Company: BOF
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004712
Chunk: 685

Company: BranchOut Food Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1C
Chunk 685
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Risk
Management and Strategy

We
periodically assess risks from cybersecurity threats, and monitor our information systems for potential vulnerabilities. However, to
date, given the small size of our company and the nature of our operations, our reliance on information systems has been limited to the
use of standard off-the-shelf software (such as Google, QuickBooks and Microsoft Office) and the use by our employees of standard personal
computers. Accordingly, management has not implemented any formal process for assessing, identifying, and managing risks from cybersecurity
threats.

Risks
from cybersecurity threats have, to date, not materially affected us, our business strategy, results of operations or financial condition.
We discuss how cybersecurity incidents could materially affect us in our risk factor disclosures in Item 1A of this Annual Report on
Form 10-K.

Governance

As
discussed above, given the nature of our current operations and our experience to date, we do not currently perceive cybersecurity as
a particularly significant risk to our business. Accordingly, we have not tasked our Board of Directors with any additional cybersecurity
oversight duties, or designated any committee of the Board of Directors to specifically oversee cybersecurity risks to our business.

ITEM
2. Properties

The
address of our principal executive offices is 205 SE Davis Ave., Suite C, Bend, Oregon 97702. We do not maintain offices at this address
and do not own or lease office or other space in the United States. Each of our U.S. employees works remotely and we pay for meeting
and office space on an as needed basis with no long-term commitment.

 20 

On
May 10, 2024, we entered into a ten-year lease for the 50,000 square-foot Peru Facility. The lease of the Peru Facility requires monthly
lease payments of $8,000 in the first two years of the lease, $20,000 in the third year of the lease, $22,000 in the fourth year of the
lease, $24,000 in the fourth year of the lease, and $25,000 thereafter. The lease also has a 10-year renewal option, and a buy-out option
under which we may purchase the Peru Facility for $1,865,456.

We
believe that our current facilities are adequate for our current needs.

ITEM
3. Legal Proceedings

From
time to time, we may be involved in various disputes and litigation matters that arise in the ordinary course of business. We are not