Company: FTII
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011790
Chunk: 55

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 8
Chunk 55
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The Company considers all
highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. Cash equivalents are carried
at cost, which approximates fair value. The Company had $130,580 in cash and no cash equivalents as of March 31, 2025.

For the three months ended
March 31, 2025, cash used in operating activities was $453,155. The net loss of $289,673 was affected by interest earned on investments
held in the Trust account of $199,826, and changes in operating assets and liabilities provided $36,344 of cash for operating activities.

For the three months ended
March 31, 2024, cash used in operating activities was $282,082. The net income of $129,577 was affected by interest earned on investments
held in the Trust account of $536,343, and changes in operating assets and liabilities provided $124,684 of cash for operating activities.

For the three months ended
March 31, 2025, cash provided by investing activities was $17,626,596 due to cash withdrawn from the Trust Account of $17,739,829, partially
offset by cash deposited into the Trust Account of $113,233.

For the three months ended
March 31, 2024, cash provided by investing activities was $36,273,240 due to cash withdrawn from the Trust Account of $36,498,240 and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 $350,000
and $125,000 cash in transit to the trust.

For the three months ended
March 31, 2025, cash used in financing activities was $17,099,629 due to $17,400,674 in cash paid for redemptions, partially offset by
proceeds from issuance of debt – related party of $301,045.

For the three months ended
March 31, 2024, cash used in financing activities was $36,008,323 due to $36,281,990 in cash paid for redemptions, partially offset by
$48,667 in capital contributions from the Sponsor and $225,000 in proceeds from Sponsor note.

Off-Balance Sheet Financing Arrangements

We have no obligations, assets
or liabilities, which would be considered off-balance sheet arrangements as of March 31,