Company: FTII
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001493152-25-004006
Chunk: 119

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 8
Chunk 119
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arrants meet the criteria for equity treatment and as such will be recorded in stockholders’
deficit. If the warrants no longer meet the criteria for equity treatment, they will be recorded as a liability and remeasured each period
with changes recorded in the unaudited condensed statement of operations.

Net
Income (Loss) Per Share

Net
income (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding
during the period. The Company applies the two-class method in calculating earnings per share. Earnings and losses are shared pro rata
between the two classes of shares. The calculation of diluted income (loss) per share of common stock does not consider the effect of
the warrants issued in connection with the (i) Initial Public Offering and (ii) sale of the Private Placement Units, because the warrants
are contingently exercisable, and the contingencies have not yet been met. As a result, diluted income (loss)per share is the same as
basic income (loss) per share for the periods presented.

    F-10

Note
2 - Summary of Significant Accounting Policies (Continued)

The
following table reflects the calculation of basic and diluted net income (loss) per share (in dollars, except per share amounts):

Schedule of Basic and Diluted Net Income (Loss) Per Common Share

    Three Months Ended  
    Three Months Ended 

    September 30, 2024  
    September 30, 2023 

    Redeemable  
    Non-redeemable  
    Redeemable  
    Non-redeemable 
  
    Basic and diluted net income (loss) per share of common stock Numerator: Interest 
    $287,584  
    $-  
    $1,232,507  
    $- 
  
    Less: Allocation of expenses 
     (163,413) 
     (247,298) 
     (406,478) 
     (164,803)
  
    Less: Accretion of carrying value to redemption value 
     (649,442) 
     -  
     -  
     - 
  
    Total 
    $(525,271) 
    $(247,298) 
    $826,029  
    $(164,803)
  
    Basic and diluted net income (loss) per share of common stock 
    $(