Company: BOF
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004712
Chunk: 295

Company: BranchOut Food Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 295
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 the exclusive portion of the license to a non-exclusive license, thereby
permitting potential competitors to produce comparable avocado-based products using EnWave’s dehydration technology in the same
geographic areas. Thus, any material failure to comply with the terms of the license or any failure to renew the license after it expires
could have a material adverse impact on our financial condition and the operation of our business as it relates to our avocado-based
products. Furthermore, we are reliant on EnWave to enforce its intellectual property rights in preventing would be competitors from using
the technology exclusively licensed to us and there can be no assurance that EnWave will be successful in enforcing such rights in the
relevant areas. Furthermore, future product development efforts may lead to additional products that we desire to commercialize. In this
case, we will request expanding the exclusive and/or non-exclusive products defined by the Licensing Agreement, but there can be no assurance
that EnWave will grant such requests.

 9 

We
rely on a small number of suppliers to provide our raw materials, and our supply chain may be interrupted and prevent us from obtaining
the necessary materials we need to operate.

We
rely on limited number of suppliers and partners to meet our high-quality standards and supply products in a timely and efficient manner.
There is, however, no assurance that quality natural and organic products will continue to be available to meet our specific and growing
needs. This may be due to, among other reasons, problems with our suppliers’ and vendors’ businesses, finances, labor relations,
ability to export materials, product quality issues, costs, production, insurance and reputation, as well as disease pandemics, epidemics
or outbreaks such as COVID-19, acts of war, terrorism, natural disasters, fires, earthquakes, flooding or other catastrophic occurrences.
If, for any reason, our suppliers or vendors became unable or unwilling to continue to provide services to us, this would likely lead
to an interruption in our ability to import our products until we find another source that could provide these services. Failure to find
a suitable replacement, even on a temporary basis, would have a material adverse effect on our ability to meet our current production
targets, make it difficult to grow and would have an adverse effect on our results of operations.

Competition
in the food retail industry is intense and presents an ongoing threat to the success of our business.

The
food retail industry is very competitive. In our online and wholesale business, we compete with food retail stores, supermarkets, warehouse