Company: BOF
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004712
Chunk: 1097

Company: BranchOut Food Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 4
Chunk 1097
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    Amortization
    of right-of-use asset 
    $103,146  
    $- 
  
    Interest on lease liability 
     89,853  
     - 
  
    Capitalized inventory
    costs 
     (15,313) 
     - 
  
    Total operating lease
    cost 
     177,686  
     - 
  
    Finance lease cost: 

    Amortization of right-of-use
    asset 
    $31,563  
    $- 
  
    Interest on lease liability 
     18,164  
     - 
  
    Total finance lease
    cost 
     49,727  
     - 
  
    Other short-term leases 
     12,800  
     - 
  
    Total lease costs 
    $240,213  
    $- 

Supplemental
balance sheet information related to leases was as follows:

 Schedule of Supplemental Information Related to Leases

    December 31,  
    December 31, 

    2024  
    2023 
  
    Operating lease: 

    Operating
    lease assets 
    $1,444,036  
    $- 

    Current portion of operating
    lease liability 
    $-  
     - 
  
    Noncurrent operating
    lease liability 
     1,573,035  
     - 
  
    Total operating lease
    liability 
    $1,573,035  
    $- 
  
    Finance lease: 

    Finance lease assets 
    $131,461  
    $147,228 

    Current portion of finance
    lease liability 
    $29,243  
     30,901 
  
    Noncurrent finance lease
    liability 
     92,761  
     101,029 
  
    Total
    finance lease liability 
    $122,004  
    $131,930 

    Weighted average remaining lease term: 

    Operating lease 
     9.86
                                            years  
     - 
  
    Finance lease 
     3.13
                                            years  
     3.35
                                            years 

    Weighted average discount rate: 

    Operating lease 
     9% 
     - 
  
    Finance lease 
     11% 
     11