Company: LNAI
Filing Date: 2025-02-19
Form Type: 10-Q
Source: 0001731122-25-000258
Chunk: 92

Company: Lunai Bioworks Inc.
Filing Date: 2025-02-19
Form: 10-Q
Item: Part I, Item 8
Chunk 92
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,546,316 

Information
regarding each reportable segment for the six months ended December 31, 2024, is as follows:

    RENB 
    RENC 
    Total
  
    General and administrative 
    $8,129,401  
    $1,524,972  
    $9,654,373 
  
    Research and development 
     542,770  
     8,503  
     551,273 
  
    Goodwill impairment 
     —  
     47,614,729  
     47,614,729 
  
    Depreciation and amortization 
     61,131  
     3,363  
     64,494 

    Segment operating loss 
    $8,733,302  
    $49,151,567  
    $57,884,869 

Geographic information:

RENB and
RENC are managed on a worldwide basis but operate in offices located in the United Stated and the Netherlands, respectively. The geographic
information analyses the Company’s operations and assets based on the country in which each segment operates. In presenting this
geographic information, segment operating results have been based on the geographic location in which the services were provided to the
segment and segment assets were based on the geographic location of the assets.

NOTE 10 — ACQUISITION

On September
28, 2023, the Company, entered into a Stock Purchase Agreement (the “Purchase Agreement”) with GEDi Cube Intl Ltd.,
a private company formed under the laws of England and Wales (“GEDi Cube”) to acquire 100% of the equity interests
of GEDi Cube from its equity holders (the “Sellers”). On September 28, 2023, the Board of Directors of the Company,
and the board of managers of GEDi Cube unanimously approved the Purchase Agreement and on January 25, 2024, the shareholders of the Company
approved the issuance of the shares of Common Stock pursuant to the Purchase Agreement. On February 13, 2024 (the “Closing Date”),
the Company consummated the acquisition of GEDi Cube and the other transactions contemplated by the Stock Purchase Agreement (collectively,
the “Transaction”). As a result of the Transaction, GEDi Cube became a wholly-owned subsidiary of the Company.

Pursuant
to the Stock Purchase Agreement, as of the Closing Date, the Company