Company: BRID
Filing Date: 2025-01-29
Form Type: 10-K
Source: 0001493152-25-004182
Chunk: 143

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-01-29
Form: 10-K
Item: Item 1B
Chunk 143
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 year 2025. Management is of the opinion that the Company’s financial position and its capital resources are sufficient
to provide for its operating needs and capital expenditures for fiscal year 2025. However, future volatility of general price inflation
or deflation and raw material cost and availability could adversely affect our financial results.

Off-Balance Sheet Arrangements

We do not currently have any off-balance sheet
arrangements within the meaning of Item 303(b) of Regulation S-K.

Contractual Obligations

Except as described above, we had no other debt
or other contractual obligations within the meaning of Item 303(b) of Regulation S-K, as of November 1, 2024.

Critical Accounting Policies and Estimates

The preparation of financial statements in conformity
with generally accepted accounting principles requires management to make certain estimates and assumptions that affect the reported amounts
of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported
revenues and expenses during the respective reporting periods. Actual results could differ from those estimates. Amounts estimated related
to liabilities for self-insured workers’ compensation, employee healthcare and pension benefits are especially subject to inherent
uncertainties and these estimated liabilities may ultimately settle at amounts not originally estimated. We record promotions, returns
allowances, bad debt and inventory allowances based on recent and historical trends. Management believes its current estimates are reasonable
and based on the best information available at the time. To the extent there are material differences between the estimates and the actual
results, future results of operations could be affected.

Disclosure concerning our policies on credit risk,
revenue recognition, cash surrender or contract value for life insurance policies, deferred income tax and the recoverability of our long-lived
assets are provided in Notes 1 and 4 of the Notes to the Consolidated Financial Statements included in this Report.

Recently Issued Accounting Pronouncements and
Regulations

Various accounting standard-setting bodies have
been active in soliciting comments and issuing statements, interpretations, and exposure drafts. For information on new accounting pronouncements
and the impact, if any, on our financial position or results of operations, see Note 1 of the Notes to the Consolidated Financial Statements
included within this Report.

Item 7A. Quantitative and Qualitative Disclosures
About Market Risk

Not applicable for a smaller reporting
company.

Item 8. Consolidated Financial Statements
and Supplementary Data

The Consolidated Financial Statements
required by this Item are set forth in