Company: BOF
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021655
Chunk: 91

Company: BranchOut Food Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 8
Chunk 91
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 accrued interest is due and payable on May 17,
2050. The EIDL Note may be repaid at any time without penalty.

    21

The
Company has notes payable (in addition to the Senior Secured Notes and the notes payable to Kaufman Kapital described above),
consisting of the following as of September 30, 2025, and December 31, 2024:

 Schedule of Notes Payable 

    September 30,  
    December 31, 

    2025  
    2024 
  
    EnWave Equipment Loan 
    $1,500,000  
    $251,647 
  
    SBA EIDL Loan 
     34,500  
     34,500 
  
    Total notes payable 
    $1,534,500  
    $286,147 
  
    Less: current maturities 
     352,881  
     251,647 
  
    Notes payable, less current maturities 
    $1,181,619  
    $34,500 

The
Company recognized $16,727
and $9,231
of interest expense on these notes payable for the nine months ended September 30, 2025, and 2024, respectively.

The
Company recognized aggregate interest expense for the nine months ended September 30, 2025, and 2024 respectively, as follows:

 Schedule of Recognized Interest Expense 

    September 30,  
    September 30, 

    2025  
    2024 
  
    Interest on convertible notes payable, related parties 
    $311,743  
    $45,370 
  
    Amortization of debt discounts on related party convertible notes 
     13,576  
     9,838 
  
    Amortization of debt discounts on related party convertible notes, warrants 
     3,793  
     2,749 
  
    Amortization of debt discounts on related party convertible notes 
     3,793  
     2,749 

    Interest on notes payable 
     16,727  
     9,231 
  
    Interest on notes payable, related parties 
     251,636  
     131,053 
  
    Interest on notes payable 
     251,636  
     131,053 

    Amortization of debt discounts