Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended
Jun. 30, 2023
Class of Warrant or Right [Line Items]  
SCHEDULE OF ESTIMATED USEFUL LIVES

SCHEDULE OF ESTIMATED USEFUL LIVES

Buildings   39 years
Machinery and Equipment   710 years
Vehicles   10 years
Furniture and Fixtures   310 years
SCHEDULE OF REVENUE RECOGNITION

 SCHEDULE OF REVENUE RECOGNITION

    June 30, 2023   June 30, 2022
    Three months ended
    June 30, 2023   June 30, 2022
         
Shrimp sales   $ 55,872     $ 36,336  
Technology and equipment services     150,000        
Total revenues   $ 205,872     $ 36,336  
Promissory Note [Member]  
Class of Warrant or Right [Line Items]  
SCHEDULE OF RESTRUCTURED NOTE AT FAIR VALUE

SCHEDULE OF RESTRUCTURED NOTE AT FAIR VALUE

Restructured August and Senior Notes Payable

 

    June 30, 2023   March 31, 2023
Restructured notes payable fair value at beginning of period   $ 23,690,000     $ -  
Reclass of accrued interest     907,634       -  
Fair value of restructured notes payable upon Restructuring Agreement     -       20,847,867  
Change in fair value     (137,634 )     2,842,133  
Restructured notes payable fair value at end of period   $ 24,460,000     $ 23,690,000  

Warrants [Member]  
Class of Warrant or Right [Line Items]  
SCHEDULE OF RESTRUCTURED NOTE AT FAIR VALUE

The following is a summary of activity of Level 3 derivatives during the three months ended June 30, 2023 and the year ended March 31, 2023:

 

SCHEDULE OF DERIVATIVE AND WARRANT AND PROMISSORY NOTE AT FAIR VALUE

Warrant liability

 

    June 30, 2023   March 31, 2023
    (unaudited)    
Warrant liability balance at beginning of period   $ 355,000     $ 3,923,000  
Change in fair value     (50,000 )     (3,568,000 )
Balance at end of period   $ 305,000     $ 355,000