Company: BSFC
Filing Date: 2025-06-23
Form Type: 10-K
Source: 0001641172-25-015976
Chunk: 644

Company: Blue Star Foods Corp.
Filing Date: 2025-06-23
Form: 10-K
Item: Item 1B
Chunk 644
---
 2025

F-1

Blue
Star Foods Corp.

CONSOLIDATED
BALANCE SHEETS

    DECEMBER
                                                                                31, 2024  
    DECEMBER
                                                                                31, 2023 

    ASSETS 

    CURRENT ASSETS 

    Cash and cash equivalents 
    $326,854  
    $24,163 
  
    Accounts receivable, net of allowances and credit losses of $39,026 and $31,064 
     349,641  
     534,195 
  
    Inventory, net 
     447,760  
     2,608,521 
  
    Advances to related party, net 
     -  
     95,525 
  
    Other current assets 
     1,109,494  
     833,472 
  
    Total Current Assets 
     2,233,749  
     4,095,876 
  
    RELATED PARTY LONG-TERM RECEIVABLE, NET 
     -  
     435,545 
  
    FIXED ASSETS, NET 
     122,860  
     303,857 
  
    RIGHT OF USE ASSET 
     84,145  
     125,014 
  
    ADVANCES TO RELATED PARTY, NET 
     -  
     1,299,984 
  
    OTHER ASSETS 
     113,845  
     102,222 
  
    TOTAL ASSETS 
    $2,554,599  
    $6,362,498 
  
    LIABILITIES AND STOCKHOLDERS’ EQUITY 

    CURRENT LIABILITIES 

    Accounts payable and accruals 
    $982,243  
    $661,377 
  
    Customer refunds 
     56,899  
     189,975 
  
    Deferred income 
     -  
     47,819 
  
    Current maturities of lease liabilities 
     35,688  
     35,428 
  
    Current maturities of related party long-term notes 
     -  
     100,000 
  
    Loan payable 
     729,698  
     156,938 
  
    Related party notes payable - subordinated 
     -  
     165,620 
  
    Derivative liability 
     49,565