Company: LNAI
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001731122-25-001316
Chunk: 772

Company: Lunai Bioworks Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 7
Chunk 772
---
 of accumulated amortization, consisted
of patents on the Company’s products and processes of $30,043. The patents are recorded at cost and amortized over twenty years
from the date of application. Amortization expense for the years ended June 30, 2025 and 2024 was $9,902 and $8,296, respectively.

At June 30, 2025 and 2024, indefinite
life intangible assets consisted of a license agreement classified as In-Process Research and Development (“IPR&D”) intangible
assets, which are not amortizable until the intangible assets provide economic benefit, and goodwill.

    F-15

At June 30, 2025 and 2024, definite-life
and indefinite-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 
    June 30, 2025
  
    Definite Life Intangible Assets 

    Software platform 
    5 Years 
    $—  
    $143,000  
    $—  
    $—  
    $—  
    $143,000 
  
    Trademark 
    2 Years 
    $—  
    $8,000  
    $—  
    $—  
    $—  
    $8,000 
  
    Patents 
    20 Years 
    $284,977  
    $—  
    $—  
    $—  
    $28,033  
    $313,010 
  
    Less Accumulated Amortization 
      
     (254,934) 
     —  
     (9,902) 
     —  
     (33,180) 
     (298,016)
  
    Net Definite-Life Intangible Assets 
      
    $30,043  
    $151,000  
    $(9,902) 
    $—  
    $(5,147) 
    $165,994 

    Goodwill 

    Goodwill 
      
     159,330,161  
     5,963,000  
     —  
     (170,419,429)