Company: FTII
Filing Date: 2025-02-14
Form Type: S-4
Source: 0001493152-25-006997
Chunk: 430

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-02-14
Form: S-4
Chunk 430
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 |   |     |      |   1,870 |   |     |        | —     | %  |
| Net                
 loss               |     | $                          | (25,630 | ) |     | $    | (31,136 | ) |     |        |       |    |

Research and Development

Research and development expenses decreased 19.2% in the nine months ended September 30, 2024 compared to the nine months ended September 30, 2023. The decrease is a result of reduction in the patent pass through costs to JHU.

General and Administrative

General and administrative expenses decreased 17.9% in the nine months ended September 30, 2024 compared to the nine months ended September 30, 2023. The decrease is the result of a one-time payment in the nine months ended September 30, 2023 for franchise taxes.

Total Other Expense

Total other expense remained constant in the nine months ended September 30, 2024 and 2023 at $1,870. The $1,870 represents interest incurred on notes payable.

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

The following table presents our statements of operations data for the years ended December 31, 2023 and 2022:

|                               |     | Year               
 Ended December 31, |    2023 |   |     |   |     2022 |   |     |     |      % 
 Change |    |
|:------------------------------|:----|:-------------------|--------:|:--|:----|:--|---------:|:--|:----|:----|-------:|:---|
| Operating                     
 expenses:                     |     |                    |         |   |     |   |          |   |     |     |        |    |
| Research                      
 and development               |     | $                  |  30,287 |   |     | $ | (114,012 | ) |     |     |  126.6 | %  |
| General                       
 and administrative            |     |                    |  10,432 |   |     |   |   11,000 |   |     |     |   (5.2 | )% |
| Total                         
 operating (recovery) expenses |     |                    |  40,719 |   |     |   | (103,012 | ) |     |