Company: BOF
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023605
Chunk: 110

Company: BranchOut Food Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 8
Chunk 110
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 for the three months ended June 30, 2025, was $250,576, compared to $57,059 for the three months ended June 30, 2024,
an increase of $193,517, or 339%. Advertising and promotions expenses increased for the three months ended June 30, 2025, mostly due
to increased in-store product demos with one of our largest customers.

Other
Income (Expense)

In
the three months ended June 30, 2025, other expense was $257,135 on a net basis, consisting of $263,735 of interest expense, as partially
offset by $6,600 of interest income. For the three months ended June 30, 2024, other expense was $116,139 on a net basis, consisting
of $118,957 of interest expense, as partially offset by $2,818 of interest income. Other expense increased by $140,996, or 121%, primarily
due to the increase of interest on the Kaufman Convertible Note and Notes Payable with related parties.

Net
loss

Net
loss for the three months ended June 30, 2025, was $1,603,156, compared to $942,554 for the three months ended June 30, 2024, an increase
of $660,602, or 70%. The increased net loss was due to scaling up production at our in-house manufacturing facility. Our objective is
to achieve 100% utilization, which we believe will allow us to leverage fixed costs, improve operating efficiency, and capture additional
gross margin benefits as production volumes grow.

30

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

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

    Six Months Ended  

    June 30,  
    Increase / 

    2025  
    2024  
    (Decrease) 

    Net revenue 
    $6,493,260  
    $2,830,002  
    $3,663,258 
  
    Cost of goods sold 
     5,334,286  
     2,397,655  
     2,936,631 
  
    Gross profit 
     1,158,974  
     432,