Company: LNAI
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001731122-25-001316
Chunk: 955

Company: Lunai Bioworks Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 8
Chunk 955
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     26,948 

    Accounts Payable 
     975 
  
    Accrued Expenses 
     7,594 
  
    Other Current Liabilities 
     73,879 
  
    Total Liabilities Assumed 
     82,448 
  
    Net Assets Acquired 
     (55,500)
  
    Software 
     143,000 
  
    Trade Name 
     8,000 
  
    Goodwill 
     5,963,000 
  
    Total Consideration 
    $6,058,500 

    F-32

The
goodwill recognized is attributable primarily to expected synergies and the assembled workforce of BioSymetrics. None of the
goodwill is expected to be deductible for income tax purposes.

The fair
values of the acquired tangible and intangible assets were determined using variations of the income approach. The income approach valuation
methodology used for the intangible assets acquired makes use of Level 3 inputs.

Consolidated unaudited pro forma information: 

The following consolidated pro
forma information assumes that the acquisition of BioSymetrics Inc. took place on July 1, 2024 for the statement of operations for the
twelve-month period ended June 30, 2025. These amounts have been estimated after applying the Company’s accounting policies:

    Schedule of consolidated
statements of operations 

    Revenues 
    $663,660 
  
    Net loss 
    $(179,698,700)

The unaudited pro forma results
are presented for informational purposes only and are not necessarily indicative of what the actual results of operations would have been
if the acquisition had occurred at the beginning of the period presented, nor are they indicative of future results of operations.

GEDi Cube Intl Ltd. Acquisition:

On September
28, 2023, the Company, entered into a Stock Purchase Agreement (the “Purchase Agreement”) with GEDi Cube Intl Ltd.,
a private company formed under the laws of England and Wales (“GEDi Cube”) to acquire 100% of the equity interests
of GEDi Cube from its equity holders (the “Sellers”). On September 28, 2023, the Board of Directors of the Company,
and the board of managers of GEDi Cube unanimously approved the Purchase Agreement and on January 25, 2024, the shareholders of the Company
approved the issuance of the shares of Common Stock pursuant to the Purchase Agreement. On February 13,