BranchOut Food Inc
For the period ended Dec 31, 2023. Filed Apr 1, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Apr 1, 2024
BOF$1.66-1.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Balance Sheets as of December 31, 2023 and 2022
BALANCE SHEETS
| December 31, | December 31, | |
|---|---|---|
| 2023 | 2022 | |
| Assets | ||
| Current assets: | ||
| Cash | $657,789 | $312,697 |
| Accounts receivable | 635,549 | 78,236 |
| Advances on inventory purchases | - | 29,500 |
| Inventory | 336,805 | 159,761 |
| Other current assets | 48,100 | 497,779 |
| Total current assets | 1,678,243 | 1,077,973 |
| Restricted cash | - | 235,750 |
| Deferred offering costs | - | 543,664 |
| Property and equipment, net | 914,999 | 1,022,290 |
| Right-of-use asset | 147,228 | - |
| Note receivable | 384,628 | 384,628 |
| Total Assets | $3,125,098 | $3,264,305 |
| Liabilities and Stockholders’ Equity (Deficit) | ||
| Current liabilities: | ||
| Accounts payable | $382,948 | $239,939 |
| Accounts payable, related parties | - | 40,140 |
| Accrued expenses | 165,244 | 688,722 |
| Convertible notes payable, related parties | - | 140,000 |
| Convertible notes payable, unrelated parties | - | 4,919,191 |
| Notes payable, current portion | 200,000 | 2,250,000 |
| Revolving line of credit | - | 91,541 |
| Lease liability, current portion | 30,901 | - |
| Total current liabilities | 779,093 | 8,369,533 |
| Notes payable, net of current portion | 34,500 | 34,500 |
| Lease liability, net of current portion | 101,029 | - |
| Total Liabilities | 914,622 | 8,404,033 |
| Stockholders’ Equity (Deficit): | ||
| 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; 4,044,252 and 1,200,769 shares issued and outstanding at December 31, 2023 and 2022, respectively | 4,044 | 1,201 |
| Additional paid-in capital | 15,016,973 | 3,743,902 |
| Accumulated deficit | (12,810,541) | (8,884,831) |
| Total Stockholders’ Equity (Deficit) | 2,210,476 | (5,139,728) |
| Total Liabilities and Stockholders’ Equity (Deficit) | $3,125,098 | $3,264,305 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.