Company: FTII
Filing Date: 2025-01-14
Form Type: 10-Q/A
Source: 0001493152-25-002175
Chunk: 14

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-01-14
Form: 10-Q/A
Chunk 14
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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 earnings per share is the same as basic earnings per share for the periods presented.

| F-9 |

FUTURETECH II ACQUISITION CORP.

NOTES TO FINANCIAL STATEMENTS

Note 3 - 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

|                                               |     | Redeemable   
 Three Months 
 Ended        |    March 
 31, 2024 |   |     | Non-redeemable |          |   |     | Redeemable   
 Three Months 
 Ended        |     March 
  31, 2023 |   |     | Non-redeemable |          |   |
|:----------------------------------------------|:----|:-------------|---------:|:--|:----|:---------------|:---------|:--|:----|:-------------|----------:|:--|:----|:---------------|:---------|:--|
|                                               |     | Redeemable   |          |   |     | Non-redeemable |          |   |     | Redeemable   |           |   |     | Non-redeemable |          |   |
| Basic and diluted net income (loss)           
 per share of common stock Numerator: Interest |     | $            |  536,343 |   |     | $              | -        |   |     | $            | 1,288,498 |   |     | $              | -        |   |
| Less: Allocation of expenses                  |     |              | (214,607 | ) |     |                | (192,159 | ) |     |              |  (368,679 | ) |     |