Company: BRID
Filing Date: 2025-06-02
Form Type: 10-Q
Source: 0001641172-25-013252
Chunk: 40

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-06-02
Form: 10-Q
Item: Part I, Item 1
Chunk 40
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    $2 
  
    Additions to property, plant, and equipment 
     (1,576) 
     (1,869)
  
    Net cash used in investing activities 
    $(1,548) 
    $(1,867)

Expenditures
for property, plant and equipment include the acquisition of equipment, upgrading of facilities to maintain operating efficiency and
investments in cost effective technologies to lower costs. In general, we capitalize the cost of additions and improvements and expense
the cost for repairs and maintenance. We may also capitalize costs related to improvements that extend the life, increase the capacity,
or improve the efficiency of existing machinery and equipment. Specifically, capitalization of upgrades of facilities to maintain operating
efficiency include acquisitions of machinery and equipment used on packaging lines and refrigeration equipment used to process food products.

The
table below highlights additions to property, plant and equipment for the twenty-four weeks ended:

    April 18, 2025  
    April 19, 2024 
  
    Changes in projects in process 
    $(3) 
    $445 
  
    Direct-store-delivery and sales vehicles 
     784  
     1,053 
  
    Packaging lines 
     82  
     - 
  
    Computer hardware and software 
     185  
     345 
  
    Temperature control 
     6  
     - 
  
    Processing equipment 
     23  
     26 
  
    Building improvement 
     477  
     - 
  
    Furniture and fixtures and forklifts 
     22  
     - 
  
    Additions to property, plant, and equipment 
    $1,576  
    $1,869 

Cash
flows from financing activities for the twenty-four weeks ended:

    April 18, 2025  
    April 19, 2024 
  
    Change in lease and right-of-use obligations 
    $(532) 
    $(623)
  
    Repayment of notes payable - equipment 
     (447) 
     (431)
  
    Net cash used in financing activities 
    $(979) 
    $(1,054)

Our
stock repurchase program was approved by our Board of Directors in November 1999 and was expanded in June 2005. Under the stock repurchase
program, we are authorized, at the discretion of management and our Board of Directors, to purchase up