Company: FTII
Filing Date: 2025-04-09
Form Type: 10-K
Source: 0001641172-25-003384
Chunk: 470

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-04-09
Form: 10-K
Item: Item 1A
Chunk 470
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 31, 

    2024  
    2023 

    ASSETS 

    Current Assets: 

    Cash 
    $56,768  
    $17,578 
  
    Prepaid expenses 
     -  
     64,043 
  
    Due from related party 
     75,000  
     - 
  
    Extension fee receivable 
     -  
     125,000 
  
    Due from Sponsor 
     1,540,984  
     1,179,141 
  
    Due from Sponsor and
    related party 
     1,540,984  
     1,179,141 

    Total Current Assets 
     1,672,752  
     1,385,762 

    Interest Bearing Bank Demand Deposit held in
    Trust Account 
     26,447,350  
     61,839,164 

    Total Assets 
    $28,120,102  
    $63,224,926 

    LIABILITIES AND STOCKHOLDERS’
    DEFICIT 

    Current Liabilities: 

    Accounts payable and accrued expenses 
    $1,148,902  
    $295,137 
  
    Excise tax payable 
     1,170,089  
     642,389 
  
    Franchise tax payable 
     128,914  
     94,364 
  
    Income tax payable 
     299,105  
     1,087,603 
  
    Other Payable 
     17,744,312  
     - 
  
    Promissory Note - Sponsor 
     412,257  
     - 
  
    Accrued offering costs 
     2,708  
     2,708 
  
    Note payable - Sponsor 
     3,537,744  
     2,925,000 
  
    Total Current Liabilities 
     24,444,031  
     5,047,201 

    Deferred underwriting commission 
     3,450,000  
     3,450,000 

    Total
    Liabilities 
     27,894,031  
     8,497,201 

    COMMITMENTS AND CONTINGENCIES
    (Note 6) 
     -