Company: BSFC
Filing Date: 2025-06-23
Form Type: 10-K
Source: 0001641172-25-015976
Chunk: 827

Company: Blue Star Foods Corp.
Filing Date: 2025-06-23
Form: 10-K
Item: Item 1C
Chunk 827
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 a director in 2022 was forfeited as the director resigned in 2023.

For
the year ended December 31, 2024, the Company determined that the five-year 5 option
to purchase 25 shares
of common stock at an exercise price of $2,000.00 granted
to a director in 2022 was forfeited as the director resigned in 2024. In addition, a 10
ten-year option to purchase 191
shares of common stock at an exercise price of $2,000.00,
granted to various long-term employees under the 2018 Plan was forfeited as the employees resigned. Furthermore, a 3
three-year option to purchase 864
shares of common stock at an exercise price of $40.00,
and a separate 3 three-year option to purchase 7 shares of common stock at an exercise price of $6,000.00, both granted to an
officer of the Company were forfeited upon the officer’s resignation. 

The
non-vested options outstanding are 668
and 1,933 for
the years ended December 31, 2024 and 2023, respectively.

    F-31

Note
10. Warrants

 Schedule of Warrant Activity

    Number
                                            of
                                                                               Warrants  
     
                                                                               Weighted
                                                                               Average
                                            Exercise  Price  
    Weighted
                                                                               Average
                                                                               Remaining
                                                                               Contractual
                                                                               Life
                                            in
                                                                               Years  
    Aggregate
                                                                               Intrinsic
                                                                               Value 
  
    Outstanding – December
    31, 2023 
     14,619  
    $601.78  
     4.20  

    Exercisable – December 31, 2023 
     11,114  
    $791.55  
     5.52  
    $- 
  
    Granted 
     -  
    $-  

    Exercised 
     -  
    $-  

    Forfeited or Expired 
     (2,414) 
    $-  

    Outstanding – December 31, 2024 
     12,205  
    $106.71  
     3.96  

    Exercisable – December 31, 2024 
     12,205  
    $106.71  
     3.