Company: APM
Filing Date: 2025-07-15
Form Type: DRS
Source: 0001213900-25-063906
Chunk: 266

Company: Aptorum Group Ltd
Filing Date: 2025-07-15
Form: DRS
Chunk 266
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roll expenses                      |     | $ |      893,437 |     | $ |    3,793,367 |
| Rent and rates                        |     |   |      213,701 |     |   |      265,558 |
| Travelling expenses                   |     |   |       59,874 |     |   |      158,357 |
| Amortization and depreciation         |     |   |       53,799 |     |   |      143,498 |
| Insurance                             |     |   |      474,746 |     |   |      546,675 |
| Advertising and marketing expenses    |     |   |       48,982 |     |   |       98,082 |
| Other expenses                        |     |   |      186,098 |     |   |      214,868 |
| Total General and Administrative Fees |     | $ |    1,930,637 |     | $ |    5,220,405 |

Legal and professional fees For the years ended December 31, 2023, and 2022, the legal and professional fees were $2,538,161 and $2,888,140, respectively. The decrease in legal and professional fees was mainly due to less consulting services engaged during 2023 as a consequence of exclusive emphasis on its lead projects and suspension of non -leadprojects. Other operating expenses For the years ended December 31, 2023, and 2022, the other operating expenses was $1,067,690 and $261,038, respectively. The increase in other operating expenses was primarily due to impairment losses of long -livedassets during current period, such as right -of -useassets, which resulted from the decision to terminate clinic services in the second quarter of 2023, and allowance of credit losses for amount due from related parties, which results from the decision to suspend non -leadprojects owned by the related party. Other income, net For the years ended December 31, 2023, and 2022, the other income, net was $6,383,276 and $5,984,011, respectively. The increase in other income, net was mainly due to the increase in unrealized gain from fair value change of the long -terminvestments, net.

149

Net loss attributable to Aptorum Group Limited For the years ended December 31, 2023, and 2022, net