Company: BOF
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004712
Chunk: 299

Company: BranchOut Food Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 299
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 purchases from non-US suppliers represented
most of our raw material purchases in 2024 and 2023, and we expect our international purchases to grow. We may in the future also enter
into agreements with distributors in foreign countries to sell our products. All of these activities are subject to the uncertainties
associated with international business operations, including:

    ●
    difficulties with foreign and geographically
    dispersed operations;

    ●
    having to comply with various U.S. and international
    laws;

 11 

    ●
    changes and uncertainties relating to foreign
    rules and regulations;

    ●
    tariffs, export or import restrictions,
    restrictions on remittances abroad, imposition of duties or taxes that limit our ability to import necessary materials;

    ●
    limitations on our ability to enter into
    cost-effective arrangements with distributors, or at all;

    ●
    fluctuations in foreign currency exchange
    rates;

    ●
    imposition of limitations on production,
    sale, or export in foreign countries, including due to COVID-19 or other epidemics, pandemics, outbreaks and quarantines;

    ●
    imposition of limitations on or increase
    of withholding and other taxes on remittances and other payments by foreign processors or joint ventures;

    ●
    imposition of differing labor laws and standards;

    ●
    economic, political, environmental, health-related
    or social instability in foreign countries and regions;

    ●
    an inability, or reduced ability, to protect
    our intellectual property;

    ●
    availability of government subsidies or
    other incentives that benefit competitors in their local markets that are not available to us;

    ●
    difficulties in recruiting and retaining
    personnel, and managing international operations;

    ●
    difficulties in enforcing contracts and legal decisions; and

    ●
    less developed infrastructure.

In
particular, there has been significant recent political instability in Peru and Chile, where our contract manufacturers are located.
There can be no assurance that political instability in those countries will not materially and adversely affect our contract manufacturers
and, in turn, our ability to source our products.

If
we expand into other target markets, we cannot assure you that our expansion plans will be realized, or if realized, be successful. We
expect each market to have particular regulatory and funding hurdles to overcome, and future developments in these markets, including
the uncertainty relating to governmental policies and regulations, could harm our business. If we expend significant time and resources