Company: BOF
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004712
Chunk: 1278

Company: BranchOut Food Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 6
Chunk 1278
---
ID 2738

We
have served as the Company’s auditor since 2021.

The
Woodlands, TX

April
15, 2025

F-1

BRANCHOUT
FOOD INC.

CONSOLIDATED
BALANCE SHEETS

    December 31,  
    December 31, 

    2024  
    2023 
  
    Assets 

    Current assets: 

    Cash 
    $2,329,452  
    $657,789 
  
    Accounts receivable, net 
     418,463  
     635,549 
  
    Advances on inventory purchases 
     123,792  
     - 
  
    Inventory 
     1,930,535  
     336,805 
  
    Other current assets 
     114,372  
     48,100 
  
    Total current assets 
     4,916,614  
     1,678,243 

    Property and equipment, net 
     4,056,299  
     914,999 
  
    Right-of-use assets 
     1,575,497  
     147,228 
  
    Other assets 
     1,947,483  
     - 
  
    Note receivable 
     359,982  
     384,628 

    Total Assets 
    $12,855,875  
    $3,125,098 

    Liabilities and Stockholders’
    Equity 

    Current liabilities: 

    Accounts payable 
    $1,194,079  
    $382,948 
  
    Accrued expenses 
     333,614  
     165,244 
  
    Other current liabilities 
     912,000  
     - 
  
    Convertible notes payable,
    related parties, net of discounts 
     3,333,413  
     - 
  
    Notes payable, current
    portion 
     251,647  
     200,000 
  
    Notes payable, related
    parties 
     2,760,000  
     - 
  
    Notes payable, current
    portion 
     2,760,000  
     - 

    Finance lease liability,
    current portion 
     29,243  
     30,901 
  
    Total current