Company: NDRA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001654954-25-003612
Chunk: 796

Company: ENDRA Life Sciences Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7
Chunk 796
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 payment equal to 24 months of continued healthcare coverage if such termination occurs within one year following a change in control).              Under his employment agreement, Mr. Thornton is eligible to receive benefits that are substantially similar to those of the Company’s other senior executive officers.                                                                                           Richard Jacroux - On August 7, 2024, the Company’s Board of Directors appointed Richard Jacroux as Chief Financial Officer. Mr. Jacroux works in a part-time capacity for the Company through Impact Solve, LLC (dba Impact Solutions) an accounting and chief financial officer service firm. The Company pays Impact Solutions a base monthly fee of $8,650 plus expenses in respect of his services to the Company and any hours worked in excess of 20 hours per week are paid at a rate of $150 per hour                   Litigation From time to time the Company may become a party to litigation in the normal course of business. As of December 31, 2024, there were no legal matters that management believes would have a material effect on the Company’s financial position or results of operations.

Note 12 - Income Taxes The components of earnings before income taxes for the years ended December 31, 2024 and 2023 were as follows:                  For the Years Ended December 31, Income (loss) before income taxes 2024  2023        Domestic  (10,434,147)  (8,466,950)Foreign  (1,073,700)  (1,593,300)Total income (loss) before income taxes $(11,507,947) $(10,060,250)

 F-16 

Income tax provision (benefit) consists of the following for the years ended December 31, 2024 and 2023: Income tax provision (benefit):  For the Years Ended December 31, Current 2024  2023 Federal   -   - State  -   - Foreign  -   - Total Current  -   - Deferred        Federal  -   - State   -   - Foreign   -   - Total Deferred  -   -          Total income tax provision (benefit) $-  $-