Company: BOF
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010566
Chunk: 40

Company: BranchOut Food Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 40
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    Latin American operations segment cost of goods sold 
    $2,488,743  
    $1,127,092 
  
    Latin American operations segment expenses: 

    General and administrative 
     109,505  
     - 
  
    Rent 
     38,684  
     - 
  
    Salaries and wages 
     73,196  
     - 
  
    Professional fees 
     68,412  
     - 
  
    Total Latin American operating expenses 
     289,797  
     - 
  
    Operating expenses 
     289,797  
     - 

    Latin American operations segment EBITDA 
    $(2,778,540) 
    $(1,127,092)
  
    Consolidated EBITDA 
    $(530,185) 
    $(968,764)

    Reconciliation of net earnings before income tax expense: 

    Consolidated EBITDA 
    $(530,185) 
    $(968,764)
  
     EBITDA 
    $(530,185) 
    $(968,764)

    Depreciation 
     (152,355) 
     (56,336)
  
    Interest income 
     5,136  
     2,877 
  
    Interest expense 
     (240,978) 
     (28,744)
  
    Consolidated net loss before income tax expense 
    $(918,382) 
    $(1,050,967)

Note
20 – Subsequent Events

The
Company evaluates events that have occurred after the
balance sheet date through the date these financial statements were issued, noting no reportable
event, except as follows:

Repayment
on Notes Payable, Related Parties

On
May 7, 2025, the Company repaid $325,000 of principal on the $1,200,000 Senior Secured Promissory Note from Kaufman Kapital that matures
on June 30, 2025.

Common
Stock Options Issued to Directors for Services

On
April 14, 2025, the Company granted options to purchase an aggregate 90,000 shares of the Company’s common stock, consisting of
options to purchase 15,000 shares to each of six directors, having an exercise price of $1.94 per share, exercisable over a 10-year term,
including options to purchase 15,