Company: BSFC
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021887
Chunk: 39

Company: Blue Star Foods Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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 approximately
$2,500 per month plus taxes, from Steve and Janet Atkinson, a related party and the former TOBC owners. On April 1, 2022, TOBC entered
into a new five-year lease with Steve and Janet Atkinson for CAD$2,590 per month plus taxes, and an additional five-year lease with Kathryn
Atkinson for CAD$2,370 per month plus taxes. Both leases are renewable for two additional five-year terms. The Company evaluated the
lease terms at inception and has not determined whether it will exercise the renewal options.

Rental
and equipment lease expenses were approximately $34,200 for related party and $40,700 for non-related party for the nine months ended
September 30, 2025. For the nine months ended September 30, 2024, rental lease expenses was approximately $35,400 for related party and
$77,400 for non-related party.

Note
13. Subsequent Events

Shares
issuances

On
October 14, 2025, October 24, 2025, October 29, 2025, November 3, 2025, November 4, 2025, November 5, 2025, and November 7, 2025, the Company issued an
aggregate of 9,535,617
shares of common stock to Quick Capital as partial conversion
of $50,551
principal pursuant to the convertible promissory note.

On
October 28, 2025, October 30, 2025, November 3, 2025, November 4, 2025, November 5, 2025, November 6, 2025, November 10, 2025, and
November 12, 2025, the Company issued an aggregate of 11,751,336
shares of common stock to Diagonal as partial conversion of $79,550
principal pursuant to the convertible promissory note.

Schedule
14C

On
October 7, 2025, the Company filed an Information Statement on Schedule 14C with the Securities and Exchange Commission to notify stockholders
of certain corporate actions that were approved by written consent of the Company’s majority stockholders in accordance with applicable
law. The Information Statement was filed to provide the required notice to stockholders prior to the effectiveness of such actions.

Unaffiliated
Note

On
October 29, 2025,