Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.20.4
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2020
Mar. 31, 2020
Current assets    
Cash $ 311,848 $ 109,491
Prepaid expenses 778,019 128,693
Insurance settlement 0 917,210
Total current assets 1,089,867 1,155,394
Fixed assets 12,286,515 707,808
Other assets    
Construction-in-process 1,719,945 0
Right of use asset 275,400 275,400
Deposits 20,633 178,198
Total other assets 2,015,978 453,598
Total assets 15,392,360 2,316,800
Current liabilities    
Accounts payable 896,379 641,146
Accrued interest 64,246 81,034
Accrued interest - related parties 175,520 296,624
Other accrued expenses 628,204 1,204,815
Short-term promissory note and lines of credit 575,910 570,497
Bank loan 8,438 8,904
PPP loan 103,200 0
Convertible debentures 0 463,161
Notes payable - related parties 1,247,162 1,221,162
Dividends payable 182,639 0
Derivative liability 0 176,000
Warrant liability 0 90,000
Total current liabilities 3,881,698 4,753,343
Bank loans, less current maturities 208,493 225,837
Notes payable 5,000,000 0
Note payable - related party, less current maturities 239,604 0
Lease liability 275,400 275,400
Total liabilities 9,605,195 5,254,580
Commitments and contingencies (Note 10)
Series D Redeemable Convertible Preferred stock, $0.0001 par value, 20,000 shares authorized, 5,000 and 0 shares issued and outstanding at December 31, 2020 and March 31, 2020, respectively 208,333 0
Stockholders' deficit    
Common stock, $0.0001 par value, 900,000,000 shares authorized, 531,023,743 and 379,742,524 shares issued and outstanding at September 30, 2020 and March 31, 2020, respectively 54,500 37,975
Additional paid in capital 55,437,431 43,533,242
Stock payable 135,000 0
Accumulated deficit (49,961,843) (46,427,396)
Total stockholders' deficit attributable to NaturalShrimp, Inc. shareholders 5,665,588 (2,855,679)
Non-controlling interest in NAS (86,756) (82,101)
Total stockholders' deficit 5,578,832 (2,937,780)
Total liabilities and stockholders' deficit 15,392,360 2,316,800
Series A Convertible Preferred Stock    
Stockholders' deficit    
Preferred stock 500 500
Series B Convertible Preferred Stock    
Stockholders' deficit    
Preferred stock $ 0 $ 0