Company: GRPS
Filing Date: 2025-07-17
Form Type: 10-K
Source: 0001683168-25-005173
Chunk: 897

Company: Trans American Aquaculture, Inc
Filing Date: 2025-07-17
Form: 10-K
Item: Item 14
Chunk 897
---
 
  
    Total Held for Sale 
     210,000  
     191,031  
     – 
  
    Broodstock - Restocking 
     20,830  
     56,362  
     161,560 

    Total inventory 
    $230,830  
    $247,393  
    $161,560 

NOTE 5 – PROPERTY AND EQUIPMENT

As of December 31, 2024, and December
31, 2023, the Company had the following property and equipment:

    Schedule of  property and equipment 

    December 31,  
    December 31,  
    December 31, 

    2024  
    2023  
    2022 
  
    Autos and trucks 
    $9,179  
    $66,845  
    $66,845 
  
    Building and improvements 
     668,289  
     656,389  
     656,389 
  
    Farm equipment 
     348,949  
     440,281  
     425,149 
  
    Other equipment 
     85,332  
     646,066  
     646,066 

     1,111,750  
     1,809,581  
     1,794,449 
  
    Less: accumulated depreciation 
     (547,287) 
     (527,827) 
     (457,920)

     564,463  
     1,281,754  
     1,336,529 
  
    Land 
     126,243  
     6,126,243  
     6,126,243 

    Net property and equipment 
    $690,705  
    $7,407,997  
    $7,462,772 

Depreciation
expense for the year ended December 31, 2024 and 2023, totaled approximately $52,291
and $55,585. The
amount of depreciation expense in cost of goods sold or inventory totaled $0
and $52,626
for the years ended December 31, 2024 and 2023.

     F-13 

NOTE 6 –NOTES PAYABLE

Notes payable as of December 31, 2024
and December