Company: LNAI
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001731122-25-001316
Chunk: 567

Company: Lunai Bioworks Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 5
Chunk 567
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5 and 2024
F-6

Consolidated Statement of Stockholders’ Equity (Deficit) for the Years Ended June 30, 2025 and 2024
F-7

Consolidated Statements of Cash Flows for the Years Ended June 30, 2025 and 2024
F-8

Notes to the Consolidated Financial Statements
F-9

F-1

REPORT OF INDEPENDENT REGISTERED
PUBLIC ACCOUNTING FIRM

To the Board of Directors and Shareholders of Lunai Bioworks, Inc. (fka:
Renovaro, Inc.):

Opinion
on the Financial Statements

We have audited the accompanying consolidated balance
sheets of Lunai Bioworks, Inc. (fka: Renovaro, Inc.) (“the Company”) as of June 30, 2025 and 2024, the related consolidated
statements of operations, comprehensive loss, stockholders’ equity(deficit), and cash flows for each of the years in the two-year
period ended June 30, 2025 and the related notes (collectively referred to as the “financial statements”). In our opinion,
the financial statements referred to above present fairly, in all material respects, the financial position of the Company as of June
30, 2025 and 2024, and the results of its operations and its cash flows for each of the years in the two-year period ended June 30, 2025,
in conformity with accounting principles generally accepted in the United States of America.

Explanatory
Paragraph Regarding Going Concern

The
accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note
2 to the financial statements, the Company has incurred substantial recurring losses from operations, has used cash in the Company’s
continuing operations, and is dependent on additional financing to fund operations, which raises substantial doubt about its ability
to continue as a going concern. Management's plans in regard to these matters are also described in Note 2. The financial statements
do not include any adjustments that might result from the outcome of this uncertainty.

Basis
for Opinion

These
financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s
financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board
(United States) (“PCAOB”) and are required to be independent with