Company: BSFC
Filing Date: 2025-06-23
Form Type: 10-K
Source: 0001641172-25-015976
Chunk: 905

Company: Blue Star Foods Corp.
Filing Date: 2025-06-23
Form: 10-K
Item: Item 2
Chunk 905
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     1,232,529  
     868,954 
  
    Allowance for inventory obsolescence 
     1,241,305  
     176,000 
  
    Allowance for related party advances and  long-term receivable 
     1,807,829  
     - 
  
    Loss on settlement of debt 
     102,911  
     977,188 
  
    Lease expense 
     40,869  
     72,526 
  
    Credit loss expense 
     7,962  
     8,340 
  
    (Gain) loss on revaluation of fair value of derivative and warrant liabilities 
     354,296  
     (2,497,088)
  
    Changes in operating assets and liabilities: 

    Accounts receivables 
     176,592  
     270,881 
  
    Inventories 
     919,456  
     2,023,631 
  
    Advances to related parties 
     95,525  
     123,000 
  
    Other current assets 
     (348,322) 
     140,290 
  
    Right of use liability 
     (40,869) 
     (71,946)
  
    Other assets 
     (35,932) 
     4,467 
  
    Accounts payable and accruals 
     321,619  
     (1,737,997)
  
    Customer refunds 
     (133,076) 
     189,975 
  
    Deferred income 
     (47,819) 
     - 
  
    Net Cash (Used in) Operating Activities 
     (6,195,893) 
     (3,530,662)

    CASH FLOWS FROM INVESTING ACTIVITIES: 

    Purchases of fixed assets 
     (101,736) 
     (159,609)
  
    Net Cash (Used in) Investing Activities 
     (101,736) 
     (159,609)

    CASH FLOWS FROM FINANCING ACTIVITIES: 

    Proceeds from common stock offering 
     6,161,626  
     1,799,506 
  
    Proceeds from sale of prefunded warrants 
     -  
     4,678,924