Company: BSFC
Filing Date: 2025-06-23
Form Type: 10-K
Source: 0001641172-25-015976
Chunk: 708

Company: Blue Star Foods Corp.
Filing Date: 2025-06-23
Form: 10-K
Item: Item 1B
Chunk 708
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quate segregation of duties consistent with control objectives, including lack of personnel resources and technical accounting expertise
within the accounting function of the Company, and

● inadequate design and implementation of controls over related party transactions.

Management’s
Remediation Initiatives

In
an effort to remediate the identified material weaknesses and other deficiencies and enhance our internal controls, we plan to further
initiate the following measures, subject to the availability of required resources:

    ●
    We
    plan to create an internal control framework that will address financial close and reporting process, among other procedures; and

    ●
    We
                                            plan to create a position to segregate duties consistent with control objectives and hire
                                            personnel resources with technical accounting expertise within the accounting function.

41

Attestation
Report of the Registered Public Accounting Firm

This
Annual Report does not include an attestation report of our registered public accounting firm regarding our internal control over financial
reporting. Management’s report was not subject to attestation by our registered public accounting firm pursuant to rules of the
SEC that exempt smaller reporting companies from this requirement.

Changes
in Internal Control over Financial Reporting

There
have been no changes in our internal control over financial reporting that occurred during our fourth quarter that have materially affected,
or are reasonably likely to materially affect, our internal control over financial reporting.

ITEM
9B. OTHER INFORMATION

None

ITEM
9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS

Not
applicable.

42

PART
III

ITEM
10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

Directors
and Executive Officers

Below
are the names of and certain information regarding the Company’s current executive officers and directors:

    Name
     
    Age
     
    Position
     
    Date
    Appointed

    John
    Keeler
     
    54
     
    Executive
    Chairman and Chief Executive Officer
     
    November
    8, 2018

    Nubar
    Herian
     
    55
     
    Director
     
    November
    8, 2018

    Jeffrey
    J. Guzy
     
    73
     
    Director
     
    April
    12, 2021

    Timothy
    McLellan
     
    68
     
    Director