NaturalShrimp Incorporated has reported its financial performance for the three months ending June 30, 2025, under a liquidation basis of accounting, reflecting significant changes from the previous fiscal period. As of June 30, 2025, the company reported net liabilities in liquidation of approximately $8.65 million, a decrease from $8.79 million as of March 31, 2025. The reduction in liabilities was primarily due to the extinguishment of approximately $36 million in outstanding debt through the transfer of fixed and intangible assets to creditors, Streeterville Capital, LLC, and Bucktown Capital, LLC.
In the previous fiscal period, NaturalShrimp's operations were characterized by a net loss of $2.8 million for the three months ended June 30, 2024, with revenues of $36,618 and a cost of sales amounting to $34,732. The company faced substantial operating expenses totaling $2.07 million, leading to a net loss from operations of $2.06 million. The transition to a liquidation basis reflects the company's inability to continue as a going concern, following a court-ordered receivership initiated in September 2024 due to defaults on loan agreements.
Strategically, the company underwent significant organizational changes, including the appointment of a receiver to manage its assets and the subsequent sale of its assets to creditors. The court approved the sale of substantially all of the company's assets for a credit bid of approximately $35.7 million and $100,000 in cash, which was finalized on May 14, 2025. This marked a pivotal shift in the company's operations, as it transitioned from a biotechnology firm focused on shrimp farming to a liquidation process.
Operationally, NaturalShrimp's customer engagement and market presence have diminished significantly, with no reported sales activity in the latest quarter. The company has not disclosed any customer counts or product adoption rates, indicating a complete halt in its business operations. The focus has shifted to settling outstanding obligations, primarily consisting of payables to finance and legal service providers, accrued salaries, and loans. As of June 30, 2025, the company had limited liquidity and was uncertain about the timeline for completing the liquidation process.
Looking ahead, NaturalShrimp's outlook remains uncertain as it navigates the liquidation process. The company is working with its creditors to settle remaining obligations, but the lack of operational activity and revenue generation raises questions about its future viability. The financial statements reflect a stark transition from a going concern to a liquidation basis, underscoring the challenges faced by the company in the current market environment.
About NaturalShrimp Inc
NaturalShrimp Incorporated is an aquaculture technology company specializing in proprietary, eco-friendly, recirculating systems for sustainable, antibiotic-free shrimp production. Its core business involves developing and operating indoor facilities for high-density, regional shrimp farming, delivering fresh, natural, and locally-grown shrimp year-round. The company leverages patented water treatment and biological control technologies to address ecological and health concerns, targeting global markets with a focus on quality, sustainability, and supply chain transparency.
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