Company: LNAI
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001731122-25-001316
Chunk: 141

Company: Lunai Bioworks Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1A
Chunk 141
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date fair value 

    Common stock 
    $6,058,500 
  
    Total consideration transferred 
    $6,058,500 

The
fair value of the Company’s common shares issued as consideration was based on the closing price of the Company’s common stock
as of the Acquisition Date. 

The
following table details the fair values of the assets acquired and liabilities assumed at the acquisition date:

    Schedule of fair value of assets acquired and
liabilities assumed 

    Cash 
    $(3,822)
  
    Prepaid & Other Assets 
     17,405 
  
    Fixed Assets 
     13,365 
  
    Total Assets Acquired: 
     26,948 

    Accounts Payable 
     975 
  
    Accrued Expenses 
     7,594 
  
    Other Current Liabilities 
     73,879 
  
    Total Liabilities Assumed 
     82,448 
  
    Net Assets Acquired 
     (55,500)
  
    Software 
     143,000 
  
    Trade Name 
     8,000 
  
    Goodwill 
     5,963,000 
  
    Total Consideration 
    $6,058,500 

    F-32

The
goodwill recognized is attributable primarily to expected synergies and the assembled workforce of BioSymetrics. None of the
goodwill is expected to be deductible for income tax purposes.

The fair
values of the acquired tangible and intangible assets were determined using variations of the income approach. The income approach valuation
methodology used for the intangible assets acquired makes use of Level 3 inputs.

Consolidated unaudited pro forma information: 

The following consolidated pro
forma information assumes that the acquisition of BioSymetrics Inc. took place on July 1, 2024 for the statement of operations for the
twelve-month period ended June 30, 2025. These amounts have been estimated after applying the Company’s accounting policies:

    Schedule of consolidated
statements of operations 

    Revenues 
    $663,660 
  
    Net loss 
    $(179,698,700)

The unaudited pro forma results
are presented for informational purposes only and are not necessarily indicative of what the actual results of operations would have been
if the acquisition had occurred at the beginning of the period presented, nor are they indicative of future results of operations.

GEDi Cube Intl Ltd. Acquisition