Company: BOF
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021655
Chunk: 133

Company: BranchOut Food Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 2
Chunk 133
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 the Nine Months Ended September 30, 2025, and the Nine Months Ended September 30, 2024

The
following table sets forth the primary sources and uses of cash for the periods presented below:

    Nine Months Ended 

    September 30, 

    2025  
    2024 
  
    Net cash used in operating activities 
    $(5,064,017) 
    $(3,259,049)
  
    Net cash used in investing activities 
     (573,991) 
     (2,095,691)
  
    Net cash provided by financing activities 
     4,093,929  
     5,767,938 
  
    Effect of exchange rate changes on cash 
     26,634  
     (1,794)

    Net change in cash 
    $(1,517,445) 
    $411,404 

Net
Cash Used in Operating Activities

Net
cash used in operating activities was $5,064,017 for the nine months ended
September 30, 2025, compared to $3,259,049 for the nine months ended September 30, 2024, an increase of $1,804,968, or 55%. The increase
was primarily due to a $1,065,942 increase in accounts receivable due to increased sales volumes and a $573,303 increase in prepaid inventory
to secure raw materials.

35

Net
Cash Used in Investing Activities

Net
cash used in investing activities was $573,991 for the nine months ended September 30, 2025, compared to $2,095,691 for the nine
months ended September 30, 2024, a decrease of $1,521,700, or 73%. This decrease was primarily attributable to less equipment
purchases and capital expenditures for the build out of the Peru facility.

Net
Cash Provided by Financing Activities

Net
cash provided by financing activities was $4,093,929 for the nine months
ended September 30, 2025, compared to $5,767,938 for the nine months ended September 30, 2024, an decrease of $1,674,009, or 29%. Our decreased
cash provided by financing activities was primarily due to principal repayments on notes payable to related parties offset by proceeds
from the sale of common stock and exercise of warrants.

Effect
of Exchange Rate Changes on Cash