Company: APM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001213900-25-037669
Chunk: 255

Company: Aptorum Group Ltd
Filing Date: 2025-04-30
Form: 20-F
Item: Item 19
Chunk 255
---
                                                                                     -                                -          
  Total lease cost                                                                  $                 53,894         $                 317,566    
  Other information                                                                                                                               
  Cash paid for amounts included in the measurement of lease liabilities                                                                          
  Operating cash flows from operating leases                                        $                 120,824        $                 389,365    
  Financing cash flows from finance leases                                                            -                                -          
  Right-of-use assets obtained in exchange for new operating lease liabilities                        -                                338,525    
  Weighted-average remaining lease term – finance leases                                              -                                -          
  Weighted-average remaining lease term – operating leases                                            1.2 years                        1.9 years  
  Weighted-average discount rate – finance leases                                                     -                                -          
  Weighted-average discount rate – operating leases                                                   8.0                              8.0        

For the year ended December 31, 2024, an impairment
loss of $144,051on right-of-use assets was recognized in other operating expenses as the Group considered that the carrying amount of
a right-of-use asset related to a lease of laboratory may not be recoverable.

For the year ended December 31, 2023, an impairment
loss of $200,916on right-of-use assets was recognized in other operating expenses as the Group considered that the carrying amount of
a right-of-use asset related to a lease of clinic may not be recoverable. Additionally, the Group early terminated a lease agreement for
a right-of-use asset relating to an office, which resulted in a recognized loss on early termination of the right-of-use asset totaling
$31,030in other operating expenses.

For the years ended December 31, 2022, the Group
did not recognize any impairment losses and loss on disposal of right-of-use assets.

F-27

APTORUM GROUP LIMITED

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Stated in U. S. Dollars)

The maturity analysis of operating leases liabilities
as of December 31, 2024 is as follows:

  Remaining periods ending December 31,                                                  
 ─────────────────────────────────────────────────────────────────────────────────────────
                                                            December 31,                 
  2025                                                      $                    97,541  
  2026                                                                           24,573  
  Total future undiscounted cash flow                                           122,114  
  Less: Discount on operating lease liabilities                                 ( 5,707  
  Present value of operating lease liabilities                                  116