Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Income Statement [Abstract]    
Sales $ 0 $ 0
Operating expenses:    
Facility operations 232,318 100,596
General and administrative 1,610,331 869,821
Research and development 153,250 0
Depreciation and amortization 100,359 30,296
Total operating expenses 2,096,258 1,000,713
Net loss from operations (2,096,258) (1,000,713)
Other income (expense):    
Interest expense (178,425) (223,350)
Amortization of debt discount (577,228) (1,613,984)
Financing costs (236,718) (1,899,935)
Change in fair value of derivative liability (27,000) 1,319,500
Change in fair value of warrant liability 3,000 (47,000)
Loss on exercise of warrants 0 (3,745,099)
Loss on warrant settlement (635,000) 0
Loss on disposal of fixed assets (71,138) 0
Loss due to fire (992,285) 0
Total other income (expense) (2,714,794) (6,209,868)
Loss before income taxes (4,811,052) (7,210,581)
Provision for income taxes 0 0
Net loss (4,811,052) (7,210,581)
Less net loss attributable to non-controlling interest (82,101) 0
Net loss attributable to Natural Shrimp Inc. (4,728,951) (7,210,581)
Amortization of beneficial conversion feature on Series B PS (475,000) 0
Net loss available for common stockholders $ (5,203,951) $ (7,210,581)
Earnings per share (basic and diluted) $ (0.02) $ (0.04)
Weighted average shares outstanding (basic and diluted) 326,835,226 171,325,837