Company: LNAI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001731122-25-001544
Chunk: 83

Company: Lunai Bioworks Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 83
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during the quarter ended September 30, 2025. At September 30, 2025, the Company had zero unrecognized compensation cost related to the
options which fully vested on August 23, 2025.

    20

NOTE 9 — SEGMENT REPORTING

For the period ending September
30, 2025, the Company had three reportable segments. These segments have different strategic and economic goals and are managed separately
because they require different technology and marketing strategies.

    Reportable Segment
     
    Description 
  
    RENB
     
    Developing new immunotherapies to combat cancer 
  
    BioSymetrics
     
    Integrating multimodal data sources, including genomics, imaging, electronic health records, and other real-world evidence, to advance biomarker discovery, therapeutic development, and precision medicine.
  
    RENC
     
    Developing a predicative artificial intelligence based diagnostic methodology for the use of earlier cancer detection 

The Company’s
chief executive officer is the chief operating decision maker and reviews the internal management reports for each segment at least quarterly.
During the period ending September 30, 2025, there were no significant inter-company revenues or expenses. The chief operating decision
maker assesses performance for each segment and decides how to allocate resources based on segment operating losses that also is reported
on the consolidated statement of operations. The measure of 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.

On September
2, 2025, the Court of Amsterdam (the “Court”) declared bankrupt Gedi Cube B.V. (“Gedi”), an indirect subsidiary
of Lunai Bioworks, Inc. (“Lunai”), and appointed Mr. M.M. Dellebeke as the receiver in the bankruptcy. Gedi filed a voluntary
petition seeking a declaration of bankruptcy due to its inability to make payments as they became due. As a result of this, the Company
deconsolidated Gedi Cube B.V. due to the loss of control of the subsidiary during the period ended September 30, 2025. As a result of
the deconsolidation, the Company recognized a gain on the bankruptcy of the subsidiary for $12,019,227 during the period ended September
30, 2025.

Schedule of segment operating loss and
    asset information

Operating loss
 
Assets

United States (RENB)