Company: APM
Filing Date: 2025-10-06
Form Type: S-4
Source: 0001213900-25-096656
Chunk: 465

Company: Aptorum Group Ltd
Filing Date: 2025-10-06
Form: S-4
Chunk 465
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 | $ |            — |     | $ |      147,347 |

As of December 31, 2022, the Group has capitalized eight of the exclusive licenses, which includes seven patented technologies. Pursuant to the license agreements, the Group paid upfront payments and became the exclusive licensee to prosecute certain patents developed or licensed under the applicable agreements.

F-19

APTORUM GROUP LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Stated in U.S. Dollars) 8. INTANGIBLE ASSETS, NET (cont.) For the year ended December 31, 2023, the Group terminated two of the licenses. For the year ended December 31, 2024, the Group terminated four of the licenses. The Group is in the process of terminating another license. The Group considered that the carrying amount of these intangible assets are not recoverable and are fully impaired. As a result, the Group recorded $ 519,496impairment loss on intangible assets in research and development expenses for the year ended December 31, 2023. Besides, an impairment loss related to the computer software for Hong Kong healthcare services amounted to $ 128,128was recorded in research and development expenses, and $ 1,841was recorded in other operating expenses for the year ended December 31, 2024 and 2023, respectively. For the year ended December 31, 2022, a loss on disposal of $ 205,189related to a patented license was recognized in research and development expenses. Prepaid patented licenses and computer software are finite -livedintangible assets which are amortized over their estimated useful life. Amortization expenses for finite -livedintangible assets amounted to $ 19,219, $ 84,020and $ 114,553for the years ended December 31, 2024, 2023 and 2022, respectively. The Group does not expect any amortization expense related to its finite -livedintangible assets for the next five years and thereafter to be as follows as of December 31, 2024.

9. LONG-TERM DEPOSITS

Long-term deposits as of December 31, 2024 and 2023 consisted of:

|                 |     |   | December 31, 
         2024 |     |   | December 31, 
         2023 |
|:----------------|:----|:--|-------------:|:----|