Company: BOF
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004712
Chunk: 1331

Company: BranchOut Food Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 6
Chunk 1331
---
 average call option value of $1.7981, was $147,639.

    F-27

BRANCHOUT
                                            FOOD INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

The
following is a summary of information about our warrants to purchase common stock outstanding at December 31, 2024.

 Schedule
of Warrants to Purchase Common Stock Outstanding

    Shares
    Underlying 
  
    Shares
    Underlying Warrants Outstanding  
    Warrants
    Exercisable 

    Weighted  

    Shares  
    Average  
    Weighted  
    Shares  
    Weighted 
  
    Range
    of  
    Underlying  
    Remaining  
    Average  
    Underlying  
    Average 
  
    Exercise  
    Warrants  
    Contractual  
    Exercise  
    Warrants  
    Exercise 
  
    Prices  
    Outstanding  
    Life  
    Price  
    Exercisable  
    Price 
  
    $
    0.96-$7.50  
     3,462,162  
     5.11 years  
    $1.88  
     3,462,162  
    $1.88 

The
fair value of each warrant grant is estimated on the date of grant using the Black-Scholes option pricing model with the following weighted-average
assumptions used for grants under the fixed option plan:

 Schedule
of Weighted-Average Assumptions Used for Grants Under  Fixed Option Plan

    December 31,  
    December 31, 

    2024  
    2023 
  
    Average risk-free interest rates 
     3.56% 
     4.04%
  
    Average expected life (in years) 
     5.56  
     6.34 
  
    Volatility 
     39.15% 
     54.40%

The
weighted average fair value of warrants granted with exercise prices at the current fair value of the underlying stock was approximately
$1.09 and $6.88 per warrant for the years ended December 31, 2024 and 2023, respectively.

The
following is a summary of activity of outstanding common stock warrants, as retrospectively presented pursuant to the amendment on March
7, 2022:

 Schedule
of Outstanding Common Stock W