Company: CERO
Filing Date: 2025-12-05
Form Type: S-1
Source: 0001213900-25-118817
Chunk: 413

Company: CERO THERAPEUTICS HOLDINGS, INC.
Filing Date: 2025-12-05
Form: S-1
Chunk 413
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 |     |               |        1,833 |
|                                               |     | $           |    1,913,175 |     | $             |      144,633 |

NOTE 7 – Leases

As of December 31, 2024 and
2023, the Company holds a lease for laboratory and office space. The lease has escalating contractual rent and variable rent
components and the Company elected to separate the contractual and variable elements for valuing the operating lease liability and right-to-use
asset. The lease does not have any options for extension or expansion.

|                               |     |   |      For the 
  period from 
 February 14, 
 2024 through 
 December 31, 
         2024 
  (Successor) |     |   |       For the 
   period from 
    January 1, 
  2024 through 
  February 13, 
          2024 
 (Predecessor) |     |   | For the year ended 
       December 31, 
               2023 
      (Predecessor) |
|:------------------------------|:----|:--|-------------:|:----|:--|--------------:|:----|:--|-------------------:|
| Operating leases:             |     |   |              |     |   |               |     |   |                    |
| Operating lease cost          |     | $ |      762,057 |     | $ |       152,887 |     | $ |            930,913 |
| Variable operating lease cost |     |   |      581,860 |     |   |       116,371 |     |   |            637,016 |
| Total lease cost              |     | $ |    1,343,917 |     | $ |       269,258 |     | $ |          1,567,929 |

The right-of-use asset, net for the operating lease was recorded in
the consolidated balance sheets as follows:

|                          |     | 2024        
 (Successor) | December 31, |     | 2023          
 (Predecessor) | December 31, |
|:-------------------------|:----|:------------|-------------:|:----|:--------------|-------------:|
| Right-of-use assets, net |     | $           |    1,464,367 |     | $             |    2,189,565 |

The operating