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
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]    
Sales $ 0 $ 0
Operating expenses:    
General and administrative 335,979 89,060
Facility operations 11,372 124,524
Depreciation and amortization 10,781 12,244
Total operating expenses 358,132 350,352
Net loss from operations (358,132) (350,352)
Other income (expense):    
Interest expense (30,026) (62,488)
Amortization of debt discount 0 (221,379)
Financing costs (61,809) (81,269)
Change in fair value of derivative liability (29,000) 16,000
Loss on exercise of warrants 0 (50,000)
Total other income (expense) (120,835) (399,136)
Loss before income taxes (478,967) (749,488)
Provision for income taxes 0 0
Net loss (478,967) (749,488)
Less net loss attributable to non-controlling interest (1,895) 0
Net loss attributable to Natural Shrimp Inc. (477,072) (749,488)
Amortization of beneficial conversion feature on Series B PS (293,000) 0
Dividends (144,792) 0
Net loss available for common stockholders $ (914,864) $ (749,488)
Earnings per share (basic and diluted) $ (0.00) $ (0.00)
Earnings per share (diluted) $ (0.00) $ (0.00)
Weighted average share outstanding (basic and diluted) 386,434,991 308,558,080