Company: FTII
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001493152-25-004006
Chunk: 155

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 8
Chunk 155
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emable 
  
    Basic and diluted net income (loss) per share of common stock Numerator: Interest 
    $1,107,012  
    $-  
    $3,989,390  
    $- 
  
    Less: Allocation of expenses 
     (513,195) 
     (631,822) 
     (1,263,723) 
     (420,768)
  
    Less: Accretion of carrying value to redemption value 
     (649,442) 
     -  
     -  

    Total 
    $(55,625) 
    $(631,822) 
    $2,725,667  
    $(420,768)
  
    Basic and diluted net income (loss) per share of common stock 
    $(0.02) 
    $(0.18) 
    $0.26  
    $(0.12)

9

Recent
Accounting Standards

Management
does not believe that any recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material
effect on our unaudited condensed financial statements.

Item
3. Quantitative and Qualitative Disclosures About Market Risk

Not
required for smaller reporting companies.

Item
4. Controls and Procedures

Evaluation
of Disclosure Controls and Procedures

Disclosure
controls are procedures that are designed with the objective of ensuring that information required to be disclosed in our reports filed
under the Exchange Act, such as this Report, is recorded, processed, summarized and reported within the time period specified in the
SEC’s rules and forms. Disclosure controls are also designed with the objective of ensuring that such information is accumulated
and communicated to our management, including our Chief Executive Officer (“CEO”) and Chief Financial Officer (“CFO”),
as appropriate, to allow timely decisions regarding required disclosure.

Our
management evaluated, with the participation of our current CEO and CFO (our “Certifying Officers”), the effectiveness of
our disclosure controls and procedures as of September 30, 2024 pursuant to Rule 13a-15€ under the Exchange Act. Based on such evaluation,
our Certifying Officers concluded that, as of September 30, 2024, our disclosure controls and procedures were not effective.

We
do not expect that our disclosure controls and procedures will prevent all errors and all instances of fraud. Disclosure controls and
procedures, no matter how well conceived and operated, can provide only