Company: BOF
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010566
Chunk: 112

Company: BranchOut Food Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 2
Chunk 112
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31,  
    Increase / 

    2025  
    2024  
    (Decrease) 

    Net revenue 
    $3,193,522  
    $1,467,016  
    $1,726,506 
  
    Cost of goods sold 
     2,641,007  
     1,183,428  
     1,457,579 
  
    Gross profit 
     552,515  
     283,588  
     268,927 

    Operating expenses: 

    General and administrative 
     685,779  
     319,736  
     366,043 
  
    Salaries and benefits 
     314,242  
     598,286  
     (284,044)
  
    Professional services 
     235,034  
     390,666  
     (155,632)
  
    Total operating expenses 
     1,235,055  
     1,308,688  
     (73,633)

    Operating loss 
     (682,540) 
     (1,025,100) 
     (342,560)

    Other income (expense): 

    Interest income 
     5,136  
     2,877  
     2,259 
  
    Interest expense 
     (240,978) 
     (28,744) 
     212,234 
  
    Total other income (expense) 
     (235,842) 
     (25,867) 
     209,975 

    Net loss 
    $(918,382) 
    $(1,050,967) 
    $(132,585)

Net
Revenue

Our
net revenue for the three months ended March 31, 2025 was $3,193,522, compared to $1,467,016 for the three months ended March 31, 2024,
an increase of $1,726,506, or 118%. The increase in revenue was primarily due to increased sales to our two largest customers during
the three months ended March 31, 2025.

Cost
of Goods Sold and Gross Profit

Our
cost of goods sold for the three months ended March 31, 2025 was $2,641,007, compared to $1,183