Company: NDRA
Filing Date: 2025-04-07
Form Type: 10-K/A
Source: 0001654954-25-003937
Chunk: 5

Company: ENDRA Life Sciences Inc.
Filing Date: 2025-04-07
Form: 10-K/A
Chunk 5
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 especially challenging, subjective or complex judgments.

We determined that there are no critical audit matters.

/s/ RBSM LLP

We have served as the Company’s auditor since 2015.

March 31, 2025

PCAOB ID Number 587

| F-1 |

<div align='center'>ENDRA Life Sciences Inc.

Consolidated Balance Sheets</div>

| Assets                                                                                                                                            
 Current Assets                                                                                                                                    |     | December 31, 
 2024         |              |   |     | December 31, 
 2023         |             |   |
|:--------------------------------------------------------------------------------------------------------------------------------------------------|:----|:-------------|-------------:|:--|:----|:-------------|------------:|:--|
| Cash                                                                                                                                              |     | $            |    3,229,480 |   |     | $            |   2,833,907 |   |
| Prepaid expenses                                                                                                                                  |     |              |      204,185 |   |     |              |     198,905 |   |
| Total Current Assets                                                                                                                              |     |              |    3,433,665 |   |     |              |   3,032,812 |   |
| Non-Current Assets                                                                                                                                |     |              |              |   |     |              |             |   |
| Inventory                                                                                                                                         |     |              |            - |   |     |              |   2,622,865 |   |
| Fixed assets, net                                                                                                                                 |     |              |       69,281 |   |     |              |     111,782 |   |
| Right of use assets                                                                                                                               |     |              |      578,013 |   |     |              |     354,091 |   |
| Prepaid expenses, long term                                                                                                                       |     |              |      365,417 |   |     |              |     626,610 |   |
| Other assets                                                                                                                                      |     |              |        5,986 |   |     |              |       5,986 |   |
| Total Assets                                                                                                                                      |     | $            |    4,452,362 |   |     | $            |   6,754,146 |   |
| Liabilities and Stockholders’ Equity                                                                                                              |     |              |              |   |     |              |             |   |
| Current Liabilities                                                                                                                               |     |              |              |   |     |              |