Company: FTII
Filing Date: 2025-02-14
Form Type: S-4
Source: 0001493152-25-006997
Chunk: 439

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-02-14
Form: S-4
Chunk 439
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 $0.1 million decrease in stock-based compensation due to all options being fully vested in the first quarter of 2023.

General and Administrative

General and administrative expenses increased from the nine months ended September 30, 2023 to the nine months ended September 30, 2024. The 10.3% increase is due to an increase in compensation due to a one-time bonus paid to the Chief Executive Officer.

Total Other Income

Total other income remained constant at $1.1 million in the nine months ended September 30, 2023 and September 30, 2024. The total other income is the management services agreement income from Longevity Biomedical, Inc. offset by other expense for interest due on outstanding notes.

Comparison of the years ended December 31, 2023 and December 31, 2022

The following table presents our statements of operations data for the years ended December 31, 2023 and 2022:

|                    |     | Year               
 Ended December 31, |       2023 |   |     |   |       2022 |   |     |     |      % 
 Change |    |
|:-------------------|:----|:-------------------|-----------:|:--|:----|:--|-----------:|:--|:----|:----|-------:|:---|
| Operating          
 expenses:          |     |                    |            |   |     |   |            |   |     |     |        |    |
| Research           
 and development    |     | $                  |    724,320 |   |     | $ |  1,032,224 |   |     |     |  (29.8 | )% |
| General            
 and administrative |     |                    |    686,212 |   |     |   |    747,166 |   |     |     |   (8.2 | )% |
| Total              
 operating expenses |     |                    |  1,410,532 |   |     |   |  1,779,390 |   |     |     |  (20.7 | )% |
| Operating          
 loss               |     | $                  | (1,410,532 | ) |     | $ | (1,779,390 | ) |     |     |        |    |
| Total              
 other income       |     |                    | (1,335,000 | ) |