Company: BFRG
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023560
Chunk: 34

Company: BullFrog AI Holdings, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 34
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of June 30, 2025, the Company’s cash and cash equivalents position is not sufficient to fund the Company’s planned operations
for at least a year beyond the filing date of the unaudited condensed consolidated financial statements. This factor as well as other factors raise substantial
doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon
the Company obtaining the necessary financing and/or revenues to meet its obligations arising from normal business operations when they
become due. Accordingly, we will seek additional capital to continue to execute our strategy as discussed above.

Consolidated
Cash Flow Data

    Six Months Ended June 30,  

    2025  
    2024  
    Change 
  
    Net cash (used in) provided by 

    Operating activities 
    $(3,230,098) 
    $(3,132,149) 
    $(97,949)
  
    Investing activities 
     -  
     -  
     - 
  
    Financing activities 
     372,750  
     6,121,507  
     (5,748,757)
  
    Net (decrease) increase in cash and cash equivalents 
    $(2,857,348) 
    $2,989,358  
    $(5,846,706)

Cash
Flows Used in Operating Activities 

Net
cash used in operating activities for the six months ended June 30, 2025 increased compared to the same period ended June 30, 2024 primarily
due to payments of vendor payables partially offset by the reduction in our prepaid director and officer insurance policy premium.

Cash
Flows Used in Investing Activities 

There
was no cash used in investing activities during the six months ended June 30, 2025 or 2024.

Cash
Flows Provided by Financing Activities

Net
cash provided by financing activities for the six months ended June 30, 2025 decreased compared to the same period of 2024 primarily
due to proceeds from our secondary offering in February 2024 and a reduction in our director and officer insurance policy premium financing
partially offset by proceeds from sales of common stock under our ATM Agreement.

Item
3. Quantitative and Qualitative Disclosures about Market Risk

As
a smaller reporting company, this disclosure is not required.

21

Item
4. Controls and Procedures 

Evaluation
of Disclosure