Company: GRPS
Filing Date: 2025-10-15
Form Type: 10-Q
Source: 0001683168-25-007573
Chunk: 14

Company: Trans American Aquaculture, Inc
Filing Date: 2025-10-15
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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 247,540  
     –  
     – 
  
    Total Held for Sale 
     247,540  
     118,259  
     – 
  
    Broodstock - Restocking 
     54,869  
     90,549  
     161,560 

    Total inventory 
    $302,409  
    $208,808  
    $161,560 

NOTE 5 – PROPERTY AND EQUIPMENT

As of June 30, 2025, and June 30, 2024, the Company
had the following property and equipment:

    Schedule of  property and equipment 

    June 30,  
    June 30, 

    2025  
    2024 
  
    Autos and trucks 
    $9,179  
    $66,845 
  
    Building and improvements 
     668,289  
     668,289 
  
    Farm equipment 
     348,949  
     440,598 
  
    Other equipment 
     85,332  
     646,066 

     1,111,750  
     1,821,798 
  
    Less: accumulated depreciation 
     (460,812) 
     (545,522)

     650,938  
     1,276,276 
  
    Land 
     126,243  
     6,126,242 

    Net property and equipment 
    $777,180  
    $7,402,518 

NOTE 6 –NOTES PAYABLE

Notes payable as of June 30, 2025 and June 30,
2024, consisted of the following:

    Schedule of notes payable 

    June 30, 
    June 30,

    2025 
    2024
  
    Note to an entity by the former owner of farm property, interest at 6.00%, due in monthly installments of $38,687 including interest, secured by real property, due in 2039 
    $–  
    $4,707,902 

    Promissory Note to 1800 Diagonal, a commercial lender, with a one-time interest of 13%, due in four installments beginning August 30, 2024, and a due in total by November 30, 2024, Original