Company: NDRA
Filing Date: 2025-04-07
Form Type: 10-K/A
Source: 0001654954-25-003937
Chunk: 13

Company: ENDRA Life Sciences Inc.
Filing Date: 2025-04-07
Form: 10-K/A
Chunk 13
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2024 |   |     |   | December 31,2023 |   |
|:---------------------------------------------|:----|:--|-----------------:|:--|:----|:--|-----------------:|:--|
| Property, leasehold and capitalized software |     | $ |          579,954 |   |     | $ |          587,030 |   |
| TAEUS development and testing                |     |   |          125,151 |   |     |   |          125,151 |   |
| Accumulated depreciation                     |     |   |         (635,824 | ) |     |   |         (600,399 | ) |
| Fixed assets, net                            |     | $ |           69,281 |   |     | $ |          111,782 |   |

Depreciation expense for the years ended December 31, 2024 and 2023 was $ and $, respectively.

Note 5 - Accounts Payable and Accrued Liabilities

As of December 31, 2024 and 2023, current liabilities consisted of the following:

|                             |     |   | December 31,2024 |     |   | December 31,2023 |
|:----------------------------|:----|:--|-----------------:|:----|:--|-----------------:|
| Accounts payable            |     | $ |          269,683 |     | $ |          360,401 |
| Accrued payroll             |     |   |           63,140 |     |   |          150,293 |
| Accrued bonuses             |     |   |                - |     |   |           35,518 |
| Accrued employee benefits   |     |   |            5,750 |     |   |            5,750 |
| Insurance premium financing |     |   |          169,720 |     |   |          148,792 |
| Total                       |     | $ |          508,293 |     | $ |          700,754 |

| F-8 |

Note 6 - Bank Loans

Toronto-Dominion Bank Loan

On April 27, 2020, the Company entered into a commitment loan with TD Bank under the Canadian Emergency Business Account, in the principal aggregate amount of CAD , due and payable upon the expiration of the initial term on December 31, 2022, which