NaturalShrimp Incorporated filed a quarterly report describing its court-supervised liquidation and sale of substantially all assets. A receiver sold the company’s operating assets to secured lenders for a roughly $35,703,789.87 credit bid plus $100,000 cash, extinguishing restructured notes and a line of credit.
Under the liquidation basis of accounting, NaturalShrimp reported cash of $184,967 and net liabilities in liquidation of $(8,648,682) as of June 30, 2025, including about $3.0 million owed to related parties. The company now has limited assets, is working with creditors on how to settle remaining obligations, and had minimal operating activity in the quarter.
Going-concern statements for the prior-year quarter show sales of $36,618 and a net loss of $(2,802,548), highlighting that the shrimp production business was not financially self-sustaining. Management also concluded disclosure controls and procedures were not effective due to material weaknesses in internal control over financial reporting.