Trans American Aquaculture Files 2023 10-K

TL;DR

Trans American Aquaculture filed its 2023 10-K. All good.

AI Summary

Trans American Aquaculture, Inc. filed its 2023 10-K report, detailing its operations in agriculture production, specifically livestock and animal specialties. The company is incorporated in Colorado and its fiscal year ends on December 31st. The filing covers the period up to December 31, 2023, with the report being filed on July 2, 2024.

Why It Matters

This 10-K filing provides a comprehensive overview of Trans American Aquaculture's financial health and operational status for the fiscal year 2023, crucial for investors and stakeholders to assess the company's performance and future prospects.

Risk Assessment

Risk Level: low — The provided text is a standard SEC filing header and does not contain specific financial performance data or risk disclosures that would allow for a risk assessment.

Key Numbers

• 2023 — Fiscal Year End (The report covers the fiscal year ending December 31, 2023.)
• 20240702 — Filing Date (The 10-K report was officially filed on July 2, 2024.)

Key Players & Entities

• Trans American Aquaculture, Inc. (company) — Filer of the 10-K report
• 2023-12-31 (date) — Conformed period of report
• 20240702 (date) — Filed as of date
• 0001990446 (company) — Central Index Key
• CO (location) — State of incorporation

FAQ

Key Financial Figures

• $0.000001 — (g) of the Act: Common Stock, par value $0.000001 per share Indicate by check mark if t
• $5,000 — acquired, the " Acquired Shares ") for $5,000. In addition to the cash payment, Mr. T
• $24B — obal value for shrimp trade in 2022 was $24B USD. [6] The total global production of

Filing Documents

• transaqua_i10k-123123.htm (10-K) — 939KB
• transaqua_ex3101.htm (EX-31.1) — 9KB
• transaqua_ex3102.htm (EX-31.2) — 9KB
• transaqua_ex3201.htm (EX-32.1) — 3KB
• transaqua_ex3202.htm (EX-32.2) — 3KB
• image_001.jpg (GRAPHIC) — 36KB
• image_003.jpg (GRAPHIC) — 9KB
• image_004.jpg (GRAPHIC) — 15KB
• 0001683168-24-004606.txt ( ) — 3942KB
• grps-20231231.xsd (EX-101.SCH) — 28KB
• grps-20231231_cal.xml (EX-101.CAL) — 38KB
• grps-20231231_def.xml (EX-101.DEF) — 108KB
• grps-20231231_lab.xml (EX-101.LAB) — 259KB
• grps-20231231_pre.xml (EX-101.PRE) — 213KB
• transaqua_i10k-123123_htm.xml (XML) — 376KB

RISK FACTORS

ITEM 1A. RISK FACTORS 9

UNRESOLVED STAFF COMMENTS

ITEM 1B. UNRESOLVED STAFF COMMENTS 21

CYBERSECURITY

ITEM 1C. CYBERSECURITY 21

PROPERTIES

ITEM 2. PROPERTIES 21

LEGAL PROCEEDINGS

ITEM 3. LEGAL PROCEEDINGS 22

MINE SAFETY DISCLOSURES

ITEM 4. MINE SAFETY DISCLOSURES 22 PART II 23

MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES 23

[RESERVED]

ITEM 6. [RESERVED] 26

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 26

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 31

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 31

CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 32

CONTROLS AND PROCEDURES

ITEM 9A. CONTROLS AND PROCEDURES 32

OTHER INFORMATION

ITEM 9B. OTHER INFORMATION 33

DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS

ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 33 PART III 34

DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE 34

EXECUTIVE COMPENSATION

ITEM 11. EXECUTIVE COMPENSATION 37

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 38

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE 39

PRINCIPAL ACCOUNTANT FEES AND SERVICES

ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES 39

EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES 40

FORM 10-K SUMMARY

ITEM 16. FORM 10-K SUMMARY 41

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K (the " Form 10-K ") for Trans American Aquaculture, Inc., a Colorado corporation (the " Company "), and the exhibits attached hereto contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned development of the Company's technology, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Such forward-looking statements include, among others, those statements including the words "expects", "anticipates", "intends", "believes" and similar language. Our actual results may differ significantly from those projected in the forward-looking statements. Factors that might cause or contribute to such differences include, but are not limited to, those discussed in the section "Risk Factors." We undertake no obligation to publicly release any revisions to the forward-looking statements or reflect events or circumstances after the date of this report. Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. These factors include are described further under the sections titled " Risk Factors, " and " Management's Discussion and Analysis ." Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, believed, estimated or expected. We caution readers not to place undue reliance on any such forward-looking statements

BUSINESS

ITEM 1. BUSINESS As used in this Form 10-K, the terms "we," "us," "our," and the "Company" refer to Trans American Aquaculture, Inc., a Colorado corporation. Organization Trans American Aquaculture, Inc. Trans American Aquaculture, Inc. was originally incorporated in the State of Delaware on September 18, 2006 as "Omega Environmental, Inc." After several name changes, the entity was redomiciled in Colorado on July 25, 2018 as "XYZ Hemp Inc." After several name changes, the Company filed Articles of Amendment on October 23, 2022 changing the name to "Gold River Productions, Inc." On August 9, 2023, the Company filed Articles of Amendment changing the name to "Trans American Aquaculture, Inc." Our principal executive offices are located at 1022 Shady Side Lane, Dallas, TX 75223 and our phone number is (972) 358-6037. Trans American Aquaculture, LLC Trans American Aquaculture, LLC (" TAA ") was organized in the State of Texas on April 4, 2017. TAA was founded by Luis Arturo Granda Roman, Cesar Granda, and Adam Thomas. Change of Control On August 28, 2022, the Company entered into a Stock Purchase Agreement by, between, and among Adam Thomas and Richard Goulding (the " SPA ") pursuant to which Mr. Goulding sold to Mr. Thomas 9,078,000 shares of Series A Preferred Stock (retaining 640,000 shares of Series A Preferred Stock) and 5,000 shares of the Series B Preferred Stock (together, with the shares of Series A Preferred Stock acquired, the " Acquired Shares ") for $5,000. In addition to the cash payment, Mr. Thomas agreed to the following covenants: take reasonable steps to cause to occur, within seven days of closing, the reverse merger or acquisition by the Company, of TAA; form the Series C Preferred Stock of the Company to be issued in the reverse acquisition which will include a provision limiting conversion or transfer for a minimum of 12 months from issuance; cancel and withdraw the Company's Series A Preferred Stock; refrain from transferring

View Full Filing

View this 10-K filing on SEC EDGAR