Company: LNAI
Filing Date: 2025-02-19
Form Type: 10-Q/A
Source: 0001731122-25-000250
Chunk: 78

Company: Lunai Bioworks Inc.
Filing Date: 2025-02-19
Form: 10-Q/A
Chunk 78
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                           |    (758,057 | ) |     |      |    (310,766 | ) |     |                     |    (447,291 | ) |     |   |  144 | %  |
| Interest and other income (expense)                          |     |                            |     (16,272 | ) |     |      |   (142,571 | ) |     |                     |     126,299 |   |     |   |   (89 | )% |     |                           |       8,041 |   |     |      |    (133,938 | ) |     |                     |     141,979 |   |     |   | (106 | )% |
| Total Other Income (Expense)                                 |     |                            |  (7,609,230 | ) |     |      |   (264,860 | ) |     |                     |   7,344,370 |   |     |   | 2,773 | %  |     |                           |  (8,159,190 | ) |     |      |    (863,886 | ) |     |                     |   7,295,304 |   |     |   |  844 | %  |
| NET LOSS                                                     |     |                          $ | (58,990,070 | ) |     |    $ | (4,328,296 | ) |     | $                   | (54,661,774 | ) |     |   | 1,263 | %  |     |                         $ | (72,694,219 | ) |     |    $ | (16,485,804 | ) |     | $                   | (56,208,415 | ) |     |   |  341 | %  |

Revenues

We are a pre-revenue, pre-clinical
biotechnology and artificial intelligence driven healthcare technology company. We have never generated revenues and have incurred losses
since inception. We do not anticipate earning any revenues until our therapies or products are approved for marketing and sale.

<div align='center'>42</div>

Expenses

Our operating expenses for the
three months ended March 31, 2024 and 2023, were $51,380,840 and $4,063,436 respectively, representing an increase of $47,317,404 or approximately 1,164%. The increase in operating expenses primarily relates to the increase in general
and administrative expenses of