Company: LNAI
Filing Date: 2025-02-19
Form Type: 10-K/A
Source: 0001731122-25-000252
Chunk: 182

Company: Lunai Bioworks Inc.
Filing Date: 2025-02-19
Form: 10-K/A
Chunk 182
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 segment assets is reported on the balance sheet as total consolidated assets.
The accounting policies of each segment are the same as those described in the summary of significant accounting policies.

| Schedule of segment operating loss and 
 asset information                      |     | Operating loss |            |     | Assets |             |
|:---------------------------------------|:----|:---------------|-----------:|:----|:-------|------------:|
| United States                          |     | $              | 80,470,579 |     | $      |   2,998,311 |
| Netherlands                            |     |                |  1,168,717 |     |        | 160,131,139 |
|                                        |     | $              | 81,639,296 |     | $      | 163,129,450 |

The chief
operating decision maker uses loss from operations to evaluate the performance of each segment’s assets in deciding how to allocate
available capital between segments. The chief operating decision maker also uses loss from operations in their competitive analysis by
benchmarking the Company’s competitors. The competitive analysis along with the monitoring of budgeted versus actual results are
used in assessing the performance of the segment.

Information
regarding each reportable segment for the year ended June 30, 2024 is as follows:

| Schedule of information regarding segment reporting |     | RENB |            |     | RENC |           |     | Total |            |
|:----------------------------------------------------|:----|:-----|-----------:|:----|:-----|----------:|:----|:------|-----------:|
| General and administrative                          |     | $    | 23,449,158 |     | $    | 1,108,450 |     | $     | 24,557,608 |
| Research and development                            |     |      |  2,651,971 |     |      |    56,858 |     |       |  2,708,829 |
| Intangible asset impairment                         |     |      | 42,611,000 |     |      |         — |     |       | 42,611,000 |
| Goodwill impairment                                 |     |      | 11,640,000 |     |      |         — |     |       | 11,640,000 |
| Depreciation and amortization                       |     |      |    118,450 |     |      |     3,409 |     |