Company: BRID
Filing Date: 2025-06-02
Form Type: 10-Q
Source: 0001641172-25-013252
Chunk: 112

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-06-02
Form: 10-Q
Item: Part I, Item 2
Chunk 112
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 Israel and Palestine. Despite higher commodity costs like we are experiencing currently
and in recent history, we may not be able to increase our product prices in a timely manner or sufficiently to offset such increased
commodity or other costs due to consumer price sensitivity, pricing in relation to competitors and the reluctance of retailers to accept
the price increase. Instances of higher interest rates, general price inflation or deflation, higher raw materials costs, labor shortages
or supply chain issues could adversely affect the Company’s financial results and its liquidity. Higher product prices could potentially
lower demand for our products 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, 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 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.

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Cash
flows from operating activities for the twenty-four weeks ended:

    April 18, 2025  
    April 19, 2024 
  
    Net loss 
    $(4,973) 
    $(960)

    Adjustments to reconcile net loss to net cash (used in) provided by operating activities: 

    Depreciation and amortization 
     3,104  
     3,106 
  
    Provision for (recovery on) credit losses on accounts receivable 
     343  
     (132)
  
    Decrease in promotional allowances 
     (657) 
     (639)
  
    Gain on sale of property, plant, and equipment 
     (44) 
     (2)
  
    Changes in operating working capital 
     (3,199) 
     (371)
  
    Net cash used in (provided by) operating activities 
    $(5