Company: GRPS
Filing Date: 2025-07-17
Form Type: 10-K
Source: 0001683168-25-005173
Chunk: 585

Company: Trans American Aquaculture, Inc
Filing Date: 2025-07-17
Form: 10-K
Item: Item 8
Chunk 585
---
,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 31, 2023, consisted of the following:

    Schedule of notes payable 

    December 31,  
    December 31, 

    2024  
    2023 
  
    Note to an entity by the former owner of farm property, interest at 6.00%, due in monthly installments of $38,687 including interest, secured by real property, due in 2039 
    $–  
    $4,707,902 

    Promissory Note to 1800 Diagonal, a commercial lender, with a one-time interest of 13%, due in four installments beginning August 30, 2024, and a due in total by November 30, 2024, Original Discount 18,600 
     52,253  
     – 

    Promissory Note to 1800 Diagonal, a commercial lender, with a one-time interest of 13%, due in four installments beginning August 30, 2024, and a due in total by November 30, 2024, Original Discount 18,600 
     67,400  
     – 

    Secured Note to Arcadia Funding, LLC , a commercial Lender, accrued fixed interest at the rate of $12,500/ month, secured by real property, due December 16, 2024 
     350,000  
     – 

    Note to a bank, interest at 3.75%, due in monthly installments of $719.02 including interest, secured by real property, due in 2050 
     146,875  
     150,000 

     616,528  
     4,857,902 
  
    Less Current Portion 
     (562,063) 
     (525,609)

    Net Long