Company: BOF
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004712
Chunk: 315

Company: BranchOut Food Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 315
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 than $1.0 billion in non-convertible debt during any three year period before that time, in which case we would cease
to be an emerging growth company immediately. Even after we no longer qualify as an emerging growth company, we may still qualify as
a “smaller reporting company”, which would allow us to take advantage of many of the same exemptions from disclosure requirements,
including not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act and reduced
disclosure obligations regarding executive compensation in our periodic reports and proxy statements. Investors may find our common stock
less attractive because we may rely on these exemptions. We may take advantage of certain of the scaled disclosures available to smaller
reporting companies and will be able to take advantage of these scaled disclosures for so long as our voting and non-voting common stock
held by non-affiliates is less than $250.0 million measured on the last business day of our second fiscal quarter, or our annual revenue
is less than $100.0 million during the most recently completed fiscal year and our voting and non-voting common stock held by non-affiliates
is less than $700.0 million measured on the last business day of our second fiscal quarter. If some investors find our common stock less
attractive as a result, there may be a less active trading market for our common stock and our stock price may be more volatile.

ITEM 1B. Unresolved
Staff Comments

Not
Applicable.

ITEM
1C. CYBERSECURITY

Risk
Management and Strategy

We
periodically assess risks from cybersecurity threats, and monitor our information systems for potential vulnerabilities. However, to
date, given the small size of our company and the nature of our operations, our reliance on information systems has been limited to the
use of standard off-the-shelf software (such as Google, QuickBooks and Microsoft Office) and the use by our employees of standard personal
computers. Accordingly, management has not implemented any formal process for assessing, identifying, and managing risks from cybersecurity
threats.

Risks
from cybersecurity threats have, to date, not materially affected us, our business strategy, results of operations or financial condition.
We discuss how cybersecurity incidents could materially affect us in our risk factor disclosures in Item 1A of this Annual Report on
Form 10-K.

Governance

As
discussed above, given the nature of our current operations and our experience to date,