8. RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) |
Sep. 30, 2020 |
Mar. 31, 2020 |
|---|---|---|
| Other accrued expenses | $ 309,485 | $ 1,204,815 |
| President | ||
| Other accrued expenses | 84,000 | |
| Key Employee | ||
| Other accrued expenses | 84,000 | 175,000 |
| NaturalShrimp Holdings, Inc | ||
| Note payable related party | 735,000 | 735,000 |
| Accrued interest payable | 58,000 | 51,000 |
| Multiple Shareholders | ||
| Note payable related party | 356,404 | 426,404 |
| Accrued interest payable | 140,000 | 240,000 |
| Various Shareholders | ||
| Note payable related party | $ 54,647 | $ 54,647 |
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- Definition Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest payable on debt, including, but not limited to, trade payables. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount for notes payable (written promise to pay), due to related parties. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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