Company: APM
Filing Date: 2025-11-17
Form Type: F-1
Source: 0001213900-25-111548
Chunk: 188

Company: Aptorum Group Ltd
Filing Date: 2025-11-17
Form: F-1
Chunk 188
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329 |

106 General and administrative fees The following table sets forth a summary of our general and administrative expenses for the years ended December 31, 2024, and 2023. The decrease in general and administrative fees was primarily attributable to the streamlining of our operations to focus on preparation for the Yoov Merger, which has since been abandoned.

|                                               |     |   |   Year Ended 
 December 31, 
         2024 |     |   |   Year Ended 
 December 31, 
         2023 |
|:----------------------------------------------|:----|:--|-------------:|:----|:--|-------------:|
| General and Administrative Fees:              |     |   |              |     |   |              |
| Payroll expenses                              |     | $ |      208,348 |     | $ |      893,437 |
| Rent and rates                                |     |   |       97,253 |     |   |      213,701 |
| Travelling expenses                           |     |   |          205 |     |   |       59,874 |
| Amortization and depreciation                 |     |   |        3,480 |     |   |       53,799 |
| Insurance                                     |     |   |      335,616 |     |   |      474,746 |
| Advertising and marketing expenses            |     |   |            - |     |   |       48,982 |
| Write-off of prepayment and other receivables |     |   |        9,782 |     |   |            - |
| Other expenses                                |     |   |       14,802 |     |   |      186,098 |
| Total General and Administrative Fees         |     | $ |      669,486 |     | $ |    1,930,637 |

Legal and professional fees For the years ended December 31, 2024, and 2023, the legal and professional fees were $803,285 and $2,538,161, respectively. The decrease in legal and professional fees was primarily attributed to the lack of non-routine activities that were present in the same period last year, such as the implementation of reverse stock split, and amendments to the memorandum and articles of association. The absence of such non-routine exercises in the current period has resulted in a decrease in legal and professional fees. Other operating expenses For the years ended December 31,