Company: BIAF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024163
Chunk: 18

Company: bioAffinity Technologies, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 18
---
     5,194 
  
    Other receivables 
     19,516  
     27,874 
  
    Total accounts and other receivables, net 
    $421,869  
    $1,139,204 

Note
4. PREPAID EXPENSES AND OTHER CURRENT ASSETS

Prepaid
expenses and other current assets are summarized below:

SCHEDULE OF PREPAID EXPENSES AND OTHER CURRENT ASSETS

    June 30, 2025  
    December 31, 2024 

    Prepaid insurance 
    $141,183  
    $248,364 
  
    Legal and professional 
     28,323  
     27,448 
  
    Other 
     230,645  
     147,183 
  
    Total prepaid expenses and other current assets 
    $400,151  
    $422,995 

    13

Note
5. PROPERTY AND EQUIPMENT, NET

Property
and equipment are summarized below:

SCHEDULE OF PROPERTY AND EQUIPMENT 

    June 30, 2025  
    December 31, 2024 

    Lab equipment 
    $679,995  
    $662,747 
  
    Computers and software 
     81,433  
     81,433 
  
    Leasehold improvements 
     32,781  
     19,353 
  
    Vehicles 
     181,640  
     148,103 
  
    Property and equipment, gross 
     975,849  
     911,636 
  
    Accumulated depreciation 
     (624,481) 
     (536,251)
  
    Total property and equipment, net 
    $351,368  
    $375,385 

Depreciation
expense was $88,231 and $79,054 for the six months ended June 30, 2025 and 2024, respectively, and $44,468 and $40,243 for the three
months ended June 30, 2025 and 2024, respectively.

Note
6. ACCRUED EXPENSES

Accrued
expenses are summarized below:

SCHEDULE OF ACCRUED EXPENSES 

    June
    30, 2025

    December
    31, 2024

    Compensation
     
    $
    776,