Company: LNAI
Filing Date: 2025-02-19
Form Type: 10-Q/A
Source: 0001731122-25-000250
Chunk: 17

Company: Lunai Bioworks Inc.
Filing Date: 2025-02-19
Form: 10-Q/A
Chunk 17
---
4                             |     | $           |  (17,024,414 | ) |     | $      | (34,190,000 | ) |     | $           |  (51,214,414 | ) |
| Net loss for the nine months ended March 31, 2024                              |     | $           |  (30,728,563 | ) |     | $      | (34,190,000 | ) |     | $           |  (64,918,563 | ) |
| Comprehensive loss for the three months ended March 31, 2024                   |     | $           |  (15,963,213 | ) |     | $      | (34,190,000 | ) |     | $           |  (50,153,213 | ) |
| Comprehensive loss for the nine months ended March 31, 2024                    |     | $           |  (29,664,711 | ) |     | $      | (34,190,000 | ) |     | $           |  (63,854,711 | ) |
| Basic and diluted net loss per share for the three months ended March 31, 2024 |     | $           |        (0.16 | ) |     | $      |       (0.32 | ) |     | $           |        (0.48 | ) |
| Basic and diluted net loss per share for the nine months ended March 31, 2024  |     | $           |        (0.39 | ) |     | $      |       (0.43 | ) |     | $           |        (0.82 | ) |

Additionally, during the preparation
of the Company’s Form 10-Q for the period ended December 31, 2024, the Company determined that certain warrants which were exercised
during the three months ended March 31, 2024, had not been appropriately reflected as a component of the change in fair value of the contingent
consideration during the three and nine months ended March 31, 2024. The number of shares underlying these warrants was 3,425,399 which had
a fair value of $7,775,656 on the date of exercise.

The impact of the restatement on
these financial statements by line item is as follows:

| Schedule                                                                 
 of  restatement of previously issued financial statements                |     | As Reported |              |   |     |