Company: FTII
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001493152-25-004006
Chunk: 151

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 8
Chunk 151
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30, 2024, cash used in operating activities was $834,803. The net loss of $38,005 was affected by interest
earned on investments held in the trust account of $1,107,012, and changes in operating assets and liabilities provided $310,214 of cash
for operating activities.

For
the nine months ended September 30, 2023, cash used in operating activities was $966,279. The net income of $2,304,899 was affected by
interest earned on investments held in the trust account of $3,989,390, and changes in operating assets and liabilities provided $718,212
of cash for operating activities.

For
the nine months ended September 30, 2024, cash provided by investing activities was $36,138,640 due to cash withdrawn from the Trust
Account of $36,663,640 and cash that was in transit to the Trust Account as of December 31, 2023, partially offset by cash deposited
into the Trust Account of $650,000 and $125,000 cash in transit to the trust.

For
the nine months ended September 30, 2023, cash provided by investing activities was $62,196,521 due to cash deposited into the Trust
Account of $2,550,000 and cash withdrawn from the Trust Account of $64,746,521.

For
the nine months ended September 30, 2024, cash provided by financing activities was $35,319,532 due to $36,281,990 in cash paid for redemptions,
partially offset by $437,458 in capital contributions from the Sponsor and proceeds from issuance of debt – related party of $525,000.

For
the nine months ended September 30, 2023, cash provided by financing activities was $61,487,502 due to cash paid for redemptions of $64,238,887,
proceeds from issuance of debt of $3,316,485 and $565,100 cash advanced to the Sponsor.

Off-Balance
Sheet Financing Arrangements

We
have no obligations, assets or liabilities, which would be considered off-balance sheet arrangements as of September 30, 2024. We do
not participate in transactions that create relationships with unconsolidated entities or financial partnerships, often referred to as
variable interest entities, which would have been established for the purpose of facilitating off-balance sheet arrangements. We have
not