Company: BSFC
Filing Date: 2025-06-23
Form Type: 10-K
Source: 0001641172-25-015976
Chunk: 906

Company: Blue Star Foods Corp.
Filing Date: 2025-06-23
Form: 10-K
Item: Item 2
Chunk 906
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    Proceeds from working capital line of credit 
     -  
     2,405,034 
  
    Proceeds from short-term loans 
     2,477,790  
     700,000 
  
    Proceeds from convertible debt 
     -  
     1,140,000 
  
    Repayments of working capital line of credit 
     -  
     (4,182,971)
  
    Repayments of short-term loans 
     (1,955,924) 
     (623,000)
  
    Principal payments of convertible debt 
     -  
     (2,007,435)
  
    Repayments of related party notes payable 
     (265,620) 
     (157,380)
  
    Purchase of treasury stock 
     -  
     (76,323)
  
    Net Cash Provided by Financing Activities 
     6,417,872  
     3,676,355 

    Effect of Exchange Rate Changes on Cash 
     182,448  
     28,817 

    NET INCREASE IN CASH AND CASH EQUIVALENTS 
     302,691  
     14,901 

    CASH AND CASH EQUIVALENTS – BEGINNING OF PERIOD 
     24,163  
     9,262 

    CASH AND CASH EQUIVALENTS – END OF PERIOD 
    $326,854  
    $24,163 

    Supplemental Disclosure of Cash Flow Information 

    Cash paid for interest 
    $624,496  
    $955,483 

    SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES 

    Common stock issued to settle related party notes payable and accrued interest 
     -  
     250,000 
  
    Common stock issued for partial conversion of note payable 
     2,904,886  
     3,053,088 
  
    Common stock issued for loan commitment fees 
     118,888  
     - 
  
    Derivative liability recognized on issuance of convertible note 
     47,411  
     383,672 
  
    Warrant liability recognized on issuance of convertible note 
     -  
     453,746 
  
    Common stock issued to settle subordinated related