Company: BOF
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004712
Chunk: 1302

Company: BranchOut Food Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 6
Chunk 1302
---
 or
liability.

The
following schedule summarizes the valuation of financial instruments at fair value on a recurring basis in the balances sheet as of December
31, 2024 and 2023:

 Schedule of Valuation of Financial Instruments at Fair Value on a Recurring Basis

    Level
    1  
    Level
    2  
    Level
    3 

    Fair
    Value Measurements at December 31, 2024 

    Level
    1  
    Level
    2  
    Level
    3 
  
    Assets 

    Cash 
    $2,329,452  
    $-  
    $- 
  
    Right-of-use-asset 
     -  
     -  
     1,575,497 
  
    Notes receivable 
     -  
     359,982  
     - 
  
    Total
    assets 
     2,329,452  
     359,982  
     1,575,497 
  
    Liabilities 

    Convertible notes payable, related parties
    net of $66,587 of discounts 
     -  
     -  
     3,333,413 
  
    Notes payable 
     -  
     1,846,147  
     - 
  
    Notes payable, related parties 
     -  
     1,200,000  
     - 
  
    Lease liabilities 
     -  
     -  
     1,674,064 
  
    Total
    liabilities 
     -  
     3,046,147  
     5,077,477 
  
    Total assets and liabilities 
    $2,329,452  
    $(2,686,165) 
    $(3,521,286)

    F-14

BRANCHOUT
                                            FOOD INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

    Level
    1  
    Level
    2  
    Level
    3 

    Fair
    Value Measurements at December 31, 2023 

    Level
    1  
    Level
    2  
    Level
    3 
  
    Assets 

    Cash 
    $657,789  
    $-