Company: APM
Filing Date: 2025-10-06
Form Type: S-4
Source: 0001213900-25-096656
Chunk: 298

Company: Aptorum Group Ltd
Filing Date: 2025-10-06
Form: S-4
Chunk 298
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,461 |   |     |              |     123,015 |   |
| Sundry income                                                            |     |              |        564 |   |     |              |      36,784 |   |
| Total other (expense) income, net                                        |     |              |   (217,196 | ) |     |              |   6,383,276 |   |
| Net loss                                                                 |     |              | (4,157,737 | ) |     |              |  (4,340,975 | ) |

Revenue Healthcare services income was $nil and $431,378 for the years ended December 31, 2024, and 2023, which related to the service income derived from clinic. The decline in healthcare services income was attributed to the strategic decision to suspend clinic services in the second quarter of 2023. This was done to reallocate resources towards the development of the Company’s leading projects.

160

Cost of healthcare services Cost of healthcare services was $nil and $420,812 for the years ended December 31, 2024, and 2023, which related to the cost incurred by clinic. The decline in cost of healthcare services was attributed to the strategic decision to suspend clinic services in the second quarter of 2023. Research and development expenses The following table sets forth a summary of our research and development expenses for the years ended December 31, 2024, and 2023. In the fourth quarter of fiscal 2024 we determined that searching for other business combination opportunities could maximize shareholder value, and R&D focused on non -leadproducts remain suspended.

|                                               |     |   |   Year Ended 
 December 31, 
         2024 |     |   |   Year Ended 
 December 31, 
         2023 |
|:----------------------------------------------|:----|:--|-------------:|:----|:--|-------------:|
| Research and Development Expenses:            |     |   |              |     |   |              |
| Contracted research organizations services    |     | $ |      166,972 |     | $ |    1,387,534 |
| Sponsored research                            |     |   |       39,972 |     |   |       17,149 |
| Amortization and depreciation                 |     |   |      251,567 |     |   |    1,071,455 |
| Consultation                                  |     |   |