     161,084 
  
    Goodwill impairment 
     —  
     —  
     — 
  
    Depreciation and amortization 
     30,529  
     1,580  
     32,109 

    Segment operating loss 
    $3,772,566  
    $773,750  
    $4,546,316 

Information
regarding each reportable segment for the six months ended December 31, 2024, is as follows:

    RENB 
    RENC 
    Total
  
    General and administrative 
    $8,129,401  
    $1,524,972  
    $9,654,373 
  
    Research and development 
     542,770  
     8,503  
     551,273 
  
    Goodwill impairment 
     —  
     47,614,729  
     47,614,729 
  
    Depreciation and amortization 
     61,131  
     3,363  
     64,494 

    Segment operating loss 
    $8,733,302  
    $49,151,567  
    $57,884,869 

Geographic information:

RENB and
RENC are managed on a worldwide basis but operate in offices located in the United Stated and the Netherlands, respectively. The geographic
information analyses the Company’s operations and assets based on the country in which each segment operates. In presenting this
geographic information, segment operating results have been based on the geographic location in which the services were provided to the
segment and segment assets were based on the geographic location of the assets.

NOTE 10 — ACQUISITION

On September
28, 2023, the Company, entered into a Stock Purchase Agreement