Company: BOF
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021655
Chunk: 125

Company: BranchOut Food Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 2
Chunk 125
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,267,000,
of which payments were made in various installments totaling $355,000 as of December 31, 2024 and $912,000 during the nine months ended
September 30, 2025.

30

Results
of Operations for the Three Months Ended September 30, 2025, and 2024

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

    Three Months Ended  

    September 30,  
    Increase / 

    2025  
    2024  
    (Decrease) 

    Net revenue 
    $3,220,027  
    $2,181,495  
    $1,038,532 
  
    Cost of goods sold 
     2,650,477  
     1,845,155  
     805,322 
  
    Gross profit 
     569,550  
     336,340  
     233,210 
  
    Gross margin 
     17.7% 
     15.4% 

    Operating expenses: 

    General and administrative 
     897,512  
     316,688  
     580,824 
  
    Salaries and benefits 
     422,069  
     309,433  
     112,636 
  
    Professional services 
     248,640  
     369,525  
     (120,885)
  
    Advertising and promotions 
     271,872  
     125,597  
     146,275 
  
    Shipping and handling 
     156,961  
     118,252  
     38,709 
  
    Total operating expenses 
     1,997,054  
     1,239,495  
     757,559 

    Operating loss 
     (1,427,504) 
     (903,155) 
     (524,349)

    Other income (expense): 

    Interest income 
     3,916  
     2,882  
     1,034 
  
    Interest expense 
     (148,964) 
     (370,532) 
     221,568 
  
    Total other income (expense)