LUNGLIFE AI, INC.

• ⚠

  Material uncertainty over going concern

  The Company's projections indicate sufficient funding through to early April 2025, thus the adoption of the going concern basis of accounting in preparing this financial information is considered appropriate. However, the Directors consider that it is reasonably possible that the Company will require additional funding during this period.

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

Crowe U.K. LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Company's projections indicate sufficient funding through to early April 2025, thus the adoption of the going concern basis of accounting in preparing this financial information is considered appropriate. However, the Directors consider that it is reasonably possible that the Company will require additional funding during this period.”

Significant events

• “On 21 March 2024 a special meeting of the Company approved the issue of 5,172,621 new shares of common stock of the Company at a price of 35 pence per share. The new shares represent approximately 16.9 per cent. of the enlarged share capital of the company. The issue of shares raised approximately £1.8 million (approximately US$2.3 million) (before fees and expenses).”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +91.7%

  £17,791 → £34,099

• Cash

  -11.8%

  £2,289,103 → £2,019,274

• Net assets

  -39.8%

  £9,740,549 → £5,865,827

• Employees

  +5.6%

  18 → 19

• Operating profit

  +27.2%

  -£5,737,583 → -£4,174,944

• Profit before tax

  +28.9%

  -£5,635,285 → -£4,007,413

• Wages

  +2.2%

  £1,676,798 → £1,713,862

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers