Company: GRPS
Filing Date: 2025-07-17
Form Type: 10-K
Source: 0001683168-25-005173
Chunk: 737

Company: Trans American Aquaculture, Inc
Filing Date: 2025-07-17
Form: 10-K
Item: Item 9C
Chunk 737
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 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  
     – 

    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, accrued 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  
     150,000 

     616,528  
     4,857,902 
  
    Less Current Portion 
     (562,063) 
     (525,609)

    Net Long-Term Debt 
    $54,465  
    $4,332,293 

The estimated notes payable maturities as of December 31,
2024 are as follows:

    Schedule of estimated notes payable maturities 

    December 31, 2024 
    $562,063 
  
    December 31, 2025 
     – 
  
    December 31, 2026 
     – 
  
    December 31, 2027 
     – 
  
    December 31, 2028 
     – 
  
    Thereafter 
     – 

    Total notes payable 
    $562,063 

In
February 2024, the Company signed an unsecured promissory note with a lender for $111,600, bearing one-time interest at the rate of 13%,
and maturing on four