Company: BSFC
Filing Date: 2025-02-10
Form Type: POS AM
Source: 0001493152-25-005479
Chunk: 162

Company: Blue Star Foods Corp.
Filing Date: 2025-02-10
Form: POS AM
Chunk 162
---
, by a ratio of not less than 1-for-2 and not more than 1-for-50, with the exact ratio to be determined by the Board in its sole discretion.

The Board determined to effectuate a 1:50 reverse stock split (the “Reverse Stock Split”) and on May 20, 2024 the Company amended its Certificate of Incorporation to effect the Reverse Stock Split which became effective on the same day. All share and per share amounts in the financial statements have been retrospectively adjusted for all periods presented to reflect the Reverse Stock Split.

| F-27 |

<div align='center'>Blue Star Foods Corp.

CONSOLIDATED BALANCE SHEETS

(UNAUDITED)</div>

|                                                                                                                                   |     |   |   SEPTEMBER 
    30, 2024 |   |     |   |    DECEMBER 
    31, 2023 |   |
|:----------------------------------------------------------------------------------------------------------------------------------|:----|:--|------------:|:--|:----|:--|------------:|:--|
| ASSETS                                                                                                                            |     |   |             |   |     |   |             |   |
| CURRENT ASSETS                                                                                                                    |     |   |             |   |     |   |             |   |
| Cash and cash equivalents                                                                                                         |     | $ |      72,697 |   |     | $ |      24,163 |   |
| Accounts receivable, net of allowances and                                                                                        
 credit losses of $66,160 and $31,064                                                                                              |     |   |   1,316,093 |   |     |   |     534,195 |   |
| Inventory, net                                                                                                                    |     |   |   2,366,056 |   |     |   |   2,608,521 |   |
| Advances to related party                                                                                                         |     |   |           - |   |     |   |      95,525 |   |
| Other current assets                                                                                                              |     |   |   1,697,407 |   |     |   |     833,472 |   |
| Total Current Assets                                                                                                              |     |   |   5,452,253 |   |     |   |   4,095,876 |   |
| RELATED PARTY LONG-TERM RECEIVABLE                                                                                                |     |   |     435,545 |   |     |   |     435,545 |