Company: APM
Filing Date: 2025-07-15
Form Type: DRS
Source: 0001213900-25-063899
Chunk: 187

Company: Aptorum Group Ltd
Filing Date: 2025-07-15
Form: DRS
Chunk 187
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, and 2022. The net cash used in operating
activities declined due to the implementation of stringent budgetary control measures, as a result of the Company’s exclusive emphasis
on its lead projects.

Investing activities

Net cash provided by investing
activities amounted to $0.6 million and $2.4 million for the years ended December 31, 2023 and 2022. The decrease in net cash provided
by investing activities was due to the decrease in net cash repayment from loan to related parties by $2.1 million, which was partially
mitigated by a $0.2 million decrease in capital expenditures.

Financing activities

Net cash provided by financing
activities amounted to $4.1 million and $6.6 million for the year ended December 31, 2023 and 2022. The decrease in net cash inflow from
financing activities was primarily a result of the repayment of a bank loan in the amount of $3.0 million and decrease in loan from bank
of $3.0 million, partially mitigated by a $2.0 million increase in loan from a related party, and a $1.6 million increase in proceeds
from issuance of Class A Ordinary Shares.

CAPITAL EXPENDITURES

Our capital expenditures were
$nil, $3,000 and $0.2 million for the years ended December 31, 2024, 2023 and 2022, respectively. These capital expenditures were incurred
primarily for investments in facilities, leasehold improvements, equipment and technology.

COMMITMENTS

The following table sets forth
our contractual obligations as of December 31, 2024.

|                             |     | Payment Due by Period |           |     |           |           |     |             |        |     |            |   |
|                             |     | Total                 |           |     | less than 
 one year  |           |     | One to      
 three years |        |     | Three to   
 five years |   |
|                             |     | US$                   |           |     | US$       |           |     | US$         |        |     | US$        |   |
| Operating lease commitments |     |                       |   122,114 |     |           |    97,541 |     |             | 24,573 |     |            | - |
| Debt obligations            |     |                       | 3,360,000 |     |           | 3