Company: APM
Filing Date: 2025-07-15
Form Type: DRS
Source: 0001213900-25-063899
Chunk: 425

Company: Aptorum Group Ltd
Filing Date: 2025-07-15
Form: DRS
Chunk 425
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 are recognized at lease commencement
based upon the estimated present value of unpaid lease payments over the lease term. The Company uses its incremental borrowing rate based
on the information available at lease commencement in determining the present value of unpaid lease payments.

Convertible Notes Payable

Debt issuance costs and discounts (premiums) related
to notes payable are reported as direct deductions (increases) to the outstanding debt and amortized over the term of the debt using the
effective interest method as an addition (reduction) to interest expense.

Recently Issued Accounting Pronouncements

In November 2024, the FASB issued Accounting
Standards Update No. 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Topic 220): Disaggregation
of Income Statement Expenses (“ASU 2024-03”). ASU 2024-03 requires additional disclosure of certain amounts included in the
expense captions presented on the condensed consolidated statement of operations as well as disclosures about selling expenses. The ASU
is effective on a prospective basis, with the option for retrospective application, for annual periods beginning after December 15, 2026
and interim reporting periods beginning after December 15, 2027. Early adoption is permitted for annual financial statements that have
not yet been issued. The Company is currently evaluating the impact of ASU 2024-03 on its condensed consolidated financial statements
and related disclosures.

There are no other recently issued accounting pronouncements that the
Company believes might have a material impact on its financial position or results of operations.

<div align='center'>F-27</div>

NOTE 4 – PREPAID EXPENSES AND OTHER CURRENT ASSETS

Prepaid expenses and other current assets consist
of the following:

|                                    |     |   | February 28, 
         2025 |     |   | May 31, 
    2024 |
|:-----------------------------------|:----|:--|-------------:|:----|:--|--------:|
| Deferred costs of equity financing |     | $ |            - |     | $ | 114,000 |
| Other                              |     |   |        3,906 |     |   |   6,139 |
| Total                              |     | $ |        3,906 |     | $ | 120,139 |

NOTE 5 – INTANGIBLE ASSETS

In the Company’s fiscal year ended May 31,
2021, the Company