Company: BFRG
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001493152-25-010367
Chunk: 1264

Company: BullFrog AI Holdings, Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 13
Chunk 1264
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 having an original maturity of 90 days or less that are readily
convertible into cash. 

The
Company’s financial instruments that are exposed to a concentration of credit risk are cash and accounts receivable. Occasionally,
the Company’s cash in interest-bearing accounts may exceed FDIC insurance limits. The financial stability of these institutions
is periodically reviewed by senior management.

Cost
of Sales

Cost
of sales is comprised of royalties and the cost of outsourced services provided to the Company related to customer service contracts.

     F-9 

Property
and Equipment

Property
and equipment are stated at cost. When retired or otherwise disposed, the related carrying value and accumulated depreciation are removed
from the respective accounts and the net difference less any amount realized from disposition is reflected in earnings. For financial
statement purposes, property and equipment are recorded at cost and depreciated using the straight-line method over their estimated useful
lives.

Advertising

The
Company follows the policy of charging the costs of advertising to expense as incurred.

Income
Taxes

Deferred
income tax assets and liabilities are determined based on the estimated future tax effects of net operating loss, credit carryforwards,
and temporary differences between the tax basis of assets and liabilities and their respective financial reporting amounts measured at
the current enacted tax rates. The Company records an estimated valuation allowance on its deferred income tax assets if it is not more
likely than not that these deferred income tax assets will be realized.

The
Company recognizes a tax benefit from an uncertain tax position if it is more likely than not that the tax position will be sustained
on examination by taxing authorities. Interest and penalties associated with such uncertain tax positions are classified as a component
of income tax expense.

Stock-Based
Compensation

Employee
and non-employee share-based compensation is measured at the grant date, based on the fair value of the award, and is recognized as an
expense over the requisite service period. Forfeitures are recognized as they occur.

Net Loss per
Share

The
Company calculates basic net loss per common share by dividing the net loss available to common stockholders by the weighted-average
number of shares of common stock outstanding during the period.

Diluted
earnings per share is computed by giving effect to all potentially dilutive common stock equivalents in the period, including unvested
stock options and warrants. As the Company has reported losses for all periods presented, all potentially dilutive securities have been
excluded from the calculation of diluted net loss per common share as their