Company: BOF
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021655
Chunk: 46

Company: BranchOut Food Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 1
Chunk 46
---
     (653,677) 
     (518,233)
  
    Stock compensation expense 
     (96,160) 
     (14,565) 
     (177,257) 
     (698,785)
  
    Consolidated net loss before income tax expense 
    $(1,572,552) 
    $(1,270,805) 
    $(4,094,090) 
    $(3,264,326)

    26

Note
18 – Related Party Transactions

Kaufman
Kapital, led by Daniel Kaufman, is a beneficial owner holding more than 10% of the Company’s outstanding common stock.

On July 15, 2024, the Company entered into a
Securities Purchase Agreement (as amended, the “SPA”) with Daniel L. Kaufman, as described in Note 12. As of September
30, 2025 the SPA principal outstanding on the Convertible Note was $3,400,000.
Kaufman Kapital exercised the $1.00
Warrant on June 24, 2025, as described in Note 15. The $1.50
Warrant has not been exercised as of September 30, 2025.

On
August 29, 2024, the Company borrowed $1,200,000 from Kaufman Kapital pursuant to the Secured Note, as described in Note 12.

On
May 7, 2025, and September 30, 2025 the Company repaid $325,000 and $375,000 of principal on the Secured Note. The principal outstanding
is $500,000 as of September 30, 2025.

Eagle
Vision Fund LP, is led by the Company’s CFO, John Dalfonsi.

As discussed further in Note 12 above, on
various dates from January 9, 2024 through May 22, 2024, the Company completed the sale of an aggregate $1,675,000 of Senior Secured
 Notes and Warrants  to purchase an aggregate of 518,750 shares of the
Company’s common stock, to a group of investors  led by Eagle Vision Fund LP.

During
the nine months ended September 30, 2025 the Company repaid $1,560,000
of principal outstanding under the Senior Secured Notes resulting
in the payment in full of such notes as of September 30