Company: GRPS
Filing Date: 2025-10-15
Form Type: 10-Q
Source: 0001683168-25-007573
Chunk: 31

Company: Trans American Aquaculture, Inc
Filing Date: 2025-10-15
Form: 10-Q
Item: Part I, Item 1
Chunk 31
---
 proceeds of $88,000. Upon full maturity, the Company will have paid a total of $126,108 of principal and interest
on this note.

 21 

Cash Flows from Operating Activities

During the three-months ended June 30, 2025, net
cash used in operating activities was $691,719, due mainly to a net loss of $204,038, an increase in accounts payable of $1,073,204 mostly
of an payroll liabilities, professional services and reclassification of notes payment from related parties, and an increase of $607,881
in accrued interest. By comparison, during the three-months ended June 30, 2024, net cash used in operating activities was $389,780, due
mainly to a net loss of $568,332, payroll liabilities, offset by an increase of $216,203 in accrued interest.

During the six-months ended June 30, 2025, net
cash used in operating activities was $716,809, due mainly to a net loss of $317,745, an increase in accounts payable of $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