Company: BOF
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021655
Chunk: 55

Company: BranchOut Food Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 1
Chunk 55
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ages

Salaries
and wages for the three months ended September 30, 2025, was $422,069, compared to $309,433 for the three months ended September 30,
2024, an increase of $112,636, or 36%. This increase was primarily attributable to $55,206 of amortization of stock options issued to
employees for services performed and $42,238 in salaries and wages relates to the hiring of employees to support production ramp-up at
the Peru facility.

Professional
Fees

Professional
fees for the three months ended September 30, 2025, was $248,640, compared to $369,525 for the three months ended September 30, 2024,
a decrease of $120,885, or 33%. The decrease is mostly attributable to a decrease in legal fees related to establishing the Company’s
Peru facility in 2024.

Shipping
and handling

Shipping
and handling for the three months ended September 30, 2025, was $156,961, compared to $118,252 for the three months ended September 30,
2024, an increase of $38,709 or 33%. This increase was primarily attributable to an increase in sales volumes.

Advertising
and promotions

Advertising
and promotions for the three months ended September 30, 2025, was $271,872, compared to $125,597 for the three months ended September
30, 2024, an increase of $146,275, or 116%. Advertising and promotions expenses increased for the three months ended September 30, 2025,
mostly due to increased in-store product demos with one of our largest customers.

Other
Income (Expense)

In
the three months ended September 30, 2025, other expense was $145,048 on a net basis, consisting of $148,964 of interest expense, as
partially offset by $3,916 of interest income. For the three months ended September 30, 2024, other expense was $367,650 on a net basis,
consisting of $370,532 of interest expense, as partially offset by $2,882 of interest income. Other expense decreased by $222,602, or
61%, primarily due to the 2024 $150,462 write-off of deferred financing costs and $89,949 of additional interest expense related to the
modification of warrants.

Net
loss

Net
loss for the three