Company: BSFC
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021887
Chunk: 6

Company: Blue Star Foods Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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 Corp.

CONSOLIDATED
STATEMENTS OF CASH FLOWS

(UNAUDITED)

    Nine Months Ended September 30 

    2025  
    2024 
  
    CASH FLOWS FROM OPERATING ACTIVITIES: 

    Net Loss 
    $(2,332,713) 
    $(6,360,767)
  
    Adjustments to reconcile net loss to net cash (used in) operating activities: 

    Stock based compensation 
     666  
     (1,317)
  
    Common stock issued for service 
     66,000  
     98,999 
  
    Depreciation of fixed assets 
     19,587  
     4,211 
  
    Amortization of debt discounts 
     113,068  
     1,042,707 
  
    Allowance for inventory obsolescence 
     (500,732) 
     714,900 
  
    Loss on settlement of debt 
     93,271  
     - 
  
    Lease expense 
     25,050  
     27,728 
  
    Credit loss expense 
     (14,426) 
     - 
  
    (Gain) Loss on revaluation of fair value of derivative and warrant liabilities 
     (49,565) 
     210,680 
  
    Changes in operating assets and liabilities: 

    Accounts receivables 
     266,827  
     212,842 
  
    Inventories 
     831,227  
     342,869 
  
    Advances to related parties 
     (130,925) 
     95,525 
  
    Other current assets 
     506,970  
     (362,554)
  
    Right of use liability 
     (25,050) 
     (27,728)
  
    Other assets 
     42,888  
     (52,853)
  
    Accounts payable 
     367,679  
     (83,214)
  
    Accrued compensation 
     405,000  
     - 
  
    Customer refunds 
     (56,899) 
     (147,658)
  
    Net Cash (Used in) Operating Activities 
     (372,077) 
     (4,285,629)

    CASH FLO