Company: BIAF
Filing Date: 2025-06-27
Form Type: POS AM
Source: 0001641172-25-016923
Chunk: 180

Company: bioAffinity Technologies, Inc.
Filing Date: 2025-06-27
Form: POS AM
Chunk 180
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olla for $33,620
with a maturity date of February 18, 2030. The loan bears fixed interest at a rate of 5.99%
per annum, with monthly payments of $467,
which is comprised of principal and interest. This loan is collateralized by the underlying vehicle. The balance of this loan as of March
31, 2025, and December 31, 2024, was $23,815
and $24,849,
respectively. The current portion of the balance of this loan as of March 31, 2025, and December 31, 2024, was $4,294
and $5,603,
respectively.

Directors and Officers Insurance Policy – 2024

In September 2024, the Company obtained
short-term financing of approximately $260,000
with 11 monthly payments of approximately $24,000
and interest at a 6.7%
fixed annual rate for director and officer insurance policies The current portion of the balance of this loan as of March 31, 2025, and
December 31, 2024, was $96,225
and $167,000,
respectively.

Note 11. COMMITMENTS AND CONTINGENCIES

Legal Matters

From time to time, the Company is
involved in various disputes and litigation matters that arise in the ordinary course of business. To date, the Company has no material
pending legal proceedings.

Note 12. COMMON STOCK

Common Stock

The Company has authorized a total
of 100,000,000 shares of Common
Stock, $0.007 par value
per share. On June 4, 2024, the Company received stockholder approval to increase the number of authorized shares of Common Stock from
25,000,000 shares to 100,000,000
shares, and on June 5, 2024, the Company filed an amendment to its Certificate of Incorporation with the Secretary of State of the State
of Delaware to effect the increase. The Company has issued 18,255,825
shares of Common Stock, of which 430,474
are unvested restricted stock awards as of March 31, 2025, and 15,576,674
shares of Common Stock, of which 349,057
are unvested restricted stock awards as of December 31, 2024.

Note 13. STOCK-BASED COMPENSATION

The