Company: APM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001213900-25-037669
Chunk: 164

Company: Aptorum Group Ltd
Filing Date: 2025-04-30
Form: 20-F
Item: Item 4A
Chunk 164
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 and 2023. The decrease in net cash inflow from financing
activities is attributed to the absence of financing activities during the period, as the Company was solely focused on the previously
anticipated Merger.

Condensed Summary of Cash Flows for the
Years Ended December 31, 2023 and 2022

  Net cash used in operating activities                              $                 (7,724,364      $                 (12,318,965  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                                     Year Ended                        Year Ended                     
  Net cash provided by investing activities                                               624,767                          2,444,896  
  Net cash provided by financing activities                                             4,092,068                          6,625,462  
  Net decrease in cash and cash equivalents and restricted cash                        (3,007,529                         (3,248,607  

Operating activities

Net cash used in operating
activities amounted to $7.7 million and $12.3 million for the years ended December 31, 2023, and 2022. The net cash used in operating
activities declined due to the implementation of stringent budgetary control measures, as a result of the Company’s exclusive emphasis
on its lead projects.

Investing activities

Net cash provided by investing
activities amounted to $0.6 million and $2.4 million for the years ended December 31, 2023 and 2022. The decrease in net cash provided
by investing activities was due to the decrease in net cash repayment from loan to related parties by $2.1 million, which was partially
mitigated by a $0.2 million decrease in capital expenditures.

Financing activities

Net cash provided by financing activities amounted to $4.1 million
and $6.6 million for the year ended December 31, 2023 and 2022. The decrease in net cash inflow from financing activities was primarily
a result of the repayment of a bank loan in the amount of $3.0 million and decrease in loan from bank of $3.0 million, partially mitigated
by a $2.0 million increase in loan from a related party, and a $1.6 million increase in proceeds from issuance of Class A Ordinary Shares.

CAPITAL EXPENDITURES

Our capital expenditures were
$nil, $3,000 and $0.2 million for the years ended December 31, 2024, 202