Company: FTII
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001493152-25-004006
Chunk: 48

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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288  
    $-  
    $(7,762,739) 
    $(7,762,387)

The
accompanying notes are an integral part of these unaudited condensed financial statements.

F-3

FUTURETECH
II ACQUISITION CORP.

CONDENSED
STATEMENTS OF CASH FLOWS

(unaudited)

    For the Nine Months Ended 

    September 30, 2024  
    September 30, 2023 

    Cash flows from Operating Activities: 

    Net income (loss) 
    $(38,005) 
    $2,304,899 
  
    Adjustments to reconcile net income (loss) to net cash used in operating
    activities: 

    Income earned on Interest Bearing Bank Demand Deposit Account held in the Trust Account 
     (1,107,012) 
     (3,989,390)
  
    Changes in operating assets and liabilities: 

    Prepaid expenses 
     43,793  
     26,209 
  
    Franchise tax payable 
     (15,450) 
     (155,636)
  
    Income tax payable 
     (34,177) 
     591,672 
  
    Other assets 
     -  
     77,654 
  
    Accounts payable and accrued expenses 
     316,048  
     178,313 
  
    Net cash used in operating activities 
     (834,803) 
     (966,279)

    Cash flows from Investing Activities: 

    Investment of cash in Trust Account 
     (650,000) 
     (2,550,000)
  
    Cash in transit to the trust 
     125,000  
     - 
  
    Cash withdrawn from Trust 
     36,663,640  
     64,746,521 
  
    Net cash provided by investing activities 
     36,138,640  
     62,196,521 

    Cash flows from Financing Activities: 

    Capital contribution from Sponsor 
     437,458  
     - 
  
    Cash paid for redemptions 
     (36,281,990) 
     (64,238,887)
  
    Advance to Sponsor 
     -  
     (565,100)
  
    Proceeds from issuance of debt