Company: BFRG
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023496
Chunk: 42

Company: BullFrog AI Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 42
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                                            the design and effectiveness of our controls including the creation of an annual risk assessment
                                            and ongoing monitoring activities;

●evaluate
                                            all internal and external resources to ensure they are appropriate for the level and complexity
                                            of our current operations;

●hired
                                            a Corporate Controller in 2024; and

●engaged
                                            a third-party specialist to assist in the remediation and ongoing evaluation of our internal
                                            controls over financial reporting.

While
we believe that these efforts will improve our internal control over financial reporting, the implementation of these measures is ongoing
and will require validation and testing of the design and operating effectiveness of internal controls over a sustained period of financial
reporting cycles. We will continue to monitor and evaluate the effectiveness of our internal controls over financial reporting on an
ongoing basis and are committed to taking further action and implementing additional enhancements or improvements, as necessary and as
funds allow. We cannot assure you that the measures we have taken to date, or that we may take in the future, will be sufficient to remediate
the material weaknesses we have identified or avoid potential future material weaknesses. Accordingly, there could continue to be a reasonable
possibility that a material misstatement of our financial statements would not be prevented or detected on a timely basis.

Changes
in Internal Control Over Financial Reporting 

Other
than the material weakness remediation efforts described above, there has been no change in the Company’s internal control over
financial reporting during the Company’s most recent quarter that has materially affected, or is reasonably likely to materially
affect, the Company’s internal control over financial reporting.

25

PART
II. OTHER INFORMATION

Item 1Legal
                                            Proceedings.

To
the best of our knowledge, we are not currently a party to any legal proceedings that, individually or in the aggregate, are deemed to
be material to our financial condition or results of operations.

Item 1ARisk
                                            Factors.

Except
as set forth below, there have been no material changes to the Risk Factors disclosed in Part I, Item 1A, Risk Factors, of the
Company’s 2024 Form 10-K.

We
are currently listed on the Nasdaq Capital Market. If we are unable to maintain listing of our securities on Nasdaq or any stock exchange,
our stock price could be adversely affected and the liquidity of our stock and our ability to obtain financing could be impaired and
it may be more difficult for our shareholders to sell their securities.

Although
our common stock is currently