Company: BOF
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004712
Chunk: 316

Company: BranchOut Food Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 316
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 we do not currently perceive cybersecurity as
a particularly significant risk to our business. Accordingly, we have not tasked our Board of Directors with any additional cybersecurity
oversight duties, or designated any committee of the Board of Directors to specifically oversee cybersecurity risks to our business.

ITEM
2. Properties

The
address of our principal executive offices is 205 SE Davis Ave., Suite C, Bend, Oregon 97702. We do not maintain offices at this address
and do not own or lease office or other space in the United States. Each of our U.S. employees works remotely and we pay for meeting
and office space on an as needed basis with no long-term commitment.

 20 

On
May 10, 2024, we entered into a ten-year lease for the 50,000 square-foot Peru Facility. The lease of the Peru Facility requires monthly
lease payments of $8,000 in the first two years of the lease, $20,000 in the third year of the lease, $22,000 in the fourth year of the
lease, $24,000 in the fourth year of the lease, and $25,000 thereafter. The lease also has a 10-year renewal option, and a buy-out option
under which we may purchase the Peru Facility for $1,865,456.

We
believe that our current facilities are adequate for our current needs.

ITEM
3. Legal Proceedings

From
time to time, we may be involved in various disputes and litigation matters that arise in the ordinary course of business. We are not
currently engaged in any material legal proceedings.

ITEM
4. MINE SAFETY DISCLOSURES

Not
applicable.

 21 

PART
II

ITEM
5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Market Information

Shares
of our common stock, $0.001 par value per share, began trading on the Nasdaq Capital Markets under the symbol “BOF” on June 16,
2023. The following table sets forth, for the fiscal quarters indicated, the high and low bid information for our common stock, as reported
on the Nasdaq Capital Markets. The following quotations reflect inter-dealer prices, without retail mark-up, mark-down or commission
and may not represent actual transactions.

    High

    Low

    Fiscal Year Ended December 31, 2024

    First Quarter
     
    $
    3.