Company: BOF
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004712
Chunk: 1180

Company: BranchOut Food Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 5
Chunk 1180
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     (534,107) 
     (740,290)
  
    Proceeds received on convertible
    notes payable, related parties 
     3,325,000  
     25,000 
  
    Proceeds received on convertible
    notes payable, unrelated parties 
     -  
     442,500 
  
    Proceeds received on notes
    payable 
     -  
     350,000 
  
    Repayment of notes payable 
     (448,353) 
     (2,420,000)
  
    Proceeds received on notes
    payable, related parties 
     2,616,210  
     - 
  
    Repayment of notes payable,
    related parties 
     (115,000) 
     - 
  
    Repayments on revolving
    line of credit 
     -  
     (91,541)
  
    Principal payments on finance
    lease 
     (9,926) 
     (36,390)
  
    Proceeds from sale of common
    stock 
     4,528,797  
     6,226,000 
  
    Net cash provided by financing
    activities 
     9,362,621  
     3,755,279 

    Effect of exchange rate
    changes on cash 
     (8,581) 
     - 

    Net increase in cash 
     1,671,663  
     109,342 
  
    Cash - beginning of period 
     657,789  
     548,447 
  
    Cash - ending of period 
    $2,329,452  
    $657,789 

    Supplemental disclosures: 

    Interest paid 
    $196,007  
    $466,337 
  
    Income taxes paid 
    $-  
    $- 

    Non-cash investing and financing transactions: 

    Equipment purchased with
    debt financing 
    $500,000  
    $- 
  
    Relative fair value of
    warrants issued as a debt discount 
    $101,866  
    $46,090 
  
    Relative fair value of
    shares issued on debt conversions 
    $-  
    $6,029,204 
  
    Initial recognition of
    right-of-use assets and lease liabilities 
    $1