NaturalShrimp Incorporated Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

CONVERTIBLE DEBENTURES (Details Narrative)

CONVERTIBLE DEBENTURES (Details Narrative) - USD ($)															3 Months Ended	12 Months Ended
CONVERTIBLE DEBENTURES (Details Narrative) - USD ($)	Dec. 15, 2021	Apr. 30, 2021	Apr. 16, 2021	Apr. 14, 2021	Feb. 26, 2021	Dec. 21, 2020	Sep. 14, 2020	May 05, 2020	Apr. 17, 2019	Mar. 01, 2019	Jan. 25, 2019	Jan. 10, 2019	Sep. 14, 2018	Aug. 24, 2018	Jun. 30, 2021	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2019	Mar. 10, 2022	Jan. 01, 2016
Debt instrument interest rate percentage																				2.00%
Debt instrument unamortized discount																$ 13,940,000
Common stock, shares authorized																900,000,000	900,000,000
Amortization of beneficial conversion feature																$ 3,439,219
Converted shares																4,762,376
Common Stock [Member]
Amortization of beneficial conversion feature
December 15, 2021 Debenture [Member]
Extension fee	$ 249,079
Common stock, shares authorized																			65,000,000
Common stock shares unissued																			100,000,000
Debt instrument unused borrowing capacity description																Upon such an Event of Default, the interest rate increases to 18% per annum and the outstanding balance of the Note increases from 5% to 15%, depending upon the specific Event of Default.
Beneficial conversion feature	12,985,000
December 15, 2021 Debenture [Member] \| Common Stock [Member]
Number share issued value	15,000,000
February 26, 2021 Debenture [Member]
Beneficial conversion feature					$ 164,000
Convertible note principal amount					720,000
Original discount					$ 120,000
Interest rate					12.00%
Conversion rate					$ 0.36
Change in conversion rate					$ 0.10
Amortization of beneficial conversion feature																	$ 27,273
Note discount																	$ 20,000
Convertible debt paid		$ 422,000
Settlement of convertible note			$ 720,000
Accrued interest			13,000
Redemption fee			110,000
Total redemption amount			842,972
Settlement paid by cash			$ 421,486
Converted shares			1,303,982
Apirl 17, 2019 Debenture [Member] \| 10% Convertible Promissory Note [Member]
Beneficial conversion feature									$ 59,000
Convertible note principal amount							$ 110,000		110,000
Original discount									10,000
Converted shares							1,014,001
Purchase price									$ 100,000
Maturity date									Jan. 23, 2020
Outstanding principal amount increase percentage									150.00%
Liquidation damages percentage									25.00%
Liquidation amount									$ 15,000
Conversion rate							$ 0.124		$ 0.124
Variable conversion rate									70.00%
Apirl 17, 2019 Debenture [Member] \| 10% Convertible Promissory Note [Member] \| Minimum [Member]
Percentage of principal amount redeemed									120.00%
Apirl 17, 2019 Debenture [Member] \| 10% Convertible Promissory Note [Member] \| Maximum [Member]
Percentage of principal amount redeemed									130.00%
August 24, 2018 Debenture [Member] \| 10% Convertible Promissory Note [Member]
Debt instrument interest rate percentage														24.00%
Share price								$ 0.03
Risk free interest rate								0.13%
Expected volatility								158.29%
Convertible note principal amount								$ 29,057						$ 55,000				$ 57,164
Settlement of convertible note												$ 55,000
Accrued interest												1,974
Converted shares								2,039,069										9,291,354
Maturity date														Aug. 24, 2019
Conversion rate								$ 0.014
Debt Instrument, Description														The interest rate increases to 24% per annum upon an event of default, as set forth in the agreement, including a cross default to all other outstanding notes, and if the debenture is not paid at maturity the principal due increases by 10%. If the Company loses its bid price the principal outstanding on the debenture increases by 20%, and if the Company’s common stock is delisted, the principal increases by 50%. The note is convertible into shares of the Company’s common stock at a price per share equal to 57% of the lowest closing bid price for the last 20 days. The discount is increased an additional 10%, to 47%, upon a “DTC chill”.
Purchase from noteholders												$ 82,612
Fair value of converted derivative liability								$ 8,000
Reclasification of equity								$ 30,000
September 14, 2018 Debenture [Member] \| 12% Convertible Promissory Note [Member]
Debt instrument face amount											$ 197,215
Debt instrument interest rate percentage													24.00%
Share price															$ 0.03
Risk free interest rate															0.13%
Expected volatility															158.29%
Convertible note principal amount													$ 112,500
Original discount													$ 10,250
Settlement of convertible note											101,550
Accrued interest											13,695
Converted shares															35,887,170
Maturity date													Mar. 14, 2019
Conversion rate															$ 0.006
Fair value of converted derivative liability															$ 21,000
Reclasification of equity															$ 175,000
Defult principal amount											$ 81,970
September 14, 2018 Debenture [Member] \| 12% Convertible Promissory Note [Member]
Debt Instrument, Description													The note is convertible into shares of the Company’s common stock at a variable conversion rate that is equal to the lesser of 60% of the lowest trading price for the last 20 days prior to the issuance of the note or 60% of the lowest market price over the 20 days prior to conversion. The conversion price shall be adjusted upon subsequent sales of securities at a price lower than the original conversion price. There are additional 10% adjustments to the conversion price for events set forth in the agreement, including if the conversion price is less than $0.01, if the Company is not DTC eligible, the Company is no longer a reporting company, or the note cannot be converted into free trading shares on or after nine months from issue date. Per the agreement, the Company is required at all times to have authorized and reserved three times the number of shares that is actually issuable upon full conversion of the note. The conversion feature meets the definition of a derivative and therefore requires bifurcation and is accounted for as a derivative liability.
March 1, 2019 Debenture [Member] \| 10% Convertible Promissory Note [Member]
Beneficial conversion feature										$ 134,000
Convertible note principal amount										168,000
Original discount										18,000
Settlement of convertible note						$ 168,000
Accrued interest						$ 30,847
Converted shares						795,387
Purchase price										$ 150,000
Maturity date										Nov. 01, 2019
Outstanding principal amount increase percentage										150.00%
Conversion rate						$ 0.25				$ 0.25
Variable conversion rate										70.00%
Securities Purchase Agreement [Member]
Share price				$ 0.55
Number share issued value				$ 5,000,000
Securities Purchase Agreement [Member] \| December 15, 2021 Debenture [Member]
Debt instrument face amount	$ 16,320,000
Debt instrument interest rate percentage	12.00%
Debt instrument unamortized discount	$ 1,300,000
Debt instrument transaction expense	20,000
Debt issuance costs	2,035,000
Payments of loan costs	$ 1,095,000
Number of warrant issued	3,000,000
Fair value private placement	$ 940.000
Share price	$ 0.32															$ 0.305
Risk free interest rate	1.19%															0.69%
Expected volatility	209.90%															125.90%
Expected dividend rate	0.00%
Outstanding investor redeem	$ 1,000,000
Investment redemption fee per share	$ 0.0001
Debt instrument outstanding face amount	$ 2,448,000
Exercise price																$ 0.3075