PART I - FINANCIAL INFORMATION [Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements.) Presents unaudited condensed financial statements showing a revenue decrease and net loss due to COVID-19 Condensed Consolidated Balance Sheet Summary (Unaudited) | Account | Sep 30, 2020 | Dec 31, 2019 | | :--- | :--- | :--- | | **Assets** | | | | Cash and Restricted Cash | $2,743,523 | $1,091,374 | | Total Current Assets | $4,088,703 | $2,028,394 | | Total Assets | $6,755,264 | $5,125,805 | | **Liabilities & Equity** | | | | Total Current Liabilities | $1,142,959 | $1,882,057 | | Total Liabilities | $3,154,280 | $4,842,081 | | Total Stockholders' Equity | $3,600,984 | $283,724 | | Total Liabilities and Stockholders' Equity | $6,755,264 | $5,125,805 | Condensed Consolidated Statements of Operations Summary (Unaudited) | Metric | Three Months Ended Sep 30, 2020 | Three Months Ended Sep 30, 2019 | Nine Months Ended Sep 30, 2020 | Nine Months Ended Sep 30, 2019 | | :--- | :--- | :--- | :--- | :--- | | Revenue | $707,610 | $1,565,176 | $1,947,766 | $3,782,375 | | Gross Profit | $278,553 | $851,207 | $790,658 | $2,136,957 | | Operating Loss | ($836,384) | ($949,789) | ($2,936,392) | ($3,810,354) | | Net Loss | ($878,257) | ($528,700) | ($2,800,843) | ($3,949,878) | | Net Loss Per Share | ($0.01) | $0.00 | ($0.02) | ($0.03) | Condensed Consolidated Statements of Cash Flows Summary (Unaudited) | Cash Flow Activity | Nine Months Ended Sep 30, 2020 | Nine Months Ended Sep 30, 2019 | | :--- | :--- | :--- | | Net Cash used for Operating Activities | ($2,517,269) | ($3,191,642) | | Net Cash used for Investing Activities | ($52,495) | ($419,341) | | Net Cash from Financing Activities | $4,221,913 | $3,887,528 | | Net Change in Cash and Restricted Cash | $1,652,149 | $276,545 | - The company's business has been **significantly impacted by COVID-19**, affecting sales, though it obtained a **$568,000 PPP loan** to mitigate the impact[103](index=103&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=23&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations.) Management analyzes a significant revenue decline from COVID-19, narrowed operating losses, and recent capital raising efforts - Revenue for Q3 2020 **decreased 55% YoY to $707,610**, and for the nine months **decreased 49% YoY to $1.95 million** due to COVID-19 impacts[135](index=135&type=chunk)[154](index=154&type=chunk) - Gross profit margin **decreased to 39.4% in Q3 2020** from 54.4% in Q3 2019, attributed to a new lower-margin product mix[136](index=136&type=chunk)[155](index=155&type=chunk) General & Administrative Expenses Breakdown (Nine Months Ended Sep 30) | Expense Category | 2020 | 2019 | Change | | :--- | :--- | :--- | :--- | | Personnel costs | $1,217,690 | $2,286,415 | ($1,068,725) | | Stock based compensation | $240,216 | $338,683 | ($98,467) | | Travel | $69,167 | $282,834 | ($213,667) | | Marketing and selling | $192,006 | $366,937 | ($174,931) | | Shipping and Storage | $356,270 | $616,862 | ($260,592) | | **Total G&A** | **$3,284,673** | **$5,450,522** | **($2,165,849)** | - As of September 30, 2020, the company had **$2.74 million in cash**, and management believes it has mitigated substantial doubt about its going concern status[173](index=173&type=chunk)[174](index=174&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=24&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk.) This section is not required as the company qualifies as a smaller reporting company - The company is a smaller reporting company and is **not required to provide these disclosures**[177](index=177&type=chunk) [Controls and Procedures](index=24&type=section&id=Item%204.