Company: LNAI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001731122-25-001544
Chunk: 0

Company: Lunai Bioworks Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
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The accompanying financial statements
have been prepared in accordance with generally accepted accounting principles for interim financial information and in accordance with
the instructions for Form 10-Q. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting
principles for complete financial statements.

In the opinion of management, the
financial statements contain all material adjustments, consisting only of normal recurring adjustments necessary to present fairly the
financial condition, results of operations, and cash flows of the Company for the interim periods presented.

The results for the period ended
September 30, 2025, are not necessarily indicative of the results of operations for the full year. These financial statements and related
footnotes should be read in conjunction with the financial statements and footnotes thereto included in the Company’s Form 10-K
for the fiscal year ended June 30, 2025, filed with the Securities and Exchange Commission on September 29, 2025.

1

LUNAI BIOWORKS INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

September 30,
 
June 30,

2025
 
2025

 (Unaudited)

ASSETS

CURRENT ASSETS:

Cash
 
$
624,808

$
92,700

Investment in equity securities

—

387,851

Prepaids and other assets

175,552

566,081

Total Current Assets

800,360

1,046,632

Property and equipment, net

12,465

367,843

OTHER ASSETS

Definite life intangible assets, net

17,610

14,994

Software platform, net

129,288

143,000

Trademarks, net

6,082

8,000

Goodwill

5,963,000

5,963,000

Deposits and other assets

31,858

—

Operating lease right-of-use assets

—

687,371

Total Other Assets

6,147,838

6,816,365

TOTAL ASSETS
 
$
6,960,663

$
8,230,840

LIABILITIES

CURRENT LIABILITIES:

Accounts payable – trade
 
$
12,094,428

$
12,555,839

Accrued expenses

4,868,686

5,843,069

Other current liabilities

71,429

378,282

Contingent consideration liability

260,000

630,000