Company: APM
Filing Date: 2025-07-15
Form Type: DRS
Source: 0001213900-25-063899
Chunk: 406

Company: Aptorum Group Ltd
Filing Date: 2025-07-15
Form: DRS
Chunk 406
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--------:|:----|:--|--------:|
| Deferred costs of equity financing |     | $ | 114,000 |     | $ |  25,000 |
| Other                              |     |   |   6,139 |     |   |   5,805 |
| Total                              |     | $ | 120,139 |     | $ |  30,805 |

NOTE 5 – INTANGIBLE ASSETS

In the Company’s fiscal year ended May 31,
2021, the Company acquired laboratory assets and operations, including the laboratory’s CLIA certification and its state operating
licenses from a provider of molecular diagnostic tests. The Company allocated $197,761 of the total purchase price to the certification
and licenses, which it considers indefinite-lived intangible assets.

NOTE 6 –PROPERTY AND EQUIPMENT, NET

Property and equipment, net, consists of the following:

|                              |     |         | Estimated 
 Life      |   | May 31, 
    2024 |   |     |   | May 31, 
    2023 |   |
|:-----------------------------|:----|:--------|:----------|:--|--------:|:--|:----|:--|--------:|:--|
| Laboratory equipment         |     | 5 years |           | $ |  88,388 |   |     | $ |  88,388 |   |
| 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.

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