Company: APM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001213900-25-037669
Chunk: 241

Company: Aptorum Group Ltd
Filing Date: 2025-04-30
Form: 20-F
Item: Item 19
Chunk 241
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825 - Financial Instruments (“ ASC 825”), the Group
elected to apply the fair value option for its investments in Libra and will remeasure its investments in Libra at fair value every reporting
period. For the year ended December 31, 2023, the Group has determined that the carrying value of the investment is not recoverable and
this condition is determined to be other-than-temporary. Consequently, an impairment for the investment of niland $77,200has been recognized
as of December 31, 2024 and 2023.

F-17

APTORUM GROUP LIMITED

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Stated in U. S. Dollars)

6. OTHER RECEIVABLES AND PREPAYMENTS

Other receivables and prepayments as of December 31, 2024 and 2023
consisted of:

                                                 December 31,                  December 31,               
  Prepaid research and development expenses      $                      -      $                 185,633  
  Prepaid insurance                                                17,794                         33,815  
  Prepaid service fee                                              50,538                         46,303  
  Rental deposits                                                   4,206                        102,109  
  Prepaid rental expenses                                               -                         15,683  
  Other receivables                                                 4,545                         22,275  
  Other deposits                                                    8,233                         16,253  
                                                 $                 85,316      $                 422,071  

For the year ended December 31, 2024 and 2023, the Group considered
certain other receivables and prepayments were not recoverable and recorded write-off of other receivables and prepayments of $45,677and $62,369, respectively

7. PROPERTY AND EQUIPMENT, NET

Property and equipment as of December 31, 2024 and 2023 consisted of:

                                                            December 31,                     December 31,                 
  Computer equipment                                        $                    69,291      $                    81,138  
  Furniture, fixture, and office and medical equipment                           32,435                          150,292  
  Leasehold improvements                                                        108,187                          543,975  
  Laboratory equipment                                                        4,335,722                        4,336,764  
  Motor vehicle                                                                 239,093                          239,093  
                                                                              4,784,728                        5,