Reverse Recapitalization (Tables)

6 Months Ended

Jun. 30, 2025

Schedule of Common Stock Issued and Outstanding Reverse Recapitalization

The following table presents the number of the Company’s common stock issued and outstanding immediately following the reverse recapitalization:

	Common Stock
Lakeshore’s shares outstanding prior to reverse recapitalization		74,717
Shares issued to private rights		1,172
Conversion of the Lakeshore’s public shares and rights		26,337
Shares issued to service providers		26,718
Shares issued for commitment fee		5,114
Bonus shares issued to investors		5,533
Conversion of NMI’s shares into the Company’s ordinary shares		742,416
Total shares outstanding		882,006

Schedule of Reverse Recapitalization

The following table reconcile the elements of the reverse recapitalization to the unaudited condensed consolidated statements of cash flows and the changes in shareholders’ equity (deficit):

	As of March 11, 2024
Funds held in Lakeshore’s trust account	$	15,067,702
Funds held in Lakeshore’s operating cash account		198
Less: amount paid to redeem public shares of Lakeshore’s ordinary shares		(13,947,723	)
Proceeds from the reverse recapitalization		1,120,177
Less: payments of transaction costs incurred by Lakeshore		(1,044,980	)
Less: repayments of promissory note – related party of Lakeshore’		(75,000	)
Less: notes assumed from Lakeshore		(555,000	)
Less: liability assumed from Lakeshore		(1,547,814	)
Less: transaction costs paid by NMI		(1,230,857	)
Add: receivable assumed from Lakeshore		500,000
Net liabilities assumed from issuance of common stock upon the Merger, balance classified to retained deficit	$	(2,833,474	)