0001493152-21-011902.txt : 20210517 0001493152-21-011902.hdr.sgml : 20210517 20210517164654 ACCESSION NUMBER: 0001493152-21-011902 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 50 CONFORMED PERIOD OF REPORT: 20210331 FILED AS OF DATE: 20210517 DATE AS OF CHANGE: 20210517 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Blue Star Foods Corp. CENTRAL INDEX KEY: 0001730773 STANDARD INDUSTRIAL CLASSIFICATION: PREPARED FRESH OR FROZEN FISH & SEAFOODS [2092] IRS NUMBER: 824270040 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-55903 FILM NUMBER: 21931686 BUSINESS ADDRESS: STREET 1: 3330 CLEMATIS STREET STREET 2: SUITE 217 CITY: WEST PALM BEACH STATE: FL ZIP: 33401 BUSINESS PHONE: 800-341-2684 MAIL ADDRESS: STREET 1: 3330 CLEMATIS STREET STREET 2: SUITE 217 CITY: WEST PALM BEACH STATE: FL ZIP: 33401 FORMER COMPANY: FORMER CONFORMED NAME: AG ACQUISITION GROUP II, INC. DATE OF NAME CHANGE: 20180207 10-Q 1 form10-q.htm

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q

 

(Mark One)

 

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the quarterly period ended: March 31, 2021

 

or

 

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the transition period from ________________ to ________________

 

Commission file number: 000-55903

 

BLUE STAR FOODS CORP.

 

(Exact name of registrant as specified in its charter)

 

Delaware   82-4270040

(State or other jurisdiction of

incorporation or organization)

 

(IRS Employer

Identification No.)

 

3000 NW 109th Avenue

Miami, Florida 33172

(Address of principal executive offices)

 

(860) 633-5565

(Registrant’s telephone number, including area code)

 

N/A

(Former name, former address and former fiscal year, if changed since last report)

 

Securities registered pursuant to Section 12(b) of the Act: None

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
None   N/A   N/A

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [  ]

 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes [X] No [  ]

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

  Large accelerated filer [  ] Accelerated filer [  ]
  Non-accelerated filer [X] Smaller reporting company [X]
    Emerging Growth Company [X]

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to section 13(a) of the Exchange Act. [  ]

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [  ] No [X]

 

As of May 17, 2021, there were 19,772,878 shares of the registrant’s common stock, par value $0.0001 per share, outstanding.

 

 

 

 

 

 

BLUE STAR FOODS CORP.

 

FORM 10-Q

FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2020

 

TABLE OF CONTENTS

 

    PAGE
     
PART I - FINANCIAL INFORMATION  
     
Item 1. Financial Statements (Unaudited) 4
     
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 17
     
Item 3. Quantitative and Qualitative Disclosures About Market Risk 21
     
Item 4. Controls and Procedures 21
     
PART II - OTHER INFORMATION  
     
Item 1. Legal Proceedings 22
     
Item 1A. Risk Factors 22
     
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 22
     
Item 3. Defaults Upon Senior Securities 23
     
Item 4. Mine Safety Disclosures 23
     
Item 5. Other Information 23
     
Item 6. Exhibits 23
   
SIGNATURES 24

 

 2  
 

 

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

 

Except for historical information, this report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Such forward-looking statements include, among others, those statements including the words “believes”, “anticipates”, “expects”, “intends”, “estimates”, “plans” and words of similar import. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

 

Forward-looking statements are based on our current expectations and assumptions regarding our business, potential target businesses, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. We caution you therefore that you should not rely on any of these forward-looking statements as statements of historical fact or as guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements include changes in local, regional, national or global political, economic, business, competitive, market (supply and demand) and regulatory conditions and the following:

 

  Our ability to raise capital when needed and on acceptable terms and conditions;
     
  Our ability to make acquisitions and integrate acquired businesses into our company;
     
  Our ability to attract and retain management with experience in the business of importing, packaging and selling of seafood;
     
  Our ability to negotiate, finalize and maintain economically feasible agreements with suppliers and customers;
     
  The availability of crab meat and other premium seafood products we sell;
     
  The intensity of competition;
     
  Changes in the political and regulatory environment and in business and fiscal conditions in the United States and overseas; and
     
  The effect of COVID-19 on our operations and the capital markets.

 

A description of these and other risks and uncertainties that could affect our business appears in the section captioned “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2020 which we filed with the Securities and Exchange Commission (“SEC”) on April 15, 2021 (the “Annual Report”). The risks and uncertainties described under “Risk Factors” are not exhaustive.

 

Given these uncertainties, readers of this Quarterly Report on Form 10-Q (“Quarterly Report”) are cautioned not to place undue reliance on such forward-looking statements. We disclaim any obligation to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future events or developments.

 

All references in this Quarterly Report to the “Company”, “Blue Star Foods”, “we”, “us”, or “our”, are to Blue Star Foods Corp. (formerly AG Acquisition Group II, Inc.), a Delaware corporation, and its consolidated subsidiaries, John Keeler & Co., Inc., d/b/a Blue Star Foods, a Florida corporation, and its wholly-owned subsidiary, Coastal Pride Seaford, LLC, a Florida limited liability company (“Coastal Pride”).

 

 3  
 

 

PART I – FINANCIAL INFORMATION

 

ITEM 1. FINANCIAL STATEMENTS

 

The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States and the rules of the SEC, and should be read in conjunction with the audited financial statements and notes thereto contained in our Annual Report, as updated in subsequent filings we have made with the SEC. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the periods presented have been reflected herein. The results of operations for the periods presented are not necessarily indicative of the results to be expected for the full year.

 

Blue Star Foods Corp.

CONSOLIDATED BALANCE SHEETS

 

  

MARCH 31,

2021

   DECEMBER 31, 2020 
   Unaudited     
ASSETS          
CURRENT ASSETS          
Cash and cash equivalents  $104,633   $55,644 
Restricted Cash   42,003    282,043 
Accounts Receivable, net   718,163    1,082,468 
Inventory, net   605,649    1,832,661 
Advances to related party   1,299,984    1,299,984 
Other current assets   222,446    176,925 
Total Current Assets   2,992,878    4,729,725 
RELATED PARTY LONG-TERM RECEIVABLE   455,545    455,545 
FIXED ASSETS, net   18,979    20,064 
RIGHT OF USE ASSET   92,386    99,472 
INTANGIBLE ASSETS, net          
Trademarks   774,448    788,614 
Customer relationships   1,121,792    1,145,831 
Non-compete agreements   26,672    29,171 
Total Intangible Assets   1,922,912    1,963,616 
GOODWILL   445,395    445,395 
OTHER ASSETS   120,139    108,088 
TOTAL ASSETS  $6,048,234   $7,821,905 
LIABILITIES AND STOCKHOLDERS’ DEFICIT          
CURRENT LIABILITIES          
Accounts payable and accruals  $881,424   $1,607,490 
Working capital line of credit   780,288    1,805,907 
Current maturities of long-term debt   74,389    - 
Current maturities of lease liabilities   29,649    29,337 
Current maturities of related party long-term notes   225,000    195,000 
Related party notes payable   972,500    972,500 
Related party notes payable - Subordinated   1,299,712    1,299,712 
Other current liabilities   1,311,569    1,346,838 
Total Current Liabilities   5,574,531    7,256,784 
LONG -TERM LIABILITIES          
Long-term lease liability   62,409    69,844 
Payroll protection program loan   297,555    - 
Related party long-term notes   485,000    515,000 
TOTAL LIABILITIES   6,419,495    7,841,628 
STOCKHOLDERS’ DEFICIT          
Series A 8% cumulative convertible preferred stock, $0.0001 par value; 10,000 shares authorized, 1,413 shares issued and outstanding as of March 31, 2021, and December 31, 2020   -    - 
Common stock, $0.0001 par value, 100,000,000 shares authorized; 19,633,161 shares issued and outstanding as of March 31, 2021, and 19,580,721 shares issued and outstanding as of December 31, 2020   1,964    1,958 
Additional paid-in capital   13,643,656    13,488,836 
Accumulated deficit   (14,016,881)   (13,510,517)
TOTAL STOCKHOLDERS’ DEFICIT   (371,261)   (19,723)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT  $6,048,234   $7,821,905 

 

The accompanying notes are an integral part of these unaudited consolidated financial statements

 

 4  
 

 

Blue Star Foods Corp.

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

THREE MONTHS ENDED MARCH 31,

 

   Unaudited 
   2021   2020 
         
REVENUE, NET  $2,485,891   $4,571,614 
           
COST OF REVENUE   2,183,112    4,148,398 
           
GROSS PROFIT   302,779    423,216 
           
COMMISSIONS   4,794    66,829 
SALARIES AND WAGES   380,596    409,181 
DEPRECIATION AND AMORTIZATION   44,079    77,765 
OTHER OPERATING EXPENSES   317,398    446,433 
           
LOSS FROM OPERATIONS   (444,088)   (576,992)
           
OTHER INCOME   76,518    - 
INTEREST EXPENSE   (110,534)   (276,655)
           
NET LOSS   (478,104)   (853,647)
           
LESS: NET LOSS ATTRIBUTABLE TO NON-CONTROLLING INTEREST   -    (3,240)
           
NET LOSS ATTRIBUTABLE TO BLUE STAR FOODS CORP.  $(478,104)  $(850,407)
           
DIVIDEND ON PREFERRED STOCK   28,260    28,259 
           
NET LOSS ATTRIBUTABLE TO BLUE STAR FOODS CORP COMMON STOCKHOLDERS  $(506,364)  $(878,666)
           
COMPREHENSIVE LOSS:          
           
TRANSLATION ADJUSTMENT ATTRIBUTABLE TO NON-CONTROLLING INTEREST   -    14,606 
           
COMPREHENSIVE INCOME ATTRIBUTABLE TO NON-CONTROLLING INTEREST  -   11,366 
           
COMPREHENSIVE LOSS ATTRIBUTABLE TO BLUE STAR FOODS CORP.  $(478,104)  $(850,407)
           
Loss per basic and diluted common share:          
Basic net loss per common share  $(0.03)  $(0.05)
Basic weighted average common shares outstanding   19,594,888    17,589,705 
Fully diluted net loss per common share  $(0.03)  $(0.05)
Fully diluted weighted average common shares outstanding   19,594,888    17,589,705 

 

The accompanying notes are an integral part of these unaudited consolidated financial statements

         

 5  
 

 

Blue Star Foods Corp.

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT (UNAUDITED)

THREE MONTHS ENDED MARCH 31, 2021 AND 2020

 

  

Series A

Preferred Stock

$.0001 par value

 

Common Stock

$.0001 par value

  

Additional

Paid-in

   Accumulated  

Total

Blue Star Foods Corp.

Stockholders’

  

Non-

Controlling

  

Total

Stockholders’

 
  

Shares

   Amount  

Shares

   Amount   Capital   Deficit   Deficit   Interest   Deficit 
December 31, 2020   1,413   $       -      19,580,721   $1,958   $  13,488,836   $(13,510,517)  $           (19,723)  $           -   $           (19,723)
Stock based compensation   -    -    -    -    30,319    -    30,319    -    30,319 
Series A preferred 8% dividend issued in common stock   -    -    11,975    1    28,259    (28,260)   -    -    - 
Common stock issued for service   -    -    40,465    5    96,242    -    96,247    -    96,247 
Net Loss   -    -    -    -    -    (478,104)   (478,104)   -    (478,104)
Comprehensive Income   -    -    -    -    -    -    -    -    - 
March 31, 2021   1,413   $-    19,633,161   $1,964   $13,643,656   $(14,016,881)  $(371,261)  $-   $(371,261)

 

  

Series A

Preferred Stock

$.0001 par value

  

Common Stock

$.0001 par value

  

Additional

Paid-in

   Accumulated  

Total

Blue Star

Foods Corp.

Stockholders’

  

Non-

Controlling

  

Total

Stockholders’

 
   Shares   Amount   Shares   Amount   Capital   Deficit   Deficit   Interest   Deficit 
December 31, 2019   1,413   $       -      17,589,705   $1,761   $   8,789,021   $(8,952,466)  $         (161,684)  $(358,028)  $         (519,712)
Stock based compensation   -    -    -    -    34,846    -    34,846    -    34,846 
Series A preferred 8% dividend issued in common stock   -    -    14,130    1    28,258    (28,259)   -    -    - 
Net Loss   -    -    -    -    -    (850,407)   (850,407)   (3,240)   (853,647)
Comprehensive Income   -    -    -    -    -    -    -    14,606    14,606 
March 31, 2020   1,413   $-    17,603,835   $1,762   $8,852,125   $(9,831,132)  $(977,245)  $(346,662)  $(1,323,907)

 

The accompanying notes are an integral part of these unaudited consolidated financial statements

 

 6  
 

 

Blue Star Foods Corp.

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE THREE MONTHS ENDED MARCH 31,

 

   Unaudited 
   2021    2020 
CASH FLOWS FROM OPERATING ACTIVITIES:          
           
Net Loss  $(478,104)  $(853,647)
Adjustments to reconcile net loss to net cash provided in operating activities:          
Stock based compensation   30,319    34,846 
Common stock issued for service   96,247    - 
Depreciation of fixed assets   1,085    9,145 
Amortization of right of use asset   -    43,730 
Amortization of intangible assets   42,327    40,384 
Amortization of loan costs   667    25,988 
Deferred taxes   -    8,362 
Lease expense   7,086    - 
Bad debt expense   90    - 
Allowance for inventory obsolescence   43,090    146,853 
Changes in operating assets and liabilities:          
Accounts receivables   364,215    149,602 
Inventories   1,183,922    3,053,140 
Advances to affiliated supplier   -    (15,999)
Other current assets   (45,521)   23,409 
Right of use liability   (7,123)   (39,064)
Other assets   (14,341)   - 
Accounts payable and accruals   (726,066)   (768,896)
Other current liabilities   (35,269)   - 
Net Cash Provided by Operating Activities   462,624    1,857,853 
           
CASH FLOWS FROM INVESTING ACTIVITIES:          
Purchases of fixed assets   -    (13,230)
Net Cash Used in Investing Activities   -    (13,230)
           
CASH FLOWS FROM FINANCING ACTIVITIES:          
Proceeds from working capital line of credit   2,508,585    2,407,538 
Proceeds from PPP loan   371,944    - 
Repayments of working capital line of credit   (3,534,204)   (4,336,132)
Payments of loan costs   -    (70,000)
Net Cash Used in Financing Activities   (653,675)   (1,998,594)
           
Effect of Exchange Rate Changes on Cash   -    14,606 
           
NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH   (191,051)   (139,365)
           
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - BEGINNING OF PERIOD   337,687    195,810 
           
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - END OF PERIOD  $146,636   $56,445 
           
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITY          
Series A preferred 8% dividend issued in common stock   28,260    28,259 
Operating lease assets recognized in exchange for operating lease liabilities   -    28,137 
           
Supplemental Disclosure of Cash Flow Information          
Cash paid for interest  $291,038   $276,655 

 

The accompanying notes are an integral part of these unaudited consolidated financial statements

 

 7  
 

 

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

 

Note 1. Company Overview

 

Blue Star Foods Corp. (“we”, “our”, the “Company”) is an international seafood company based in Miami, Florida that imports, packages and sells refrigerated pasteurized crab meat, and other premium seafood products. The Company’s main operating business, John Keeler & Co., Inc. (“Keeler & Co.”) was incorporated in the State of Florida in May 1995. The Company was formed under the laws of the State of Delaware. The Company’s current source of revenue is importing blue and red swimming crab meat primarily from Indonesia, Philippines and China and distributing it in the United States and Canada under several brand names such as Blue Star, Oceanica, Pacifika, Crab & Go, First Choice, Good Stuff and Coastal Pride Fresh.

 

On November 26, 2019, Keeler & Co., a wholly-owned direct subsidiary of the Company, entered into an Agreement and Plan of Merger and Reorganization (the “Coastal Merger Agreement”) with Coastal Pride Company, Inc., a South Carolina corporation, Coastal Pride Seafood, LLC, a Florida limited liability company and newly-formed, wholly-owned subsidiary of the Purchaser (the “Acquisition Subsidiary” and, upon the effective date of the Merger, the “Surviving Company” or “Coastal Pride”), and The Walter F. Lubkin, Jr. Irrevocable Trust dated January 8, 2003 (the “Trust”), Walter F. Lubkin III (“Lubkin III”), Tracy Lubkin Greco (“Greco”) and John C. Lubkin (“Lubkin”), constituting all of the shareholders of Coastal Pride Company, Inc. immediately prior to the Coastal Merger (collectively, the “Sellers”). Pursuant to the terms of the Coastal Merger Agreement, Coastal Pride Company, Inc. merged with and into the Acquisition Subsidiary, with the Acquisition Subsidiary being the surviving company (the “Coastal Merger”).

 

Coastal Pride is a seafood company, based in Beaufort, South Carolina, that imports pasteurized and fresh crabmeat sourced primarily from Mexico and Latin America and sells premium branded label crabmeat throughout North America.

 

Note 2. Basis of Presentation and Summary of Significant Accounting Policies

 

Basis of Presentation

 

The following unaudited interim consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, such interim financial statements do not include all the information and footnotes required by accounting principles generally accepted in the United States (“GAAP”) for complete annual financial statements. The information furnished reflects all adjustments, consisting only of normal recurring items which are, in the opinion of management, necessary in order to make the financial statements not misleading. The consolidated balance sheet as of December 31, 2020 has been derived from the Company’s annual financial statements that were audited by an independent registered public accounting firm but does not include all of the information and footnotes required for complete annual financial statements. These financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto which are included in our Annual Report on Form 10-K for the year ended December 31, 2020 filed with the SEC on April 15, 2021 for a broader discussion of our business and the risks inherent in such business.

 

Reclassifications

 

Certain prior period amounts have been reclassified to conform to the current period presentation.

 

 8  
 

 

Advances to Suppliers and Related Party

 

In the normal course of business, the Company may advance payments to its suppliers, inclusive of Bacolod Blue Star Export Corp. (“Bacolod”), a related party based in the Philippines. These advances are in the form of prepayments for products that will ship within a short window of time. In the event that it becomes necessary for the Company to return products or adjust for quality issues, the Company is issued a credit by the vendor in the normal course of business and these credits are also reflected against future shipments.

 

As of March 31, 2021, and December 31, 2020, the balance due from the related party for future shipments was approximately $1,300,000. No new purchases have been made from Bacolod during the three months ended March 31, 2021. Cost of revenue related to inventories purchased from Bacolod represented approximately $170 and $291,000 of total cost of revenue for the three months ended March 31, 2021 and 2020, respectively.

 

Revenue Recognition

 

The Company recognizes revenue in accordance with Accounting Standards Codification (ASC) 606, Revenue from Contracts with Customers, as such, we record revenue when our customer obtains control of the promised goods or services in an amount that reflects the consideration which the Company expects to receive in exchange for those goods or services. The Company’s source of revenue is from importing blue and red swimming crab meat primarily from Indonesia, the Philippines and China and distributing it in the United States and Canada under several brand names such as Blue Star, Oceanica, Pacifika, Crab & Go, First Choice, Good Stuff and Coastal Pride Fresh. The Company sells primarily to food service distributors. The Company also sells its products to wholesalers, retail establishments and seafood distributors.

 

To determine revenue recognition for the arrangements that the Company determines are within the scope of Topic 606, the Company performs the following five steps: (1) identify the contract(s) with a customer by receipt of purchase orders and confirmations sent by the Company which includes a required line of credit approval process, (2) identify the performance obligations in the contract which includes shipment of goods to the customer FOB shipping point or destination, (3) determine the transaction price which initiates with the purchase order received from the customer and confirmation sent by the Company and will include discounts and allowances by customer if any, (4) allocate the transaction price to the performance obligations in the contract which is the shipment of the goods to the customer and transaction price determined in step 3 above and (5) recognize revenue when (or as) the entity satisfies a performance obligation which is when the Company transfers control of the goods to the customers by shipment or delivery of the products.

 

The Company elected an accounting policy to treat shipping and handling activities as fulfillment activities. Consideration payable to a customer is recorded as a reduction of the arrangement’s transaction price, thereby reducing the amount of revenue recognized, unless the payment is for distinct goods or services received from the customer.

 

 9  
 

 

Lease Accounting

 

We account for our leases under ASC 842, Leases, which requires all leases to be reported on the balance sheet as right-of-use assets and lease obligations. We elected the practical expedients permitted under the transition guidance that retained the lease classification and initial direct costs for any leases that existed prior to adoption of the standard.

 

We categorize leases with contractual terms longer than twelve months as either operating or finance. Finance leases are generally those leases that would allow us to substantially utilize or pay for the entire asset over its estimated life. Assets acquired under finance leases are recorded in property and equipment, net. All other leases are categorized as operating leases. We did not have any finance leases as of March 31, 2021. Our leases generally have terms that range from three years for equipment and five to twenty years for property. We elected the accounting policy to include both the lease and non-lease components of our agreements as a single component and account for them as a lease.

 

Lease liabilities are recognized at the present value of the fixed lease payments using a discount rate based on similarly secured borrowings available to us. Lease assets are recognized based on the initial present value of the fixed lease payments, reduced by landlord incentives, plus any direct costs from executing the lease. Lease assets are tested for impairment in the same manner as long-lived assets used in operations. Leasehold improvements are capitalized at cost and amortized over the lesser of their expected useful life or the lease term.

 

When we have the option to extend the lease term, terminate the lease before the contractual expiration date, or purchase the leased asset, and it is reasonably certain that we will exercise the option, we consider these options in determining the classification and measurement of the lease. Costs associated with operating lease assets are recognized on a straight-line basis within operating expenses over the term of the lease.

 

The table below presents the lease-related assets and liabilities recorded on the balance sheets.

 

  

March 31,

2021

 
Assets     
Operating lease assets  $92,386 
      
Liabilities     
Current     
Operating lease liabilities  $29,649 
Noncurrent     
Operating lease liabilities  $62,409 

 

Supplemental cash flow information related to leases were as follows:

 

  

Three Months Ended

March 31, 2021

 
     
Cash paid for amounts included in the measurement of lease liabilities:     
Operating cash flows from operating leases  $7,123 
ROU assets recognized in exchange for lease obligations:     
Operating leases  $- 

 

The table below presents the remaining lease term and discount rates for operating leases.

 

   March 31, 2021 
Weighted-average remaining lease term     
Operating leases   3.15 years 
Weighted-average discount rate     
Operating leases   4.3%

 

 10  
 

 

Maturities of lease liabilities as of March 31, 2021, were as follows:

 

   Operating Leases 
     
2021 (nine months remaining)   25,164 
2022   33,552 
2023   26,474 
2024   15,060 
2025   - 
Thereafter   - 
Total lease payments   100,250 
Less: amount of lease payments representing interest   (8,192)
Present value of future minimum lease payments  $92,058 
Less: current obligations under leases  $(29,649)
Non-current obligations  $62,409 

 

Note 3. Going Concern

 

The accompanying consolidated financial statements and notes have been prepared assuming the Company will continue as a going concern. For the three months ended March 31, 2021, the Company incurred a net loss of $478,104, has an accumulated deficit of $14,016,881 and working capital deficit of $2,581,653, with the current liabilities inclusive of $1,299,712 in stockholder loans that are subordinated to the provider of the working capital facility, and $29,649 in the current portion of the lease liability recognition. These circumstances raise substantial doubt as to the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon the Company’s ability to increase revenues, execute on its business plan to acquire complimentary companies, raise capital, and to continue to sustain adequate working capital to finance its operations. The consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

 

Note 4. Debt

 

Working Capital Line of Credit

 

Keeler & Co entered into a $14,000,000 revolving line of credit, pursuant to a loan and security agreement with ACF Finco I, LP (“ACF”) on August 31, 2016, the proceeds of which were used to pay off the prior line of credit, pay new loan costs of approximately $309,000, and provide additional working capital to the Company. This facility is secured by all assets of Keeler & Co. This facility was amended on November 18, 2016, June 19, 2017, October 16, 2017, September 19, 2018, November 8, 2018, July 29, 2019, November 26, 2019 and May 7, 2020.

 

The line of credit bears an interest rate equal to the greater of 3 Month LIBOR rate plus 9.25%, the Prime rate plus 6.0% or a fixed rate of 6.5%.

 

The ACF line of credit agreement is subject to the following terms:

 

  Borrowing is based on up to 85% of eligible accounts receivable plus the net orderly liquidation value of eligible inventory at the same rate, subject to certain defined limitations.
  The line is collateralized by substantially all the assets and property of Keeler & Co. and is personally guaranteed by the stockholder of the Company.
  The Keeler & Co, is restricted to specified distribution payments, use of funds, and is required to comply with certain other covenants including certain financial ratios.
  All cash received by Keeler & Co. is applied against the outstanding loan balance.
  A subjective acceleration clause allows ACF to call the note upon a material adverse change.

 

On November 26, 2019, Keeler & Co. entered into the seventh amendment to the loan and security agreement with ACF. This amendment memorialized the acquisition of Coastal Pride and made Coastal Pride a co-borrower to the facility. Additionally, the seventh amendment waived and reset the covenant default that occurred during 2019, extended the term of the facility to 5 years and is subject to early termination by the lender upon defined events of default. During the nine months ended September 30, 2020, the Keeler & Co. and Coastal Pride were in violation of its minimum EBITDA covenant as well as exceeding the covenant related to monies advanced to Bacolod by approximately $105,000. The default interest rate increase of 3% was implemented in April 2020.

 

On May 7, 2020, Keeler & Co. and Coastal Pride entered into an eighth amendment to the loan and security agreement with ACF which acknowledged the execution of a Payroll Protection Program loan, provided a reservation of rights related to a default of the minimum EBITDA covenant.

 

The Company analyzed the Line of Credit modification under ASC 470-50-40-21 and determined that the modification did not trigger any additional accounting due to the revolving line of credit remaining unchanged.

 

As of December 31, 2020, the line of credit had an outstanding balance of approximately $1,805,000. As of March 31, 2021, the line of credit had an outstanding balance of $0.

 

On March 31, 2021, Keeler & Co. and Coastal Pride entered into a loan and security agreement (“Loan Agreement”) with Lighthouse pursuant to the terms of the Loan Agreement, Lighthouse made available to Keeler & Co. and Coastal Pride (together, the “Borrowers”) a $5,000,000 revolving line of credit for a term of thirty-six months, renewable annually for one-year periods thereafter. Amounts due under the line of credit are represented by a revolving credit note issued to Lighthouse by the Borrowers.

 

11

 

 

The advance rate of the revolving line of credit is 85% with respect to eligible accounts receivable and the lower of 60% of the Borrowers’ eligible inventory, or 80% of the net orderly liquidation value, subject to an inventory sublimit of $2,500,000. The inventory portion of the loan will never exceed 50% of the outstanding balance. Interest on the line of credit is the prime rate (with a floor of 3.25%), plus 3.75%. The Borrowers will pay Lighthouse a facility fee of $50,000 in three instalments of $16,667 in March, April and May 2021 and will pay an additional facility fee of $25,000 on each anniversary of March 31, 2021.

