Company: LNAI
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001731122-25-001316
Chunk: 392

Company: Lunai Bioworks Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 3
Chunk 392
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303,578 
  
    Non-cash
    stock-based compensation expense 
     3,313,291  
     4,673,129 
  
    Non-cash
    restricted shares issued for services rendered 
     1,946,845  
     4,664,190 
  
    Intangible
    asset impairment 
     —  
     42,611,000 
  
    Goodwill
    impairment 
     170,419,429  
     11,640,000 
  
    Amortization
    of discount on note payable 
     32,024  
     580,605 
  
    Changes
    in assets and liabilities: 

    Other
    receivables 
     1,153,768  
     (1,108,247)
  
    Prepaid
    expenses/deposits 
     1,143,293  
     1,082,267 
  
    Accounts
    payable 
     3,106,181  
     4,057,282 
  
    Other
    current liabilities 
     (26,477) 
     — 
  
    Operating
    leases, net 
     (16,086) 
     11,284 
  
    Accrued
    expenses 
     499,330  
     4,769,268 
  
    NET
    CASH USED IN OPERATING ACTIVITIES 
     (7,874,647) 
     (10,971,430)

    CASH
    FLOWS FROM INVESTING ACTIVITIES: 

    Investment
    in equity securities 
     (500,000) 
     — 
  
    Notes
    receivable prior to acquisition 
     —  
     (1,255,600)
  
    Cash
    received from acquisition, net 
     —  
     65,851 
  
    Purchase
    of property and equipment 
     —  
     (70,430)
  
    NET
    CASH USED IN INVESTING ACTIVITIES 
     (500,000) 
     (1,260,179)

    CASH
    FLOWS FROM FINANCING ACTIVITIES: 

    Repayments
    of finance agreement 
     (971,231) 
     (870,073)