Company: LNAI
Filing Date: 2025-02-19
Form Type: 10-Q
Source: 0001731122-25-000258
Chunk: 1

Company: Lunai Bioworks Inc.
Filing Date: 2025-02-19
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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    LIABILITIES 

    CURRENT LIABILITIES: 

    Accounts payable – trade 
    $10,934,555  
    $9,448,683 
  
    Accrued expenses 
     5,512,004  
     5,311,324 
  
    Other current liabilities 
     817,908  
     295,361 
  
    Contingent consideration liability 
     5,650,000  
     12,310,000 
  
    Convertible notes payable 
     245,000  
     245,000 
  
    Current portion of operating lease liabilities 
     562,287  
     493,553 
  
    Notes payable – related parties, net 
     4,885,000  
     2,205,996 
  
    Total Current Liabilities 
     28,606,754  
     30,309,917 

    NON-CURRENT LIABILITIES: 

    Operating lease liabilities, net of current portion 
     674,200  
     842,389 
  
     Total Non-Current Liabilities 
     674,200  
     842,389 
  
    Total Liabilities 
     29,280,954  
     31,152,306 

     Commitments and Contingencies (Note 7) 

    STOCKHOLDERS’ EQUITY: 

    Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding 
     —  
     — 
  
    Common Stock, par value $0.0001, 350,000,000 shares authorized, 162,142,907 shares issued and outstanding at December 31, 2024, and 158,452,644 shares issued and outstanding at June 30, 2024 
     16,216  
     15,847 
  
    Additional paid-in capital 
     469,810,215  
     464,587,224 
  
    Accumulated deficit 
     (383,919,510) 
     (332,455,081)
  
    Accumulated other comprehensive income (loss) 
     (3,847,603) 
     (170,846)
  
    Total Stockholders’ Equity 
     82,059,318