Company: BOF
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004712
Chunk: 382

Company: BranchOut Food Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 382
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 31,  
    December 31, 

    2024  
    2023 

    Total Kaufman Note 
    $1,200,000  
    $- 
  
    Total Senior Notes
    held by Eagle Vision 
     1,560,000  
     - 
  
    Total Senior Notes payable 
     1,560,000  
     - 

    Total notes payable,
    related parties 
     2,760,000  
     - 
  
    Less: current maturities 
     2,760,000  
     - 
  
    Notes payable, related
    parties, less current maturities 
    $-  
    $- 

The
Company recognized $664,847 and $66,090 of interest expense on notes payable, related parties for the years ended December 31, 2024 and
2023, respectively. Interest expense for the year ended December 31, 2024, consisted of $235,200 of stated interest expense, $258,790
of amortized debt discounts and $80,908 of amortized debt discounts due to warrants, along with $89,949 of additional interest expense
related to the modification of warrants, issued to Eagle Vision Investors. Interest expense for the year ended December 31, 2023, consisted
of $66,090 of amortized debt discounts, including $46,090 of amortized debt discounts due to warrants issued on a Subordinated Note during
the year ended December 31, 2023.

The
Company recognized aggregate interest expense for the years ended December 31, 2024 and 2023 respectively, as follows:

 Schedule of Recognized Interest Expense

    December 31,  
    December 31, 

    2024  
    2023 
  
    Interest on convertible notes
    payable, related parties 
    $115,989  
    $3,696 
  
    Amortization of debt discounts on related
    party convertible notes 
     22,956  
     - 
  
    Amortization of debt discounts on related
    party convertible notes, warrants 
     6,415  
     - 
  
    Amortization of debt discounts on related
    party convertible notes 
     6,415  
     - 

    Interest on convertible notes payable 
     -