Company: BOF
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004712
Chunk: 1209

Company: BranchOut Food Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 5
Chunk 1209
---
 2024  
    2023 
  
    Interest on convertible notes
    payable, related parties 
    $115,989  
    $3,696 
  
    Amortization of debt discounts on related
    party convertible notes 
     22,956  
     - 
  
    Amortization of debt discounts on related
    party convertible notes, warrants 
     6,415  
     - 
  
    Amortization of debt discounts on related
    party convertible notes 
     6,415  
     - 

    Interest on convertible notes payable 
     -  
     138,316 
  
    Interest on notes payable 
     19,809  
     214,430 
  
    Interest on notes payable, related parties 
     235,200  
     - 
  
    Interest on notes payable 
     235,200  
     - 

    Amortization of debt discounts on related
    party notes 
     258,790  
     20,000 
  
    Amortization of debt discounts on modification
    of Eagle Vision warrants 
     89,949  
     - 
  
    Amortization of debt discounts on related
    party notes, warrants 
     80,908  
     46,090 
  
    Amortization of debt discounts on related
    party notes 
     80,908  
     46,090 

    Interest on other current liability, first
    position mortgage 
     33,215  
     - 
  
    Interest on revolving line of credit 
     -  
     8,251 
  
    Finance charge on letter of credit 
     -  
     2,082 
  
    Interest on credit
    cards 
     -  
     2,406 
  
    Total
    interest expense 
    $863,231  
    $435,271 

    F-19

BRANCHOUT
                                            FOOD INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

Note
16 – Leases

Equipment
Lease

The
Company has financed production equipment with an acquisition cost of approximately $168,141 under a finance lease with a five-year term
and a bargain purchase price of $1.00 at the end of the lease term. The finance lease commenced on May 9, 202