Company: BIAF
Filing Date: 2025-06-27
Form Type: POS AM
Source: 0001641172-25-016927
Chunk: 199

Company: bioAffinity Technologies, Inc.
Filing Date: 2025-06-27
Form: POS AM
Chunk 199
---
 opinion.

Our audits included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ WithumSmith+Brown, PC

We have served as the Company’s auditor since 2021.

New York, New York

March 31, 2025

PCAOB ID Number 100

| F-15 |

<div align='center'>bioAffinity Technologies, Inc.

Consolidated Balance Sheets

as of December 31, 2024 and 2023</div>

| ASSETS                                                                
 Current assets:                                                       |     | December 
 31,      
 2024     |             |   |     | 2023 |             |   |
|:----------------------------------------------------------------------|:----|:---------|------------:|:--|:----|:-----|------------:|:--|
| Cash                                                                  
 and cash equivalents                                                  |     | $        |   1,105,291 |   |     | $    |   2,821,570 |   |
| Accounts and other                                                    
 receivables, net                                                      |     |          |   1,139,204 |   |     |      |     811,674 |   |
| Inventory                                                             |     |          |      27,608 |   |     |      |      18,484 |   |
| Prepaid                                                               
 expenses and other current assets                                     |     |          |     422,995 |   |     |      |     321,017 |   |
| Total current assets                                                  |     |          |   2,695,098 |   |     |      |   3,972,745 |   |
| Non-current assets:                                                   |     |          |             |   |     |      |             |   |
| Property and equipment,                                               
 net                                                                   |     |          |     375,385 |   |     |      |     458,633 |   |
| Operating lease right-of-use                                          
 asset, net                                                            |     |          |     463,011 |   |     |      |