Company: BSFC
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021887
Chunk: 33

Company: Blue Star Foods Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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    Operating cash flows from operating leases 
    $25,050 
  
    ROU assets recognized in exchange for lease obligations: 

    Operating leases 
    $- 

    19

The table below presents the remaining lease term
and discount rates for operating leases.

    September 30, 2025 
  
    Weighted-average remaining lease term 

    Operating leases 
     1.50 years 
  
    Weighted-average discount rate 

    Operating leases 
     7.3%

Maturities of lease liabilities as of September
30, 2025 were as follows:

Schedule
of Lease Liabilities Maturities of Operating Lease Liabilities

    Operating Leases 

    2025 (three months remaining) 
     10,752 
  
    2026 
     43,009 
  
    2027 
     10,753 
  
    Total lease payments 
     64,514 
  
    Less: amount of lease payments representing interest 
     (5,419)
  
    Present value of future minimum lease payments 
    $59,095 
  
    Less: current obligations under leases 
    $(38,758)
  
    Non-current obligations 
    $20,337 

Note 9. Stockholders’
Equity

On
January 25, 2024, the Company issued 7,092 shares of common stock to ClearThink, with a fair value of $50,000, as a commitment fee on
the term loan.

On
February 12, 2024, the Company issued 100,000 shares of common stock to be held by The Crone Law Group as Escrow Agent with a fair value
of $630,000 in connection with the Option Agreement with Afritex Texas.

On
May 22, 2024, the Company issued 10,000 shares of common stock to Hart, with a fair value of $23,300, as a commitment fee on the promissory
note.

On
August 12, 2024, the Company issued an aggregate of 39,300 shares of common stock to Jefferson and Quick Capital, with a fair value of
$45,588, as a commitment fee on the term loan.

During
the nine months ended September 30, 2024, the Company issued an aggregate of 1,339,656 shares of common stock in consideration of proceeds
of $2,982,415 pursuant to