Company: BSFC
Filing Date: 2025-06-23
Form Type: 10-K
Source: 0001641172-25-015976
Chunk: 332

Company: Blue Star Foods Corp.
Filing Date: 2025-06-23
Form: 10-K
Item: Item 1
Chunk 332
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 products;

    ●
    delays in the introduction
    of products into the market; and

    ●
    total or partial suspension
    of production.

We
may also be required to take corrective actions, such as installing additional equipment or taking other actions, each of which could
require us to make substantial capital expenditures. We could also be required to indemnify our employees in connection with any expenses
or liabilities that they may incur individually in connection with regulatory action against them. As a result, our future business prospects
could deteriorate due to regulatory constraints, and our profitability could be impaired by our obligation to provide such indemnification
to our employees.

Any
of these sanctions could result in higher than anticipated costs or lower than anticipated sales and harm our reputation, business, financial
condition and results of operations.

Product
liability claims could divert management’s attention from our business, be expensive to defend and result in sizeable damage awards
against us that may not be covered by insurance.

Unavailability
of materials or higher costs could adversely affect our financial results.

We depend on domestic and international suppliers. Our reliance on third-party suppliers creates risks related to our potential inability
to obtain crab meat or related products and reduce control over pricing and timing of delivery of our products. Although we may implement
agreements with strategic suppliers to mitigate the risk of supply continuity, disruptions remain possible. Additionally, if our suppliers
do not allocate sufficient production, they may decommit from agreed supply levels, or inaccurately forecast demand, we may face reduced
access what we need. As the scale of our products increases, we need to accurately forecast, purchase based on our demand. If we are
unable to accurately match the timing and quantities of purchases to our actual needs, we may incur costs related to unexpected disruption
which may harm our business prospects and financial condition.

If
significant tariffs or other restrictions continue to be placed on foreign imports by the United States, our sales and results of operations
may be harmed. For example, ongoing trade tensions between the United States and China have led to a series of significant tariffs on
the importation of certain product categories into the United States over recent years. In retaliation for these tariffs, China has recently
placed restrictions on the export of certain raw materials. Further, President Trump has proposed significantly increased tariffs on
foreign imports into the United States, particularly from China, Mexico and Canada. Such tariffs could have a significant impact on our
business, particularly the importation of products used in our business,