2023 Q1 Form 10-K Financial Statement

#000149315223010186 Filed on March 31, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $921.00 $2.350K $4.803K
YoY Change
Cost Of Revenue $87.00 $180.00 $467.00
YoY Change
Gross Profit $834.00 $2.170K $4.336K
YoY Change
Gross Profit Margin 90.55% 92.34% 90.28%
Selling, General & Admin $1.170M $1.429M $2.727M
YoY Change 231.77% 62.21% 209.62%
% of Gross Profit 140234.89% 65836.87% 62893.7%
Research & Development $369.6K $197.3K $1.100M
YoY Change -1.31% -85.12% -17.05%
% of Gross Profit 44318.59% 9089.86% 25369.0%
Depreciation & Amortization $22.00K $7.330K $10.18K
YoY Change 2015.38% 130.5% 111.2%
% of Gross Profit 2637.89% 337.79% 234.78%
Operating Expenses $1.559M $1.626M $4.015M
YoY Change 114.4% -26.32% 81.95%
Operating Profit -$1.558M -$1.624M -$4.011M
YoY Change 114.29% 81.76%
Interest Expense $37.00K -$50.84K $2.533M
YoY Change -104.98% -98.83% -158.13%
% of Operating Profit
Other Income/Expense, Net $37.00K -$4.141M
YoY Change -103.23%
Pretax Income -$1.521M -$1.675M -$8.152M
YoY Change 3.48% -73.52% 28.89%
Income Tax $11.82K $0.00 $2.459K
% Of Pretax Income
Net Earnings -$1.533M -$1.675M -$8.154M
YoY Change 4.13% -73.53% 28.89%
Net Earnings / Revenue -166426.71% -71258.72% -169771.25%
Basic Earnings Per Share -$0.18 -$1.81
Diluted Earnings Per Share -$0.18 -$0.37 -$1.81
COMMON SHARES
Basic Shares Outstanding 8.463M shares 8.370M shares 4.499M shares
Diluted Shares Outstanding 8.434M shares 4.499M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.769M $11.41M $11.41M
YoY Change 850.27% 738.85%
Cash & Equivalents $9.800M $11.40M $11.41M
Short-Term Investments
Other Short-Term Assets $441.1K $531.9K $531.9K
YoY Change 579.39% 599.22%
Inventory $11.34K $5.540K $5.540K
Prepaid Expenses
Receivables $11.03K $10.49K $10.49K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $10.23M $11.96M $11.96M
YoY Change 825.51% 731.69% 731.7%
LONG-TERM ASSETS
Property, Plant & Equipment $225.1K $214.4K $214.4K
YoY Change 6169.28% 4528.49% 4531.53%
Goodwill
YoY Change
Intangibles $0.00
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.920K $6.000K $6.000K
YoY Change -97.16% 140.0% -42.53%
Total Long-Term Assets $232.0K $220.4K $220.4K
YoY Change -6.23% 1362.28% 1361.8%
TOTAL ASSETS
Total Short-Term Assets $10.23M $11.96M $11.96M
Total Long-Term Assets $232.0K $220.4K $220.4K
Total Assets $10.46M $12.18M $12.18M
YoY Change 673.42% 738.23% 738.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $146.5K $345.0K $345.0K
YoY Change -40.84% 49.75% 49.75%
Accrued Expenses $481.3K $541.9K $541.9K
YoY Change -74.12% 12.08% -66.24%
Deferred Revenue
YoY Change
Short-Term Debt $168.4K $251.7K $251.7K
YoY Change -98.57% -97.75%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $796.3K $1.139M $1.139M
YoY Change -94.26% -91.27% -91.27%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $796.3K $1.139M $1.139M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $796.3K $1.139M $1.139M
YoY Change -94.33% -91.37% -91.37%
SHAREHOLDERS EQUITY
Retained Earnings -$38.20M -$36.70M
YoY Change 28.71%
Common Stock $59.24K $58.67K
YoY Change 213.07%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.668M $11.04M $11.04M
YoY Change
Total Liabilities & Shareholders Equity $10.46M $12.18M $12.18M
YoY Change 673.42% 738.23% 738.23%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$1.533M -$1.675M -$8.154M
YoY Change 4.13% -73.53% 28.89%
Depreciation, Depletion And Amortization $22.00K $7.330K $10.18K
YoY Change 2015.38% 130.5% 111.2%
Cash From Operating Activities -$1.529M -$1.301M -$4.071M
YoY Change 141.19% -21.48% 98.68%
INVESTING ACTIVITIES
Capital Expenditures $32.31K $220.0K $220.0K
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$32.31K -$220.0K -$220.0K
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$83.32K -563.6K $14.34M
YoY Change -127.65% -120.2% 331.2%
NET CHANGE
Cash From Operating Activities -$1.529M -1.301M -$4.071M
Cash From Investing Activities -$32.31K -220.0K -$220.0K
Cash From Financing Activities -$83.32K -563.6K $14.34M
Net Change In Cash -$1.645M -2.084M $10.05M
YoY Change 394.47% -283.98% 686.92%
FREE CASH FLOW
Cash From Operating Activities -$1.529M -$1.301M -$4.071M
Capital Expenditures $32.31K $220.0K $220.0K
Free Cash Flow -$1.561M -$1.521M -$4.291M
YoY Change 146.28% -8.2% 109.41%

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CY2021 BIAF Fair Value Adjustments On Convertible Notes Payable
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CY2021 us-gaap Share Based Compensation
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CY2021 us-gaap Gains Losses On Extinguishment Of Debt
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CY2022 us-gaap Increase Decrease In Inventories
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CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2022 us-gaap Increase Decrease In Accounts Payable
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CY2021 us-gaap Increase Decrease In Accounts Payable
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CY2022 us-gaap Increase Decrease In Accrued Liabilities
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CY2021 us-gaap Increase Decrease In Accrued Liabilities
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CY2022 us-gaap Increase Decrease In Interest Payable Net
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CY2021 us-gaap Increase Decrease In Interest Payable Net
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021 us-gaap Proceeds From Bank Debt
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CY2021 us-gaap Proceeds From Convertible Debt
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3295000 usd
CY2022 us-gaap Repayments Of Convertible Debt
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CY2022 us-gaap Proceeds From Issuance Initial Public Offering
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CY2022 us-gaap Proceeds From Warrant Exercises
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CY2021 us-gaap Payments Of Debt Issuance Costs
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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1277530 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2022 us-gaap Income Taxes Paid Net
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2459 usd
CY2021 us-gaap Income Taxes Paid Net
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CY2022 us-gaap Interest Paid Net
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CY2022 us-gaap Debt Conversion Original Debt Amount1
