Company: BOF
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010566
Chunk: 110

Company: BranchOut Food Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 2
Chunk 110
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 and/or flavor loss. As a result, certain
highly sensitive fruits, such as avocados and bananas, have not previously been successfully offered as a dehydrated base for consumer
products. We believe that our licensed technology platform and process is the only way to produce quality avocado and banana-based snack
and powdered products. Additionally, we believe our licensed technology platform produces superior products when using other fruits and
vegetables when compared to conventional drying and dehydration technologies. We license technology, consisting of a portfolio of patents,
and purchased production machines, from EnWave, and we have been granted the exclusive rights to use the licensed technology platform
as applied to several products in Peru, and avocado based products in the United States. In addition, BranchOut has the nonexclusive
rights to use the licensed technology platform for other products.

Our
Products

We
plan to continue to grow revenues strategically by penetrating the multi-billion dollar grocery, industrial ingredient and online markets.
Our current product line includes:

    ●
    BranchOut Snacks: dehydrated
    fruit and vegetable-based snacks, including Avocado Chips, Chewy Banana Bites, Pineapple Chips, Brussels Sprout Crisps, Strawberry
    Crisps and Bell Pepper Crisps.

    ●
    Private Label: Prunes,
    Carrots, Brussel Sprouts and Raisins sold to major retailers.

    ●
    BranchOut Industrial Ingredients:
    Banana, Mango, Blueberry, Pineapple, Cherry Tomato, Avocado and many others.

We
are currently developing many additional products for all sales channels.

24

Going
Concern Uncertainty

As
of March 31, 2025, we had a cash balance of $2,386,381, a working capital deficit of $2,736,656 and had incurred recurring losses from
operations resulting in an accumulated deficit of $18,480,439. Although we anticipate that our results of operations will improve substantially
as a result of the recent launch of our new facility in Peru, there can be no assurance in that regard. If we continue to generate substantial
operating losses, we will not have sufficient funds to sustain our operations for the next twelve months and we will need to raise additional
cash to fund our operations. These factors raise substantial doubt about our ability to continue as a going concern.

The
condensed consolidated financial statements do not include any adjustments that might result from the outcome of any uncertainty as to
the Company’s ability to continue as a