Company: BOF
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010566
Chunk: 100

Company: BranchOut Food Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 8
Chunk 100
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 31, 2025, compared to $40,100 for the three months ended
March 31, 2024, an increase of $337,741, or 842%. This increase was primarily attributable to $377,841 of property and equipment purchases,
compared to $50,000 of property and equipment purchases, as partially offset by $9,900 of advances received on notes receivable, in the
comparative period.

Net
Cash Provided by Financing Activities

Net
cash provided by financing activities was $2,353,683 for the three months ended March 31, 2025, compared to $137,589 for the three months
ended March 31, 2024, an increase of $2,216,094, or 1,611%. Our increased cash provided by financing activities was primarily from $2,445,605
of increased net proceeds received on the sale of common stock, net of $15,610 of offering costs, and $115,765 of decreased debt repayments,
as partially offset by $345,000 of decreased proceeds received from related party debt financing and $276 of increased principal payments
on finance leases.

CRITICAL
ACCOUNTING POLICIES AND ESTIMATES

Our
financial results are affected by the selection and application of accounting policies and methods. In the three-month period ended March
31, 2025 there were no changes to the application of critical accounting policies disclosed in our Annual Report on Form 10-K for the
year ended December 31, 2024.

28

CAUTIONARY
NOTICE REGARDING FORWARD-LOOKING STATEMENTS

This
report includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements in this report, other
than statements of historical fact, are “forward-looking statements” for purposes of these provisions, including any projections
of earnings, revenues or other financial items, any statements of the plans and objectives of our management for future operations, any
statements concerning proposed new products or services, any statements regarding the integration, development or commercialization of
the business or any assets acquired from other parties, any statements regarding future economic conditions or performance, and any statements
of assumptions underlying any of the foregoing. In some cases, forward-looking statements can be identified by the use of terminology
such as