Company: CERO
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001213900-25-079898
Chunk: 31

Company: CERO THERAPEUTICS HOLDINGS, INC.
Filing Date: 2025-08-22
Form: 10-Q
Item: Item 1
Chunk 31
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ating lease liability for the operating lease was recorded in the consolidated balance sheets as follows:

     June 30,   December 31,      2025   2024      (Successor)   (Successor)   Operating lease liabilities, current  $934,310   $876,392   Operating lease liabilities, non-current   218,308    699,107   Total operating lease liabilities  $1,152,618   $1,575,499                Weighted-average remaining lease term of operating leases (in years)   1.25    1.75   Weighted-average discount rate for operating leases   9.60%   9.60% 

The
following table reconciles the undiscounted future minimum lease payments under the non-cancelable operating lease with terms of more
than one year to the total operating lease liabilities recognized on the Company’s balance sheet as of June 30, 2025:

Maturity
of the Company’s lease liabilities as of June 30, 2025 is as follows:

    2025 (remainder of year) 
    $499,929 
  
    2026 
     726,394 
  
    Total lease payments 
     1,226,323 
  
    Less: imputed interest 
     (73,705)
  
    Total lease liabilities 
    $1,152,618 

NOTE
8 – STOCKHOLDERS’ DEFICIT

Successor
Series A Convertible Preferred Stock

The
Company designated 12,580 shares of its authorized preferred stock as the Series A Preferred Stock and the rights, preferences and privileges
of the Series A Preferred Stock are summarized below.

Each share of Series A Preferred Stock has a stated value of $1,000
per share and, when issued, the Series A Preferred Stock was fully paid and non-assessable. The Series A Preferred Stock, ranks senior
to all other Company capital stock unless required holder votes are obtained to create a class of stock senior to Series A Preferred Stock.
The requisite holders of Series A Preferred Stock consented to the issuance of the Series C Preferred Stock and Series D Preferred Stock,
each as described below, which ranks senior to the Series A Preferred Stock and Series B Preferred Stock.

15

Dividend
and Participation Rights: The holders of Series A Preferred Stock will be entitled to dividends, on