# EDGAR Filing Document

**Accession Number:** 0001465470
**File Stem:** 0000000000-23-002512
**Filing Date:** 2023-3
**Character Count:** 10372
**Document Hash:** 4963c62aefbd5a5a8eeb21832ce5ff1f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-23-002512.hdr.sgml**: 20230811

**ACCESSION NUMBER**: 0000000000-23-002512

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230315

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NaturalShrimp Inc
- **CENTRAL INDEX KEY:** 0001465470
- **STANDARD INDUSTRIAL CLASSIFICATION:** FISHING, HUNTING & TRAPPING [0900]
- **IRS NUMBER:** 743262176
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** UPLOAD

**BUSINESS ADDRESS:**
- **STREET 1:** 5501 LBJ FREEWAY
- **STREET 2:** SUITE 450
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75240
- **BUSINESS PHONE:** (888) 791-9474

**MAIL ADDRESS:**
- **STREET 1:** 5501 LBJ FREEWAY
- **STREET 2:** SUITE 450
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75240

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MultiPlayer Online Dragon, Inc.
- **DATE OF NAME CHANGE:** 20090603
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001493152-22-018121

## Text-Extract

```

United States securities and exchange commission logo

                            March 15, 2023

       William Delgado
       Chief Financial Officer
       NaturalShrimp Inc.
       5501 LBJ Freeway, Suite 450
       Dallas, TX 75240

                                                        Re: NaturalShrimp Inc.
                                                            Form 10-K for the
Fiscal Year Ended March 31, 2022
                                                            Form 10-Q for the
Quarterly Period Ended December 31, 2022
                                                            Response dated
February 21, 2023
                                                            File No. 000-54030

       Dear William Delgado:

              We have reviewed your February 21, 2023 response to our comment
letter and have the
       following comments. In some of our comments, we may ask you to provide
us with information
       so we may better understand your disclosure.

              Please respond to these comments within ten business days by
providing the requested
       information or advise us as soon as possible when you will respond. If
you do not believe our
       comments apply to your facts and circumstances, please tell us why in
your response.

              After reviewing your response to these comments, we may have
additional
       comments. Unless we note otherwise, our references to prior comments are
to comments in our
       February 1, 2023 letter.

       Form 10-K for the Fiscal Year Ended March 31, 2022

       Consolidated Financial Statements
       Consolidated Statements of Cash Flows, page F-6

   1.                                                   In response to prior
comment 3 you set forth that you will reclass the additional
                                                        $1,250,000 that was
paid through the year end date from accounts payable to cash paid for
                                                        the License Agreement
as a revision to the prior period. It is not clear why your
                                                        revision is appropriate
under ASC 230-10. In addition, your response does not appear to
                                                        address the difference
between the statements of cash flows and your disclosure.
                                                        You disclose that
$4,750,000 in total was paid in cash during the fiscal year ended March
                                                        31, 2022 and that
$1,250,000 remained in accounts payable as of March 31, 2022,
                                                        whereas the statements
of cash flows shows $2,350,000. In tabular form, please tell us
 William Delgado
NaturalShrimp Inc.
March 15, 2023
Page 2
         how each separate payment was classified in your statements of cash
flows (e.g., cash
         outflows for investing activities or financing activities). Likewise,
tell us how amounts in
         accounts payable will be classified when paid. Revise your
Supplemental Disclosure of
         Non-Cash Investing and Financing Activities, as appropriate. Refer to
ASC 230-10-45-13
         (c) for cash outflows for investing activities and ASC 230-10-45-15(c)
for cash outflows
         for financing activities.
Note 2 - Summary of Significant Accounting Policies, page F-8

2.       We note your revised revenue recognition policy in response to prior
comment 4. Please
         revise your disclosure to describe in more detail, by type of customer
to the extent
         necessary, the following:

                Losses recorded under ASC 606-10-50-4(b);
                The significant payment terms, whether the consideration amount
is variable, and
              whether the estimate of variable consideration is typically
constrained in accordance
              with ASC 606-10-32-11 through 32-13, as addressed in ASC
606-10-50-12(b);
                Obligations for returns, refunds, and other similar obligations
as addressed in ASC
              606-10-50-12(d); and
                The judgments, and changes in judgments, that significantly
affect the determination
              of the amount and timing of revenue as addressed in ASC
606-10-50-17, 606-10-50-
              19, and 606-10-50-20(a) through (d).
Form 10-Q for the Quarterly Period Ended December 31, 2022

Note 6 - Convertible Debentures, page 15

3.       We note the maturity date of the Restructured Senior Note was modified
from December
         31, 2023 to December 4, 2023, however, the $20,223,035 is classified
as non-current on
         the balance sheet. Please describe for us the basis of your
classification of this amount.
      You may contact Michael Fay at 202-551-3812 or Jeanne Baker, Senior
Accountant, at
202-551-3691 with any other questions.

                                                               Sincerely,
FirstName LastNameWilliam Delgado
                                                               Division of
Corporation Finance
Comapany NameNaturalShrimp Inc.
                                                               Office of
Industrial Applications and
March 15, 2023 Page 2                                          Services
FirstName LastName

