Company: LNAI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001731122-25-001544
Chunk: 32

Company: Lunai Bioworks Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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edi filed a voluntary
petition seeking a declaration of bankruptcy due to its inability to make payments as they became due. As a result of this, the Company
deconsolidated Gedi Cube B.V. due to the loss of control of the subsidiary during the period ended September 30, 2025. As a result of
the deconsolidation, the Company recognized a gain on the bankruptcy of the subsidiary for $12,019,227 during the period ended September
30, 2025.

Schedule of segment operating loss and
    asset information

Operating loss
 
Assets

United States (RENB)
 
$
2,700,505

$
867,678

United States (BioSymetrics)

273,951

6,092,985

Netherlands (RENC)

333,904

—

$
3,308,360

$
6,960,663

The chief
operating decision maker uses loss from operations to evaluate the performance of each segment’s assets in deciding how to allocate
available capital between segments. The chief operating decision maker also uses loss from operations in their competitive analysis by
benchmarking the Company’s competitors. The competitive analysis along with the monitoring of budgeted versus actual results are
used in assessing the performance of the segment.

    21

Information
regarding each reportable segment for the three months ended September 30, 2025, is as follows:

Schedule of information regarding segment reporting

RENB
 
BioSymetrics
 
RENC
 
Total

General and administrative
 
$
1,822,729

$
253,883

$
333,904

$
2,410,516

Research and development

20,419

3,988

—

24,407

Long-lived asset impairment

831,915

—

—

831,915

Depreciation and amortization

25,442

16,080

—

41,522

Segment operating loss
 
$
2,700,505

$
273,951

$
333,904

3,308,360

Geographic information:

RENB,
BioSymetrics and RENC are managed on a worldwide basis but operate in offices located in the United States and the Netherlands, respectively.
The geographic information analyses the Company’s operations and assets based on the country in which each segment operates. In
presenting this geographic information, segment operating results have been based on the geographic location in which the services were
provided to the segment and segment assets were based on the geographic location of