Company: APM
Filing Date: 2025-07-15
Form Type: DRS
Source: 0001213900-25-063906
Chunk: 473

Company: Aptorum Group Ltd
Filing Date: 2025-07-15
Form: DRS
Chunk 473
---
, the Company exercised its option to renew the lease for the calendar year 2025 at a monthly rate of $3,565. NOTE 9 — COMMITMENTS AND CONTINGENCIES Legal The Company is not involved in any legal matters arising in the normal course of business. While incapable of estimation, in the opinion of the management, the individual regulatory and legal matters in which it might involve in the future are not expected to have a material adverse effect on the Company’s financial position, results of operations, or cash flows. NOTE 10 — STOCKHOLDERS’ EQUITY Stock-Based Compensation The Company maintains stock option plans, under which shares are available for issuance of stock -basedawards under terms established by the board of directors. Through February 28, 2025, awards under the plans generally consisted of stock options with exercise prices equal to the estimated fair market value of the Company’s common stock, vesting and service conditions of 18 months to three years without market or performance conditions and ten -yearlives, and to restricted stock units with performance conditions. As of February 28, 2025, the number of shares authorized under the 2024 Stock Option Plan is 600,000shares, which will increase by 2% per year or such lower number of shares as may be determined by the Company’s board of directors. In the nine months ended February 28, 2025, the Company entered into employment agreements with two executives that become effective upon the completion of an initial public offering of its common stock. Options for an aggregate of 270,000shares are issuable with a strike price equal to the offering price and certain service -basedand performance -basedvesting provisions. As of February 28, 2025, unrecognized stock -basedcompensation expense related to options for which vesting is not considered probable was $1,093,712. As of February 28, 2025, unrecognized stock -basedcompensation expense related to restricted stock units for which vesting is not considered probable was $652,080. Founder Contribution In nine months ended February 28, 2025, its founders made contributions to the Company in the form of a loan with an interest rate below market. The Company recorded a discounts of $24,970 on the loan as additional paid -incapital.

F-61

DIAMIR BIOSCIENCES CORP.
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS NOTE 10 — STOCKHOLD