Company: BSFC
Filing Date: 2025-07-15
Form Type: 10-Q
Source: 0001641172-25-019736
Chunk: 6

Company: Blue Star Foods Corp.
Filing Date: 2025-07-15
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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,279,451)
  
    Adjustments to reconcile net loss to net cash (used in) operating activities: 

    Stock based compensation 
     (5,627) 
     8,800 
  
    Common stock issued for service 
     33,000  
     33,000 
  
    Depreciation of fixed assets 
     6,386  
     1,299 
  
    Amortization of debt discounts 
     94,009  
     113,352 
  
    Allowance for inventory obsolescence 
     (18,378) 
     160,049 
  
    Loss on settlement of debt 
     40,166  
     - 
  
    Lease expense 
     9,546  
     10,207 
  
    Credit loss expense 
     (8,407) 
     - 
  
    Gain on revaluation of fair value of derivative and warrant liabilities 
     (14,090) 
     (82,636)
  
    Changes in operating assets and liabilities: 

    Accounts receivables 
     (97,469) 
     114,130 
  
    Inventories 
     123,313  
     694,321 
  
    Advances to related parties 
     -  
     95,525 
  
    Other current assets 
     176,682  
     (446,138)
  
    Right of use liability 
     (9,546) 
     (10,207)
  
    Other assets 
     (20,000) 
     6,254 
  
    Accounts payable and accruals 
     531,184 
     (98,433)
  
    Customer refunds 
     (33,389) 
     - 
  
    Net Cash (Used in) Operating Activities 
     (392,550) 
     (679,928)

    CASH FLOWS FROM INVESTING ACTIVITIES: 

    Purchases of fixed assets 
     (9,914) 
     (23,146)
  
    Net Cash (Used in) Investing Activities 
     (9,914) 
     (23,146)

    CASH FLOWS FROM FINANCING ACTIVITIES: 

    Proceeds from common stock offering 
     19,950  
     446,360