Company: BIAF
Filing Date: 2025-05-07
Form Type: 424B4
Source: 0001641172-25-008977
Chunk: 200

Company: bioAffinity Technologies, Inc.
Filing Date: 2025-05-07
Form: 424B4
Chunk 200
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 amortization, are summarized as follows as of December 31, 2024 and 2023:

SCHEDULE OF INTANGIBLE ASSETS

| Cost                       |     | 2024         
 December 31, 
 2024         |           |   |     | 2023 
 2023 |           |   |
|:---------------------------|:----|:-------------|----------:|:--|:----|:-----|----------:|:--|
| Goodwill                   |     | $            | 1,404,486 |   |     | $    | 1,404,486 |   |
| Trade names and trademarks |     |              |   150,000 |   |     |      |   150,000 |   |
| Customer relationships     |     |              |   700,000 |   |     |      |   700,000 |   |
| Cost                       |     |              | 2,254,486 |   |     |      | 2,254,486 |   |
| Accumulated amortization   |     |              |           |   |     |      |           |   |
| Goodwill                   |     |              |         — |   |     |      |         — |   |
| Trade names and trademarks |     |              |   (10,694 | ) |     |      |    (2,361 | ) |
| Customer relationships     |     |              |   (64,167 | ) |     |      |   (14,167 | ) |
| Accumulated amortization   |     |              |   (74,861 | ) |     |      |   (16,528 | ) |
| Intangible assets, net     |     | $            | 2,179,625 |   |     | $    | 2,237,958 |   |

For the year ended December 31, 2024, amortization of intangible assets totaled $58,333 compared to $16,528 in the prior year comparative period.

Goodwill is reviewed annually for impairment in accordance with ASC 350 - Intangibles – Goodwill and Other, and intangible assets are reviewed annually for impairment in accordance with ASC 360
unless circumstances dictate the need for more frequent assessment. The Company elected to perform a quantitative impairment analysis
as of December 31, 2024. The annual quantitative assessment of the intangible assets was performed utilizing a discounted cash flow