Company: APM
Filing Date: 2025-07-15
Form Type: DRS
Source: 0001213900-25-063899
Chunk: 186

Company: Aptorum Group Ltd
Filing Date: 2025-07-15
Form: DRS
Chunk 186
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 activities

Net cash used in operating
activities amounted to $1.2 million and $7.7 million for the years ended December 31, 2024, and 2023. The net cash used in operating activities
declined due to the implementation of stringent budgetary control measures, as a result of the Company’s exclusive emphasis on the
previously anticipated Merger.

Investing activities

Net cash used in investing
activities amounted to $0.1 million and $0.6 million for the years ended December 31, 2024, and 2023. The decrease in net cash provided
by investing activities was due to the decrease in cash received from related parties for loan repayment by $0.6 million.

Financing activities

Net cash provided by financing
activities amounted to $nil and $4.1 million for the year ended December 31, 2024, and 2023. The decrease in net cash inflow from financing
activities is attributed to the absence of financing activities during the period, as the Company was solely focused on the previously
anticipated Merger.

Condensed Summary of Cash Flows for the Years Ended December 31, 2023 and 2022

|                                                               |     |   |   Year Ended 
 December 31, 
         2023 |   |     |   |   Year Ended 
 December 31, 
         2022 |   |
|:--------------------------------------------------------------|:----|:--|-------------:|:--|:----|:--|-------------:|:--|
| Net cash used in operating activities                         |     | $ |   (7,724,364 | ) |     | $ |  (12,318,965 | ) |
| Net cash provided by investing activities                     |     |   |      624,767 |   |     |   |    2,444,896 |   |
| Net cash provided by financing activities                     |     |   |    4,092,068 |   |     |   |    6,625,462 |   |
| Net decrease in cash and cash equivalents and restricted cash |     |   |   (3,007,529 | ) |     |   |   (3,248,607 | ) |

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Operating activities

Net cash used in operating
activities amounted to $7.7 million and $12.3 million for the years ended December 31, 2023