Company: BOF
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023605
Chunk: 56

Company: BranchOut Food Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 56
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     558,096  
     695,042  
     (136,946)
  
    Storage, shipping and handling 
     264,352  
     192,821  
     71,531 
  
    Advertising and promotions 
     307,635  
     98,204  
     209,431 
  
    Total operating expenses 
     3,187,535  
     2,283,862  
     903,673 

    Operating loss 
     (2,028,561) 
     (1,851,515) 
     (177,046)

    Other income (expense): 

    Interest income 
     11,736  
     5,695  
     6,041 
  
    Interest expense 
     (504,713) 
     (147,701) 
     (357,012)
  
    Total other income (expense) 
     (492,977) 
     (142,006) 
     (350,917)

    Net loss 
    $(2,521,538) 
    $(1,993,521) 
    $(528,017)

Net
Revenue

Our
net revenue for the six months ended June 30, 2025, was $6,493,260, compared to $2,830,002 for the six months ended June 30, 2024, an
increase of $3,663,258, or 129%. The increase in revenue was primarily due to increased sales to our two largest customers during the
six months ended June 30, 2025.

Cost
of Goods Sold and Gross Profit

Our
cost of goods sold for the six months ended June 30, 2025, was $5,334,286, compared to $2,397,655 for the six months ended June 30, 2024,
an increase of $2,936,631, or 122%. Cost of goods sold increased primarily due to increased sales during the six months ended June 30,
2025. As a result of the foregoing, we had gross profit of $1,158,974, representing gross margins of 17.8%, for the six months ended
June 30, 2025, as compared to a gross margin of $432,347, of 15.3%, for the six months ended June