Company: BFRG
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001493152-25-010367
Chunk: 278

Company: BullFrog AI Holdings, Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 1B
Chunk 278
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 going concern is dependent upon the Company obtaining the necessary financing and/or revenues
to meet its obligations arising from normal business operations when they become due.

     F-7 

Accordingly,
the Company will require additional capital to continue to execute its strategy. The Company anticipates raising this additional
capital through various avenues including sales of equity securities, debt transactions, licensing agreements and collaborative arrangements.
Although management believes that such funding sources will be available, there can be no assurance that any such arrangements will be
consummated to provide sufficient capital when needed to allow the Company to continue its operations, or if available, on terms acceptable
to it. If the Company does not raise sufficient funds in a timely manner, among other things, it may be forced to delay, scale back or
eliminate some or all of its research and product development programs and/or capital expenditures or to enter into arrangements on unfavorable
terms. The Company currently does not have commitments for future funding from any source.

The
accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates
continuity of operations, realization of assets, and satisfaction of liabilities in the ordinary course of business. Accordingly, these
consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

 2. Summary of Significant Accounting Policies

Basis
of Presentation 

The
accompanying consolidated financial statements include the accounts of Bullfrog AI Holdings, Inc. and its wholly owned subsidiaries and
have been prepared in conformity with United States generally accepted accounting principles (“GAAP”). All intercompany accounts
and transactions have been eliminated in consolidation.

In
February 2023, the Company completed a 1-for-7 reverse split of its common stock. Stockholders’ equity and all references to shares
and per share amounts in the accompanying consolidated financial statements have been adjusted to reflect the reverse stock split for
all periods presented.

Use
of Estimates

The
preparation of consolidated financial statements in conformity with GAAP requires the Company to make estimates and assumptions that
affect the amounts reported in the consolidated financial statements and accompanying notes. These estimates include, but are not limited
to, revenue recognition, stock-based compensation, allowances for doubtful accounts, recoverability of deferred tax assets and certain
other accrued liabilities. Actual results could differ from these estimates.

Segment
Reporting

The
Company’s chief operating decision maker (“CODM”) is the Company’s Chief Executive Officer. The CODM is