Company: BFRG
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001493152-25-010367
Chunk: 213

Company: BullFrog AI Holdings, Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 1A
Chunk 213
---
Improvements to Reportable Segment Disclosures (Topic
280). The new standard improves reportable segment disclosure requirements, primarily through enhanced disclosures about significant
segment expenses that are regularly provided to the chief operating decision maker. ASU 2023-07 also clarifies that entities with a single
reportable segment are subject to both new and existing reporting requirements under Topic 280. See the Segment Reporting section
within Note 2.

In
December 2023, the FASB issued ASU No. 2023-09: Income Taxes (Topic 740): Improvements to Income Tax Disclosures that
requires entities to disclose additional information about federal, state, and foreign income taxes primarily related to the income tax
rate reconciliation and income taxes paid. The new standard also eliminates certain existing disclosure requirements related to uncertain
tax positions and unrecognized deferred tax liabilities. The guidance is effective for the Company’s fiscal year ending December
31, 2025. The guidance does not affect recognition or measurement in the Company’s consolidated financial statements. 

The
Company does not believe that any other recently issued effective pronouncements, or pronouncements issued but not yet effective, if
adopted, would have a material effect on the accompanying financial statements.

 3. Property and Equipment

Property and
equipment consisted of $8,744 of equipment at both December 31, 2024 and 2023 and accumulated depreciation of $4,494 and $2,770, as of
December 31, 2024 and 2023, respectively. 

Depreciation
expense totaled $1,724 and $1,725 in the years ended December 31, 2024 and 2023, respectively.

     F-10 

 4. Accrued Expenses

Accrued
expenses consist of the following at December 31:

 Schedule
of Acrrued Expenses

    2024  
    2023 
  
    Accured payroll and related 
    $80,705  
    $32,000 
  
    Accrued legal fees 
     27,601  
     - 
  
    Accrued licensing and royalty fees 
     20,000  
     - 
  
    Accrued Board fees 
     16,875  
     16,875 
  
    Accrued research and development project costs 
     -  
     28,937 
  
    Accrued other