Company: FTII
Filing Date: 2025-01-14
Form Type: 10-Q/A
Source: 0001493152-25-002175
Chunk: 9

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-01-14
Form: 10-Q/A
Chunk 9
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 |   |     | $           |   (225,000 | ) |     | $        |     48,667 |   |
| Proceeds from Sponsor Note                          |     | $                   |          - |   |     | $           |    225,000 |   |     | $        |    225,000 |   |
| Redemption price                                    |     | $                   |      10.72 |   |     | $           |       0.46 |   |     | $        |      11.18 |   |
| Overpayment of redemption amount included in        
 Due from Sponsor                                    |     | $                   |          - |   |     | $           |    361,843 |   |     | $        |    361,843 |   |

Note 3 - Summary of Significant Accounting Policies

Basis of Presentation

The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X of the Securities and Exchange Commission (the “SEC”). Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a complete presentation of financial position, results of operations, or cash flows.

In the opinion of the Company’s management, the unaudited condensed financial statements as of March 31, 2024 and for the three months ended March 31, 2024 and 2023 include all adjustments, which are only of a normal and recurring nature, necessary for a fair statement of the financial position of the Company as of March 31, 2024 and its results of operations and cash flows for the three months ended March 31, 2024 and 2023. The results of operations for the three months ended March 31, 2024 are not necessarily indicative of the results to be expected for the full fiscal year ending December 31, 2024 or any future interim period.

| F-7 |

FUTURETECH II ACQUISITION CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

(UNAUDITED)

Note 3 - Summary of Significant Accounting Policies (Continued)

Emerging Growth Company

The Company is