Company: BOF
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023605
Chunk: 93

Company: BranchOut Food Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 8
Chunk 93
---
 $912,000 during the six
months ended June 30, 2025.

    19

BRANCHOUT
FOOD INC.

NOTES
TO THE CONDENSED FINANCIAL STATEMENTS

(Unaudited)

The
components of lease expense were as follows:

 Schedule of Components of Lease Expenses 

    2025  
    2024 

    For the Six Months Ended 

    June 30, 

    2025  
    2024 
  
    Operating lease cost: 

    Amortization of right-of-use asset 
    $77,359  
    $32,389 
  
    Interest on lease liability 
     20,243  
     14,124 
  
    Total operating lease cost 
     97,602  
     46,513 
  
    Finance lease cost: 

    Amortization of right-of-use asset 
    $17,005  
    $17,114 
  
    Interest on lease liability 
     6,357  
     6,915 
  
    Total finance lease cost 
     23,362  
     24,029 
  
    Total lease costs 
    $120,964  
    $70,542 

Supplemental
balance sheet information related to leases was as follows:

 Schedule of Supplemental Information Related to Leases 

    June 30,  
    December 31, 

    2025  
    2024 
  
    Operating lease: 

    Operating lease assets 
    $1,366,677  
    $1,444,036 

    Current portion of operating lease liability 
    $-  
     - 
  
    Noncurrent operating lease liability 
     1,593,424  
     1,573,035 
  
    Total operating lease liability 
    $1,593,424  
    $1,573,035 
  
    Finance lease: 

    Finance lease assets 
    $114,456  
    $131,461 

    Current portion of finance lease liability 
    $30,888  
     29,243 
  
    Noncurrent finance lease liability 
     75,529  
     92,761 
  
    Total finance lease liability 
    $106,417  
    $122,004 

    Weighted average remaining lease term: