Company: BIAF
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023405
Chunk: 15

Company: bioAffinity Technologies, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 15
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—  
     8,654 

    —

    1,731

    Other revenues 
     4,634  
     23,919 

    258

    —

    Total net revenue 
    $4,569,146  
    $7,154,429 
     
    $
    1,446,066

    $
    2,350,386

    1
    Patient
    services fees include direct billing for CyPath® Lung diagnostic test of approximately $619,000 and $332,000 for the
    nine months ended September 30, 2025 and 2024, respectively, and $296,000 and $133,000 for the three months ended September 30, 2025 and 2024, respectively.

Property
and Equipment

In
accordance with ASC 360-10, Accounting for the Impairment of Long-Lived Assets, the Company periodically reviews the carrying
value of its long-lived assets, such as property, equipment, and definite-lived intangible assets, to test whether current events or
circumstances indicate that such carrying value may not be recoverable. When evaluating assets for potential impairment, the Company
compares the carrying value of the asset to its estimated undiscounted future cash flows. If an asset’s carrying value exceeds
such estimated cash flows (undiscounted and with interest charges), the Company records an impairment charge for the difference. The
Company did not record any impairment for the three and nine months ended September 30, 2025, or for the fiscal year ended December 31,
2024.

Property
and equipment are carried at cost, net of accumulated depreciation. Depreciation is computed using the straight-line method over the
estimated useful life of the asset. Amortization of leasehold improvements is computed using the shorter of the lease term or estimated
useful life of the asset. Additions and improvements are capitalized, while repairs and maintenance are expensed as incurred. Useful
lives of each asset class are as follows:

SCHEDULE OF PROPERTY AND EQUIPMENT USEFUL LIFE

    Asset Category 
     
    Useful Life

    Computer equipment 
     
    3-5 years

    Computer software 
     
    3 years

    Equipment 
     
    3-5 years

    Furniture and fixtures 
     
    5-7 years

    Vehicles 
     
    5 years

    Lease