Company: FTII
Filing Date: 2025-01-21
Form Type: 10-Q/A
Source: 0001493152-25-003104
Chunk: 18

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-01-21
Form: 10-Q/A
Chunk 18
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 |     | $                |       819,427 |   |     | $              | -        |   |     | $                |     2,756,883 |   |     | $              | -        |   |
| Less: Allocation of expenses                                                      |     |                  |      (344,475 | ) |     |                | (389,794 | ) |     |                  |      (852,889 | ) |     |                | (260,322 | ) |
| Less: Accretion of carrying value to redemption value                             |     |                  |      (649,442 | ) |     |                | -        |   |     |                  |             - |   |     |                | -        |   |
| Total                                                                             |     | $                |      (174,490 | ) |     | $              | (389,794 | ) |     | $                |     1,903,994 |   |     | $              | (260,322 | ) |
| Basic and diluted net income (loss) per share of common stock                     |     | $                |         (0.06 | ) |     | $              | (0.11    | ) |     | $                |          0.17 |   |     | $              | (0.07    | ) |

Fair Value of Financial Instruments

The fair value is defined as the price that would be received for sale of an asset or paid for transfer of a liability, in an orderly transaction between market participants at the measurement date. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include:

● Level 1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets. This is the level that the Marketable Securities Held in Trust Account are considered (being $ 26,660,351and $ 61,839,164as of June 30, 2024 and December 31, 2023, respectively);

● Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and

●