Company: BOF
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021655
Chunk: 98

Company: BranchOut Food Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 8
Chunk 98
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    Notes payable, related parties 
     -  
     500,000  
     - 
  
    Lease liabilities 
     -  
     -  
     1,702,250 
  
    Total liabilities 
     -  
     2,034,500  
     5,053,032 
  
    Total assets and liabilities 
    $812,007  
    $(1,674,518) 
    $(3,619,407)

    Level 1  
    Level 2  
    Level 3 

    Fair Value Measurements at December 31, 2024 

    Level 1  
    Level 2  
    Level 3 
  
    Assets 

    Cash 
    $2,329,452  
    $-  
    $- 
  
    Right-of-use-asset 
     -  
     -  
     1,575,497 
  
    Notes receivable 
     -  
     359,982  
     - 
  
    Total assets 
     2,329,452  
     359,982  
     1,575,497 
  
    Liabilities 

    Convertible notes payable, related parties net of $66,587 of discounts 
     -  
     -  
     3,333,413 
  
    Notes payable 
     -  
     286,147  
     - 
  
    Notes payable, related parties 
     -  
     2,760,000  
     - 
  
    Lease liabilities 
     -  
     -  
     1,695,039 
  
    Total liabilities 
     -  
     3,046,147  
     5,028,452 
  
    Total assets and liabilities 
    $2,329,452  
    $(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 nine months ended September
30, 2025, or the year ended December 31, 2024.

Note
17 – Segment Reporting

The
Company is engaged in the development, marketing, sale, and distribution of plant-based, dehydrated fruit and vegetable snacks and powders