Company: BIAF
Filing Date: 2025-06-27
Form Type: POS AM
Source: 0001641172-25-016923
Chunk: 196

Company: bioAffinity Technologies, Inc.
Filing Date: 2025-06-27
Form: POS AM
Chunk 196
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angible assets and their respective useful lives are as follows: trade names and trademarks ( 18years) and customer relationships ( 14years). Intangible assets, net of accumulated 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