Company: BRID
Filing Date: 2025-01-29
Form Type: 10-K
Source: 0001493152-25-004182
Chunk: 138

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-01-29
Form: 10-K
Item: Item 1B
Chunk 138
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 general price inflation or deflation, raw materials costs, labor shortages or supply chain
issues could adversely affect the Company’s financial results and its liquidity. Higher product prices and promotions could potentially
lower demand for our product and decrease volume. Management believes there are various options available to generate additional liquidity
to repay debt or fund operations such as mortgaging real estate, should that be necessary. Our ability to increase liquidity will depend
upon, among other things, our business plans and the performance of operating divisions and economic conditions of capital markets. If
we are unable to increase liquidity through mortgaging real estate or additional borrowing, or generate positive cash flow necessary to
fund operations, we may not be able to compete successfully, which could negatively impact our business, operations, and financial condition.
With the cash expected to be generated from the Company’s operations, we anticipate that we will maintain sufficient liquidity or
exercise a portion of the line of credit to operate our business for at least the next twelve months. We will continue to monitor the
impact of inflation and interest rate volatility on our liquidity and, if necessary, take action to preserve liquidity and ensure that
our business can operate during these uncertain times.

 14 

Cash flows (used in) provided by operating
activities: 

    November 1, 2024  (52 Weeks)   
    November 3, 2023  (53 Weeks)  

    Net (loss) income 
    $(3,381) 
    $3,474 
  
    Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: 

    Depreciation and amortization 
     6,540  
     6,558 
  
    (Recoveries on) provision for losses on accounts receivable 
     (126) 
     147 
  
    Provision for (reduction in) promotional allowances 
     307  
     (679)
  
    Loss on sale of property, plant and equipment 
     146  
     161 
  
    Deferred income taxes, net 
     (720) 
     (631)
  
    Changes in assets and liabilities 
     (3,263) 
     (5,045)
  
    Net cash (used in) provided by operating activities 
    $(497) 
    $3,985 

For the fifty-two weeks ended November 1, 2024,
net cash used in operating activities was