 

The line of credit is secured by a first priority security interest on all the assets of each Borrower. Pursuant to the terms of a guaranty agreement, the Company guaranteed the obligations of the Borrowers under the note and John Keeler, Executive Chairman and Chief Executive Officer of the Company, provided a personal guaranty of up to $1,000,000 to Lighthouse.

 

The Borrowers utilized $784,450 borrowed from Lighthouse to repay all the outstanding indebtedness owed to the ACF as of March 31, 2021. As a result, all obligations owed to ACF were satisfied and the loan agreement with ACF was terminated. The outstanding balance owed to Lighthouse as of March 31, 2021 amounted to $780,288.

 

John Keeler Promissory Notes – Subordinated

 

The Company had unsecured promissory notes outstanding to its stockholder of approximately $1,299,000 of principal and interest expense of $19,600 and $174,000 as of March 31, 2021 and December 31, 2020, respectively. These notes are payable on demand, bear an annual interest rate of 6% and were subordinated to the ACF working capital line of credit until March 31, 2021. Since March 31, 2021, these notes are subordinated to the Lighthouse note. No principal payments were made by the Company during the three months ended March 31, 2021.

 

Kenar Note

 

On March 26, 2019, the Company issued a four-month unsecured promissory note in the principal amount of $1,000,000 (the “Kenar Note”) to a company controlled by a shareholder, Kenar Overseas Corp., a company registered in Panama (the “Lender”) the term of which was previously extended to March 31, 2020 after which time, on May 21, 2020, the Kenar Note was amended to (i) set the maturity date at March 31, 2021 (unless extended to September 30, 2021 at the Lender’s sole option), (ii) provide that the Company use one-third of any capital raise from the sale of its equity to reduce the outstanding principal under the Kenar Note, (iii) set the interest rate at 18% per annum, payable monthly commencing October 1, 2020, and (iv) to reduce the number of pledged shares by Mr. Keeler to 4,000,000. As consideration for Kenar’s agreement to amend the note, on May 27, 2020, the Company issued 1,021,266 shares of common stock to Kenar. As of the amendment date, the common stock had a value of $2,655,292.

 

The amendment to the Kenar Note was analyzed under ASC 470-50 and was determined that it will be accounted for as an extinguishment of the old debt and the new debt recorded at fair value with the new effective interest rate of 18%. Additionally, this treatment resulted in the cost of the modification paid in common stock with a value of $2,655,292 charged to other expense as of the date of the amendment.

 

The principal amount of the Kenar Note at March 31, 2021 was $872,500. Interest expense was approximately $38,700 during the three months ended March 31, 2021.

 

On April 28, 2021, the Kenar Note was amended to extend the maturity date to May 31, 2021.

 

Lobo Note

 

On April 2, 2019, the Company issued a four-month unsecured promissory note in the principal amount of $100,000 (the “Lobo Note”) to Lobo Holdings, LLLP, a stockholder in the Company (“Lobo”). The Lobo Note bears interest at the rate of 18% per annum. The Lobo Note may be prepaid in whole or in part without penalty. John Keeler, the Company’s Executive Chairman and Chief Executive Officer, pledged 1,000,000 shares of common stock of the Company to secure the Company’s obligations under the Lobo Note. The Lobo Note matured on August 2, 2019 and was extended through December 2, 2019 on the same terms and conditions. On November 15, 2019, the Company paid off the Lobo Note with the issuance to Lobo of an unsecured promissory note in the principal amount of $100,000 which bears interest at the rate of 15% and matured on March 31, 2020. On April 1, 2020, the Company paid off the November 15, 2019 note with the issuance of a six-month unsecured promissory note in the principal amount of $100,000 which accrued interest at the rate of 10% and matured on October 1, 2020. On October 1, 2020, the Company paid off the April 1, 2020 note with the issuance of a three-month unsecured promissory note in the principal amount of $100,000, which accrued interest at the rate of 10% and matured on December 31, 2020. On January 1, 2021, the Company paid off the October 1, 2020 note with the issuance of a six-month unsecured promissory note in the principal amount of $100,000, which bears interest at the rate of 10% per annum and matures on June 30, 2021.This note may be prepaid in whole or in part without penalty. Interest expense was approximately $2,400 during the three months ended March 31, 2021.

 

12

 

 

Walter Lubkin Jr. Note – Subordinated

 

On November 26, 2019, the Company issued a five-year unsecured promissory note in the principal amount of $500,000 to Walter Lubkin Jr. as part of the purchase price for the Coastal Pride acquisition. The note bears interest at the rate of 4% per annum and is payable quarterly in an amount equal to the lesser of (i) $25,000 or (ii) 25% of the EBITDA of Coastal Pride, as determined on the first day of each quarter. To date, no payments have been made under the note since the EBITDA generated by Coastal Pride has not required such payment. This note is subordinate to the working capital line of credit. Principal payments are permitted so long as the borrower is not in default of its working capital line of credit. No principal payments were made by the Company during the three months ended March 31, 2021. Interest expense was approximately $4,900 during the three months ended March 31, 2021.

 

Walter Lubkin III Convertible Note – Subordinated

 

On November 26, 2019, the Company issued a thirty-nine-month unsecured promissory note in the principal amount of $87,842 to Walter Lubkin III as part the purchase price for the Coastal Pride acquisition. The note bears interest at the rate of 4% per annum. The note is payable in equal quarterly payments over six quarters beginning August 26, 2021. At the election of the holder, at any time after the first anniversary of the issuance of the note, the then outstanding principal and accrued interest may be converted into the Company’s common stock at a rate of $2.00 per share. This note is subordinated to the working capital line of credit. Principal payments are permitted so long as the borrower is not in default of its working capital line of credit. No principal payments were made by the Company during the three months ended March 31, 2021. Interest expense was approximately $800 during the three months ended March 31, 2021.

 

Tracy Greco Convertible Note – Subordinated

 

On November 26, 2019, the Company issued a thirty-nine-month unsecured promissory note in the principal amount of $71,372 to Tracy Greco as part of the purchase price for the Coastal Pride acquisition. The note bears interest at the rate of 4% per annum. The note is payable in equal quarterly payments over six quarters beginning August 26, 2021. At the election of the holder, at any time after the first anniversary of the issuance of the note, the then outstanding principal and accrued interest may be converted into the Company’s common stock at a rate of $2.00 per share. This note is subordinated to the working capital line of credit. Principal payments are permitted so long as the borrower is not in default of its working capital line of credit. No principal payments were made by the Company during the three months ended March 31, 2021. Interest expense was approximately $700 during the three months ended March 31, 2021.

 

John Lubkin Convertible Note – Subordinated

 

On November 26, 2019, the Company issued a thirty-nine-month unsecured promissory note in the principal amount of $50,786 to John Lubkin as part the Coastal Pride acquisition. The note bears interest at the rate of 4% per annum. The note is payable in equal quarterly payments over six quarters beginning August 26, 2021. At the election of the holder, at any time after the first anniversary of the issuance of the note, the then outstanding principal and accrued interest may be converted into the Company’s common stock at a rate of $2.00 per share. This note is subordinated to the working capital line of credit. Principal payments are permitted so long as the borrower is not in default of its working capital line of credit. No principal payments were made by the Company during the three months ended March 31, 2021. Interest expense was approximately $500 during the three months ended March 31, 2021.

 

Payroll Protection Program Loan

 

On March 2, 2021, the Company received proceeds of $371,944 and issued an unsecured promissory note to US Century in the principal amount of $371,944 in connection with a PPP Loan. The note accrues interest at 1.0% per annum, matures five years from the date of issuance and is fully guaranteed by the SBA and may be forgiven provided certain criteria are met. The Company may apply for forgiveness after August 17, 2021 and may be required to make monthly payments of approximately $8,500 beginning June 2, 2022. As of March 31, 2021, the Company recorded interest expense of approximately $315.

 

13

 

 

Note 5. Common Stock

 

On July 1, 2020, the Company entered into an investment banking engagement agreement as amended on October 30, 2020, with Newbridge Securities Corporation. In consideration for advisory services, the Company agreed to issue Newbridge a total of 60,000 shares of common stock with a fair value of $138,000 which is amortized to expense over the term of the agreement. The Company recognized stock compensation expense of $34,500 for the three months ended March 31, 2021 in connection with these shares.

 

On February 8, 2021, the Company issued 25,000 shares of common stock with a fair value of $25,250 to an investor relations firm for services provided to the Company under an investor relations consulting agreement.

 

On March 30, 2021, the Company issued 10,465 shares of common stock with a fair value of $24,697 to the designee of a law firm for services provided to the Company.

 

On March 31, 2021, the Company issued 5,000 shares of common stock with a fair value of $11,800 to an investor relations firm for services provided to the Company under an investor relations consulting agreement.

 

On March 31, 2021, the Company issued 11,975 shares of common stock to Series A preferred stockholders as a common stock dividend with an aggregate fair value of $28,260 for the three months ended March 31, 2021.

 

Note 6. Options

 

The following table represents option activity for the three months ended March 31, 2021:

 

   Number of Options   Weighted
Average
Exercise
Price
   Weighted Average Remaining Contractual
Life in
Years
   Aggregate Intrinsic
Value
 
Outstanding – December 31, 2020   3,810,000   $2.00    7.87      
Exercisable – December 31, 2020   3,280,000   $2.00    7.87   $721,600 
Granted   -   $-           
Forfeited   (63,750)  $2.00           
Vested   3,431,250                
Outstanding – March 31, 2021   3,746,250   $2.00    7.55      
Exercisable – March 31, 2021   3,431,250   $2.00    7.55   $1,235,250 

 

On March 31, 2021, the Company recognized $30,319 of compensation expense for vested stock options issued to contractors and employees during 2019.

 

Note 7. Warrants

 

There was no warrant activity for the three months ended March 31, 2021. As of March 31, 2021, the Company had warrants to purchase an aggregate of 353,250 shares outstanding with a weighted average exercise price of $2.40, a weighted average remaining term of 0.61 years and an intrinsic value of $0.

 

Note 8. Commitment and Contingencies

 

Office lease

 

The Company leased its Miami office and warehouse facility from JK Real Estate, a related party through common family beneficial ownership. The lease which had a 20-year term, expiring in July 2021, was terminated on December 31, 2020, upon the sale of the facility. In connection with the sale, the Company retained approximately 4,756 square feet of such space, rent-free for the next 12 months.

 

14

 

 

The Company leases approximately 1,600 square feet in Beaufort, South Carolina for the offices of Coastal Pride. This office space consists of two leases with related parties that expire in 2024.

 

Rental and equipment lease expenses amounted to approximately $20,000 and $63,500 for the three months ended March 31, 2021 and 2020, respectively.

 

Legal

 

The Company has reached a settlement agreement with a former employee. Although the agreement is not finalized the Company has reserved for the entire amount of the settlement.

 

Note 9. COVID-19 Pandemic

 

On March 11, 2020, the World Health Organization declared that the novel coronavirus (COVID-19) had become a pandemic, and on March 13, 2020, the U.S. President declared a National Emergency concerning the disease. Additionally, in March 2020, state governments in the Company’s geographic operating area began instituting preventative shut down measures in order to combat the novel coronavirus pandemic. The coronavirus and actions taken to mitigate the spread of it have had and are expected to continue to have an adverse impact on the economies and financial markets of the geographical areas in which the Company operates. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was enacted to amongst other provisions, provide emergency assistance for individuals, families and businesses affected by the novel coronavirus pandemic for 2020 and into 2021. The Company’s business not being deemed essential resulted in decreased financial performance that may not be indicative of future financial results. Government-mandated closures of businesses and shipping delays have affected our sales and inventory purchases. The Company continues to face uncertainty and increased risks concerning its employees, customers, supply chain and government regulation. In April 2021, the U.S. government has made available the COVID-19 vaccine to most of its population to aid with the pandemic but the long-term effects of this development are yet to be seen. The Company’s sales and supply may continue to be adversely affected due to COVID-19 and plans continue to be developed to ensure a prompt response is given to address the effects of the pandemic.

 

Note 10. Subsequent Events

 

On April 12, 2021, the Company granted each director an option to purchase 100,000 shares of common stock at an exercise price of $2.00 per share, which option vests in equal monthly installments over the course of the applicable year and will expire three years from the date they are fully vested. In the event the Director ceases to be a member of the Board prior to the end of any year of service, all unvested stock options will be forfeited. The stock options granted to the Directors shall be exercisable only on a cash basis and will expire three years from the date they are fully vested.

 

On April 15, 2021, the Company issued an aggregate of 16,460 shares of common stock to Walter Lubkin Jr., Walter Lubkin III, Tracy Greco and John Lubkin (collectively, the “Coastal Sellers”) in lieu of $39,504 of outstanding interest under promissory notes issued by the Company to the Coastal Sellers in connection with the Coastal Pride acquisition.

 

On April 19, 2021, the Company issued 12,500 shares of common stock with a fair value of $25,000 to the designee of a law firm for services provided.

 

15

 

 

On April 27, 2021, the Company entered into a stock purchase agreement (the “SPA”) with Taste of BC Aquafarms Inc., a corporation formed under the laws of the Province of British Columbia, Canada (“TOBC”), and Steve Atkinson and Janet Atkinson (the “Sellers”), the owners of all of the capital stock of TOBC (the “Shares”). Pursuant to the terms of the SPA, the Company will acquire all of the Shares from the Sellers for an aggregate purchase price of CAD$4,000,000 (the “Purchase Price”) to be paid to the Sellers at closing as follows: (i) CAD$1,000,000 in cash, pro rata with each Seller’s ownership of TOBC (ii) by the issuance to each Seller of a non-interest bearing promissory note in the aggregate principal amount of CAD$200,000, with a maturity date of November 30, 2021, with the principal amount of each note to be pro rata with each Seller’s ownership of TOBC, and secured by a Company guarantee and a general security agreement creating a security interest over certain assets of the Company, and (iii) by the issuance of CAD$2,800,000 shares of the Company’s common stock, par value $0.0001 per share (“Common Stock”), calculated based on the volume weighted average price of a share of Common Stock on the OTC Markets from April 28, 2020 through the closing date (provided the price used to determine the number of shares is not be less than USD$2.00 or more than USD$2.30), with each Seller receiving Common Stock pro rata with each Seller’s ownership of TOBC. The Purchase Price is subject to adjustment based upon the amount of TOBC’s working capital on the closing date as determined in accordance with the SPA within 60 days after the closing. The closing and consummation of the transactions contemplated by the SPA is also subject to certain closing conditions and deliveries.

 

On April 29, 2021, the Company issued 105,757 shares of common stock to Kenar Overseas Corp. in lieu of $227,378 of outstanding interest under the Kenar Note.

 

On April 30, 2021, the Company issued 5,000 shares of common stock with a fair value of $28,500 to an investor relations firm for services provided to the Company under an investor relations consulting agreement.

 

Loan Amendment

 

On April 28, 2021, the Company entered into a second loan amendment (the “Second Loan Amendment”) with Kenar to extend the maturity date of the Kenar Note to May 31, 2021.

 

16

 

 

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 our historical financial statements and the related notes thereto. 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 filed with the SEC on April 15, 2021, 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 our financial condition as well as our liquidity and capital resources for the periods described, and provides information that management believes is relevant for an assessment and understanding of the statements of financial condition and results of operations presented herein. The following discussion and analysis are based on our unaudited financial statements contained in this Quarterly Report, which we have prepared in accordance with United States generally accepted accounting principles. You should read the discussion and analysis together with such financial statements and the related notes thereto.

 

Overview

 

We are an international seafood company that imports, packages and sells refrigerated pasteurized crab meat, and other premium seafood products. Our current source of revenue is from importing blue and red swimming crab meat primarily from Indonesia, the Philippines and China and distributing it in the United States and Canada under several brand names such as Blue Star, Oceanica, Pacifika, Crab & Go, First Choice, Good Stuff and Coastal Pride Fresh. The crab meat which we import is processed in 13 plants throughout Southeast Asia. Our suppliers are primarily via co-packing relationships, including two affiliated suppliers. We sell primarily to food service distributors. We also sell our products to wholesalers, retail establishments and seafood distributors.

 

17

 

 

COVID-19

 

The current COVID-19 pandemic has adversely affected our business operations, including disruptions and restrictions on our ability to travel or to distribute our seafood products, as well as temporary closures of our facilities. Any such disruption or delay may impact our sales and operating results. In addition, COVID-19 has resulted in a widespread health crisis that adversely affected the economies and financial markets of many other countries. As a result of COVID-19, the Company has experienced a significant decrease in revenue for the year ended December 31, 2020 and continues to have losses in the three months ended March 31, 2021 although such losses have decreased in comparison to the three months ended March 31, 2020.

 

As a result of the business interruption experienced to date, management has taken steps to reduce expenses across all areas of its operations, including payroll, marketing, sales and warehousing expenses. The extent to which we are affected by COVID-19 will largely depend on future developments and restrictions which may disrupt interactions with customers, suppliers, staff and advisors which cannot be accurately predicted, including the duration and scope of the pandemic, governmental and business responses to the pandemic and the impact on the global economy, our customers’ demand for our products, and our ability to provide our products. We continue to monitor the effects of the pandemic on our business.

 

Results of Operations

 

The information set forth below should be read in conjunction with the financial statements and accompanying notes elsewhere in this Report.

 

Three months ended March 31, 2021 and 2020

 

Net Revenue. Revenue for the three months ended March 31, 2021 decreased 45.6% to $2,485,891 as compared to $4,571,614 for the three months ended March 31, 2020 as a result of a decrease in poundage sold due to the impact of the COVID-19 pandemic.

 

Cost of Goods Sold. Cost of goods sold for the three months ended March 31, 2021 decreased to $2,183,112 as compared to $4,148,398 for the three months ended March 31, 2020. The decrease is attributable to the revenue decline.

 

Gross Profit. Gross profit margin for the three months ended March 31, 2021 decreased to $302,779 as compared to $423,216 for the three months ended March 31, 2020. This decrease is directly attributable to a reduction in overall revenue due to the COVID-19 pandemic.

 

Commissions Expense. Commissions expense decreased to $4,794 for the three months ended March 31, 2021 from $66,829 for the three months ended March 31, 2020. This decrease is due to the lower commissionable revenues.

 

Salaries and Wages Expense. Salaries and wages expense decreased to $380,596 for the three months ended March 31, 2021 as compared to $409,181 for the three months ended March 31, 2020. This decrease is mainly attributable to the strategic reduction in salaries and stock-based compensation for the three months ended March 31, 2021.

 

Depreciation and Amortization. Depreciation and amortization expense decreased to $44,079 for the three months ended March 31, 2021 as compared to $77,765 for the three months ended March 31, 2020. The decrease is attributable to lower fixed assets and lower corresponding depreciation recognized during the three months ended March 31, 2021.

 

Other Operating Expense. Other operating expense decreased by 28.9% to $317,398 for the three months ended March 31, 2021 from $446,433 for the three months ended March 31, 2020. The decrease is attributable the Company’s overhead reduction efforts in all fixed expenses related to its operations to adjust for the reduction in sales due to COVID.

 

18

 

 

Other Income. Other income increased for the three months ended March 31, 2021 to $76,518 from $0 for the three months ended March 31, 2020. This increase is mainly attributable to the working capital line of credit loan commitment settlement with ACF.

 

Interest Expense. Interest expense decreased to $110,534 for the three months ended March 31, 2021 from $276,655 for the three months ended March 31, 2020. The decrease is attributable to a decrease in loans outstanding to $4,134,444 for the three months ended March 31, 2021 from $9,582,010 for the three months ended March 31, 2020.

 

Net Loss. The Company had net loss of $478,104 for the three months ended March 31, 2021 as compared to $853,647 for the three months ended March 31, 2020. The decrease in net loss is primarily attributable to reductions of salaries and wages, interest and other expenses.

 

Liquidity and Capital Resources

 

The Company had cash of $146,636 as of March 31, 2021, of which $42,003 was restricted cash. At March 31, 2021, the Company had a working capital deficit of $2,581,653 including $1,299,712 in stockholder loans that are subordinated to its working capital line of credit, and the Company’s primary sources of liquidity consisted of inventory of $605,649 and accounts receivable of $718,163.

 

The Company has historically financed its operations through the cash flow generated from operations, capital investment, notes payable and a working capital line of credit.

 

The COVID-19 pandemic has caused significant disruptions to the global financial markets. The full impact of the COVID-19 outbreak continues to evolve, is highly uncertain and subject to change. The Company is not able to estimate the possible continuing effects of the COVID-19 outbreak on its operations or financial condition for the next 12 months.

 

Cash Provided by Operating Activities. Cash provided by operating activities during the three months ended March 31, 2021 was $462,624 as compared to cash provided by operating activities of $1,857,853 for the three months ended March 31, 2020. The decrease is primarily attributable to reductions in inventory of $1,869,218, other current assets of $68,930 and payables of $42,830 for the three months ended March 31, 2021.

 

Cash Utilized in Investing Activities. Cash used for investing activities for the three months ended March 31, 2021 was $0 as compared to $13,230 used for investing activities for the three months ended March 31, 2020. The decrease was attributable to no purchase of fixed assets in the three months ended March 31, 2021.

 

Cash Utilized in Financing Activities. Cash utilized in financing activities for the three months ended March 31, 2021 was $653,675 as compared to cash utilized in financing activities of $1,998,594 for the three months ended March 31, 2020. Reduction of the Company’s revolving working capital line of credit of $1,025,619 was partially offset by the proceeds from the PPP loan of $371,944 for the three months ended March 31, 2021, compared to loan payment and loan costs paid on the working capital line of credit of $1,998,594 for the three months ended March 31, 2020.

 

Working Capital Line of Credit

 

Keeler & Co. entered into a $14,000,000 revolving line of credit with ACF on August 31, 2016, the proceeds of which were used to pay off the prior line of credit, pay new loan costs of approximately $309,000 and provide additional working capital to Keeler & Co. This facility was amended on November 18, 2016, June 19, 2017, October 16, 2017, September 19, 2018, November 8, 2018, July 29, 2019, November 26, 2019 and May 7, 2020 and was secured by all of the assets of Keeler & Co. and Coastal Pride. The interest rate under the line of credit was equal to the greater of (i) the 3-month LIBOR rate plus 9.25%, (ii) the prime rate plus 6.0%, and (iii) a fixed rate of 6.5%. As of December 31, 2020, the interest rate was 12.48%.

 

On March 31, 2021, Keeler & Co. and Coastal Pride entered into a loan and security agreement (“Loan Agreement”) with Lighthouse pursuant to the terms of the Loan Agreement, Lighthouse made available to Keeler & Co. and Coastal Pride (together, the “Borrowers”) a $5,000,000 revolving line of credit for a term of thirty-six months, renewable annually for one-year periods thereafter. Amounts due under the line of credit are represented by a revolving credit note issued to Lighthouse by the Borrowers.

 

19

 

 

The advance rate of the revolving line of credit is 85% with respect to eligible accounts receivable and the lower of 60% of the Borrowers’ eligible inventory, or 80% of the net orderly liquidation value, subject to an inventory sublimit of $2,500,000. The inventory portion of the loan will never exceed 50% of the outstanding balance. Interest on the line of credit is the prime rate (with a floor of 3.25%), plus 3.75%. The Borrowers will pay Lighthouse a facility fee of $50,000 in three instalments of $16,667 in March, April and May 2021 and will pay an additional facility fee of $25,000 on each anniversary of March 31, 2021.

 

The line of credit is secured by a first priority security interest on all the assets of each Borrower. Pursuant to the terms of a guaranty agreement, the Company guaranteed the obligations of the Borrowers under the note and John Keeler, Executive Chairman and Chief Executive Officer of the Company, provided a personal guaranty of up to $1,000,000 to Lighthouse.

 

The Borrowers utilized $784,450 of the Lighthouse revolving line of credit to repay all the outstanding indebtedness owed to the ACF as of March 31, 2021. As a result, all obligations owed to ACF were satisfied and the loan agreement with ACF was terminated. The outstanding balance owed to Lighthouse as of March 31, 2021 amounted to $780,288.

 

John Keeler Promissory Notes

 

From January 2006 through May 2017, Keeler & Co issued 6% demand promissory notes in the aggregate principal amount of $2,910,000 to John Keeler, our Chief Executive Officer and Executive Chairman. As of March 31, 2021 and December 31, 2020, approximately $1,299,000 of principal remains outstanding and approximately $19,600 and $174,000 of interest was paid under the notes, respectively. These notes are subordinated to the Lighthouse note. After satisfaction of the terms of the subordination, the Company may prepay the notes at any time first against interest due thereunder. If an event of default occurs under the notes, interest will accrue at 18% per annum and if not paid within 10 days of payment becoming due, the holder of the note is entitled to a late fee of 5% of the amount of payment not timely made.

 

Kenar Note

 

On March 26, 2019, the Company issued a four-month promissory note in the principal amount of $1,000,000 (the “Kenar Note”) to Kenar Overseas Corp., a company registered in Panama (“Kenar”). The note bears interest at the rate of 18% per annum during the initial four months which rate will increase to 24% during any extension thereof. The note may be prepaid in whole or in part without penalty. John Keeler, the Company’s Chief Executive Officer and Executive Chairman pledged 5,000,000 shares of common stock to secure the Company’s obligations under the note. The Kenar Note matured on July 26, 2019 and was extended on a month-to-month basis and on November 19, 2019, the Kenar Note was extended to March 31, 2020 on the same terms and conditions.

 

On May 21, 2020, the Kenar Note was amended to (i) extend the maturity date to March 31, 2021, (ii) provide that the Company use one-third of any capital raise from the sale of its equity to reduce the outstanding principal under the Kenar Note, (iii) set the interest rate at 18% per annum, payable monthly commencing October 1, 2020, and (iv) reduce the number of pledged shares by Mr. Keeler to 4,000,000. As consideration therefor, the Company issued 1,021,266 shares of Common Stock to Kenar on May 27, 2020. The outstanding principal amount of the note at March 31, 2021 and December 31, 2020 was $872,500. On April 28, 2021, the Kenar Note was further amended to extend the maturity date to May 31, 2021.

