Company: BOF
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010566
Chunk: 5

Company: BranchOut Food Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 5
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-  
    $(13,861,508) 
    $1,694,348 

See accompanying notes to financial statements.

5

BRANCHOUT FOOD INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

    2025  
    2024 

    For the Three Months Ended 

    March 31, 

    2025  
    2024 
  
    Cash flows from operating activities 

    Net loss 
    $(918,382) 
    $(1,050,967)
  
    Adjustments to reconcile net loss to net cash used in operating activities: 

    Depreciation expense 
     152,355  
     56,336 
  
    Loss on disposal of property and equipment 
     558  
     - 
  
    Amortization of debt discounts 
     16,419  
     14,666 
  
    Common stock issued for services 
     -  
     149,594 
  
    Options and warrants issued for services 
     4,024  
     376,384 
  
    Decrease (increase) in assets: 

    Accounts receivable 
     (1,035,104) 
     135,573 
  
    Advances on inventory purchases 
     (109,301) 
     (319,974)
  
    Inventory 
     340,668  
     218,740 
  
    Other current assets 
     (14,325) 
     (31,437)
  
    Right-of-use asset 
     47,075  
     8,454 
  
    Other assets 
     (202,464) 
     - 
  
    Increase (decrease) in liabilities: 

    Accounts payable 
     (56,513) 
     14,194 
  
    Accounts payable, related parties 
     -  
     12,000 
  
    Accrued expenses 
     (162,217) 
     (87,141)
  
    Operating lease liability 
     10,085  
     - 
  
    Net cash used in operating activities 
     (1,927,122) 
     (503,578)

    Cash flows from investing activities 

    Purchase of property and equipment 
     (377,841) 
     (50,