Company: BSFC
Filing Date: 2025-06-23
Form Type: 10-K
Source: 0001641172-25-015976
Chunk: 326

Company: Blue Star Foods Corp.
Filing Date: 2025-06-23
Form: 10-K
Item: Item 1
Chunk 326
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 to us;

    ●
    difficulties in recruiting
    and retaining personnel, and managing international operations;

    ●
    less developed infrastructure;
    and impositions on operations as a result of the COVID-19 pandemic.

If
we expand into other target markets, we cannot assure you that our expansion plans will be realized, or if realized, be successful. We
expect each market to have particular regulatory and funding hurdles to overcome and future developments in these markets, including
the uncertainty relating to governmental policies and regulations, could harm our business. If we expend significant time and resources
on expansion plans that fail or are delayed, our reputation, business and financial condition may be harmed.

Our
results may be impacted by changes in foreign currency exchange rates.

Currently,
the majority of our international sales contracts are denominated in U.S. dollars. We pay certain of our suppliers in a foreign currency
and we may pay others in the future in foreign currency. As a result, an increase in the value of the U.S. dollar relative to foreign
currencies could require us to reduce our selling price or risk making our product less competitive in international markets or our costs
could increase. Also, if our international sales increase, we may enter into a greater number of transactions denominated in non-U.S.
dollars, which could expose us to foreign currency risks, including changes in currency exchange rates.

A
larger portion of our revenues may be denominated in other foreign currencies if we expand our international operations. Conducting business
in currencies other than U.S. dollars subjects us to fluctuations in currency exchange rates that could have a negative impact on our
operating results. Fluctuations in the value of the U.S. dollar relative to other currencies impact our revenues, cost of revenues and
operating margins and result in foreign currency translation gains and losses.

We
could be negatively impacted by violations of applicable anti-corruption laws or violations of our internal policies designed to ensure
ethical business practices.

We
operate in a number of countries throughout the world, including in countries that do not have as strong a commitment to anti-corruption
and ethical behavior that is required by U.S. laws or by corporate policies. We are subject to the risk that we, our U.S. employees or
our employees located in other jurisdictions or any third parties that we engage to do work on our behalf in foreign countries may take
action determined to be in violation of anti-corruption laws in any jurisdiction in which we conduct business. Any violation of