Company: FTII
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001493152-25-004006
Chunk: 120

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 8
Chunk 120
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0.23) 
    $(0.07) 
    $0.10  
    $(0.05)

    Nine Months Ended  
    Nine Months Ended 

    September 30, 2024  
    September 30, 2023 

    Redeemable  
    Non-redeemable  
    Redeemable  
    Non-redeemable 
  
    Basic and diluted net income (loss) per share of common stock Numerator: Interest 
    $1,107,012  
    $-  
    $3,989,390  
    $- 
  
    Less: Allocation of expenses 
     (513,195) 
     (631,822) 
     (1,263,723) 
     (420,768)
  
    Less: Accretion of carrying value to redemption value 
     (649,442) 
     -  
     -  
     - 
  
    Total 
    $(55,625) 
    $(631,822) 
    $2,725,667  
    $(420,768)
  
    Basic and diluted net income (loss) per share of common stock 
    $(0.02) 
    $(0.18) 
    $0.26  
    $(0.12)

Fair
Value of Financial Instruments

The
fair value is defined as the price that would be received for sale of an asset or paid for transfer of a liability, in an orderly transaction
between market participants at the measurement date. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs
used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets
or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include:

●
Level 1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets. This is the level
that the Interest Bearing Bank Demand Deposit Account Held in Trust Account are considered (being $26,932,536 and $61,839,164 as of September 30, 2024 and December
31, 2023, respectively);

●
Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted
prices for similar instruments in active markets or quoted prices