Company: BIAF
Filing Date: 2025-06-27
Form Type: POS AM
Source: 0001641172-25-016923
Chunk: 76

Company: bioAffinity Technologies, Inc.
Filing Date: 2025-06-27
Form: POS AM
Chunk 76
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 selling and marketing costs, legal, accounting, tax and other professional services, and general operating expenses.

Selling, general and administrative expenses totaled approximately $2.4 million and $2.2 million for the three months ended March 31, 2025 and 2024, respectively. The increase of approximately 267,000, or 12%, for the three months ended March 31, 2025, compared to the same period in 2024 was primarily attributable an increase in employee compensation related to administrative and sales due to additional personnel and support services to support the growth of sales of our diagnostic test, CyPath ®Lung.

| 49 |

Depreciation and Amortization

Depreciation and amortization expenses totaled $154,588 and $149,637 for the three months ended March 31, 2025 and 2024, respectively. The depreciation and amortization remained relatively consistent compared to the prior year period as the assets have remained consistent.

Other Income (Expense)

|                                |     | Three Months Ended 
          March 31, |         |   |     |      |         |   |     | Change in 2025 
 Versus 2024    |         |   |     |   |      |    |
|:-------------------------------|:----|-------------------:|:--------|:--|:----|-----:|--------:|:--|:----|:---------------|--------:|:--|:----|:--|-----:|:---|
|                                |     |               2025 |         |   |     | 2024 |         |   |     | $              |         |   |     | % |      |    |
| Interest (expense) income, net |     |                  $ | (14,493 | ) |     |    $ | (17,423 | ) |     | $              |   2,480 |   |     |   |  (14 | )% |
| Other income (expense), net    |     |                    | (9,640  | ) |     |      |   4,510 |   |     |                | (14,150 | ) |     |   | (314 | )% |
| Total other (expense) income   |     |                  $ | (24,583 | ) |     |    $ | (12,913 | ) |     | $              | (11,670 | ) |     |