Company: GRPS
Filing Date: 2025-07-17
Form Type: 10-K
Source: 0001683168-25-005173
Chunk: 332

Company: Trans American Aquaculture, Inc
Filing Date: 2025-07-17
Form: 10-K
Item: Item 4
Chunk 332
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ANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

None.

    ITEM 9A.
    CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures 

We have established disclosure controls and procedures
that are designed to ensure that information required to be disclosed in reports filed or submitted under the Securities Exchange Act
of 1934, as amended (the “Exchange Act”), is recorded, processed, summarized and reported within the time periods specified
in the rules and forms of the SEC and, as such, is accumulated and communicated to our Chief Executive Officer who also serves as our
Chief Financial Officer, Adam Thomas, who serves as our principal executive officer and principal financial officer, as appropriate, to
allow timely decisions regarding required disclosure. Mr. Thomas has evaluated the effectiveness of our disclosure controls and procedures,
as defined in Rule 13a-15(e) of the Exchange Act, as of December 31, 2024. Based on his evaluation, Mr. Thomas concluded that, due to
a material weakness in our internal control over financial reporting as described below, our disclosure controls and procedures were not
effective as of December 31, 2024. In light of the material weakness in internal control over financial reporting, we completed substantive
procedures, including validating the completeness and accuracy of the underlying data used for accounting prior to filing this Form 10-K.

These additional procedures have allowed us to conclude
that, notwithstanding the material weakness in our internal control over financial reporting, the consolidated financial statements included
in this Form 10-K fairly present, in all material respects, our financial position, results of operations and cash flows for the periods
presented in conformity with accounting principles generally accepted in the United States of America.

Internal Control Over Financial Reporting 

Our management is responsible for establishing and
maintaining adequate internal controls over financial reporting for the Company. Due to limited resources, management conducted an evaluation
of internal controls based on criteria established in 2013 Internal Control - Integrated Framework issued by the Committee of Sponsoring
Organizations of the Treadway Commission (“COSO”). The results of this evaluation determined that our internal control
over financial reporting was ineffective as of December 31, 2024, due to material weaknesses. A material weakness in internal control
over financial reporting is defined as a deficiency, or a combination of deficiencies, in internal control over financial reporting, such
that there is a reasonable possibility that a material mis