%20Controls%20and%20Procedures.) Management concluded that disclosure controls were not effective due to a material weakness in segregation of duties - Disclosure controls and procedures were concluded to be **not effective** as of September 30, 2020[179](index=179&type=chunk) - A **material weakness** was identified in internal control related to inadequate segregation of duties due to insufficient personnel[180](index=180&type=chunk) - No material changes were made to internal controls during the nine months ended September 30, 2020[182](index=182&type=chunk) PART II - OTHER INFORMATION [Legal Proceedings](index=25&type=section&id=Item%201.%20Legal%20Proceedings.) The company reports no material pending legal proceedings - The company is **not a party to any material pending legal proceedings**[185](index=185&type=chunk) [Risk Factors](index=25&type=section&id=Item%201A.%20Risk%20Factors.) This disclosure is not required as the company is a smaller reporting company - Disclosure is **not required** because the company is a smaller reporting company[186](index=186&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=25&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds.) No unregistered sales of equity securities were made that were not previously reported - No unregistered sales of equity securities were made during the period that were not already reported on a Form 8-K[187](index=187&type=chunk) [Defaults Upon Senior Securities](index=25&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities.) The company reports no defaults upon senior securities - None[189](index=189&type=chunk) [Mine Safety Disclosures](index=25&type=section&id=Item%204.%20Mine%20Safety%20Disclosures.) This section is not applicable to the company - Not applicable[191](index=191&type=chunk) [Other Information](index=25&type=section&id=Item%205.%20Other%20Information.) Discloses the resignation of the President of its subsidiary, Barfresh Corporation, Inc - On November 12, 2020, **Joseph Cugine resigned as President** of the subsidiary, Barfresh Corporation, Inc, but remains a director[192](index=192&type=chunk) [Exhibits](index=26&type=section&id=Item%206.%20Exhibits.) This section lists the exhibits filed with the report, including officer certifications and XBRL data - The report includes officer certifications and furnished XBRL data files[194](index=194&type=chunk)[195](index=195&type=chunk) [Signatures](index=27&type=section&id=SIGNATURES) - The report was signed on November 16, 2020, by the **CEO and Vice President of Finance**[199](index=199&type=chunk)

PART I [Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) This section presents the unaudited condensed consolidated financial statements for Q2 and H1 2020, detailing financial performance impacted by COVID-19 and balance sheet changes from financing activities Condensed Consolidated Balance Sheet Highlights (Unaudited) | Account | June 30, 2020 ($) | December 31, 2019 ($) | | :--- | :--- | :--- | | **Total Current Assets** | 4,637,376 | 2,028,394 | | **Total Assets** | 7,435,635 | 5,125,805 | | **Total Current Liabilities** | 1,091,040 | 1,882,057 | | **Total Liabilities** | 2,039,142 | 3,289,934 | | **Total Stockholders' Equity** | 4,353,549 | 283,724 | Condensed Consolidated Statements of Operations Highlights (Unaudited) | Metric | Three Months Ended June 30, 2020 ($) | Three Months Ended June 30, 2019 ($) | Six Months Ended June 30, 2020 ($) | Six Months Ended June 30, 2019 ($) | | :--- | :--- | :--- | :--- | :--- | | **Revenue** | 506,276 | 1,382,665 | 1,240,156 | 2,217,199 | | **Gross Profit** | 115,306 | 851,046 | 512,105 | 1,285,750 | | **Operating Loss** | (1,122,234) | (1,089,848) | (2,100,008) | (2,860,565) | | **Net Loss** | (1,179,520) | (573,916) | (1,922,586) | (3,421,178) | | **Net Loss Per Share** | (0.01) | 0.00 | (0.01) | (0.03) | Condensed Consolidated Statements of Cash Flows Highlights (Unaudited) | Cash Flow Activity | Six Months Ended June 30, 2020 ($) | Six Months Ended June 30, 2019 ($) | | :--- | :--- | :--- | | **Net Cash Used for Operating Activities** | (1,930,045) | (2,354,225) | | **Net Cash Used for Investing