Company: BOF
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004712
Chunk: 457

Company: BranchOut Food Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 457
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 requires monthly
lease payments of $8,000 in the first two years of the lease, $20,000 in the third year of the lease, $22,000 in the fourth year of the
lease, $24,000 in the fourth year of the lease, and $25,000 thereafter. The lease also has a 10-year renewal option, and a buy-out option
under which we may purchase the Peru Facility for $1,865,456.

We
believe that our current facilities are adequate for our current needs.

ITEM
3. Legal Proceedings

From
time to time, we may be involved in various disputes and litigation matters that arise in the ordinary course of business. We are not
currently engaged in any material legal proceedings.

ITEM
4. MINE SAFETY DISCLOSURES

Not
applicable.

 21 

PART
II

ITEM
5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Market Information

Shares
of our common stock, $0.001 par value per share, began trading on the Nasdaq Capital Markets under the symbol “BOF” on June 16,
2023. The following table sets forth, for the fiscal quarters indicated, the high and low bid information for our common stock, as reported
on the Nasdaq Capital Markets. The following quotations reflect inter-dealer prices, without retail mark-up, mark-down or commission
and may not represent actual transactions.

    High

    Low

    Fiscal Year Ended December 31, 2024

    First Quarter
     
    $
    3.60

    $
    1.10

    Second Quarter
     
    $
    3.24

    $
    0.68

    Third Quarter
     
    $
    4.11

    $
    0.61

    Fourth Quarter
     
    $
    2.20

    $
    1.31

    Fiscal Year Ended December 31, 2023

    First Quarter
     
    $
    N/A

    $
    N/A

    Second Quarter
     
    $
    6.20

    $
    3.03

    Third Quarter
     
    $
    3.50

    $
    2.02

    Fourth Quarter
     
    $
    2.10

    $
    1.21

As
of