Company: BOF
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004712
Chunk: 348

Company: BranchOut Food Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 348
---
    Notes payable, current
    portion 
     251,647  
     200,000 
  
    Notes payable, related
    parties 
     2,760,000  
     - 
  
    Notes payable, current
    portion 
     2,760,000  
     - 

    Finance lease liability,
    current portion 
     29,243  
     30,901 
  
    Total current liabilities 
     8,813,996  
     779,093 

    Notes payable, net of current portion 
     34,500  
     34,500 
  
    Operating lease liability, net of current portion 
     1,573,035  
     - 
  
    Finance lease liability,
    net of current portion 
     92,761  
     101,029 

    Total Liabilities 
     10,514,292  
     914,622 

    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; 8,424,600 and 4,044,252 shares issued and outstanding at December 31, 2024 and 2023, respectively 
     8,425  
     4,044 
  
    Additional paid-in capital 
     19,903,796  
     15,016,973 
  
    Accumulated other comprehensive
    loss 
     (8,581) 
     - 
  
    Accumulated deficit 
     (17,562,057) 
     (12,810,541)
  
    Total Stockholders’
    Equity 
     2,341,583  
     2,210,476 

    Total Liabilities and
    Stockholders’ Equity 
    $12,855,875  
    $3,125,098 

The
accompanying notes are an integral part of these financial statements.

F-2

BRANCHOUT
FOOD INC.

CONSOLIDATED
STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

    2024  
    2023 

    For the Years Ended