Company: BOF
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004712
Chunk: 430

Company: BranchOut Food Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 430
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The
following important factors, and the important factors described elsewhere in this report or in our other filings with the SEC, could
affect (and in some cases have affected) our results and could cause our results to be materially different from estimates or expectations.
Other risks and uncertainties may also affect our results or operations adversely. The following and these other risks could materially
and adversely affect our business, operations, results or financial condition.

Risks
Related to Our Operating History, Financial Position and Capital Needs

We
are an early-stage company and have incurred significant losses since our inception. We expect to incur losses for the foreseeable future
and may never achieve or maintain profitability.

We
are an early-stage company. We were formed and commenced operations in November 2017. We face all the risks faced by newer companies,
including significant competition from existing and emerging competitors, many of which are established and have better access to capital.
In addition, as a new business, we may encounter unforeseen expenses, difficulties, complications, delays, and other known and unknown
factors. We will need to transition from an early-stage company to a company capable of supporting larger scale commercial activities.
If we are not successful in such a transition, our business, results, and financial condition will be harmed.

We
have not been profitable to date, and we expect operating losses for the near future. During the years ended December 31, 2024 and 2023,
we had net revenue of approximately $6,516,337 and $2,825,855, respectively, and incurred net losses of approximately $4,751,516 and
$3,925,710, respectively. There can be no assurance that we will not continue to incur net losses in the future. We may not succeed in
expanding our customer base and product offerings and even if we do, may never generate revenue that is significant enough to achieve
profitability. Even if we do achieve profitability, we may not be able to sustain or increase profitability on a quarterly or annual
basis. Furthermore, we may not be able to control overhead expenses even where our operations successfully expand. Our failure to become
and remain profitable would depress our value and could impair our ability to raise capital, expand our business, diversify our product
offerings, or even continue our operations.

Our
audited financial statements for the years ended December 31, 2024 and 2023 included a statement from our independent registered public
accounting firm that there is substantial doubt