Activities** | (38,658) | (319,339) | | **Net Cash from Financing Activities** | 4,275,605 | 3,900,310 | | **Net Change in Cash** | 2,306,902 | 1,226,746 | | **Cash and Restricted Cash, End of Period** | 3,398,276 | 2,268,315 | - The company received a **$568,131** loan under the Paycheck Protection Program (PPP), which is eligible for forgiveness, with no forgiveness income recorded as of June 30, 2020[66](index=66&type=chunk) - In March 2020, the company completed a **$3.825 million** private placement of common stock and restructured its convertible notes, converting some to equity and extending maturities on others[67](index=67&type=chunk)[71](index=71&type=chunk)[76](index=76&type=chunk) - The company's business was significantly impacted by COVID-19, as dining bans at restaurants and school closures directly affected sales channels for its single-serve and bulk products[103](index=103&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=23&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the significant operational and financial impacts of COVID-19, including revenue decline and successful cost-cutting measures, alongside strategic actions like capital raises and debt restructuring to mitigate liquidity concerns - The company's business focuses on ready-to-blend frozen beverages, with products supplied to over **400** school locations and over **150** military bases[107](index=107&type=chunk)[108](index=108&type=chunk) - In March 2020, the company raised **$3.825 million** through a private placement of common stock and restructured its convertible notes to improve its capital structure[117](index=117&type=chunk)[118](index=118&type=chunk) - The company has a history of operating losses and negative cash flow, but management believes substantial doubt about its ability to continue as a going concern was mitigated by recent financing and debt restructuring[170](index=170&type=chunk) - As of June 30, 2020, the company had **$3.4 million** in cash and restricted cash and had reduced G&A expenses by **39%** in H1 2020 compared to H1 2019 through cost reduction measures, including reduced headcount[171](index=171&type=chunk) [Results of Operations (Q2 2020 vs Q2 2019)](index=27&type=section&id=Results%20of%20Operation%20for%20Three%20Months%20Ended%20June%2030%2C%202020%20as%20Compared%20to%20the%20Three%20Months%20Ended%20June%2030%2C%202019) Q2 2020 revenue decreased by **63%** to **$506,276** due to COVID-19, with gross margin falling to **22.8%**, while general and administrative expenses were reduced by **39%**, leading to an increased net loss Q2 Revenue and Gross Profit Comparison (2020 vs. 2019) | Metric | Q2 2020 ($) | Q2 2019 ($) | Change ($) | % Change | | :--- | :--- | :--- | :--- | :--- | | **Revenue** | 506,276 | 1,382,665 | (876,389) | (63%) | | **Gross Profit** | 115,306 | 851,046 | (735,740) | (86%) | | **Gross Margin** | 22.8% | 61.6% | - | - | Q2 General & Administrative Expense Breakdown (2020 vs. 2019) | Expense Category | Q2 2020 ($) | Q2 2019 ($) | Change ($) | | :--- | :--- | :--- | :--- | | **Personnel costs** | 427,500 | 687,994 | (260,494) | | **Marketing and selling** | 57,837 | 146,106 | (88,269) | | **Travel** | 12,917 | 99,108 | (86,191) | | **Shipping and Storage** | 96,425 | 192,628 | (96,203) | | **Total G&A** | **1,084,040** | **1,785,820** | **(701,780)** | [Results of Operations (H1 2020 vs H1 2019)](index=29&type=section&id=Results%20of%20Operation%20for%20Six%20Months%20Ended%20June%2030%2C%202020%20as%20Compared%20to%20the%20Six%20Months%20Ended%20June%2030%2C%202019) H1 2020 revenue decreased by **44%** to **$1,240,156** due to COVID-19, but a **39%** reduction in general and administrative expenses significantly improved the net loss to **$1,922,586** H1 Revenue and Gross Profit Comparison (2020 vs. 2019) | Metric | H1 2020 ($) | H1 2019 ($) | Change ($) | % Change | | :--- | :--- | :--- | :--- | :--- | | **Revenue** | 1,240,156 | 