Company: BSFC
Filing Date: 2025-02-10
Form Type: POS AM
Source: 0001493152-25-005479
Chunk: 130

Company: Blue Star Foods Corp.
Filing Date: 2025-02-10
Form: POS AM
Chunk 130
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 these options in determining the classification and measurement of the lease. Costs associated with operating lease assets are recognized on a straight-line basis within operating expenses over the term of the lease.

The table below presents the lease-related assets and liabilities recorded on the balance sheet as of December 31, 2023.

Schedule of Lease-related Assets and Liabilities

|                             |     | December 31, 2023 |         |
|:----------------------------|:----|:------------------|--------:|
| Assets                      |     |                   |         |
| Operating lease assets      |     | $                 | 125,014 |
| Liabilities                 |     |                   |         |
| Current                     |     | $                 |  35,428 |
| Operating lease liabilities |     |                   |         |
| Noncurrent                  |     |                   |         |
| Operating lease liabilities |     | $                 |  89,586 |

Supplemental cash flow information related to leases were as follows:

Schedule of Supplemental Cash Flow Information Related to Leases

|                                                          |     | Year Ended        
 December 31, 2023 |        |
|:---------------------------------------------------------|:----|:------------------|-------:|
| Cash used in operating activities:                       |     |                   |        |
| Operating leases                                         |     | $                 | 72,526 |
| ROU assets recognized in exchange for lease obligations: |     |                   |        |
| Operating leases                                         |     | $                 |      - |

The table below presents the remaining lease term and discount rates for operating leases.

Schedule of Remaining Lease Term and Discount Rates for Operating Leases

|                      |     | December 
 31, 2023 |       |   |
|:---------------------|:----|:---------|------:|:--|
| Weighted-average     
 remaining lease term |     |          |       |   |
| Operating            
 leases               |     |          |  3.25 
 years |   |
| Weighted-average     
 discount rate        |     |          |       |   |
| Operating            
 leases               |     |          |   7.3 | % |

| F-10 |

Maturities of lease liabilities as of December 31, 2023, were as follows:

Schedule of Maturities of Lease Liabilities

|                                                      |     | Operating Leases |       - |   |
|:-----------------------------------------------------|:----|:-----------------|--------:|:--|
| 202