Company: BSFC
Filing Date: 2025-02-10
Form Type: POS AM
Source: 0001493152-25-005479
Chunk: 198

Company: Blue Star Foods Corp.
Filing Date: 2025-02-10
Form: POS AM
Chunk 198
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 third party and paid $ 52,200on the lease for the nine months ended September 30, 2023. For the nine months ended September 30, 2024, the Company paid $ 52,200under this lease.

Coastal Pride leased approximately 1,100square feet of office space in Beaufort, South Carolina which consists of a lease with a related party for $ 1,000per month that expires in October 2024. In August 2024, the lease was terminated as of August 31, 2024. For the nine months ended September 30, 2024, Coastal Pride paid $ 8,000on the lease.

Coastal Pride also leased a 9,050square foot facility for $ 1,000per month from Gault for its soft-shell crab operations in Beaufort, South Carolina under a one-year lease that expired in February 2023. On February 3, 2023, the lease was renewed for $ 1,500per month until February 2024. On February 3, 2024, Coastal Pride entered into a verbal month-to-month lease agreement with Gault for $ 1,500per month. For the nine months ended September 30, 2024, Coastal Pride paid $ 13,500on the lease.

| F-49 |

The offices and facility of TOBC are located in Nanaimo, British Columbia, Canada and are on land which was leased to TOBC for approximately $ 2,500per month plus taxes, from Steve and Janet Atkinson, the former TOBC owners. On April 1, 2022, TOBC entered into a new five-year lease with Steve and Janet Atkinson for CAD$ 2,590per month plus taxes, and an additional five-year lease with Kathryn Atkinson for CAD$ 2,370per month plus taxes. Both leases are renewable for two additional five-year terms.

Rental and equipment lease expenses were approximately $ 112,800and $ 130,900for the nine months ended September 30, 2024 and 2023, respectively.

Note 11. Subsequent Events

Shares issuances

On October 1, 2024, November
1, 2024, December 1, 2024, and January 1, 2025, the Company issued an aggregate of 178,498shares of common stock, to the designee of ClearThink Capital for