NaturalShrimp Incorporated filed a Form 10-Q with the U.S. Securities and Exchange Commission on November 10, 2026, covering the quarterly period ended September 30, 2026, disclosing continued operations under a going-concern basis following a prior liquidation period.

Key Highlights

  • Accumulated deficit: The company reported an accumulated deficit of $183,419,101 as of September 30, 2026.
  • Total stockholders' deficit: Total stockholders' deficit stood at $(8,429,295) at the close of the quarter.
  • Net loss: The company recorded a net loss of $83,417 for the three months ended September 30, 2026, entirely from general and administrative expenses.
  • Total assets: Total assets were $17,408, consisting of $11,886 in cash and $5,522 in prepaid expenses.
  • Shares outstanding: As of November 10, 2026, there were 1,377,546,746 shares of common stock outstanding.
  • Capital contributions: Non-cash capital contributions during the quarter included $43,612,500 from Series A and F preferred share cancellations, $1,773,831 from accrued compensation forgiveness, and $1,257,415 from payable forgiveness.
  • Series M Preferred financing: The company received $49,000 in proceeds from the sale of Series M Preferred Shares during the quarter.

NaturalShrimp Returns to Going-Concern Basis After Liquidation Period

NaturalShrimp Incorporated, a Nevada corporation headquartered in Dallas, Texas, that previously operated as a shrimp aquaculture company, filed its quarterly report presenting financial statements prepared on a going-concern basis as of September 30, 2026. This followed a period during which the company had reported under a liquidation basis, as reflected in a separate Statement of Net Liabilities in Liquidation as of March 31, 2026, which showed net liabilities in liquidation of $(8,992,589) at that date.

According to the filing, total current liabilities reached $8,269,826, against total assets of only $17,408. The company's current liabilities included accounts payable of $1,708,462, accrued expenses of $2,087,557, notes payable of $1,079,832, dividends payable of $933,993, and mandatorily redeemable preferred shares of $2,459,982. The filing also disclosed 191 shares of Series M Convertible Preferred Stock issued and outstanding at September 30, 2026, carried at $176,877 in the mezzanine section of the balance sheet.

The company's Statement of Changes in Shareholders' Equity shows that during the quarter, all 5,000,000 shares of Series A Preferred Stock were cancelled as part of a capital contribution, contributing $43,612,000 to additional paid-in capital. Additional paid-in capital rose from $127,783,727 at June 30, 2026 to $174,522,214 at September 30, 2026, primarily as a result of these non-cash contributions. The filing noted that the company had not filed all reports required under the Securities Exchange Act of 1934 during the preceding 12 months, checking "No" on both the timely filer and electronic submission compliance questions on the cover page. The company is classified as a non-accelerated filer and a smaller reporting company, and its securities are not listed on any national exchange under Section 12(b) of the Act.

What Was Disclosed

NaturalShrimp Incorporated's 10-Q for the quarter ended September 30, 2026 disclosed a going-concern balance sheet with $17,408 in total assets against $8,269,826 in total liabilities, a net loss of $83,417, and substantial non-cash capital contributions from preferred share cancellations and debt forgiveness totaling over $46 million.