Company: GRPS
Filing Date: 2025-07-17
Form Type: 10-K
Source: 0001683168-25-005173
Chunk: 143

Company: Trans American Aquaculture, Inc
Filing Date: 2025-07-17
Form: 10-K
Item: Item 1B
Chunk 143
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 the conditions identified,
including assessing the reasonableness of forecasted information and underlying assumptions by comparing to actual results of prior periods
and actual results achieved to date, and utilizing our knowledge of the entity, its business and management in considering liquidity needs
and the Company’s ability to generate sufficient cash flow,

(iii)We assessed the possibility of raising additional debt or credit,

(iv)We evaluated the completeness and accuracy of disclosures in the financial statements.

/S/ Boladale Lawal

Boladale Lawal & CO (PCAOB ID 6993)

We have served as the Company’s auditor
since 2025

Lagos, Nigeria

July 17, 2025

 F-2 

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM

To the Board of Directors and
Stockholders of Trans American Aquaculture, Inc.

(formerly Gold River Productions, Inc.)

Opinion

We have audited the accompanying consolidated balance
sheets of Trans American Aquaculture, Inc. (formerly Gold River Productions, Inc.) and Subsidiary (“the Company”), a Colorado
Corporation, as of December 31, 2023 and 2022 and related consolidated statements of operations, stockholders’ equity and cash flows
for each of the three years in the period ended December 31, 2023, and related notes to the consolidated financial statements (collectively
referred to as the consolidated financial statements). In our opinion, the financial statements present fairly, in all material respects,
the financial position of the Company as of December 31, 2023 and 2021 and the results of its operations and its cash flows for each of
the three years in the period ended December 31, 2023, in conformity with accounting principles generally accepted in the United States
of America.

Substantial Doubt about the Company’s Ability to Continue as a
Going Concern

The accompanying consolidated financial statements
have been prepared assuming that the Company will continue as a going concern. As discussed in Note 11 to the consolidated financial statements,
the Company is a development stage company because its principal operations have commenced, but there has been no significant revenue
therefrom which raises substantial doubt about its ability to continue as a going concern. In addition, the Company’s current liabilities
exceed its current assets by $3,478,423 and has an accumulated deficit of $2,866,673 and is highly dependent on external financing to
continue operations.