BranchOut Food Inc
For the period ended Mar 31, 2024. Filed May 14, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 14, 2024
BOF$1.68-2.3%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Balance Sheets
| March 31, 2024 | December 31, 2023 | |
|---|---|---|
| (Unaudited) | ||
| Assets | ||
| Current assets: | ||
| Cash | $251,700 | $657,789 |
| Accounts receivable | 499,976 | 635,549 |
| Advances on inventory purchases | 319,974 | - |
| Inventory | 118,065 | 336,805 |
| Other current assets | 79,537 | 48,100 |
| Total current assets | 1,269,252 | 1,678,243 |
| Property and equipment, net | 908,663 | 914,999 |
| Right-of-use asset | 138,774 | 147,228 |
| Note receivable | 374,728 | 384,628 |
| Total Assets | $2,691,417 | $3,125,098 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $397,142 | $382,948 |
| Accounts payable, related parties | 12,000 | - |
| Accrued expenses | 78,103 | 165,244 |
| Notes payable, current portion | - | 200,000 |
| Notes payable, related parties, net of discounts | 350,805 | - |
| Lease liability, current portion | 31,758 | 30,901 |
| Total current liabilities | 869,808 | 779,093 |
| Notes payable, net of current portion | 34,500 | 34,500 |
| Lease liability, net of current portion | 92,761 | 101,029 |
| Total Liabilities | 997,069 | 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; 4,121,346 and 4,044,252 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively | 4,121 | 4,044 |
| Additional paid-in capital | 15,515,716 | 15,016,973 |
| Subscriptions payable, 22,500 and -0- shares at March 31, 2024 and December 31, 2023, respectively | 36,019 | - |
| Accumulated deficit | (13,861,508) | (12,810,541) |
| Total Stockholders’ Equity | 1,694,348 | 2,210,476 |
| Total Liabilities and Stockholders’ Equity | $2,691,417 | $3,125,098 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.