Company: FTII
Filing Date: 2025-02-14
Form Type: S-4
Source: 0001493152-25-006997
Chunk: 421

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-02-14
Form: S-4
Chunk 421
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   | (2,397,881 | ) |     |     |        |   |
| Total              
 other expense      |     |                    |  6,504,307 |   |     |   |          — |   |     |     |      — | % |
| Net                
 loss               |     | $                  | (9,328,103 | ) |     | $ | (2,397,811 | ) |     |     |        |   |

General and Administrative

General and administrative expenses increased from $2.4 million for the year ended December 31, 2022 to $2.8 million for the year ended December 31, 2023. General and administrative expenses for the year ended December 31, 2023 consisted of $1.5 million in professional fees including $1.4 million in management services from Cerevast, $0.6 million in accounting and audit fees, $0.3 million in salaries and benefits, $0.2 million in legal fees and $0.2 million in investor relation fees. General and administrative expenses for the year ended December 31, 2022 consisted of $0.8 million in professional fees including $0.6 million in management services from Cerevast, $0.8 million in accounting and audit fees, $0.7 million for legal fees and $0.1 million in salaries and benefits.

Total Other Expense

Total other expense for the year ended December 31, 2023 includes $6.2 million for the loss on the extinguishment of debt when the FutureTech notes were modified to be convertible promissory notes in January 2023 and $0.3 million in imputed interest on the FutureTech zero interest notes.

Liquidity and Capital Resources

Since our inception, our primary sources of capital have been proceeds from debt financings.

| 229 |

Cash Flows

The following table summarizes our cash flow:

|                                       |     | 2024 |                                 For 
 the Nine Months Ended September 30, |   |     | 2023 |            |   |     | 2023 |                         For 
 the Year Ended December 31, |   |     | 2022 |            |   |
|:--------------------------------------|:----|:-----|------------------------------------:|:--|:----|:-----|-----------:|:--|:----|:-----|----------------------------:|:--|:----|:-----