Company: GRPS
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0001683168-25-005208
Chunk: 11

Company: Trans American Aquaculture, Inc
Filing Date: 2025-07-17
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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 respectively.

     10 

The number of broodstock was maintained at 4,415
in the year ended December 31, 2024 to the current reporting period of March 31, 2025. The write-down is included in the cost of revenues
in the consolidated statement of operations.

Total inventory is as follows at:

    Schedule of inventory 

    2025  
    2024  
    2022 
  
    Held for Sale 

    Shrimp 
    $–  
    $118,259  
    $– 
  
    Broodstock 
     210,000  
     –  
     – 
  
    Total Held for Sale 
     210,000  
     118,259  
     – 
  
    Broodstock - Restocking 
     54,869  
     90,549  
     161,560 

    Total inventory 
    $264,869  
    $208,808  
    $161,560 

NOTE 5 – PROPERTY AND EQUIPMENT

As of March 31, 2025, and March 31, 2024, the
Company had the following property and equipment:

    Schedule of  property and equipment 

    March 31,  
    March 31, 

    2025  
    2024 
  
    Autos and trucks 
    $9,179  
    $66,845 
  
    Building and improvements 
     668,289  
     668,289 
  
    Farm equipment 
     348,949  
     440,598 
  
    Other equipment 
     85,332  
     646,066 

     1,111,750  
     1,821,798 
  
    Less: accumulated depreciation 
     (547,287) 
     (545,522)

     564,463  
     1,276,276 
  
    Land 
     126,243  
     6,126,242 

    Net property and equipment 
    $690,705  
    $7,402,519 

NOTE 6 –NOTES PAYABLE

Notes payable as of March 31, 2025 and March
31, 2024, consisted of the following:

     Schedule of notes payable 

    March 31