Company: BOF
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023605
Chunk: 39

Company: BranchOut Food Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 39
---
:

 Schedule of Supplemental Cash and Other Information Related to finance Leases 

    2025  
    2024 

    For the Six Months Ended 

    June 30, 

    2025  
    2024 
  
    Cash paid for amounts included in the measurement of lease liabilities: 

    Operating cash flows (provided by) used for
    operating leases 
    $(20,389) 
    $1,875 
  
    Finance cash flows used for finance leases 
    $15,587  
    $15,027 
  
    Leased assets obtained in exchange for lease liabilities: 

    Total operating lease liabilities 
    $-  
    $1,943,358 
  
    Total finance lease liabilities 
    $-  
    $168,320 

    20

BRANCHOUT
FOOD INC.

NOTES
TO THE CONDENSED FINANCIAL STATEMENTS

(Unaudited)

The
future minimum lease payments due under operating leases as of June 30, 2025, is as follows:

 Schedule of Future Minimum Operating Lease Payments 

    Year Ending 
    Minimum Lease 
  
    December 31, 
    Commitments 
  
    2025 (for the six months remaining) 
    $48,000 
  
    2026 
     192,000 
  
    2027 
     256,000 
  
    2028 
     280,000 
  
    2029 
     296,000 
  
    Thereafter 
     1,300,000 
  
    Total minimum lease payments 
     2,372,000 
  
    Less effects of discounting 
     778,576 
  
    Lease liability recognized 
     1,593,424 
  
    Less current portion 
     - 
  
    Long-term operating lease liability 
    $1,593,424 

The
future minimum lease payments due under finance leases as of June 30, 2025, is as follows:

 Schedule
of Future Minimum Lease Payments 

    Year Ending 
    Minimum Lease 
  
    December 31, 
    Commitments 
  
    2025 (for the six months remaining) 
    $21,943 
  
    2026 
     43,886 
  
    2027 
     43,886 
  
    2028