 

Lobo Note

 

On April 2, 2019, the Company issued a four-month unsecured promissory note in the principal amount of $100,000 (the “Lobo Note”) to Lobo Holdings, LLLP, a stockholder of the Company (“Lobo”). The Lobo Note bears interest at the rate of 18% per annum. The Lobo Note may be prepaid in whole or in part without penalty. John Keeler, the Company’s Executive Chairman and Chief Executive Officer, pledged 1,000,000 shares of common stock of the Company to secure the Company’s obligations under the Lobo Note. The Lobo Note matured on August 2, 2019 and was extended through December 2, 2019 on the same terms and conditions. On November 15, 2019, the Company paid off the Lobo Note with the issuance to Lobo of an unsecured promissory note in the principal amount of $100,000 which accrued interest at the rate of 15% per annum and matured on March 31, 2020. On April 1, 2020, the Company paid off the November 15, 2019 Lobo Note with the issuance to Lobo of a six-month unsecured promissory note in the principal amount of $100,000, which accrued interest at the rate of 10% per annum and matured on October 1, 2020. On October 1, 2020, the Company paid off the April 1, 2020 note with the issuance of a three-month unsecured promissory note in the principal amount of $100,000, which bears interest at the rate of 10% per annum and matured on December 31, 2020. On January 1, 2021, the Company paid off the October 1, 2020 note with the issuance of a six-month unsecured promissory note in the principal amount of $100,000, which bears interest at the rate of 10% per annum and matures on June 30, 2021.

 

20

 

 

Paycheck Protection Program Loan

 

On March 2, 2021, the Company received proceeds of $371,944 and issued an unsecured promissory note to US Century in the principal amount of $371,944 in connection with a PPP Loan. The note accrues interest at 1.0% per annum, matures five years from the date of issuance and is fully guaranteed by the SBA and may be forgiven provided certain criteria are met. The Company may apply for forgiveness after August 17, 2021 and may be required to make monthly payments of approximately $8,500 beginning June 2, 2022.

 

Off-Balance Sheet Arrangements

 

We currently have no off-balance sheet arrangements.

 

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

 

We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information under this item.

 

ITEM 4. CONTROLS AND PROCEDURES

 

Evaluation of Disclosure Controls and Procedures

 

Under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, as of March 31, 2021, we conducted an evaluation of our disclosure controls and procedures, as such term is defined under Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities Exchange Act of 1934, as amended. Based on this evaluation, our principal executive officer and principal financial officer have concluded that, based on the material weaknesses discussed below, our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed by us in reports filed or submitted under the Securities Exchange Act were recorded, processed, summarized, and reported within the time periods specified in the SEC’s rules and forms and that our disclosure controls are not effectively designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Securities Exchange Act is accumulated and communicated to management, including our principal executive officer and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

 

The matters involving internal controls and procedures that our management considered to be material weaknesses under the standards of the Public Company Accounting Oversight Board were:

 

● The Company’s lack of an audit committee with a financial expert and thus the Company lacks the board oversight role within the financial reporting process; and

 

● inadequate segregation of duties consistent with control objectives, including lack of personnel resources and technical accounting expertise within the accounting function of the Company.

 

Management believes that the material weaknesses that were identified did not have an effect on our financial results. However, management believes that these weaknesses, if not properly remediated, could result in a material misstatement in our financial statements in future periods.

 

Management’s Remediation Initiatives

 

In an effort to remediate the identified material weaknesses and other deficiencies and enhance our internal controls, we plan to further initiate, the following measures, subject to the availability of required resources:

 

● We plan to establish an audit committee, including an “audit committee financial expert” as defined by applicable SEC rules, that has the requisite financial sophistication as defined under the applicable Nasdaq rules and regulations.

 

21

 

 

● We plan to create a position to segregate duties consistent with control objectives and hire personnel resources with technical accounting expertise within the accounting function; and

 

● As of May 5, 2021, we hired a chief financial officer who is also the principal financial officer for SEC filing purposes.

 

Going forward, we intend to evaluate our processes and procedures and, where practicable and resources permit, implement changes in order to have more effective internal controls over financial reporting.

 

Changes in Internal Control over Financial Reporting

 

During the period covered by this Quarterly Report, there were no changes in our internal controls over financial reporting that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

 

PART II – OTHER INFORMATION

 

ITEM 1. LEGAL PROCEEDINGS

 

From time to time, the Company may be party to legal proceedings that arise in the ordinary course of business. There are currently no pending legal proceedings, individually or in the aggregate, that we believe will have a material adverse effect on the Company’s financial condition, results of operations or cash flows.

 

ITEM 1A. RISK FACTORS

 

We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information under this item.

 

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

 

Except as set forth below, there were no sales of equity securities sold during the period covered by this Report that were not registered under the Securities Act and were not previously reported in a Current Report on Form 8-K filed by the Company.

 

On February 8, 2021, the Company issued 25,000 shares of common stock with a fair value of $25,250 to an investor relations firm for services provided to the Company under an investor relations consulting agreement.

 

On March 30, 2021, the Company issued 10,465 shares of common stock with a fair value of $24,697 to the designee of a law firm for services provided to the Company.

 

On March 31, 2021, the Company issued 5,000 shares of common stock with a fair value of $11,800 to an investor relations firm for services provided to the Company under an investor relations consulting agreement.

 

On March 31, 2021, the Company issued 11,975 shares of common stock to Series A preferred stockholders as a common stock dividend with an aggregate fair value of $28,260 for the three months ended March 31, 2021.

 

On April 15, 2021, the Company issued an aggregate of 16,460 shares of common stock to Walter Lubkin Jr., Walter Lubkin III, Tracy Greco and John Lubkin (collectively, the “Coastal Sellers”) in lieu of $39,504 of outstanding interest under promissory notes issued by the Company to the Coastal Sellers in connection with the Coastal Pride acquisition.

 

On April 19, 2021, the Company issued 12,500 shares of common stock with a fair value of $25,000 to the designee of a law firm for services provided.

 

On April 29, 2021, the Company issued 105,757 shares of common stock to Kenar Overseas Corp. in lieu of $227,378 of outstanding interest under the Kenar Note.

 

On April 30, 2021, the Company issued 5,000 shares of common stock with a fair value of $28,500 to an investor relations firm for services provided to the Company under an investor relations consulting agreement.

 

22

 

 

The above issuances did not involve any underwriters, underwriting discounts or commissions, or any public offering and we believe is exempt from the registration requirements of the Securities Act of 1933 by virtue of Section 4(2) thereof.

 

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

 

None.

 

ITEM 4. MINE SAFETY DISCLOSURES

 

Not applicable.

 

ITEM 5. OTHER INFORMATION

 

None.

 

ITEM 6. EXHIBITS

 

Exhibit

No.

  Description
     
31.1   Certification of Principal Executive Officer pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2   Certification of Principal Financial Officer pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1   Certifications of Principal Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2   Certifications of Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS   XBRL Instance Document
101.SCH   XBRL Taxonomy Extension Schema Document
101.CAL   XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF   XBRL Taxonomy Extension Definition Linkbase Document
101.LAB   XBRL Taxonomy Extension Label Linkbase Document
101.PRE   XBRL Taxonomy Extension Presentation Linkbase Document

 

23

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

  BLUE STAR FOODS CORP.
     
Dated: May 17, 2021 By: /s/ John Keeler
  Name: John Keeler
  Title:

Executive Chairman and Chief Executive Officer

(Principal Executive Officer)

     
Dated: May 17, 2021 By: /s/ Silvia Alana
  Name: Silvia Alana
  Title: Chief Financial Officer
    (Principal Financial and Accounting Officer)

 

24

 

EX-31.1 2 ex31-1.htm

 

EXHIBIT 31.1

 

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT AND RULE 13A-14(A)

OR 15D-14(A) UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

I, John Keeler, certify that:

 

1. I have reviewed this quarterly report on Form 10-Q of Blue Star Foods Corp.
   
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
   
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
   
4. I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

  (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me by others within those entities, particularly during the period in which this report is being prepared;
     
  (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
     
  (c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
     
  (d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5. I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

 

  (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
     
  (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: May 17, 2021 /s/ John Keeler
  John Keeler
 

Executive Chairman and Chief Executive Officer

(Principal Executive Officer)

 

 
EX-31.2 3 ex31-2.htm

 

EXHIBIT 31.2

 

CERTIFICATION OF CHIEF FINANCIAL OFFICER

PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT AND RULE 13A-14(A)

OR 15D-14(A) UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

I, Silvia Alana, certify that:

 

1. I have reviewed this quarterly report on Form 10-Q of Blue Star Foods Corp.;
   
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
   
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
   
4. I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

  (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me by others within those entities, particularly during the period in which this report is being prepared;
     
  (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
     
  (c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
     
  (d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5. I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

 

  (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
     
  (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: May 17, 2021 /s/ Silvia Alana
  Silvia Alana
 

Chief Financial Officer

(Principal Financial and Accounting Officer)

 

 
EX-32.1 4 ex32-1.htm

 

EXHIBIT 32.1

 

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Quarterly Report on Form 10-Q of Blue Star Foods Corp. (the “Company”), for the quarter ended March 31, 2021, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, John Keeler, Executive Chairman and Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

 

  (1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
     
  (2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

 

Date: May 17, 2021 By: /s/ John Keeler
  Name: John Keeler
  Title: Executive Chairman and Chief Executive Officer
    (Principal Executive Officer)

 

 
EX-32.2 5 ex32-2.htm

 

EXHIBIT 32.2

 

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Quarterly Report on Form 10-Q of Blue Star Foods Corp. (the “Company”), for the quarter ended March 31, 2021, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Silvia Alana, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

 

  (1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
     
  (2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

 

Date: May 17, 2021 By: /s/ Silvia Alana
  Name: Silvia Alana
  Title: Chief Financial Officer
    (Principal Financial and Accounting Officer)

 

 

 

 

 

 

 

 

 

 

