Company: BOF
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021655
Chunk: 115

Company: BranchOut Food Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 8
Chunk 115
---
 options awarded during
the current period. This decrease is mostly offset by increases in salaries and wages related to the hiring of employees to support production
ramp-up at the Peru facility.

Professional
Fees

Professional
fees for the nine months ended September 30, 2025, was $806,736, compared to $1,064,567 for the nine months ended September 30, 2024,
a decrease of $257,831, or 24%. This decrease was primarily attributable to $290,085 of non-cash, stock-based compensation for the nine
months ended September 30, 2024.

Shipping
and handling

Shipping
and handling for the nine months ended September 30, 2025, was $421,313, compared to $311,073 for the nine months ended September 30,
2024, an increase of $110,240 or 35%. This increase was primarily attributable to an increase in sales volumes.

Advertising
and promotions

Advertising
and promotions for the nine months ended September 30, 2025, was $579,507, compared to $223,801 for the nine months ended September 30,
2024, an increase of $355,706, or 159%. Advertising and promotions expenses increased for the nine months ended September 30, 2025, compared
to the corresponding period in 2024, mostly due to increased in-store product demos with one of our largest customers.

Other
Income (Expense)

In
the nine months ended September 30, 2025, other expense was $638,025 on a net basis, consisting of $653,677 of interest expense, as partially
offset by $15,652 of interest income. For the nine months ended September 30, 2024, other expense was $509,656 on a net basis, consisting
of $518,233 of interest expense, as partially offset by $8,577 of interest income. Other expense increased by $128,369, or 25%, primarily
due to interest on the Kaufman Convertible Note and notes payable with related parties.

34

Net
loss

Net
loss for the nine months ended September 30, 2025, was $4,094,090, compared to $3,264,326 for the nine months ended September 30, 2024,
an increase of $829,764, or 25%. The increased net loss was due to scaling up production at our in