Company: BOF
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010566
Chunk: 0

Company: BranchOut Food Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 0
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BRANCHOUT FOOD INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

    March 31,  
    December 31, 

    2025  
    2024 

    (Unaudited)  

    Assets 

    Current assets: 

    Cash 
    $2,386,381  
    $2,329,452 
  
    Accounts receivable, net 
     1,453,567  
     418,463 
  
    Advances on inventory purchases 
     233,093  
     123,792 
  
    Inventory 
     1,589,867  
     1,930,535 
  
    Other current assets 
     128,697  
     114,372 
  
    Total current assets 
     5,791,605  
     4,916,614 

    Property and equipment, net 
     4,281,227  
     4,056,299 
  
    Right-of-use assets 
     1,528,422  
     1,575,497 
  
    Other assets 
     2,149,947  
     1,947,483 
  
    Note receivable 
     359,982  
     359,982 

    Total Assets 
    $14,111,183  
    $12,855,875 

    Liabilities and Stockholders’ Equity 

    Current liabilities: 

    Accounts payable 
    $1,137,566  
    $1,194,079 
  
    Accrued expenses 
     626,683  
     333,614 
  
    Other current liabilities 
     456,714  
     912,000 
  
    Convertible notes payable, related parties, net of discounts 
     3,349,832  
     3,333,413 
  
    Notes payable, current portion 
     167,412  
     251,647 
  
    Notes payable, related parties 
     2,760,000  
     2,760,000 
  
    Notes payable, current portion 
     2,760,000  
     2,760,000 

    Finance lease liability, current portion 
     30,054  
     29,243 
  
    Total current liabilities 
     8,528,