Company: BSFC
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001493152-25-012137
Chunk: 53

Company: Blue Star Foods Corp.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 53
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 Liability 

    Derivative liability balance, January 1, 2024 
    $1,047,049 
  
    Issuance of derivative liability during the period 
     - 
  
    Settlement of derivative liability 
     (808,209)
  
    Change in fair value of derivative liability during the period 
     245,510 
  
    Derivative liability balance, June 30, 2024 
    $484,350 

    Warrant liability balance, January 1, 2024 
    $1,574 
  
    Issuance of warrant liability during the period 
     - 
  
    Change in fair value of warrant liability during the period 
     (1,024)
  
    Warrant liability balance, June 30, 2024 
    $550 

The
table below presents the change in the fair value of the derivative liability convertible debt and warrant liability during the six months
ended June 30, 2025:

    Derivative liability balance, January 1, 2025 
    $49,565 
  
    Issuance of derivative liability during the period 
     - 
  
    Change in derivative liability during the period 
     (14,090)
  
    Derivative liability balance, March 31, 2025 
    $35,475 
  
    Issuance of derivative liability during the period 
     - 
  
    Change in derivative liability during the period 
     (15,846)
  
    Derivative liability balance, June 30, 2025 
    $19,629 

The
fair market value of all derivatives and warrant liability as of December 31, 2024 was determined using the Black-Scholes option pricing
model which used the following assumptions:

Schedule
of Fair Market Value of Derivatives 

    Stock price 
    $0.13 
  
    Expected dividend yield 
     0.00%
  
    Expected stock price volatility 
     189.14%
  
    Risk-free interest rate 
     4.32%
  
    Expected term 
     0.58 years 

The
fair market value of all derivatives and warrant liability as of June 30, 2025 was determined using the Black-Scholes option pricing
model which used the following assumptions:

    Stock
    price
     
    $
    0.06

    Expected
    dividend yield

    0.00