Company: BFRG
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023496
Chunk: 6

Company: BullFrog AI Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 6
---
,450) 
    $1,943,655 
  
    Balance 
     73,449  
    $1  
     10,416,721  
    $104  
    $23,755,000  
    $(21,811,450) 
    $1,943,655 

See
accompanying notes to unaudited condensed consolidated financial statements.

4

BullFrog
AI Holdings, Inc.

Condensed
Consolidated Statements of Cash Flows

(Unaudited)

    2025  
    2024 

    Nine Months Ended September 30, 

    2025  
    2024 
  
    Cash flows from operating activities: 

    Net loss 
    $(5,017,894) 
    $(5,278,904)
  
    Adjustments to reconcile net loss to net cash used in operating activities: 

    Depreciation 
     1,294  
     1,293 
  
    Stock-based compensation 
     856,423  
     729,370 
  
    Changes in operating assets and liabilities: 

    Accounts receivable 
     (58,335) 
     - 
  
    Prepaid expenses and other assets 
     (167,928) 
     (212,655)
  
    Investments 
     (58,335) 
     - 
  
    Accounts payable 
     (267,722) 
     (12,282)
  
    Accrued expenses 
     375,227  
     434,964 
  
    Net cash used in operating activities 
     (4,337,270) 
     (4,338,214)

    Cash flows from investing activities: 

    Net cash used in investing activities 
     -  
     - 

    Cash flows from financing activities: 

    Proceeds from sale of common stock from ATM, net of issuance costs 
     941,393  
     - 
  
    Proceeds from issuance of common stock and warrants, net of issuance costs 
     -  
     5,674,651 
  
    Proceeds from warrant exercises 
     -  
     105,816 
  
    Proceeds from short term insurance financing 
     181,797  
     561,885 
  
    Payments on short term insurance financing