EX-101.INS 6 aagi-20210331.xml XBRL INSTANCE FILE 0001730773 2021-01-01 2021-03-31 0001730773 2020-12-31 0001730773 AAGI:SeriesAEightPrecentageCumulativeConvertiblePreferredMember 2020-03-31 0001730773 AAGI:SeriesAEightPrecentageCumulativeConvertiblePreferredMember 2020-12-31 0001730773 AAGI:ACFFincoILPMember 2016-08-31 0001730773 AAGI:ACFFincoILPMember us-gaap:LondonInterbankOfferedRateLIBORMember 2021-01-01 2021-03-31 0001730773 AAGI:ACFFincoILPMember us-gaap:PrimeRateMember 2021-01-01 2021-03-31 0001730773 AAGI:ACFFincoILPMember AAGI:FixedRateMember 2021-01-01 2021-03-31 0001730773 2021-03-31 0001730773 us-gaap:SeriesAPreferredStockMember 2019-12-31 0001730773 us-gaap:CommonStockMember 2019-12-31 0001730773 us-gaap:AdditionalPaidInCapitalMember 2019-12-31 0001730773 us-gaap:RetainedEarningsMember 2019-12-31 0001730773 AAGI:TotalBlueStarFoodsCorpStockholdersDeficitMember 2019-12-31 0001730773 us-gaap:NoncontrollingInterestMember 2019-12-31 0001730773 AAGI:ACFFincoILPMember 2021-01-01 2021-03-31 0001730773 AAGI:FourMonthUnsecuredPromissoryNotesMember AAGI:LoboHoldingsLLCMember 2020-04-02 0001730773 AAGI:SeriesAEightPrecentageCumulativeConvertiblePreferredMember 2020-01-01 2020-03-31 0001730773 AAGI:SeriesAEightPrecentageCumulativeConvertiblePreferredMember 2021-01-01 2021-03-31 0001730773 2019-11-25 2019-11-26 0001730773 AAGI:KenarNoteMember AAGI:KenarOverseasCorpMember 2019-03-25 2019-03-26 0001730773 AAGI:KenarNoteMember AAGI:KenarOverseasCorpMember 2019-03-26 0001730773 AAGI:KenarNoteMember AAGI:KenarOverseasCorpMember 2021-03-31 0001730773 AAGI:LoboNoteMember AAGI:LoboHoldingsLLCMember 2019-04-02 0001730773 AAGI:LoboNoteMember AAGI:LoboHoldingsLLCMember 2019-04-01 2019-04-02 0001730773 AAGI:LoboNoteMember AAGI:LoboHoldingsLLCMember 2019-11-15 0001730773 AAGI:LoboNoteMember AAGI:LoboHoldingsLLCMember 2019-11-14 2019-11-15 0001730773 AAGI:FiveYearUnsecuredPromissoryNoteMember AAGI:WalterLubkinJrMember 2019-11-26 0001730773 AAGI:FiveYearUnsecuredPromissoryNoteMember AAGI:WalterLubkinJrMember 2019-11-25 2019-11-26 0001730773 AAGI:FiveYearUnsecuredPromissoryNoteMember AAGI:WalterLubkinJrMember 2021-03-31 0001730773 AAGI:ThirtyNineMonthUnsecuredPromissoryNoteMember AAGI:TracyGrecoMember 2019-11-26 0001730773 AAGI:ThirtyNineMonthUnsecuredPromissoryNoteMember AAGI:TracyGrecoMember 2019-11-25 2019-11-26 0001730773 AAGI:ThirtyNineMonthUnsecuredPromissoryNoteMember AAGI:TracyGrecoMember 2021-03-31 0001730773 AAGI:ThirtyNineMonthUnsecuredPromissoryNoteMember AAGI:JohnLubkinMember 2019-11-26 0001730773 AAGI:ThirtyNineMonthUnsecuredPromissoryNoteMember AAGI:JohnLubkinMember 2019-11-25 2019-11-26 0001730773 AAGI:ThirtyNineMonthUnsecuredPromissoryNoteMember AAGI:JohnLubkinMember 2021-03-31 0001730773 us-gaap:SeriesAPreferredStockMember 2020-12-31 0001730773 us-gaap:CommonStockMember 2020-12-31 0001730773 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0001730773 us-gaap:RetainedEarningsMember 2020-12-31 0001730773 AAGI:TotalBlueStarFoodsCorpStockholdersDeficitMember 2020-12-31 0001730773 us-gaap:NoncontrollingInterestMember 2020-12-31 0001730773 2020-01-01 2020-03-31 0001730773 us-gaap:SeriesAPreferredStockMember 2020-01-01 2020-03-31 0001730773 us-gaap:AdditionalPaidInCapitalMember 2020-01-01 2020-03-31 0001730773 us-gaap:RetainedEarningsMember 2020-01-01 2020-03-31 0001730773 AAGI:TotalBlueStarFoodsCorpStockholdersDeficitMember 2020-01-01 2020-03-31 0001730773 us-gaap:NoncontrollingInterestMember 2020-01-01 2020-03-31 0001730773 AAGI:KenarNoteMember 2019-03-26 0001730773 AAGI:KenarNoteMember 2019-03-25 2019-03-26 0001730773 AAGI:FourMonthUnsecuredPromissoryNotesMember AAGI:LoboHoldingsLLCMember 2020-03-29 2020-04-02 0001730773 us-gaap:SeriesAPreferredStockMember 2020-03-31 0001730773 us-gaap:CommonStockMember 2020-03-31 0001730773 us-gaap:AdditionalPaidInCapitalMember 2020-03-31 0001730773 us-gaap:RetainedEarningsMember 2020-03-31 0001730773 AAGI:TotalBlueStarFoodsCorpStockholdersDeficitMember 2020-03-31 0001730773 us-gaap:NoncontrollingInterestMember 2020-03-31 0001730773 2020-03-31 0001730773 AAGI:FourMonthUnsecuredPromissoryNotesMember AAGI:LoboHoldingsLLCMember 2020-09-28 2020-10-02 0001730773 AAGI:FourMonthUnsecuredPromissoryNotesMember AAGI:LoboHoldingsLLCMember 2020-10-02 0001730773 AAGI:BacolodBlueStarExportCorpMember 2021-01-01 2021-03-31 0001730773 AAGI:BacolodBlueStarExportCorpMember 2020-01-01 2020-03-31 0001730773 2020-04-01 2020-04-30 0001730773 AAGI:LoanandSecurityAgreementMember AAGI:KeelerAndCoAndCoastalPrideMember 2021-03-31 0001730773 AAGI:LoanandSecurityAgreementMember AAGI:KeelerAndCoAndCoastalPrideMember 2021-03-29 2021-03-31 0001730773 AAGI:LoanandSecurityAgreementMember AAGI:LighthouseFinancialCorpMember 2021-03-31 0001730773 AAGI:LoanandSecurityAgreementMember AAGI:LighthouseFinancialCorpMember 2021-03-29 2021-03-31 0001730773 AAGI:LoanandSecurityAgreementMember AAGI:KeelerAndCoAndCoastalPrideMember us-gaap:PrimeRateMember 2021-03-29 2021-03-31 0001730773 AAGI:SixMonthPromissoryNotesMember AAGI:LoboHoldingsLLCMember 2021-01-02 0001730773 AAGI:FourMonthUnsecuredPromissoryNotesMember AAGI:LoboHoldingsLLCMember 2020-12-26 2021-01-02 0001730773 AAGI:FiveYearUnsecuredPromissoryNoteMember AAGI:WalterLubkinJrMember 2021-01-01 2021-03-31 0001730773 AAGI:ThirtyNineMonthUnsecuredPromissoryNoteMember AAGI:TracyGrecoMember 2021-01-01 2021-03-31 0001730773 AAGI:ThirtyNineMonthUnsecuredPromissoryNoteMember AAGI:JohnLubkinMember 2021-01-01 2021-03-31 0001730773 2021-05-17 0001730773 srt:ScenarioForecastMember AAGI:PayrollProtectionProgramLoanMember 2022-06-01 2022-06-02 0001730773 us-gaap:SeriesAPreferredStockMember 2021-01-01 2021-03-31 0001730773 us-gaap:SeriesAPreferredStockMember 2021-03-31 0001730773 us-gaap:CommonStockMember 2021-01-01 2021-03-31 0001730773 us-gaap:CommonStockMember 2020-01-01 2020-03-31 0001730773 us-gaap:CommonStockMember 2021-03-31 0001730773 us-gaap:AdditionalPaidInCapitalMember 2021-01-01 2021-03-31 0001730773 us-gaap:AdditionalPaidInCapitalMember 2021-03-31 0001730773 us-gaap:RetainedEarningsMember 2021-01-01 2021-03-31 0001730773 us-gaap:RetainedEarningsMember 2021-03-31 0001730773 AAGI:TotalBlueStarFoodsCorpStockholdersDeficitMember 2021-01-01 2021-03-31 0001730773 AAGI:TotalBlueStarFoodsCorpStockholdersDeficitMember 2021-03-31 0001730773 us-gaap:NoncontrollingInterestMember 2021-01-01 2021-03-31 0001730773 us-gaap:NoncontrollingInterestMember 2021-03-31 0001730773 2019-12-31 0001730773 AAGI:SeriesACommonStockMember 2021-01-01 2021-03-31 0001730773 AAGI:SeriesACommonStockMember 2020-01-01 2020-03-31 0001730773 2020-01-01 2020-12-31 0001730773 us-gaap:EquipmentMember 2021-03-31 0001730773 AAGI:PropertyMember srt:MinimumMember 2021-03-31 0001730773 AAGI:PropertyMember srt:MaximumMember 2021-03-31 0001730773 AAGI:LoanandSecurityAgreementMember AAGI:LighthouseFinancialCorpMember AAGI:MarchTwoThousandTwentyOneMember 2021-03-29 2021-03-31 0001730773 AAGI:LoanandSecurityAgreementMember AAGI:LighthouseFinancialCorpMember AAGI:AprilTwoThousandTwentyOneMember 2021-03-29 2021-03-31 0001730773 AAGI:LoanandSecurityAgreementMember AAGI:LighthouseFinancialCorpMember AAGI:MayTwoThousandTwentyOneMember 2021-03-29 2021-03-31 0001730773 AAGI:BoardMemberAndExecutiveChairmanAndChiefExecutiveOfficerMember 2021-03-31 0001730773 AAGI:JohnKeelerAndCoIncMember AAGI:PromissoryNotesSubordinatedMember 2021-03-31 0001730773 AAGI:JohnKeelerAndCoIncMember AAGI:PromissoryNotesSubordinatedMember 2021-01-01 2021-03-31 0001730773 AAGI:JohnKeelerAndCoIncMember AAGI:PromissoryNotesSubordinatedMember 2020-01-01 2020-12-31 0001730773 AAGI:FourMonthUnsecuredPromissoryNotesMember AAGI:LoboHoldingsLLCMember 2021-01-01 2021-03-31 0001730773 AAGI:PayrollProtectionProgramLoanMember 2021-03-01 2021-03-02 0001730773 AAGI:PayrollProtectionProgramLoanMember 2021-03-02 0001730773 AAGI:PayrollProtectionProgramLoanMember 2021-01-01 2021-03-31 0001730773 AAGI:NewbridgeMember 2020-07-01 2020-07-02 0001730773 AAGI:InvestorRelationsConsultingAgreementMember 2021-02-07 2021-02-08 0001730773 2021-03-29 2021-03-30 0001730773 AAGI:SeriesAPreferredMember 2021-01-01 2021-03-31 0001730773 2020-01-01 2020-09-30 0001730773 us-gaap:SubsequentEventMember srt:DirectorMember 2021-04-11 2021-04-12 0001730773 us-gaap:SubsequentEventMember AAGI:CoastalPrideCompanyIncMember 2021-04-14 2021-04-15 0001730773 us-gaap:SubsequentEventMember AAGI:DesigneeMember 2021-04-18 2021-04-19 0001730773 us-gaap:SubsequentEventMember AAGI:StockPurchaseAgreementMember 2021-04-26 2021-04-27 0001730773 us-gaap:SubsequentEventMember AAGI:TasteofBCAquafarmsIncMember 2021-04-26 2021-04-27 0001730773 us-gaap:SubsequentEventMember 2021-04-27 0001730773 us-gaap:SubsequentEventMember 2021-04-26 2021-04-27 0001730773 us-gaap:SubsequentEventMember srt:MinimumMember 2021-04-27 0001730773 us-gaap:SubsequentEventMember srt:MaximumMember 2021-04-27 0001730773 us-gaap:SubsequentEventMember AAGI:KenarOverseasCorpMember 2021-04-28 2021-04-29 0001730773 us-gaap:SubsequentEventMember AAGI:InvestorRelationsConsultingAgreementMember 2021-04-28 2021-04-29 0001730773 AAGI:InvestorRelationsConsultingAgreementMember 2021-01-01 2021-03-31 0001730773 AAGI:KenarNoteMember AAGI:KenarOverseasCorpMember 2021-01-01 2021-03-31 0001730773 AAGI:ThirtyNineMonthUnsecuredPromissoryNoteMember AAGI:WalterLubkinIIIMember 2019-11-26 0001730773 AAGI:ThirtyNineMonthUnsecuredPromissoryNoteMember AAGI:WalterLubkinIIIMember 2019-11-25 2019-11-26 0001730773 AAGI:ThirtyNineMonthUnsecuredPromissoryNoteMember AAGI:WalterLubkinIIIMember 2021-01-01 2021-03-31 0001730773 AAGI:NewbridgeMember 2021-01-01 2021-03-31 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure utr:sqft Blue Star Foods Corp. 0001730773 10-Q 2021-03-31 false Non-accelerated Filer Q1 2021 --12-31 0.0001 0.0001 0.0001 0.0001 0.0001 0.0001 0.0001 0.0001 100000000 100000000 true true false 10000 2655292 138000 2800000 28258 -28259 1 1 28259 -28260 11975 14130 0.08 0.08 0.08 0.08 0.08 0.08 3534204 309000 4336132 0.0925 0.060 0.065 0.0325 0.0375 1021266 60000 Yes false Yes 2183112 4148398 170 291000 P20Y P3Y P5Y P20Y 0 5000000 1000000 20000 63500 40465 25000 10465 12500 5000 5000 96247 5 96242 96247 25250 24697 25000 28500 11800 2.00 2.30 10000 10000 1413 1413 1413 1413 445395 445395 19594888 17589705 -0.03 -0.05 19594888 17589705 -0.03 -0.05 14606 -506364 -878666 -478104 -850407 3240 76518 -444088 -576992 317398 446433 380596 409181 4794 66829 302779 423216 2485891 4571614 110534 276655 28260 28259 291038 276655 28260 28259 337687 146636 56445 195810 -191051 -139365 14606 -653675 -1998594 784450 2508585 2407538 -13230 13230 462624 1857853 -35269 -726066 -768896 45521 -23409 -15999 -1183922 -3053140 43090 146853 90 42327 40384 1085 9145 96247 30319 34846 70000 371944 -7123 -39064 14341 667 25988 19580721 19633161 19580721 19633161 55644 104633 282043 42003 1082468 718163 1832661 605649 1299984 1299984 176925 222446 4729725 2992878 455545 455545 20064 18979 99472 92386 788614 774448 1145831 1121792 29171 26672 1963616 1922912 108088 120139 1805907 780288 29337 29649 972500 972500 1299712 1346838 1311569 7256784 5574531 69844 62409 515000 485000 7841628 6419495 1958 1964 13488836 13643656 -13510517 -14016881 -19723 -371261 1761 8789021 -8952466 -161684 -358028 1958 13488836 -13510517 -19723 1762 8852125 -9831132 -977245 -346662 -1323907 1964 13643656 -14016881 -371261 -519712 7821905 6048234 30319 34846 34846 34846 30319 30319 -478104 -853647 -850407 -850407 -3240 -478104 -478104 14606 14606 2021-07-31 Revolving line of credit for a term of thirty-six months, renewable annually for one-year periods thereafter. 50000 16667 16667 16667 The advance rate of the revolving line of credit is 85% with respect to eligible accounts receivable and the lower of 60% of the Borrowers' eligible inventory, or 80% of the net orderly liquidation value, subject to an inventory sublimit of $2,500,000. The inventory portion of the loan will never exceed 50% of the outstanding balance. 1300000 1300000 3431250 2581653 1805000 14000000 0 Borrowing is based on up to 85% of eligible accounts receivable plus the net orderly liquidation value of eligible inventory at the same rate, subject to certain defined limitations. P5Y 25000 105000 The note bears interest at the rate of 4% per annum and is payable quarterly in an amount equal to the lesser of (i) $25,000 or (ii) 25% of the EBITDA of Coastal Pride, as determined on the first day of each quarter. During the nine months ended September 30, 2020, the Keeler & Co. and Coastal Pride were in violation of its minimum EBITDA covenant as well as exceeding the covenant related to monies advanced to Bacolod by approximately $105,000. 0.03 100000 1000000 872500 100000 100000 500000 71372 50786 100000 780288 100000 1299000 200000 87842 0.10 0.18 0.18 0.15 0.04 0.04 0.04 0.18 0.10 0.10 0.06 0.010 0.04 2021-03-31 2019-08-02 2020-03-31 2020-10-01 2020-12-31 2021-06-30 2021-11-30 The term of which was previously extended to March 31, 2020 after which time, on May 21, 2020, the Kenar Note was amended to (i) set the maturity date at March 31, 2021 (unless extended to September 30, 2021 at the Lender's sole option), (ii) provide that the Company use one-third of any capital raise from the sale of its equity to reduce the outstanding principal under the Kenar Note, (iii) set the interest rate at 18% per annum, payable monthly commencing October 1, 2020, and (iv) to reduce the number of pledged shares by Mr. Keeler to 4,000,000. As consideration for Kenar's agreement to amend the note, on May 27, 2020, the Company issued 1,021,266 shares of common stock to Kenar. The Lobo Note matured on August 2, 2019 and was extended through December 2, 2019 on the same terms and conditions. 2021-09-30 2019-12-02 4000000 1000000 2655292 4900 700 500 2400 315 38700 800 The note is payable in equal quarterly payments over six quarters beginning August 26, 2021. The note is payable in equal quarterly payments over six quarters beginning August 26, 2021. The Company may apply for forgiveness after August 17, 2021 and may be required to make monthly payments of approximately $8,500 beginning June 2, 2022. 2.00 2.00 2.00 P5Y 30319 34500 100000 63750 3810000 3746250 3810000 3431250 2.00 2.00 2.00 2.00 2.00 2.00 P7Y10M14D P7Y6M18D P7Y6M18D 721600 1235250 195000 225000 44079 77765 -478104 -850407 11366 371944 371944 8500 28137 7086 7123 P3Y1M24D 0.043 33552 26474 15060 100250 8192 92058 74389 297555 7821905 6048234 43730 8362 25164 2500000 25000 19600 174000 1413 17589705 1413 19580721 1413 17603835 1413 19633161 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Note 3. Going Concern</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying consolidated financial statements and notes have been prepared assuming the Company will continue as a going concern. For the three months ended March 31, 2021, the Company incurred a net loss of $478,104, has an accumulated deficit of $14,016,881 and working capital deficit of $2,581,653, with the current liabilities inclusive of $1,299,712 in stockholder loans that are subordinated to the provider of the working capital facility, and $29,649 in the current portion of the lease liability recognition. These circumstances raise substantial doubt as to the Company&#8217;s ability to continue as a going concern. The Company&#8217;s ability to continue as a going concern is dependent upon the Company&#8217;s ability to increase revenues, execute on its business plan to acquire complimentary companies, raise capital, and to continue to sustain adequate working capital to finance its operations. The consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Reclassifications</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Certain prior period amounts have been reclassified to conform to the current period presentation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 73.25pt; text-align: justify; text-indent: -72.9pt"><i>Advances to Suppliers and Related Party</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.35pt; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In the normal course of business, the Company may advance payments to its suppliers, inclusive of Bacolod Blue Star Export Corp. (&#8220;Bacolod&#8221;), a related party based in the Philippines. These advances are in the form of prepayments for products that will ship within a short window of time. In the event that it becomes necessary for the Company to return products or adjust for quality issues, the Company is issued a credit by the vendor in the normal course of business and these credits are also reflected against future shipments.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.9pt; text-align: justify; text-indent: -0.2pt">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.9pt; text-align: justify; text-indent: -0.2pt">As of March 31, 2021, and December 31, 2020, the balance due from the related party for future shipments was approximately $1,300,000. No new purchases have been made from Bacolod during the three months ended March 31, 2021. Cost of revenue related to inventories purchased from Bacolod represented approximately $170 and $291,000 of total cost of revenue for the three months ended March 31, 2021 and 2020, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The table below presents the lease-related assets and liabilities recorded on the balance sheets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 73.05pt; text-align: justify; text-indent: -1in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>March 31,</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>2021</b></p></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif"><b>Assets</b></font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 81%"><font style="font: 10pt Times New Roman, Times, Serif">Operating lease assets</font></td> <td style="width: 2%">&#160;</td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 15%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">92,386</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif"><b>Liabilities</b></font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Current</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Operating lease liabilities</font></td> <td>&#160;</td> <td><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">29,649</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Noncurrent</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Operating lease liabilities</font></td> <td>&#160;</td> <td><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">62,409</font></td> <td>&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.05pt; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Supplemental cash flow information related to leases were as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.05pt">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Three Months Ended</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>March 31, 2021</b></p></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Cash paid for amounts included in the measurement of lease liabilities:</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 80%; padding-left: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Operating cash flows from operating leases</font></td> <td style="width: 2%">&#160;</td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">7,123</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">ROU assets recognized in exchange for lease obligations:</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Operating leases</font></td> <td>&#160;</td> <td><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td>&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.05pt; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The table below presents the remaining lease term and discount rates for operating leases.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.05pt">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>March 31, 2021</b></font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif"><b>Weighted-average remaining lease term</b></font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Operating leases</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">3.15 years</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif"><b>Weighted-average discount rate</b></font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 81%; padding-left: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Operating leases</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 16%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">4.3</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.05pt; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Maturities of lease liabilities as of March 31, 2021, were as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Operating Leases</b></font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 78%"><font style="font: 10pt Times New Roman, Times, Serif">2021 (nine months remaining)</font></td> <td style="width: 2%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 18%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">25,164</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">2022</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">33,552</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">2023</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">26,474</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">2024</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">15,060</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">2025</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Thereafter</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Total lease payments</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">100,250</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Less: amount of lease payments representing interest</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(8,192</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Present value of future minimum lease payments</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">92,058</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Less: current obligations under leases</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(29,649</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Non-current obligations</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">62,409</font></td> <td>&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following table represents option activity for the three months ended March 31, 2021:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">Number of Options</font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">Weighted<br /> Average<br /> Exercise<br /> Price</font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">Weighted Average Remaining Contractual<br /> Life in<br /> Years</font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">Aggregate Intrinsic<br /> Value</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 44%"><font style="font: 10pt Times New Roman, Times, Serif">Outstanding &#8211; December 31, 2020</font></td> <td style="width: 2%">&#160;</td> <td style="border-bottom: black 2.25pt double; width: 1%">&#160;</td> <td style="border-bottom: black 2.25pt double; width: 11%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">3,810,000</font></td> <td style="width: 1%">&#160;</td> <td style="width: 2%">&#160;</td> <td style="border-bottom: black 2.25pt double; width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; width: 11%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">2.00</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="border-bottom: black 2.25pt double; width: 1%">&#160;</td> <td style="border-bottom: black 2.25pt double; width: 10%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">7.87</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 10%; text-align: right">&#160;</td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Exercisable &#8211; December 31, 2020</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">3,280,000</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">2.00</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">7.87</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">721,600</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Granted</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Forfeited</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(63,750</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">2.00</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Vested</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">3,431,250</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Outstanding &#8211; March 31, 2021</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">3,746,250</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">2.00</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">7.55</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Exercisable &#8211; March 31, 2021</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">3,431,250</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">2.00</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">7.55</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1,235,250</font></td> <td>&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> P7Y10M14D 4000000 1000000 The Purchase Price is subject to adjustment based upon the amount of TOBC's working capital on the closing date as determined in accordance with the SPA within 60 days after the closing. 1607490 881424 11975 28260 4756 1600 39504 227378 16460 105757 -364215 -149602 19772878 1299712 1299712 353250 2.40 P7M10D 0 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Note 1. Company Overview</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Blue Star Foods Corp. (&#8220;we&#8221;, &#8220;our&#8221;,&#160;the &#8220;Company&#8221;) is an international seafood company based in Miami, Florida that imports, packages and sells refrigerated pasteurized crab meat, and other premium seafood products. The Company&#8217;s main operating business, John Keeler &#38; Co., Inc. (&#8220;Keeler &#38; Co.&#8221;) was incorporated in the State of Florida in May 1995. The Company was formed under the laws of the State of Delaware. The Company&#8217;s current source of revenue is importing blue and red swimming crab meat primarily from Indonesia, Philippines and China and distributing it in the United States and Canada under several brand names such as Blue Star, Oceanica, Pacifika, Crab &#38; Go, First Choice, Good Stuff and Coastal Pride Fresh.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="background-color: white">On November 26, 2019, Keeler &#38; Co., a wholly-owned direct subsidiary of the Company, entered into an Agreement and Plan of Merger and Reorganization (the &#8220;Coastal Merger Agreement&#8221;) with Coastal Pride Company, Inc., a South Carolina corporation, Coastal Pride Seafood, LLC, a Florida limited liability company and newly-formed, wholly-owned subsidiary of the Purchaser (the &#8220;Acquisition Subsidiary&#8221; and, upon the effective date of the Merger, the &#8220;Surviving Company&#8221; or &#8220;Coastal Pride&#8221;), and The Walter F. Lubkin, Jr. Irrevocable Trust dated January 8, 2003 (the &#8220;Trust&#8221;), Walter F. Lubkin III (&#8220;Lubkin III&#8221;), Tracy Lubkin Greco (&#8220;Greco&#8221;) and John C. Lubkin (&#8220;Lubkin&#8221;), constituting all of the shareholders of Coastal Pride&#160;Company, Inc.&#160;immediately prior to the Coastal Merger (collectively, the &#8220;Sellers&#8221;). Pursuant to the terms of the Coastal Merger Agreement, Coastal Pride Company, Inc.&#160;merged with and into the Acquisition Subsidiary, with the Acquisition Subsidiary being the surviving company (the &#8220;Coastal Merger&#8221;).</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.2pt; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="background-color: white">Coastal Pride is a seafood company, based in Beaufort, South Carolina, that imports pasteurized and fresh crabmeat sourced primarily from Mexico and Latin America and sells premium branded label crabmeat throughout North America.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.7pt; text-align: justify"><b>Note 2. Basis of Presentation and Summary of Significant Accounting Policies</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 72.75pt; text-align: justify; text-indent: -72.75pt">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 72.75pt; text-align: justify; text-indent: -72.75pt"><i>Basis of Presentation</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.1pt; text-align: justify; text-indent: -1.1pt">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following unaudited interim consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (&#8220;SEC&#8221;). Accordingly, such interim financial statements do not include all the information and footnotes required by accounting principles generally accepted in the United States (&#8220;GAAP&#8221;) for complete annual financial statements. The information furnished reflects all adjustments, consisting only of normal recurring items which are, in the opinion of management, necessary in order to make the financial statements not misleading. The&#160;consolidated&#160;balance sheet as of December 31, 2020 has been derived from the Company&#8217;s annual financial statements that were audited by an independent registered public accounting firm but does not include all of the information and footnotes required for complete annual financial statements. These financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto which are included in our Annual Report on Form 10-K for the year ended December 31, 2020 filed with the SEC on April 15, 2021 for a broader discussion of our business and the risks inherent in such business.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.35pt; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Reclassifications</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Certain prior period amounts have been reclassified to conform to the current period presentation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 73.25pt; text-align: justify; text-indent: -72.9pt"><i>Advances to Suppliers and Related Party</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.35pt; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In the normal course of business, the Company may advance payments to its suppliers, inclusive of Bacolod Blue Star Export Corp. (&#8220;Bacolod&#8221;), a related party based in the Philippines. These advances are in the form of prepayments for products that will ship within a short window of time. In the event that it becomes necessary for the Company to return products or adjust for quality issues, the Company is issued a credit by the vendor in the normal course of business and these credits are also reflected against future shipments.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.9pt; text-align: justify; text-indent: -0.2pt">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.9pt; text-align: justify; text-indent: -0.2pt">As of March 31, 2021, and December 31, 2020, the balance due from the related party for future shipments was approximately $1,300,000. No new purchases have been made from Bacolod during the three months ended March 31, 2021. Cost of revenue related to inventories purchased from Bacolod represented approximately $170 and $291,000 of total cost of revenue for the three months ended March 31, 2021 and 2020, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.9pt; text-align: justify; text-indent: -0.2pt">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.35pt; text-align: justify"><i>Revenue Recognition</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.35pt; text-align: justify; text-indent: -9pt">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company recognizes revenue in accordance with Accounting Standards Codification (ASC) 606, Revenue from Contracts with Customers, as such, we record revenue when our customer&#160;obtains control of&#160;the&#160;promised goods or services in an amount that reflects the consideration which the Company expects to receive in exchange for those goods or services. The Company&#8217;s source of revenue is from importing blue and red swimming crab meat primarily from Indonesia, the Philippines and China and distributing it in the United States and Canada under several brand names such as Blue Star, Oceanica, Pacifika, Crab &#38; Go, First Choice, Good Stuff and Coastal Pride Fresh. The Company sells primarily to food service distributors. The Company also sells its products to wholesalers, retail establishments and seafood distributors.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">To determine revenue recognition for the arrangements that the Company determines are within the scope of Topic 606, the Company performs the following five steps: (1) identify the contract(s) with a customer by receipt of purchase orders and confirmations sent by the Company which includes a required line of credit approval process, (2) identify the performance obligations in the contract which includes shipment of goods to the customer FOB shipping point or destination, (3) determine the transaction price which initiates with the purchase order received from the customer and confirmation sent by the Company and will include discounts and allowances by customer if any, (4) allocate the transaction price to the performance obligations in the contract which is the shipment of the goods to the customer and transaction price determined in step 3 above and (5) recognize revenue when (or as) the entity satisfies a performance obligation which is when the Company transfers control of the goods to the customers by shipment or delivery of the products.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company elected an accounting policy to treat shipping and handling activities as fulfillment activities. Consideration payable to a customer is recorded as a reduction of the arrangement&#8217;s transaction price, thereby reducing the amount of revenue recognized, unless the payment is for distinct goods or services received from the customer.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 73.8pt; text-align: justify; text-indent: -72.4pt"><i>Lease Accounting</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.75pt; text-align: justify; text-indent: -0.35pt">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We account for our leases under ASC 842,&#160;<i>Leases</i>, which&#160;requires all leases to be reported on the balance sheet as right-of-use assets and lease obligations. We elected the practical expedients permitted under the transition guidance that retained the lease classification and initial direct costs for any leases that existed prior to adoption of the standard.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.4pt; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We categorize leases with contractual terms longer than twelve months as either operating or finance. Finance leases are generally those leases that would allow us to substantially utilize or pay for the entire asset over its estimated life. Assets acquired under finance leases are recorded in property and equipment, net. All other leases are categorized as operating leases. We did not have any finance leases as of&#160;March 31, 2021. Our leases generally have terms that range from three years for equipment and five to twenty years for property. We elected the accounting policy to include both the lease and non-lease components of our agreements as a single component and account for them as a lease.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.05pt; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Lease liabilities are recognized at the present value of the fixed lease payments using a discount rate based on similarly secured borrowings available to us. Lease assets are recognized based on the initial present value of the fixed lease payments, reduced by landlord incentives, plus any direct costs from executing the lease. Lease assets are tested for impairment in the same manner as long-lived assets used in operations. Leasehold improvements are capitalized at cost and amortized over the lesser of their expected useful life or the lease term.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.4pt; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">When we have the option to extend the lease term, terminate the lease before the contractual expiration date, or purchase the leased asset, and it is reasonably certain that we will exercise the option, we consider these options in determining the classification and measurement of the lease. Costs associated with operating lease assets are recognized on a straight-line basis within operating expenses over the term of the lease.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The table below presents the lease-related assets and liabilities recorded on the balance sheets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 73.05pt; text-align: justify; text-indent: -1in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>March 31,</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>2021</b></p></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif"><b>Assets</b></font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 81%"><font style="font: 10pt Times New Roman, Times, Serif">Operating lease assets</font></td> <td style="width: 2%">&#160;</td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 15%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">92,386</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif"><b>Liabilities</b></font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Current</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Operating lease liabilities</font></td> <td>&#160;</td> <td><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">29,649</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Noncurrent</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Operating lease liabilities</font></td> <td>&#160;</td> <td><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">62,409</font></td> <td>&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.05pt; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Supplemental cash flow information related to leases were as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.05pt">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Three Months Ended</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>March 31, 2021</b></p></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Cash paid for amounts included in the measurement of lease liabilities:</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 80%; padding-left: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Operating cash flows from operating leases</font></td> <td style="width: 2%">&#160;</td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">7,123</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">ROU assets recognized in exchange for lease obligations:</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Operating leases</font></td> <td>&#160;</td> <td><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td>&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.05pt; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The table below presents the remaining lease term and discount rates for operating leases.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.05pt">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>March 31, 2021</b></font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif"><b>Weighted-average remaining lease term</b></font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Operating leases</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">3.15 years</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif"><b>Weighted-average discount rate</b></font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 81%; padding-left: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Operating leases</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 16%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">4.3</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.05pt; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Maturities of lease liabilities as of March 31, 2021, were as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Operating Leases</b></font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 78%"><font style="font: 10pt Times New Roman, Times, Serif">2021 (nine months remaining)</font></td> <td style="width: 2%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 18%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">25,164</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">2022</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">33,552</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">2023</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">26,474</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">2024</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">15,060</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">2025</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Thereafter</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Total lease payments</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">100,250</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Less: amount of lease payments representing interest</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(8,192</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Present value of future minimum lease payments</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">92,058</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Less: current obligations under leases</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(29,649</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Non-current obligations</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">62,409</font></td> <td>&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 72.75pt; text-align: justify; text-indent: -72.75pt"><i>Basis of Presentation</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.1pt; text-align: justify; text-indent: -1.1pt">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following unaudited interim consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (&#8220;SEC&#8221;). Accordingly, such interim financial statements do not include all the information and footnotes required by accounting principles generally accepted in the United States (&#8220;GAAP&#8221;) for complete annual financial statements. The information furnished reflects all adjustments, consisting only of normal recurring items which are, in the opinion of management, necessary in order to make the financial statements not misleading. The&#160;consolidated&#160;balance sheet as of December 31, 2020 has been derived from the Company&#8217;s annual financial statements that were audited by an independent registered public accounting firm but does not include all of the information and footnotes required for complete annual financial statements. These financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto which are included in our Annual Report on Form 10-K for the year ended December 31, 2020 filed with the SEC on April 15, 2021 for a broader discussion of our business and the risks inherent in such business.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.35pt; text-align: justify"><i>Revenue Recognition</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.35pt; text-align: justify; text-indent: -9pt">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company recognizes revenue in accordance with Accounting Standards Codification (ASC) 606, Revenue from Contracts with Customers, as such, we record revenue when our customer&#160;obtains control of&#160;the&#160;promised goods or services in an amount that reflects the consideration which the Company expects to receive in exchange for those goods or services. The Company&#8217;s source of revenue is from importing blue and red swimming crab meat primarily from Indonesia, the Philippines and China and distributing it in the United States and Canada under several brand names such as Blue Star, Oceanica, Pacifika, Crab &#38; Go, First Choice, Good Stuff and Coastal Pride Fresh. The Company sells primarily to food service distributors. The Company also sells its products to wholesalers, retail establishments and seafood distributors.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">To determine revenue recognition for the arrangements that the Company determines are within the scope of Topic 606, the Company performs the following five steps: (1) identify the contract(s) with a customer by receipt of purchase orders and confirmations sent by the Company which includes a required line of credit approval process, (2) identify the performance obligations in the contract which includes shipment of goods to the customer FOB shipping point or destination, (3) determine the transaction price which initiates with the purchase order received from the customer and confirmation sent by the Company and will include discounts and allowances by customer if any, (4) allocate the transaction price to the performance obligations in the contract which is the shipment of the goods to the customer and transaction price determined in step 3 above and (5) recognize revenue when (or as) the entity satisfies a performance obligation which is when the Company transfers control of the goods to the customers by shipment or delivery of the products.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company elected an accounting policy to treat shipping and handling activities as fulfillment activities. Consideration payable to a customer is recorded as a reduction of the arrangement&#8217;s transaction price, thereby reducing the amount of revenue recognized, unless the payment is for distinct goods or services received from the customer.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 73.8pt; text-align: justify; text-indent: -72.4pt"><i>Lease Accounting</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.75pt; text-align: justify; text-indent: -0.35pt">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We account for our leases under ASC 842,&#160;<i>Leases</i>, which&#160;requires all leases to be reported on the balance sheet as right-of-use assets and lease obligations. We elected the practical expedients permitted under the transition guidance that retained the lease classification and initial direct costs for any leases that existed prior to adoption of the standard.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.4pt; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We categorize leases with contractual terms longer than twelve months as either operating or finance. Finance leases are generally those leases that would allow us to substantially utilize or pay for the entire asset over its estimated life. Assets acquired under finance leases are recorded in property and equipment, net. All other leases are categorized as operating leases. We did not have any finance leases as of&#160;March 31, 2021. Our leases generally have terms that range from three years for equipment and five to twenty years for property. We elected the accounting policy to include both the lease and non-lease components of our agreements as a single component and account for them as a lease.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.05pt; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Lease liabilities are recognized at the present value of the fixed lease payments using a discount rate based on similarly secured borrowings available to us. Lease assets are recognized based on the initial present value of the fixed lease payments, reduced by landlord incentives, plus any direct costs from executing the lease. Lease assets are tested for impairment in the same manner as long-lived assets used in operations. Leasehold improvements are capitalized at cost and amortized over the lesser of their expected useful life or the lease term.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.4pt; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">When we have the option to extend the lease term, terminate the lease before the contractual expiration date, or purchase the leased asset, and it is reasonably certain that we will exercise the option, we consider these options in determining the classification and measurement of the lease. Costs associated with operating lease assets are recognized on a straight-line basis within operating expenses over the term of the lease.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The table below presents the lease-related assets and liabilities recorded on the balance sheets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 73.05pt; text-align: justify; text-indent: -1in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>March 31,</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>2021</b></p></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif"><b>Assets</b></font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 81%"><font style="font: 10pt Times New Roman, Times, Serif">Operating lease assets</font></td> <td style="width: 2%">&#160;</td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 15%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">92,386</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif"><b>Liabilities</b></font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Current</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Operating lease liabilities</font></td> <td>&#160;</td> <td><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">29,649</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Noncurrent</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Operating lease liabilities</font></td> <td>&#160;</td> <td><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">62,409</font></td> <td>&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.05pt; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Supplemental cash flow information related to leases were as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.05pt">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Three Months Ended</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>March 31, 2021</b></p></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Cash paid for amounts included in the measurement of lease liabilities:</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 80%; padding-left: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Operating cash flows from operating leases</font></td> <td style="width: 2%">&#160;</td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">7,123</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">ROU assets recognized in exchange for lease obligations:</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Operating leases</font></td> <td>&#160;</td> <td><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td>&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.05pt; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The table below presents the remaining lease term and discount rates for operating leases.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.05pt">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>March 31, 2021</b></font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif"><b>Weighted-average remaining lease term</b></font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Operating leases</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">3.15 years</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif"><b>Weighted-average discount rate</b></font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 81%; padding-left: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Operating leases</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 16%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">4.3</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.05pt; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Maturities of lease liabilities as of March 31, 2021, were as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Operating Leases</b></font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 78%"><font style="font: 10pt Times New Roman, Times, Serif">2021 (nine months remaining)</font></td> <td style="width: 2%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 18%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">25,164</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">2022</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">33,552</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">2023</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">26,474</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">2024</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">15,060</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">2025</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Thereafter</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Total lease payments</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">100,250</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Less: amount of lease payments representing interest</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(8,192</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Present value of future minimum lease payments</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">92,058</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Less: current obligations under leases</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(29,649</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Non-current obligations</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">62,409</font></td> <td>&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Note&#160;4. Debt</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Working Capital Line of Credit</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="background-color: white">Keeler &#38; Co</font>&#160;entered into a $14,000,000 revolving line of credit, pursuant to a loan and security agreement with ACF Finco I, LP (&#8220;ACF&#8221;) on August 31, 2016, the proceeds of which were used to pay off the prior line of credit, pay new loan costs of approximately $309,000, and provide additional working capital to the Company. This facility is secured by all assets of Keeler &#38; Co. This facility was amended on November 18, 2016, June 19, 2017, October 16, 2017, September 19, 2018, November 8, 2018, July 29, 2019, November 26, 2019 and May 7, 2020.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The line of credit bears an interest rate equal to the greater of 3 Month LIBOR rate plus 9.25%, the Prime rate plus 6.0% or a fixed rate of 6.5%.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The ACF line of credit agreement is subject to the following terms:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 48px; text-align: justify">&#160;</td> <td style="width: 24px; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Borrowing is based on up to 85% of eligible accounts receivable plus the net orderly liquidation value of eligible inventory at the same rate, subject to certain defined limitations.</font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify">&#160;</td> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The line is collateralized by substantially all the assets and property of&#160;<font style="background-color: white">Keeler &#38; Co.</font>&#160;and is personally guaranteed by the stockholder of the Company.