General form of registration statement for all companies including face-amount certificate companies

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.21.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2021
Mar. 31, 2021
Mar. 31, 2020
Current assets      
Cash $ 800,531 $ 155,795 $ 109,491
Prepaid expenses 287,068 655,339 128,693
Insurance settlement 0 0 917,210
Total current assets 1,087,599 811,134 1,155,394
Fixed assets 12,269,987 12,236,557 707,808
Other assets      
Construction-in-process 3,171,038 1,873,219 0
Patents 6,853,500 0 0
License Agreement 10,762,376   0
Right of Use asset 320,461 275,400 275,400
Deposits 20,633 20,633 178,198
Total other assets 21,128,008 2,169,252 453,598
Total assets 34,485,594 15,216,943 2,316,800
Current liabilities      
Accounts payable 3,821,506 963,289 641,146
Accrued interest 73,350 73,350 81,034
Accrued interest - related parties 187,520 187,520 296,624
Other accrued expenses 543,972 602,368 1,204,815
Accrued expenses - related parties 600,000 0 0
Short-term Promissory Note and Lines of credit 20,044 573,621 570,497
Bank loan 10,380 8,725 8,904
PPP loan 0 103,200 0
Convertible debentures 0 483,637 463,161
Note payable 96,000 96,000 0
Notes payable - related parties 495,412 1,151,162 1,221,162
Dividends payable 360,226 182,639 0
Derivative liability   0 176,000
Warrant liability   0 90,000
Total current liabilities 6,208,410 4,425,511 4,753,343
Bank loans, less current maturities 200,358 206,127 225,837
Notes payable 5,000,000 5,000,000 0
Note payable, less current maturities 167,604 215,604 0
Lease Liability 321,336 275,400 275,400
Total liabilities 11,897,708 10,122,642 5,254,580
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 37,975
Additional paid in capital 74,609,294 56,649,491 43,533,242
Stock Payable 11,948,176 136,000 0
Accumulated deficit (67,408,142) (53,683,268) (46,427,396)
Total stockholders' deficit attributable to NaturalShrimp Incorporated shareholders 19,210,511 3,158,798 (2,855,679)
Non-controlling interest in NAS 0 (87,830) (82,101)
Total stockholders' deficit 19,210,511 3,070,968 (2,937,780)
Total liabilities mezzanine and stockholders' deficit 34,485,594 15,216,943 2,316,800
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 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 0
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 500 500 500
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 $ 0