Company: BOF
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004712
Chunk: 111

Company: BranchOut Food Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 8
Chunk 111
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adjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access
at the measurement date.

Level
2 - Inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets
or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (e.g.,
interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data by correlation
or other means (market corroborated inputs).

Level
3 - Unobservable inputs that reflect our assumptions about the assumptions that market participants would use in pricing the asset or
liability.

The
following schedule summarizes the valuation of financial instruments at fair value on a recurring basis in the balances sheet as of December
31, 2024 and 2023:

 Schedule of Valuation of Financial Instruments at Fair Value on a Recurring Basis

    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 
     -  
     1,846,147  
     - 
  
    Notes payable, related parties 
     -  
     1,200,000  
     - 
  
    Lease liabilities 
     -  
     -  
     1,674,064 
  
    Total
    liabilities 
     -  
     3,046,147  
     5,077,477 
  
    Total assets and liabilities 
    $2