Company: BSFC
Filing Date: 2025-06-23
Form Type: 10-K
Source: 0001641172-25-015976
Chunk: 317

Company: Blue Star Foods Corp.
Filing Date: 2025-06-23
Form: 10-K
Item: Item 1
Chunk 317
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 may be affected by changes in weather and the global environment. The overall
health of a crab or other fish is difficult to measure, and fisheries management is still a relatively inexact science. Since we are
unable to predict the timing and extent of fluctuations in the population and biomass of our products, we are unable to engage in any
measures that might alleviate the adverse effects of these fluctuations. Any such fluctuation which results in a material decline in
the population and biomass in the fisheries from which we obtain our crab meat would materially and adversely affect our business. Our
operations are also subject to the risk of variations in supply.

We
are subject to the risk of product contamination and product liability claims.

The
sales of our products may involve the risk of injury to consumers. Such injuries may result from tampering by unauthorized personnel,
product contamination or spoilage, including the presence of foreign objects, substances, chemicals, or residues introduced during the
packing, storage, handling or transportation phases. While we are subject to governmental inspection and regulations and believe our
facilities comply in all material respects with all applicable laws and regulations, including internal product safety policies, we cannot
be sure that consumption of our products will not cause a health-related illness in the future or that we will not be subject to claims
or lawsuits relating to such matters. Even if a product liability claim is unsuccessful, the negative publicity surrounding any assertion
that our products caused illness or injury could adversely affect our reputation with existing and potential customers and our brand
image.

A
significant portion of our revenues are derived from a single product, crab meat, and therefore we are highly susceptible to changes
in market demand, which may be affected by factors over which we have limited or no control.

A
significant portion of our revenues are derived from a single product, crab meat. We therefore are highly susceptible to changes in market
demand, which may be impacted by factors over which we have limited or no control. Factors that could lead to a decline in market demand
for crab meat include economic conditions and evolving consumer preferences. A substantial downturn in market demand for crab meat may
have a material adverse effect on our business and on our results of operations.

Risks
Related to Our Industry and TOBC’s RAS Operations

Regulation
of the fishing industry may have an adverse impact on our business.

The
international community has been aware of and concerned with the worldwide problem of depletion of natural fish stocks. In the past,
these concerns have resulted in the imposition of quotas