Company: FTII
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001641172-25-025250
Chunk: 56

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-08-22
Form: 10-Q
Item: Item 8
Chunk 56
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 the Company.

The
foregoing descriptions of the Convertible Notes and the transactions contemplated thereby are only summaries and do not purport to be
complete and are qualified in their entirety by reference to the full text of such instruments, a copy of which was attached to the Current
Report on Form 8-K as Exhibit 10.1 filed with the SEC on April 11, 2025 and incorporated herein by reference.

Results
of Operations

We
have neither engaged in any operations nor generated any revenues to date. Our only activities from inception to June 30, 2025 were organizational
activities, those necessary to prepare for the Initial Public Offering (“Initial Public Offering”), conducting the Initial
Public Offering and identifying a target company for a business combination. The Company will not generate any operating revenues until
after the completion of its initial Business Combination, at the earliest. The Company will generate non-operating income in the form
of interest income on cash and cash equivalents from the proceeds derived from the Initial Public Offering We incur expenses as a result
of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses.

For
the three and six months ended June 30, 2025, we had net losses of $80,647 and $370,320, which consisted of investment income of $72,477
and $272,304, respectively, partially offset by expenses of $138,735 and $592,572 and tax expense of $14,389 and $50,052, respectively.
Expenses were higher in 2025 compared to 2024 due to due diligence costs related to a potential business combination transaction.

For
the three and six months ended June 30, 2024, we had net loss and net income of $44,457 and $85,119, which consisted of
investment income of $283,084 and $819,427, respectively, partially offset by expenses of $284,894 and $595,828 and tax expense of
$42,647 and $138,480, respectively.

Liquidity
and Capital Resources

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,” the Company has until August 18, 2025 to complete a Business Combination. It is uncertain that