Company: NDRA
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110887
Chunk: 40

Company: ENDRA Life Sciences Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 40
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To remediate the material weakness, management
intends to implement the following measures during 2025, as the Company’s resources and financial means allow:

    ●
    Add additional accounting personnel or outside consultants to properly segregate duties and to effect timely, accurate preparation of the financial statements; and

    ●
    Continue the development of adequate written accounting policies and procedures.

The additional hiring is contingent upon our efforts
to obtain additional funding and the results of our operations.

Changes in Internal Control over Financial
Reporting

There were no changes to our internal control
over financial reporting or in other factors that could affect these controls during the three months ended September 30, 2025 that has
materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

21

PART II - OTHER INFORMATION

Item 1. Legal Proceedings

We are not currently a party to any pending legal
proceedings that we believe will have a material adverse effect on our business or financial condition. We may, however, be subject to
various claims and legal actions arising in the ordinary course of business from time to time.

Item 1A. Risk Factors

In addition to the other information set forth
in this report, you should carefully consider the factors discussed in this section and under “Risk Factors” in our Annual
Report on Form 10-K for the period ended December 31, 2024, as filed with the Securities and Exchange Commission on March 31, 2025. These
factors could materially adversely affect our business, financial condition, liquidity, results of operations and capital position, and
could cause our actual results to differ materially from our historical results or the results contemplated by any forward-looking statements
contained in this report.

There have been no material changes to our Risk
Factors as therein previously reported, except as noted below:

Risks Related to Cryptocurrency

Absent federal regulations, there is a possibility that certain
cryptocurrencies may be classified as “securities.” Any classification of a cryptocurrency as a “security” would
subject us to additional regulation and could materially impact the operation of our business.

Cryptocurrency refers to digital assets that are issued by and transmitted
through an open-source protocol, collectively maintained by a peer-to-peer network of decentralized user nodes. We believe that digital
assets intrinsically linked to a blockchain system, and the value of which is derived from or is reasonably expected to be derived from
the use of the blockchain system, such as H