Company: BOF
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010566
Chunk: 46

Company: BranchOut Food Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 46
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%. The largest components of our general and administrative expenses are advertising
and marketing, rent, travel, commissions, and storage, shipping and handling expense, as shown below.

    Three Months Ended March 31,  

    2025  
    2024  
    Difference  
    % change 

    Advertising and marketing 
    $156,226  
    $57,059  
    $99,167  
     174%
  
    Rent 
    $50,515  
    $-  
    $50,515  
     -%
  
    Travel 
    $107,445  
    $41,410  
    $66,035  
     159%
  
    Commissions 
    $61,059  
    $66,514  
    $(5,455) 
     (8)%
  
    Storage, shipping and handling 
    $106,545  
    $104,437  
    $2,108  
     2%

Advertising
and marketing expenses increased for the three months ended March 31, 2025, compared to the corresponding period in 2024, as we increased our marketing efforts in the current period, given greater available resources. Our rent increased primarily due to leases entered into in the latter half of the
prior year, as we began to develop our operating facility in Peru, which resulted in increased travel expenses for the same reason. Sales
commissions decreased as we focused most of our resources on servicing our largest customer. We expect commissions to increase as we
grow. Storage, shipping and handling expenses increased primarily due to increased international shipping rates and increased production
that was driven by our increased sales.

Salaries
and Wages

Salaries
and wages for the three months ended March 31, 2025 was $314,242, compared to $598,286 for the three months ended March 31, 2024, a decrease
of $284,044, or 47%. This decrease was primarily attributable to $376,384 of non-cash, stock-based compensation related to stock options
awarded during the prior period, compared to $4,024 of non-cash, stock-based compensation related to stock options awarded during the
current period.

Professional
Fees

Professional
fees for the three months ended March 31, 2025 was $235,034, compared to $390,666 for the three months ended March