Company: GRPS
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0001683168-25-005208
Chunk: 12

Company: Trans American Aquaculture, Inc
Filing Date: 2025-07-17
Form: 10-Q
Item: Part I, Item 1
Chunk 12
---
,  
    March 31, 

    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 Discount 18,600 
    $52,253  
    $93000 

    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 Discount 18,600 
    $67,400  
    $– 

    Secured Note to Arcadia Funding, LLC , a commercial Lender, occurred fixed interest at the rate of $12,500/ month, secured by real property, due December 16, 2024 
    $350,000  
    $– 

    Note to a bank, interest at 3.75%, due in monthly installments of $719.02 including interest, secured by real property, due in 2050 
     146,875  
     148,404 

     616,528  
     4,949,306 
  
    Less Current Portion 
     (562,063) 
     (619,826)

    Net Long-Term Debt 
    $54,465  
    $4,329,480 

     11 

The estimated notes payable maturities as of March 31, 2025 are as
follows:

    Schedule of estimated notes payable maturities 

    31-Dec-24 
    $562,063 
  
    31-Dec-25 
     0 
  
    31-Dec-26 
     0 
  
    30-Dec-27 
     0 
  
    31-Dec-28 
     0 
  
    Thereafter 
     0 

    Total notes payable  
    $562,063