Company: APM
Filing Date: 2025-07-15
Form Type: DRS
Source: 0001213900-25-063906
Chunk: 453

Company: Aptorum Group Ltd
Filing Date: 2025-07-15
Form: DRS
Chunk 453
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   |
| Furniture                    |     | 7 years |           |   |  11,780 |   |     |   |  11,780 |   |
| Computer equipment           |     | 3 years |           |   |   5,176 |   |     |   |   3,898 |   |
| Total property and equipment |     |         |           |   | 105,344 |   |     |   | 104,066 |   |
| Accumulated depreciation     |     |         |           |   | (64,487 | ) |     |   | (44,435 | ) |
| Property and equipment, net  |     |         |           | $ |  40,857 |   |     | $ |  59,631 |   |

Depreciation expense was $20,052 and $20,051 for the years ended May 31, 2024 and 2023, respectively. NOTE 7 — ACCOUNTS PAYABLE AND ACCRUED EXPENSES Accounts payable and accrued expenses consist of the following:

|                       |     |   | May 31, 
    2024 |     |   | May 31, 
    2023 |
|:----------------------|:----|:--|--------:|:----|:--|--------:|
| Outside services      |     | $ | 123,065 |     | $ |  24,904 |
| Employee compensation |     |   |  12,285 |     |   |  14,747 |
| Other                 |     |   |  13,298 |     |   |       — |
| Total                 |     | $ | 148,648 |     | $ |  39,651 |

NOTE 8 — CONVERTIBLE NOTES PAYABLE Founders In the year ended May 31, 2023, convertible notes payable to founders with an aggregate principal amount of $425,000 due December 2022 were extended to December 31, 2026. In the year ended May 31, 2024, the Company amended its outstanding convertible note (“Note”) to one founder to reflect additional borrowings of $200,000 during the year and interest accrued to the date of the amended note. The Company estimates that the nominal interest rate on the Note is less than rates that may be obtained from third parties. The Company recorded discounts of $35,063 on the additional