Company: BRID
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001493152-25-012266
Chunk: 4

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-08-22
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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510)

    Cash flows from financing activities: 

    Change in lease and right-of-use obligations 
     (810) 
     226 
  
    Proceeds from bank borrowings 
     2,000  
     - 
  
    Repayments of notes payable
    - equipment 
     (718) 
     (688)

    Net
    cash provided by (used in) financing activities 
     472  
     (462)

    Net (decrease) increase in cash and cash
    equivalents 
     (6,827) 
     230 

    Cash and cash equivalents
    at beginning of period 
     10,230  
     15,708 

    Cash and cash equivalents
    at end of period 
    $3,403  
    $15,938 

    Supplemental disclosure of cash flow information: 

    Cash paid for income
    taxes 
    $63  
    $1,334 
  
    Cash paid for interest 
    $284  
    $220 
  
    Non-cash receivable
    from tenant 
     736  
     913 
  
    Non-cash liability from
    tenant 
     764  
     933 

See
accompanying notes to Condensed Consolidated Financial Statements.

6 of 27

Item
1. e.

BRIDGFORD
FOODS CORPORATION

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

(dollars
in thousands)

Note
1 – Summary of Significant Accounting Policies:

The
unaudited Condensed Consolidated Financial Statements of Bridgford Foods Corporation (the “Company”, “we”, “our”,
“us”) for the twelve and thirty-six weeks ended July 11, 2025 and July 12, 2024 have been prepared in accordance with U.S.
generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q
and Article 8 of Regulation S-X, and include all adjustments considered necessary by management for a fair presentation of the interim
periods. This Quarterly Report on Form 10-Q for our third fiscal quarter ended July 11, 2025 (this “Report”) should be read in conjunction
with the Company’s Annual Report on Form 10-K for the fiscal year ended November 1, 2024 (