Company: BSFC
Filing Date: 2025-06-23
Form Type: 10-K
Source: 0001641172-25-015976
Chunk: 479

Company: Blue Star Foods Corp.
Filing Date: 2025-06-23
Form: 10-K
Item: Item 1A
Chunk 479
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ruption
laws or regulations could result in substantial fines, sanctions, civil and/or criminal penalties and curtailment of operations in certain
jurisdictions and might harm our business, financial condition or results of operations. Further, detecting, investigating and resolving
actual or alleged violations is expensive and can consume significant time and attention of our senior management.

18

We
depend on our information technology systems, and any failure of these systems could harm our business.

We
depend on information technology and telecommunications systems for significant elements of our operations. We have developed propriety
software for the management and operation of our business. We have installed and expect to expand a number of enterprise software systems
that affect a broad range of business processes and functional areas, including for example, systems handling human resources, financial
controls and reporting, contract management, regulatory compliance and other infrastructure operations.

Information
technology and telecommunications systems are vulnerable to damage from a variety of sources, including telecommunications or network
failures, malicious human acts and natural disasters. Moreover, despite network security and back-up measures, some of our servers are
potentially vulnerable to physical or electronic break-ins, computer viruses and similar disruptive problems. Despite the precautionary
measures we have taken to prevent unanticipated problems that could affect our information technology and telecommunications systems,
failures or significant downtime of our information technology or telecommunications systems or those used by our third-party service
providers could prevent us from providing support services and product to our customers and managing the administrative aspects of our
business. Any disruption or loss of information technology or telecommunications systems on which critical aspects of our operations
depend could harm our business.

Our
operations are vulnerable to interruption or loss due to natural or other disasters, power loss, strikes and other events beyond our
control.

We
conduct a significant portion of our activities, including administration and data processing, at facilities located in Southern Florida
that have experienced major hurricanes and floods which could affect our facilities, significantly disrupt our operations, and delay
or prevent product shipment during the time required to repair, rebuild or replace damaged processing facilities. Our suppliers in Southeast
Asia and Latin America are also vulnerable to natural disasters which could disrupt their operations and their ability to supply product
to us. If any of our customers’ facilities are negatively impacted by a disaster, product shipments could be delayed. Additionally,
customers may delay purchases of products until operations return to normal. Even if we and/or our suppliers are able to quickly respond
to a disaster, the ongoing effects of the disaster could create some uncertainty