Company: BOF
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004712
Chunk: 1256

Company: BranchOut Food Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 6
Chunk 1256
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 as we become more vertically integrated with the transition
of more of our production from third party contract manufacturers to internal production.

Using
our licensed technology platform, we believe our lines of branded, private-label and industrial ingredient products positively address
current consumer trends. In our experience, conventional dehydration methods, such as freeze-drying and air drying, tend to degrade most
fruit and vegetables through oxidation, browning/color degradation, nutritional content reduction 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.

 26 

Going
Concern Uncertainty

As
of December 31, 2024, we had a cash balance of $2,329,452, a working capital deficit of $3,897,382 and had incurred recurring losses
from operations resulting in an accumulated deficit of $17,562,057. Subsequent to December 31, 2024, we received gross proceeds of approximately
$2.4 million from sales of our common stock in an “At-the