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CY2022 BIAF Fair Value Of Warrants Issued
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CY2021 BIAF Fair Value Of Warrants Issued
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CY2022 BIAF Beneficial Conversion Feature For Bridge Notes
BeneficialConversionFeatureForBridgeNotes
462344 usd
CY2021 BIAF Beneficial Conversion Feature For Bridge Notes
BeneficialConversionFeatureForBridgeNotes
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CY2022Q2 us-gaap Stockholders Equity Reverse Stock Split
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0.007
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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11400000 usd
CY2022Q4 BIAF Total Assets Percent
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CY2022 us-gaap Use Of Estimates
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<p id="xdx_845_eus-gaap--UseOfEstimates_zPIEneKpwH4k" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_860_zZJV0enLwDSe">Use of Estimates</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include: the fair value of the Company’s Common Stock used to measure stock-based compensation for options granted to employees and nonemployees; the valuation allowance on the Company’s deferred tax assets; and the fair value of the convertible notes payable.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q4 us-gaap Deferred Offering Costs
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CY2021Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
8000 usd
CY2022 us-gaap Concentration Risk Credit Risk
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<p id="xdx_84A_eus-gaap--ConcentrationRiskCreditRisk_zg1AibJ57Dtl" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_861_zcF9Nd1d2Hk6">Concentration of Risk</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company has significant cash balances at financial institutions which throughout the year regularly exceed the federally insured limit of $<span id="xdx_903_eus-gaap--CashFDICInsuredAmount_iI_c20221231_zkl7xc6Pa3h9" title="Insured limit">250,000</span>. Any loss incurred or a lack of access to such funds could have a significant adverse impact on the Company’s financial condition, results of operations, and cash flows.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p>
CY2022Q4 us-gaap Cash Fdic Insured Amount
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P3Y
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AdvertisingExpense
3000 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
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CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1100000 usd
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
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OtherPrepaidExpenseCurrent
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CY2021Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
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CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
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CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
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CY2022 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p id="xdx_845_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zcknwUcIgdji" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_861_zIZdl4eI04Ed">Reclassifications</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain prior year balances have been reclassified to conform to current year presentation. The Company reclassified patent and annuity costs of approximately $<span id="xdx_903_eus-gaap--FiniteLivedPatentsGross_iI_c20220101__us-gaap--IncomeStatementLocationAxis__us-gaap--SellingGeneralAndAdministrativeExpensesMember_zHpvf57I40N7" title="Patent and annuity costs">236,000</span> and $<span id="xdx_90D_eus-gaap--FiniteLivedPatentsGross_iI_c20211231__us-gaap--IncomeStatementLocationAxis__us-gaap--SellingGeneralAndAdministrativeExpensesMember_zjOhHINvotE4" title="Patent and annuity costs">188,000</span> from research and development to selling, general and administrative for the years ended December 31, 2022, and 2021, respectively.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font: small-caps 10pt Times New Roman, Times, Serif"><b>bioAffinity Technologies, Inc.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Notes to Consolidated Financial Statements</span></p> <p style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For the Years Ended December 31, 2022 and 2021</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q4 us-gaap Prepaid Insurance
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CY2021Q4 us-gaap Prepaid Insurance
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CY2021Q4 us-gaap Property Plant And Equipment Gross
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CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
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CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
258998 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
214438 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4633 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
10182 usd
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
4817 usd
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CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
277185 usd
CY2022Q4 us-gaap Accrued Professional Fees Current
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144440 usd
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166069 usd
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50922 usd
CY2021Q4 BIAF Accrued Clinical Expense Current
AccruedClinicalExpenseCurrent
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CY2022Q4 us-gaap Other Accrued Liabilities Current
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5852 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
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541894 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
483501 usd
CY2021Q4 us-gaap Convertible Notes Payable Current
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11152151 usd
CY2021Q4 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
11152151 usd
CY2022Q4 us-gaap Convertible Debt
ConvertibleDebt
700000 usd
CY2021Q4 us-gaap Convertible Debt
ConvertibleDebt
3300000 usd
CY2020Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
9767461 usd
