Company: BSFC
Filing Date: 2025-07-15
Form Type: 10-Q
Source: 0001641172-25-019736
Chunk: 32

Company: Blue Star Foods Corp.
Filing Date: 2025-07-15
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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 five-year lease with Kathryn Atkinson for CAD$2,370
per month plus taxes. Both leases are renewable for two additional five-year terms.

Rental
and equipment lease expenses were approximately $11,400
for related party and $16,500 for non-related party for
the three months ended March 31, 2025. For the three months ended March 31, 2024, rental lease expenses was approximately $15,000 for related party and
$27,600 for non-related party.

Note
11. Subsequent Events

Shares
issuances

On
April 1, 2025, May 1, 2025, and June 1, 2025, the Company issued an aggregate of 574,747 shares of common stock to the designee of ClearThink
for consulting services provided to the Company.

.

 22 

ITEM
2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Forward-Looking
Statements

The
following management’s discussion and analysis should be read in conjunction with the financial statements and the related notes
thereto contained in this Quarterly Report. The management’s discussion and analysis contain forward-looking statements, such as
statements of our plans, objectives, expectations and intentions. Any statements that are not statements of historical fact are forward-looking
statements. When used, the words “believe,” “plan,” “intend,” “anticipate,” “target,”
“estimate,” “expect” and the like, and/or future tense or conditional constructions (“will,” “may,”
“could,” “should,” etc.), or similar expressions, identify certain of these forward-looking statements. These
forward-looking statements are subject to risks and uncertainties, including those under “Risk Factors” in our Annual Report
on Form 10-K for the year ended December 31, 2023 filed with the SEC on April 1, 2025, as updated in subsequent filings we have made
with the SEC that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements.
Our actual results and the timing of events could differ materially from those anticipated in these forward-looking statements as a result
of several factors. We do not undertake any obligation to update forward-looking statements to reflect events or circumstances occurring
after the date of this Quarterly Report.

Basis
of Presentation

The
following discussion highlights our results of operations and the principal factors that have affected