Company: FTII
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011790
Chunk: 15

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 8
Chunk 15
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olicies (Continued)

The following table reflects
the calculation of basic and diluted net income (loss) per share (in dollars, except per share amounts):

 Schedule of Basic and Diluted Net Income (Loss) Per Common Share

    Three Months Ended  
    Three Months Ended 

    March 31, 2025  
    March 31, 2024 

    Redeemable  
    Non-redeemable  
    Redeemable  
    Non-redeemable 
  
    Basic and diluted net income (loss) per share of common stock Numerator: Interest 
    $199,826  
    $-  
    $536,343  
    $- 
  
    Less: Allocation of expenses 
     (88,988) 
     (400,511) 
     (214,607) 
     (192,159)
  
    Less: Accretion of carrying value to redemption value 
     (686,300) 
     -  
     (139,166) 
     - 
  
    Total 
    $(575,461) 
    $(400,511) 
    $182,570 
    $(192,159)
  
    Basic and diluted net income (loss) per share of common stock 
    $(0.74) 
    $(0.11) 
    $0.05  
    $(0.05)

Fair Value of Financial Instruments

The fair value is defined
as the price that would be received for sale of an asset or paid for transfer of a liability, in an orderly transaction between market
participants at the measurement date. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring
fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities
(Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include:

● Level 1, defined as
observable inputs such as quoted prices (unadjusted) for identical instruments in active markets. This is the level that the Interest-Bearing
Bank Demand Deposit Account Held in Trust Account are considered (being $9,020,580 and $26,447,350 as of March 31, 2025 and December 31,
2024, respectively);

● Level 2, defined as
inputs other than quoted prices in active markets that are either directly or indirectly