Company: GRPS
Filing Date: 2025-07-17
Form Type: 10-K
Source: 0001683168-25-005173
Chunk: 534

Company: Trans American Aquaculture, Inc
Filing Date: 2025-07-17
Form: 10-K
Item: Item 7A
Chunk 534
---
  
     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  
     223,476 
  
    Accrued interest expense 
     114,568  
     789,265  
     446,870 
  
    Other accrued expenses 
     753,870  
     345,825  
     138,532 
  
    Income tax payable 
     –  
     –  
     46,038 
  
    Related parties notes 
     1,646,636  
     1,667,985  
     1,516,025 
  
    Current portion of notes payable 
     562,063  
     525,609  
     326,716 
  
    TOTAL CURRENT LIABILITIES 
     3,608,912  
     3,732,416  
     2,697,945 

    LONG-TERM LIABILITIES 

    Notes payable, net of current portion 
     561,087  
     4,332,293  
     4,581,215 
  
    Deferred tax liability, net 
     –  
     –  
     26,937 
  
    TOTAL LONG-TERM LIABILITIES 
     561,087  
     4,332,293  
     4,608,152 

    STOCKHOLDERS' (DEFICIT) EQUITY 

    Common stock, $.000001 par value, 6,000,000