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Common Stock Options | 6 Months Ended
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Jun. 30, 2025
Common Stock Options |
Common Stock Options | Note 16 – Common Stock Options Stock Incentive Plan Our board of directors and shareholders adopted the 2022 Equity Plan on January 1, 2022. The 2022 Equity Plan allows for the grant of a variety of equity vehicles to provide flexibility in implementing equity awards, including nonqualified stock options, incentive stock options, stock appreciation rights, restricted stock, restricted stock units, performance shares, performance units, incentive bonus awards, other cash-based awards and other stock-based awards. The number of shares reserved for issuance under the 2022 Equity Plan was initially an aggregate of 600,000 shares, as adjusted on June 15, 2023, in connection with the Company’s reverse stock split, subject to annual increases under the plan, resulting in 1,633,000 reserved shares as of June 30, 2025. There were 1,333,470 options with a weighted average exercise price of $2.20 per share, and a weighted average remaining life of approximately 9.01 years, outstanding as of June 30, 2025. Common Stock Options Issued for Services Pursuant to the Company’s 2022 Equity Incentive Plan On February 13, 2025, the Company granted options to purchase 10,000 shares of the Company’s common stock, having an exercise price of $2.50 per share, exercisable over a 10-year term, to a new employee. The options will vest quarterly over three years from the date of grant. The aggregate estimated value using the Black-Scholes Pricing Model, based on a volatility rate of 43% and a call option value of $1.2384, was $12,384. On April 11, 2025, the Company granted options to purchase 30,000 shares of the Company’s common stock, having an exercise price of $1.93 per share, exercisable over a 10-year term, to one of the Company’s directors. The options vested immediately. The estimated value using the plain vanilla Black-Scholes Pricing Model, based on a volatility rate of 46% and a call option value of $0.8765, and an expected term of 5 years, was $26,294. On April 14, 2025, the Company granted options to purchase an aggregate 90,000 shares of the Company’s common stock, consisting of options to purchase 15,000 shares to each of six directors, having an exercise price of $1.94 per share, exercisable over a 10-year term, including options to purchase 15,000 shares issued to each of the Company’s CEO and CFO in consideration of their services as directors. The options vest monthly over 6 months following the issuance date. The aggregate estimated value using the plain vanilla Black-Scholes Pricing Model, based on a volatility rate of 46% and a call option value of $0.8796, and an expected term of 5 years, was $79,170. BRANCHOUT FOOD INC. NOTES TO THE CONDENSED FINANCIAL STATEMENTS (Unaudited) On June 12, 2025 the Company granted options to purchase 610,000 shares of the Company’s common stock having an exercise price of $2.06 per share, exercisable over a 10-year term, to employees for services performed. The grant includes options to purchase 180,000 and 20,000 shares to the Company CEO and CFO, respectively. The options vest in 36 equal monthly installments over the three-year period following the issuance date. The aggregate estimated value using the plain vanilla Black-Scholes Pricing Model, based on a volatility rate of 56% and a call option value of $1.2095, and an expected term of 6.5 years, was $737,783. Options are being expensed over the respective vesting period, resulting in $81,097 of stock-based compensation expense during the six months ended June 30, 2025. As of June 30, 2025, a total of $809,458 of unamortized expenses are expected to be expensed over the remaining vesting period.

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