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

Company: BranchOut Food Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 10
---
431)

    Cash flows from financing activities 

    Payment of deferred offering costs 
     (15,610) 
     (399,075)
  
    Repayment of notes payable 
     (212,917) 
     (200,000)
  
    Proceeds received on notes payable, related parties 
     -  
     1,416,210 
  
    Repayment on notes payable, related parties 
     (635,000) 
     - 
  
    Principal payments on finance lease 
     (15,587) 
     (15,027)
  
    Proceeds from sale of common stock pursuant to ATM program 
     2,423,058  
     1,400,000 
  
    Proceeds from exercise of warrants 
     1,173,158  
     - 
  
    Net cash provided by financing activities 
     2,717,102  
     2,202,108 

    Effect of exchange rate changes on cash 
     28,763  
     58 

    Net increase (decrease) in cash 
     (1,688,323) 
     278,272 
  
    Cash - beginning of period 
     2,329,452  
     657,789 
  
    Cash - ending of period 
    $641,129  
    $936,061 

    Supplemental disclosures: 

    Interest paid 
    $209,054 
    $56,010 
  
    Income taxes paid 
    $-  
    $- 

    Non-cash investing and financing transactions: 

    Relative fair value of warrants issued as a debt discount 
    $-  
    $80,908 
  
    Initial recognition of right-of-use assets and lease liabilities 
    $-  
    $1,943,358 

See
accompanying notes to financial statements.

7

BRANCHOUT
FOOD INC.

NOTES
TO THE CONDENSED FINANCIAL STATEMENTS

(Unaudited)

Note
1 – Nature of Business and Significant Accounting Policies

Nature
of Business

BranchOut
Food Inc., a Nevada corporation, together with its Peruvian subsidiary (collectively, “BranchOut,” the “Company,”
“we,” “our” or “us”), is engaged in the development, marketing, sale and distribution of plant-based,
dehydrated fruit