Company: BSFC
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001493152-25-012137
Chunk: 43

Company: Blue Star Foods Corp.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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,271,858  
    $232  
    $41,519,902  
    $(37,123,940) 
    $(83,173) 
    $(76,323) 
    $4,236,698 

The
accompanying notes are an integral part of these unaudited consolidated financial statements

6

Blue
Star Foods Corp.

CONSOLIDATED
STATEMENTS OF CASH FLOWS

(UNAUDITED)

    2025  
    2024 

    Six Months Ended June 30 

    2025  
    2024 
  
    CASH FLOWS FROM OPERATING ACTIVITIES:  

    Net Loss  
    $(1,851,748) 
    $(3,313,209)
  
    Adjustments to reconcile net loss to net cash (used in) operating activities:  

    Stock based compensation  
     (2,480) 
     (5,623)
  
    Common stock issued for service  
     66,000  
     55,000 
  
    Depreciation of fixed assets  
     13,318  
     2,676 
  
    Amortization of debt discounts  
     152,047  
     777,663 
  
    Allowance for inventory obsolescence  
     27,432 
     370,923 
  
    Loss on settlement of debt  
     40,166  
     - 
  
    Lease expense  
     15,031  
     20,226 
  
    Credit loss expense  
     (10,041) 
     - 
  
    (Gain) Loss on revaluation of fair value of derivative and warrant liabilities  
     (29,936) 
     244,486 
  
    Changes in operating assets and liabilities:  

    Accounts receivables  
     15,373  
     334,550 
  
    Inventories  
     171,333  
     593,306 
  
    Advances to related parties  
     -  
     95,525 
  
    Other current assets  
     544,222  
     (1,524,042)
  
    Right of use liability  
     (15,031) 
     (20,226)
  
    Other assets