Company: BRID
Filing Date: 2025-03-07
Form Type: 10-Q
Source: 0001493152-25-009592
Chunk: 89

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-03-07
Form: 10-Q
Item: Part I, Item 2
Chunk 89
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 such increased commodity or other costs due to consumer price sensitivity, pricing in relation to
competitors and the reluctance of retailers to accept the price increase. Instances of higher interest rates, general price
inflation or deflation, higher raw materials costs, labor shortages or supply chain issues could adversely affect the
Company’s financial results and its liquidity. Higher product prices could potentially lower demand for our products and
decrease volume. Management believes there are various options available to generate additional liquidity to repay debt or fund
operations such as mortgaging real estate, should that be necessary. Our ability to increase liquidity will depend upon, among other
things, our business plans,  the performance of operating divisions, and economic conditions of capital markets. If we are unable
to increase liquidity through mortgaging real estate or additional borrowing, or generate positive cash flow necessary to fund
operations, we may not be able to compete successfully, which could negatively impact our business, operations, and financial
condition. With the cash expected to be generated from the Company’s operations, we anticipate that we will maintain
sufficient liquidity to operate our business for at least the next twelve months. We will continue to monitor the impact of
inflation and interest rate volatility on our liquidity and, if necessary, take action to preserve liquidity and ensure that our
business can operate during these uncertain times.

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Cash
flows from operating activities for the twelve weeks ended:

    January 24, 2025  
    January 26, 2024 
  
    Net (loss) income 
    $(1,113) 
    $1,235 

    Adjustments to reconcile net (loss) income to net cash used in operating activities: 

    Depreciation and amortization 
     1,522  
     1,545 
  
    Provision for credit losses on accounts receivable 
     357  
     (7)
  
    Decrease in promotional allowances 
     4  
     891 
  
    Gain on sale of property, plant, and equipment 
     (16) 
     - 
  
    Changes in operating working capital 
     (5,358) 
     (4,367)
  
    Net cash used in operating activities 
    $(4,604) 
    $(703)

For
the twelve weeks ended January 24, 2025, net cash used in operating activities was $4,604, which was $3,901 more