BranchOut Food Inc 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2026 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________to ________. Commission File Number 001-41723 BRANCHOUT FOOD INC. (Exact name of registrant as specified in its charter) Nevada81-3980472(State or other jurisdiction(IRS Employerof incorporation or organization)Identification No.) 205 SE Davis Avenue, Bend, Oregon 97702(Address of principal executive offices, including zip code)Registrant’s telephone number, including area code:(844) 263-6637 Securities registered pursuant to Section 12(b) of the Act: Name of exchange on which registeredNasdaq Capital Market BOF Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports)and (2) has been subject to filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required tosubmit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Accelerated filer☐Non-accelerated filer☒Smaller reporting company☒Emerging growth company☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ Indicate the number of shares outstanding of each of the Registrant’s classes of common stock, as of the latest practicable date. Shares outstanding as of August 13, 202615,316,030 PART I.FINANCIAL INFORMATION3Item 1.Financial Statements (Unaudited)3Condensed Consolidated Balance Sheets3Condensed Consolidated Statements of Operations and Comprehensive Loss4Condensed Consolidated Statements of Changes in Stockholders’ Equity5Condensed Consolidated Statements of Cash Flows7Condensed Consolidated Notes to Financial Statements (Unaudited)8Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations30Item 3.Quantitative and Qualitative Disclosures About Market Risk39Item 4.Controls and Procedures39PART II.OTHER INFORMATION40Item 1.Legal Proceedings40Item 1A.Risk Factors40Item 2.Unregistered Sales of Equity Securities, Use of Proceeds and Issuer Purchases of Equity Securities40Item 3.Defaults Upon Senior Securities40Item 4.Mine Safety Disclosures40Item 5.Other Information40Item 6.Exhibits41SIGNATURES422 BRANCHOUT FOOD INC.CONDENSED CONSOLIDATED BALANCE SHEETS BRANCHOUT FOOD INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited) BRANCHOUT FOOD INC.NOTES TO THE CONDENSED FINANCIAL STATEMENTS(Unaudited) Note 1 – Organization and Background Nature of Business BranchOut Food Inc., a Nevada corporation, together with its Peruvian subsidiary (collectively, “BranchOut,” the “Company,” “we,”“our” or “us”), is engaged in the development, marketing, sale and distribution of plant-based, dehydrated fruit and vegetable snacksand powders manufactured at a 50,000 square foot production facility leased by the Company in Pisco, Peru (“Peru Facility”). In April 2024, we formed BranchOut Food Sucursal Peru, our Peruvian wholly-owned subsidiary, to operate our Peru Facility, whichcommenced operations in December 2024. Our products are produced using our advanced dehydration platform licensed exclusivelyfrom EnWave Corporation (“EnWave”) to create our private label, branded, and bulk wholesale products. We use proprietaryGentleDry™ Technology optimized to preserve taste, texture, color, and nutrients. Our GentleDry™ Technology is protected by over17 patents. Prior to operating our production facility, we relied on contract manufacturers. Note 2 - Basis of Presentation and Summary of Significant Accounting Policies Basis of Accounting The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accountingprinciples generally accepted in the United States of America (“GAAP”) for interim financial reporting and pursuant to the rules andregulations of the U.S. Securities and Exchange Commission (“SEC”). Ac