Company: BFRG
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023496
Chunk: 50

Company: BullFrog AI Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 50
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 does not currently meet. In accordance with Nasdaq rules,
the Company had 45 calendar days, or until October 6, 2025, to submit a plan to regain compliance. After submitting the plan to regain
compliance, on October 7, 2025, Nasdaq granted the Company an extension until February 17, 2026, to comply with Listing Rule 5550(b)(1).
The Company is taking steps in accordance with its plan to regain and evidence compliance with the Stockholders’ Equity Rule or
meet the alternative compliance standards, but there can be no assurance that the Company will regain compliance.

The
accompanying unaudited condensed 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 unaudited condensed consolidated financial statements do not include any adjustments that might result from
the outcome of this uncertainty.

2.Summary
                                            of Significant Accounting Policies

Other
than as noted below, the Company’s significant accounting policies as disclosed in the notes to its audited consolidated financial
statements included in its Annual Report on Form 10-K for the fiscal year ended December 31, 2024 have not materially changed during
the nine months ended September 30, 2025.

Basis
of Presentation

The
accompanying unaudited condensed 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”)
for interim financial information. All intercompany accounts and transactions have been eliminated in consolidation.

The
condensed consolidated statements are unaudited and should be read in conjunction with the consolidated financial statements and related
notes included in the Company’s 2024 Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 14,
2025. The unaudited condensed consolidated financial statements have been prepared on a basis consistent with the audited annual consolidated
financial statements included in the Form 10-K and, in the opinion of management, include all adjustments of a normal recurring nature
necessary to fairly state its financial position, results of operations, and cash flows.

    7

The
results for the nine months ended September 30, 2025 are not necessarily indicative of the operating results expected for the year ending
December 31, 2025 or any