Company: BRID
Filing Date: 2025-01-29
Form Type: 10-K
Source: 0001493152-25-004182
Chunk: 196

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-01-29
Form: 10-K
Item: Item 1C
Chunk 196
---
 used to process food products.

The table below highlights the additions to property,
plant and equipment for the fifty-two and fifty-three weeks ended:

    November 1, 2024  (52 Weeks)   
    November 3, 2023  (53 Weeks)  
  
    Building and leasehold improvements 
    $-  
    $192 
  
    Furniture and fixture 
     92  
     - 
  
    Temperature control 
     -  
     - 
  
    Processing equipment 
     215  
     506 
  
    Packaging lines 
     2,595  
     205 
  
    Vehicles for sales and/or delivery 
     2,372  
     1,390 
  
    Quality control and communication systems 
     -  
     66 
  
    Computer software and hardware 
     345  
     - 
  
    Forklifts 
     52  
     39 
  
    Change in projects in process 
     (1,769) 
     205 
  
    Additions to property, plant and equipment 
    $3,902  
    $2,603 

Expenditures for additions to property, plant
and equipment during the fifty-two weeks ended November 1, 2024, include projects in process of $755 related to the production facilities
in Chicago and Statesville. 

 15 

Cash flows used in financing activities:

    November 1, 2024  (52 Weeks)   
    November 3, 2023  (53 Weeks)  
  
    Payment of capital lease obligations 
    $(103) 
    $(1,151)
  
    Repayments of bank borrowings 
     (1,045) 
     (1,083)
  
    Net cash used in financing activities 
    $(1,148) 
    $(2,234)

Our stock repurchase program was approved by the
Board of Directors in November 1999 and was expanded in June 2005. Under the stock repurchase program, we were authorized, at the discretion
of management and the Board of Directors, to purchase up to an aggregate of 2,000,000 shares of our common stock on the open market. As
of the end of fiscal year 2024, 120,113 shares remained authorized for repurchase under the program.

The Company leased three long-haul trucks received
during fiscal