</font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify">&#160;</td> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The&#160;<font style="background-color: white">Keeler &#38; Co,</font>&#160;is restricted to specified distribution payments, use of funds, and is required to comply with certain other covenants including certain financial ratios.</font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify">&#160;</td> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">All cash received by&#160;<font style="background-color: white">Keeler &#38; Co.&#160;</font>is applied against the outstanding loan balance.</font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify">&#160;</td> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">A subjective acceleration clause allows ACF to call the note upon a material adverse change.</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="background-color: white">On November 26, 2019, Keeler &#38; Co. entered into the seventh amendment to the loan and security agreement with ACF. This amendment memorialized the acquisition of Coastal Pride and made Coastal Pride a co-borrower to the facility. Additionally, the seventh amendment waived and reset the covenant default that occurred during 2019, extended the term of the facility to 5 years</font>&#160;and is subject to early termination by the lender upon defined events of default. During the nine months ended September 30, 2020, the Keeler &#38; Co. and Coastal Pride were in violation of its minimum EBITDA covenant as well as exceeding the covenant related to monies advanced to Bacolod by approximately $105,000. The default interest rate increase of 3% was implemented in April 2020.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On May 7, 2020,&#160;<font style="background-color: white">Keeler &#38; Co.</font>&#160;and Coastal Pride entered into an eighth amendment to the loan and security agreement with ACF which acknowledged the execution of a Payroll Protection Program loan, provided a reservation of rights related to a default of the minimum EBITDA covenant.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company analyzed the Line of Credit modification under ASC 470-50-40-21 and determined that the modification did not trigger any additional accounting due to the revolving line of credit remaining unchanged.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of December 31, 2020, the line of credit had an outstanding balance of approximately $1,805,000. As of March 31, 2021, the line of credit had an outstanding balance of $0.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 31, 2021, Keeler &#38; Co. and Coastal Pride entered into a loan and security agreement (&#8220;Loan Agreement&#8221;) with Lighthouse pursuant to the terms of the Loan Agreement, Lighthouse made available to Keeler &#38; Co. and Coastal Pride (together, the &#8220;Borrowers&#8221;) a $5,000,000 revolving line of credit for a term of thirty-six months, renewable annually for one-year periods thereafter. Amounts due under the line of credit are represented by a revolving credit note issued to Lighthouse by the Borrowers.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The advance rate of the revolving line of credit is 85% with respect to eligible accounts receivable and the lower of 60% of the Borrowers&#8217; eligible inventory, or 80% of the net orderly liquidation value, subject to an inventory sublimit of $2,500,000. The inventory portion of the loan will never exceed 50% of the outstanding balance. Interest on the line of credit is the prime rate (with a floor of 3.25%), plus 3.75%. The Borrowers will pay Lighthouse a facility fee of $50,000 in three instalments of $16,667 in March, April and May 2021 and will pay an additional facility fee of $25,000 on each anniversary of March 31, 2021.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The line of credit is secured by a first priority security interest on all the assets of each Borrower. Pursuant to the terms of a guaranty agreement, the Company guaranteed the obligations of the Borrowers under the note and John Keeler, Executive Chairman and Chief Executive Officer of the Company, provided a personal guaranty of up to $1,000,000 to Lighthouse.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Borrowers utilized $784,450 borrowed from Lighthouse to repay all the outstanding indebtedness owed to the ACF as of March 31, 2021. As a result, all obligations owed to ACF were satisfied and the loan agreement with ACF was terminated.&#160;The outstanding balance owed to Lighthouse as of March 31, 2021 amounted to $780,288.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>John Keeler Promissory&#160;Notes &#8211; Subordinated</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.3pt">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company had unsecured promissory notes outstanding to its stockholder of approximately $1,299,000 of principal and interest expense of $19,600 and $174,000 as of March 31, 2021 and December 31, 2020, respectively. These notes are payable on demand, bear an annual interest rate of 6% and were subordinated to the ACF working capital line of credit until March 31, 2021. Since March 31, 2021, these notes are subordinated to the Lighthouse note. No principal payments were made by the Company during the three months ended March 31, 2021.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Kenar Note</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 26, 2019, the Company issued a four-month unsecured promissory note in the principal amount of $1,000,000 (the &#8220;Kenar Note&#8221;) to a company controlled by a shareholder, Kenar Overseas Corp., a company registered in Panama (the &#8220;Lender&#8221;) the term of which was previously extended to March 31, 2020 after which time, on May 21, 2020, the Kenar Note was amended to (i) set the maturity date at March 31, 2021 (unless extended to September 30, 2021 at the Lender&#8217;s sole option), (ii) provide that the Company use one-third of any capital raise from the sale of its equity to reduce the outstanding principal under the Kenar Note, (iii) set the interest rate at 18% per annum, payable monthly commencing October 1, 2020, and (iv) to reduce the number of pledged shares by Mr. Keeler to 4,000,000. As consideration for Kenar&#8217;s agreement to amend the note, on May 27, 2020, the Company issued 1,021,266 shares of common stock to Kenar. As of the amendment date, the common stock had a value of $2,655,292.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The amendment to the Kenar Note was analyzed under ASC 470-50 and was determined that it will be accounted for as an extinguishment of the old debt and the new debt recorded at fair value with the new effective interest rate of 18%. Additionally, this treatment resulted in the cost of the modification paid in common stock with a value of $2,655,292 charged to other expense as of the date of the amendment.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The principal amount of the Kenar Note at March 31, 2021 was $872,500. Interest expense was approximately $38,700 during the three months ended March 31, 2021.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 28, 2021, the Kenar Note was amended to extend the maturity date to May 31, 2021.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Lobo Note</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 2, 2019, the Company issued a four-month unsecured promissory note in the principal amount of $100,000 (the &#8220;Lobo Note&#8221;) to Lobo Holdings, LLLP, a stockholder in the Company (&#8220;Lobo&#8221;). The Lobo Note bears interest at the rate of 18% per annum. The Lobo Note may be prepaid in whole or in part without penalty. John Keeler, the Company&#8217;s Executive Chairman and Chief Executive Officer, pledged 1,000,000 shares of common stock of the Company to secure the Company&#8217;s obligations under the Lobo Note. The Lobo Note matured on August 2, 2019 and was extended through December 2, 2019 on the same terms and conditions. On November 15, 2019, the Company paid off the Lobo Note with the issuance to Lobo of an unsecured promissory note in the principal amount of $100,000 which bears interest at the rate of 15% and matured on March 31, 2020. On April 1, 2020, the Company paid off the November 15, 2019 note with the issuance of a six-month unsecured promissory note in the principal amount of $100,000 which accrued interest at the rate of 10% and matured on October 1, 2020. On October 1, 2020, the Company paid off the April 1, 2020 note with the issuance of a three-month unsecured promissory note in the principal amount of $100,000, which accrued interest at the rate of 10% and matured on December 31, 2020. On January 1, 2021, the Company paid off the October 1, 2020 note with the issuance of a six-month unsecured promissory note in the principal amount of $100,000, which bears interest at the rate of 10% per annum and matures on June 30, 2021.This note may be prepaid in whole or in part without penalty. Interest expense was approximately $2,400 during the three months ended March 31, 2021.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Walter Lubkin Jr.&#160;Note &#8211; Subordinated</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On November 26, 2019, the Company issued a five-year unsecured promissory note in the principal amount of $500,000 to Walter Lubkin Jr. as part of the purchase price for the Coastal Pride acquisition. The note bears interest at the rate of 4% per annum and is payable quarterly in an amount equal to the lesser of (i) $25,000 or (ii) 25% of the EBITDA of Coastal Pride, as determined on the first day of each quarter. To date, no payments have been made under the note since the EBITDA generated by Coastal Pride has not required such payment. This note is subordinate to the working capital line of credit. Principal payments are permitted so long as the borrower is not in default of its working capital line of credit. No principal payments were made by the Company during the three months ended March 31, 2021. Interest expense was approximately $4,900 during the three months ended March 31, 2021.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Walter Lubkin III Convertible&#160;Note &#8211; Subordinated</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On November 26, 2019, the Company issued a thirty-nine-month unsecured promissory note in the principal amount of $87,842 to Walter Lubkin III as part the purchase price for the Coastal Pride acquisition. The note bears interest at the rate of 4% per annum. The note is payable in equal quarterly payments over six quarters beginning August 26, 2021. At the election of the holder, at any time after the first anniversary of the issuance of the note, the then outstanding principal and accrued interest may be converted into the Company&#8217;s common stock at a rate of $2.00 per share. This note is subordinated to the working capital line of credit. Principal payments are permitted so long as the borrower is not in default of its working capital line of credit. No principal payments were made by the Company during the three months ended March 31, 2021. Interest expense was approximately $800 during the three months ended March 31, 2021.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Tracy Greco Convertible&#160;Note &#8211; Subordinated</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On November 26, 2019, the Company issued a thirty-nine-month unsecured promissory note in the principal amount of $71,372 to Tracy Greco as part of the purchase price for the Coastal Pride acquisition. The note bears interest at the rate of 4% per annum. The note is payable in equal quarterly payments over six quarters beginning August 26, 2021. At the election of the holder, at any time after the first anniversary of the issuance of the note, the then outstanding principal and accrued interest may be converted into the Company&#8217;s common stock at a rate of $2.00 per share. This note is subordinated to the working capital line of credit. Principal payments are permitted so long as the borrower is not in default of its working capital line of credit. No principal payments were made by the Company during the three months ended March 31, 2021. Interest expense was approximately $700 during the three months ended March 31, 2021.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>John Lubkin Convertible Note &#8211; Subordinated</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On November 26, 2019, the Company issued a thirty-nine-month unsecured promissory note in the principal amount of $50,786 to John Lubkin as part the Coastal Pride acquisition. The note bears interest at the rate of 4% per annum. The note is payable in equal quarterly payments over six quarters beginning August 26, 2021. At the election of the holder, at any time after the first anniversary of the issuance of the note, the then outstanding principal and accrued interest may be converted into the Company&#8217;s common stock at a rate of $2.00 per share. This note is subordinated to the working capital line of credit. Principal payments are permitted so long as the borrower is not in default of its working capital line of credit. No principal payments were made by the Company during the three months ended March 31, 2021. Interest expense was approximately $500 during the three months ended March 31, 2021.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Payroll Protection Program Loan</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 2, 2021, the Company received proceeds of $371,944 and issued an unsecured promissory note to US Century in the principal amount of $371,944 in connection with a PPP Loan. The note accrues interest at 1.0% per annum, matures five years from the date of issuance and is fully guaranteed by the SBA and may be forgiven provided certain criteria are met. The Company may apply for forgiveness after August 17, 2021 and may be required to make monthly payments of approximately $8,500 beginning June 2, 2022. As of March 31, 2021, the Company recorded interest expense of approximately $315.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Note&#160;5. Common Stock</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On July 1, 2020, the Company entered into an investment banking engagement agreement as amended on October 30, 2020, with Newbridge Securities Corporation. In consideration for advisory services, the Company agreed to issue Newbridge&#160;a total of 60,000 shares of common stock with a fair value of $138,000 which is amortized to expense over the term of the agreement. The Company recognized stock compensation expense of $34,500 for the three months ended March 31, 2021 in connection with these shares.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On February 8, 2021, the Company issued 25,000 shares&#160;of common stock with a fair value of&#160;$25,250 to an investor relations firm for services provided to the Company under an investor relations consulting agreement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 30, 2021, the Company issued 10,465 shares of common stock&#160;with a fair value of&#160;$24,697 to the designee of a law firm for services provided to the Company.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 31, 2021, the Company issued 5,000 shares&#160;of common stock with a fair value of&#160;$11,800 to an investor relations firm for services provided to the Company under an investor relations consulting agreement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 31, 2021, the Company issued 11,975 shares of common stock to Series A preferred stockholders as a common stock dividend with an aggregate&#160;fair&#160;value of $28,260 for the&#160;three months&#160;ended March 31, 2021.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Note&#160;6. Options</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following table represents option activity for the three months ended March 31, 2021:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">Number of Options</font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">Weighted<br /> Average<br /> Exercise<br /> Price</font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">Weighted Average Remaining Contractual<br /> Life in<br /> Years</font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">Aggregate Intrinsic<br /> Value</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 44%"><font style="font: 10pt Times New Roman, Times, Serif">Outstanding &#8211; December 31, 2020</font></td> <td style="width: 1%">&#160;</td> <td style="border-bottom: black 2.25pt double; width: 1%">&#160;</td> <td style="border-bottom: black 2.25pt double; width: 10%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">3,810,000</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="border-bottom: black 2.25pt double; width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; width: 10%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">2.00</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="border-bottom: black 2.25pt double; width: 1%">&#160;</td> <td style="border-bottom: black 2.25pt double; width: 14%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">7.87</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 10%; text-align: right">&#160;</td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Exercisable &#8211; December 31, 2020</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">3,280,000</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">2.00</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">7.87</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">721,600</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Granted</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Forfeited</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(63,750</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">2.00</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Vested</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">3,431,250</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Outstanding &#8211; March 31, 2021</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">3,746,250</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">2.00</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">7.55</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">Exercisable &#8211; March 31, 2021</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">3,431,250</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">2.00</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">7.55</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1,235,250</font></td> <td>&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 31, 2021, the Company recognized $30,319 of compensation expense for vested stock options issued to contractors and employees during 2019.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Note&#160;7. Warrants</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">There was no warrant activity for the three months ended March 31, 2021.&#160;As of March 31, 2021, the Company had warrants to purchase an aggregate of 353,250 shares outstanding with a weighted average exercise price of $2.40, a weighted average remaining term of 0.61 years and an intrinsic value of $0.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Note&#160;8. Commitment and Contingencies</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Office lease</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company leased its Miami office and warehouse facility from JK Real Estate, a related party through common family beneficial ownership. The lease which had a 20-year term, expiring in July 2021, was terminated on December 31, 2020, upon the sale of the facility. In connection with the sale, the Company&#160;retained&#160;approximately 4,756 square feet of such space, rent-free for the next 12 months.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company leases approximately 1,600 square feet in Beaufort, South Carolina for the offices of Coastal Pride. This office space consists of two leases with related parties that expire in 2024.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.35pt; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Rental and equipment lease expenses amounted to approximately $20,000 and $63,500 for the three months ended March 31, 2021 and 2020, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>&#160;</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Legal</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has reached a settlement agreement with a former employee. Although the agreement is not finalized the Company has reserved for the entire amount of the settlement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Note&#160;9. COVID-19 Pandemic</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 11, 2020, the World Health Organization declared that the novel coronavirus (COVID-19) had become a pandemic, and on March 13, 2020, the U.S. President declared a National Emergency concerning the disease. Additionally, in March 2020, state governments in the Company&#8217;s geographic operating area began instituting preventative shut down measures in order to combat the novel coronavirus pandemic. The coronavirus and actions taken to mitigate the spread of it have had and are expected to continue to have an adverse impact on the economies and financial markets of the geographical areas in which the Company operates. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was enacted to amongst other provisions, provide emergency assistance for individuals, families and businesses affected by the novel coronavirus pandemic for 2020 and into 2021. The Company&#8217;s business not being deemed essential resulted in decreased financial performance that may not be indicative of future financial results. Government-mandated closures of businesses and shipping delays have affected our sales and inventory purchases. The Company continues to face uncertainty and increased risks concerning its employees, customers, supply chain and government regulation. In April 2021, the U.S. government has made available the COVID-19 vaccine to most of its population to aid with the pandemic but the long-term effects of this development are yet to be seen. The Company&#8217;s sales and supply may continue to be adversely affected due to COVID-19 and plans continue to be developed to ensure a prompt response is given to address the effects of the pandemic.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Note&#160;10. Subsequent Events</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 12, 2021, the Company granted each director an option to purchase 100,000 shares of common stock at an exercise price of $2.00 per share, which option vests in equal monthly installments over the course of the applicable year and will expire three years from the date they are fully vested. In the event the Director ceases to be a member of the Board prior to the end of any year of service, all unvested stock options will be forfeited. The stock options granted to the Directors shall be exercisable only on a cash basis and will expire three years from the date they are fully vested.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 15, 2021, the Company issued an aggregate of 16,460 shares of common stock to Walter Lubkin Jr., Walter Lubkin III, Tracy Greco and John Lubkin (collectively, the &#8220;Coastal Sellers&#8221;) in lieu of $39,504 of outstanding interest under promissory notes issued by the Company to the Coastal Sellers in connection with the Coastal Pride acquisition.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 19, 2021, the Company issued 12,500 shares of common stock&#160;with a fair value of $25,000&#160;to the designee of a law firm for services provided.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 27, 2021, the Company entered into a stock purchase agreement (the &#8220;SPA&#8221;) with Taste of BC Aquafarms Inc., a corporation formed under the laws of the Province of British Columbia, Canada (&#8220;TOBC&#8221;), and Steve Atkinson and Janet Atkinson (the &#8220;Sellers&#8221;), the owners of all of the capital stock of TOBC (the &#8220;Shares&#8221;). Pursuant to the terms of the SPA, the Company will acquire all of the Shares from the Sellers for an aggregate purchase price of CAD$4,000,000 (the &#8220;Purchase Price&#8221;) to be paid to the Sellers at closing as follows: (i) CAD$1,000,000 in cash, pro rata with each Seller&#8217;s ownership of TOBC (ii) by the issuance to each Seller of a non-interest bearing promissory note in the aggregate principal amount of CAD$200,000, with a maturity date of November 30, 2021, with the principal amount of each note to be pro rata with each Seller&#8217;s ownership of TOBC, and secured by a Company guarantee and a general security agreement creating a security interest over certain assets of the Company, and (iii) by the issuance of CAD$2,800,000 shares of the Company&#8217;s common stock, par value $0.0001 per share (&#8220;Common Stock&#8221;), calculated based on the volume weighted average price of a share of Common Stock on the OTC Markets from April 28, 2020 through the closing date (provided the price used to determine the number of shares is not be less than USD$2.00 or more than USD$2.30), with each Seller receiving Common Stock pro rata with each Seller&#8217;s ownership of TOBC. The Purchase Price is subject to adjustment based upon the amount of TOBC&#8217;s working capital on the closing date as determined in accordance with the SPA within 60 days after the closing. The closing and consummation of the transactions contemplated by the SPA is also subject to certain closing conditions and deliveries.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 29, 2021, the Company issued 105,757 shares&#160;of common stock&#160;to Kenar Overseas Corp. in lieu of $227,378 of outstanding interest under the Kenar Note.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 30, 2021, the Company issued 5,000 shares of common stock&#160;with a fair value of $28,500&#160;to an investor relations firm for services provided to the Company under an investor relations consulting agreement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Loan Amendment</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 0">On April 28, 2021, the Company entered into a second loan amendment (the &#8220;Second Loan Amendment&#8221;) with Kenar to extend the maturity date of the Kenar Note to May 31, 2021.</p> EX-101.SCH 7 aagi-20210331.xsd XBRL SCHEMA FILE 00000001 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 00000002 - Statement - Consolidated Balance Sheets link:presentationLink link:calculationLink link:definitionLink 00000003 - Statement - Consolidated Balance Sheets (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000004 - Statement - Consolidated Statements of Operations and Comprehensive Loss (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000005 - Statement - Consolidated Statements of Changes in Stockholders' Deficit (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000006 - Statement - Consolidated Statements of Changes in Stockholders' Deficit (Unaudited) (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000007 - Statement - Consolidated Statements of Cash Flows (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000008 - Statement - Consolidated Statements of Cash Flows (Unaudited) (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000009 - Disclosure - Company Overview link:presentationLink link:calculationLink link:definitionLink 00000010 - Disclosure - Basis of Presentation and Summary of Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 00000011 - Disclosure - Going Concern link:presentationLink link:calculationLink link:definitionLink 00000012 - Disclosure - Debt link:presentationLink link:calculationLink link:definitionLink 00000013 - Disclosure - Common Stock link:presentationLink link:calculationLink link:definitionLink 00000014 - Disclosure - Options link:presentationLink link:calculationLink link:definitionLink 00000015 - Disclosure - Warrants link:presentationLink link:calculationLink link:definitionLink 00000016 - Disclosure - Commitment and Contingencies link:presentationLink link:calculationLink link:definitionLink 00000017 - Disclosure - COVID-19 Pandemic link:presentationLink link:calculationLink link:definitionLink 00000018 - Disclosure - Subsequent Events link:presentationLink link:calculationLink link:definitionLink 00000019 - Disclosure - Basis of Presentation and Summary of Significant Accounting Policies (Policies) link:presentationLink link:calculationLink link:definitionLink 00000020 - Disclosure - Basis of Presentation and Summary of Significant Accounting Policies (Tables) link:presentationLink link:calculationLink link:definitionLink 00000021 - Disclosure - Options (Tables) link:presentationLink link:calculationLink link:definitionLink 00000022 - Disclosure - Basis of Presentation and Summary of Significant Accounting Policies (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000023 - Disclosure - Basis of Presentation and Summary of Significant Accounting Policies - Schedule of Lease-related Assets and Liabilities (Details) link:presentationLink link:calculationLink link:definitionLink 00000024 - Disclosure - Basis of Presentation and Summary of Significant Accounting Policiess - Schedule of Supplemental Cash Flow Information Related to Leases (Details) link:presentationLink link:calculationLink link:definitionLink 00000025 - Disclosure - Basis of Presentation and Summary of Significant Accounting Policies - Schedule of Remaining Lease Term and Discount Rates for Operating Leases (Details) link:presentationLink link:calculationLink link:definitionLink 00000026 - Disclosure - Basis of Presentation and Summary of Significant Accounting Policies - Schedule of Maturities of Lease Liabilities (Details) link:presentationLink link:calculationLink link:definitionLink 00000027 - Disclosure - Going Concern (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000028 - Disclosure - Debt (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000029 - Disclosure - Common Stock (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000030 - Disclosure - Options (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000031 - Disclosure - Options - Schedule of Option Activity (Details) link:presentationLink link:calculationLink link:definitionLink 00000032 - Disclosure - Warrants (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000033 - Disclosure - Commitment and Contingencies (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000034 - Disclosure - Subsequent Events (Details Narrative) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 8 aagi-20210331_cal.xml XBRL CALCULATION FILE EX-101.DEF 9 aagi-20210331_def.xml XBRL DEFINITION FILE EX-101.LAB 10 aagi-20210331_lab.xml XBRL LABEL FILE Equity Components [Axis] Series A 8% Cumulative Convertible Preferred Stock [Member] Related Party [Axis] ACF Finco I, LP [Member] Variable Rate [Axis] London Interbank Offered Rate (LIBOR) [Member] Prime Rate [Member] Fixed Rate [Member] Class of Stock [Axis] Series A Preferred Stock [Member] Common Stock [Member] Additional Paid-in Capital [Member] Accumulated Deficit [Member] Total Blue Star Foods Corp. Stockholders' Deficit [Member] Non-Controlling Interest [Member] Debt Instrument [Axis] Four Month Unsecured Promissory Notes [Member] Legal Entity [Axis] Lobo Holdings, LLC [Member] Kenar Note [Member] Kenar Overseas Corp [Member] Lobo Note [Member] Five Year Unsecured Promissory Note [Member] Title of Individual [Axis] Walter Lubkin Jr [Member] Thirty-Nine Month Unsecured Promissory Note [Member] Tracy Greco [Member] John Lubkin [Member] Bacolod Blue Star Export Corp. [Member] Type of Arrangement and Non-arrangement Transactions [Axis] Loan and Security Agreement [Member] Keeler & Co and Coastal Pride [Member] Lighthouse Financial Corp [Member] Six-Month Promissory Note [Member] Scenario [Axis] Forecast [Member] Payroll Protection Program Loan [Member] Series A Common Stock [Member] Property, Plant and Equipment, Type [Axis] Equipment [Member] Property [Member] Range [Axis] Minimum [Member] Maximum [Member] Award Date [Axis] March, 2021 [Member] April, 2021 [Member] May, 2021 [Member] John Keeler & Executive Chairman & Chief Executive Officer [Member] John Keeler & Co., Inc. [Member] Promissory Notes - Subordinated [Member] Newbridge [Member] Investor Relations Consulting Agreement [Member] Series A Preferred Stock [Member] Subsequent Event Type [Axis] Subsequent Event [Member] Director [Member] Coastal Pride Company, Inc [Member] Designee [Member] Stock Purchase Agreement [Member] Taste of BC Aquafarms Inc [Member] Walter Lubkin III [Member] Cover [Abstract] Entity Registrant Name Entity Central Index Key Document Type Document Period End Date Amendment Flag Current Fiscal Year End Date Entity Current Reporting Status Entity Interactive Data Current Entity Filer Category Entity Small Business Flag Entity Emerging Growth Company Entity Ex Transition Period Entity Shell Company Entity Common Stock, Shares Outstanding Document Fiscal Period Focus Document Fiscal Year Focus Statement of Financial Position [Abstract] ASSETS CURRENT ASSETS Cash and cash equivalents Restricted Cash Accounts Receivable, net Inventory, net Advances to related party Other current assets Total Current Assets RELATED PARTY LONG-TERM RECEIVABLE FIXED ASSETS, net RIGHT OF USE ASSET INTANGIBLE ASSETS, net Trademarks Customer relationships Non-compete agreements Total Intangible Assets GOODWILL OTHER ASSETS TOTAL ASSETS LIABILITIES AND STOCKHOLDERS' DEFICIT CURRENT LIABILITIES Accounts payable and accruals Working capital line of credit Current maturities of long-term debt Current maturities of lease liabilities Current maturities of related party long-term notes Related party notes payable Related party notes payable - Subordinated Other current liabilities Total Current Liabilities LONG -TERM LIABILITIES Long-term lease liability Payroll protection program loan Related party long-term notes TOTAL LIABILITIES STOCKHOLDERS' DEFICIT Series A 8% cumulative convertible preferred stock, $0.0001 par value; 10,000 shares authorized, 1,413 shares issued and outstanding as of March 31, 2021, and December 31, 2020 Common stock, $0.0001 par value, 100,000,000 shares authorized; 19,633,161 shares issued and outstanding as of March 31, 2021, and 19,580,721 shares issued and outstanding as of December 31, 2020 Additional paid-in capital Accumulated deficit TOTAL STOCKHOLDERS' DEFICIT TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT Statement [Table] Statement [Line Items] Cash and Cash Equivalents [Axis] Concentration Risk Benchmark [Axis] Category of Item Purchased [Axis] Balance Sheet Location [Axis] Extinguishment of Debt [Axis] Preferred stock, par value Preferred stock, shares authorized Preferred stock, shares issued Preferred stock, shares outstanding Preferred stock dividend percentage Common stock, par value Common stock, shares authorized Common stock, shares issued Common stock, shares outstanding Income Statement [Abstract] REVENUE, NET COST OF REVENUE GROSS PROFIT COMMISSIONS SALARIES AND WAGES DEPRECIATION AND AMORTIZATION OTHER OPERATING EXPENSES LOSS FROM OPERATIONS OTHER INCOME INTEREST EXPENSE NET LOSS LESS: NET LOSS ATTRIBUTABLE TO NON-CONTROLLING INTEREST NET LOSS ATTRIBUTABLE TO BLUE STAR FOODS CORP. DIVIDEND ON PREFERRED STOCK NET LOSS ATTRIBUTABLE TO BLUE STAR FOODS CORP COMMON STOCKHOLDERS COMPREHENSIVE LOSS: TRANSLATION ADJUSTMENT ATTRIBUTABLE TO NON-CONTROLLING INTEREST COMPREHENSIVE INCOME ATTRIBUTABLE TO NON-CONTROLLING INTEREST COMPREHENSIVE LOSS ATTRIBUTABLE TO BLUE STAR FOODS CORP. Loss per basic and diluted common share: Basic net loss per common share Basic weighted average common shares outstanding Fully diluted net loss per common share Fully diluted weighted average common shares outstanding Balance Balance, shares Stock based compensation Series A preferred 8% dividend issued in common stock Series A preferred 8% dividend issued in common stock, shares Common stock issued for service Common stock issued for service, shares Net Loss Comprehensive Income Balance Balance, shares Statement of Cash Flows [Abstract] CASH FLOWS FROM OPERATING ACTIVITIES: Adjustments to reconcile net loss to net cash provided in operating activities: Stock based compensation Common stock issued for service Depreciation of fixed assets Amortization of right of use asset Amortization of intangible assets Amortization of loan costs Deferred taxes Lease expense Bad debt expense Allowance for inventory obsolescence Changes in operating assets and liabilities: Accounts receivables Inventories Advances to affiliated supplier Other current assets Right of use liability Other assets Accounts payable and accruals Other current liabilities Net Cash Provided by Operating Activities CASH FLOWS FROM INVESTING ACTIVITIES: Purchases of fixed assets Net Cash Used in Investing Activities CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from working capital line of credit Proceeds from PPP loan Repayments of working capital line of credit Payments of loan costs Net Cash Used in Financing Activities Effect of Exchange Rate Changes on Cash NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH CASH, CASH EQUIVALENTS AND RESTRICTED CASH - BEGINNING OF PERIOD CASH, CASH EQUIVALENTS AND RESTRICTED CASH - END OF PERIOD SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITY Series A preferred 8% dividend issued in common stock Operating lease assets recognized in exchange for operating lease liabilities Supplemental Disclosure of Cash Flow Information Cash paid for interest Preferred stock, dividend percentage Organization, Consolidation and Presentation of Financial Statements [Abstract] Company Overview Accounting Policies [Abstract] Basis of Presentation and Summary of Significant Accounting Policies Going Concern Debt Disclosure [Abstract] Debt Equity [Abstract] Common Stock Share-based Payment Arrangement [Abstract] Options Warrants and Rights Note Disclosure [Abstract] Warrants Commitments and Contingencies Disclosure [Abstract] Commitment and Contingencies Covid-19 Pandemic COVID-19 Pandemic Subsequent Events [Abstract] Subsequent Events Basis of Presentation Reclassifications Advances to Suppliers and Related Party Revenue Recognition Lease Accounting Schedule of Lease-related Assets and Liabilities Schedule of Supplemental Cash Flow Information Related to Leases Schedule of Remaining Lease Term and Discount Rates for Operating Leases Schedule of Maturities of Lease Liabilities Schedule of Option Activity Long-Lived Tangible Asset [Axis] Statistical Measurement [Axis] Impairment of finite-lived intangibles and goodwill Due from related party for future shipments Cost of revenue Lease term Operating lease assets Operating lease liabilities - Current Operating lease liabilities - Noncurrent Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases ROU assets recognized in exchange for lease obligations: Operating leases Weighted-average remaining lease term, Operating leases Weighted-average discount rate, Operating leases 2021 (nine months remaining) 2022 2023 2024 2025 Thereafter Total lease payments Less: amount of lease payments representing interest Present value of future minimum lease payments Less: current obligations under leases Non-current obligations Net loss Working capital deficit Subordinated stockholder debt Current portion of lease liability Collaborative Arrangement and Arrangement Other than Collaborative [Axis] Series [Axis] Revolving line of credit Repayment of new loan Line of credit, interest rate Line of credit, description Line of credit, term Debt EBITDA covenant EBITDA covenant, description Increase default interest rate Amount of revolving line of credit Line of credit facility, revolving credit conversion to term loan, description Interest rate description Inventory sublimit Line of credit facility fee Line of credit facility additional annual fee Proceeds from Related Party Debt instrument, face amount Debt instrument, interest expense Debt instrument, interest rate Debt instrument, principal payments Debt maturity date Description on maturity date Extended maturity date Number of shares pledged to secure company's obligation Issuance of common stock, shares Issuance of common stock Other expenses Interest expenses Debt instrument, description Conversion rate Proceeds from issuance of unsecured promissory note Principal amount Debt instrument, term Debt instrument, monthly payments Number of shares issued Fair value of common stock Stock compensation expense Stock issued during period, shares, issued for services Stock issued during period, value, issued for services Common stock dividends, shares Common stock dividends Compensation expense Number of Options, Outstanding beginning Number of Options, Exercisable beginning Number of Options, Granted Number of Options, Forfeited Number of Options, Vested Number of Options, Outstanding ending Number of Options, Exercisable ending Weighted Average Exercise Price, Outstanding beginning Weighted Average Exercise Price, Exercisable beginning Weighted Average Exercise Price, Granted Weighted Average Exercise Price, Forfeited Weighted Average Exercise Price, Vested Weighted Average Exercise Price, Outstanding ending Weighted Average Exercise Price, Exercisable ending Weighted Average Remaining Contractual Life in Years, Outstanding beginning Weighted Average Remaining Contractual Life in Years, Exercisable beginning Weighted Average Remaining Contractual Life in Years, Outstanding ending Weighted Average Remaining Contractual Life in Years, Exercisable ending Aggregate Intrinsic value, Exercisable beginning Aggregate Intrinsic value, Exercisable ending Warrant to purchase shares outstanding Weighted average exercise price Weighted average remaining term Intrinsic value Lease expiration Mortgage amount Area of land Rental and equipment lease expenses Number of shares granted to purchase of common stock shares Exercise price per share Stock isssued during the period for debt, shares Stock isssued during the period for debt Number of stock issued for services Number of stock issued for services, value Payments to acquire businesses net of cash acquired Issuance of non-interest bearing promissory note face value Debt instrument maturity date Stock issued during period, value, new issues Common stock, par or stated value per share Business acquisitions purchase price allocation year of acquisition description Shares issued price per share ACF Finco I LP [Member] Advances to Suppliers and Related Party [Policy Text Block] Allowance for inventory obsolescence. Bacolod Blue Star Export Corp. [Member] John Keeler &amp; Executive Chairman &amp; Chief Executive Officer [Member] Board of Directors [Member] Christopher Constable [Member] Coastal Pride Company, Inc [Member] Coastal Pride Seafood, LLC. [Member] Contractors [Member] COVID-19 pandemic [Text Block]. Current maturities of related party long-term notes. Debt EBITDA covenant. Extended maturity date. 8% Series A Convertible Preferred Stock [Member] Employees [Member] Five Year Unsecured Promissory Note [Member] Fixed Rate [Member] Four Month Unsecured Promissory Notes [Member] Increase decrease in Right of Use Liability. Amount of increase (decrease) in assets classified as other. Inventory sublimit. John Keeler &amp;amp;amp;amp;amp; Co., Inc. [Member] John Keeler [Member] John Lubkin [Member] Keeler &amp; Co and Coastal Pride [Member] Kenar Note [Member] Kenar Overseas Corp [Member] Legal and Consulting Fees [Member] Lighthouse Financial Corp [Member] Line of credit facility additional annual fee. Line of credit, term. Loan and Security Agreement [Member] Lobo Holdings, LLC [Member] Lobo Note [Member] Long Term Employees [Member] Number of shares pledged to secure company's obligation. Payroll Protection Program Loan [Member] Proceeds from PPP Loan. Property [Member] Schedule of Remaining Lease Term and Discount Rates for Operating Leases [Table Text Block] Schedule of supplemental cash flow information related to leases [Table Text Block] Series A Common Stock [Member] Series A 8% Cumulative Convertible Preferred Stock [Member] Series A Preferred Stockholders [Member] Weighted average remaining contractual life in years, exercisable beginning. Six-Month Promissory Note [Member] Thirty-Nine Month Unsecured Promissory Note [Member] Total Blue Star Foods Corp. Stockholder's Deficit [Member] Tracy Greco [Member] 2018 Plan [Member] Walter Lubkin Jr [Member] Warrants [Text Block] Working capital deficit. Zoty Ponce [Member] Payroll protection program loan. Operating lease right of use asset amortization. Amount of lessee's undiscounted obligation for lease payment for operating lease due after fourth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach). March, 2021 [Member] April, 2021 [Member] May, 2021 [Member] Promissory Notes - Subordinated [Member] Newbridge [Member] Consulting Agreement [Member] Investor Relations Consulting Agreement [Member] Series A Preferred Stock [Member] Share based compensation arrangement by share based payment award options outstanding weighted average remaining contractual term beginning. Designee [Member] Stock Purchase Agreement [Member] Taste of BC Aquafarms Inc [Member] Walter Lubkin III [Member] Subordinated notes payable related party. SeriesAPreferredMember Assets, Current Intangible Assets, Net (Excluding Goodwill) Assets Liabilities, Current Liabilities Stockholders' Equity Attributable to Parent Liabilities and Equity Gross Profit Operating Income (Loss) Interest Expense Income (Loss), Including Portion Attributable to Noncontrolling Interest, before Tax Net Income (Loss) Attributable to Parent Net Income (Loss) Available to Common Stockholders, Basic Other Comprehensive Income (Loss), before Tax Shares, Outstanding Share-based Payment Arrangement, Noncash Expense Issuance of Stock and Warrants for Services or Claims Increase (Decrease) in Accounts Receivable Increase (Decrease) in Inventories Increase (Decrease) in Other Current Assets IncreaseDecreaseInOtherAssets Increase (Decrease) in Accounts Payable and Accrued Liabilities Increase (Decrease) in Other Current Liabilities Net Cash Provided by (Used in) Operating Activities Payments to Acquire Property, Plant, and Equipment Net Cash Provided by (Used in) Investing Activities Payments of Loan Costs Net Cash Provided by (Used in) Financing Activities Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations Stock Issued Lessee, Operating Lease, Liability, to be Paid Lessee, Operating Lease, Liability, Undiscounted Excess Amount Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value EX-101.PRE 11 aagi-20210331_pre.xml XBRL PRESENTATION FILE XML 12 R1.htm IDEA: XBRL DOCUMENT v3.21.1
Document and Entity Information - shares
3 Months Ended
Mar. 31, 2021
May 17, 2021
Cover [Abstract]    
Entity Registrant Name Blue Star Foods Corp.  
Entity Central Index Key 0001730773  
Document Type 10-Q  
Document Period End Date Mar. 31, 2021  
Amendment Flag false  
Current Fiscal Year End Date --12-31  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Non-accelerated Filer  
Entity Small Business Flag true  
Entity Emerging Growth Company true  
Entity Ex Transition Period false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   19,772,878
Document Fiscal Period Focus Q1  
Document Fiscal Year Focus 2021  
XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2021
Dec. 31, 2020
CURRENT ASSETS    
Cash and cash equivalents $ 104,633 $ 55,644
Restricted Cash 42,003 282,043
Accounts Receivable, net 718,163 1,082,468
Inventory, net 605,649 1,832,661
Advances to related party 1,299,984 1,299,984
Other current assets 222,446 176,925
Total Current Assets 2,992,878 4,729,725
RELATED PARTY LONG-TERM RECEIVABLE 455,545 455,545
FIXED ASSETS, net 18,979 20,064
RIGHT OF USE ASSET 92,386 99,472
INTANGIBLE ASSETS, net    
Trademarks 774,448 788,614
Customer relationships 1,121,792 1,145,831
Non-compete agreements 26,672 29,171
Total Intangible Assets 1,922,912 1,963,616
GOODWILL 445,395 445,395
OTHER ASSETS 120,139 108,088
TOTAL ASSETS 6,048,234 7,821,905
CURRENT LIABILITIES    
Accounts payable and accruals 881,424 1,607,490
Working capital line of credit 780,288 1,805,907
Current maturities of long-term debt 74,389
Current maturities of lease liabilities 29,649 29,337
Current maturities of related party long-term notes 225,000 195,000
Related party notes payable 972,500 972,500
Related party notes payable - Subordinated 1,299,712 1,299,712
Other current liabilities 1,311,569 1,346,838
Total Current Liabilities 5,574,531 7,256,784
LONG -TERM LIABILITIES    
Long-term lease liability 62,409 69,844
Payroll protection program loan 297,555
Related party long-term notes 485,000 515,000
TOTAL LIABILITIES 6,419,495 7,841,628
STOCKHOLDERS' DEFICIT    
Series A 8% cumulative convertible preferred stock, $0.0001 par value; 10,000 shares authorized, 1,413 shares issued and outstanding as of March 31, 2021, and December 31, 2020
Common stock, $0.0001 par value, 100,000,000 shares authorized; 19,633,161 shares issued and outstanding as of March 31, 2021, and 19,580,721 shares issued and outstanding as of December 31, 2020 1,964 1,958
Additional paid-in capital 13,643,656 13,488,836
Accumulated deficit (14,016,881) (13,510,517)
TOTAL STOCKHOLDERS' DEFICIT (371,261) (19,723)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 6,048,234 $ 7,821,905
XML 14 R3.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Balance Sheets (Parenthetical) - $ / shares
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Common stock, par value $ 0.0001 $ 0.0001 $ 0.0001
Common stock, shares authorized 100,000,000   100,000,000
Common stock, shares issued 19,633,161   19,580,721
Common stock, shares outstanding 19,633,161   19,580,721
Series A 8% Cumulative Convertible Preferred Stock [Member]      
Preferred stock, par value   $ 0.0001 $ 0.0001
Preferred stock, shares authorized   10,000 10,000
Preferred stock, shares issued   1,413 1,413
Preferred stock, shares outstanding   1,413 1,413
Preferred stock dividend percentage 8.00% 8.00%  
XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]    
REVENUE, NET $ 2,485,891 $ 4,571,614
COST OF REVENUE 2,183,112 4,148,398
GROSS PROFIT 302,779 423,216
COMMISSIONS 4,794 66,829
SALARIES AND WAGES 380,596 409,181
DEPRECIATION AND AMORTIZATION 44,079 77,765
OTHER OPERATING EXPENSES 317,398 446,433
LOSS FROM OPERATIONS (444,088) (576,992)
OTHER INCOME 76,518
INTEREST EXPENSE (110,534) (276,655)
NET LOSS (478,104) (853,647)
LESS: NET LOSS ATTRIBUTABLE TO NON-CONTROLLING INTEREST (3,240)
NET LOSS ATTRIBUTABLE TO BLUE STAR FOODS CORP. (478,104) (850,407)
DIVIDEND ON PREFERRED STOCK 28,260 28,259
NET LOSS ATTRIBUTABLE TO BLUE STAR FOODS CORP COMMON STOCKHOLDERS (506,364) (878,666)
COMPREHENSIVE LOSS:    
TRANSLATION ADJUSTMENT ATTRIBUTABLE TO NON-CONTROLLING INTEREST 14,606
COMPREHENSIVE INCOME ATTRIBUTABLE TO NON-CONTROLLING INTEREST 11,366
COMPREHENSIVE LOSS ATTRIBUTABLE TO BLUE STAR FOODS CORP. $ (478,104) $ (850,407)
Loss per basic and diluted common share:    
Basic net loss per common share $ (0.03) $ (0.05)
Basic weighted average common shares outstanding 19,594,888 17,589,705
Fully diluted net loss per common share $ (0.03) $ (0.05)
Fully diluted weighted average common shares outstanding 19,594,888 17,589,705
XML 16 R5.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Changes in Stockholders' Deficit (Unaudited) - USD ($)
Series A Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Accumulated Deficit [Member]
Total Blue Star Foods Corp. Stockholders' Deficit [Member]
Non-Controlling Interest [Member]
Total
Balance at Dec. 31, 2019 $ 1,761 $ 8,789,021 $ (8,952,466) $ (161,684) $ (358,028) $ (519,712)
Balance, shares at Dec. 31, 2019 1,413 17,589,705          
Stock based compensation 34,846 34,846 34,846
Series A preferred 8% dividend issued in common stock $ 1 28,258 (28,259)
Series A preferred 8% dividend issued in common stock, shares 14,130          
Net Loss (850,407) (850,407) (3,240) (853,647)
Comprehensive Income 14,606 14,606
Balance at Mar. 31, 2020 $ 1,762 8,852,125 (9,831,132) (977,245) (346,662) (1,323,907)
Balance, shares at Mar. 31, 2020 1,413 17,603,835          
Balance at Dec. 31, 2020 $ 1,958 13,488,836 (13,510,517) (19,723) (19,723)
Balance, shares at Dec. 31, 2020 1,413 19,580,721          
Stock based compensation 30,319 30,319 30,319
Series A preferred 8% dividend issued in common stock $ 1 28,259 (28,260)
Series A preferred 8% dividend issued in common stock, shares 11,975          
Common stock issued for service $ 5 96,242 96,247 96,247
Common stock issued for service, shares 40,465          
Net Loss (478,104) (478,104) (478,104)
Comprehensive Income
Balance at Mar. 31, 2021 $ 1,964 $ 13,643,656 $ (14,016,881) $ (371,261) $ (371,261)
Balance, shares at Mar. 31, 2021 1,413 19,633,161          
XML 17 R6.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Changes in Stockholders' Deficit (Unaudited) (Parenthetical) - $ / shares
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Common stock, par value $ 0.0001 $ 0.0001
Series A Preferred Stock [Member]    
Preferred stock, par value $ 0.0001 $ 0.0001
Preferred stock dividend percentage 8.00% 8.00%
XML 18 R7.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Loss $ (478,104) $ (853,647)
Adjustments to reconcile net loss to net cash provided in operating activities:    
Stock based compensation 30,319 34,846
Common stock issued for service 96,247
Depreciation of fixed assets 1,085 9,145
Amortization of right of use asset 43,730
Amortization of intangible assets 42,327 40,384
Amortization of loan costs 667 25,988
Deferred taxes 8,362
Lease expense 7,086
Bad debt expense 90
Allowance for inventory obsolescence 43,090 146,853
Changes in operating assets and liabilities:    
Accounts receivables 364,215 149,602
Inventories 1,183,922 3,053,140
Advances to affiliated supplier (15,999)
Other current assets (45,521) 23,409
Right of use liability (7,123) (39,064)
Other assets (14,341)
Accounts payable and accruals (726,066) (768,896)
Other current liabilities (35,269)
Net Cash Provided by Operating Activities 462,624 1,857,853
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of fixed assets (13,230)
Net Cash Used in Investing Activities (13,230)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from working capital line of credit 2,508,585 2,407,538
Proceeds from PPP loan 371,944
Repayments of working capital line of credit (3,534,204) (4,336,132)
Payments of loan costs (70,000)
Net Cash Used in Financing Activities (653,675) (1,998,594)
Effect of Exchange Rate Changes on Cash 14,606
NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (191,051) (139,365)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - BEGINNING OF PERIOD 337,687 195,810
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - END OF PERIOD 146,636 56,445
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITY    
Series A preferred 8% dividend issued in common stock 28,260 28,259
Operating lease assets recognized in exchange for operating lease liabilities 28,137
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest $ 291,038 $ 276,655
XML 19 R8.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Cash Flows (Unaudited) (Parenthetical)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Series A Common Stock [Member]    
Preferred stock, dividend percentage 8.00% 8.00%
XML 20 R9.htm IDEA: XBRL DOCUMENT v3.21.1
Company Overview
3 Months Ended
Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Company Overview

Note 1. Company Overview

 

Blue Star Foods Corp. (“we”, “our”, the “Company”) is an international seafood company based in Miami, Florida that imports, packages and sells refrigerated pasteurized crab meat, and other premium seafood products. The Company’s main operating business, John Keeler & Co., Inc. (“Keeler & Co.”) was incorporated in the State of Florida in May 1995. The Company was formed under the laws of the State of Delaware. The Company’s current source of revenue is importing blue and red swimming crab meat primarily from Indonesia, Philippines and China and distributing it in the United States and Canada under several brand names such as Blue Star, Oceanica, Pacifika, Crab & Go, First Choice, Good Stuff and Coastal Pride Fresh.

 

On November 26, 2019, Keeler & Co., a wholly-owned direct subsidiary of the Company, entered into an Agreement and Plan of Merger and Reorganization (the “Coastal Merger Agreement”) with Coastal Pride Company, Inc., a South Carolina corporation, Coastal Pride Seafood, LLC, a Florida limited liability company and newly-formed, wholly-owned subsidiary of the Purchaser (the “Acquisition Subsidiary” and, upon the effective date of the Merger, the “Surviving Company” or “Coastal Pride”), and The Walter F. Lubkin, Jr. Irrevocable Trust dated January 8, 2003 (the “Trust”), Walter F. Lubkin III (“Lubkin III”), Tracy Lubkin Greco (“Greco”) and John C. Lubkin (“Lubkin”), constituting all of the shareholders of Coastal Pride Company, Inc. immediately prior to the Coastal Merger (collectively, the “Sellers”). Pursuant to the terms of the Coastal Merger Agreement, Coastal Pride Company, Inc. merged with and into the Acquisition Subsidiary, with the Acquisition Subsidiary being the surviving company (the “Coastal Merger”).

 

Coastal Pride is a seafood company, based in Beaufort, South Carolina, that imports pasteurized and fresh crabmeat sourced primarily from Mexico and Latin America and sells premium branded label crabmeat throughout North America.

XML 21 R10.htm IDEA: XBRL DOCUMENT v3.21.1
Basis of Presentation and Summary of Significant Accounting Policies
3 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]  
Basis of Presentation and Summary of Significant Accounting Policies

Note 2. Basis of Presentation and Summary of Significant Accounting Policies

 

Basis of Presentation

 

The following unaudited interim consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, such interim financial statements do not include all the information and footnotes required by accounting principles generally accepted in the United States (“GAAP”) for complete annual financial statements. The information furnished reflects all adjustments, consisting only of normal recurring items which are, in the opinion of management, necessary in order to make the financial statements not misleading. The consolidated balance sheet as of December 31, 2020 has been derived from the Company’s annual financial statements that were audited by an independent registered public accounting firm but does not include all of the information and footnotes required for complete annual financial statements. These financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto which are included in our Annual Report on Form 10-K for the year ended December 31, 2020 filed with the SEC on April 15, 2021 for a broader discussion of our business and the risks inherent in such business.

 

Reclassifications

 

Certain prior period amounts have been reclassified to conform to the current period presentation.

 

Advances to Suppliers and Related Party

 

In the normal course of business, the Company may advance payments to its suppliers, inclusive of Bacolod Blue Star Export Corp. (“Bacolod”), a related party based in the Philippines. These advances are in the form of prepayments for products that will ship within a short window of time. In the event that it becomes necessary for the Company to return products or adjust for quality issues, the Company is issued a credit by the vendor in the normal course of business and these credits are also reflected against future shipments.

 

As of March 31, 2021, and December 31, 2020, the balance due from the related party for future shipments was approximately $1,300,000. No new purchases have been made from Bacolod during the three months ended March 31, 2021. Cost of revenue related to inventories purchased from Bacolod represented approximately $170 and $291,000 of total cost of revenue for the three months ended March 31, 2021 and 2020, respectively.

 

Revenue Recognition

 

The Company recognizes revenue in accordance with Accounting Standards Codification (ASC) 606, Revenue from Contracts with Customers, as such, we record revenue when our customer obtains control of the promised goods or services in an amount that reflects the consideration which the Company expects to receive in exchange for those goods or services. The Company’s source of revenue is from importing blue and red swimming crab meat primarily from Indonesia, the Philippines and China and distributing it in the United States and Canada under several brand names such as Blue Star, Oceanica, Pacifika, Crab & Go, First Choice, Good Stuff and Coastal Pride Fresh. The Company sells primarily to food service distributors. The Company also sells its products to wholesalers, retail establishments and seafood distributors.

 

To determine revenue recognition for the arrangements that the Company determines are within the scope of Topic 606, the Company performs the following five steps: (1) identify the contract(s) with a customer by receipt of purchase orders and confirmations sent by the Company which includes a required line of credit approval process, (2) identify the performance obligations in the contract which includes shipment of goods to the customer FOB shipping point or destination, (3) determine the transaction price which initiates with the purchase order received from the customer and confirmation sent by the Company and will include discounts and allowances by customer if any, (4) allocate the transaction price to the performance obligations in the contract which is the shipment of the goods to the customer and transaction price determined in step 3 above and (5) recognize revenue when (or as) the entity satisfies a performance obligation which is when the Company transfers control of the goods to the customers by shipment or delivery of the products.

 

The Company elected an accounting policy to treat shipping and handling activities as fulfillment activities. Consideration payable to a customer is recorded as a reduction of the arrangement’s transaction price, thereby reducing the amount of revenue recognized, unless the payment is for distinct goods or services received from the customer.

 

Lease Accounting

 

We account for our leases under ASC 842, Leases, which requires all leases to be reported on the balance sheet as right-of-use assets and lease obligations. We elected the practical expedients permitted under the transition guidance that retained the lease classification and initial direct costs for any leases that existed prior to adoption of the standard.

 

We categorize leases with contractual terms longer than twelve months as either operating or finance. Finance leases are generally those leases that would allow us to substantially utilize or pay for the entire asset over its estimated life. Assets acquired under finance leases are recorded in property and equipment, net. All other leases are categorized as operating leases. We did not have any finance leases as of March 31, 2021. Our leases generally have terms that range from three years for equipment and five to twenty years for property. We elected the accounting policy to include both the lease and non-lease components of our agreements as a single component and account for them as a lease.

 

Lease liabilities are recognized at the present value of the fixed lease payments using a discount rate based on similarly secured borrowings available to us. Lease assets are recognized based on the initial present value of the fixed lease payments, reduced by landlord incentives, plus any direct costs from executing the lease. Lease assets are tested for impairment in the same manner as long-lived assets used in operations. Leasehold improvements are capitalized at cost and amortized over the lesser of their expected useful life or the lease term.

 

When we have the option to extend the lease term, terminate the lease before the contractual expiration date, or purchase the leased asset, and it is reasonably certain that we will exercise the option, we consider these options in determining the classification and measurement of the lease. Costs associated with operating lease assets are recognized on a straight-line basis within operating expenses over the term of the lease.

 

The table below presents the lease-related assets and liabilities recorded on the balance sheets.

 

   

March 31,

2021

 
Assets        
Operating lease assets   $ 92,386  
         
Liabilities        
Current        
Operating lease liabilities   $ 29,649  
Noncurrent        
Operating lease liabilities   $ 62,409  

 

Supplemental cash flow information related to leases were as follows:

 

   

Three Months Ended

March 31, 2021

 
       
Cash paid for amounts included in the measurement of lease liabilities:        
Operating cash flows from operating leases   $ 7,123  
ROU assets recognized in exchange for lease obligations:        
Operating leases   $ -  

 

The table below presents the remaining lease term and discount rates for operating leases.

 

    March 31, 2021  
Weighted-average remaining lease term        
Operating leases     3.15 years  
Weighted-average discount rate        
Operating leases     4.3 %

 

Maturities of lease liabilities as of March 31, 2021, were as follows:

 

    Operating Leases  
       
2021 (nine months remaining)     25,164  
2022     33,552  
2023     26,474  
2024     15,060  
2025     -  
Thereafter     -  
Total lease payments     100,250  
Less: amount of lease payments representing interest     (8,192 )
Present value of future minimum lease payments   $ 92,058  
Less: current obligations under leases   $ (29,649 )
Non-current obligations   $ 62,409  

XML 22 R11.htm IDEA: XBRL DOCUMENT v3.21.1
Going Concern
3 Months Ended
Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Going Concern

Note 3. Going Concern

 

The accompanying consolidated financial statements and notes have been prepared assuming the Company will continue as a going concern. For the three months ended March 31, 2021, the Company incurred a net loss of $478,104, has an accumulated deficit of $14,016,881 and working capital deficit of $2,581,653, with the current liabilities inclusive of $1,299,712 in stockholder loans that are subordinated to the provider of the working capital facility, and $29,649 in the current portion of the lease liability recognition. These circumstances raise substantial doubt as to the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon the Company’s ability to increase revenues, execute on its business plan to acquire complimentary companies, raise capital, and to continue to sustain adequate working capital to finance its operations. The consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

XML 23 R12.htm IDEA: XBRL DOCUMENT v3.21.1
Debt
3 Months Ended
Mar. 31, 2021
Debt Disclosure [Abstract]  
Debt

Note 4. Debt

 

Working Capital Line of Credit

 

Keeler & Co entered into a $14,000,000 revolving line of credit, pursuant to a loan and security agreement with ACF Finco I, LP (“ACF”) on August 31, 2016, the proceeds of which were used to pay off the prior line of credit, pay new loan costs of approximately $309,000, and provide additional working capital to the Company. This facility is secured by all assets of Keeler & Co. This facility was amended on November 18, 2016, June 19, 2017, October 16, 2017, September 19, 2018, November 8, 2018, July 29, 2019, November 26, 2019 and May 7, 2020.

 

The line of credit bears an interest rate equal to the greater of 3 Month LIBOR rate plus 9.25%, the Prime rate plus 6.0% or a fixed rate of 6.5%.

 

The ACF line of credit agreement is subject to the following terms:

 

  Borrowing is based on up to 85% of eligible accounts receivable plus the net orderly liquidation value of eligible inventory at the same rate, subject to certain defined limitations.
  The line is collateralized by substantially all the assets and property of Keeler & Co. and is personally guaranteed by the stockholder of the Company.
  The Keeler & Co, is restricted to specified distribution payments, use of funds, and is required to comply with certain other covenants including certain financial ratios.
  All cash received by Keeler & Co. is applied against the outstanding loan balance.
  A subjective acceleration clause allows ACF to call the note upon a material adverse change.

 

On November 26, 2019, Keeler & Co. entered into the seventh amendment to the loan and security agreement with ACF. This amendment memorialized the acquisition of Coastal Pride and made Coastal Pride a co-borrower to the facility. Additionally, the seventh amendment waived and reset the covenant default that occurred during 2019, extended the term of the facility to 5 years and is subject to early termination by the lender upon defined events of default. During the nine months ended September 30, 2020, the Keeler & Co. and Coastal Pride were in violation of its minimum EBITDA covenant as well as exceeding the covenant related to monies advanced to Bacolod by approximately $105,000. The default interest rate increase of 3% was implemented in April 2020.

 

On May 7, 2020, Keeler & Co. and Coastal Pride entered into an eighth amendment to the loan and security agreement with ACF which acknowledged the execution of a Payroll Protection Program loan, provided a reservation of rights related to a default of the minimum EBITDA covenant.

 

The Company analyzed the Line of Credit modification under ASC 470-50-40-21 and determined that the modification did not trigger any additional accounting due to the revolving line of credit remaining unchanged.

 

As of December 31, 2020, the line of credit had an outstanding balance of approximately $1,805,000. As of March 31, 2021, the line of credit had an outstanding balance of $0.

 

On March 31, 2021, Keeler & Co. and Coastal Pride entered into a loan and security agreement (“Loan Agreement”) with Lighthouse pursuant to the terms of the Loan Agreement, Lighthouse made available to Keeler & Co. and Coastal Pride (together, the “Borrowers”) a $5,000,000 revolving line of credit for a term of thirty-six months, renewable annually for one-year periods thereafter. Amounts due under the line of credit are represented by a revolving credit note issued to Lighthouse by the Borrowers.

 

The advance rate of the revolving line of credit is 85% with respect to eligible accounts receivable and the lower of 60% of the Borrowers’ eligible inventory, or 80% of the net orderly liquidation value, subject to an inventory sublimit of $2,500,000. The inventory portion of the loan will never exceed 50% of the outstanding balance. Interest on the line of credit is the prime rate (with a floor of 3.25%), plus 3.75%. The Borrowers will pay Lighthouse a facility fee of $50,000 in three instalments of $16,667 in March, April and May 2021 and will pay an additional facility fee of $25,000 on each anniversary of March 31, 2021.

 

The line of credit is secured by a first priority security interest on all the assets of each Borrower. Pursuant to the terms of a guaranty agreement, the Company guaranteed the obligations of the Borrowers under the note and John Keeler, Executive Chairman and Chief Executive Officer of the Company, provided a personal guaranty of up to $1,000,000 to Lighthouse.

 

The Borrowers utilized $784,450 borrowed from Lighthouse to repay all the outstanding indebtedness owed to the ACF as of March 31, 2021. As a result, all obligations owed to ACF were satisfied and the loan agreement with ACF was terminated. The outstanding balance owed to Lighthouse as of March 31, 2021 amounted to $780,288.

 

John Keeler Promissory Notes – Subordinated

 

The Company had unsecured promissory notes outstanding to its stockholder of approximately $1,299,000 of principal and interest expense of $19,600 and $174,000 as of March 31, 2021 and December 31, 2020, respectively. These notes are payable on demand, bear an annual interest rate of 6% and were subordinated to the ACF working capital line of credit until March 31, 2021. Since March 31, 2021, these notes are subordinated to the Lighthouse note. No principal payments were made by the Company during the three months ended March 31, 2021.

 

Kenar Note

 

On March 26, 2019, the Company issued a four-month unsecured promissory note in the principal amount of $1,000,000 (the “Kenar Note”) to a company controlled by a shareholder, Kenar Overseas Corp., a company registered in Panama (the “Lender”) the term of which was previously extended to March 31, 2020 after which time, on May 21, 2020, the Kenar Note was amended to (i) set the maturity date at March 31, 2021 (unless extended to September 30, 2021 at the Lender’s sole option), (ii) provide that the Company use one-third of any capital raise from the sale of its equity to reduce the outstanding principal under the Kenar Note, (iii) set the interest rate at 18% per annum, payable monthly commencing October 1, 2020, and (iv) to reduce the number of pledged shares by Mr. Keeler to 4,000,000. As consideration for Kenar’s agreement to amend the note, on May 27, 2020, the Company issued 1,021,266 shares of common stock to Kenar. As of the amendment date, the common stock had a value of $2,655,292.

 

The amendment to the Kenar Note was analyzed under ASC 470-50 and was determined that it will be accounted for as an extinguishment of the old debt and the new debt recorded at fair value with the new effective interest rate of 18%. Additionally, this treatment resulted in the cost of the modification paid in common stock with a value of $2,655,292 charged to other expense as of the date of the amendment.

 

The principal amount of the Kenar Note at March 31, 2021 was $872,500. Interest expense was approximately $38,700 during the three months ended March 31, 2021.

 

On April 28, 2021, the Kenar Note was amended to extend the maturity date to May 31, 2021.

 

Lobo Note

 

On April 2, 2019, the Company issued a four-month unsecured promissory note in the principal amount of $100,000 (the “Lobo Note”) to Lobo Holdings, LLLP, a stockholder in the Company (“Lobo”). The Lobo Note bears interest at the rate of 18% per annum. The Lobo Note may be prepaid in whole or in part without penalty. John Keeler, the Company’s Executive Chairman and Chief Executive Officer, pledged 1,000,000 shares of common stock of the Company to secure the Company’s obligations under the Lobo Note. The Lobo Note matured on August 2, 2019 and was extended through December 2, 2019 on the same terms and conditions. On November 15, 2019, the Company paid off the Lobo Note with the issuance to Lobo of an unsecured promissory note in the principal amount of $100,000 which bears interest at the rate of 15% and matured on March 31, 2020. On April 1, 2020, the Company paid off the November 15, 2019 note with the issuance of a six-month unsecured promissory note in the principal amount of $100,000 which accrued interest at the rate of 10% and matured on October 1, 2020. On October 1, 2020, the Company paid off the April 1, 2020 note with the issuance of a three-month unsecured promissory note in the principal amount of $100,000, which accrued interest at the rate of 10% and matured on December 31, 2020. On January 1, 2021, the Company paid off the October 1, 2020 note with the issuance of a six-month unsecured promissory note in the principal amount of $100,000, which bears interest at the rate of 10% per annum and matures on June 30, 2021.This note may be prepaid in whole or in part without penalty. Interest expense was approximately $2,400 during the three months ended March 31, 2021.

 

Walter Lubkin Jr. Note – Subordinated

 

On November 26, 2019, the Company issued a five-year unsecured promissory note in the principal amount of $500,000 to Walter Lubkin Jr. as part of the purchase price for the Coastal Pride acquisition. The note bears interest at the rate of 4% per annum and is payable quarterly in an amount equal to the lesser of (i) $25,000 or (ii) 25% of the EBITDA of Coastal Pride, as determined on the first day of each quarter. To date, no payments have been made under the note since the EBITDA generated by Coastal Pride has not required such payment. This note is subordinate to the working capital line of credit. Principal payments are permitted so long as the borrower is not in default of its working capital line of credit. No principal payments were made by the Company during the three months ended March 31, 2021. Interest expense was approximately $4,900 during the three months ended March 31, 2021.

 

Walter Lubkin III Convertible Note – Subordinated

 

On November 26, 2019, the Company issued a thirty-nine-month unsecured promissory note in the principal amount of $87,842 to Walter Lubkin III as part the purchase price for the Coastal Pride acquisition. The note bears interest at the rate of 4% per annum. The note is payable in equal quarterly payments over six quarters beginning August 26, 2021. At the election of the holder, at any time after the first anniversary of the issuance of the note, the then outstanding principal and accrued interest may be converted into the Company’s common stock at a rate of $2.00 per share. This note is subordinated to the working capital line of credit. Principal payments are permitted so long as the borrower is not in default of its working capital line of credit. No principal payments were made by the Company during the three months ended March 31, 2021. Interest expense was approximately $800 during the three months ended March 31, 2021.

 

Tracy Greco Convertible Note – Subordinated

 

On November 26, 2019, the Company issued a thirty-nine-month unsecured promissory note in the principal amount of $71,372 to Tracy Greco as part of the purchase price for the Coastal Pride acquisition. The note bears interest at the rate of 4% per annum. The note is payable in equal quarterly payments over six quarters beginning August 26, 2021. At the election of the holder, at any time after the first anniversary of the issuance of the note, the then outstanding principal and accrued interest may be converted into the Company’s common stock at a rate of $2.00 per share. This note is subordinated to the working capital line of credit. Principal payments are permitted so long as the borrower is not in default of its working capital line of credit. No principal payments were made by the Company during the three months ended March 31, 2021. Interest expense was approximately $700 during the three months ended March 31, 2021.

 

John Lubkin Convertible Note – Subordinated

 

On November 26, 2019, the Company issued a thirty-nine-month unsecured promissory note in the principal amount of $50,786 to John Lubkin as part the Coastal Pride acquisition. The note bears interest at the rate of 4% per annum. The note is payable in equal quarterly payments over six quarters beginning August 26, 2021. At the election of the holder, at any time after the first anniversary of the issuance of the note, the then outstanding principal and accrued interest may be converted into the Company’s common stock at a rate of $2.00 per share. This note is subordinated to the working capital line of credit. Principal payments are permitted so long as the borrower is not in default of its working capital line of credit. No principal payments were made by the Company during the three months ended March 31, 2021. Interest expense was approximately $500 during the three months ended March 31, 2021.

 

Payroll Protection Program Loan

 

On March 2, 2021, the Company received proceeds of $371,944 and issued an unsecured promissory note to US Century in the principal amount of $371,944 in connection with a PPP Loan. The note accrues interest at 1.0% per annum, matures five years from the date of issuance and is fully guaranteed by the SBA and may be forgiven provided certain criteria are met. The Company may apply for forgiveness after August 17, 2021 and may be required to make monthly payments of approximately $8,500 beginning June 2, 2022. As of March 31, 2021, the Company recorded interest expense of approximately $315.

XML 24 R13.htm IDEA: XBRL DOCUMENT v3.21.1
Common Stock
3 Months Ended
Mar. 31, 2021
Equity [Abstract]  
Common Stock

Note 5. Common Stock

 

On July 1, 2020, the Company entered into an investment banking engagement agreement as amended on October 30, 2020, with Newbridge Securities Corporation. In consideration for advisory services, the Company agreed to issue Newbridge a total of 60,000 shares of common stock with a fair value of $138,000 which is amortized to expense over the term of the agreement. The Company recognized stock compensation expense of $34,500 for the three months ended March 31, 2021 in connection with these shares.

 

On February 8, 2021, the Company issued 25,000 shares of common stock with a fair value of $25,250 to an investor relations firm for services provided to the Company under an investor relations consulting agreement.

 

On March 30, 2021, the Company issued 10,465 shares of common stock with a fair value of $24,697 to the designee of a law firm for services provided to the Company.

 

On March 31, 2021, the Company issued 5,000 shares of common stock with a fair value of $11,800 to an investor relations firm for services provided to the Company under an investor relations consulting agreement.

 

On March 31, 2021, the Company issued 11,975 shares of common stock to Series A preferred stockholders as a common stock dividend with an aggregate fair value of $28,260 for the three months ended March 31, 2021.

XML 25 R14.htm IDEA: XBRL DOCUMENT v3.21.1
Options
3 Months Ended
Mar. 31, 2021
Share-based Payment Arrangement [Abstract]  
Options

Note 6. Options

 

The following table represents option activity for the three months ended March 31, 2021:

 

    Number of Options     Weighted
Average
Exercise
Price
    Weighted Average Remaining Contractual
Life in
Years
    Aggregate Intrinsic
Value
 
Outstanding – December 31, 2020     3,810,000     $ 2.00       7.87          
Exercisable – December 31, 2020     3,280,000     $ 2.00       7.87     $ 721,600  
Granted     -     $ -                  
Forfeited     (63,750 )   $ 2.00                  
Vested     3,431,250                          
Outstanding – March 31, 2021     3,746,250     $ 2.00       7.55          
Exercisable – March 31, 2021     3,431,250     $ 2.00       7.55     $ 1,235,250  

 

On March 31, 2021, the Company recognized $30,319 of compensation expense for vested stock options issued to contractors and employees during 2019.

XML 26 R15.htm IDEA: XBRL DOCUMENT v3.21.1
Warrants
3 Months Ended
Mar. 31, 2021
Warrants and Rights Note Disclosure [Abstract]  
Warrants

Note 7. Warrants

 

There was no warrant activity for the three months ended March 31, 2021. As of March 31, 2021, the Company had warrants to purchase an aggregate of 353,250 shares outstanding with a weighted average exercise price of $2.40, a weighted average remaining term of 0.61 years and an intrinsic value of $0.

XML 27 R16.htm IDEA: XBRL DOCUMENT v3.21.1
Commitment and Contingencies
3 Months Ended
Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]  
Commitment and Contingencies

Note 8. Commitment and Contingencies

 

Office lease

 

The Company leased its Miami office and warehouse facility from JK Real Estate, a related party through common family beneficial ownership. The lease which had a 20-year term, expiring in July 2021, was terminated on December 31, 2020, upon the sale of the facility. In connection with the sale, the Company retained approximately 4,756 square feet of such space, rent-free for the next 12 months.

 

The Company leases approximately 1,600 square feet in Beaufort, South Carolina for the offices of Coastal Pride. This office space consists of two leases with related parties that expire in 2024.

 

Rental and equipment lease expenses amounted to approximately $20,000 and $63,500 for the three months ended March 31, 2021 and 2020, respectively.

 

Legal

 

The Company has reached a settlement agreement with a former employee. Although the agreement is not finalized the Company has reserved for the entire amount of the settlement.

XML 28 R17.htm IDEA: XBRL DOCUMENT v3.21.1
COVID-19 Pandemic
3 Months Ended
Mar. 31, 2021
Covid-19 Pandemic  
COVID-19 Pandemic

Note 9. COVID-19 Pandemic

 

On March 11, 2020, the World Health Organization declared that the novel coronavirus (COVID-19) had become a pandemic, and on March 13, 2020, the U.S. President declared a National Emergency concerning the disease. Additionally, in March 2020, state governments in the Company’s geographic operating area began instituting preventative shut down measures in order to combat the novel coronavirus pandemic. The coronavirus and actions taken to mitigate the spread of it have had and are expected to continue to have an adverse impact on the economies and financial markets of the geographical areas in which the Company operates. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was enacted to amongst other provisions, provide emergency assistance for individuals, families and businesses affected by the novel coronavirus pandemic for 2020 and into 2021. The Company’s business not being deemed essential resulted in decreased financial performance that may not be indicative of future financial results. Government-mandated closures of businesses and shipping delays have affected our sales and inventory purchases. The Company continues to face uncertainty and increased risks concerning its employees, customers, supply chain and government regulation. In April 2021, the U.S. government has made available the COVID-19 vaccine to most of its population to aid with the pandemic but the long-term effects of this development are yet to be seen. The Company’s sales and supply may continue to be adversely affected due to COVID-19 and plans continue to be developed to ensure a prompt response is given to address the effects of the pandemic.

XML 29 R18.htm IDEA: XBRL DOCUMENT v3.21.1
Subsequent Events
3 Months Ended
Mar. 31, 2021
Subsequent Events [Abstract]  
Subsequent Events

Note 10. Subsequent Events

 

On April 12, 2021, the Company granted each director an option to purchase 100,000 shares of common stock at an exercise price of $2.00 per share, which option vests in equal monthly installments over the course of the applicable year and will expire three years from the date they are fully vested. In the event the Director ceases to be a member of the Board prior to the end of any year of service, all unvested stock options will be forfeited. The stock options granted to the Directors shall be exercisable only on a cash basis and will expire three years from the date they are fully vested.

 

On April 15, 2021, the Company issued an aggregate of 16,460 shares of common stock to Walter Lubkin Jr., Walter Lubkin III, Tracy Greco and John Lubkin (collectively, the “Coastal Sellers”) in lieu of $39,504 of outstanding interest under promissory notes issued by the Company to the Coastal Sellers in connection with the Coastal Pride acquisition.

 

On April 19, 2021, the Company issued 12,500 shares of common stock with a fair value of $25,000 to the designee of a law firm for services provided.

 

On April 27, 2021, the Company entered into a stock purchase agreement (the “SPA”) with Taste of BC Aquafarms Inc., a corporation formed under the laws of the Province of British Columbia, Canada (“TOBC”), and Steve Atkinson and Janet Atkinson (the “Sellers”), the owners of all of the capital stock of TOBC (the “Shares”). Pursuant to the terms of the SPA, the Company will acquire all of the Shares from the Sellers for an aggregate purchase price of CAD$4,000,000 (the “Purchase Price”) to be paid to the Sellers at closing as follows: (i) CAD$1,000,000 in cash, pro rata with each Seller’s ownership of TOBC (ii) by the issuance to each Seller of a non-interest bearing promissory note in the aggregate principal amount of CAD$200,000, with a maturity date of November 30, 2021, with the principal amount of each note to be pro rata with each Seller’s ownership of TOBC, and secured by a Company guarantee and a general security agreement creating a security interest over certain assets of the Company, and (iii) by the issuance of CAD$2,800,000 shares of the Company’s common stock, par value $0.0001 per share (“Common Stock”), calculated based on the volume weighted average price of a share of Common Stock on the OTC Markets from April 28, 2020 through the closing date (provided the price used to determine the number of shares is not be less than USD$2.00 or more than USD$2.30), with each Seller receiving Common Stock pro rata with each Seller’s ownership of TOBC. The Purchase Price is subject to adjustment based upon the amount of TOBC’s working capital on the closing date as determined in accordance with the SPA within 60 days after the closing. The closing and consummation of the transactions contemplated by the SPA is also subject to certain closing conditions and deliveries.

 

On April 29, 2021, the Company issued 105,757 shares of common stock to Kenar Overseas Corp. in lieu of $227,378 of outstanding interest under the Kenar Note.

 

On April 30, 2021, the Company issued 5,000 shares of common stock with a fair value of $28,500 to an investor relations firm for services provided to the Company under an investor relations consulting agreement.

 

Loan Amendment

 

On April 28, 2021, the Company entered into a second loan amendment (the “Second Loan Amendment”) with Kenar to extend the maturity date of the Kenar Note to May 31, 2021.

XML 30 R19.htm IDEA: XBRL DOCUMENT v3.21.1
Basis of Presentation and Summary of Significant Accounting Policies (Policies)
3 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]  
Basis of Presentation

Basis of Presentation

 

The following unaudited interim consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, such interim financial statements do not include all the information and footnotes required by accounting principles generally accepted in the United States (“GAAP”) for complete annual financial statements. The information furnished reflects all adjustments, consisting only of normal recurring items which are, in the opinion of management, necessary in order to make the financial statements not misleading. The consolidated balance sheet as of December 31, 2020 has been derived from the Company’s annual financial statements that were audited by an independent registered public accounting firm but does not include all of the information and footnotes required for complete annual financial statements. These financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto which are included in our Annual Report on Form 10-K for the year ended December 31, 2020 filed with the SEC on April 15, 2021 for a broader discussion of our business and the risks inherent in such business.

Reclassifications

Reclassifications

 

Certain prior period amounts have been reclassified to conform to the current period presentation.

Advances to Suppliers and Related Party

Advances to Suppliers and Related Party

 

In the normal course of business, the Company may advance payments to its suppliers, inclusive of Bacolod Blue Star Export Corp. (“Bacolod”), a related party based in the Philippines. These advances are in the form of prepayments for products that will ship within a short window of time. In the event that it becomes necessary for the Company to return products or adjust for quality issues, the Company is issued a credit by the vendor in the normal course of business and these credits are also reflected against future shipments.

 

As of March 31, 2021, and December 31, 2020, the balance due from the related party for future shipments was approximately $1,300,000. No new purchases have been made from Bacolod during the three months ended March 31, 2021. Cost of revenue related to inventories purchased from Bacolod represented approximately $170 and $291,000 of total cost of revenue for the three months ended March 31, 2021 and 2020, respectively.

Revenue Recognition

Revenue Recognition

 

The Company recognizes revenue in accordance with Accounting Standards Codification (ASC) 606, Revenue from Contracts with Customers, as such, we record revenue when our customer obtains control of the promised goods or services in an amount that reflects the consideration which the Company expects to receive in exchange for those goods or services. The Company’s source of revenue is from importing blue and red swimming crab meat primarily from Indonesia, the Philippines and China and distributing it in the United States and Canada under several brand names such as Blue Star, Oceanica, Pacifika, Crab & Go, First Choice, Good Stuff and Coastal Pride Fresh. The Company sells primarily to food service distributors. The Company also sells its products to wholesalers, retail establishments and seafood distributors.

 

To determine revenue recognition for the arrangements that the Company determines are within the scope of Topic 606, the Company performs the following five steps: (1) identify the contract(s) with a customer by receipt of purchase orders and confirmations sent by the Company which includes a required line of credit approval process, (2) identify the performance obligations in the contract which includes shipment of goods to the customer FOB shipping point or destination, (3) determine the transaction price which initiates with the purchase order received from the customer and confirmation sent by the Company and will include discounts and allowances by customer if any, (4) allocate the transaction price to the performance obligations in the contract which is the shipment of the goods to the customer and transaction price determined in step 3 above and (5) recognize revenue when (or as) the entity satisfies a performance obligation which is when the Company transfers control of the goods to the customers by shipment or delivery of the products.

 

The Company elected an accounting policy to treat shipping and handling activities as fulfillment activities. Consideration payable to a customer is recorded as a reduction of the arrangement’s transaction price, thereby reducing the amount of revenue recognized, unless the payment is for distinct goods or services received from the customer.

Lease Accounting

Lease Accounting

 

We account for our leases under ASC 842, Leases, which requires all leases to be reported on the balance sheet as right-of-use assets and lease obligations. We elected the practical expedients permitted under the transition guidance that retained the lease classification and initial direct costs for any leases that existed prior to adoption of the standard.

 

We categorize leases with contractual terms longer than twelve months as either operating or finance. Finance leases are generally those leases that would allow us to substantially utilize or pay for the entire asset over its estimated life. Assets acquired under finance leases are recorded in property and equipment, net. All other leases are categorized as operating leases. We did not have any finance leases as of March 31, 2021. Our leases generally have terms that range from three years for equipment and five to twenty years for property. We elected the accounting policy to include both the lease and non-lease components of our agreements as a single component and account for them as a lease.

 

Lease liabilities are recognized at the present value of the fixed lease payments using a discount rate based on similarly secured borrowings available to us. Lease assets are recognized based on the initial present value of the fixed lease payments, reduced by landlord incentives, plus any direct costs from executing the lease. Lease assets are tested for impairment in the same manner as long-lived assets used in operations. Leasehold improvements are capitalized at cost and amortized over the lesser of their expected useful life or the lease term.

 

When we have the option to extend the lease term, terminate the lease before the contractual expiration date, or purchase the leased asset, and it is reasonably certain that we will exercise the option, we consider these options in determining the classification and measurement of the lease. Costs associated with operating lease assets are recognized on a straight-line basis within operating expenses over the term of the lease.

 

The table below presents the lease-related assets and liabilities recorded on the balance sheets.

 

   

March 31,

2021

 
Assets        
Operating lease assets   $ 92,386  
         
Liabilities        
Current        
Operating lease liabilities   $ 29,649  
Noncurrent        
Operating lease liabilities   $ 62,409  

 

Supplemental cash flow information related to leases were as follows:

 

   

Three Months Ended

March 31, 2021

 
       
Cash paid for amounts included in the measurement of lease liabilities:        
Operating cash flows from operating leases   $ 7,123  
ROU assets recognized in exchange for lease obligations:        
Operating leases   $ -  

 

The table below presents the remaining lease term and discount rates for operating leases.

 

    March 31, 2021  
Weighted-average remaining lease term        
Operating leases     3.15 years  
Weighted-average discount rate        
Operating leases     4.3 %

 

Maturities of lease liabilities as of March 31, 2021, were as follows:

 

    Operating Leases  
       
2021 (nine months remaining)     25,164  
2022     33,552  
2023     26,474  
2024     15,060  
2025     -  
Thereafter     -  
Total lease payments     100,250  
Less: amount of lease payments representing interest     (8,192 )
Present value of future minimum lease payments   $ 92,058  
Less: current obligations under leases   $ (29,649 )
Non-current obligations   $ 62,409  

XML 31 R20.htm IDEA: XBRL DOCUMENT v3.21.1
Basis of Presentation and Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]  
Schedule of Lease-related Assets and Liabilities

The table below presents the lease-related assets and liabilities recorded on the balance sheets.

 

   

March 31,

2021

 
Assets        
Operating lease assets   $ 92,386  
         
Liabilities        
Current        
Operating lease liabilities   $ 29,649  
Noncurrent        
Operating lease liabilities   $ 62,409  

Schedule of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases were as follows:

 

   

Three Months Ended

March 31, 2021

 
       
Cash paid for amounts included in the measurement of lease liabilities:        
Operating cash flows from operating leases   $ 7,123  
ROU assets recognized in exchange for lease obligations:        
Operating leases   $ -  

Schedule of Remaining Lease Term and Discount Rates for Operating Leases

The table below presents the remaining lease term and discount rates for operating leases.

 

    March 31, 2021  
Weighted-average remaining lease term        
Operating leases     3.15 years  
Weighted-average discount rate        
Operating leases     4.3 %

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities as of March 31, 2021, were as follows:

 

    Operating Leases  
       
2021 (nine months remaining)     25,164  
2022     33,552  
2023     26,474  
2024     15,060  
2025     -  
Thereafter     -  
Total lease payments     100,250  
Less: amount of lease payments representing interest     (8,192 )
Present value of future minimum lease payments   $ 92,058  
Less: current obligations under leases   $ (29,649 )
Non-current obligations   $ 62,409  

XML 32 R21.htm IDEA: XBRL DOCUMENT v3.21.1
Options (Tables)
3 Months Ended
Mar. 31, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of Option Activity

The following table represents option activity for the three months ended March 31, 2021:

 

    Number of Options     Weighted
Average
Exercise
Price
    Weighted Average Remaining Contractual
Life in
Years
    Aggregate Intrinsic
Value
 
Outstanding – December 31, 2020     3,810,000     $ 2.00       7.87          
Exercisable – December 31, 2020     3,280,000     $ 2.00       7.87     $ 721,600  
Granted     -     $ -                  
Forfeited     (63,750 )   $ 2.00                  
Vested     3,431,250                          
Outstanding – March 31, 2021     3,746,250     $ 2.00       7.55          
Exercisable – March 31, 2021     3,431,250     $ 2.00       7.55     $ 1,235,250  

XML 33 R22.htm IDEA: XBRL DOCUMENT v3.21.1
Basis of Presentation and Summary of Significant Accounting Policies (Details Narrative) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Impairment of finite-lived intangibles and goodwill    
Due from related party for future shipments $ 1,300,000   $ 1,300,000
Cost of revenue $ 2,183,112 $ 4,148,398  
Lease term 20 years    
Equipment [Member]      
Lease term 3 years    
Property [Member] | Minimum [Member]      
Lease term 5 years    
Property [Member] | Maximum [Member]      
Lease term 20 years    
Bacolod Blue Star Export Corp. [Member]      
Cost of revenue $ 170 $ 291,000  
XML 34 R23.htm IDEA: XBRL DOCUMENT v3.21.1
Basis of Presentation and Summary of Significant Accounting Policies - Schedule of Lease-related Assets and Liabilities (Details) - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Accounting Policies [Abstract]    
Operating lease assets $ 92,386 $ 99,472
Operating lease liabilities - Current 29,649 29,337
Operating lease liabilities - Noncurrent $ 62,409 $ 69,844
XML 35 R24.htm IDEA: XBRL DOCUMENT v3.21.1
Basis of Presentation and Summary of Significant Accounting Policiess - Schedule of Supplemental Cash Flow Information Related to Leases (Details)
3 Months Ended
Mar. 31, 2021
USD ($)
Accounting Policies [Abstract]  
Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 7,123
ROU assets recognized in exchange for lease obligations: Operating leases
XML 36 R25.htm IDEA: XBRL DOCUMENT v3.21.1
Basis of Presentation and Summary of Significant Accounting Policies - Schedule of Remaining Lease Term and Discount Rates for Operating Leases (Details)
Mar. 31, 2021
Accounting Policies [Abstract]  
Weighted-average remaining lease term, Operating leases 3 years 1 month 24 days
Weighted-average discount rate, Operating leases 4.30%
XML 37 R26.htm IDEA: XBRL DOCUMENT v3.21.1
Basis of Presentation and Summary of Significant Accounting Policies - Schedule of Maturities of Lease Liabilities (Details) - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Accounting Policies [Abstract]    
2021 (nine months remaining) $ 25,164  
2022 33,552  
2023 26,474  
2024 15,060  
2025  
Thereafter  
Total lease payments 100,250  
Less: amount of lease payments representing interest (8,192)  
Present value of future minimum lease payments 92,058  
Less: current obligations under leases (29,649) $ (29,337)
Non-current obligations $ 62,409 $ 69,844
XML 38 R27.htm IDEA: XBRL DOCUMENT v3.21.1
Going Concern (Details Narrative) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]      
Net loss $ (478,104) $ (853,647)  
Accumulated deficit (14,016,881)   $ (13,510,517)
Working capital deficit 2,581,653    
Subordinated stockholder debt 1,299,712    
Current portion of lease liability $ 29,649   $ 29,337
XML 39 R28.htm IDEA: XBRL DOCUMENT v3.21.1
Debt (Details Narrative) - USD ($)
1 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Jun. 02, 2022
Mar. 31, 2021
Mar. 02, 2021
Jan. 02, 2021
Oct. 02, 2020
Apr. 02, 2020
Nov. 26, 2019
Nov. 15, 2019
Apr. 02, 2019
Mar. 26, 2019
Apr. 30, 2020
Mar. 31, 2021
Mar. 31, 2020
Sep. 30, 2020
Dec. 31, 2020
Aug. 31, 2016
Revolving line of credit   $ 0                   $ 0     $ 1,805,000  
Repayment of new loan                       $ 3,534,204 $ 4,336,132      
Line of credit, description                       Borrowing is based on up to 85% of eligible accounts receivable plus the net orderly liquidation value of eligible inventory at the same rate, subject to certain defined limitations.        
Line of credit, term             5 years                  
Debt EBITDA covenant                           $ 105,000    
EBITDA covenant, description                           During the nine months ended September 30, 2020, the Keeler & Co. and Coastal Pride were in violation of its minimum EBITDA covenant as well as exceeding the covenant related to monies advanced to Bacolod by approximately $105,000.    
Increase default interest rate                     3.00%          
Amount of revolving line of credit   0                   $ 0        
Issuance of common stock                       10,000        
Kenar Note [Member]                                
Debt instrument, interest rate                   18.00%            
Other expenses                   $ 2,655,292            
Payroll Protection Program Loan [Member]                                
Debt instrument, interest rate     1.00%                          
Interest expenses                       315        
Debt instrument, description     The Company may apply for forgiveness after August 17, 2021 and may be required to make monthly payments of approximately $8,500 beginning June 2, 2022.                          
Proceeds from issuance of unsecured promissory note     $ 371,944                          
Principal amount     $ 371,944                          
Debt instrument, term     5 years                          
Payroll Protection Program Loan [Member] | Forecast [Member]                                
Debt instrument, monthly payments $ 8,500                              
John Keeler & Executive Chairman & Chief Executive Officer [Member]                                
Amount of revolving line of credit   1,000,000                   1,000,000        
Walter Lubkin Jr [Member] | Five Year Unsecured Promissory Note [Member]                                
Debt EBITDA covenant             $ 25,000                  
EBITDA covenant, description             The note bears interest at the rate of 4% per annum and is payable quarterly in an amount equal to the lesser of (i) $25,000 or (ii) 25% of the EBITDA of Coastal Pride, as determined on the first day of each quarter.                  
Debt instrument, face amount           $ 500,000                
Debt instrument, interest rate             4.00%                  
Interest expenses                       4,900        
Walter Lubkin III [Member] | Thirty-Nine Month Unsecured Promissory Note [Member]                                
Debt instrument, face amount             $ 87,842                  
Debt instrument, interest rate             4.00%                  
Interest expenses                       800        
Conversion rate             200.00%                  
Tracy Greco [Member] | Thirty-Nine Month Unsecured Promissory Note [Member]                                
Debt instrument, face amount           $ 71,372                
Debt instrument, interest rate             4.00%                  
Interest expenses                       700        
Debt instrument, description             The note is payable in equal quarterly payments over six quarters beginning August 26, 2021.                  
Conversion rate             200.00%                  
John Lubkin [Member] | Thirty-Nine Month Unsecured Promissory Note [Member]                                
Debt instrument, face amount           $ 50,786                
Debt instrument, interest rate             4.00%                  
Interest expenses                       500        
Debt instrument, description             The note is payable in equal quarterly payments over six quarters beginning August 26, 2021.                  
Conversion rate             200.00%                  
John Keeler & Co., Inc. [Member] | Promissory Notes - Subordinated [Member]                                
Debt instrument, face amount   $ 1,299,000                   1,299,000        
Debt instrument, interest expense                       $ 19,600     $ 174,000  
Debt instrument, interest rate   6.00%                   6.00%        
Debt instrument, principal payments                              
Kenar Overseas Corp [Member] | Kenar Note [Member]                                
Debt instrument, face amount   $ 872,500               $ 1,000,000   872,500        
Debt instrument, interest rate                   18.00%            
Debt maturity date                   Mar. 31, 2021            
Description on maturity date                   The term of which was previously extended to March 31, 2020 after which time, on May 21, 2020, the Kenar Note was amended to (i) set the maturity date at March 31, 2021 (unless extended to September 30, 2021 at the Lender's sole option), (ii) provide that the Company use one-third of any capital raise from the sale of its equity to reduce the outstanding principal under the Kenar Note, (iii) set the interest rate at 18% per annum, payable monthly commencing October 1, 2020, and (iv) to reduce the number of pledged shares by Mr. Keeler to 4,000,000. As consideration for Kenar's agreement to amend the note, on May 27, 2020, the Company issued 1,021,266 shares of common stock to Kenar.            
Extended maturity date                   Sep. 30, 2021            
Number of shares pledged to secure company's obligation                   4,000,000            
Issuance of common stock, shares                   1,021,266            
Issuance of common stock                   $ 2,655,292            
Interest expenses                       38,700        
Lobo Holdings, LLC [Member] | Lobo Note [Member]                                
Debt instrument, face amount               $ 100,000 $ 100,000              
Debt instrument, interest rate               15.00% 18.00%              
Debt maturity date               Mar. 31, 2020 Aug. 02, 2019              
Description on maturity date                 The Lobo Note matured on August 2, 2019 and was extended through December 2, 2019 on the same terms and conditions.              
Extended maturity date                 Dec. 02, 2019              
Number of shares pledged to secure company's obligation                 1,000,000              
Lobo Holdings, LLC [Member] | Four Month Unsecured Promissory Notes [Member]                                
Debt instrument, face amount         $ 100,000 $ 100,000                    
Debt instrument, interest rate         10.00% 10.00%                    
Debt maturity date       Jun. 30, 2021 Dec. 31, 2020 Oct. 01, 2020                    
Interest expenses                       2,400        
Lobo Holdings, LLC [Member] | Six-Month Promissory Note [Member]                                
Debt instrument, face amount       $ 100,000                        
Debt instrument, interest rate       10.00%                        
Loan and Security Agreement [Member] | Keeler & Co and Coastal Pride [Member]                                
Line of credit, interest rate   3.25%                            
Amount of revolving line of credit   $ 5,000,000                   5,000,000        
Line of credit facility, revolving credit conversion to term loan, description   Revolving line of credit for a term of thirty-six months, renewable annually for one-year periods thereafter.                            
Interest rate description   The advance rate of the revolving line of credit is 85% with respect to eligible accounts receivable and the lower of 60% of the Borrowers' eligible inventory, or 80% of the net orderly liquidation value, subject to an inventory sublimit of $2,500,000. The inventory portion of the loan will never exceed 50% of the outstanding balance.                            
Inventory sublimit   $ 2,500,000                   2,500,000        
Loan and Security Agreement [Member] | Lighthouse Financial Corp [Member]                                
Line of credit facility fee   50,000                            
Line of credit facility additional annual fee   25,000                   25,000        
Proceeds from Related Party   784,450                            
Debt instrument, face amount   780,288                   780,288        
Loan and Security Agreement [Member] | Lighthouse Financial Corp [Member] | March, 2021 [Member]                                
Line of credit facility fee   16,667                            
Loan and Security Agreement [Member] | Lighthouse Financial Corp [Member] | April, 2021 [Member]                                
Line of credit facility fee   16,667                            
Loan and Security Agreement [Member] | Lighthouse Financial Corp [Member] | May, 2021 [Member]                                
Line of credit facility fee   $ 16,667                            
Prime Rate [Member] | Loan and Security Agreement [Member] | Keeler & Co and Coastal Pride [Member]                                
Line of credit, interest rate   3.75%                            
ACF Finco I, LP [Member]                                
Revolving line of credit                               $ 14,000,000
Repayment of new loan                       $ 309,000        
ACF Finco I, LP [Member] | London Interbank Offered Rate (LIBOR) [Member]                                
Line of credit, interest rate                       9.25%        
ACF Finco I, LP [Member] | Prime Rate [Member]                                
Line of credit, interest rate                       6.00%        
ACF Finco I, LP [Member] | Fixed Rate [Member]                                
Line of credit, interest rate                       6.50%        
XML 40 R29.htm IDEA: XBRL DOCUMENT v3.21.1
Common Stock (Details Narrative) - USD ($)
3 Months Ended
Mar. 30, 2021
Feb. 08, 2021
Jul. 02, 2020
Mar. 31, 2021
Fair value of common stock       $ 10,000
Stock compensation expense       30,319
Stock issued during period, shares, issued for services 10,465      
Stock issued during period, value, issued for services $ 24,697     $ 96,247
Series A Preferred Stock [Member]        
Common stock dividends, shares       11,975
Common stock dividends       $ 28,260
Investor Relations Consulting Agreement [Member]        
Stock issued during period, shares, issued for services   25,000   5,000
Stock issued during period, value, issued for services   $ 25,250   $ 11,800
Newbridge [Member]        
Number of shares issued     60,000  
Fair value of common stock     $ 138,000  
Stock compensation expense       $ 34,500
XML 41 R30.htm IDEA: XBRL DOCUMENT v3.21.1
Options (Details Narrative)
3 Months Ended
Mar. 31, 2021
USD ($)
Share-based Payment Arrangement [Abstract]  
Compensation expense $ 30,319
XML 42 R31.htm IDEA: XBRL DOCUMENT v3.21.1
Options - Schedule of Option Activity (Details)
3 Months Ended
Mar. 31, 2021
USD ($)
$ / shares
shares
Share-based Payment Arrangement [Abstract]  
Number of Options, Outstanding beginning 3,810,000
Number of Options, Exercisable beginning 3,810,000
Number of Options, Granted
Number of Options, Forfeited (63,750)
Number of Options, Vested 3,431,250
Number of Options, Outstanding ending 3,746,250
Number of Options, Exercisable ending 3,431,250
Weighted Average Exercise Price, Outstanding beginning | $ / shares $ 2.00
Weighted Average Exercise Price, Exercisable beginning | $ / shares 2.00
Weighted Average Exercise Price, Granted | $ / shares
Weighted Average Exercise Price, Forfeited | $ / shares 2.00
Weighted Average Exercise Price, Outstanding ending | $ / shares 2.00
Weighted Average Exercise Price, Exercisable ending | $ / shares $ 2.00
Weighted Average Remaining Contractual Life in Years, Outstanding beginning 7 years 10 months 14 days
Weighted Average Remaining Contractual Life in Years, Exercisable beginning 7 years 10 months 14 days
Weighted Average Remaining Contractual Life in Years, Outstanding ending 7 years 6 months 18 days
Weighted Average Remaining Contractual Life in Years, Exercisable ending 7 years 6 months 18 days
Aggregate Intrinsic value, Exercisable beginning | $ $ 721,600
Aggregate Intrinsic value, Exercisable ending | $ $ 1,235,250
XML 43 R32.htm IDEA: XBRL DOCUMENT v3.21.1
Warrants (Details Narrative)
3 Months Ended
Mar. 31, 2021
USD ($)
$ / shares
shares
Warrants and Rights Note Disclosure [Abstract]  
Warrant to purchase shares outstanding | shares 353,250
Weighted average exercise price | $ / shares $ 2.40
Weighted average remaining term 7 months 10 days
Intrinsic value | $ $ 0
XML 44 R33.htm IDEA: XBRL DOCUMENT v3.21.1
Commitment and Contingencies (Details Narrative)
3 Months Ended
Mar. 31, 2021
USD ($)
ft²
Mar. 31, 2020
USD ($)
Dec. 31, 2020
ft²
Commitments and Contingencies Disclosure [Abstract]      
Lease term 20 years    
Lease expiration Jul. 31, 2021    
Mortgage amount $ 0    
Area of land | ft² 1,600   4,756
Rental and equipment lease expenses $ 20,000 $ 63,500  
XML 45 R34.htm IDEA: XBRL DOCUMENT v3.21.1
Subsequent Events (Details Narrative) - USD ($)
3 Months Ended
Apr. 29, 2021
Apr. 27, 2021
Apr. 19, 2021
Apr. 15, 2021
Apr. 12, 2021
Mar. 30, 2021
Feb. 08, 2021
Mar. 31, 2021
Dec. 31, 2020
Mar. 31, 2020
Number of shares granted to purchase of common stock shares                  
Exercise price per share                  
Number of stock issued for services           10,465        
Number of stock issued for services, value           $ 24,697   $ 96,247    
Stock issued during period, value, new issues               $ 10,000    
Common stock, par or stated value per share               $ 0.0001 $ 0.0001 $ 0.0001
Investor Relations Consulting Agreement [Member]                    
Number of stock issued for services             25,000 5,000    
Number of stock issued for services, value             $ 25,250 $ 11,800    
Subsequent Event [Member]                    
Issuance of non-interest bearing promissory note face value   $ 200,000                
Debt instrument maturity date   Nov. 30, 2021                
Stock issued during period, value, new issues   $ 2,800,000                
Common stock, par or stated value per share   $ 0.0001                
Business acquisitions purchase price allocation year of acquisition description   The Purchase Price is subject to adjustment based upon the amount of TOBC's working capital on the closing date as determined in accordance with the SPA within 60 days after the closing.                
Subsequent Event [Member] | Minimum [Member]                    
Shares issued price per share   $ 2.00                
Subsequent Event [Member] | Maximum [Member]                    
Shares issued price per share   $ 2.30                
Subsequent Event [Member] | Stock Purchase Agreement [Member]                    
Payments to acquire businesses net of cash acquired   $ 4,000,000                
Subsequent Event [Member] | Taste of BC Aquafarms Inc [Member]                    
Payments to acquire businesses net of cash acquired   $ 1,000,000                
Subsequent Event [Member] | Investor Relations Consulting Agreement [Member]                    
Number of stock issued for services 5,000                  
Number of stock issued for services, value $ 28,500                  
Subsequent Event [Member] | Coastal Pride Company, Inc [Member]                    
Stock isssued during the period for debt, shares       16,460            
Stock isssued during the period for debt       $ 39,504            
Subsequent Event [Member] | Kenar Overseas Corp [Member]                    
Stock isssued during the period for debt, shares 105,757                  
Stock isssued during the period for debt $ 227,378                  
Subsequent Event [Member] | Director [Member]                    
Number of shares granted to purchase of common stock shares         100,000          
Exercise price per share         $ 2.00          
Subsequent Event [Member] | Designee [Member]                    
Number of stock issued for services     12,500              
Number of stock issued for services, value     $ 25,000              
EXCEL 46 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 47 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 48 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 49 FilingSummary.xml IDEA: XBRL DOCUMENT 3.21.1 html 128 304 1 false 49 0 false 5 false false R1.htm 00000001 - Document - Document and Entity Information Sheet http://bluestarfoods.com/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 00000002 - Statement - Consolidated Balance Sheets Sheet http://bluestarfoods.com/role/BalanceSheets Consolidated Balance Sheets Statements 2 false false R3.htm 00000003 - Statement - Consolidated Balance Sheets (Parenthetical) Sheet http://bluestarfoods.com/role/BalanceSheetsParenthetical Consolidated Balance Sheets (Parenthetical) Statements 3 false false R4.htm 00000004 - Statement - Consolidated Statements of Operations and Comprehensive Loss (Unaudited) Sheet http://bluestarfoods.com/role/StatementsOfOperationsAndComprehensiveLoss Consolidated Statements of Operations and Comprehensive Loss (Unaudited) Statements 4 false false R5.htm 00000005 - Statement - Consolidated Statements of Changes in Stockholders' Deficit (Unaudited) Sheet http://bluestarfoods.com/role/StatementsOfChangesInStockholdersDeficit Consolidated Statements of Changes in Stockholders' Deficit (Unaudited) Statements 5 false false R6.htm 00000006 - Statement - Consolidated Statements of Changes in Stockholders' Deficit (Unaudited) (Parenthetical) Sheet http://bluestarfoods.com/role/StatementsOfChangesInStockholdersDeficitParenthetical Consolidated Statements of Changes in Stockholders' Deficit (Unaudited) (Parenthetical) Statements 6 false false R7.htm 00000007 - Statement - Consolidated Statements of Cash Flows (Unaudited) Sheet http://bluestarfoods.com/role/StatementsOfCashFlows Consolidated Statements of Cash Flows (Unaudited) Statements 7 false false R8.htm 00000008 - Statement - Consolidated Statements of Cash Flows (Unaudited) (Parenthetical) Sheet http://bluestarfoods.com/role/StatementsOfCashFlowsParenthetical Consolidated Statements of Cash Flows (Unaudited) (Parenthetical) Statements 8 false false R9.htm 00000009 - Disclosure - Company Overview Sheet http://bluestarfoods.com/role/CompanyOverview Company Overview Notes 9 false false R10.htm 00000010 - Disclosure - Basis of Presentation and Summary of Significant Accounting Policies Sheet http://bluestarfoods.com/role/BasisOfPresentationAndSummaryOfSignificantAccountingPolicies Basis of Presentation and Summary of Significant Accounting Policies Notes 10 false false R11.htm 00000011 - Disclosure - Going Concern Sheet http://bluestarfoods.com/role/GoingConcern Going Concern Notes 11 false false R12.htm 00000012 - Disclosure - Debt Sheet http://bluestarfoods.com/role/Debt Debt Notes 12 false false R13.htm 00000013 - Disclosure - Common Stock Sheet http://bluestarfoods.com/role/CommonStock Common Stock Notes 13 false false R14.htm 00000014 - Disclosure - Options Sheet http://bluestarfoods.com/role/Options Options Notes 14 false false R15.htm 00000015 - Disclosure - Warrants Sheet http://bluestarfoods.com/role/Warrants Warrants Notes 15 false false R16.htm 00000016 - Disclosure - Commitment and Contingencies Sheet http://bluestarfoods.com/role/CommitmentAndContingencies Commitment and Contingencies Notes 16 false false R17.htm 00000017 - Disclosure - COVID-19 Pandemic Sheet http://bluestarfoods.com/role/Covid-19Pandemic COVID-19 Pandemic Notes 17 false false R18.htm 00000018 - Disclosure - Subsequent Events Sheet http://bluestarfoods.com/role/SubsequentEvents Subsequent Events Notes 18 false false R19.htm 00000019 - Disclosure - Basis of Presentation and Summary of Significant Accounting Policies (Policies) Sheet http://bluestarfoods.com/role/BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesPolicies Basis of Presentation and Summary of Significant Accounting Policies (Policies) Policies http://bluestarfoods.com/role/BasisOfPresentationAndSummaryOfSignificantAccountingPolicies 19 false false R20.htm 00000020 - Disclosure - Basis of Presentation and Summary of Significant Accounting Policies (Tables) Sheet http://bluestarfoods.com/role/BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesTables Basis of Presentation and Summary of Significant Accounting Policies (Tables) Tables http://bluestarfoods.com/role/BasisOfPresentationAndSummaryOfSignificantAccountingPolicies 20 false false R21.htm 00000021 - Disclosure - Options (Tables) Sheet http://bluestarfoods.com/role/OptionsTables Options (Tables) Tables http://bluestarfoods.com/role/Options 21 false false R22.htm 00000022 - Disclosure - Basis of Presentation and Summary of Significant Accounting Policies (Details Narrative) Sheet http://bluestarfoods.com/role/BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesDetailsNarrative Basis of Presentation and Summary of Significant Accounting Policies (Details Narrative) Details http://bluestarfoods.com/role/BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesTables 22 false false R23.htm 00000023 - Disclosure - Basis of Presentation and Summary of Significant Accounting Policies - Schedule of Lease-related Assets and Liabilities (Details) Sheet http://bluestarfoods.com/role/BasisOfPresentationAndSummaryOfSignificantAccountingPolicies-ScheduleOfLease-relatedAssetsAndLiabilitiesDetails Basis of Presentation and Summary of Significant Accounting Policies - Schedule of Lease-related Assets and Liabilities (Details) Details 23 false false R24.htm 00000024 - Disclosure - Basis of Presentation and Summary of Significant Accounting Policiess - Schedule of Supplemental Cash Flow Information Related to Leases (Details) Sheet http://bluestarfoods.com/role/BasisOfPresentationAndSummaryOfSignificantAccountingPoliciess-ScheduleOfSupplementalCashFlowInformationRelatedToLeasesDetails Basis of Presentation and Summary of Significant Accounting Policiess - Schedule of Supplemental Cash Flow Information Related to Leases (Details) Details 24 false false R25.htm 00000025 - Disclosure - Basis of Presentation and Summary of Significant Accounting Policies - Schedule of Remaining Lease Term and Discount Rates for Operating Leases (Details) Sheet http://bluestarfoods.com/role/BasisOfPresentationAndSummaryOfSignificantAccountingPolicies-ScheduleOfRemainingLeaseTermAndDiscountRatesForOperatingLeasesDetails Basis of Presentation and Summary of Significant Accounting Policies - Schedule of Remaining Lease Term and Discount Rates for Operating Leases (Details) Details 25 false false R26.htm 00000026 - Disclosure - Basis of Presentation and Summary of Significant Accounting Policies - Schedule of Maturities of Lease Liabilities (Details) Sheet http://bluestarfoods.com/role/BasisOfPresentationAndSummaryOfSignificantAccountingPolicies-ScheduleOfMaturitiesOfLeaseLiabilitiesDetails Basis of Presentation and Summary of Significant Accounting Policies - Schedule of Maturities of Lease Liabilities (Details) Details 26 false false R27.htm 00000027 - Disclosure - Going Concern (Details Narrative) Sheet http://bluestarfoods.com/role/GoingConcernDetailsNarrative Going Concern (Details Narrative) Details http://bluestarfoods.com/role/GoingConcern 27 false false R28.htm 00000028 - Disclosure - Debt (Details Narrative) Sheet http://bluestarfoods.com/role/DebtDetailsNarrative Debt (Details Narrative) Details http://bluestarfoods.com/role/Debt 28 false false R29.htm 00000029 - Disclosure - Common Stock (Details Narrative) Sheet http://bluestarfoods.com/role/CommonStockDetailsNarrative Common Stock (Details Narrative) Details http://bluestarfoods.com/role/CommonStock 29 false false R30.htm 00000030 - Disclosure - Options (Details Narrative) Sheet http://bluestarfoods.com/role/OptionsDetailsNarrative Options (Details Narrative) Details http://bluestarfoods.com/role/OptionsTables 30 false false R31.htm 00000031 - Disclosure - Options - Schedule of Option Activity (Details) Sheet http://bluestarfoods.com/role/Options-ScheduleOfOptionActivityDetails Options - Schedule of Option Activity (Details) Details 31 false false R32.htm 00000032 - Disclosure - Warrants (Details Narrative) Sheet http://bluestarfoods.com/role/WarrantsDetailsNarrative Warrants (Details Narrative) Details http://bluestarfoods.com/role/Warrants 32 false false R33.htm 00000033 - Disclosure - Commitment and Contingencies (Details Narrative) Sheet http://bluestarfoods.com/role/CommitmentAndContingenciesDetailsNarrative Commitment and Contingencies (Details Narrative) Details http://bluestarfoods.com/role/CommitmentAndContingencies 33 false false R34.htm 00000034 - Disclosure - Subsequent Events (Details Narrative) Sheet http://bluestarfoods.com/role/SubsequentEventsDetailsNarrative Subsequent Events (Details Narrative) Details http://bluestarfoods.com/role/SubsequentEvents 34 false false All Reports Book All Reports aagi-20210331.xml aagi-20210331.xsd aagi-20210331_cal.xml aagi-20210331_def.xml aagi-20210331_lab.xml aagi-20210331_pre.xml http://fasb.org/us-gaap/2021-01-31 http://xbrl.sec.gov/dei/2021 http://fasb.org/srt/2021-01-31 true true ZIP 51 0001493152-21-011902-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001493152-21-011902-xbrl.zip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end