Company: BOF
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004712
Chunk: 658

Company: BranchOut Food Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1B
Chunk 658
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 information is provided to the CODM on a consolidated basis. The Company’s capital expenditures
are predominately used in the Company’s production operations, rather than its retail operations.

    F-29

BRANCHOUT
                                            FOOD INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

The
following table presents the Company’s retail operations segment revenue, measure of segment profit or loss, significant segment
expenses and reconciliation of the U.S. and Latin America operations segments’ EBITDA to consolidated net earnings before income
tax expense for the years ended December 31, 2024 and 2023:

 Schedule
of Segment Reporting

    2024  
    2023 

    For the Years Ended 

    December 31, 

    2024  
    2023 

    U.S. operations
    segment sales 
    $6,516,337  
    $2,825,855 
  
    Latin American operations
    segment cost of goods sold 
    $5,480,874  
    $2,698,229 

    U.S. operations segment expenses: 

    General and administrative 
     1,367,039  
     1,581,474 
  
    Rent 
     52,727  
     - 
  
    Salaries and wages 
     1,390,260  
     1,129,858 
  
    Professional fees 
     1,090,648  
     694,596 
  
    Total
    U.S. operating expenses 
    $3,900,674  
    $3,405,928 
  
    U.S.
    operations segment EBITDA 
    $2,615,663  
    $(580,073)

    Latin American operations
    segment cost of goods sold 
    $5,480,874  
    $2,698,229 
  
    Latin American operations segment expenses: 

    General and administrative 
     263,438  
     - 
  
    Rent 
     187,486  
     - 
  
    Salaries and wages 
     213,940  
     - 
  
    Professional fees 
     200,493  
     - 
  
    Total
    Latin American operating expenses 
     865,357  
     - 
  
    Operating expenses 
     865,357