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 ($)
 9 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss attributable to NaturalShrimp Incorporated $ (38,778,923) $ (1,674,029)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation expense 830,409 37,850
Amortization expense 514,000 0
Amortization of debt discount 576,364 0
Change in fair value of derivative liability 0 29,000
Change in fair value of warrant liability 137,000 0
Financing costs 1,502,953 0
Default penalty 0 41,112
Net loss attributable to non-controlling interest 0 (4,655)
Forgiveness of PPP loan (103,200) 0
Gain on Vero Blue note settlement (500,000) 0
Legal settlement 29,388,000 0
Shares issued for services 398,831 745,250
Changes in operating assets and liabilities:    
Inventory (28,128) 0
Prepaid expenses and other current assets (321,162) (649,326)
Deposits 0 0
Accounts payable (5,637,796) 255,231
Other accrued expenses (101,896) 143,793
Accrued expenses - related parties 200,000 0
Accrued interest (49,482) 29,959
Accrued interest - related parties 16,000 32,096
Cash used in operating activities (12,201,031) (1,013,719)
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash paid for machinery and equipment (2,116,124) (1,481,558)
Cash paid for asset acquisition with VeroBlue Farms, Inc. 0 (5,000,000)
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 paid for License Agreement (2,350,000) 0
Cash received from Insurance settlement 0 917,210
Cash paid for construction in process (433,389) (1,562,380)
Cash (used in) provided by investing activities (7,899,513) (7,126,728)
CASH FLOWS FROM FINANCING ACTIVITIES    
Payments on bank loan (214,852) (17,810)
Payment of note payable (72,000) (48,000)
Payment of note payable, related party (655,750) 0
Repayment of short-term promissory note and lines of credit (553,577) 5,413
Proceeds from PPP loan 0 103,200
Proceeds from issuance of common shares 17,277,123 0
Shares issued upon exercise of warrants 11,000 0
Proceeds from sale of Series B Convertible Preferred stock 0 3,250,000
Proceeds from convertible debentures 8,905,000 0
Escrow account in relation to the proceeds from convertible debenture 5,000,000 0
Payments on convertible debentures (421,486) 0
Payments on notes payable (4,500,000) 0
Redemption of Series D PS (3,513,504) 0
Proceeds from sale of Series E Preferred Stock 1,348,000 5,000,000
Cash received in relation to Vista warrant settlement 0 50,000
Cash provided by financing activities 22,609,954 8,342,803
NET CHANGE IN CASH 2,509,410 202,356
CASH AT BEGINNING OF PERIOD 155,795 109,491
CASH AT END OF PERIOD 2,665,205 311,847
INTEREST PAID 212,190 69,961
Supplemental Disclosure of Non-Cash Investing and Financing Activities:    
Shares issued upon conversion 421,486 1,131,824
Cancellation of Right of Use asset and Lease liability 275,400 0
Dividends in kind issued 0 134,446
Shares issued on Vista Warrant settlement 0 610,000
Shares issued as consideration for Patent acquisition 5,000,000 0
Shares issued as consideration for acquisition of remaining NCI 2,000,000 $ 0
Notes payable, issued as consideration in VeroBlue Farms, Inc. asset acquisition   5,000,000
Shares payable, to be issued as finders fee in VeroBlue Farms, Inc. asset acquisition $ 0 $ 136,000
Shares issued as consideration for Rights Agreement 4,762,376  
Note payable, related party, issued in place of Settlement Agreement $ 0 $ 383,604