Company: SHPH
Filing Date: 2025-01-15
Form Type: S-1
Source: 0001493152-25-002253
Chunk: 207

Company: Shuttle Pharmaceuticals Holdings, Inc.
Filing Date: 2025-01-15
Form: S-1
Chunk 207
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                                                 |        - |   |
| Exercised (settled)                |     |                                                 |        - |   |
| Loss on change in fair value       |     |                                                 |  421,768 |   |
| Reclassifications to stockholders’ 
 equity                             |     |                                                 | (756,723 | ) |
| Balance, December 31, 2022         |     |                                                 |        — |   |

| Balance, December 31, 2021 (as restated)  |     | Warrant Liability – August 2022 Warrants |       - |   |
|:------------------------------------------|:----|:-----------------------------------------|--------:|:--|
| Issued                                    |     |                                          | 146,624 |   |
| Exercised (settled)                       |     |                                          | (91,036 | ) |
| Loss on change in fair value              |     |                                          |   5,102 |   |
| Reclassifications to stockholders’ equity |     |                                          | (60,690 | ) |
| Balance, December 31, 2022                |     |                                          |       — |   |

| Balance, December 31, 2021 (as restated) |     | Warrant Liability – Boustead Placement Agent Warrants |       - |   |
|:-----------------------------------------|:----|:------------------------------------------------------|--------:|:--|
| Issued                                   |     |                                                       |  92,336 |   |
| Exercised (settled)                      |     |                                                       |       - |   |
| Gain on change in fair value             |     |                                                       | (28,196 | ) |
| Reclassification to stockholders’ equity |     |                                                       | (64,140 | ) |
| Balance, December 31, 2022               |     |                                                       |       — |   |

Refer to Note 7 for additional background on
the reclassification of warrant liabilities to equity. See Note 8 for additional disclosures related to the fair value of the Company’s
derivative liabilities.

| F-31 |

Leases

We determine if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use asset (“ROU”), operating lease liability - current, and operating lease liability - noncurrent on the consolidated balance sheets. Finance leases are included in property and equipment, other current liabilities, and other long-term liabilities in our consolidated balance sheets.