v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS    
Sales $ 0 $ 0
Operating expenses:    
General and administrative 1,644,262 335,979
Research and development 0 0
Facility operations 239,325 11,372
Depreciation and amortization 354,503 10,781
Total operating expenses 2,238,090 358,132
Net loss from operations (2,238,090) (358,132)
Other income (expense):    
Interest expense (81,536) (30,026)
Amortization of debt discount (236,364) 0
Financing costs (109,953) (61,809)
Change in fair value of derivative liability 0 (29,000)
Change in fair value of warrant liability 0 0
Forgiveness of PPP loan 103,200 0
Loss on disposal of fixed assets 0 0
Loss due to fire 0 0
Total other income (expense) (324,653) (120,835)
Loss before income taxes (2,562,743) (478,967)
Provision for income taxes 0 0
Net loss (2,562,743) (478,967)
Less net loss attributable to non-controlling interest 0 (1,895)
Net loss attributable to NaturalShrimp Incorporated (2,562,743) (477,072)
Amortization of beneficial conversion feature on Preferred shares (817,376) (293,000)
Accretion on Series D Preferred shares   0
Redemption and exchange of Series D Preferred shares (5,792,947) 0
Dividends   (144,792)
Net loss available for common stockholders $ (9,173,066) $ (914,864)
EARNINGS PER SHARE (Basic and diluted) $ (0.02) $ (0.00)
WEIGHTED AVERAGE SHARES OUTSTANDING (Basic and diluted) 501,477,593 386,434,991

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