Company: BFRG
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001493152-25-010367
Chunk: 132

Company: BullFrog AI Holdings, Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 1
Chunk 132
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 operating expenditures for the next twelve-month
period without raising additional funds. Auditing management’s evaluation of a going concern can be a significant judgment given
the fact that the Company uses management estimates on future expenditures, which are difficult to substantiate.

We
evaluated the appropriateness of management’s evaluation of the company’s going concern, we examined and evaluated the financial
information along with management’s plans to mitigate the going concern consideration and management’s disclosure on going
concern.

/s/ M&K CPAS, PLLC 

We have served as the Company’s auditor since 2021. 

The Woodlands, Texas 

March 14, 2025

 F-2 

BULLFROG
AI HOLDINGS, INC.

CONSOLIDATED
BALANCE SHEETS

    2024  
    2023 

    December 31, 

    2024  
    2023 
  
    Assets 

    Current assets: 

    Cash and cash equivalents 
    $5,435,983  
    $2,624,730 
  
    Prepaid expenses 
     111,597  
     145,882 
  
    Total current assets 
     5,547,580  
     2,770,612 

    Property and equipment, net 
     4,250  
     5,974 
  
    Total assets 
    $5,551,830  
    $2,776,586 

    Liabilities and Stockholders’ Equity (Deficit) 

    Current liabilities: 

    Accounts payable 
    $435,934  
    $103,656 
  
    Accrued expenses 
     152,156  
     80,694 
  
    Total current liabilities 
     588,090  
     184,350 
  
    Total liabilities 
     588,090  
     184,350 

    Stockholders’ equity: 

    Series A Convertible Preferred stock, $0.00001 par value, 5,500,000 shares  authorized;
    73,449 shares issued and outstanding as of December 31, 2024 and 2023. 
     1  
     1 
  
    Common stock, $0.00001 par value, 100,000,000 shares authorized; 9,113,139 and
    6,094,