Company: BOF
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021655
Chunk: 42

Company: BranchOut Food Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 1
Chunk 42
---
     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.
The Company’s products are currently manufactured at its new production facility that commenced production in Pisco Peru in December
2024, and is supported by contract manufacturers in Peru, as necessary. The Company’s customers are located throughout the United
States. The Company’s sales operations, which