Company: LNAI
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001731122-25-001316
Chunk: 294

Company: Lunai Bioworks Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 2
Chunk 294
---
     1,153,768  
     (1,108,247)
  
    Prepaid
    expenses/deposits 
     1,143,293  
     1,082,267 
  
    Accounts
    payable 
     3,106,181  
     4,057,282 
  
    Other
    current liabilities 
     (26,477) 
     — 
  
    Operating
    leases, net 
     (16,086) 
     11,284 
  
    Accrued
    expenses 
     499,330  
     4,769,268 
  
    NET
    CASH USED IN OPERATING ACTIVITIES 
     (7,874,647) 
     (10,971,430)

    CASH
    FLOWS FROM INVESTING ACTIVITIES: 

    Investment
    in equity securities 
     (500,000) 
     — 
  
    Notes
    receivable prior to acquisition 
     —  
     (1,255,600)
  
    Cash
    received from acquisition, net 
     —  
     65,851 
  
    Purchase
    of property and equipment 
     —  
     (70,430)
  
    NET
    CASH USED IN INVESTING ACTIVITIES 
     (500,000) 
     (1,260,179)

    CASH
    FLOWS FROM FINANCING ACTIVITIES: 

    Repayments
    of finance agreement 
     (971,231) 
     (870,073)
  
    Proceeds
    from exercise of warrants 
     —  
     341,865 
  
    Proceeds
    from private placements 
     2,376,181  
     3,000,000 
  
    Proceeds
    from issuance of promissory notes 
     —  
     3,770,512 
  
    Proceeds
    from notes payable 
     6,977,822  
     4,275,151 
  
    NET
    CASH PROVIDED BY FINANCING ACTIVITIES 
     8,382,772  
     10,517,455 

     Effect
    of exchange rates on cash 
     (135,892)