Company: BSFC
Filing Date: 2025-06-23
Form Type: 10-K
Source: 0001641172-25-015976
Chunk: 339

Company: Blue Star Foods Corp.
Filing Date: 2025-06-23
Form: 10-K
Item: Item 1
Chunk 339
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 of our common stock will be your sole source of gain for the foreseeable future.

ITEM
1B. UNRESOLVED STAFF COMMENTS

We
are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information
under this Item.

ITEM
1C. CYBERSECURITY

The
Company engages a third-party provider to maintain our systems and management participates in the assessment to identify any risks from
cybersecurity threats. Our third-party provider monitors our firewall, network, system security and internal and external backups and
reports any issues to the Company.

The
Company’s Board, together with management, is engaged in our cybersecurity monitoring managed by our third-party provider and it
is constantly changing. Any issues are appropriately addressed timely.

26

To
date, we have not experienced any cybersecurity incidents that materially affected our business strategy, results of operations or financial
condition.

ITEM
2. PROPERTIES

The
Company’s executive offices and warehouse facility are based in Miami, Florida. On January 1, 2022, the Company entered into a
verbal month-to-month lease agreement for 4,756 square feet of its executive offices with an unrelated third party, for monthly rent
of $5,800. The Company has paid $69,900 to date under this lease.

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

Coastal
Pride also leased a 9,050 square foot facility for $1,000 per month from Gault Seafood, LLC, (“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 $1,500 per month until
February 2024. On February 3, 2024, Coastal Pride entered into a verbal month-to-month lease agreement with Gault for $1,500 per month.

The
offices and facility of TOBC are located in Nanaimo, British Columbia, Canada and are on land which was leased to