Company: FTII
Filing Date: 2025-04-09
Form Type: 10-K
Source: 0001641172-25-003384
Chunk: 890

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-04-09
Form: 10-K
Item: Item 2
Chunk 890
---
    2023 
     635,075  
    $64  
     2,875,000  
    $288  
    $-  
    $(6,499,430) 
    $(6,499,078)
  
    Balance 
     635,075  
    $64  
     2,875,000  
    $288  
    $-  
    $(6,499,430) 
    $(6,499,078)

The
accompanying notes are an integral part of these financial statements.

F-5

FUTURETECH
II ACQUISITION CORP.

STATEMENTS
OF CASH FLOWS

    December
    31, 2024  
    December
    31, 2023 

    For the Years
    Ended 

    December
    31, 2024  
    December
    31, 2023 

    Cash flows from Operating
    Activities: 

    Net income
    (loss) 
    $(746,953) 
    $2,911,502 
  
    Adjustments to reconcile
    net income (loss) to net cash used in operating activities: 

    Income earned on Interest
    Bearing Bank Demand Deposit Account held in the Trust Account 
     (1,342,491) 
     (4,809,102)
  
    Gain on forgiveness of
    debt 
     -  
     (144,443)
  
    Changes in operating assets
    and liabilities: 

    Prepaid expenses 
     64,043  
     93,571 
  
    Due from Sponsor 
     -  
     (731,912)
  
    Franchise tax payable 
     34,550  
     (105,636)
  
    Income tax payable 
     (788,498) 
     777,344 
  
    Other assets 
     -  
     77,654 
  
    Accounts
    payable and accrued expenses 
     853,767  
     164,913 
  
    Net
    cash used in operating activities 
     (1,925,582) 
     (1,766,109)

    Cash flows from Investing
    Activities: 

    Investment of cash in Trust Account 
     (775,489) 
     (2,