Company: BSFC
Filing Date: 2025-07-15
Form Type: 10-Q
Source: 0001641172-25-019736
Chunk: 29

Company: Blue Star Foods Corp.
Filing Date: 2025-07-15
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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 Company issued an aggregate of 750,000 shares of common stock to Quick Capital as partial
conversion of $57,673 principal pursuant to the convertible promissory note.

During
the three months ended March 31, 2025, the Company issued an aggregate of 406,484 shares of common stock to Jefferson as partial conversion
of $32,583 principal and accrued interest pursuant to the convertible promissory note.

     20 

Note
8. Options

The
following table represents option activity for the three months ended March 31, 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 
     1,058  
    $-  

    Vested 
     3,632  

    Outstanding – March 31, 2025 
     3,686  
    $1,998.13  
     3.58  

    Exercisable – March 31, 2025 
     3,632  
    $1,998.52  
     3.60  
    $- 

For
the three months ended March 31, 2025, the Company recognized a net credit to stock compensation expense of $5,627 due to options forfeitures.

Note
9. Warrants

The
following table represents warrant activity for the three months ended March 31, 2025:

 Schedule of Warrant Activity

    Number of Warrants  
    Weighted Average Exercise Price  
    Weighted Average Remaining Contractual Life in Years  
    Aggregate Intrinsic Value 
  
    Outstanding – December 31, 2024 
     12,205  
    $106.71  
     3.96  

    Exercisable – December 31, 2024 
     12,205  
    $106.71