Company: GRPS
Filing Date: 2025-10-15
Form Type: 10-Q
Source: 0001683168-25-007573
Chunk: 32

Company: Trans American Aquaculture, Inc
Filing Date: 2025-10-15
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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 ended June 30, 2025,
net cash provided by financing activities was $674,606 which was mainly comprised of proceeds from the purchase of Preferred Series D
Shares of $40,000 and reclassification of related party notes payable. During the three-months ended June 30, 2024, net cash provided
by financing activities was $338,672 which was mainly comprised of proceeds from notes payable of $350,000, offset by payments due related
parties of $103,355.

During the six-months ended June 30, 2025, net
cash provided by financing activities was $699,696 which was mainly comprised of proceeds from the purchase of Preferred Series D Shares
of $73,000 reclassification of related party notes payable. During the six-months ended June 30, 2024, net cash provided by financing
activities was $395,397 which was mainly comprised of proceeds from notes payable of $443,000, offset by payments due to shareholders
of $70,850, and notes payable of $32,505.

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.

 22 

Recent Accounting Pronouncements

We have provided a discussion of recent accounting
pronouncements in NOTE 2 to the Quarterly Consolidated Financial Statements for June 30, 2025 and 2024.

Item 3. Quantitative
and Qualitative Disclosures About Market Risk