Company: BOF
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004712
Chunk: 1327

Company: BranchOut Food Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 6
Chunk 1327
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 Options
    Exercisable 

    Weighted  

    Shares  
    Average  
    Weighted  
    Shares  
    Weighted 

    Underlying  
    Remaining  
    Average  
    Underlying  
    Average 
  
    Range of 
    Options  
    Contractual  
    Exercise  
    Options  
    Exercise 
  
    Exercise
    Prices 
    Outstanding  
    Life  
    Price  
    Exercisable  
    Price 
  
    $
    1.60 –
    6.00  
     593,470  
     8.4
                                            years  
    $2.39  
     564,935  
    $2.58 

The
following is a summary of activity of outstanding stock options:

 Schedule
of Activity of Outstanding Stock Options

    Weighted 

    Average 

    Number  
    Exercise 

    of
    Shares  
    Prices 
  
    Balance, December 31, 2022 
     108,404  
    $4.125 
  
    Options granted 
     118,500  
     3.194 
  
    Options canceled 
     (57,600) 
     (4.125)
  
    Balance, December 31, 2023 
     169,304  
     3.639 
  
    Options granted 
     424,166  
     1.95 
  
    Balance, December
    31, 2024 
     593,470  
    $2.39 

    Exercisable, December
    31, 2024 
     564,935  
    $2.58 

Note
20 – Common Stock Warrants

Warrants
to purchase a total of 3,462,162 shares of common stock at a weighted average exercise price of $1.88 per share, with a weighted average
remaining life of 5.11 years, were outstanding as of December 31, 2024.

Warrants
Issued Pursuant to Convertible Note Financing

As
discussed in further detail in Note 4, on July 24, 2024, the Company issued to Kaufman Kapital, in a private placement (i) a 12% Senior
Secured Convertible Promissory Note in the principal amount