bioAffinity Technologies, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	Note 9. COMMITMENTS AND CONTINGENCIES *Operating Leases* The Company leases its corporate offices under an agreement that is renewable on September 1, 2023. The Company leases its laboratory and additional office space under an operating lease that is renewable annually by written notice by the Company and will require renewal in February 2023. Rent expense for office and lab space amounted to approximately $15,000 and $13,000 for each of the three months ended September 30, 2022 and 2021, respectively. Rent expense for office and lab space amounted to approximately $41,000 and $39,000 for each of the nine months ended September 30, 2022 and 2021, respectively. *Legal Matters* From time to time, the Company is involved in various disputes and litigation matters that arise in the ordinary course of business. To date, the Company had no material pending legal proceedings.

COMMITMENTS AND CONTINGENCIES

9 Months Ended

Sep. 30, 2022

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

Note 9. COMMITMENTS AND CONTINGENCIES

Operating Leases

The Company leases its corporate offices under an agreement that is renewable on September 1, 2023. The Company leases its laboratory and additional office space under an operating lease that is renewable annually by written notice by the Company and will require renewal in February 2023. Rent expense for office and lab space amounted to approximately $15,000 and $13,000 for each of the three months ended September 30, 2022 and 2021, respectively. Rent expense for office and lab space amounted to approximately $41,000 and $39,000 for each of the nine months ended September 30, 2022 and 2021, respectively.

Legal Matters

From time to time, the Company is involved in various disputes and litigation matters that arise in the ordinary course of business. To date, the Company had no material pending legal proceedings.