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, 2021
Mar. 31, 2020
Income Statement [Abstract]    
Sales $ 0 $ 0
Operating expenses:    
General and administrative 2,472,238 1,610,331
Research and development 79,550 153,250
Facility operations 403,029 232,318
Depreciation and amortization 346,437 100,359
Total operating expenses 3,301,254 2,096,258
Net loss from operations (3,301,254) (2,096,258)
Other income (expense):    
Interest expense (144,204) (178,425)
Amortization of debt discount (47,273) (577,228)
Financing costs (64,452) (236,718)
Change in fair value of derivative liability (29,000) (27,000)
Change in fair value of warrant liability 0 3,000
Loss on warrant settlement 0 (635,000)
Loss on disposal of fixed assets 0 (71,138)
Loss due to fire 0 (992,286)
Total other income (expense) (284,929) (2,714,794)
Loss before income taxes (3,586,183) (4,811,052)
Provision for income taxes 0 0
Net loss (3,586,183) (4,811,052)
Less net loss attributable to non-controlling interest (5,729) (82,101)
Net loss attributable to Natural Shrimp Inc. (3,580,454) (4,728,951)
Amortization of beneficial conversion feature on Series B PS (1,720,833) (475,000)
Accretion on Series D Preferred shares (302,500) 0
Dividends (317,083) 0
Net loss available for common stockholders $ (5,920,870) $ (5,203,951)
Earnings per share (basic and diluted) $ 0.01 $ (0.02)
Weighted average shares outstanding (basic and diluted) 501,477,593 326,835,226