Company: BRID
Filing Date: 2025-01-29
Form Type: 10-K
Source: 0001493152-25-004182
Chunk: 84

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-01-29
Form: 10-K
Item: Item 1A
Chunk 84
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2024  (52 Weeks)   
    November 3, 2023  (53 Weeks)  
  
    Proceeds from sale of property, plant and equipment 
    $69  
    $227 
  
    Additions to property, plant and equipment 
     (3,902) 
     (2,603)
  
    Net cash used in investing activities 
    $(3,833) 
    $(2,376)

Additions to property, plant and equipment include
the acquisition of equipment, upgrading of facilities to maintain operating efficiency and investments in cost effective technologies
to lower costs. In general, we capitalize the cost of additions and improvements and expense the cost for repairs and maintenance. We
may also capitalize costs related to improvements that extend the life, increase the capacity, or improve the efficiency of existing machinery
and equipment. Specifically, capitalization of upgrades of facilities to maintain operating efficiency include acquisitions of machinery
and equipment used on packaging lines and refrigeration equipment used to process food products.

The table below highlights the additions to property,
plant and equipment for the fifty-two and fifty-three weeks ended:

    November 1, 2024  (52 Weeks)   
    November 3, 2023  (53 Weeks)  
  
    Building and leasehold improvements 
    $-  
    $192 
  
    Furniture and fixture 
     92  
     - 
  
    Temperature control 
     -  
     - 
  
    Processing equipment 
     215  
     506 
  
    Packaging lines 
     2,595  
     205 
  
    Vehicles for sales and/or delivery 
     2,372  
     1,390 
  
    Quality control and communication systems 
     -  
     66 
  
    Computer software and hardware 
     345  
     - 
  
    Forklifts 
     52  
     39 
  
    Change in projects in process 
     (1,769) 
     205 
  
    Additions to property, plant and equipment 
    $3,902  
    $2,603 

Expenditures for additions to property, plant
and equipment during the fifty-two weeks ended November 1, 2024, include projects in process of $755 related to the production facilities
in Chicago and Statesville. 

 15 

Cash flows used in financing activities:

    November 1