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 6 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Sales $ 0 $ 0 $ 0 $ 0
Operating expenses:        
General and administrative 401,029 378,371 737,008 637,737
Research and development 79,550 0 79,550 0
Facility operations 68,271 15,035 79,643 139,559
Depreciation and amortization 8,896 13,319 19,677 25,563
Total operating expenses 557,746 406,725 915,878 802,859
Net loss from operations (557,746) (406,725) (915,878) (802,859)
Other income (expense):        
Interest expense (29,490) (57,043) (59,516) (119,531)
Amortization of debt discount 0 (254,994) 0 (476,373)
Financing costs (2,643) (82,949) (64,452) (164,218)
Change in fair value of derivative liability 0 (55,000) (29,000) (39,000)
Loss on warrant settlement 0 0 0 (50,000)
Total other income (expense) (32,133) (449,986) (152,968) (849,122)
Loss before income taxes (589,879) (856,711) (1,068,846) (1,651,981)
Provision for income taxes 0 0 0 0
Net loss (589,879) (856,711) (1,068,846) (1,651,981)
Less net loss attributable to non-controlling interest (1,686)   (3,581) 0
Net loss attributable to Natural Shrimp Inc. (588,193) (856,711) (1,065,265) (1,651,981)
Amortization of beneficial conversion feature on Series B PS (807,000) 0 (1,100,000) 0
Dividends (83,960) 0 (228,752) 0
Net loss available for common stockholders $ (1,479,153) $ (856,711) $ (2,394,017) $ (1,651,981)
Earnings per share (basic and diluted) $ (0.00) $ (0.00) $ (0.01) $ (0.01)
Weighted average share outstanding (basic and diluted) 451,549,772 326,488,640 419,177,832 317,572,350