Company: GRPS
Filing Date: 2025-10-15
Form Type: 10-Q
Source: 0001683168-25-007573
Chunk: 44

Company: Trans American Aquaculture, Inc
Filing Date: 2025-10-15
Form: 10-Q
Item: Part I, Item 2
Chunk 44
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989,069 mostly
of payroll liabilities, professional services and reclassification of notes payment from related parties. By comparison, during the six-months
ended June 30, 2024, net cash used in operating activities was $389,780, due mainly to a net loss of $568,332, an decrease in accounts
receivable of $30,526 due sales of consumable shrimp, offset by a decrease of $122,838 in inventory levels, combined decrease in accounts
payable and accrued expense of $44,793 due to increased operations, and a $38,468 increase in accrued interest expense due mainly to falling
into arrears on the note payable covering our farm property and increased interest expense on notes payable to shareholders.

Cash Flows from Investing Activities

During the three-months ended June 30, 2025, we
had $10,616 net cash used in investing activities. During the three-months ended June 30, 2024, we had $0 net cash used in investing activities.

During the six-months ended June 30, 2025, we
had $10,616 net cash used in investing activities. During the six-months ended June 30, 2024, we had $12,216 net cash used in investing
activities.

Cash Flows from Financing Activities

During the three-months ended June 30, 2025,
net cash provided by financing activities was $674,606 which was mainly comprised of proceeds from the purchase of Preferred Series D
Shares of $40,000 and reclassification of related party notes payable. During the three-months ended June 30, 2024, net cash provided
by financing activities was $338,672 which was mainly comprised of proceeds from notes payable of $350,000, offset by payments due related
parties of $103,355.

During the six-months ended June 30, 2025, net
cash provided by financing activities was $699,696 which was mainly comprised of proceeds from the purchase of Preferred Series D Shares
of $73,000 reclassification of related party notes payable. During the six-months ended June 30, 2024, net cash provided by financing
activities was $395,397 which was mainly comprised of proceeds from notes payable of $443,000, offset by payments due to shareholders
of $70,850, and notes payable of $32,505.

Factors That May Affect Future Results

Management’s