Company: BFRG
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023560
Chunk: 50

Company: BullFrog AI Holdings, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 8
Chunk 50
---

  
    Expected dividend yield 
     0% 
     0%
  
    Expected volatility 
     94% - 96%  
     92%
- 96% 
  
    Risk-free interest rate 
     4.0% - 4.5%  
     4.0% - 4.4% 
  
    Expected life (in years) 
     5.5  
     5.25
- 6.0 

●Volatility
                                            – The trading volatility was determined by calculating the volatility of the Company’s
                                            peer group.

●Expected
                                            life of options – The expected life of options granted to employees was determined
                                            using the simplified method.

●Risk-free
                                            interest rate – This is the U.S. Treasury rate, having a term comparable to the
                                            expected life of the stock option.

●Dividend
                                            yield – The Company does not expect to pay a dividend in the foreseeable future.

The
weighted-average grant-date fair value of options granted during the six months ended June 30, 2025 and 2024 was $1.67 and $2.94, respectively.

During
the three and six months ended June 30, 2025, the Company recognized $177,905 and $478,193, respectively, of compensation expense related
to stock options. During the three and six months ended June 30, 2024, the Company recognized $191,772 and $524,791, respectively, of
compensation expense related to stock options.

As
of June 30, 2025, the total unrecognized compensation expense related to unvested stock options was approximately $238,000, which the
Company expects to recognize over a weighted-average period of approximately 1.5 years.

Warrants

The
following table provides details over the Company’s outstanding warrants as of June 30, 2025:

Schedule
of Outstanding Warrants

    Exercise Price 
    Expiration  
    Number of Warrants 
  
    $0.0007 
     2030  
     274,286 
  
     $2.00 - $2.66 
     2026 - 2032  
     2,164,179 
  
     $3.36 - $4.16 
     2028 - 2029  
     1,842,807 
  
     $6.51 - $