$BOF

BranchOut Food Inc.

CIK:0001962481|SEC Filings

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Net revenue	$ 4,458,271	$ 3,274,946	$ 7,065,066	$ 6,445,809
Cost of goods sold	4,361,446	2,693,279	6,567,581	5,334,286
Gross profit	96,825	581,667	497,485	1,111,523
Operating expenses:
General and administrative	1,167,053	846,662	2,026,273	1,232,301
Salaries and wages	677,282	436,163	1,343,618	750,405
Professional fees	314,145	323,062	574,834	558,096
Shipping and handling to customers	220,523	157,807	376,414	264,352
Advertising and promotions	283,134	126,617	360,788	260,184
Total operating expenses	2,662,137	1,890,311	4,681,927	3,065,338
Operating loss	(2,565,312)	(1,308,644)	(4,184,442)	(1,953,815)
Other income (expense):
Interest income	59	6,600	1,808	11,736
Other income	29,768		29,768
Interest expense	(184,551)	(301,112)	(359,454)	(579,459)
Total other income (expense)	(154,724)	(294,512)	(327,878)	(567,723)
Net loss	(2,720,036)	(1,603,156)	(4,512,320)	(2,521,538)
Gain (loss) on foreign currency translation	(169)	20,554	(56,414)	28,763
Net other comprehensive loss	$ (2,720,205)	$ (1,582,602)	$ (4,568,734)	$ (2,492,775)
Weighted average common shares outstanding - basic	15,218,348	9,659,605	14,823,411	9,205,200
Weighted average common shares outstanding - diluted	15,218,348	9,659,605	14,823,411	9,205,200
Net loss per common share - basic	$ (0.18)	$ (0.17)	$ (0.30)	$ (0.27)
Net loss per common share - diluted	$ (0.18)	$ (0.17)	$ (0.30)	$ (0.27)

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities
Net loss	$ (4,512,320)	$ (2,521,538)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation expense	360,851	305,560
Amortization of finance lease right-of-use asset	96,167	94,364
Change in allowance for doubtful accounts	(25,586)
Provision for prepaid inventory		75,600
Amortization of debt discounts	22,574	33,019
Fair value adjustment related to warrant modification		32,099
Stock-based compensation expense	515,744	81,097
Decrease (increase) in assets:
Accounts receivable	(1,322,292)	(1,440,275)
Advances on inventory purchases	(50,121)	44,882
Inventory	(956,497)	391,129
Prepaid expenses and other current assets	(367,784)	(1,044,154)
Other long-term asset and receivable	(237,933)	80,391
Increase (decrease) in liabilities:
Accounts payable	1,039,732	365,098
Accrued expenses	553,272	(460,517)
Net cash used in operating activities	(4,884,193)	(3,963,245)
Cash flows from investing activities
Purchase of property and equipment	(719,909)	(491,332)
Net cash used in investing activities	(719,909)	(491,332)
Cash flows from financing activities
Repayment of equipment notes payable	(174,682)	(212,917)
Proceeds received on notes payable, related party	3,000,000
Repayment on notes payable, related parties		(635,000)
Principal payments on finance lease obligations	(19,253)	4,802
Proceeds from sale of common stock pursuant to ATM program	1,429,044	2,407,448
Proceeds from exercise of warrants	1,021,114	1,173,158
Net cash provided by financing activities	5,256,223	2,737,491
Effect of exchange rate changes on cash	(56,414)	28,763
Net decrease in cash	(404,293)	(1,688,323)
Cash - beginning of period	616,278	2,329,452
Cash - ending of period	211,985	641,129
Supplemental disclosures:
Interest paid	81,908	253,605
Income taxes paid
Non-cash investing and financing transactions:
Conversion of convertible debt into common stock	$ 500,000

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash	$ 211,985	$ 616,278
Accounts receivable, net	2,666,760	1,318,882
Advances on inventory purchases	50,121
Inventory	3,341,576	2,385,079
Prepaid expenses and other current assets	1,732,452	1,364,668
Total current assets	8,002,894	5,684,907
Property and equipment, net	6,045,819	5,686,761
Right-of-use assets	1,289,725	1,385,892
Other assets	1,267,000	1,267,000
Other receivable, net of current portion	673,065	435,132
Total assets	17,278,503	14,459,692
Current liabilities:
Accounts payable	2,292,489	1,252,757
Accrued expenses	1,588,645	1,035,373
Convertible note payable, related party, current portion net of discounts		3,360,691
Finance lease liability, current portion	146,375	85,658
Total current liabilities	7,762,123	6,269,147
Note payable	34,500	34,500
Equipment note payable, net of current portion	590,704	965,332
Finance lease liability, net of current portion	1,539,036	1,619,006
Total liabilities	12,809,628	8,887,985
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; 15,316,030 and 13,385,459 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively	15,316	13,385
Additional paid-in capital	32,682,157	29,218,186
Accumulated other comprehensive income (loss)	(29,549)	26,865
Accumulated deficit	(28,199,049)	(23,686,729)
Total stockholders’ equity	4,468,875	5,571,707
Total liabilities and stockholders’ equity	17,278,503	14,459,692
Nonrelated Party [Member]
Current liabilities:
Note payable, related parties	734,614	534,668
Related Party [Member]
Current liabilities:
Convertible note payable, related party, current portion net of discounts		3,360,691
Note payable, related parties	3,000,000
Convertible note payable, related party, net of current portion and discounts	$ 2,883,265