Company: LNAI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001731122-25-000765
Chunk: 38

Company: Lunai Bioworks Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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 and development 
     (94,073) 
     —  
     (94,073)
  
    Goodwill impairment 
     —  
     —  
     — 
  
    Depreciation and amortization 
     30,497  
     1,478  
     31,975 

    Segment operating loss 
    $3,497,066  
    $665,426  
    $4,162,492 

Information
regarding each reportable segment for the nine months ended March 31, 2025, is as follows:

    RENB 
    RENC 
    Total
  
    General and administrative 
    $11,690,043  
    $2,188,920  
    $13,878,963 
  
    Research and development 
     448,697  
     8,503  
     457,200 
  
    Goodwill impairment 
     —  
     47,614,729  
     47,614,729 
  
    Depreciation and amortization 
     91,628  
     4,841  
     96,469 

    Segment operating loss 
    $12,230,368  
    $49,816,993  
    $62,047,361 

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 (the “Purchase Agreement”) with GEDi Cube Intl Ltd.,
a private company formed under the laws of England and Wales (“GEDi Cube”) to acquire 100% of the equity interests
of GEDi Cube from its equity holders (the “Sellers”). On September 28, 2023, the Board of Directors of the Company,
and the board of managers of GEDi Cube unanimously approved the Purchase Agreement and on January 25, 2024, the shareholders of the Company
approved