Company: BOF
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010566
Chunk: 72

Company: BranchOut Food Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 8
Chunk 72
---
MENTS

(Unaudited)

Note
4 – Major Customers and Accounts Receivable

The
Company had certain customers whose revenue individually represented 10% or more of the Company’s total net revenue, or whose accounts
receivable balances individually represented 10% or more of the Company’s total accounts receivable, as follows:

For
the three months ended March 31, 2025, two customers accounted for 92% of net revenue and 88% of accounts receivable at the end of the
period, and for the three months ended March 31, 2024, one customer accounted for 99% of net revenue and 93% of accounts receivable
at the end of the period.

Note
5 – Other Current Assets

Other
current assets consisted of the following as of March 31, 2025 and December 31, 2024:

 Schedule of Other Current Assets 

    March 31,  
    December 31, 

    2025  
    2024 
  
    Prepaid insurance costs 
    $24,528  
    $21,736 
  
    Prepaid advertising and trade show fees 
     5,927  
     14,944 
  
    Prepaid professional fees & license fees 
     50,434  
     27,369 
  
    Prepaid taxes 
     6,472  
     - 
  
    Miscellaneous prepaid expenses 
     7,271  
     19,583 
  
    Interest receivable 
     33,403  
     30,740 
  
    Refunds receivable 
     662  
     - 
  
    Total other current assets 
    $128,697  
    $114,372 

Note
6 – Property and Equipment

Property
and equipment as of March 31, 2025 and December 31, 2024 consisted of the following:

 Schedule
of Property and Equipment 

    March 31,  
    December 31, 

    2025  
    2024 
  
    Equipment and machinery 
    $4,957,824  
    $4,580,541 
  
    Less: Accumulated depreciation 
     (676,597) 
     (524,242)
  
    Total property and equipment, net 
    $4,281,227  
    $4,056,299