Company: BOF
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010566
Chunk: 84

Company: BranchOut Food Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 8
Chunk 84
---
 9.86 years  
  
    Finance lease 
     2.90 years  
     3.13 years  

    Weighted average discount rate: 

    Operating lease 
     9% 
     9%
  
    Finance lease 
     11% 
     11%

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

 Schedule of Supplemental Cash and Other Information Related to finance Leases 

    2025  
    2024 

    For the Three Months Ended 

    March 31, 

    2025  
    2024 
  
    Cash paid for amounts included in the measurement of lease liabilities: 

    Operating cash flows used for operating leases 
    $10,085  
    $- 
  
    Finance cash flows used for finance leases 
    $7,687  
    $7,411 

    19

BRANCHOUT FOOD INC.

NOTES TO THE CONDENSED
FINANCIAL STATEMENTS

(Unaudited)

The
future minimum lease payments due under operating leases as of March 31, 2025 is as follows:

 Schedule of Future Minimum Operating Lease Payments 

    Year Ending 
    Minimum Lease 
  
    December 31, 
    Commitments 
  
    2025 (for the three months remaining) 
    $72,000 
  
    2026 
     192,000 
  
    2027 
     256,000 
  
    2028 
     280,000 
  
    2029 
     296,000 
  
    Thereafter 
     1,300,000 
  
    Total minimum lease payments 
     2,396,000 
  
    Less effects of discounting 
     812,880 
  
    Lease liability recognized 
     1,583,120 
  
    Less current portion 
     - 
  
    Long-term operating lease liability 
    $1,583,120 

The
future minimum lease payments due under finance leases as of March 31, 2025 is as follows:

 Schedule
of Future Minimum Lease Payments 

    Year Ending 
    Minimum Lease 
  
    December 31, 
    Commitments 
  
    2025 (for the three months remaining) 
    $29,257 
  
    2026 
     43,886 
  
    202