Company: BOF
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004712
Chunk: 722

Company: BranchOut Food Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1C
Chunk 722
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    2024  
    2023 
  
    Cash flows from operating
    activities 

    Net loss 
    $(4,751,516) 
    $(3,925,710)
  
    Adjustments to reconcile
    net loss to net cash used in operating
    activities: 

    Bad debts expense 
     25,586  
     - 
  
    Depreciation expense 
     205,907  
     223,856 
  
    Amortization of debt discounts 
     369,069  
     66,090 
  
    Impairment of assets 
     -  
     761,085 
  
    Common stock issued for
    services 
     290,085  
     159,140 
  
    Options and warrants issued
    for services 
     414,614  
     99,434 
  
    Amended warrants 
     89,949  
     - 
  
    Decrease (increase) in
    assets: 

    Accounts receivable 
     191,500  
     (557,313)
  
    Advances on inventory purchases 
     (123,792) 
     (3,015)
  
    Inventory 
     (1,593,730) 
     (177,044)
  
    Other current assets 
     (66,272) 
     (278,891)
  
    Right-of-use asset 
     118,913  
     21,092 
  
    Other assets 
     (1,947,483) 
     - 
  
    Increase (decrease) in
    liabilities: 

    Accounts payable 
     811,131  
     143,009 
  
    Accounts payable, related
    parties 
     -  
     (40,140)
  
    Accrued expenses 
     1,080,370  
     (20,965)
  
    Operating lease liability 
     25,853  
     - 
  
    Net cash used in operating
    activities 
     (4,859,816) 
     (3,529,372)

    Cash flows from investing
    activities 

    Purchase of property and
    equipment 
     (2,847,207) 
     (116,565)
  
    Payments received on notes
    rece