$GRPS

Trans American Aquaculture, Inc

CIK:0001990446|SEC Filings

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2025	Sep. 30, 2024
REVENUES
Sales and service	$ 0	$ 0	$ 0	$ 315,145
COST OF REVENUES
Cost of revenues	0	196,552	0	419,851
GROSS MARGIN	0	(196,552)	0	(104,706)
GENERAL AND ADMINISTRATIVE EXPENSES	83,396	213,250	266,357	534,633
OTHER INCOME (EXPENSE)
Other income	0	11,041	918	11,741
Other expense	0	(728)	(8,420)	(66,702)
Interest expense	(88,246)	(175,836)	(215,528)	(449,356)
TOTAL OTHER INCOME (EXPENSE)	(88,246)	(165,523)	(223,030)	(504,317)
NET INCOME (LOSS) BEFORE TAXES	(171,642)	(575,325)	(489,387)	(1,143,656)
INCOME TAX (EXPENSE) BENEFIT	0	0	0	0
NET INCOME (LOSS)	$ (171,642)	$ (575,325)	$ (489,387)	$ (1,143,656)
Basic Net loss per common share	$ (0.000095)		$ (0.000271)
Diluted Net loss per common share	$ (0.000095)	$ (0.000328)	$ (0.000271)	$ (0.000378)
Weighted average common shares outstanding - basic	1,805,926,955	1,471,954,105	1,805,926,955	1,464,204,910

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (489,387)	$ (1,143,656)
Noncash items included in net loss:
Depreciation expense	4,865	52,291
Common stock issued for professional services and other non cash items	0	17,371
(Increase) decrease in:
Other receivable	12,794	(12,357)
Inventory	(110,546)	25,591
Deferred taxes	0	0
Other assets	0	(904)
Increase (decrease) in:
Accounts payable and other accrued expenses	(835,244)	254,607
Income tax payable	0	0
Accrued interest expense	646,403	364,861
CASH USED IN OPERATING ACTIVITIES	(771,113)	(442,196)
CASH FLOWS FROM INVESTING ACTIVITIES:
Cash paid for the purchase of fixed assets	0	(12,216)
Accumulated Depreciation	21,232	19,710
CASH USED IN INVESTING ACTIVITIES	21,232	7,494
CASH FLOWS FROM FINANCING ACTIVITIES:
Payment of bank overdraft	(1,000)	0
Bank overdraft	0	5,605
Proceeds from shareholder notes payable	0	48,988
Payments on shareholder notes payable	(216)	(74,375)
Payments on notes payable	0	(74,243)
Proceeds from on related party notes payable	627,912	506,000
Payments due to related parties	0	16,127
Contributions	0	0
Stock Dividends	0	0
Issuance of Preferred Shares	117,000	0
CASH PROVIDED BY FINANCING ACTIVITIES	743,696	428,102
NET INCREASE (DECREASE)	(6,185)	(6,600)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	6,694	6,600
CASH AND CASH EQUIVALENTS AT END OF PERIOD	509	0
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest	0	84,496
Cash paid for income taxes	0	0
NON-CASH
Preferred series D stock dividends	0	66,910
Common stock issued for services rendered	0	19,012
Capitalization of related party member notes to members' capital	$ 0	$ 0

Consolidated Balance Sheets - USD ($)	Sep. 30, 2025	Dec. 31, 2024
CURRENT ASSETS
Cash and cash equivalents	$ 509	$ 0
Other receivable	0	26,480
Inventory	338,898	230,830
Other Assets	716	0
TOTAL CURRENT ASSETS	340,123	257,310
PROPERTY AND EQUIPMENT	1,237,992	1,237,992
Less accumulated depreciation	(471,429)	(547,287)
NET PROPERTY AND EQUIPMENT	766,564	690,705
TOTAL ASSETS	1,106,686	948,015
CURRENT LIABILITIES
Bank overdraft	0	1,000
Accounts payable	751,883	530,776
Accrued interest expense	850,388	114,568
Other accrued expenses	981,417	753,870
Income tax payable	0	0
Related parties notes	1,459,343	1,646,636
Current portion of notes payable	676,577	562,063
TOTAL CURRENT LIABILITIES	4,719,609	3,608,912
LONG-TERM LIABILITIES
Notes payable, net of current portion	145,680	561,087
Deferred tax liability, net	0	0
TOTAL LONG-TERM LIABILITIES	145,680	561,087
STOCKHOLDERS' (DEFICIT) EQUITY
Common stock, $.000001 par value, 6,000,000,000 shares authorized, 1,805,926,955 and 1,805,926,955 shares issued and outstanding	0	0
Preferred Stock, Series C to be issued	(195,721)	0
Additional paid in capital - common stock	121,118	99,980
Accumulated deficit	(6,164,954)	(5,675,567)
TOTAL STOCKHOLDERS' (DEFICIT) EQUITY	(3,758,603)	(3,221,985)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	1,106,686	948,014
Series A Preferred Stock [Member]
STOCKHOLDERS' (DEFICIT) EQUITY
Preferred stock, value	0	0
Series B Preferred Stock [Member]
STOCKHOLDERS' (DEFICIT) EQUITY
Preferred stock, value	0	0
Series C Preferred Stock [Member]
STOCKHOLDERS' (DEFICIT) EQUITY
Preferred stock, value	0	0
Additional paid in capital - preferred stock	1,287,091	1,317,467
Series D Preferred Stock [Member]
STOCKHOLDERS' (DEFICIT) EQUITY
Preferred stock, value	0	0
Additional paid in capital - preferred stock	$ 1,193,863	$ 1,036,135