Company: CERO
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001213900-25-004742
Chunk: 376

Company: CERO THERAPEUTICS HOLDINGS, INC.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 376
---
 would be anti-dilutive.

|                                |     | Year ended December 31, |       2023 |     |     |       2022 |
|:-------------------------------|:----|:------------------------|-----------:|:----|:----|-----------:|
| Common stock options           |     |                         |    782,499 |     |     |  1,138,110 |
| Convertible preferred stock    |     |                         | 27,920,467 |     |     | 27,920,467 |
| Convertible preferred warrants |     |                         |  1,849,638 |     |     |  1,849,638 |
|                                |     |                         | 30,552,604 |     |     | 30,908,215 |

Restricted common stock can be issued to directors,
executives or employees of the Company and are subject to time-based vesting. These potential shares are excluded from the computation
of basic loss per share as these shares are not considered outstanding until vested. No unvested restricted common stock awards were outstanding
at December 31, 2023 or 2022.

F-59 CERo Therapeutics, Inc. Notes to Financial Statements

NOTE 4 – PROPERTY AND EQUIPMENT

|                                |     |   |       2023 |   |     |   |       2022 |   |
|:-------------------------------|:----|:--|-----------:|:--|:----|:--|-----------:|:--|
| Laboratory equipment           |     | $ |  2,507,839 |   |     | $ |  2,507,839 |   |
| Computers                      |     |   |     38,323 |   |     |   |     38,323 |   |
| Furniture                      |     |   |      8,429 |   |     |   |      8,429 |   |
| Less: Accumulated depreciation |     |   | (1,587,889 | ) |     |   | (1,127,167 | ) |
|                                |     | $ |    966,702 |   |     | $ |  1,427,424 |   |

Depreciation expense was $ and $ for the years ended
December 31, 2023 and 2022, respectively.

NOTE 5 – ACCRUED LIABILITIES

|