Company: GRPS
Filing Date: 2025-07-17
Form Type: 10-K
Source: 0001683168-25-005173
Chunk: 724

Company: Trans American Aquaculture, Inc
Filing Date: 2025-07-17
Form: 10-K
Item: Item 9C
Chunk 724
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 shrimp harvest cycles and establish its customer base.

The Company's activities are subject to significant
risks and uncertainties, including failing to secure additional funding to operationalize the Company's current technology. Accordingly,
the Company's ability to continue as a going concern is highly dependent on its ability to raise additional capital and implement its
business plan as well as continuing to develop its brood stock in order to realize revenue. See Substantial Doubt about the Company’s
Ability to Continue as a Going Concern section of this report.

We have served as the Company’s auditor since 2021.

/s/ Burton, McCumber & Longoria, LLP

Brownsville, Texas

July 2, 2024

 F-4 

    Trans American Aquaculture, Inc.
  
    (Formerly Gold River Productions, Inc.)

    Consolidated Balance Sheets

    December 31,  
    December 31,  
    December 31, 

    2024  
    2023  
    2022 
  
    ASSETS 

    CURRENT ASSETS 

    Cash and cash equivalents 
    $–  
    $6,600  
    $– 
  
    Other receivable 
     26,480  
     –  
     46,038 
  
    Inventory 
     230,830  
     247,393  
     161,560 
  
    TOTAL CURRENT ASSETS 
     257,310  
     253,993  
     207,598 

    PROPERTY AND EQUIPMENT 
     1,237,992  
     7,935,824  
     7,920,692 
  
    Less accumulated depreciation 
     (547,287) 
     (527,827) 
     (457,920)
  
    NET PROPERTY AND EQUIPMENT 
     690,705  
     7,407,997  
     7,462,772 

    TOTAL ASSETS 
    $948,015  
    $7,661,990  
    $7,670,370 

    LIABILITIES AND STOCKHOLDERS' EQUITY 

    CURRENT LIABILITIES 

    Bank overdraft 
    $1,000  
    $–  
    $288 
  
    Accounts payable 
     530,776  
     403,731  
     223,