Company: BOF
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023605
Chunk: 82

Company: BranchOut Food Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 8
Chunk 82
---
452  
    $(2,686,165) 
    $(3,452,955)

There
were no transfers of financial assets or liabilities between Level 1, Level 2 and Level 3 inputs for the six months ended June 30, 2025,
or the year ended December 31, 2024.

    14

BRANCHOUT
FOOD INC.

NOTES
TO THE CONDENSED FINANCIAL STATEMENTS

(Unaudited)

Note
4 – Major Customers and Accounts Receivable

The
Company had certain customers whose revenue individually represented 10% or more of the Company’s total net revenue, or whose accounts
receivable balances individually represented 10% or more of the Company’s total accounts receivable, as follows:

For
the six months ended June 30, 2025, three customers accounted for 97.1% of net revenue and 97.6% of accounts receivable at the end of
the period, and for the six months ended June 30, 2024, one customer accounted for 99% of net revenue and 91% of accounts receivable
at the end of the period.

Note
5 – Prepaid Expenses and Other Current Assets

Other
current assets consisted of the following as of June 30, 2025 and December 31, 2024:

Schedule
of Prelaid Expenses And Other Current Assets 

    June 30,  
    December 31, 

    2025  
    2024 
  
    Prepaid insurance costs 
    $14,057  
    $21,736 
  
    Prepaid advertising and trade show fees 
     558  
     14,944 
  
    Prepaid professional fees & license fees 
     11,500  
     27,369 
  
    Prepaid software service 
     29,333  
     - 
  
    Prepaid taxes 
     24,110  
     - 
  
    Miscellaneous prepaid expenses 
     15,692  
     19,583 
  
    Interest receivable 
     36,096  
     30,740 
  
    VAT tax receivable 
     433,931  
     - 
  
    Total other current assets 
    $565,277  
    $114,372 

Note
6 – Property and Equipment

Property
and equipment as of June 30,