Company: GRPS
Filing Date: 2025-07-17
Form Type: 10-K
Source: 0001683168-25-005173
Chunk: 758

Company: Trans American Aquaculture, Inc
Filing Date: 2025-07-17
Form: 10-K
Item: Item 10
Chunk 758
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 by management, as well as evaluating
the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.

Critical Audit Matters

Critical audit matters are matters arising from
the current period audit of the financial statements that were communicated or required to be communicated to the audit committee and
that: (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging,
subjective, or complex judgments. Communication of critical audit matters does not alter in any way our opinion on the financial statements
taken as a whole and we are not, by communicating the critical audit matters, providing separate opinions on the critical audit matter
or on the accounts or disclosures to which they relate.

 F-1 

Going Concern Uncertainty
– See also Going Concern Uncertainty explanatory paragraph above:

As described in Note
11 to the consolidated financial statements, the Company has operating losses. Furthermore, the company has not generated sufficient revenue
to cover its operating expenses since the inception of business. The ability of the Company to continue as a going concern is dependent
upon ability to raise additional capital and implement its business plan as well as continuing to develop its brood stock in order to
fulfil recently signed contracts These conditions raise substantial doubt about the Company’s ability to continue as a going concern.

The procedures performed to address the matter
included.

(i)We inquired of executive officers, and key members of management, of the Company regarding factors that
would have an impact on the Company’s ability to continue as a going concern,

(ii)We evaluated management’s plan for addressing the adverse effects of the conditions identified,
including assessing the reasonableness of forecasted information and underlying assumptions by comparing to actual results of prior periods
and actual results achieved to date, and utilizing our knowledge of the entity, its business and management in considering liquidity needs
and the Company’s ability to generate sufficient cash flow,

(iii)We assessed the possibility of raising additional debt or credit,

(iv)We evaluated the completeness and accuracy of disclosures in the financial statements.

/S/ Boladale Lawal

Boladale Lawal & CO (PCAOB ID 6993)

We have served as the Company’s auditor
since 2025

Lagos, Nigeria

July 17, 2025

 F-2 

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM

To the Board of Directors and
Stockholders of Trans American Aquaculture, Inc