Company: GRPS
Filing Date: 2025-10-16
Form Type: 10-Q/A
Source: 0001683168-25-007611
Chunk: 11

Company: Trans American Aquaculture, Inc
Filing Date: 2025-10-16
Form: 10-Q/A
Chunk 11
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7, 2024, totaled $135,847, of
which $0 remains outstanding after factoring fees at June 30, 2025 and $0 at June 30, 2024.

NOTE 4 – INVENTORY

The inventory at June 30, 2025, consists of shrimp
broodstock held for sale, and broodstock held for restocking. Included in this amount is the broodstock cost basis reclassified to shrimp
held for sale as those costs are applicable expenditures and charges directly and indirectly incurred in bringing shrimp inventory to
its existing condition and location as noted in FASB ASC 330-10-30. Although, these animals will eventually come to end of life, their
costs are considered part of the necessary costs to birthing and raising shrimp held for sale.

Just prior to harvest, the Company segregates
and retains selected premium shrimp to become broodstock for the following shrimp harvest cycle. Upon identification and segregation,
the selected animals are transferred from outdoor ponds to specialized indoor tanks. These tanks are highly regulated with respect to
temperature, lighting and salinity levels. Costs allocated to broodstock animals at June 30, 2025 and June 30, 2024 totaled $54,869 and
$90,549, respectively.

The number of broodstock was maintained at 4,415 in
the year ended December 31, 2024 to the current reporting period of June 30, 2025.

| 12 |

Total inventory is as follows at:

| Schedule of inventory   
 Held for Sale           |     | 2025 |         |     | 2024 |         |     | 2023 |         |
|:------------------------|:----|:-----|--------:|:----|:-----|--------:|:----|:-----|--------:|
| Shrimp                  |     | $    |       – |     | $    | 118,259 |     | $    |       – |
| Broodstock              |     |      | 247,540 |     |      |       – |     |      |       – |
| Total Held for Sale     |     |      | 247,540 |     |      | 118,259 |     |      |       – |
| Broodstock - Restocking |     |      |  54,869 |     |      |  90,549 |     |      | 161,