Company: BOF
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023605
Chunk: 11

Company: BranchOut Food Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 11
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 and vegetable snacks and powders manufactured at a 50,000 square foot production facility leased by the Company in Pisco,
Peru.

In
April 2024, we formed BranchOut Food Sucursal Peru, our Peruvian wholly-owned subsidiary, to operate our production facility in Pisco
Peru, which commenced operations in December 2024. Our products are produced using our advanced dehydration platform licensed exclusively
from EnWave Corporation (“EnWave”) to create our private label, branded, and bulk wholesale products. We use proprietary
GentleDry™ Technology optimized to preserve taste, texture, color, and nutrients. Our GentleDry™ Technology is protected
by over 17 patents. Prior to operating our production facility, we relied on contract manufacturers.

Basis
of Accounting

The
accompanying unaudited condensed consolidated financial statements have been prepared by the Company in accordance with accounting principles
generally accepted in the United States of America (“GAAP”) for interim financial reporting and as required by pursuant to
the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). Accordingly, they do not include all the
information and notes required by GAAP for complete financial statements. In the opinion of the Company’s management, the accompanying
unaudited condensed consolidated financial statements contain all adjustments (consisting of items of a normal and recurring nature)
necessary to present fairly the financial position as of June 30, 2025, the results of operations for the three and six months ended
June 30, 2025 and 2024, and cash flows for the six months ended June 30, 2025 and 2024. The results of operations for the three and six
months ended June 30, 2025 are not necessarily indicative of the results to be expected for the full year. The balance sheet as of December
31, 2024 was derived from our audited financial statements. The accompanying condensed consolidated financial statements and notes thereto
should be read in conjunction with the audited financial statements for the year ended December 31, 2024, which were included in our
Annual Report on Form 10-K. The Company follows the same accounting policies in the preparation of interim reports.

Principles
of Consolidation

The
accompanying consolidated financial statements include the accounts of the following entities, all of which were under common control
and ownership at June 30, 2025:

    Name
    of Entity
     
    Jurisdiction