Company: LNAI
Filing Date: 2025-02-19
Form Type: 10-Q
Source: 0001731122-25-000258
Chunk: 74

Company: Lunai Bioworks Inc.
Filing Date: 2025-02-19
Form: 10-Q
Item: Part I, Item 8
Chunk 74
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-life intangible assets consisted of the following:

    Schedule of definite-life and indefinite-life intangible assets 

    Useful Life 
    June 30, 2024 
     Additions 
     Amortization 
     Impairment 
    Translation Adjustment 
    December 31, 2024
  
    Definite Life Intangible Assets 

    Patents 
    20 Years 
    $284,977  
    $—  
    $—  
    $—  
    $(9,588) 
    $275,389 
  
    Less Accumulated Amortization 
      
     (254,934) 
     —  
     (4,929) 
     —  
     2,327  
     (257,536)
  
    Net Definite-Life Intangible Assets 
      
    $30,043  
    $—  
    $(4,929) 
    $—  
    $(7,261) 
    $17,853 

    Goodwill 

    Goodwill 
      
     159,330,161  
     —  
     —  
     (47,614,729) 
     (3,716,159) 
     107,999,273 
  
    Total Goodwill 
      
    $159,330,161  
    $—  
    $—  
    $(47,614,729) 
    $(3,716,159) 
    $107,999,273 

    11

Expected future amortization expense is as follows:

    Schedule of expected future amortization expense 

    Years ended June 30, 

     2025  
    $4,463 
  
     2026  
     4,463 
  
     2027  
     4,463 
  
     2028  
     4,464 
  
     Total  
    $17,853 

NOTE 5 — DEBT

Convertible Notes Payable —

The January 2024 Note —
On January 12, 2024, the Company entered into Subscription Agreements with an investor to issue a Convertible Promissory Note for an aggregate
principal amount of $125,000 (the “January 2024 Note”). The Company received a total of $125,000 in gross