Company: BOF
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021655
Chunk: 116

Company: BranchOut Food Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 8
Chunk 116
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-house manufacturing facility. Our
objective is to achieve 100% utilization, which we believe will allow us to leverage fixed costs, improve operating efficiency, and capture
additional gross margin benefits as production volumes grow.

Liquidity
and Capital Resources

The
following table summarizes our total current assets, liabilities and working capital as of September 30, 2025 and December 31, 2024.

    September 30,  
    December 31, 

    2025  
    2024 
  
    Current Assets 
    $5,460,580  
    $4,916,614 

    Current Liabilities 
    $3,341,658  
    $8,813,996 

    Working Capital 
    $2,118,922  
    $(3,897,382)

As
of September 30, 2025, we had positive working capital of $2,118,922. We have incurred net losses since our inception and we anticipate
net losses and negative operating cash flows for the near future, and we may not be profitable or realize growth in the value of our
assets. To date, our primary sources of capital have been cash generated from the sales of our products, common stock sales, and debt
and equity financing. As of September 30, 2025, we had cash of $812,007, total liabilities of $9,544,563, and an accumulated deficit
of $21,656,147. As of December 31, 2024, we had cash of $2,329,452, total liabilities of $10,514,292, and an accumulated deficit of $17,562,057.

Cash
Flow

Comparison
of the Nine Months Ended September 30, 2025, and the Nine Months Ended September 30, 2024

The
following table sets forth the primary sources and uses of cash for the periods presented below:

    Nine Months Ended 

    September 30, 

    2025  
    2024 
  
    Net cash used in operating activities 
    $(5,064,017) 
    $(3,259,049)
  
    Net cash used in investing activities 
     (573,991) 
     (2,095,691)
  
    Net cash provided by financing activities 
     4,093,929  
     5,767,938 
  
    Effect of exchange