Company: GRPS
Filing Date: 2025-07-17
Form Type: 10-K
Source: 0001683168-25-005173
Chunk: 230

Company: Trans American Aquaculture, Inc
Filing Date: 2025-07-17
Form: 10-K
Item: Item 2
Chunk 230
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 $15,132 net cash used in investing activities.
The difference was in removal of the farm note and land improvements related to the Deed in Lieu of Foreclosure.

Cash Flows from Financing Activities

During the year ended December 31, 2024, net cash
provided by financing activities was $4,774,987 which was mainly comprised of which was mainly comprised of debt extinguishment of the
farm note due to the deed in Lieu of Foreclosure. During the year ended December 31, 2023, net cash provided by financing activities was
$1,129,644 which was mainly comprised of purchases of Series D Preferred Stock of $1,028,000 by GHS, additional borrowings from our shareholders
of $255,227, offset by $103,266 of payments to shareholder noteholders.

Factors That May Affect Future Results

Management’s Discussion and Analysis contains
information based on management’s beliefs and forward-looking statements that involve several risks, uncertainties, and assumptions.
There can be no assurance that actual results will not differ materially from the forward-looking statements as a result of various factors,
including but not limited to, our ability to obtain the equity/debt funding or borrowings necessary to produce, market and launch our
products, our ability to successfully serially produce and market our products; our success establishing and maintaining production lines;
the acceptance of our products by customers; our continued ability to pay operating costs; our ability to meet demand for our products;
the amount and nature of competition from our competitors; the effects of technological changes on products and product demand; and our
ability to successfully adapt to market forces and technological demands of our customers.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements
that have or are reasonably likely to have a current or future material effect on our consolidated financial condition, changes in financial
condition, revenues or expenses, results of operations, liquidity capital expenditures or capital resources.

Recent Accounting Pronouncements

We have provided a discussion of recent accounting
pronouncements in NOTE 2 to the Audited Annual Consolidated Financial Statements for 2024.

 17 

    ITEM 7A.
    QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable.

    ITEM 8.
    FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

The financial statements of the Company are included
beginning on page F-1 immediately following the signature page to this Form 10