Company: BIAF
Filing Date: 2025-06-27
Form Type: POS AM
Source: 0001641172-25-016927
Chunk: 96

Company: bioAffinity Technologies, Inc.
Filing Date: 2025-06-27
Form: POS AM
Chunk 96
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 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 | ) |     |   |   90 | %  |

Interest income (expense)

Interest expense of approximately $14,000 and $17,000 for the three months ended March 31, 2025 and 2024, respectively, increased in the current year due to the interest recognized related to the financing lease for laboratory equipment compared to the same period in the prior year, partially offset by a decrease in interest income earned on cash balances.

Other income (expense)

Other income (expense), net totaled ($9,640) and $4,510 for the three months ended March 31, 2025 and 2024, respectively. The decrease in the other income (expense) of $14,150 is primarily attributable to property taxes.

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