Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Sep. 30, 2023
Offsetting Assets [Line Items]  
SCHEDULE OF ESTIMATED USEFUL LIVES

SCHEDULE OF ESTIMATED USEFUL LIVES

Buildings   39 years
Machinery and Equipment   710 years
Vehicles   10 years
Furniture and Fixtures   310 years
SCHEDULE OF REVENUE RECOGNITION

 SCHEDULE OF REVENUE RECOGNITION

   

September 30,

2023

   

September 30,

2022

 
    Six months ended  
   

September 30,

2023

   

September 30,

2022

 
             
Shrimp sales   $ 55,872     $ 88,061  
Technology and equipment services     175,000        
Total revenues   $ 263,882     $ 88,061  
Promissory Note [Member]  
Offsetting Assets [Line Items]  
SCHEDULE OF RESTRUCTURED AUGUST AND SENIOR NOTES PAYABLE AT FAIR VALUE

SCHEDULE OF RESTRUCTURED AUGUST AND SENIOR NOTES PAYABLE AT FAIR VALUE

Restructured August and Senior Notes Payable

 

   

September 30,

2023

   

March 31,

2023

 
Restructured notes payable fair value at beginning of period   $ 23,690,000     $ -  
Reclass of accrued interest     907,634       -  
Fair value of restructured notes payable upon Restructuring Agreement     -       20,847,867  
Change in fair value     (667,634 )     2,842,133  
Restructured notes payable fair value at end of period   $ 23,930,000     $ 23,690,000  
Warrant [Member]  
Offsetting Assets [Line Items]  
SUMMARY OF ACTIVITY OF DERIVATIVES AT FAIR VALUE

The following is a summary of activity of Level 3 derivatives during the six months ended September 30, 2023 and the year ended March 31, 2023:

 

SUMMARY OF ACTIVITY OF DERIVATIVES AT FAIR VALUE

Warrant liability

 

   

September 30,

2023

   

March 31,

2023

 
    (unaudited)        
Warrant liability balance at beginning of period   $ 355,000     $ 3,923,000  
Change in fair value     (270,000 )     (3,568,000 )
Balance at end of period   $ 85,000     $ 355,000