BranchOut Food Inc. Files S-1/A Amendment

TL;DR

BranchOut Food's 6/24 S-1/A shows $1.3M revenue, $1.1M net loss for Q1 2024, with $10.3M total assets.

AI Summary

BranchOut Food Inc. filed an S-1/A amendment on June 24, 2024, detailing its financial position. As of March 31, 2024, the company reported $1.1 million in cash and cash equivalents and total assets of $10.3 million. For the three months ended March 31, 2024, revenue was $1.3 million, with a net loss of $1.1 million.

Why It Matters

This filing provides an updated look at BranchOut Food's financial health and operational performance, which is crucial for investors assessing the company's current standing and future prospects.

Risk Assessment

Risk Level: medium — The company is reporting net losses, indicating potential financial instability and a need for further funding or improved profitability.

Key Numbers

• $1.3M — Revenue (For the three months ended March 31, 2024)
• $1.1M — Net Loss (For the three months ended March 31, 2024)
• $10.3M — Total Assets (As of March 31, 2024)
• $1.1M — Cash and Cash Equivalents (As of March 31, 2024)

Key Players & Entities

• BranchOut Food Inc. (company) — Filer of the S-1/A amendment
• 205 SE DAVIS AVENUE, SUITE C, BEND, OR 97702 (location) — Company's business and mailing address
• 844-263-6637 (phone_number) — Company's business phone number
• $1.1 million (dollar_amount) — Cash and cash equivalents as of March 31, 2024
• $10.3 million (dollar_amount) — Total assets as of March 31, 2024
• $1.3 million (dollar_amount) — Revenue for the three months ended March 31, 2024
• $1.1 million (dollar_amount) — Net loss for the three months ended March 31, 2024

FAQ

Key Financial Figures

• $1.43 — ed sales price for our common stock was $1.43 per share. The actual public offering p
• $330,000 — of this offering will be approximately $330,000, excluding underwriting discounts. This
• $8 million — t we may generate from this retailer to $8 million. In June 2023, we completed our initi
• $6.00 — 00 shares of common stock at a price of $6.00 per share. We received net proceeds of
• $6,226,000 — received net proceeds of approximately $6,226,000 in the IPO after deducting underwriters
• $6,029,204 — In connection with the IPO, a total of $6,029,204 of convertible debt, consisting of $5,5
• $5,526,691 — ,204 of convertible debt, consisting of $5,526,691 of principal and $502,513 of interest,
• $502,513 — nsisting of $5,526,691 of principal and $502,513 of interest, was converted into 1,572,1
• $858 billion — he U.S. Census Bureau estimated to be a $858 billion grocery market in 2023, which is the se
• $199 billion — es sales in the U.S. were approximately $199 billion and grew 6.6% from the prior year. 1
• $8 billion — d ingredients, in 2023 was estimated at $8 billion and is expected to grow at a compoundin
• $23.2 billion — 7% and exceed a market value of over US$23.2 billion through 2028. BranchOut's long-term g

Filing Documents

• forms-1a.htm (S-1/A) — 3135KB
• ex5-1.htm (EX-5.1) — 20KB
• ex23-1.htm (EX-23.1) — 4KB
• forms-1_001.jpg (GRAPHIC) — 19KB
• forms-1_002.jpg (GRAPHIC) — 7KB
• ex5-1_001.jpg (GRAPHIC) — 8KB
• ex23-1_001.jpg (GRAPHIC) — 6KB
• 0001493152-24-024949.txt ( ) — 13204KB
• bof-20240331.xsd (EX-101.SCH) — 77KB
• bof-20240331_cal.xml (EX-101.CAL) — 88KB
• bof-20240331_def.xml (EX-101.DEF) — 429KB
• bof-20240331_lab.xml (EX-101.LAB) — 533KB
• bof-20240331_pre.xml (EX-101.PRE) — 530KB
• forms-1a_htm.xml (XML) — 2250KB

USE OF PROCEEDS

USE OF PROCEEDS 25 DIVIDEND POLICY 25 CAPITALIZATION 26

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 34 OUR MANAGEMENT 46

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 49 CERTAIN RELATIONSHIPS AND RELATED PERSON TRANSACTIONS 51

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 53 DESCRIPTION OF OUR SECURITIES 54 MATERIAL U.S. FEDERAL INCOME TAX CONSIDERATIONS FOR NON-U.S. HOLDERS OF COMMON STOCK 55

UNDERWRITING

UNDERWRITING 58 LEGAL MATTERS 64 EXPERTS 64 WHERE YOU CAN FIND MORE INFORMATION 64 INDEX TO FINANCIAL STATEMENTS F-1 i ABOUT THIS PROSPECTUS Throughout this prospectus, unless otherwise designated or the context suggests otherwise, all references to the "Company," the "registrant," "BranchOut," "we," "our," or "us" collectively refer to BranchOut Food Inc., a Nevada corporation, and its subsidiaries; all references to the "offering" refer to the public offering of common stock contemplated by this prospectus; "year" or "fiscal year" mean the Company's fiscal year ending December 31; and all dollar or $ references when used in this prospectus refer to United States dollars. The registration statement of which this prospectus forms a part that we have filed with the U.S. Securities and Exchange Commission (the "SEC") includes exhibits that provide more detail of the matters discussed in this prospectus. You should read this prospectus and the related exhibits filed with the SEC, together with the additional information described under the heading " Where You Can Find More Information ," before making your investment decision. You should rely only on the information provided in this prospectus or in any prospectus supplement or any free writing prospectuses or amendments thereto, or to which we have referred you, before making your investment decision. Neither we nor the underwriters have authorized anyone to provide you with information different from, or in addition to, that contained in this prospectus or any related free writing prospectus. If anyone provides you with different or inconsistent information, you should not rely on it. This prospectus, any prospectus supplement, or any free writing prospectuses or amendments thereto do not constitute an offer to sell, or a solicitation of an offer to purchase, the securities offered by this prospectus, any prospectus supplement or any free writing prospectuses or amendments thereto

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View this S-1/A filing on SEC EDGAR