Company: FTII
Filing Date: 2025-04-09
Form Type: 10-K
Source: 0001641172-25-003384
Chunk: 862

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-04-09
Form: 10-K
Item: Item 2
Chunk 862
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 consider the effect of the warrants
issued in connection with the (i) Initial Public Offering and (ii) sale of the Private Placement Units, because the warrants are contingently
exercisable, and the contingencies have not yet been met. As a result, diluted income (loss) per share is the same as basic income (loss)
per share for the periods presented.

The
following table reflects the calculation of basic and diluted net income (loss) per share (in dollars, except per share amounts):

    Year Ended  
    Year Ended 

    December
    31, 2024  
    December
    31, 2023 

    Redeemable  
    Non-redeemable  
    Redeemable  
    Non-redeemable 
  
    Basic and diluted net income (loss)
    per share of common stock Numerator: Interest 
    $1,342,491  
    $-  
    $4,953,545  
    $- 
  
    Less: Allocation of expenses 
     (876,517) 
     (1,212,927) 
     (1,481,866) 
     (560,177)
  
    Less: Accretion of carrying value to redemption value 
     -  
     -  
     (1,500,215) 

    Total 
    $465,974  
    $(1,212,927) 
    $(1,971,465) 
    $(560,177)
  
    Basic and diluted net income (loss) per share
    of common stock 
    $0.18  
    $(0.35) 
    $0.21  
    $(0.16)

Recent
Accounting Standards

In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic
280): Improvements to Reportable Segment Disclosures, which requires public entities to disclose significant segment expenses and other
segment items on an interim and annual basis and provide in interim periods all disclosures about a reportable segment’s profit
or loss and assets that are currently required annually. The ASU does not change how a public entity identifies its operating segments,
aggregate them, or applies the quantitative threshold to determine its reportable segments. The new disclosure requirements are also applicable
to entities that account and report as a single operating segment entity. ASU 2023