v3.22.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2021
Mar. 31, 2021
Current assets    
Cash $ 2,665,205 $ 155,795
Escrow account 5,000,000 0
Inventory 28,128 0
Prepaid expenses 326,505 655,339
Total current assets 8,019,838 811,134
Fixed assets 13,766,272 12,236,557
Other assets    
Construction-in-process 2,306,608 1,873,219
Patents 6,756,000 0
License Agreement 10,492,376  
Right of Use asset 301,733 275,400
Deposits 20,633 20,633
Total other assets 19,877,350 2,169,252
Total assets 41,663,460 15,216,943
Current liabilities    
Accounts payable 3,321,164 963,289
Accrued interest 10,850 73,350
Accrued interest - related parties 203,520 187,520
Other accrued expenses 500,472 602,368
Accrued expenses - related parties 200,000 0
Short-term Promissory Note and Lines of credit 20,044 573,621
Bank loan 0 8,725
PPP loan 0 103,200
Convertible debenture 0 483,637
Note payable 96,000 96,000
Notes payable - related parties 495,412 1,151,162
Dividends payable 472,803 182,639
Derivative liability 12,985,000 0
Warrant liability 6,047,000  
Total current liabilities 24,352,265 4,425,511
Bank loans, less current maturities 0 206,127
Convertible debenture, less unamortized debt discount of $15,400,000 340,000 0
Notes payable 0 5,000,000
Note payable, less current maturities 143,604 215,604
Lease Liability 303,920 275,400
Total liabilities 25,139,789 10,122,642
Stockholders' equity    
Common stock, $0.0001 par value, 900,000,000 shares authorized, 642,222,044 and 560,745,180 shares issued and 641,822,043 and 560,745,180 shares outstanding at December 31, 2021 and March 31, 2021, respectively 64,183 56,075
Additional paid in capital 86,808,591 56,649,491
Stock Payable 29,524,000 136,000
Accumulated deficit (101,798,974) (53,683,268)
Total stockholders' equity attributable to NaturalShrimp Incorporated shareholders 14,598,300 3,158,798
Non-controlling interest in NAS 0 (87,830)
Total stockholders' equity 14,598,300 3,070,968
Total liabilities mezzanine and stockholders' equity 41,663,460 15,216,943
Series E Redeemable Convertible Preferred stock [Member]    
Stockholders' equity    
Series E Redeemable Convertible Preferred stock, $0.0001 par value, 10,000 shares authorized, 2,840 and 0 shares issued and outstanding at December 31, 2021 and March 31, 2021, respectively 1,925,371  
Series D Redeemable Convertible Preferred stock [Member]    
Stockholders' equity    
Series E Redeemable Convertible Preferred stock, $0.0001 par value, 10,000 shares authorized, 2,840 and 0 shares issued and outstanding at December 31, 2021 and March 31, 2021, respectively 0 2,023,333
Series A Preferred Stock [Member]    
Stockholders' equity    
Series E Redeemable Convertible Preferred stock, $0.0001 par value, 10,000 shares authorized, 2,840 and 0 shares issued and outstanding at December 31, 2021 and March 31, 2021, respectively 500 500
Series B Preferred Stock [Member]    
Stockholders' equity    
Series E Redeemable Convertible Preferred stock, $0.0001 par value, 10,000 shares authorized, 2,840 and 0 shares issued and outstanding at December 31, 2021 and March 31, 2021, respectively $ 0 $ 0

Source