Company: BSFC
Filing Date: 2025-06-23
Form Type: 10-K
Source: 0001641172-25-015976
Chunk: 1526

Company: Blue Star Foods Corp.
Filing Date: 2025-06-23
Form: 10-K
Item: Item 7
Chunk 1526
---
 of December 31, 2024 and 151 shares as of December 31, 2023 
     (76,323) 
     (76,323)
  
    TOTAL STOCKHOLDERS’ EQUITY 
     (191,697) 
     2,594,922 
  
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 
    $2,554,599  
    $6,362,498 

The
accompanying notes are an integral part of these audited consolidated financial statements

F-2

Blue
Star Foods Corp.

CONSOLIDATED
STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

    2024  
    2023 

    Year Ended December 31 

    2024  
    2023 

    REVENUE, NET 
    $3,593,881  
    $6,124,529 

    COST OF REVENUE 
     4,882,871  
     5,966,452 

    GROSS PROFIT (LOSS) 
     (1,288,990) 
     158,077 

    COMMISSIONS 
     4,490  
     2,169 
  
    SALARIES AND WAGES 
     1,668,585  
     1,858,004 
  
    DEPRECIATION AND AMORTIZATION 
     5,866  
     4,521 
  
    OTHER OPERATING EXPENSES 
     7,147,468  
     2,525,661 

    LOSS FROM OPERATIONS 
     (10,115,399) 
     (4,232,278)

    OTHER INCOME 
     51,926  
     12,708 
  
    CHANGE IN FAIR VALUE OF DERIVATIVE AND WARRANT LIABILITIES 
     (354,296) 
     2,497,088 
  
    LOSS ON SETTLEMENT OF DEBT 
     -  
     (977,188)
  
    INTEREST EXPENSE 
     (2,060,718) 
     (1,771,942)

    NET LOSS 
     (12,478,487) 
     (4,471,612)

    NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS 
    $(12,