Company: BRID
Filing Date: 2025-01-29
Form Type: 10-K
Source: 0001493152-25-004182
Chunk: 254

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-01-29
Form: 10-K
Item: Item 2
Chunk 254
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, interpretations, and exposure drafts. For information on new accounting pronouncements
and the impact, if any, on our financial position or results of operations, see Note 1 of the Notes to the Consolidated Financial Statements
included within this Report.

Item 7A. Quantitative and Qualitative Disclosures
About Market Risk

Not applicable for a smaller reporting
company.

Item 8. Consolidated Financial Statements
and Supplementary Data

The Consolidated Financial Statements
required by this Item are set forth in Part IV, Item 15 of this Report.

Item 9. Changes in and Disagreements With
Accountants on Accounting and Financial Disclosure

Not applicable.

 17 

Item 9A. Controls and Procedures

Evaluation of disclosure
controls and procedures

Disclosure controls and procedures
are designed to help ensure that information required to be disclosed by us in our Exchange Act reports is recorded, processed, summarized
and reported within the time periods specified in the SEC’s rules, regulations and forms, and that such information is collected
and communicated to our management, including our Chairman of the Board and Chief Financial Officer, as appropriate to allow timely decisions
regarding required disclosure.

Our management, with the participation
and under the supervision of our Chairman of the Board and Chief Financial Officer, has evaluated the effectiveness of our disclosure
controls and procedures (as defined in Exchange Act Rule 13a-15(e)) as of the end of the period covered by this Report. Based on this
evaluation, the Chairman of the Board and Chief Financial Officer have concluded that our disclosure controls and procedures were effective
as of the end of the period covered by this Report.

Our management, including
our Chairman of the Board and Chief Financial Officer, does not expect that our disclosure controls and internal controls will prevent
all error and all fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance
that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource
constraints, and the benefits of controls must be considered relative to their costs. Because of inherent limitations in all control systems,
no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the Company have
been detected. These inherent limitations include the realities that judgments in decision-making can be faulty, and that breakdowns can
occur because of simple error or mistake. Additionally, controls can be circumvented by the individual