Company: CERO
Filing Date: 2025-02-07
Form Type: 424B3
Source: 0001213900-25-011071
Chunk: 418

Company: CERO THERAPEUTICS HOLDINGS, INC.
Filing Date: 2025-02-07
Form: 424B3
Chunk 418
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|:-----------------------------|:----|:--|--------:|:----|:--|--------:|
| Employee-related liabilities |     | $ |  68,697 |     | $ |  19,758 |
| Accrued legal expenses       |     |   |  46,466 |     |   |  18,040 |
| Accrued interest             |     |   |  27,637 |     |   |  12,014 |
| Accrued consulting expenses  |     |   |   1,833 |     |   |  50,582 |
|                              |     | $ | 144,633 |     | $ | 100,394 |

NOTE 6 – Leases

As of December 31, 2023 and 2022, the Company
holds one five-year lease for laboratory and office space. The lease has escalating contractual rent and variable rent components and
the Company elects to separate the contractual and variable elements for valuing the lease liability and right-to-use asset. The lease
does not have any options for extension or expansion of the lease. The Company recorded the following lease costs:

|                                                                        |     | For the year ended 
 December,          
 31                 |      2023 |   |     |   |      2022 |   |
|:-----------------------------------------------------------------------|:----|:-------------------|----------:|:--|:----|:--|----------:|:--|
| Operating leases:                                                      |     |                    |           |   |     |   |           |   |
| Operating lease cost                                                   |     | $                  |   930,913 |   |     | $ |   917,324 |   |
| Variable lease cost                                                    |     |                    |   637,016 |   |     |   |   545,220 |   |
| Total lease cost                                                       |     | $                  | 1,567,929 |   |     | $ | 1,462,544 |   |
| Cash paid for amounts included in the measurement of lease liabilities |     | $                  |   933,221 |   |     | $ |   906,040 |   |
| Right-of-use assets, net                                               |     |                    | 2,189,565 |   |     |   | 2,846,041 |   |
| Operating lease liabilities, current                                   |     |                    |