Company: BSFC
Filing Date: 2025-06-23
Form Type: 10-K
Source: 0001641172-25-015976
Chunk: 477

Company: Blue Star Foods Corp.
Filing Date: 2025-06-23
Form: 10-K
Item: Item 1A
Chunk 477
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 personnel or our inability to hire or retain sufficient
personnel at competitive rates could impair the growth of our business.

If
we were sued for product liability or professional liability, we could face substantial liabilities that exceed our resources.

The
marketing and sale of our products could lead to the filing of product liability claims alleging that our product made users ill. A product
liability claim could result in substantial damages and be costly and time-consuming for us to defend.

We
maintain product liability insurance, but this insurance may not fully protect us from the financial impact of defending against product
liability claims. Any product liability claim brought against us, with or without merit, could increase our insurance rates or prevent
us from securing insurance coverage in the future. Additionally, any product liability lawsuit could lead to regulatory investigations,
product recalls or withdrawals, damage our reputation or cause current vendors, suppliers and customers to terminate existing agreements
and potential customers and partners to seek other suppliers, any of which could negatively impact our results of operations.

We
face risks associated with our international business.

Our
international business operations are subject to a variety of risks, including:

    ●
    difficulties with managing
    foreign and geographically dispersed operations;

    ●
    having
                                                                              to comply with various U.S. and international laws, including export control laws and the FCPA, and anti-money laundering
                                                                              laws;

    ●
    changes in uncertainties
    relating to foreign rules and regulations;

    ●
    tariffs,
                                                                              export or import restrictions, restrictions on remittances abroad, imposition of duties or taxes that limit our ability to import
                                                                              product;

    ●
    limitations on our ability
    to enter into cost-effective arrangements with distributors, or at all;

    ●
    fluctuations in foreign
    currency exchange rates;

17

    ●
    imposition of limitations
    on production, sale or export in foreign countries;

    ●
    imposition
                                                                              of limitations on or increase of withholding and other taxes on remittances and other payments by foreign processors or joint
                                                                              ventures;

    ●
    imposition of differing
    labor laws and standards;

    ●
    economic, political or
    social instability in foreign countries and regions;

    ●
    an
                                                                              inability, or reduced ability, to protect our intellectual property, including any effect of compulsory licensing imposed by
                                                                              government action;

    ●
    availability
                                                                              of government subsidies or other incentives that benefit competitors in their local markets that are not available to us