Company: BOF
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010566
Chunk: 48

Company: BranchOut Food Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 48
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 common stock sales, and debt and equity
financing. As of March 31, 2025, we had cash of $2,386,381, total liabilities of $10,230,144, and an accumulated deficit of $18,480,439.
As of December 31, 2024, we had cash of $2,329,452, total liabilities of $10,514,292, and an accumulated deficit of $17,562,057.

Cash
Flow

Comparison
of the Three Months Ended March 31, 2025 and the Three Months Ended March 31, 2024

The
following table sets forth the primary sources and uses of cash for the periods presented below:

    Three Months Ended 

    March 31, 

    2025  
    2024 
  
    Net cash used in operating activities 
    $(1,927,122) 
    $(503,578)
  
    Net cash used in investing activities 
     (377,841) 
     (40,100)
  
    Net cash provided by financing activities 
     2,461,215  
     137,589 
  
    Effect of exchange rate changes on cash 
     8,209  
     - 

    Net change in cash 
    $56,929  
    $(406,089)

Net
Cash Used in Operating Activities

Net
cash used in operating activities was $1,927,122 for the three months ended March 31, 2025, compared to $503,578 for the three months
ended March 31, 2024, an increase of $1,423,544, or 283%. The increase was primarily due to our increased accounts receivable as of March 31, 2025.

Net
Cash Used in Investing Activities

Net
cash used in investing activities was $377,841 for the three months ended March 31, 2025, compared to $40,100 for the three months ended
March 31, 2024, an increase of $337,741, or 842%. This increase was primarily attributable to $377,841 of property and equipment purchases,
compared to $50,000 of property and equipment purchases, as partially offset by $9,900 of advances received on notes receivable, in the
comparative period.

Net
Cash Provided by Financing Activities

Net
cash provided by financing activities was $2,