Company: BFRG
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023560
Chunk: 5

Company: BullFrog AI Holdings, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 5
---
,188,110 

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

4

Bullfrog
AI Holdings, Inc.

Condensed
Consolidated Statements of Cash Flows

(Unaudited)

    Six Months Ended June 30, 

    2025  
    2024 
  
    Cash flows from operating activities: 

    Net loss 
    $(3,466,282) 
    $(3,515,440)
  
    Adjustments to reconcile net loss to net cash used in operating activities: 

    Depreciation 
     863  
     862 
  
    Stock-based compensation 
     478,193  
     527,799 
  
    Changes in operating assets and liabilities: 

    Prepaid expenses 
     (117,240) 
     (311,473)
  
    Investments 
     (58,335) 
     - 
  
    Accounts payable 
     (254,141) 
     (21,640)
  
    Accrued expenses 
     161,766  
     187,743 
  
    Deferred revenue 
     25,078  
     - 
  
    Net cash used in operating activities 
     (3,230,098) 
     (3,132,149)

    Cash flows from investing activities: 

    Purchases of property and equipment 
     -  
     - 
  
    Net cash used in investing activities 
     -  
     - 

    Cash flows from financing activities: 

    Proceeds from sale of common stock from ATM, net of issuance costs 
     262,459  
     - 
  
    Proceeds from issuance of common stock and warrants, net of issuance costs 
     -  
     5,674,651 
  
    Proceeds from warrant exercises 
     -  
     105,816 
  
    Proceeds from short term insurance financing 
     181,797  
     561,885 
  
    Payments on short term insurance financing 
     (71,506) 
     (220,845)
  
    Net cash provided by financing activities 
     372,750  
     6,121,507 

    Net (decrease) increase in cash and cash equivalents 
     (2,857,348)