Company: BFRG
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001493152-25-010367
Chunk: 1192

Company: BullFrog AI Holdings, Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 11
Chunk 1192
---
 
  
    Granted 
     -  
    $-  

    Exercised 
     (14,285) 
    $2.66  

    Forfeited / canceled 
     -  
    $-  

    Outstanding at December 31, 2024 
     663,891  
    $1.55  
     5.6  
    $548,380 
  
    Vested at December 31, 2024 
     663,891  
    $1.55  
     5.6  
    $548,380 

During
the years ended December 31, 2024 and 2023, the Company recognized $3,007 and $39,265, respectively of compensation expense related to
certain warrants. 

As
of December 31, 2024, there was no unrecognized compensation expense as no unvested warrants remain.

The
total grant-date fair value of warrants vested during the year ended December 31, 2024 was approximately $3,007.

     F-15 

 9. Income Taxes

Deferred
income taxes reflect the net tax effects of net operating loss, credit carryforwards, and temporary differences between the carrying
amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components
of the Company’s deferred tax assets for federal and state income taxes are as follows:

 Schedule of Deferred Tax Assets And Liabilities

    2024  
    2023 

    December 31, 

    2024  
    2023 
  
    Deferred tax assets: 

    Net operating losses 
    $2,650,540  
    $1,432,634 
  
    Capitalized research and development 
     647,602  
     283,353 
  
    Stock-based compensation 
     183,856  
     175,213 
  
    Intangibles 
     162,701  
     173,273 
  
    Other 
     12,374  
     9,438 
  
    Total deferred tax assets 
     3,657,073  
     2,073,911 
  
    Valuation allowance 
     (3,656,627) 
     (2,073,459)
  
    Net deferred tax asset 
     446