Company: BRID
Filing Date: 2025-06-02
Form Type: 10-Q
Source: 0001641172-25-013252
Chunk: 4

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-06-02
Form: 10-Q
Item: Part I, Item 1
Chunk 4
---
 (431)

    Net cash used in financing activities 
     (979) 
     (1,054)

    Net decrease in cash and cash equivalents 
     (7,953) 
     (1,919)

    Cash and cash equivalents at beginning of period 
     10,230  
     15,708 

    Cash and cash equivalents at end of period 
    $2,277  
    $13,789 

    Supplemental disclosure of cash flow information: 

    Cash paid for income taxes 
    $3  
    $1,248 
  
    Cash paid for interest 
    $182  
    $145 

See
accompanying notes to Condensed Consolidated Financial Statements.

 6 of 27 

Item
1. e.

BRIDGFORD
FOODS CORPORATION

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

(dollars
in thousands)

Note
1 – Summary of Significant Accounting Policies:

The
unaudited Condensed Consolidated Financial Statements of Bridgford Foods Corporation (the “Company”, “we”, “our”,
“us”) for the twelve and twenty-four weeks ended April 18, 2025 and April 19, 2024 have been prepared in accordance with
U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form
10-Q and Article 8 of Regulation S-X, and include all adjustments considered necessary by management for a fair presentation of the interim
periods. This Quarterly Report on Form 10-Q for our second fiscal quarter ended April 18, 2025 (this Report) should be read in conjunction
with the Company’s Annual Report on Form 10-K for the fiscal year ended November 1, 2024 (the “Annual Report”). Due
to seasonality and other factors, interim results are not necessarily indicative of the results for the full year. Recent accounting
pronouncements, if any, and their effect on the Company are discussed in Part I, Item 2, Management’s Discussion and Analysis of
Financial Condition and Results of Operations in this Report.

The
November 1, 2024, balance sheet amounts within these interim Condensed Consolidated Financial Statements were derived from the audited
fiscal year 2024 consolidated financial statements included in the Company’s Annual Report.

The
preparation of Condensed Consolidated