Company: APM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001213900-25-037669
Chunk: 227

Company: Aptorum Group Ltd
Filing Date: 2025-04-30
Form: 20-F
Item: Item 19
Chunk 227
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3,070,000. The Group’s operating results for
future periods are subject to numerous uncertainties and it is uncertain if the Group will be able to reduce or eliminate its net losses
for the foreseeable future. If management is not able to generate significant revenues from its product candidates currently in development,
the Group may not be able to achieve profitability. Successful transition to attaining profitable operations is dependent upon achieving
a level of revenues adequate to support the Company’s cost structure. In connection with the Company’s assessment of going
concern considerations in accordance with Financial Accounting Standard Board’s Accounting Standards Update (“ ASU”)
2014-15, “ Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern,” management has determined
that these conditions raise substantial doubt about the Company’s ability to continue as a going concern within one year after the
date that these consolidated financial statements are issued.

If the Group is unable to generate sufficient funds
to finance the working capital requirements of the Group within the normal operating cycle of a twelve-month period from the date of these
consolidated financial statements are issued, the Group may have to consider supplementing its available sources of funds through the
following sources:

  other available sources of financing from banks and other  

  equity financing.  

The Company can make no assurances that required financings
will be available for the amounts needed, or on terms commercially acceptable to the Company, if at all. If one or all of these events
does not occur or subsequent capital raises are insufficient to bridge financial and liquidity shortfall, there would likely be a material
adverse effect on the Company and would materially adversely affect its ability to continue as a going concern.

The accompanying consolidated financial statements
do not include any adjustments that might result from the outcome of this uncertainty. Accordingly, the consolidated financial statements
have been prepared on a basis that assumes the Group will continue as a going concern and which contemplates the realization of assets
and satisfaction of liabilities and commitments in the ordinary course of business.

3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Principles of presentation and consolidation

The consolidated financial statements of the Group
are presented on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America
(“ U. S. GAAP”) and pursuant to the rules and regulations of the United Stated Securities and Exchange Commission (the “ SEC”),
and include the accounts of the Company, its direct and indirect wholly and majority owned subsidiaries.