Company: BRID
Filing Date: 2025-03-07
Form Type: 10-Q
Source: 0001493152-25-009592
Chunk: 32

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-03-07
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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 plan. Plan funding strategies may be adjusted depending
upon economic conditions, investment options, tax deductibility, or recent legislative changes in funding requirements.

Our
cash conversion cycle (defined as days of inventory and trade receivables less days of trade payables outstanding) was equal to 74 days
for the twelve-week period ended January 24, 2025. The decrease in the cash conversion cycle from 84 days to 74 days for the twelve-week
period ended January 26, 2024, was due to lower average days in inventory compared to the same period in the prior year.

Cash
flows from investing activities for the twelve weeks ended:

    January 24, 2025  
    January 26, 2024 
  
    Proceeds from sale of property, plant, and equipment 
    $6  
    $- 
  
    Additions to property, plant, and equipment 
     (531) 
     (1,860)
  
    Net cash used in investing activities 
    $(525) 
    $(1,860)

Expenditures
for property, plant and equipment include the acquisition of equipment, upgrading of facilities to maintain operating efficiency and
investments in cost effective technologies to lower costs. In general, we capitalize the cost of additions and improvements and expense
the cost for repairs and maintenance. We may also capitalize costs related to improvements that extend the life, increase the capacity,
or improve the efficiency of existing machinery and equipment. Specifically, capitalization of upgrades of facilities to maintain operating
efficiency include acquisitions of machinery and equipment used on packaging lines and refrigeration equipment used to process food products.

The
table below highlights additions to property, plant and equipment for the twelve weeks ended:

    January 24, 2025  
    January 26, 2024 
  
    Changes in projects in process 
    $(68) 
    $1,039 
  
    Direct-store-delivery and sales vehicles 
     446  
     476 
  
    Packaging lines 
     18  
     - 
  
    Computer hardware and software 
     -  
     345 
  
    Temperature control 
     30  
     - 
  
    Processing equipment 
     80  
     - 
  
    Furniture and fixtures and forklifts 
     25  
     - 
  
    Additions to property, plant, and equipment 
    $531  
    $1,