NaturalShrimp Inc
NaturalShrimp filed its 10-Q for the quarter ended June 30, 2026, presenting a dual-basis financial picture: liquidation-basis statements through June 25, 2026 (net liabilities in liquidation of $8,884,424), and going-concern statements from June 26–30, 2026, following a perpetual license agreement with Hydrenesis. The going-concern balance sheet shows $33,804 in total assets against $11,383,050 in total liabilities, with an accumulated deficit of $183,335,684. The company had negligible operations during the period, reporting a $4,840 net loss over five days.
- Total assets of $33,804 against total liabilities of $11,383,050 as of June 30, 2026.
- Accumulated deficit reached $183,335,684 with stockholders' deficit of $55,083,864.
- Company shifted from liquidation basis to going concern on June 25, 2026, after Hydrenesis perpetual license grant.
- Hydrenesis agreement terms — $1.3M debt-to-equity conversion, preferred share issuances — remained unexecuted at quarter-end.
- 1,337,546,746 common shares outstanding; equity line of credit for up to $5,000,000 not yet drawn.
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A post-receivership shell with $30K cash and $11.4M in debt is attempting to restart as a going concern based on an IP license deal where every material condition remains unfulfilled.
This filing represents a post-receivership shell attempting to restart via an IP licensing pivot — a pattern seen in distressed microcaps where asset sales to creditors leave a public vehicle seeking a new operating purpose.
The Hydrenesis agreement — the sole basis for the going-concern reclassification — had none of its key conditions met as of June 30, 2026: no debt extinguished, no preferred shares issued, no legacy obligations restructured. Failure to close leaves the company with $30,460 cash and no operating path
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