Company: BOF
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023605
Chunk: 48

Company: BranchOut Food Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 48
---
 expenses 
    $2,147,320  
    $1,344,404 
  
    U.S. operations segment EBITDA 
    $4,345,940  
    $(912,057)

    Latin American operations segment cost of goods sold 
    $5,028,726  
    $- 
  
    Latin American operations segment expenses: 

    General and administrative 
     601,025  
     21,356 
  
    Rent 
     77,489  
     47,913 
  
    Salaries and wages 
     165,718  
     32,430 
  
    Professional fees 
     114,886  
     40,868 
  
    Total Latin American operating expenses 
     959,118  
     142,567 
  
    Operating expenses 
     959,118  
     142,567 

    Latin American operations segment EBITDA 
    $(5,987,844) 
    $(142,567)
  
    Consolidated EBITDA 
    $(1,641,904) 
    $(1,054,624)

    Reconciliation of net earnings before income tax expense: 

    Consolidated EBITDA 
    $(1,641,904) 
    $(1,054,624)
  
    EBITDA 
    $(1,641,904) 
    $(1,054,624)

    Depreciation 
     (305,560) 
     (112,671)
  
    Interest income 
     11,736  
     5,695 
  
    Interest expense 
     (504,713) 
     (147,701)
  
    Stock compensation expense 
     (81,097) 
     (684,220)
  
    Consolidated net loss before income tax expense 
    $(2,521,538) 
    $(1,993,521)

    25

BRANCHOUT
FOOD INC.

NOTES
TO THE CONDENSED FINANCIAL STATEMENTS

(Unaudited)

NOTE
20 — Company Realignment

Beginning
April 2024, the Company initiated an organizational realignment to expand manufacturing operations by opening and operating a factory
in Pisco, Peru. This large-scale initiative aligned the Company’s resources, strategies, and goals with our desired outcomes. We
incurred total aggregate costs of approximately $5.5 million related to