Company: BOF
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010566
Chunk: 1

Company: BranchOut Food Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 1
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261  
     8,813,996 

    Notes payable, net of current portion 
     34,500  
     34,500 
  
    Operating lease liability, net of current portion 
     1,583,120  
     1,573,035 
  
    Finance lease liability, net of current portion 
     84,263  
     92,761 

    Total Liabilities 
     10,230,144  
     10,514,292 

    Stockholders’ Equity: 

    Preferred stock, $0.001 par value, 8,000,000 shares authorized; no shares issued and outstanding 
     -  
     - 
  
    Common stock, $0.001 par value, 80,000,000 shares authorized; 9,584,769 and 8,424,600 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 
     9,585  
     8,425 
  
    Additional paid-in capital 
     22,352,265  
     19,903,796 
  
    Accumulated other comprehensive loss 
     (372) 
     (8,581)
  
    Accumulated deficit 
     (18,480,439) 
     (17,562,057)
  
    Total Stockholders’ Equity 
     3,881,039  
     2,341,583 

    Total Liabilities and Stockholders’ Equity 
    $14,111,183  
    $12,855,875 

See accompanying notes to financial statements. 

3

BRANCHOUT FOOD INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(Unaudited)

    For the Three Months Ended 

    March 31, 

    2025  
    2024 

    Net revenue 
    $3,193,522  
    $1,467,016 
  
    Cost of goods sold 
     2,641,007  
     1,183,428 
  
    Gross profit 
     552,515  
     283,588 

    Operating expenses: 

    General and administrative 
     685,779  
     319,736 
  
    Salaries and wages 
     314,