Company: BFRG
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001493152-25-010367
Chunk: 1295

Company: BullFrog AI Holdings, Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 14
Chunk 1295
---
ases of property and equipment 
     -  
     - 
  
    Net cash used in investing activities 
     -  
     - 

    Cash flows from financing activities: 

    Proceeds from issuance of common stock and warrants, net of issuance costs 
     8,315,686  
     7,293,651 
  
    Proceeds from exercise of warrants 
     105,816  
     1,494,658 
  
    Proceeds from notes payable 
     -  
     100,000 
  
    Payments of notes payable 
     -  
     (319,950)
  
    Proceeds from short term insurance financing 
     561,885  
     697,534 
  
    Payments of short term insurance financing 
     (561,885) 
     (697,534)
  
    Net cash provided by financing activities 
     8,421,502  
     8,568,359 

    Net increase in cash and cash equivalents 
     2,811,253  
     2,567,060 
  
    Cash and cash equivalents, beginning of period 
     2,624,730  
     57,670 
  
    Cash and cash equivalents, end of period 
    $5,435,983  
    $2,624,730 

    Supplemental cash flow information: 

    Cash paid for interest 
    $18,158  
    $93,916 
  
    Cash paid for taxes 
     -  
     - 

    Supplemental non-cash activity 

    Issuance of common stock upon conversion of notes payable 
    $-  
    $1,535,615 

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

 F-6 

BULLFROG
AI HOLDINGS, INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

December
31, 2024 and 2023

 1. Organization and Nature of Business

Description
of Business

Bullfrog
AI Holdings, Inc. (“we”, “our” or the “Company”) was incorporated in the State of Nevada on February
6, 2020. Bullfrog AI Holdings, Inc. is the parent company of Bullfrog AI, Inc. and Bullfrog AI Management, LLC, which were incorporated