Company: LNAI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001731122-25-001544
Chunk: 62

Company: Lunai Bioworks Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 62
---

115.5% - 143.3%

Risk Free Rate

3.54% - 3.94%

Expected Dividends

0
%

Expected Term (years)

2.45 – 8.13

The following table sets forth the Level 3 liability
at September 30, 2025, which is recorded on the consolidated balance sheet at fair value on a recurring basis. As required, this liability
is classified based on the lowest level of input that is significant to the fair value measurement:

Schedule of fair value measurement on recurring basis

Fair Value Measurements at
                                                                                  Reporting Date Using

Quoted Prices in  Active Markets for Identical Assets Inputs
 
Significant Other  Observable Inputs
 
Significant Other Unobservable Inputs

(Level 1)
 
(Level 2)
 
(Level 3)

The roll forward of the contingent consideration liability is as follows:

Balance June 30, 2025

—

—

$
630,000

Fair value adjustment

—

—

(370,000
)

Contingent Consideration Liability at September 30, 2025

—

—

$
260,000

NOTE 4 — INTANGIBLE ASSETS AND GOODWILL

On April 8, 2025, the Company acquired
Biosymetrics, Inc. as a wholly owned subsidiary pursuant to a stock purchase agreement. As part of the acquisition of Biosymetrics,
Inc., the Company acquired goodwill valued at $5,963,500, software valued at $143,000 and Trademark valued at $8,000.

    10

At September 30, 2025 and June
30, 2025, definite-life and indefinite-life intangible assets consisted of the following:

Schedule of definite-life
and indefinite-life intangible assets

Useful Life
 
June 30, 2025
 
 Additions
 
 Amortization
 
 Impairment
 
Translation Adjustment
 
September 30, 2025

Definite Life Intangible Assets

Software platform
 
5 Years
 
$
143,000

$
—

$
(13,712
)
 
$
—

$
—

$
129,288

Trademark
 
2 Years
 
$
8,000

$
—

$
(1,918
)
 
$
—

$
—

$
6,082

Patents
 
20 Years
 
$
313,010

$
—

$
—

$
—

$
(1,093
)
 
$
311,917