4. STOCKHOLDERS’ DEFICIT |
3 Months Ended |
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Jun. 30, 2015 | |
| Stockholders' Equity Note [Abstract] | |
| STOCKHOLDERS’ DEFICIT |
Common Stock
Between April 1, 2015 and June 30, 2015, NaturalShrimp Incorporated entered into a form of subscription agreement and consummated initial closings of a private placement offering of the Companys common stock (the Offering). For the three months ended June 30, 2015, an aggregate of 1,211,038 shares of common stock had been sold to investors pursuant to the Offering.
On May 28, 2015, the Company reached an agreement with certain shareholders in which the Company issued 199,103 shares of common stock in full payment of debt of $35,000, accrued interest of $23,927 and recorded a loss on extinguishment of debt of $10,759. |
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- References No definition available.
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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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