Company: FTII
Filing Date: 2025-02-14
Form Type: S-4
Source: 0001493152-25-006997
Chunk: 420

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-02-14
Form: S-4
Chunk 420
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 | (5,086,325 | ) |     | $    | (8,364,126 | ) |     |        |       |    |

| 228 |

General and Administrative

General and administrative expenses increased from $2.2 million for the nine months ended September 30, 2023 to $3.6 million for the nine months ended September 30, 2024. This increase is related to $1.6 million in legal, advisory and accounting fees written off due to the termination of the business combination with Denali Capital Acquisition Corp offset by a decrease of $0.1 million in investor relations due to a reduction in investor relations activities.

Other Expense

Other expense of $6.2 million for the nine months ended September 30, 2023 was from the loss on extinguishment of debt realized upon the modification of the promissory notes outstanding with FutureTech Capital. Other expense of $1.4 million for the nine months ended September 30, 2024 is related to accrued interest on the promissory notes with FutureTech Capital of $0.4 million and the $1.0 million loss on extinguishment of debt realized upon the modification of the terms of the convertible note.

Comparison of the years ended December 31, 2023 and 2022

The following table presents our statements of operations data for the periods indicated:

|                    |     | Year               
 Ended December 31, |       2023 |   |     |   |       2022 |   |     |     |      % 
 Change |   |
|:-------------------|:----|:-------------------|-----------:|:--|:----|:--|-----------:|:--|:----|:----|-------:|:--|
| Operating          
 expenses:          |     |                    |            |   |     |   |            |   |     |     |        |   |
| General            
 and administrative |     | $                  |  2,823,796 |   |     | $ |  2,397,881 |   |     |     |   17.8 | % |
| Total              
 operating expenses |     |                    |  2,823,796 |   |     |   |  2,397,881 |   |     |     |   17.8 | % |
| Loss               
 from operations    |     |                    | (2,823,796 | ) |     |