Company: BFRG
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001493152-25-010367
Chunk: 554

Company: BullFrog AI Holdings, Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 4
Chunk 554
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Net Loss per
Share

The
Company calculates basic net loss per common share by dividing the net loss available to common stockholders by the weighted-average
number of shares of common stock outstanding during the period.

Diluted
earnings per share is computed by giving effect to all potentially dilutive common stock equivalents in the period, including unvested
stock options and warrants. As the Company has reported losses for all periods presented, all potentially dilutive securities have been
excluded from the calculation of diluted net loss per common share as their effect would be antidilutive.

Recent Accounting
Pronouncements

In
January 2024, the Company adopted Accounting Standards Update (ASU) 2023-07, Improvements to Reportable Segment Disclosures (Topic
280). The new standard improves reportable segment disclosure requirements, primarily through enhanced disclosures about significant
segment expenses that are regularly provided to the chief operating decision maker. ASU 2023-07 also clarifies that entities with a single
reportable segment are subject to both new and existing reporting requirements under Topic 280. See the Segment Reporting section
within Note 2.

In
December 2023, the FASB issued ASU No. 2023-09: Income Taxes (Topic 740): Improvements to Income Tax Disclosures that
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 does not believe that any other recently issued effective pronouncements, or pronouncements issued but not yet effective, if
adopted, would have a material effect on the accompanying financial statements.

 3. Property and Equipment

Property and
equipment consisted of $8,744 of equipment at both December 31, 2024 and 2023 and accumulated depreciation of $4,494 and $2,770, as of
December 31, 2024 and 2023, respectively. 

Depreciation
expense totaled $1,724 and $1,725 in the years ended December 31, 2024 and 2023, respectively.

     F-10 

 4.