Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOW

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CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss attributable to NaturalShrimp Inc. $ (4,728,951) $ (7,210,581)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation expense 100,359 30,296
Amortization of debt discount 577,228 1,613,984
Change in fair value of derivative liability 27,000 (1,319,500)
Change in fair value of warrant liability (3,000) 47,000
Financing costs related to convertible debentures 0 1,899,935
Loss on exercise of warrants 0 3,745,099
Default penalty 27,000 0
Net loss attributable to non-controlling interest (82,101) 0
Loss on warrant settlement 635,000 0
Loss on disposal of fixed assets 71,138 0
Loss due to fire 992,285 0
Changes in operating assets and liabilities:    
Inventory 4,200 0
Prepaid expenses and other current assets (93,407) (6,585)
Deposits (167,698) (4,203)
Accounts payable 66,818 47,489
Other accrued expenses 57,307 111,922
Accrued interest 32,537 0
Accrued interest - related parties 1,440 54,807
Cash used in operating activities (2,482,846) (990,334)
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash paid for machinery and equipment (1,232,704) (5,376)
Cash paid for construction in process 0 (206,454)
Cash used in investing activities (1,232,704) (211,830)
CASH FLOWS FROM FINANCING ACTIVITIES    
Payments on bank loan (14,177) (7,688)
Repayment line of credit short-term (199,181) (5,105)
Notes receivable 0 239,500
Proceeds from issuance of common shares under equity agreement 1,774,000 464,516
Proceeds from sale of stock 0 15,400
Proceeds from sale of Series B convertible preferred stock 2,250,000 0
Proceeds from convertible debentures 100,000 977,060
Payments on notes payable - related party (50,000) 0
Payments on convertible debentures (85,500) (368,300)
Proceeds from convertible debentures, related party (87,600) 0
Cash provided by financing activities 3,687,542 1,315,383
Net change in cash (28,008) 113,219
Cash at beginning of year 137,499 24,280
Cash at end of year 109,491 137,499
Interest paid 176,985 168,543
Supplemental disclosure of non-cash investing and financing activities:    
Shares issued upon conversion 639,708 1,360,898
Right of use asset and lease liability 275,400 0
Notes receivable for convertible debentures 0 90,000
Conversion of common shares to Series A preferred shares $ 0 $ 500