Company: APM
Filing Date: 2025-07-15
Form Type: DRS
Source: 0001213900-25-063906
Chunk: 457

Company: Aptorum Group Ltd
Filing Date: 2025-07-15
Form: DRS
Chunk 457
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 lease costs were $47,493 and $50,976 in the years ended May 31, 2024 and 2023, respectively NOTE 10 — COMMITMENTS AND CONTINGENCIES Legal The Company is not involved in any legal matters arising in the normal course of business. While incapable of estimation, in the opinion of the management, the individual regulatory and legal matters in which it might involve in the future are not expected to have a material adverse effect on the Company’s financial position, results of operations, or cash flows. NOTE 11 — STOCKHOLDERS’ EQUITY The Company was capitalized by its two founders with a cash contribution by one of its founders of $250,000 for 2,200,000shares of common stock and a non -cashcontribution by the other founder for 2,000,000shares of common stock. The non -cashcontribution consisted of all of the founders’ rights, title, and interest in any intellectual property, proprietary property or other property of a similar nature related to the business to be conducted by the Company involving methods of using small RNA from bodily fluids for diagnosis and monitoring of neurodegenerative diseases.

F-46

DIAMIR BIOSCIENCES CORP.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 11 — STOCKHOLDERS’ EQUITY (cont.) In the year ended May 31, 2023, the Company issued 101,806shares of common stock upon conversion of an outstanding convertible note amounting to $606,662. See Note 7. Founder Contributions In the year ended May 31, 2023, the Company sold 14,265shares of common stock to one of its founders for $100,000. In the years ended May 31, 2024 and 2023, its founders also made contributions to the Company in the form of below market interest rates on loans and in the form of uncompensated services. the Company recorded discounts on founder notes payable of $35,063 and $101,221 in the years ended May 31, 2024 and 2023, respectively, as additional paid -incapital. The Company expensed $0 and $18,348 in the years ended May 31, 2024 and 2023, respectively, for the estimated value of uncompensated services, and recorded the amounts as additional paid -incapital. Stock Option Plans The Company maintains stock option plans, under which shares are available for issuance