Company: BOF
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004712
Chunk: 289

Company: BranchOut Food Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 289
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 pricing policies and the provision of substantial discounts), which may allow
them to build larger customer bases or generate net sales from those customer bases more effectively than we are able to execute upon.
There can be no assurance that we will be able to successfully compete against these competitors.

Principal
Executive Offices

Our
principal executive offices are located at 205 SE Davis Ave., Suite C, Bend, Oregon 97702. Our telephone number is (844) 263-6637.
We believe our facilities are adequate to meet our current and near-term needs.

Employees

As
of March 31, 2025, we had approximately 185 full-time employees, including 180 employees in Peru. Our employees are not represented by
labor unions. We consider our relationship with our employees to be positive.

 6 

ITEM 1A. Risk
Factors

The
following important factors, and the important factors described elsewhere in this report or in our other filings with the SEC, could
affect (and in some cases have affected) our results and could cause our results to be materially different from estimates or expectations.
Other risks and uncertainties may also affect our results or operations adversely. The following and these other risks could materially
and adversely affect our business, operations, results or financial condition.

Risks
Related to Our Operating History, Financial Position and Capital Needs

We
are an early-stage company and have incurred significant losses since our inception. We expect to incur losses for the foreseeable future
and may never achieve or maintain profitability.

We
are an early-stage company. We were formed and commenced operations in November 2017. We face all the risks faced by newer companies,
including significant competition from existing and emerging competitors, many of which are established and have better access to capital.
In addition, as a new business, we may encounter unforeseen expenses, difficulties, complications, delays, and other known and unknown
factors. We will need to transition from an early-stage company to a company capable of supporting larger scale commercial activities.
If we are not successful in such a transition, our business, results, and financial condition will be harmed.

We
have not been profitable to date, and we expect operating losses for the near future. During the years ended December 31, 2024 and 2023,
we had net revenue of approximately $6,516,337 and $2,825,855, respectively, and incurred net losses of approximately $4,751,516 and
$3,925,710