Trans American Aquaculture Files 10-Q/A for Q3 2024

TL;DR

Trans American Aquaculture filed an amended 10-Q for Q3 2024, updating preferred stock details.

AI Summary

Trans American Aquaculture, Inc. filed an amended 10-Q for the period ending September 30, 2024. The filing includes XBRL data and details preferred stock series A, B, C, and D as of September 30, 2024, and December 31, 2023. It also covers common stock and preferred stock series A, B, C, and D as of December 31, 2022.

Why It Matters

This amended filing provides updated financial reporting for Trans American Aquaculture, Inc., crucial for investors assessing the company's financial health and preferred stock structure.

Risk Assessment

Risk Level: low — The filing is an amendment to a previous report and primarily contains financial data without significant new disclosures or events.

Key Numbers

• Q3 2024 — Reporting Period (The amended 10-Q covers the third quarter of 2024.)
• 2024-09-30 — As of Date (Financial data for preferred stock series A, B, C, and D is reported as of this date.)
• 2023-12-31 — Prior Year End Date (Comparative financial data for preferred stock series A, B, C, and D is provided as of this date.)

Key Players & Entities

• Trans American Aquaculture, Inc. (company) — Filer of the 10-Q/A
• 0001990446 (company) — Central Index Key for Trans American Aquaculture, Inc.
• 2024-09-30 (date) — Conformed period of report
• 2024-11-20 (date) — Filed as of date

FAQ

Key Financial Figures

• $0.000001 — hares of the registrant's common stock, $0.000001 par value per share, outstanding as of
• $5,000 — from Mr. Goulding for a cash payment of $5,000. In further consideration for the sale

Filing Documents

• transaqua_i10qa1-093024.htm (10-Q/A) — 702KB
• transaqua_ex3101.htm (EX-31.1) — 11KB
• transaqua_ex3102.htm (EX-31.2) — 11KB
• transaqua_ex3201.htm (EX-32.1) — 3KB
• 0001683168-24-008291.txt ( ) — 3657KB
• grps-20240930.xsd (EX-101.SCH) — 27KB
• grps-20240930_cal.xml (EX-101.CAL) — 42KB
• grps-20240930_def.xml (EX-101.DEF) — 118KB
• grps-20240930_lab.xml (EX-101.LAB) — 265KB
• grps-20240930_pre.xml (EX-101.PRE) — 222KB
• transaqua_i10qa1-093024_htm.xml (XML) — 436KB

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION 3

Financial Statements

Item 1. Financial Statements 3 Consolidated Balance Sheets 3 Consolidated Statements of Operations 4 Consolidated STatements of Changes in Stockholders' Deficit 5 Consolidated Statements of Cash Flows 6 Notes to the Consolidated Financial Statements 7

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 19

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 25

Controls and Procedures

Item 4. Controls and Procedures 25

—OTHER INFORMATION

PART II—OTHER INFORMATION 26

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 26

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 26

Other Information

Item 5. Other Information 26

Exhibits

Item 6. Exhibits 26

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements Trans American Aquaculture, Inc. (Formerly Gold River Productions, Inc.) Consolidated Balance Sheets September 30, December 31, 2024 2023 (Unaudited) ASSETS CURRENT ASSETS Cash and cash equivalents $ 0 $ 6,600 Receivable from factor 12,357 0 Inventory 222,234 247,825 Other current assets 904 0 TOTAL CURRENT ASSETS 235,495 254,425 PROPERTY AND EQUIPMENT 7,901,541 7,935,824 Less accumulated depreciation ( 547,287 ) ( 527,827 ) NET PROPERTY AND EQUIPMENT 7,354,254 7,407,997 TOTAL ASSETS $ 7,589,749 $ 7,662,422 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Overdraft $ 5,605 $ 0 Accounts payable 486,946 480,721 Accrued interest expense 1,154,126 789,265 Other accrued expenses 594,208 345,825 Income tax payable 0 0 Due to related parties 1,642,598 1,667,985 Current portion of notes payable 1,129,671 525,609 TOTAL CURRENT LIABILITIES 5,013,154 3,809,406 LONG-TERM LIABILITIES Notes payable, net of current portion 4,164,388 4,332,293 TOTAL LONG-TERM LIABILITIES 4,164,388 4,332,293 STOCKHOLDERS' EQUITY Common stock, $ .000001 par value, 3,000,000,000 shares authorized, 1,471,954,105 and 1,452,655,528 shares issued and outstanding 35 20 Preferred Stock, Series A, .000001 par value 9,078,000 and 9,078,000 shares authorized, 9,078,000 issued and outstanding 0 0 Preferred Stock, Series B, .000001 par value 5,000 and 5,000 shares authorized, 5,000 issued and outstanding 0 0 Preferred Stock, Series C, $ .000001 par value, 100,000 and 100,000 shares authorized, 100,000 issued and outstanding and outstanding 0 0 Preferred Stock, Series D, .000001 par value, 1,144 shares authorized, 1,143 and 1,076 issued and outstanding 0 0 Additional paid in capital - common stock 135,103 99,980 Additional paid in capital - preferred stock (Series C) 1,287,091 1,287,091 Additional paid in capital - preferred stock (Series D) 1,143,7

View Full Filing

View this 10-Q/A filing on SEC EDGAR