Company: BOF
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004712
Chunk: 303

Company: BranchOut Food Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 303
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 a product
liability claim is unsuccessful or is not fully pursued, the negative publicity surrounding any assertion that our products caused illness
or physical harm could cause consumers to lose confidence in the safety and quality of our products. Moreover, claims or liabilities
of this type might not be covered by our insurance or by any rights of indemnity or contribution that we may have against others. Although
we maintain product liability and product recall insurance in an amount that we believe to be consistent with market practice, we cannot
be sure that we will not incur claims or liabilities for which we are not insured or that exceed the amount of our insurance coverage.
A product liability judgment against us or a product recall could have a material adverse effect on our business, financial condition,
results of operations or liquidity.

 13 

We
may be subject to significant liability that is not covered by insurance.

Although
we believe that our insurance coverage is consistent with industry practice, any claim under our insurance policies may be subject to
certain exceptions, may not be honored fully, in a timely manner, or at all, and we may not have purchased sufficient insurance to cover
all losses incurred. If we were to incur liabilities not covered by insurance or if our business operations were interrupted for a substantial
period, we could incur costs and suffer losses. Additionally, insurance coverage may not be available to us at commercially acceptable
premiums in the future, or at all.

We
rely on independent certification for a number of our products.

We
rely on independent third-party certification, such as certifications of our products as “Organic”, “KETO”, “Gluten
Free”, “Vegan” or “Non-GMO” (non-genetically modified organisms), to differentiate our products from others.
We must comply with the requirements of independent organizations or certification authorities in order to label our products as certified.
The loss of any independent certifications could adversely affect our market position as a natural products company and harm our business.

Our
future results of operations may be adversely affected by the availability of certifiable ingredients.

Our
ability to ensure a continuing supply of certifiable ingredients at competitive prices depends on many factors beyond our control, such
as the number and size of farms that grow organic crops, climate conditions, changes in national and world economic conditions, currency
fluctuations and forecasting adequate need of seasonal ingredients.

The
ingredients that we use in the production of our products (including, among others, avocados, bananas, pineapples and blueberries)