2,217,199 | (977,043) | (44%) | | **Gross Profit** | 512,105 | 1,285,750 | (773,645) | (60%) | | **Gross Margin** | 41% | 58% | - | - | H1 General & Administrative Expense Breakdown (2020 vs. 2019) | Expense Category | H1 2020 ($) | H1 2019 ($) | Change ($) | | :--- | :--- | :--- | :--- | | **Personnel costs** | 847,680 | 1,646,860 | (799,180) | | **Marketing and selling** | 136,812 | 305,535 | (168,723) | | **Travel** | 51,836 | 210,867 | (159,031) | | **Total G&A** | **2,308,465** | **3,789,264** | **(1,480,799)** | - Net loss for the six-month period improved significantly to **$1,922,586** in 2020 from **$3,421,178** in 2019, largely due to reduced operating expenses[168](index=168&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=31&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) As a smaller reporting company, the company is not required to provide market risk disclosures - Disclosure is not required because Barfresh Food Group Inc is a smaller reporting company[174](index=174&type=chunk) [Controls and Procedures](index=31&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were not effective as of June 30, 2020, due to a material weakness in internal control over financial reporting related to inadequate segregation of duties - Management concluded that as of June 30, 2020, the company's disclosure controls and procedures were not effective[176](index=176&type=chunk) - A material weakness was identified in internal controls: Inadequate Segregation of Duties due to an insufficient number of personnel[177](index=177&type=chunk)[178](index=178&type=chunk) - There were no changes in the company's internal control over financial reporting during the quarter that materially affected, or are reasonably likely to materially affect, internal controls[180](index=180&type=chunk) PART II - OTHER INFORMATION [Legal Proceedings](index=33&type=section&id=Item%201.%20Legal%20Proceedings) The company reports no material pending legal proceedings involving itself or its subsidiaries - The Company is not party to any material pending legal proceedings[183](index=183&type=chunk) [Risk Factors](index=33&type=section&id=Item%201A.%20Risk%20Factors) As a smaller reporting company, Barfresh Food Group Inc is not required to provide risk factor disclosures - Disclosure is not required because the company is a smaller reporting company[185](index=185&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=33&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company did not issue or sell any unregistered equity securities during the period not previously reported on a Form 8-K - No unregistered equity securities were issued or sold during the period that were not previously reported on a Form 8-K[186](index=186&type=chunk) [Defaults Upon Senior Securities](index=33&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reports no defaults upon senior securities - None reported[188](index=188&type=chunk) [Mine Safety Disclosures](index=33&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company's business - Not applicable[190](index=190&type=chunk) [Other Information](index=33&type=section&id=Item%205.%20Other%20Information) The company reports no other information for this item - None reported[192](index=192&type=chunk) [Exhibits](index=34&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including certifications by executive officers and XBRL data files - The exhibits include certifications from the Principal Executive Officer and Principal Accounting Officer pursuant to Sections **302** and **906** of the Sarbanes-Oxley Act of **2002**[195](index=195&type=chunk) - XBRL (Extensible Business Reporting Language) data files are also included as exhibits[195](index=195&type=chunk)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ___________________ | --- | --- | |---------------------------------------------------------------------------------------|----------- ...

