BranchOut Food Inc.
For the period ended Mar 31, 2025. Filed May 15, 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.
Mar 31, 2025 · Filed May 15, 2025
BOF$1.69+0.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheets
| March 31, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| (Unaudited) | ||
| Assets | ||
| Current assets: | ||
| Cash | $2,386,381 | $2,329,452 |
| Accounts receivable, net | 1,453,567 | 418,463 |
| Advances on inventory purchases | 233,093 | 123,792 |
| Inventory | 1,589,867 | 1,930,535 |
| Other current assets | 128,697 | 114,372 |
| Total current assets | 5,791,605 | 4,916,614 |
| Property and equipment, net | 4,281,227 | 4,056,299 |
| Right-of-use assets | 1,528,422 | 1,575,497 |
| Other assets | 2,149,947 | 1,947,483 |
| Note receivable | 359,982 | 359,982 |
| Total Assets | $14,111,183 | $12,855,875 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $1,137,566 | $1,194,079 |
| Accrued expenses | 626,683 | 333,614 |
| Other current liabilities | 456,714 | 912,000 |
| Convertible notes payable, related parties, net of discounts | 3,349,832 | 3,333,413 |
| Notes payable, current portion | 167,412 | 251,647 |
| Notes payable, related parties | 2,760,000 | 2,760,000 |
| Finance lease liability, current portion | 30,054 | 29,243 |
| Total current liabilities | 8,528,261 | 8,813,996 |
| Notes payable, net of current portion | 34,500 | 34,500 |
| Operating lease liability, net of current portion | 1,583,120 | 1,573,035 |
| Finance lease liability, net of current portion | 84,263 | 92,761 |
| Total Liabilities | 10,230,144 | 10,514,292 |
| 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; 9,584,769 and 8,424,600 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively | 9,585 | 8,425 |
| Additional paid-in capital | 22,352,265 | 19,903,796 |
| Accumulated other comprehensive loss | (372) | (8,581) |
| Accumulated deficit | (18,480,439) | (17,562,057) |
| Total Stockholders’ Equity | 3,881,039 | 2,341,583 |
| Total Liabilities and Stockholders’ Equity | $14,111,183 | $12,855,875 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.