CY2021 BIAF Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Issue Of Convertible Notes Payable
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssueOfConvertibleNotesPayable
3295000 usd
CY2021 BIAF Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Debt Discount For Warrant Issued
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityDebtDiscountForWarrantIssued
-1665956 usd
CY2021 BIAF Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Accretion Of Debt Issuance Costs
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityAccretionOfDebtIssuanceCosts
480574 usd
CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease
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CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
11152151 usd
CY2022 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Issues
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues
724000 usd
CY2022 BIAF Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Repayment Of Convertible Notes Payable
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityRepaymentOfConvertibleNotesPayable
-100000 usd
CY2022 BIAF Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Debt Discount For Warrant Issued
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityDebtDiscountForWarrantIssued
-870245 usd
CY2022 BIAF Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Accretion Of Debt Issuance Costs
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityAccretionOfDebtIssuanceCosts
2055627 usd
CY2022 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease
1866922 usd
CY2022 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Out Of Level3
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersOutOfLevel3
-325000 usd
CY2022 BIAF Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Conversion Of Convertible Notes Payable
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityConversionOfConvertibleNotesPayable
-14503455 usd
CY2021Q4 us-gaap Debt Instrument Face Amount
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CY2021Q4 us-gaap Deferred Finance Costs Current Net
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1185382 usd
CY2021Q4 BIAF Fair Value Adjustments On Convertible Notes Payables
FairValueAdjustmentsOnConvertibleNotesPayables
3555576 usd
CY2021Q4 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
11152151 usd
CY2022 us-gaap Payments For Rent
PaymentsForRent
65000 usd
CY2021 us-gaap Payments For Rent
PaymentsForRent
52000 usd
CY2022Q2 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1-for-7 reverse stock split
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.007
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
14285714 shares
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.007
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
8381324 shares
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.007
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1100000 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Purchased For Award
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesPurchasedForAward
1100000 shares
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
248592000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
43012000 usd
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
824104 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.10
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
79273 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
5.49
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
24997 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
7.70
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.12
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
7142 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
4.20
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
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64848 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.16
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
14282 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
5.95
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
806392 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.33
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
164255 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
800838 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
4.31
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P4Y
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
164255 usd
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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0 usd
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2.23
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2.84
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64848 shares
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4.62
CY2021Q4 us-gaap Share Price
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0.639 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P6Y1M6D
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CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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CY2022Q3 us-gaap Class Of Warrant Or Right Expense Or Revenue Recognized
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Pursuant to the underwriting agreement dated August 31, 2022, (the “Underwriting Agreement”) between the Company and WallachBeth Capital, LLC, as representative of the underwriters (the “Underwriters”), and solely for purposes of covering any over-allotments made in connection with our IPO, we granted the Underwriters an option to purchase up to an additional 192,390 shares of Common Stock at the Offering Price per Unit less $0.02, and/or up to 192,390 Tradeable Warrants at $0.01 per Tradeable Warrant, and/or up to 192,390 Non-tradeable Warrants at $0.01 per Non-tradeable Warrant, or any combination of additional shares of Common Stock, Tradeable Warrants, and Non-tradeable Warrants representing in the aggregate up to 15% of the number of Units sold in the IPO (the “Over-Allotment Option”). The Over-Allotment Option was exercisable for a period of 45 days from the date of our Final Prospectus
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2100000 usd
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700000 usd
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500000 usd
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800000 usd
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500000 usd
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4.20

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