Company: APM
Filing Date: 2025-10-06
Form Type: S-4
Source: 0001213900-25-096656
Chunk: 304

Company: Aptorum Group Ltd
Filing Date: 2025-10-06
Form: S-4
Chunk 304
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 December 31, 
         2023 |   |     |   |   Year Ended 
 December 31, 
         2022 |   |
|:--------------------------------------------------------------|:----|:--|-------------:|:--|:----|:--|-------------:|:--|
| Net cash used in operating activities                         |     | $ |   (7,724,364 | ) |     | $ |  (12,318,965 | ) |
| Net cash provided by investing activities                     |     |   |      624,767 |   |     |   |    2,444,896 |   |
| Net cash provided by financing activities                     |     |   |    4,092,068 |   |     |   |    6,625,462 |   |
| Net decrease in cash and cash equivalents and restricted cash |     |   |   (3,007,529 | ) |     |   |   (3,248,607 | ) |

Operating activities Net cash used in operating activities amounted to $7.7 million and $12.3 million for the years ended December 31, 2023, and 2022. The net cash used in operating activities declined due to the implementation of stringent budgetary control measures, as a result of the Company’s exclusive emphasis on its lead projects. Investing activities Net cash provided by investing activities amounted to $0.6 million and $2.4 million for the years ended December 31, 2023 and 2022. The decrease in net cash provided by investing activities was due to the decrease in net cash repayment from loan to related parties by $2.1 million, which was partially mitigated by a $0.2 million decrease in capital expenditures. Financing activities Net cash provided by financing activities amounted to $4.1 million and $6.6 million for the year ended December 31, 2023 and 2022. The decrease in net cash inflow from financing activities was primarily a result of the repayment of a bank loan in the amount of $3.0 million and decrease in loan from bank of $3.0 million, partially mitigated by a $2.0 million increase in loan from a related party, and a $1.6 million increase in proceeds from issuance of Class A ordinary shares.

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CAPITAL EXPENDITURES Our capital expenditures were $nil, $3,000 and $0.2 million for the years ended December