Company: APM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001213900-25-037669
Chunk: 225

Company: Aptorum Group Ltd
Filing Date: 2025-04-30
Form: 20-F
Item: Item 19
Chunk 225
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 notes                                                                                   -                                    3,000,000                           3,000,000  
  Payment of finance lease obligations                                                                                          -                                            -                            ( 49,358  
  Net cash provided by financing activities                                                                                     -                                    4,092,068                           6,625,462  
  Net decrease in cash and cash equivalents and restricted cash                                                                 ( 1,131,113                        ( 3,007,529                         ( 3,248,607  
  Cash and cash equivalents and restricted cash – Beginning of year                                                             2,005,351                            5,012,880                           8,261,487  
  Cash and cash equivalents and restricted cash – End of year                                                 $                 874,238          $                   2,005,351      $                    5,012,880  
  Supplemental disclosures of cash flow information                                                                                                                                                                 
  Interest paid                                                                                               $                 -                $                      94,108      $                       64,744  
  Income taxes paid                                                                                           $                 -                $                           -      $                            -  
  Non-cash operating, investing and financing activities                                                                                                                                                            
  Right-of-use assets obtained in exchange for new operating lease liabilities                                $                 -                $                     338,525      $                      549,596  
  Convertible notes converted to Class A Ordinary Shares                                                      $                 -                $                   6,000,000      $                            -  
  Settlement of deferred cash bonus by issuance of share options                                              $                 451,660          $                   3,078,196      $                            -  
  Reconciliation of cash and restricted cash                                                                                                                                                                        
  Cash and cash equivalents                                                                                   $                 874,238          $                   2,005,351      $                    1,882,545  
  Restricted cash                                                                                                               -                                            -                           3,130,335  
  Total cash and cash equivalents and restricted cash shown in the consolidated statements of cash flows      $                 874,238          $                   2,005,351      $                    5,012,880  

See accompanying notes to the consolidated financial
statements.

F-6

APTORUM GROUP LIMITED

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

1. ORGANIZATION

The consolidated financial statements include
the financial statements of Aptorum Group Limited (the “ Company”) and its subsidiaries. The Company and its subsidiaries are
hereinafter collectively referred to as the “ Group”.

The Company, formerly known as