Company: BSFC
Filing Date: 2025-06-23
Form Type: 10-K
Source: 0001641172-25-015976
Chunk: 521

Company: Blue Star Foods Corp.
Filing Date: 2025-06-23
Form: 10-K
Item: Item 1A
Chunk 521
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1,737,997)
  
    Customer refunds 
     (133,076) 
     189,975 
  
    Deferred income 
     (47,819) 
     - 
  
    Net Cash (Used in) Operating Activities 
     (6,195,893) 
     (3,530,662)

    CASH FLOWS FROM INVESTING ACTIVITIES: 

    Purchases of fixed assets 
     (101,736) 
     (159,609)
  
    Net Cash (Used in) Investing Activities 
     (101,736) 
     (159,609)

    CASH FLOWS FROM FINANCING ACTIVITIES: 

    Proceeds from common stock offering 
     6,161,626  
     1,799,506 
  
    Proceeds from sale of prefunded warrants 
     -  
     4,678,924 
  
    Proceeds from working capital line of credit 
     -  
     2,405,034 
  
    Proceeds from short-term loans 
     2,477,790  
     700,000 
  
    Proceeds from convertible debt 
     -  
     1,140,000 
  
    Repayments of working capital line of credit 
     -  
     (4,182,971)
  
    Repayments of short-term loans 
     (1,955,924) 
     (623,000)
  
    Principal payments of convertible debt 
     -  
     (2,007,435)
  
    Repayments of related party notes payable 
     (265,620) 
     (157,380)
  
    Purchase of treasury stock 
     -  
     (76,323)
  
    Net Cash Provided by Financing Activities 
     6,417,872  
     3,676,355 

    Effect of Exchange Rate Changes on Cash 
     182,448  
     28,817 

    NET INCREASE IN CASH AND CASH EQUIVALENTS 
     302,691  
     14,901 

    CASH AND CASH EQUIVALENTS – BEGINNING OF PERIOD 
     24,163  
     9,262 

    CASH AND CASH EQUIVALENT