Company: BSFC
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001493152-25-012137
Chunk: 68

Company: Blue Star Foods Corp.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 68
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5, the Company issued an aggregate of 750,000 shares of common stock to Quick Capital as partial conversion
of $57,673 principal pursuant to the convertible promissory note.

During
the six months ended June 30, 2025, the Company issued an aggregate of 406,484 shares of common stock to Jefferson as partial conversion
of $32,583 principal and accrued interest pursuant to the convertible promissory note.

    20

Note
9. Options

The
following table represents option activity for the six months ended June 30, 2025:

Schedule
of Option Activity 

    Number  of Options  
    Weighted  Average  Exercise  Price  
    Weighted  Average  Remaining  Contractual  Life in  Years  
    Aggregate Intrinsic Value 
  
    Outstanding – December 31, 2024 
     4,744  
    $1,532.26  
     3.34  

    Exercisable – December 31, 2024 
     4,076  
    $1532.26  
     3.61  
    $- 
  
    Granted 
     -  
    $-  

    Forfeited 
     1,353  
    $-  

    Vested 
     3,344  

    Outstanding – June 30, 2025 
     3,391  
    $1,997.97  
     3.31  

    Exercisable – June 30, 2025 
     3,344  
    $1,998.24  
     3.33  
    $- 

For
the six months ended June 30, 2025, the Company recognized a net credit to stock compensation expense of $2,480 due to options forfeitures.

The following table represents option activity for
the six months ended June 30, 2024:

    Number  of Options  
    Weighted  Average  Exercise  Price  
    Weighted  Average  Remaining  Contractual  Life in  Years  
    Aggregate  Intrinsic Value 
  
    Outstanding – December 31, 2023 
     6,331  
    $1,555.52  
     3.80  
    $      - 
  
    Exercisable – December 31, 2023