Company: BFRG
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023560
Chunk: 88

Company: BullFrog AI Holdings, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 3
Chunk 88
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  complete the transfer of the overall accounting process to
an enterprise type accounting platform;

  ●
  review the design and effectiveness of our controls including
the creation of an annual risk assessment and ongoing monitoring activities;

  ●
  evaluate all internal and external resources to ensure they
are appropriate for the level and complexity of our current operations;

  ●
  hired a Corporate Controller in 2024; and

  ●
  engaged a third-party specialist to assist in the remediation
and ongoing evaluation of our internal controls over financial reporting.

While
we believe that these efforts will improve our internal control over financial reporting, the implementation of these measures is ongoing
and will require validation and testing of the design and operating effectiveness of internal controls over a sustained period of financial
reporting cycles. We will continue to monitor and evaluate the effectiveness of our internal controls over financial reporting on an
ongoing basis and are committed to taking further action and implementing additional enhancements or improvements, as necessary and as
funds allow. We cannot assure you that the measures we have taken to date, or that we may take in the future, will be sufficient to remediate
the material weaknesses we have identified or avoid potential future material weaknesses. Accordingly, there could continue to be a reasonable
possibility that a material misstatement of our financial statements would not be prevented or detected on a timely basis.

Changes
in Internal Control Over Financial Reporting 

Other
than the material weakness remediation efforts described above, there has been no change in the Company’s internal control over
financial reporting during the Company’s most recent quarter that has materially affected, or is reasonably likely to materially
affect, the Company’s internal control over financial reporting.

22

PART
II. OTHER INFORMATION

Item
1 Legal Proceedings.

To
our best knowledge, we are currently not a party to any legal proceedings that, individually or in the aggregate, are deemed to be material
to our financial condition or results of operations.

Item
1A Risk Factors.

Smaller
reporting companies are not required to provide the information required by this item.

Item
2 Unregistered Sales of Equity Securities and Use of Proceeds.

There
were no unregistered sales of equity securities during the six months ended June 30, 2025.

Item
3 Defaults Upon Senior Securities.

None.

Item
4 Mine Safety Disclosures.

Not
applicable.

Item
5 Other Information. 

(c)
Insider Trading Arrangements

During
the quarter ended June 30,