Company: FTII
Filing Date: 2025-02-14
Form Type: S-4
Source: 0001493152-25-006997
Chunk: 441

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-02-14
Form: S-4
Chunk 441
---
 
 the Nine Months Ended September 30, 
 2024                                |         |   |     | 2023 |        |   |     | For                         
 the Year Ended December 31, 
 2023                        |        |   |     | 2022 |          |   |
|:------------------------------------------------|:----|:------------------------------------|:--------|:--|:----|:-----|-------:|:--|:----|:----------------------------|-------:|:--|:----|:-----|:---------|:--|
| Net                                             
 cash provided by/(used in) operating activities |     | $                                   | (69,483 | ) |     | $    | 19,567 |   |     | $                           | 59,295 |   |     | $    | (995,784 | ) |
| Net                                             
 cash used in investing activities               |     | $                                   | -       |   |     | $    | (2,982 | ) |     | $                           | (2,982 | ) |     | $    | -        |   |
| Net                                             
 cash (used in)/provided by financing activities |     | $                                   | -       |   |     | $    |      - |   |     | $                           |      - |   |     | $    | (200,000 | ) |

Comparison of the nine months ended September 30, 2024 and 2023

Operating Activities

Cash used in operating activities in the nine months ended September 30, 2024 was attributable an increase in accounts receivable from related parties for management services and a decrease in operating lease obligations offset by an increase in accrued interest payable and our net income. Cash provided by operating activities in the nine months ended September 30, 2023 was attributable to non-cash transactions for stock based compensation and amortization of our right of use asset in addition to an increase in accrued interest on notes payable offset by our net loss and a reduction in our operating lease obligation.

Investing Activities

There were no investing activities in the nine months ended September 30, 2024. Cash used in investing activities for the nine months ended September 30, 2023 is for the purchase of office equipment.

Financing Activities

There were no financing activities in the nine months ended September 30, 2024 and 2023.

Comparison of the years ended December 31, 2023 and 2022 Operating Activities