Company: BOF
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004712
Chunk: 1316

Company: BranchOut Food Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 6
Chunk 1316
---

    Current portion of operating
    lease liability 
    $-  
     - 
  
    Noncurrent operating
    lease liability 
     1,573,035  
     - 
  
    Total operating lease
    liability 
    $1,573,035  
    $- 
  
    Finance lease: 

    Finance lease assets 
    $131,461  
    $147,228 

    Current portion of finance
    lease liability 
    $29,243  
     30,901 
  
    Noncurrent finance lease
    liability 
     92,761  
     101,029 
  
    Total
    finance lease liability 
    $122,004  
    $131,930 

    Weighted average remaining lease term: 

    Operating lease 
     9.86
                                            years  
     - 
  
    Finance lease 
     3.13
                                            years  
     3.35
                                            years 

    Weighted average discount rate: 

    Operating lease 
     9% 
     - 
  
    Finance lease 
     11% 
     11%

    F-20

BRANCHOUT
                                            FOOD INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

Supplemental
cash flow and other information related to finance leases was as follows:

 Schedule of Supplemental Cash and Other Information Related to finance Leases

    2024  
    2023 

    For the Years Ended 

    December
    31, 

    2024  
    2023 
  
    Cash paid for amounts included in the measurement
    of lease liabilities: 

    Operating
    cash flows provided by operating leases 
    $25,853  
    $- 
  
    Finance
    cash flows used for finance leases 
    $9,926  
    $- 

     - 
  
    Leased assets obtained in exchange for lease
    liabilities: 
        
     - 
  
    Total
    operating lease liabilities 
    $1,547,182  
    $- 
  
    Total
    finance lease liabilities 
    $184,592  
    $- 

The
future minimum lease payments due under operating leases as of December 31, 2024 is as follows:

 Schedule of Future Minimum Operating Lease Payments