Company: FTII
Filing Date: 2025-01-21
Form Type: 10-Q/A
Source: 0001493152-25-003104
Chunk: 12

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-01-21
Form: 10-Q/A
Chunk 12
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547,377 | ) |     | $           | (7,375,020 | ) |
| Total Stockholder’s Equity                                    |     | $                      | (3,827,291 | ) |     | $           | (3,547,377 | ) |     | $           | (7,374,668 | ) |
| Total Liabilities and Stockholder’s Equity                    |     | $                      | 27,455,739 |   |     | $           |    809,072 |   |     | $           | 28,264,811 |   |
| Statement of Cash Flows                                       |     |                        |            |   |     |             |            |   |     |             |            |   |
| Capital Contribution from Sponsor                             |     | $                      |    733,058 |   |     | $           |   (375,000 | ) |     | $           |    358,058 |   |
| Proceeds from Sponsor Note                                    |     | $                      |          - |   |     | $           |    375,000 |   |     | $           |    375,000 |   |
| Redemption price                                              |     | $                      |      10.87 |   |     | $           |       0.45 |   |     | $           |      11.32 |   |
| Overpayment of redemption amount included in Due from Sponsor |     | $                      |          - |   |     | $           |    361,843 |   |     | $           |    361,843 |   |

Note 3 - Summary of Significant Accounting Policies

Basis of Presentation

The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X of the Securities and Exchange Commission (the “SEC”). Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a complete presentation of financial position, results of operations, or cash flows.

In the opinion of the Company’s management, the unaudited condensed financial statements as of June 30, 2024 and for the three and six months ended June