Company: BOF
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021655
Chunk: 129

Company: BranchOut Food Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 2
Chunk 129
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.3% 

    Operating expenses: 

    General and administrative 
     2,204,559  
     666,600  
     1,537,959 
  
    Salaries and benefits 
     1,172,474  
     1,257,316  
     (84,842)
  
    Professional services 
     806,736  
     1,064,567  
     (257,831)
  
    Advertising and promotions 
     579,507  
     223,801  
     355,706 
  
    Storage, shipping and handling 
     421,313  
     311,073  
     110,240 
  
    Total operating expenses 
     5,184,589  
     3,523,357  
     1,661,232 

    Operating loss 
     (3,456,065) 
     (2,754,670) 
     (701,395)

    Other income (expense): 

    Interest income 
     15,652  
     8,577  
     7,075 
  
    Interest expense 
     (653,677) 
     (518,233) 
     (135,444)
  
    Total other income (expense) 
     (638,025) 
     (509,656) 
     (128,369)

    Net loss 
    $(4,094,090) 
    $(3,264,326) 
    $(829,764)

Net
Revenue

Our
net revenue for the nine months ended September 30, 2025, was $9,713,287, compared to $5,011,497 for the nine months ended September
30, 2024, an increase of $4,701,790, or 94%. The increase in revenue was primarily due to increased sales to our two largest customers
during the nine months ended September 30, 2025.

Cost
of Goods Sold and Gross Profit

Our
cost of goods sold for the nine months ended September 30, 2025, was $7,984,763, compared to $4,242,810 for the nine months ended September
30, 2024, an increase of $3,741,953, or 125%. Cost of goods sold increased primarily due to increased sales