Company: BSFC
Filing Date: 2025-03-05
Form Type: S-1
Source: 0001493152-25-009166
Chunk: 121

Company: Blue Star Foods Corp.
Filing Date: 2025-03-05
Form: S-1
Chunk 121
---
   |
| Series A 8% cumulative convertible preferred stock, $0.0001 par value; 10,000 shares authorized, 0 shares issued and outstanding as of December 31, 2023, and 0 shares issued and outstanding as of December 31, 2022 |     |   |                 - |   |     |   |                 - |   |
| Common stock, $0.0001 par value, 100,000,000 shares authorized; 461,722 shares issued and outstanding as of December 31, 2023, and 26,766 shares issued and outstanding as of December 31, 2022                       |     |   |                46 |   |     |   |                 2 |   |
| Additional paid-in capital                                                                                                                                                                                            |     |   |        36,661,926 |   |     |   |        28,329,248 |   |
| Accumulated other comprehensive loss                                                                                                                                                                                  |     |   |          (179,995 | ) |     |   |          (235,853 | ) |
| Accumulated deficit                                                                                                                                                                                                   |     |   |       (33,810,732 | ) |     |   |       (29,339,120 | ) |
| Treasury stock, 151 shares as of December 31, 2023 and 0 shares as of December 31, 2022                                                                                                                               |     |   |           (76,323 | ) |     |   |                 - |   |
| TOTAL STOCKHOLDERS’ EQUITY (DEFICIT)                                                                                                                                                                                  |     |   |         2,594,922 |   |     |   |        (1,245,723 | ) |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY                                                                                                                                                                            |     | $ |         6,362,498 |   |     | $ |         8,678,477 |   |

<div align='center'>The accompanying notes are an integral part of these audited consolidated financial statements</div>

| F-2 |

<div align='center'>Blue Star Foods Corp.

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS</div>

|                                                                |     | Year Ended December 31 
 2023                   |       2023 |   |     | 2022 |        2022 |   |
|:---------------------------------------------------------------|:----|:-----------------------|-----------:|