Company: BRID
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001493152-25-012266
Chunk: 41

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-08-22
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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 lower average days sales outstanding compared to the same period in the prior year caused by acceleration
of select trade receivables from customers at a discount.

Cash
flows from investing activities for the thirty-six weeks ended:

    July
    11, 2025  
    July
    12, 2024 
  
    Proceeds from sale of property,
    plant, and equipment 
    $151  
    $14 
  
    Additions to property,
    plant, and equipment 
     (1,882) 
     (2,524)
  
    Net cash provided by
    (used in) investing activities 
    $(1,731) 
    $(2,510)

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 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.

21 of 27

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

    July
    11, 2025  
    July
    12, 2024 
  
    Changes in projects in process 
    $(135) 
    $169 
  
    Direct-store-delivery and sales vehicles 
     1,064  
     1,913 
  
    Packaging lines 
     103  
     - 
  
    Computer hardware and software 
     185  
     345 
  
    Quality and temperature control 
     90  
     - 
  
    Processing equipment 
     48  
     55 
  
    Building improvement 
     502  
     - 
  
    Furniture and fixtures
    and forklifts 
     25  
     42 
  
    Additions to property,
    plant, and equipment 
    $1,882  
    $2,524 

Cash
flows from financing activities for the thirty-six weeks ended:

    July
    11, 2025  
    July
    12, 2024