Company: APM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001213900-25-037669
Chunk: 163

Company: Aptorum Group Ltd
Filing Date: 2025-04-30
Form: 20-F
Item: Item 4A
Chunk 163
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 of these
consolidated financial statements are issued, the Group may have to consider supplementing its available sources of funds through the
following sources:

  other available sources of financing from banks and other  

  equity financing.  

The Company can make no assurances that required financings
will be available for the amounts needed, or on terms commercially acceptable to the Company, if at all. If one or all of these events
does not occur or subsequent capital raises are insufficient to bridge financial and liquidity shortfall, there would likely be a material
adverse effect on the Company and would materially adversely affect its ability to continue as a going concern.

The accompanying consolidated financial statements
do not include any adjustments that might result from the outcome of this uncertainty. Accordingly, the consolidated financial statements
have been prepared on a basis that assumes the Group will continue as a going concern and which contemplates the realization of assets
and satisfaction of liabilities and commitments in the ordinary course of business.

Condensed Summary of Cash Flows for the
Years Ended December 31, 2024, and 2023

  Net cash used in operating activities          $                 (1,189,734      $                 (7,724,364  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                 Year Ended                        Year Ended                    
  Net cash provided by investing activities                        58,621                               624,767  
  Net cash provided by financing activities                        -                                  4,092,068  
  Net decrease in cash and cash equivalents                        (1,131,113                        (3,007,529  

Operating 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,