Company: APM
Filing Date: 2025-10-06
Form Type: S-4
Source: 0001213900-25-096656
Chunk: 526

Company: Aptorum Group Ltd
Filing Date: 2025-10-06
Form: S-4
Chunk 526
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, 2024 and 2025. The Company considers exercise of its renewal options to be probable. Accordingly, it has recorded right of use assets and lease liabilities related to the lease.

The lease agreement does not provide an implicit borrowing rate; therefore, an internal incremental borrowing rate is determined based on information available at lease commencement date for purposes of determining the present value of lease payments and recording lease liabilities. In determining this rate, the Company estimated the rate of interest it would pay on collateralized loans with similar payment terms, in a similar economic environment, by reference to comparable lessee companies.

Supplemental cash flow information and non-cash activity related to leases include the following in the years ended May 31:

|                                                     |     |   |   2025 |     |   |   2024 |
|:----------------------------------------------------|:----|:--|-------:|:----|:--|-------:|
| Cash paid on operating lease liabilities            |     | $ | 42,052 |     | $ | 40,827 |
| Right of use assets acquired under operating leases |     | $ | 39,083 |     | $ | 37,319 |

Lease terms and assumed discount rates are as follows:

|                    |     |   May 31, 
      2025 |   |     |   May 31, 
      2024 |   |
|:-------------------|:----|----------:|:--|:----|----------:|:--|
| Average lease term |     | 1.6 years |   |     | 1.6 years |   |
| Discount rate      |     |        10 | % |     |        10 | % |

Minimum lease payments under leases with terms greater than one year are as follows:

| Year                     |     | Amount |        |   |
|:-------------------------|:----|:-------|-------:|:--|
| Year ending May 31, 2026 |     | $      | 43,313 |   |
| Year ending May 31, 2027 |     |        | 25,703 |   |
| Total                    |     |        | 69,016 |   |
| Less imputed interest    |     |        | (4,935 | ) |
| Lease liability          |     | $      | 64,081 |   |

The Company also leases office space on a monthly basis. Total lease costs were $ and