Company: GRPS
Filing Date: 2025-07-17
Form Type: 10-K
Source: 0001683168-25-005173
Chunk: 961

Company: Trans American Aquaculture, Inc
Filing Date: 2025-07-17
Form: 10-K
Item: Item 16
Chunk 961
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 uncertainties, including failing to secure additional
funding to operationalize the Company's current technology.

NOTE 12 – KEY EVENTS

Due to the Deed in Lieu (DIL) filed by the note
holder Kings Aqua Farm, LLC on the real property of the farm land on December 2, 2024, the company has written off the corresponding farm
asset along with the debt and accrued interest. As part of the DIL, the company is no longer responsible for the amount due and owed under
the note and as such has written off the balances and taken the loss.

 F-18