Company: APM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001213900-25-037669
Chunk: 242

Company: Aptorum Group Ltd
Filing Date: 2025-04-30
Form: 20-F
Item: Item 19
Chunk 242
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351,262  
  Less: accumulated depreciation and impairment                               4,784,728                        3,687,336  
  Property and equipment, net                               $                         -      $                 1,663,926  

Depreciation expenses for property, plant and
equipment amounted to $235,827, $1,041,234and $1,092,957for the years ended December 31, 2024, 2023 and 2022, respectively.

For the year ended December 31, 2024, an impairment
loss relating to laboratory equipment, computer equipment, and furniture, fixture, and office equipment amounted to $1,421,782and $5,520were recorded in research and development expenses and other operating expenses, respectively, as the Group considered that the carrying
amount of these property and equipment may not be recoverable. For the year ended December 31, 2023, an impairment loss relating to the
office and medical equipment, and computer equipment related to the Hong Kong healthcare services amounted to $28,128, was recorded in
other operating expenses, as the Group considered that, with the termination of the healthcare services, the carrying amount of these
property and equipment are not recoverable and are fully impaired. For the years ended December 31, 2022, no impairment loss was recorded.

For the year ended December 31, 2024, the Group
recorded $58,621gain on disposal of medical equipment in other operation expenses. For the year ended December 31, 2023, the Group recorded
$79,822of loss on disposal of laboratory equipment, and furniture, fixture, and office and medical equipment in other operating expenses.
For the year ended December 31, 2022, no gain or loss on disposal was recorded.

F-18

APTORUM GROUP LIMITED

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Stated in U. S. Dollars)

8. INTANGIBLE ASSETS, NET

                                                     December 31,                   December 31,               
  Gross carrying amount                                                                                        
  Prepaid patented licenses                          $                 200,000      $                 728,205  
  Computer software                                                    223,858                        223,858  
                                                                       423,858                        952,063  
  Less: accumulated amortization and impairment                                                                
  Prepaid patented licenses                                            200,000                        728,205  
  Computer software                                                    223,858