Company: APM
Filing Date: 2025-11-17
Form Type: F-1
Source: 0001213900-25-111548
Chunk: 189

Company: Aptorum Group Ltd
Filing Date: 2025-11-17
Form: F-1
Chunk 189
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2024, and 2023, the other operating expenses was $272,609 and $1,067,690, respectively. The decrease in other operating expenses was primarily due to the decrease in impairment loss of long-lived assets since the majority of long-lived assets were impaired in prior year and no such large impairment in current year. Other (expense) income, net For the years ended December 31, 2024, and 2023, the other expense, net, was $217,196 and other income, net, was $6,383,276, respectively. The changes from other income in 2023 to other expense in 2024 was mainly due to there was a one-off unrealized gain from fair value change of the long-term investments, amounted to $6.4 million in prior year, which there are no such gain in current year. Net loss attributable to the Company For the years ended December 31, 2024, and 2023, net loss attributable to the Company (excluding net loss attributable to non-controlling interests) was $4,267,806 and $2,824,647, respectively. For the Years ended December 31, 2023, and 2022 During the second quarter of 2023, the Company made a decision to streamline its operations by terminating clinic services and suspending non-lead R&D projects. This measure is aimed at optimizing the allocation of our resources and focusing our efforts on advancing our lead projects, which hold the most promise for commercial success and beneficial impact. This decision aligns with our commitment to enhance shareholder value and effectively drive our core objectives forward in the competitive landscape. 107 The following table summarizes our results of operations for the years ended December 31, 2023, and 2022.

|                                                                          |     |   |   Year Ended 
 December 31, 
         2023 |   |     |   |   Year Ended 
 December 31, 
         2022 |   |
|:-------------------------------------------------------------------------|:----|:--|-------------:|:--|:----|:--|-------------:|:--|
| Revenue                                                                  |     |   |              |   |     |   |              |   |
| Healthcare services income                                               |     | $ |      431,378 |   |     | $ |    1,295,889 |   |
| Operating expenses                                                       |     |   |              |   |     |   |              |   |
| Cost