BranchOut Food Inc
For the period ended Mar 31, 2024. Filed May 14, 2024.
View on SEC.govAbout this filing
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$1.66-1.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Statements of Cash Flows
| For the Three Months Ended March 31, | ||||
|---|---|---|---|---|
| 2024 · 2023 | ||||
| Cash flows from operating activities | ||||
| Net loss | $(1,050,967) | $(777,093) | ||
| Adjustments to reconcile net loss to | ||||
| net cash used in operating activities: | ||||
| Depreciation expense | 56,336 | 55,823 | ||
| Amortization of debt discounts | 14,666 | - | ||
| Common stock issued for services | 149,594 | - | ||
| Options and warrants issued for services | 376,384 | 50,446 | ||
| Decrease (increase) in assets: | ||||
| Accounts receivable | 135,573 | (11,026) | ||
| Advances on inventory purchases | (319,974) | (118,082) | ||
| Inventory | 218,740 | 49,447 | ||
| Other current assets | (31,437) | (189,573) | ||
| Right-of-use asset | 8,454 | - | ||
| Increase (decrease) in liabilities: | ||||
| Accounts payable | 14,194 | 168,148 | ||
| Accounts payable, related parties | 12,000 | 15,750 | ||
| Accrued expenses | (87,141) | 99,567 | ||
| Net cash used in operating activities | (503,578) | (656,593) | ||
| Cash flows from investing activities | ||||
| Purchase of property and equipment | (50,000) | - | ||
| Payments received on notes receivable | 9,900 | - | ||
| Net cash used in investing activities | (40,100) | - | ||
| Cash flows from financing activities | ||||
| Payment of deferred offering costs | - | (98,298) | ||
| Proceeds received on convertible notes payable, related parties | - | 25,000 | ||
| Proceeds received on convertible notes payable, unrelated parties | - | 442,500 | ||
| Proceeds received on notes payable | - | 200,000 | ||
| Repayment of notes payable | (200,000) | - | ||
| Proceeds received on notes payable, related parties | 345,000 | - | ||
| Repayments on revolving line of credit | - | (25,097) | ||
| Principal payments on finance lease | (7,411) | - | ||
| Net cash provided by financing activities | 137,589 | 544,105 | ||
| Net increase in cash | (406,089) | (112,488) | ||
| Cash and restricted cash - beginning of period | 657,789 | 548,447 | ||
| Cash - ending of period | $251,700 | $435,959 | ||
| Supplemental disclosures: | ||||
| Interest paid | $14,617 | $39,593 | ||
| Income taxes paid | $ | - | $ | - |
| Non-cash investing and financing transactions: | ||||
| Relative fair value of warrants issued as a debt discount | $8,861 | $ | - | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.