Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2021
Mar. 31, 2021
Current assets    
Cash $ 800,531 $ 155,795
Prepaid expenses 287,068 655,339
Total current assets 1,087,599 811,134
Fixed assets 12,269,987 12,236,557
Other assets    
Construction-in-process 3,171,038 1,873,219
Patents 6,853,500 0
License Agreement 10,762,376  
Right of Use asset 320,461 275,400
Deposits 20,633 20,633
Total other assets 21,128,008 2,169,252
Total assets 34,485,594 15,216,943
Current liabilities    
Accounts payable 3,821,506 963,289
Accrued interest 73,350 73,350
Accrued interest - related parties 187,520 187,520
Other accrued expenses 543,972 602,368
Accrued expenses - related parties 600,000 0
Short-term Promissory Note and Lines of credit 20,044 573,621
Bank loan 10,380 8,725
PPP loan 0 103,200
Convertible debentures 0 483,637
Note payable 96,000 96,000
Notes payable - related parties 495,412 1,151,162
Dividends payable 360,226 182,639
Total current liabilities 6,208,410 4,425,511
Bank loans, less current maturities 200,358 206,127
Notes payable 5,000,000 5,000,000
Note payable, less current maturities 167,604 215,604
Lease Liability 321,336 275,400
Total liabilities 11,897,708 10,122,642
Stockholders' deficit    
Common stock, $0.0001 par value, 900,000,000 shares authorized, 607,134,014 and 560,745,180 shares issued and 606,821,513 and 560,745,180 shares outstanding at September 30, 2021 and March 31, 2021, respectively 60,683 56,075
Additional paid in capital 74,609,294 56,649,491
Stock Payable 11,948,176 136,000
Accumulated deficit (67,408,142) (53,683,268)
Total stockholders' deficit attributable to NaturalShrimp Incorporated shareholders 19,210,511 3,158,798
Non-controlling interest in NAS 0 (87,830)
Total stockholders' deficit 19,210,511 3,070,968
Total liabilities mezzanine and stockholders' deficit 34,485,594 15,216,943
Series E Redeemable Convertible Preferred stock [Member]    
Stockholders' deficit    
Series E Redeemable Convertible Preferred stock, $0.0001 par value, 10,000 shares authorized, 2.540 and 0 shares issued and outstanding at September 30, 2021 and March 31, 2021, respectively 3,377,375 0
Series D Redeemable Convertible Preferred stock [Member]    
Stockholders' deficit    
Series E Redeemable Convertible Preferred stock, $0.0001 par value, 10,000 shares authorized, 2.540 and 0 shares issued and outstanding at September 30, 2021 and March 31, 2021, respectively 0 2,023,333
Series A Preferred Stock [Member]    
Stockholders' deficit    
Series E Redeemable Convertible Preferred stock, $0.0001 par value, 10,000 shares authorized, 2.540 and 0 shares issued and outstanding at September 30, 2021 and March 31, 2021, respectively 500 500
Series B Preferred Stock [Member]    
Stockholders' deficit    
Series E Redeemable Convertible Preferred stock, $0.0001 par value, 10,000 shares authorized, 2.540 and 0 shares issued and outstanding at September 30, 2021 and March 31, 2021, respectively $ 0 $ 0