Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss attributable to NaturalShrimp Incorporated $ (2,562,743) $ (477,072)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation expense 354,503 10,781
Amortization of debt discount 236,364 0
Change in fair value of derivative liability 0 29,000
Financing costs 109,953 0
Default penalty   41,112
Net loss attributable to non-controlling interest 0 (1,895)
Forgiveness of PPP loan (103,200) 0
Shares issued for services 73,651 61,250
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 76,500 68,743
Deposits 0 (628,879)
Accounts payable (304,997) (149,193)
Other accrued expenses (33,836) (159,814)
Accrued interest 13,018 6,836
Accrued interest - related parties 0 12,096
Cash used in operating activities (2,140,788) (1,187,035)
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash paid for machinery and equipment (411,293) (126,158)
Cash paid for patent acquisition with F & T (2,000,000) 0
Cash paid for acquisition of shares of NCI (1,000,000) 0
Cash received from Insurance settlement 0 917,210
Cash paid for construction in process (749,651) 0
Cash (used in) provided by investing activities (4,160,944) 791,052
CASH FLOWS FROM FINANCING ACTIVITIES    
Payments on bank loan (2,042) (3,989)
Payment of note payable (24,000) 0
Payment of note payable, related party (655,750) 0
Repayment of short-term promissory note and lines of credit (552,788) 0
Proceeds from PPP loan 0 103,200
Proceeds from issuance of common shares 17,277,223 0
Shares issued upon exercise of warrants 11,000 0
Proceeds from sale of Series B Convertible Preferred stock 0 1,250,000
Payments on convertible debentures (421,486) 0
Redemption of Series D PS (3,513,504) 0
Proceeds from sale of Series D PS 0 0
Cash received in relation to Vista warrant settlement 0 50,000
Cash provided by financing activities 12,118,653 1,399,211
NET CHANGE IN CASH 5,816,922 1,003,228
CASH AT BEGINNING OF PERIOD 155,795 109,491
CASH AT END OF PERIOD 5,972,717 1,112,719
INTEREST PAID 81,536 17,930
Supplemental Disclosure of Non-Cash Investing and Financing Activities:    
Shares issued upon conversion 421,486 226,437
Cancellation of Right of Use asset and Lease liability 275,400 0
Dividends in kind issued 0 56,458
Shares issued on Vista Warrant settlement 0 560,000
Shares to be issued as consideration for Patent acquisition 5,000,000 0
Shares to be issued as consideration for acquisition of remaining NCI $ 2,000,000 $ 0