Company: LNAI
Filing Date: 2025-02-19
Form Type: 10-Q
Source: 0001731122-25-000258
Chunk: 0

Company: Lunai Bioworks Inc.
Filing Date: 2025-02-19
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
December 31, 2024, 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, 2024, filed with the Securities and Exchange Commission on October 10, 2024.

1

RENOVARO INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

    December 31, 
    June 30,

    2024 
    2024

    (Unaudited) 

    ASSETS 

    CURRENT ASSETS: 

    Cash 
    $311,764  
    $220,467 
  
    Insurance receivable 
     127,080  
     1,108,247 
  
    Prepaids and other assets 
     1,269,417  
     668,929 
  
    Total Current Assets 
     1,708,261  
     1,997,643 

    Property and equipment, net 
     422,032  
     482,121 

    OTHER ASSETS: 

    Definite life intangible assets, net 
     17,853  
     30,043 
  
    Goodwill 
     107,999,273  
     159,330,161 
  
    Deposits and other assets 
     12,054  
     19,849 
  
    Operating lease right-of-use assets 
     1,180,799  
     1,269,633 
  
    Total Other Assets 
     109,209,979  
     160,649,686 

    TOTAL ASSETS 
    $111,340,272  
    $163,129,450