Company: GRPS
Filing Date: 2025-10-16
Form Type: 10-Q/A
Source: 0001683168-25-007611
Chunk: 5

Company: Trans American Aquaculture, Inc
Filing Date: 2025-10-16
Form: 10-Q/A
Chunk 5
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| Preferred series D stock dividends                               |     | $                          | –        |   |     | $         |   43,995 |   |
| Common stock issued for services rendered                        |     | $                          | –        |   |     | $         |   19,012 |   |
| Capitalization of related party member notes to members' capital |     | $                          | –        |   |     | $         |        – |   |

<div align='center'>The accompanying notes are an integral part of these financial statements.</div>

| 8 |

<div align='center'>Trans American Aquaculture,
Inc.

(Formerly Gold River
Productions, Inc.)

Notes to Consolidated
Financial Statements

June 30, 2025 and 2025</div>

NOTE 1 – BUSINESS ORGANIZATION

Business Organization

Trans American Aquaculture, Inc. formerly Gold
River Productions, Inc. (GRP), (“the Company”) was incorporated in the State of Delaware on September 18, 2006, as Polythene
Metro Corp before being acquired by Gold River Productions, Inc. on January 25, 2007. The Company was re-incorporated in the State of
Colorado in July 2018. In February 2023, pursuant to shareholder and Board approval, the Company changed its name to Trans American Aquaculture,
Inc., reflective of its new management and operations, and applied to the Financial Industry Regulatory Authority (“FINRA”)
to change its ticker symbol from GRPS to TAAQ.

On August 28, 2022, Richard Goulding, executive
and selling party of Gold River Productions, Inc. and Adam Thomas, purchaser, executed a Stock Purchase Agreement (“SPA”).
Under the terms of the SPA, Mr. Goulding, agreed to sell to Adam Thomas, CEO of TAA, 9,078,000 shares of the Company’s Series
A Preferred Stock, and to retain 640,000 shares for later conversion to the Company’s common stock. Each share of Series
A Preferred Stock is convertible into 100 shares of the Company’s common stock. In addition, Mr. Thomas agreed to purchase
all the Company’s outstanding shares of Series B Preferred Stock from Mr. Goulding for a cash payment of $5,000.

In further consideration for the sale of the
shares of Series A and Series B Preferred Stock, Mr. Goulding agreed to:

1. Increase the authorized shares of the