Company: FTII
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001493152-25-004006
Chunk: 114

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 8
Chunk 114
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 of operations and/or ability to consummate a Business Combination
are not yet determinable. The unaudited condensed financial statements do not include any adjustments that might result from the outcome
of this uncertainty.

Note
2 - Summary of Significant Accounting Policies

Basis
of Presentation

The
accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted
in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Form
10-Q and Article 8 of Regulation S-X of the SEC). Certain information or footnote disclosures normally included in financial statements
prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial
reporting. Accordingly, they do not include all the information and footnotes necessary for a complete presentation of financial position,
results of operations, or cash flows.

In
the opinion of the Company’s management, the unaudited condensed financial statements as of September 30, 2024 and for the three
and nine months ended September 30, 2024 and 2023 include all adjustments, which are only of a normal and recurring nature, necessary
for a fair statement of the financial position of the Company as of September 30, 2024 and its results of operations and cash flows for
the three and nine months ended September 30, 2024 and 2023. The results of operations for the three and nine months ended September
30, 2024 are not necessarily indicative of the results to be expected for the full fiscal year ending December 31, 2024 or any future
interim period.

    F-8

Note
2 - Summary of Significant Accounting Policies (Continued)

Emerging
Growth Company

The
Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our
Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements
that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required
to comply with the independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced
disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements
of holding a nonbinding advisory vote on executive compensation and stock