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

Company: BullFrog AI Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 10
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 to allow the Company to continue its operations,
or if available, be 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 capital expenditures
or enter into arrangements on unfavorable terms. The Company currently does not have commitments for future funding from any source other
than those noted above. Furthermore, the issuance of additional equity securities may be significantly dilutive to the Company’s
current shareholders.

On
August 21, 2025, the Company received a letter from the listing staff of The Nasdaq Stock Market LLC (“Nasdaq”) that the
Company was no longer in compliance with the minimum stockholders’ equity requirement for continued listing on Nasdaq pursuant
to Nasdaq Listing Rule 5550(b)(1) (the “Stockholders’ Equity Rule”). The Stockholders’ Equity Rule requires companies
listed on the Nasdaq Capital Market to maintain stockholders’ equity of at least $2,500,000 or to meet alternatives of market value
of listed securities or net income from continuing operations, which the Company 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