Company: BSFC
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021887
Chunk: 35

Company: Blue Star Foods Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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 and accrued interest pursuant to the convertible promissory note.

During the nine months ended September 30, 2025,
the Company issued 1,000,000 shares of Series A Super Voting Convertible Preferred Stock (“Series A Preferred”) with par value
$0.0001 per share. The Series A Preferred was issued for no cash or other consideration and solely to establish a voting control structure.
Each share of Series A Preferred entitles the holder to 100 votes per share on all matters submitted to a vote of the stockholders.

    20

Note
10. Options

The
following table represents option activity for the nine months ended September 30, 2025:

 Schedule
of Option Activity

    Number of Options  
    Weighted Average Exercise Price  
    Weighted Average Remaining Contractual Life in Years  
    Aggregate Intrinsic Value 
  
    Outstanding – December 31, 2024 
     4,744  
    $1,532.26  
     3.34  

    Exercisable – December 31, 2024 
     4,076  
    $1532.26  
     3.61  
    $         - 
  
    Granted 
     -  
    $-  

    Forfeited 
     1,353  
    $-  

    Vested 
     3,351  

    Outstanding – September 30, 2025 
     3,391  
    $1,997.97  
     3.05  

    Exercisable – September 30, 2025 
     3,351  
    $1,998.09  
     3.07  
    $- 

For
the nine months ended September 30, 2025, the Company recognized a stock compensation expense of $666 due to options forfeitures.

The
following table represents option activity for the nine months ended September 30, 2024:

    Number of Options  
    Weighted Average Exercise Price  
    Weighted Average Remaining Contractual Life in Years  
    Aggregate Intrinsic Value 
  
    Outstanding – December 31, 2023 
     6,331  
    $1,555.52  
     3.80  
    $- 
  
    Exercisable – December 31, 2023 
     4,398