Company: FTII
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001493152-25-004006
Chunk: 43

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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FUTURETECH
II ACQUISITION CORP.

CONDENSED
BALANCE SHEETs

    September 30,  
    December 31, 

    2024  
    2023 

     (unaudited)  

    ASSETS 

    Current Assets: 

    Cash 
    $1,883  
    $17,578 
  
    Prepaid expenses 
     20,250  
     64,043 
  
    Extension fee receivable 
     -  
     125,000 
  
    Due from Sponsor 
     1,540,984  
     1,179,141 
  
    Total Current Assets 
     1,563,117  
     1,385,762 

    Interest Bearing Bank Demand Deposit held in Trust Account 
     26,932,536  
     61,839,164 

    Total Assets 
    $28,495,653  
    $63,224,926 

    LIABILITIES AND STOCKHOLDERS’ DEFICIT 

    Current Liabilities: 

    Accounts payable and accrued expenses 
    $611,188  
    $295,137 
  
    Excise tax payable 
     1,005,209  
     642,389 
  
    Franchise tax payable 
     78,914  
     94,364 
  
    Income tax payable 
     1,053,426  
     1,087,603 
  
    Accrued offering costs 
     2,708  
     2,708 
  
    Note payable - Sponsor 
     3,450,000  
     2,925,000 
  
    Total Current Liabilities 
     6,201,445  
     5,047,201 

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

    Total Liabilities 
     9,651,445  
     8,497,201 

    COMMITMENTS AND CONTINGENCIES (Note 6) 
     -  
     - 

    Class A common stock, $0.0001 par value; 100,000,000 shares authorized; 2,319,435 and 5,556,350 shares subject to possible redemption issued and outstanding shares at