Company: BSFC
Filing Date: 2025-02-10
Form Type: POS AM
Source: 0001493152-25-005479
Chunk: 122

Company: Blue Star Foods Corp.
Filing Date: 2025-02-10
Form: POS AM
Chunk 122
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 OF PERIOD                                      |     | $                      |     24,163 |   |     | $    |       9,262 |   |
| Supplemental Disclosure of Cash Flow Information                               |     |                        |            |   |     |      |             |   |
| Cash paid for interest                                                         |     | $                      |    923,992 |   |     | $    |     306,045 |   |
| SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES                                 |     |                        |            |   |     |      |             |   |
| Common stock issued to settle related party notes payable and accrued interest |     |                        |    250,000 |   |     |      |     176,228 |   |
| Operating lease assets recognized in exchange for operating lease liabilities  |     |                        |          - |   |     |      |     185,135 |   |
| Warrants issued for convertible debt                                           |     |                        |          - |   |     |      |   1,035,253 |   |
| Common stock issued for asset acquisition                                      |     |                        |          - |   |     |      |     359,250 |   |
| Common stock issued for partial settlement of note payable                     |     |                        |  3,053,088 |   |     |      |     547,777 |   |
| Common stock issued for loan commitment fees                                   |     |                        |            |   |     |      |             |   |
| Derivative liability recognized on issuance of convertible note                |     |                        |    383,672 |   |     |      |           - |   |
| Warrant liability recognized on issuance of convertible note                   |     |                        |    453,746 |   |     |      |           - |   |
| Common stock issued to settle subordinated related party note                  |     |                        |    570,000 |   |     |      |           - |   |

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

| F-5 |

<div align='center'>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

December 31, 2023 and 2022</div>

Note 1. Company Overview

Blue Star Foods Corp., a Delaware corporation (“we”, “our”, the “Company”), is an international sustainable marine protein company based