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, 2024
Offsetting Assets [Line Items]  
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

 

    June 30, 2024     June 30, 2023  
    Three months ended  
    June 30, 2024     June 30, 2023  
             
Shrimp sales   $ 36,618     $ 55,872  
Technology and equipment services     -       150,000  
Total revenues   $ 36,618     $ 205,872  
Promissory Note [Member]  
Offsetting Assets [Line Items]  
SCHEDULE OF RESTRUCTURED AUGUST AND SENIOR NOTES PAYABLE AT FAIR VALUE

Restructured August and Senior Notes Payable

 

    June 30, 2024     March 31, 2024  
Restructured notes payable fair value at beginning of period   $ 29,760,000     $ 23,690,000  
Reclass of accrued interest     -       907,634  
Change in fair value     720,000       5,162,366  
Restructured notes payable fair value at end of period   $ 30,480,000     $ 29,760,000  
Warrant [Member]  
Offsetting Assets [Line Items]  
SUMMARY OF ACTIVITY OF DERIVATIVES AT FAIR VALUE

Warrant liability

   

    June 30, 2024     March 31, 2024  
    (unaudited)        
Warrant liability balance at beginning of period   $ 24,000     $ 355,000  
Change in fair value     (5,000 )     (331,000 )
Balance at end of period   $ 19,000     $ 24,000