```

### Attached PDF Documents

**Attachment 1:** `filename1`

![img-0.jpeg](img-0.jpeg)

CORPORATION FINANCE

# UNITED STATES  
SECURITIES AND EXCHANGE COMMISSION  
WASHINGTON, D.C. 20549

March 15, 2023

William Delgado  
Chief Financial Officer  
NaturalShrimp Inc.  
5501 LBJ Freeway, Suite 450  
Dallas, TX 75240

**Re: NaturalShrimp Inc.**

**Form 10-K for the Fiscal Year Ended March 31, 2022**

**Form 10-Q for the Quarterly Period Ended December 31, 2022**

**Response dated February 21, 2023**

**File No. 000-54030**

Dear William Delgado:

We have reviewed your February 21, 2023 response to our comment letter and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure.

Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response.

After reviewing your response to these comments, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our February 1, 2023 letter.

Form 10-K for the Fiscal Year Ended March 31, 2022

Consolidated Financial Statements

Consolidated Statements of Cash Flows, page F-6

1. In response to prior comment 3 you set forth that you will reclass the additional $1,250,000 that was paid through the year end date from accounts payable to cash paid for the License Agreement as a revision to the prior period. It is not clear why your revision is appropriate under ASC 230-10. In addition, your response does not appear to address the difference between the statements of cash flows and your disclosure. You disclose that $4,750,000 in total was paid in cash during the fiscal year ended March 31, 2022 and that $1,250,000 remained in accounts payable as of March 31, 2022, whereas the statements of cash flows shows $2,350,000. In tabular form, please tell us

William Delgado
NaturalShrimp Inc.
March 15, 2023
Page 2

how each separate payment was classified in your statements of cash flows (e.g., cash outflows for investing activities or financing activities). Likewise, tell us how amounts in accounts payable will be classified when paid. Revise your Supplemental Disclosure of Non-Cash Investing and Financing Activities, as appropriate. Refer to ASC 230-10-45-13 (c) for cash outflows for investing activities and ASC 230-10-45-15(c) for cash outflows for financing activities.

Note 2 - Summary of Significant Accounting Policies, page F-8

2. We note your revised revenue recognition policy in response to prior comment 4. Please revise your disclosure to describe in more detail, by type of customer to the extent necessary, the following:

- Losses recorded under ASC 606-10-50-4(b);
- The significant payment terms, whether the consideration amount is variable, and whether the estimate of variable consideration is typically constrained in accordance with ASC 606-10-32-11 through 32-13, as addressed in ASC 606-10-50-12(b);
- Obligations for returns, refunds, and other similar obligations as addressed in ASC 606-10-50-12(d); and
- The judgments, and changes in judgments, that significantly affect the determination of the amount and timing of revenue as addressed in ASC 606-10-50-17, 606-10-50-19, and 606-10-50-20(a) through (d).

Form 10-Q for the Quarterly Period Ended December 31, 2022

Note 6 - Convertible Debentures, page 15

3. We note the maturity date of the Restructured Senior Note was modified from December 31, 2023 to December 4, 2023, however, the $20,223,035 is classified as non-current on the balance sheet. Please describe for us the basis of your classification of this amount.

You may contact Michael Fay at 202-551-3812 or Jeanne Baker, Senior Accountant, at 202-551-3691 with any other questions.

Sincerely,

Division of Corporation Finance
Office of Industrial Applications and
Services