Company: BOF
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021655
Chunk: 10

Company: BranchOut Food Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 1
Chunk 10
---
) 
     (413,315)
  
    Repayment of equipment notes payable 
     (251,647) 
     (325,102)
  
    Proceeds received on notes payable, related parties 
     -  
     2,616,210 
  
    Proceeds received on convertible notes payable, related parties 
     -  
     1,925,000 
  
    Repayment on notes payable, related parties 
     (2,260,000) 
     (115,000)
  
    Principal payments on finance lease 
     (23,706) 
     (22,855)
  
    Proceeds from sale of common stock pursuant to ATM program 
     5,265,069  
     2,103,000 
  
    Proceeds from exercise of warrants 
     1,386,873  
     - 
  
    Net cash provided by financing activities 
     4,093,929  
     5,767,938 

    Effect of exchange rate changes on cash 
     26,634  
     (1,794)

    Net increase (decrease) in cash 
     (1,517,445) 
     411,404 
  
    Cash - beginning of period 
     2,329,452  
     657,789 
  
    Cash - ending of period 
    $812,007  
    $1,069,193 

    Supplemental disclosures: 

    Interest paid 
    $253,578  
    $126,979 
  
    Income taxes paid 
    $-  
    $- 

    Non-cash investing and financing transactions: 

    Equipment purchased with debt financing 
    $1,500,000  
    $500,000 
  
    Relative fair value of warrants issued as a debt discount 
    $-  
    $101,866 
  
    Initial recognition of right-of-use assets and lease liabilities 
    $-  
    $1,943,358 

See
accompanying notes to financial statements.

7

BRANCHOUT
FOOD INC.

NOTES
TO THE CONDENSED FINANCIAL STATEMENTS

(Unaudited)

Note
1 – Organization and Background

Nature
of Business

BranchOut
Food Inc., a Nevada corporation, together with its Peruvian subsidiary (collectively, “BranchOut,” the