Financial Data and Key Metrics Changes - For the full year 2019, net sales increased by 2% to over $4.3 million, although sales would have been higher if not for shifts in sales focus and waiting for USDA approvals [13][14] - Gross margins expanded by 3% to 54%, with expectations for 2020 gross profit margins to be comparable to 2019 [16] - General and administrative expenses were reduced by 12% to $6.9 million, and operating loss decreased by 16% to $5.2 million [16] - Adjusted EBITDA for 2019 was a loss of $4 million, an improvement from a loss of $4.8 million in 2018 [17] Business Line Data and Key Metrics Changes - The company expanded its sales channels, particularly in the military and school segments, with significant growth in the military side despite lower overall sales in Q1 2020 [10][31] - The introduction of the new ready-to-drink product, Twist & Go, is expected to enhance sales in the school channel, with initial orders from Pasco County School District for 240,000 bottles in the first month [19][28] Market Data and Key Metrics Changes - The company reported approximately $700,000 in gross revenue for Q1 2020, down from $890,000 in Q1 2019, primarily due to order cancellations related to COVID-19 [10] - The military channel remains stable, with ongoing sales in U.S. and international dining facilities [31][57] Company Strategy and Development Direction - The company is focusing on expanding its product offerings and sales channels, particularly in the school and military markets, while also managing costs effectively [33] - The launch of the Twist & Go product is seen as a significant growth opportunity, particularly in the school segment, which has a vast potential market [30][56] Management's Comments on Operating Environment and Future Outlook - Management noted that while there have been some disruptions due to COVID-19, the company has not experienced material disruptions in manufacturing or supply chain logistics [9] - The company expects continued improvement in financial results throughout 2020, driven by cost reductions and new product launches [17][20] Other Important Information - The company raised approximately $5.8 million through a combination of common stock sales and debt conversion, which is expected to support growth initiatives [20] - The USDA approved the new product packaging, which will enhance the bulk platform and facilitate sales in schools [15] Q&A Session Summary Question: What took so long for the national accounts and school progress? - Management acknowledged the delays but expressed satisfaction with the current progress [36] Question: Can the success in Pasco County be extrapolated to other districts? - Management indicated that the new product's approval and distribution model would allow for rapid expansion across other districts [37][39] Question: Is the recent funding sufficient for future plans? - Management confirmed that the current funding is sufficient to execute their plans without the need for additional raises in the near future [49] Question: What is the competition like for the Twist & Go product? - Management stated that while there are competitors, the unique formulation and distribution requirements create a significant barrier to entry [54][56] Question: Are military installations operating as usual? - Management confirmed that military operations are largely business as usual, with no significant disruptions reported [57]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 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: 000-55131 BARFRESH FOOD GROUP INC. (Exact name of registrant as specified in its charter) | --- | --- | |--- ...

Barfresh Food Group, Inc. (NASDAQ:BRFH) Q3 2019 Earnings Conference Call November 14, 2019 4:30 PM ET Company Participants Riccardo Delle Coste – Chief Executive Officer and Founder Joe Cugine – President Raffi Loussararian – Vice President of Finance Conference Call Participants Eliot Penn – Lazarus Management Operator Good afternoon, everyone, and thank you for participating in today's Third Quarter 2019 Corporate Update Call for Barfresh Food Group. Joining us today is Barfresh Food Group's Founder and C ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ___________________ | --- | --- | |---------------------------------------------------------------------------------------|------- ...

Barfresh Food Group, Inc. (NASDAQ:BRFH) Q2 2019 Results Conference Call August 14, 2019 4:30 PM ET Company Participants Riccardo Delle Coste – Founder and Chief Executive Officer Joe Tesoriero – Chief Financial Officer Joe Cugine – President Conference Call Participants Justin Borus – Ibex Investors Marc Nuccitelli – Dillion Hill Capital Operator Good afternoon, everyone, and thank you for participating on today's Second Quarter 2019 Corporate Update Call for Barfresh Food Group. Joining us today is Barfres ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 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: 000-55131 BARFRESH FOOD GROUP INC. (Exact name of registrant as specified in its charter) D ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 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: 000-55131 BARFRESH FOOD GROUP INC. (Exact name of registrant as specified in its charter) ...