Company: BOF
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023605
Chunk: 52

Company: BranchOut Food Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 52
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 in various installments totaling $355,000 as of December 31, 2024 and $912,000 during the six months ended
June 30, 2025.

28

Results
of Operations for the Three Months Ended June 30, 2025, and 2024

The
following table summarizes selected items from the statement of operations for the three months ended June 30, 2025, and 2024, respectively.

    Three Months Ended  

    June 30,  
    Increase / 

    2025  
    2024  
    (Decrease) 

    Net revenue 
    $3,299,738  
    $1,362,986  
    $1,936,752 
  
    Cost of goods sold 
     2,693,279  
     1,214,227  
     1,479,052 
  
    Gross profit 
     606,459  
     148,759  
     457,700 
  
    Gross margin 
     18.4% 
     10.9% 

    Operating expenses: 

    General and administrative 
     784,872  
     175,758  
     609,114 
  
    Salaries and benefits 
     436,163  
     349,597  
     86,566 
  
    Shipping and handling 
     323,062  
     304,376  
     18,686 
  
    Advertising and promotions 
     157,807  
     88,384  
     69,423 
  
    Professional services 
     250,576  
     57,059  
     193,517 
  
    Total operating expenses 
     1,952,480  
     975,174  
     977,306 

    Operating loss 
     (1,346,021) 
     (826,415) 
     (519,606)

    Other income (expense): 

    Interest income 
     6,600  
     2,818  
     3,782 
  
    Interest expense 
     (263,735) 
     (118,957) 
     (144,778)
  
    Total other income (expense) 
     (257,135) 
     (116