Company: GRPS
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0001683168-25-005208
Chunk: 25

Company: Trans American Aquaculture, Inc
Filing Date: 2025-07-17
Form: 10-Q
Item: Part I, Item 1
Chunk 25
---
 operating activities was $25,090, due mainly to a net loss of $113,707 an increase in accounts payable of $84,135 mostly
of payroll liabilities, offset by a decrease of $38,522 in accrued interest .

By comparison, during the three-months ended March
31, 2024, net cash used in operating activities was $49,003, due mainly to a net loss of $261,873, an increase in accounts receivable
of $55,199 due sales of consumable shrimp, offset by a decrease of $39,017 in inventory levels, combined increases in accounts payable
and accrued expense of $64,394 due increased operations, and a $126,138 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 March 31, 2025,
we had $0 net cash used in investing activities. During the three-months ended March 31, 2024, we had $12,216 net cash used in investing
activities. This decrease is due to a lack of investment into any assets during the period.

Cash Flows from Financing Activities

During the three-months ended March 31, 2025,
net cash provided by financing activities was $32,784 which was mainly comprised of proceeds from the purchase of Preferred Series D Shares
of $33,000. During the three-months ended March 31, 2024, net cash provided by financing activities was $54,619 which was mainly comprised
of proceeds from notes payable of $93,000, offset by payments due related parties of $38,847.

 19 

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