BullFrog AI Holdings, Inc.
For the period ended Sep 30, 2025. Filed Nov 14, 2025.
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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.
Sep 30, 2025 · Filed Nov 14, 2025
BFRG$0.60+8.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations (unaudited)
Condensed Consolidated Statements of Operations
| Three Months Ended · Nine Months Ended | ||||||
|---|---|---|---|---|---|---|
| September 30, · September 30, | ||||||
| 2025 · 2024 · 2025 · 2024 | ||||||
| Revenue | ||||||
| Collaboration revenue | $83,413 | $ | - | $116,670 | $ | - |
| Total revenue | 83,413 | - | 116,670 | - | ||
| Cost of revenue | ||||||
| Cost of collaboration revenue | 68,043 | - | 94,778 | - | ||
| Total cost of revenue | 68,043 | - | 94,778 | - | ||
| Gross profit | 15,370 | - | 21,892 | - | ||
| Operating expenses | ||||||
| Research and development | 345,992 | 566,584 | 1,402,549 | 1,632,409 | ||
| General and administrative | 1,239,061 | 1,253,357 | 3,715,319 | 3,835,213 | ||
| Total operating expenses | 1,585,053 | 1,819,941 | 5,117,868 | 5,467,622 | ||
| Loss from operations | (1,569,683) | (1,819,941) | (5,095,976) | (5,467,622) | ||
| Other income (expense), net | ||||||
| Interest expense, net | (1,543) | (4,978) | (5,007) | (16,150) | ||
| Interest income | 19,614 | 61,455 | 83,089 | 204,868 | ||
| Total other income (expense), net | 18,071 | 56,477 | 78,082 | 188,718 | ||
| Net loss | (1,551,612) | (1,763,464) | (5,017,894) | (5,278,904) | ||
| Deemed dividend related to warrant exercise price adjustment | - | - | - | (16,774) | ||
| Net loss attributable to common stockholders | $(1,551,612) | $(1,763,464) | $(5,017,894) | $(5,295,678) | ||
| Net loss per common share attributable to common stockholders - basic and diluted | $(0.15) | $(0.22) | $(0.51) | $(0.67) | ||
| Weighted average number of shares outstanding - basic and diluted | 10,379,775 | 8,124,834 | 9,927,842 | 7,880,288 | ||
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