Company: BRID
Filing Date: 2025-01-29
Form Type: 10-K
Source: 0001493152-25-004182
Chunk: 158

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-01-29
Form: 10-K
Item: Item 1B
Chunk 158
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 and other non-current liabilities 
     (2,227) 
     (1,207)
  
    Net cash (used in) provided by operating activities 
     (497) 
     3,985 
  
    Cash flows from investing activities: 

    Proceeds from sale of property, plant and equipment 
     69  
     227 
  
    Additions to property, plant and equipment 
     (3,902) 
     (2,603)
  
    Net cash used in investing activities 
     (3,833) 
     (2,376)
  
    Cash flows from financing activities: 

    Payment of financing lease obligations 
     (103) 
     (1,151)
  
    Repayments of bank borrowings 
     (1,045) 
     (1,083)
  
    Net cash used in financing activities 
     (1,148) 
     (2,234)
  
    Net decrease in cash and cash equivalents 
     (5,478) 
     (625)

    Cash and cash equivalents and restricted cash at beginning of year 
     15,708  
     16,333 
  
    Cash and cash equivalents and restricted cash at end of year 
    $10,230  
    $15,708 

    Supplemental disclosure of cash flow information: 

    Cash paid for income taxes 
    $1,365  
    $2,587 
  
    Cash paid for interest 
    $429  
    $579 

See accompanying notes to consolidated financial
statements.

 30 

BRIDGFORD FOODS CORPORATION 

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 

(in thousands except share and per share amounts,
time periods, ratios and percentages)

NOTE 1 - The Company and Summary of Significant
Accounting Policies:

Bridgford Foods Corporation
(collectively with its subsidiaries, “Bridgford”, the “Company”, “we”, “our”) was organized in
1952. We originally began operations in 1932 as a retail meat market in San Diego, California and evolved into a meat wholesaler for hotels
and restaurants, a distributor of frozen food products, a processor and packer of meat, and a manufacturer and distributor of frozen food
products for sale on a retail and wholesale basis. We, including our subsidiaries, are primarily engaged in the manufacturing,