Company: BFRG
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023496
Chunk: 53

Company: BullFrog AI Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 53
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 hierarchy for disclosures of fair value measurements, defined as follows:

Level
1 - inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.

Level
2 - inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are
observable for the assets or liabilities, either directly or indirectly, for substantially the full term of the financial instruments.

Level
3 - inputs to the valuation methodology are unobservable and significant to the fair value. The Company does not have any assets or liabilities
that are required to be measured and recorded at fair value on a recurring basis.

Recent
Accounting Pronouncements

In
December 2023, the FASB issued ASU No. 2023-09 which requires entities to disclose additional information about federal, state, and foreign
income taxes primarily related to the income tax rate reconciliation and income taxes paid. The new standard also eliminates certain
existing disclosure requirements related to uncertain tax positions and unrecognized deferred tax liabilities. The guidance is effective
for the Company’s fiscal year ending December 31, 2025. The guidance does not affect recognition or measurement in the Company’s
consolidated financial statements. The Company is in the process of evaluating the effects of this guidance on its condensed consolidated
financial statements. 

In
July 2025, the FASB issued ASU No. 2025-05 which amends Topic 326. Specifically, the ASU provides a practical expedient whereby an entity
can assume that current conditions as of the balance sheet date will not change for the remaining life of the asset (e.g., the accounts
receivable). This guidance is effective for the Company’s fiscal year ending December 31, 2026 and can be adopted early. The Company
is in the process of evaluating the effects of this guidance on its condensed consolidated financial statements.

In
September 2025, the FASB issued ASU No. 2025-07 which, among other things, provides scope clarification for share-based noncash consideration
from a customer in a revenue contract. Specifically, the ASU clarifies that share-based payments from customers in exchange for the transfer
of goods or services should be accounted for as noncash consideration within the scope of ASC 606 as opposed to as a derivative pursuant
to ASC 815 or as an equity security pursuant to ASC 321. This guidance is effective for the Company’s fiscal year ending December
31, 202