Company: FTII
Filing Date: 2025-04-09
Form Type: 10-K
Source: 0001641172-25-003384
Chunk: 186

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-04-09
Form: 10-K
Item: Item 10
Chunk 186
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312)
  
    Due from Sponsor 
     361,843 
  
    Ending Balance as of December 31, 2024 
    $9,080,744 

Warrant
Instruments 

The
Company accounts for the Public Warrants and the Private Placement Warrants issued in connection with the Initial Public Offering and
the Private Placement in accordance with the guidance contained in FASB ASC 815, “Derivatives and Hedging”. Under ASC 815-40
the Public Warrants and the Private Placement Warrants meet the criteria for equity treatment and as such will be recorded in stockholders’
deficit. If the warrants no longer meet the criteria for equity treatment, they will be recorded as a liability and remeasured each period
with changes recorded in the statements of operations.

Net
Income (Loss) Per Share

Net
income (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding
during the period. The Company applies the two-class method in calculating earnings per share. Earnings and losses are shared pro rata
between the two classes of shares. The calculation of diluted income (loss) per share of common stock does not 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.

    F-13

Note
2 - Summary of Significant Accounting Policies (Continued)

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

 Schedule of Basic and Diluted Net Income (Loss) Per Common Share

    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,