Company: BSFC
Filing Date: 2025-06-23
Form Type: 10-K
Source: 0001641172-25-015976
Chunk: 1842

Company: Blue Star Foods Corp.
Filing Date: 2025-06-23
Form: 10-K
Item: Item 8
Chunk 1842
---
 
     4,490  
     2,169 
  
    SALARIES AND WAGES 
     1,668,585  
     1,858,004 
  
    DEPRECIATION AND AMORTIZATION 
     5,866  
     4,521 
  
    OTHER OPERATING EXPENSES 
     7,147,468  
     2,525,661 

    LOSS FROM OPERATIONS 
     (10,115,399) 
     (4,232,278)

    OTHER INCOME 
     51,926  
     12,708 
  
    CHANGE IN FAIR VALUE OF DERIVATIVE AND WARRANT LIABILITIES 
     (354,296) 
     2,497,088 
  
    LOSS ON SETTLEMENT OF DEBT 
     -  
     (977,188)
  
    INTEREST EXPENSE 
     (2,060,718) 
     (1,771,942)

    NET LOSS 
     (12,478,487) 
     (4,471,612)

    NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS 
    $(12,478,487) 
    $(4,471,612)

    COMPREHENSIVE LOSS: 

    CHANGE IN FOREIGN CURRENCY TRANSLATION ADJUSTMENT 
     185,169  
     55,858 

    COMPREHENSIVE LOSS 
     (12,293,318) 
     (4,415,754)

    Loss per common share: 

    Net loss per common share - basic and diluted 
    $(4.15) 
    $(43.99)
  
    Weighted average common shares outstanding - basic and diluted 
     3,005,923  
     101,650 

The
accompanying notes are an integral part of these audited consolidated financial statements

F-3

Blue
Star Foods Corp.

CONSOLIDATED
STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY

YEAR
ENDED DECEMBER 31, 2024 AND 2023

    Shares  
    Amount  
    Shares  
    Amount  
      Capital  
     Deficit  
      Loss  
     Stock  
     Equity 

    Series A Preferred Stock 
                                                                               $.0001 par value  
    Common Stock