Company: LNAI
Filing Date: 2025-02-19
Form Type: 10-Q
Source: 0001731122-25-000258
Chunk: 8

Company: Lunai Bioworks Inc.
Filing Date: 2025-02-19
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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     988,962  
     — 
  
    Prepaid expenses/deposits 
     418,442  
     516,296 
  
    Accounts payable 
     1,485,872  
     281,095 
  
    Accrued expenses 
     175,733  
     (29,571)
  
    Other current liabilities 
     (68,438) 
     — 
  
    Operating leases, net 
     (10,621) 
     (14,587)
  
    NET CASH USED IN OPERATING ACTIVITIES 
     (4,576,052) 
     (5,923,830)

    CASH FLOWS FROM INVESTING ACTIVITIES: 

    Notes receivable 
     —  
     (1,073,625)
  
    Purchase of property and equipment 
     —  
     (41,584 
  
    NET CASH USED IN INVESTING ACTIVITIES 
     —  
     (1,115,209)

    CASH FLOWS FROM FINANCING ACTIVITIES: 

    Proceeds from issuance of promissory notes 
     —  
     2,540,000 
  
    Repayment of finance agreement 
     (427,945) 
     (422,183)
  
    Proceeds from private placement 
     2,376,181  
     2,000,000 
  
    Proceeds from notes payable 
     2,671,926  
     950,000 
  
    Proceeds from exercise of warrants 
     —  
     341,865 
  
    NET CASH PROVIDED BY FINANCING ACTIVITIES 
     4,620,162  
     5,409,682 

    Effect of exchange rates on cash 
     47,187  
     (1,143)

    NET CHANGE IN CASH 
     91,297  
     (1,630,500)

    CASH, BEGINNING OF PERIOD 
     220,467  
     1,874,480 

    CASH, END OF PERIOD 
    $311,764  
    $243,980 

    SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION 

    Cash paid during the period for: