{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-018715","form_type":"8-K","ticker":"BSFC","cik":"0001730773","company_name":"Blue Star Foods Corp.","filed_at":"2023-05-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.276517+00:00","generated_at":"2026-06-14T17:25:37.573384+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Blue Star Foods Q1 revenue drops 64% to $1.9M, net loss $2.0M; Nasdaq delisting notice","bullets":["Revenue fell 64% YoY to $1.9M; gross margin improved to 15% vs 9.2%.","Net loss widened 85% to $2.0M; adjusted EBITDA loss $0.9M.","Raised $1.8M via Aegis; post-quarter $150k at $0.20 with institutional fund, potential $10M.","Received Nasdaq bid-price delisting notice; hearing requested, reverse split authorized.","Non-binding term sheet with Lind Global for $1.2M convertible note and warrant."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-018715","json":"https://secwatch.observer/filing/0001493152-23-018715.json","markdown":"https://secwatch.observer/filing/0001493152-23-018715.md","text":"https://secwatch.observer/filing/0001493152-23-018715.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1730773/000149315223018715/0001493152-23-018715-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1730773/000149315223018715/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T17:25:37.573384+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"23c5baf8e960f888c6e3d702c178949e2deeb84f","claim":"Blue Star Foods Corp. reported the three months ended March 31, 2023 results: revenue $1.9 million, net income $2.0 million.","evidence_excerpt":"announced unaudited financial and operational results for the three months ended March 31, 2023. Key Financial Highlights for the Three Months Ended March 31, 2023 ● Revenue of $1.9 million ● RAS revenues increased to $0.6 million ● Gross profit of $0.3 million ● Operating loss of $0.9 million ● Net loss of $2.0 million (included $1.1 million of non-cash loss on","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1730773/000149315223018715/0001493152-23-018715-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2023"},{"label":"Revenue","value":"$1.9 million"},{"label":"Net income","value":"$2.0 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}