Company: BOF
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004712
Chunk: 1247

Company: BranchOut Food Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 5
Chunk 1247
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 related person transactions to be approved in advance
by our Audit Committee. Any request for such a transaction will be presented to our Audit Committee for review, consideration, and approval.
In approving or rejecting any such proposal, our Audit Committee will consider the relevant facts and circumstances available and deemed
relevant to the Audit Committee, including, but not limited to, the extent of the related party’s interest in the transaction,
and whether the transaction is on terms no less favorable to us than terms we could have generally obtained from an unaffiliated third
party under the same or similar circumstances.

Certain
historical related person transactions described in this prospectus were reviewed and approved or ratified in accordance with our then
existing policies, Code of Business Conduct and Ethics, articles of incorporation and bylaws, and Oregon or Nevada law, as applicable.

Director
Independence

Our
board of directors currently consists of Eric Healy, our Chief Executive Officer and Chairman, John Dalfonsi our Chief Financial Officer,
David Israel, Greg Somerville, Byron Riché Jones, Deven Jain and Lindsey L. Schwartz. As executive officers, Messrs. Healy and
Dalfonsi do not qualify as “independent” under standards of independence set forth by national securities exchanges. Our
Board of Directors has determined that David Israel, Greg Somerville, Byron Riché Jones, Deven Jain and Lindsey L. Schwartz are
“independent” in accordance with the NASDAQ Capital Market’s requirements.

47

ITEM
14. Principal AccountING Fees And Services

M&K
CPAS, PLLC was the Company’s independent registered public accounting firm for the years ended December 31, 2024 and 2023.

Audit
and Non-Audit Fees

The
following table sets forth fees billed by our auditors during the last two fiscal years for services rendered for the audit of our annual
financial statements and the review of our quarterly financial statements, services by our auditors that are reasonably related to the
performance of the audit or review of our financial statements and that are not reported as audit fees, services rendered in connection
with tax compliance, tax advice and tax planning, and all other fees for services rendered.

    Years Ended
    December 31, 

    2024  
    2023 
  
    Audit fees(1) 
    $65,450  
    $114,150 
  
    Audit related fees 
     -  
     - 
  
    Tax fees