Company: BSFC
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021887
Chunk: 7

Company: Blue Star Foods Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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WS FROM INVESTING ACTIVITIES: 

    Purchases of fixed assets 
     (9,914) 
     (94,152)
  
    Net Cash (Used in) Investing Activities 
     (9,914) 
     (94,152)

    CASH FLOWS FROM FINANCING ACTIVITIES: 

    Proceeds from common stock offering 
     19,950  
     3,922,638 
  
    Proceeds from short-term loan 
     774,075  
     2,223,491 
  
    Repayments of short-term loan 
     (591,032) 
     (1,630,491)
  
    Repayments of related party notes payable 
     -  
     (165,620)
  
    Net Cash Provided by Financing Activities 
     202,993  
     4,350,018 

    Effect of Exchange Rate Changes on Cash 
     (65,086) 
     78,298 

    NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 
     (244,084) 
     48,535 

    CASH AND CASH EQUIVALENTS – BEGINNING OF PERIOD 
     326,854  
     24,163 

    CASH AND CASH EQUIVALENTS – END OF PERIOD 
    $82,770  
    $72,698 

    Supplemental Disclosure of Cash Flow Information 

    Cash paid for interest 
    $141,532  
    $505,538 

    SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES 

    Common stock issued for partial settlement of note payable 
     264,051  
     2,172,574 
  
    Common stock issued for loan commitment fees 
     -  
     118,888 
  
    Common stock issued for accrued directors stock compensation 
     540,000  
     - 

The
accompanying notes are an integral part of these unaudited consolidated financial statements

7

NOTES
TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

Note
1. Company Overview

Blue
Star Foods Corp., a Delaware corporation (“we”, “our”, the “Company”), is an international
sustainable marine protein company based in Miami,