Company: BSFC
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001493152-25-012137
Chunk: 39

Company: Blue Star Foods Corp.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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 $2,554,599 

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

4

Blue
Star Foods Corp.

CONSOLIDATED
STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(UNAUDITED)

    2025  
    2024  
    2025  
    2024 

    Three months ended June 30  
    Six months ended June 30 

    2025  
    2024  
    2025  
    2024 
  
    REVENUE, NET 
    $1,172,340  
    $635,018  
    $2,133,098  
    $1,694,373 

    COST OF REVENUE 
     919,650  
     587,516  
     1,788,764  
     1,686,505 

    GROSS PROFIT 
     252,690  
     47,502  
     344,334  
     7,868 

    COMMISSIONS 
     460  
     -  
     460  
     4,221 
  
    SALARIES AND WAGES 
     333,226  
     291,231  
     603,510  
     598,912 
  
    DIRECTORS COMPENSATION 
     138,012  
     4,217  
     276,024  
     (1,673)
  
    DEPRECIATION AND AMORTIZATION 
     6,932  
     1,377  
     13,318  
     2,676 
  
    OTHER OPERATING EXPENSES [1] 
     267,935  
     634,190  
     916,418  
     1,315,801 

    LOSS FROM OPERATIONS 
     (493,875) 
     (883,513) 
     (1,465,396) 
     (1,912,069)

    OTHER INCOME (LOSS) 
     (1,866) 
     48,127  
     4,749  
     49,662 
  
    LOSS ON SETTLEMENT OF DEBT 
     -  
     -