Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]        
Sales $ 0 $ 0 $ 0 $ 0
Operating expenses:        
Facility operations 41,375 22,479 180,934 66,442
General and administrative 306,834 223,821 944,571 654,119
Research and development 101,500 0 101,500 0
Depreciation and amortization 15,958 17,726 41,521 53,171
Total operating expenses 465,667 264,026 1,268,526 773,732
Net loss from operations (465,667) (264,026) (1,268,526) (773,732)
Other income (expense):        
Interest expense (40,820) (68,634) (160,351) (205,561)
Amortization of debt discount (38,831) (342,724) (515,204) (1,051,707)
Financing costs (53,528) (77,390) (217,746) (1,361,735)
Change in fair value of derivative liability 58,000 (211,500) 19,000 1,116,500
Change in fair value of warrant liability 0 0 0 (47,000)
Loss on warrant settlement 0 0 (50,000) 0
Total other income (expense) (75,179) (700,248) (924,301) (1,549,503)
Loss before income taxes (540,846) (964,274) (2,192,827) (2,323,235)
Provision for income taxes 0 0 0 0
Net loss (540,846) (964,274) (2,192,827) (2,323,235)
Less net loss attributable to non-controlling interest (51,363) 0 (51,363) 0
Net loss attributable to Natural Shrimp Inc. (489,483) (964,274) (2,141,464) (2,323,235)
Amortization of beneficial conversion feature on Series B PS (380,000) 0 (380,000) 0
Net loss available for common stockholders $ (869,483) $ (964,274) $ (2,521,464) $ (2,323,235)
EARNINGS PER SHARE (Basic and diluted) $ (0.00) $ (0.01) $ (0.01) $ (0.02)
WEIGHTED AVERAGE SHARES OUTSTANDING (Basic and diluted) 345,260,292 165,284,849 326,835,226 129,672,152