Company: BOF
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004712
Chunk: 453

Company: BranchOut Food Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 453
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 to Proposition 65 or future
legislation that is similar or related thereto. Increased compliance costs associated with operating in California and other states could
adversely affect our business, financial condition and results of operations.

Risks
Related to Our Capital Structure

Our
indebtedness could adversely affect our ability to raise additional capital to fund operations, limit our ability to react to changes
in the economy or our industry and prevent us from meeting our financial obligations and our creditors have broad remedies in the event
of default.

As
of December 31, 2024 and 2023, we had total liabilities of $10,514,292 and $914,622, respectively. Certain portions of this indebtedness
are secured by a security interest in substantially all of our assets, and our security agreements include broad remedies in favor of
the lenders, including the right to foreclose on pledged assets in connection with an event of default.

 18 

If
we cannot generate sufficient cash flow from operations to service our debt, we may need to further refinance our debt, dispose of assets,
or issue equity to obtain necessary funds. We do not know whether we will be able to do any of this on a timely basis or on terms satisfactory
to us, or at all. Our substantial indebtedness could have important consequences, including:

    ●
    our ability to obtain additional debt or
    equity financing for working capital, capital expenditures, debt service requirements, acquisitions, and general corporate or other
    purposes may be limited;

    ●
    a portion of our cash flows from operations
    will be dedicated to the payment of principal and interest on the indebtedness and will not be available for other purposes, including
    operations, capital expenditures and future business opportunities; and

    ●
    we may be vulnerable in a downturn in general
    economic conditions or in business or may be unable to carry on capital spending that is important to our growth.

Our
Articles of Incorporation provide that the Nevada Eighth Judicial District Court of Clark County, Nevada shall be the exclusive forum
for certain litigation that may be initiated by our stockholders, which could limit our stockholders’ ability to obtain a favorable
judicial forum for disputes with us or our directors, officers or employees.

Our
Articles of Incorporation provide that, subject to limited exceptions, the Nevada Eighth Judicial District Court of Clark County, Nevada
shall be, to the fullest extent permitted by law, the sole and exclusive forum for (i)