Company: NDRA
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110887
Chunk: 114

Company: ENDRA Life Sciences Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 114
---
 to remain dormant or
undetectable, sometimes for extended periods of time, or until launched against a target and we may not be able to implement adequate
preventative measures. Further, there has been an increase in such activities due to the increase in work-from-home arrangements. The
risk of cyberattacks could also be increased by cyberwarfare in connection with the ongoing Russia-Ukraine, Israel-Hamas and Israel-Iran
conflicts, or other future conflicts, including potential proliferation of malware into systems unrelated to such conflicts. Any future
breach of our operations or those of others in the cryptocurrency industry, including third-party services on which we rely, could materially
and adversely affect our financial condition and results of operations.

27

We face significant risks relating to disruptions, forks, 51%
attacks, hacks, network disruptions, or other adverse events or other compromises to the cryptocurrency blockchains, which could materially
and adversely impact our business, financial condition and results of operations.

Blockchain networks are maintained by decentralized networks of participants,
and as such are susceptible and vulnerable to a variety of risks, including disruptions, security breaches, and fundamental technical
issues. Both networks are vulnerable to attacks by malicious actors who gain control of a significant portion of the network’s mining
hash rate, a scenario commonly referred to as a 51% attack. In such an event, the attacker could double-spend transactions, reverse previously
confirmed transactions, or otherwise disrupt the normal operations of the network. Successful 51% attacks have historically undermined
trust in affected blockchain networks and could materially decrease the value of cryptocurrency assets.

Additionally, forks, or splits in the underlying protocol, may occur
when participants fail to reach consensus on proposed upgrades or changes. Forks can lead to the creation of duplicate networks, confusion
among market participants, dilution of the original network’s value, and disruption of the network’s operations. Hard forks,
in particular, can materially and adversely impact the perceived stability and value of digital assets, leading to reduced demand and
price declines.

Further, hacks and other security breaches targeting the core infrastructure
of blockchain networks or major participants, such as exchanges and custodians, could severely impact the reputation and market confidence
in these networks. Exploits of protocol-level vulnerabilities could also compromise the integrity of the cryptocurrency blockchains, resulting
in a substantial loss of value.

The success and growth of cryptocurrency assets depend significantly
on their continued security, stability, and scalability. Any technical failures, consensus breakdowns, governance disputes, or