Company: BOF
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021655
Chunk: 59

Company: BranchOut Food Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 1
Chunk 59
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5, was $806,736, compared to $1,064,567 for the nine months ended September 30, 2024,
a decrease of $257,831, or 24%. This decrease was primarily attributable to $290,085 of non-cash, stock-based compensation for the nine
months ended September 30, 2024.

Shipping
and handling

Shipping
and handling for the nine months ended September 30, 2025, was $421,313, compared to $311,073 for the nine months ended September 30,
2024, an increase of $110,240 or 35%. This increase was primarily attributable to an increase in sales volumes.

Advertising
and promotions

Advertising
and promotions for the nine months ended September 30, 2025, was $579,507, compared to $223,801 for the nine months ended September 30,
2024, an increase of $355,706, or 159%. Advertising and promotions expenses increased for the nine months ended September 30, 2025, compared
to the corresponding period in 2024, mostly due to increased in-store product demos with one of our largest customers.

Other
Income (Expense)

In
the nine months ended September 30, 2025, other expense was $638,025 on a net basis, consisting of $653,677 of interest expense, as partially
offset by $15,652 of interest income. For the nine months ended September 30, 2024, other expense was $509,656 on a net basis, consisting
of $518,233 of interest expense, as partially offset by $8,577 of interest income. Other expense increased by $128,369, or 25%, primarily
due to interest on the Kaufman Convertible Note and notes payable with related parties.

34

Net
loss

Net
loss for the nine months ended September 30, 2025, was $4,094,090, compared to $3,264,326 for the nine months ended September 30, 2024,
an increase of $829,764, or 25%. The increased net loss was due to scaling up production at our in-house manufacturing facility. Our
objective is to achieve 100% utilization, which we believe will allow us to leverage fixed costs, improve operating efficiency, and capture
additional gross margin benefits as production volumes grow.

Liquidity
and Capital Resources

The
following table summarizes our total