Company: APM
Filing Date: 2025-10-06
Form Type: S-4
Source: 0001213900-25-096656
Chunk: 519

Company: Aptorum Group Ltd
Filing Date: 2025-10-06
Form: S-4
Chunk 519
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 the performance obligation(s) in the contract; and (v) recognize revenues when (or as) the Company satisfies a performance obligation. The Company applies the provisions of ASC 606 to an arrangement when a substantive contract exists and collectability is probable. F-60

DIAMIR BIOSCIENCES CORP.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 3 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont.)

The Company’s deferred revenue represents amounts invoiced in excess of revenue earned and relates to fees for the Company’s laboratory testing services. The deferred revenue is expected to be recognized as revenue within a year, as samples are tested in accordance with customer specifications. There is no variable consideration. Customer acquisition costs are not significant.

Contract assets and deferred revenues related to contracts with customers consist of the following as of May 31, 2025 and May 31, 2024:

| Contract                   
 costs                      
 May 31, 2023               |     | Contract assets | Unbilled 
 revenue  
 —        |     |   | Total 
 —     |     | Contract liability | Deferred 
 revenue  
 —        |     |   |      — |
|:---------------------------|:----|:----------------|:---------|:----|:--|:------|:----|:-------------------|:---------|:----|:--|-------:|
| Net change due to billings |     |                 | —        |     |   | —     |     |                    | —        |     |   |      — |
| Revenue recognized         |     |                 | —        |     |   | —     |     |                    | —        |     |   |      — |
| May 31, 2024               |     |                 | —        |     |   | —     |     |                    | —        |     |   |      — |
| Net change due to billings |     |                 | —        |     |   | —     |     |                    | —        |     |   | 43,982 |
| Revenue recognized         |     |                 | —        |     |   | —     |     |                    | —        |     |   |      — |
| May 31, 2025               |     | $               | —        |     | $ | —     |     | $                  | —        |     | $ | 43,982 |

Other revenue

In the year ended May