Company: FTII
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001641172-25-025250
Chunk: 89

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-08-22
Form: 10-Q
Item: Item 2
Chunk 89
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 equivalents as of June 30,
2025.

For
the six months ended June 30, 2025, cash used in operating activities was $1,187,204. The net loss of $370,320 was affected by interest
earned on investments held in the Trust account of $272,304, and changes in operating assets and liabilities used $544,580 of cash for
operating activities.

For
the six months ended June 30, 2024, cash used in operating activities was $591,410. The net income of $85,119 was affected by interest
earned on investments held in the trust account of $819,427, and changes in operating assets and liabilities provided $142,898 of cash
for operating activities.

For
the six months ended June 30, 2025, cash provided by investing activities was $17,585,764 due to cash withdrawn from the Trust Account
of $17,822,230, partially offset by cash deposited into the Trust Account of $236,466

For
the six months ended June 30, 2024, cash provided by investing activities was $36,123,240 due to cash withdrawn from the Trust Account
of $36,498,240 and cash that was in transit to the Trust Account as of December 31, 2023, partially offset by cash deposited into the
Trust Account of $500,000 and $125,000 cash in transit to the trust.

For
the six months ended June 30, 2025, cash used in financing activities was $16,294,605 due to $17,400,674 in cash paid for redemptions,
partially offset by proceeds from Transfer Agent of $695,024 and proceeds from issuance of debt – related party of $411,045.

For
the six months ended June 30, 2024, cash provided by financing activities was $35,548,932 due to $36,281,990 in cash paid for redemptions,
partially offset by $358,058 in capital contributions from the Sponsor and proceeds from issuance of debt – related party of $375,000.

Off-Balance
Sheet Financing Arrangements

We
have no obligations, assets or liabilities, which would be considered off-balance sheet arrangements as of June 30, 2025. We do not participate
in transactions that create relationships with unconsolidated entities or financial partnerships, often referred to as variable interest
entities, which