Company: BOF
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004712
Chunk: 637

Company: BranchOut Food Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1B
Chunk 637
---
 debt discounts due to warrants issued on a Subordinated Note during
the year ended December 31, 2023.

The
Company recognized aggregate interest expense for the years ended December 31, 2024 and 2023 respectively, as follows:

 Schedule of Recognized Interest Expense

    December 31,  
    December 31, 

    2024  
    2023 
  
    Interest on convertible notes
    payable, related parties 
    $115,989  
    $3,696 
  
    Amortization of debt discounts on related
    party convertible notes 
     22,956  
     - 
  
    Amortization of debt discounts on related
    party convertible notes, warrants 
     6,415  
     - 
  
    Amortization of debt discounts on related
    party convertible notes 
     6,415  
     - 

    Interest on convertible notes payable 
     -  
     138,316 
  
    Interest on notes payable 
     19,809  
     214,430 
  
    Interest on notes payable, related parties 
     235,200  
     - 
  
    Interest on notes payable 
     235,200  
     - 

    Amortization of debt discounts on related
    party notes 
     258,790  
     20,000 
  
    Amortization of debt discounts on modification
    of Eagle Vision warrants 
     89,949  
     - 
  
    Amortization of debt discounts on related
    party notes, warrants 
     80,908  
     46,090 
  
    Amortization of debt discounts on related
    party notes 
     80,908  
     46,090 

    Interest on other current liability, first
    position mortgage 
     33,215  
     - 
  
    Interest on revolving line of credit 
     -  
     8,251 
  
    Finance charge on letter of credit 
     -  
     2,082 
  
    Interest on credit
    cards 
     -  
     2,406 
  
    Total
    interest expense 
    $863,231  
    $435,271 

    F-19

BRANCHOUT
                                            FOOD INC.

NOTES
TO CONSOLIDATED