Company: BFRG
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001641172-25-009946
Chunk: 3

Company: BullFrog AI Holdings, Inc.
Filing Date: 2025-05-13
Form: 10-Q
Item: Item 1
Chunk 3
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 in operating assets and liabilities: 

    Prepaid expenses 
     (168,529) 
     (486,714)
  
    Accounts payable 
     (225,400) 
     50,886 
  
    Accrued expenses 
     312,638  
     102,140 
  
    Net cash used in operating activities 
     (1,798,125) 
     (1,901,634)

    Cash flows from investing activities: 

    Purchases of property and equipment 
     -  
     - 
  
    Net cash used in investing activities 
     -  
     - 

    Cash flows from financing activities: 

    Proceeds from issuance of common stock and warrants, net of issuance costs 
     -  
     5,674,651 
  
    Proceeds from warrant exercises 
     -  
     105,816 
  
    Proceeds from short term insurance financing 
     181,797  
     561,885 
  
    Payments on short term insurance financing 
     (17,727) 
     (54,731)
  
    Net cash provided by financing activities 
     164,070  
     6,287,621 

    Net (decrease) increase in cash and cash equivalents 
     (1,634,055) 
     4,385,987 

    Cash and cash equivalents, beginning of period 
     5,435,983  
     2,624,730 
  
    Cash and cash equivalents, end of period 
    $3,801,928  
    $7,010,717 

    Supplemental cash flow information: 

    Cash paid for interest 
    $1,015  
    $3,273 
  
    Cash paid for taxes 
    $-  
    $- 

The
accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

5

Bullfrog
AI Holdings, Inc.

Notes
to Condensed Consolidated Financial Statements (Unaudited)

1. Organization and Nature of Business

Description
of Business

Bullfrog
AI Holdings, Inc. (“we”, “our” or the “Company”) was incorporated in the State of Nevada on February
6, 2020. Bullfrog AI Holdings, Inc. is the parent company of Bullfrog AI,