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

Company: Blue Star Foods Corp.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 3
Chunk 19
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issory notes. The total amount in default, inclusive
of unpaid interest and contractual default interest, is approximately $98,471, representing approximately 6.7% of the Company’s
total consolidated assets as of June 30, 2025. The note will become immediately due and payable at a default interest
rate of 22% of the then outstanding principal amount of the note. Additionally, Diagonal will have the right to convert all or any part
of the outstanding and unpaid amount of the September and October Diagonal Note into shares of the Company’s common stock at a conversion
price of 65% and 75% of the market price as described in the note, respectively.

ITEM
4. MINE SAFETY DISCLOSURES

Not
applicable.

ITEM
5. OTHER INFORMATION

During
the six months ended June 30, 2025, none of the Company’s directors or officers adopted or terminated any contract, instruction,
or written plan for the purchase or sale of the Company’s securities intended to satisfy the affirmative defense conditions of
Rule 10b5-1(c) under the Exchange Act or any non-Rule 10b5-1 trading arrangements as defined in Item 408(a) of Regulation S-K.

ITEM
6. EXHIBITS

    Exhibit
    No.
     
    Description

    31.1
     
    Certification of Principal Executive Officer and Principal Financial Officer pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
  
    32.1
     
    Certifications of Principal Executive Officer and Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
  
    101.INS
     
    Inline
    XBRL Instance Document
  
    101.SCH
     
    Inline
    XBRL Taxonomy Extension Schema Document
  
    101.CAL
     
    Inline
    XBRL Taxonomy Extension Calculation Linkbase Document
  
    101.DEF
     
    Inline
    XBRL Taxonomy Extension Definition Linkbase Document
  
    101.LAB
     
    Inline
    XBRL Taxonomy Extension Label Linkbase Document
  
    101.PRE
     
    Inline
    XBRL Taxonomy Extension Presentation Link