Company: BOF
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004712
Chunk: 718

Company: BranchOut Food Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1C
Chunk 718
---
 paid-in capital 
     19,903,796  
     15,016,973 
  
    Accumulated other comprehensive
    loss 
     (8,581) 
     - 
  
    Accumulated deficit 
     (17,562,057) 
     (12,810,541)
  
    Total Stockholders’
    Equity 
     2,341,583  
     2,210,476 

    Total Liabilities and
    Stockholders’ Equity 
    $12,855,875  
    $3,125,098 

The
accompanying notes are an integral part of these financial statements.

F-2

BRANCHOUT
FOOD INC.

CONSOLIDATED
STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

    2024  
    2023 

    For the Years Ended 

    December 31, 

    2024  
    2023 

    Net revenue 
    $6,516,337  
    $2,825,855 
  
    Cost of goods sold 
     5,652,717  
     2,922,085 
  
    Gross
    profit (loss) 
     863,620  
     (96,230)

    Operating expenses: 

    General
    and administrative 
     1,870,720  
     1,581,474 
  
    Salaries
    and wages 
     1,604,200  
     1,129,858 
  
    Professional
    fees 
     1,291,141  
     694,596 
  
    Total
    operating expenses 
     4,766,061  
     3,405,928 

    Operating loss 
     (3,902,441) 
     (3,502,158)

    Other income (expense): 

    Interest income 
     14,156  
     11,719 
  
    Interest
    expense 
     (863,231) 
     (435,271)
  
    Total
    other income (expense) 
     (849,075) 
     (423,552)

    Net loss 
    $(4,751,516) 
    $(3,925,710)

    Other comprehensive loss: 

    Loss
    on foreign currency