v3.22.2
Consolidated Balance Sheets - USD ($)
Mar. 31, 2022
Mar. 31, 2021
Current assets    
Cash $ 1,734,040 $ 155,795
Accounts receivable 14,385
Escrow account 1,500,000
Inventory 69,170
Prepaid expenses 1,511,546 655,339
Total current assets 4,829,141 811,134
Fixed assets, net 14,798,103 12,236,557
Other assets    
Construction-in-process 1,087,101 1,873,219
Patents, net 6,658,500
License Agreement, net 10,222,376
Right of Use asset 282,753 275,400
Deposits 20,633 20,633
Total other assets 18,271,363 2,169,252
Total assets 37,898,607 15,216,943
Current liabilities    
Accounts payable 2,802,787 963,289
Accrued interest 500,450 73,350
Accrued interest - related parties 203,520 187,520
Other accrued expenses 207,418 602,368
Accrued expenses - related parties 200,000
Short-term Promissory Note and Lines of credit 20,044 573,621
Bank loan 8,725
PPP loan 103,200
Convertible debenture 483,637
Note payable 96,000 96,000
Notes payable - related parties 495,412 1,151,162
Dividends payable 296,630 182,639
Derivative liability 13,101,000
Warrant liability 3,923,000
Total current liabilities 21,846,261 4,425,511
Bank loans, less current maturities 206,127
Convertible debenture, less unamortized debt discount of $13,940,000 2,629,079
Notes payable 5,000,000
Note payable, less current maturities 119,604 215,604
Lease Liability 286,253 275,400
Total liabilities 24,881,197 10,122,642
Commitments and contingencies (Note 17)  
Stockholders’ deficit    
Common stock, $0.0001 par value, 900,000,000 shares authorized, 674,831,624 shares issued and 674,644,124 shares outstanding at March 31, 2022 and 560,745,180 and 379,742,524 shares issued and outstanding at March 31, 2021, respectively 67,500 56,075
Additional paid in capital 96,701,607 56,649,491
Stock payable 20,132,650 136,000
Subscription receivable
Accumulated deficit (150,036,023) (53,683,268)
Total stockholders’ deficit attributable to NaturalShrimp, Inc. shareholders (33,133,766) 3,158,798
Non-controlling interest in NAS (87,830)
Total stockholders’ deficit (33,133,766) 3,070,968
Total liabilities, mezzanine and stockholders’ deficit 37,898,607 15,216,943
Series D Redeemable Convertible Preferred Stock [Member]    
Current liabilities    
Redeemable Convertible Preferred stock 2,023,333
Series E Redeemable Convertible Preferred Stock [Member]    
Current liabilities    
Redeemable Convertible Preferred stock 2,539,176
Series F Redeemable Convertible Preferred Stock [Member]    
Current liabilities    
Redeemable Convertible Preferred stock 43,612,000
Series A Preferred Stock [Member]    
Stockholders’ deficit    
Convertible preferred stock 500 500
Series B Preferred Stock [Member]    
Stockholders’ deficit    
Convertible preferred stock

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