Company: FTII
Filing Date: 2025-02-14
Form Type: S-4
Source: 0001493152-25-006997
Chunk: 438

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-02-14
Form: S-4
Chunk 438
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 the requisite service period of the award. Stock option awards containing a performance based vesting criteria are recognized as expense when the performance criteria are met, or if the performance criteria are considered probable, expense is recognized straight-line over the performance. Stock-based compensation expense is adjusted for forfeitures as those forfeitures occur.

Results of Operations

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

The following table presents our statements of operations for the periods indicated:

| Operating          
 expenses:          |     | Nine                       
 Months Ended September 30, 
 2024                       |            |   |     | 2023 |            |   |     | %      
 Change |      |    |
|:-------------------|:----|:---------------------------|-----------:|:--|:----|:-----|-----------:|:--|:----|:-------|-----:|:---|
| Research           
 and development    |     | $                          |    516,816 |   |     | $    |    557,453 |   |     |        | (7.3 | )% |
| General            
 and administrative |     |                            |    580,325 |   |     |      |    526,186 |   |     |        | 10.3 | %  |
| Total              
 operating expenses |     |                            |  1,097,141 |   |     |      |  1,083,639 |   |     |        | (1.2 | )% |
| Loss               
 from operations    |     |                            | (1,097,141 | ) |     |      | (1,083,639 | ) |     |        |      |    |
| Total              
 other income       |     |                            |  1,101,466 |   |     |      |  1,001,466 |   |     |        | 10.0 | %  |
| Net                
 income (loss)      |     | $                          |      4,325 |   |     | $    |    (82,173 | ) |     |        |      |    |

| 241 |

Research and Development

Research and development expenses decreased 7.3% from $0.6 million in the nine months ended September 30, 2023 to $0.5 million in the nine months ended September 30, 2024. The decrease is primarily due to a