Company: BOF
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023605
Chunk: 109

Company: BranchOut Food Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 8
Chunk 109
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 $175,758 for the three months
ended June 30, 2024, an increase of $609,114, or 347%. The largest components of our general and administrative expenses are plant idle
capacity, rent, travel, and commissions, as shown below.

    Three Months Ended June 30,  

    2025  
    2024  
    Difference  
    % change 

    Idle Capacity 
    $480,320  
    $-  
    $480,320  
     100%
  
    Rent 
    $50,635  
    $47,913  
    $2,722  
     6%
  
    Travel 
    $24,779  
    $27,220  
    $(2,441) 
     9%
  
    Commissions 
    $72,142  
    $47,625  
    $12,125  
     51%

29

Idle
capacity increased due to the opening of the production facility located in Pisco, Peru. In December 2024 operations commenced at the
facility. As our factory scales, idle capacity will decrease. Commissions increased due to increased sales.

Salaries
and Wages

Salaries
and wages for the three months ended June 30, 2025, was $436,163, compared to $349,597 for the three months ended June 30, 2024, an increase
of $86,566, or 25%. This increase was primarily attributable to $28,494 of amortization of stock options issued to employees for services
performed.

Professional
Fees

Professional
fees for the three months ended June 30, 2025, was $323,062, compared to $304,376 for the three months ended June 30, 2024, an increase
of $18,686, or 6%. The modest increase primarily reflects normal fluctuations in legal, consulting, and accounting expenses and does
not represent a significant change in the level of professional services utilized.

Shipping
and handling

Shipping
and handling for the three months ended June 30, 2025, was $157,807, compared to $88,384 for the three months ended June 30, 2024, an
increase of $69,423 or 79%. This increase was primarily attributable to an increase in sales volumes.

Advertising
and promotions

Advertising
and promotions