Company: FTII
Filing Date: 2025-02-14
Form Type: S-4
Source: 0001493152-25-006997
Chunk: 620

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-02-14
Form: S-4
Chunk 620
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 |     | $                                |      0.01 |     | $    |     (0.00 | ) |     | $                               |      0.00 |     | $    |     (0.04 | ) |
| Diluted                                       |     | $                                |      0.01 |     | $    |     (0.00 | ) |     | $                               |      0.00 |     | $    |     (0.04 | ) |

| F-98 |

<div align='center'>CEREVAST MEDICAL, INC.

NOTES TO FINANCIAL STATEMENTS (UNAUDITED)</div>

For the three and nine months ended September 30, 2023 a total of 482,528 of exercisable stock options were excluded from the calculation of diluted net loss per common share as their effect on diluted net loss would have been anti-dilutive.

Note 7 – Commitments and Contingencies

Facility Lease

The Company has a facility lease pursuant to which it leases approximately 6,287 square feet of office and lab space in Bothell, Washington. The lease expires after January 2026 with an option to renew at then prevailing market rates for an additional 3 year period. Monthly rent includes both base rent (fixed rent) plus the Company’s prorated share of common building expenses (variable rent).

The Company’s facility lease is its only lease and is classified as an operating lease. Fixed and variable rent expense was recognized in the Company’s statement of operations for the periods presented as follows:

| Expense Category                 |     | 2024 | Three Months Ended September 30, |     | 2023 |        |     | 2024 | Nine Months Ended September 30, |     | 2023 |         |
|:---------------------------------|:----|:-----|---------------------------------:|:----|:-----|-------:|:----|:-----|--------------------------------:|:----|:-----|--------:|
| Research & Development Expense   |     | $    |                           44,852 |     | $    | 44,400 |     | $    |                         133,336 |     | $    | 129,507 |
| General & Administrative Expense |     |      |                           15,120 |     |      | 14,967 |     |      |                          44,948 |     |      |  43,657 |
| Total                            |