Company: GRPS
Filing Date: 2025-07-17
Form Type: 10-K
Source: 0001683168-25-005173
Chunk: 6

Company: Trans American Aquaculture, Inc
Filing Date: 2025-07-17
Form: 10-K
Item: Item 1
Chunk 6
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s. We start the process in January, then end in November.
Broodstock take longer to develop but we believe that this process is worth the wait as, in time, a superior shrimp is more consistently
produced.

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https://www.worldwildlife.org/industries/farmed-shrimp

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Our business is seasonal. We grow shrimp in outdoor,
open-air ponds which are subject to weather conditions. Our process starts in January where we mate the broomstick to produce nauplii,
this is the first larval stage of the shrimp. The mating and collection of the eggs takes roughly one month. After that, the nauplii are
transferred into our larviculture building, where they grow for roughly 21 days into post larvae. At this point they start to resemble
the shrimp that is seen in our final product. Post the 21-day larviculture stage, the shrimp move into nurserys where they are grown for
another 14-21 days in order to increase their robustness prior to stocking in the open-air ponds. Roughly 2.5 months into the process,
they are ready for stocking in the open-air ponds, which brings the process to middle of March, which is when we start to stock the grow
out ponds. The shrimp take on average 95 days to reach harvest size (27 grams) which brings the process to the middle of June when we
begin our harvest. We will conclude the harvest by June 30th, let the ponds settle for two weeks then restock all the ponds
by mid-July, early August first for an end of October/early November second harvest. The larviculture cycle for the second stocking and
harvest begins in May, following the timeline given above for the larval and post larval stages, gives us the second stocking of the grow
our ponds in mid-July to early August.

Our revenue recognition cycles will be June &
July for the first harvest, and October and November for the second.

A secondary source of revenue that the company is
exploring is the exportation of broodstock. We believe this presents a significant opportunity to increase revenue in off cycle times
from the normal shrimp harvests. We have received approval from the Coastal Aquaculture Authority of India as a preferred broodstock importer.
We plan to invest funding into this area and are working with an approved exporter to fulfil orders for broodstock.

Sourcing

The main