Company: FTII
Filing Date: 2025-04-09
Form Type: 10-K
Source: 0001641172-25-003384
Chunk: 663

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-04-09
Form: 10-K
Item: Item 1B
Chunk 663
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 balance sheets are
reconciled in the following table.

    Ending Balance as of December 31, 2022 
    $118,466,326 
  
    Redemption of Class A common stock 
     (64,238,888)
  
    Remeasurement of carrying value to redemption value 
     6,552,136 
  
    Due from Sponsor 
     447,229 
  
    Ending Balance as of December 31, 2023 
     61,226,803 
  
    Redemption of Class A common stock 
     (36,281,990)
  
    Remeasurement of carrying value to redemption value 
     1,518,400 
  
    Redemption amount payable 
     (17,744,312)
  
    Due from Sponsor 
     361,843 
  
    Ending Balance as of December 31, 2024 
    $9,080,744 

Net
Income (Loss) Per Share

Net
income (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding
during the period. The Company applies the two-class method in calculating earnings per share. Earnings and losses are shared pro rata
between the two classes of shares. The calculation of diluted loss per share of common stock does not consider the effect of the warrants
issued in connection with the (i) Initial Public Offering and (ii) sale of the Private Placement Units, because the warrants are contingently
exercisable, and the contingencies have not yet been met. As a result, diluted income (loss) per share is the same as basic income (loss)
per share for the periods presented.

The
following table reflects the calculation of basic and diluted net income (loss) per share (in dollars, except per share amounts):

    Year Ended  
    Year Ended 

    December
    31, 2024  
    December
    31, 2023 

    Redeemable  
    Non-redeemable  
    Redeemable  
    Non-redeemable 
  
    Basic and diluted net income (loss)
    per share of common stock Numerator: Interest 
    $1,342,491  
    $-  
    $4,953,545  
    $- 
  
    Less: Allocation of expenses 
     (876,517) 
     (1,212