Trans American Aquaculture, Inc. is a U.S.-based shrimp farming company specializing in large, high-quality Pacific white shrimp using sustainable practices, currently undergoing bankruptcy and operational restructuring.

# Company Summary - Trans American Aquaculture, Inc.

## Business Overview
- **Industry:** Aquaculture / Shrimp Farming
- **Main Product:** Extra-large farm-raised Pacific white shrimp
- **Market Focus:** U.S. domestic seafood market
- **Production Facility:** 1,880-acre farm located in Rio Hondo, Texas
- **Production Practices:**
  - Follows Best Aquaculture Practices (BAP) guidelines
  - Uses sustainable, environmentally responsible methods
  - No water discharge into local environment, ensuring zero ecological impact
  - Strict feed standards: uses USDA-inspected ingredients, no antibiotics or chemicals
  - Produces shrimp with a clean, sweet taste attributed to unique environmental conditions (soil, minerals, brackish water, climate)
  - Develops and supports its own genetics, broodstock, hatchery, and larvae post development
  - Capable of producing large, jumbo shrimp (>28 grams) on a large scale, a unique advantage in the U.S.
- **Products:**
  - Head-on and Headless/Shell-on Pacific White Leg Shrimp
  - Focuses on large shrimp sizes (21/25 count, >28 grams)
  - Sells primarily to markets, distributors, restaurants, high-end markets, ethnic stores, and several international markets
  - Also sells genetically superior broodstock to foreign producers
- **Market & Demand:**
  - U.S. is the second-largest shrimp import and consumption market, with 1.6 billion pounds consumed in 2021
  - Global shrimp trade worth approximately $24 billion in 2022
  - Industry growing at a CAGR of 6.72% through 2028
  - Focus on large shrimp with premium pricing due to market scarcity
- **Business Operations:**
  - Surface operations primarily involve breeding, larval rearing, and grow-out in outdoor ponds
  - Two harvests expected annually (June/July and October/November)
  - Revenue recognition primarily in June/July and October/November
  - Exploring export opportunities for broodstock, approved importers in India
  
## Employees & Customers
- **Employees:** 4 full-time employees (as of July 15, 2025)
- **Customers:** Direct sales to seafood processors; external buyers include retailers and distributors
- **Revenue (2024):** $331,645 (an increase from $101,574 in 2023)
- **Income (2024):** Net loss of $2,808,894 (compared to a net loss of $1,894,993 in 2023)
- **Cash:** $0 as of December 31, 2024

## Key Financial Details
- **Recent Revenue Growth:** 227% increase from 2023 to 2024
- **Cost of Goods Sold (2024):** $321,615, decreased significantly from $661,591 in 2023
- **Gross Profit (2024):** $10,030
- **Net Loss (2024):** $2,808,894
- **Operating Expenses:** ~$846,234 in 2024
- **Interest Expense:** ~$478,000 in 2024
- **Assets:** Mainly shrimp inventory and property, plant, and equipment; property significantly reduced due to foreclosure and bankruptcy
- **Liabilities:** Current liabilities exceed assets by approximately $3.35 million; includes shareholder notes (about $1.6 million) and a bank loan
  
## Strategic & Operational Notes
- The company is in bankruptcy (Chapter 11 filed December 2, 2024) due to foreclosure and threats from Kings Aqua Farm LLC
- Currently, no active production, only maintenance of broodstock
- Working on developing genetic lines, broodstock, and genetic enhancement
- Anticipates future sales from shrimp harvests and broodstock export
- The business is highly dependent on market shrimp prices and demand, which are volatile
- No current full compliance with BAP standards but working toward it

**Overall:** Trans American Aquaculture, Inc. is a U.S.-based shrimp farming company with its own genetics program, producing large, high-quality Pacific white shrimp for premium markets. It has minimal current revenue, a small employee base, and is navigating bankruptcy and operational restructuring.

Trans American Aquaculture, Inc. is a Texas-based company focused on sustainable farming and production of extra-large Pacific white shrimp for the U.S. seafood market.

# Company Overview: Trans American Aquaculture, Inc.

## Business Description
Trans American Aquaculture, Inc. specializes in the sustainable farming and production of extra-large Pacific white shrimp (Penaeus vannamei) for the U.S. domestic seafood market. The Company operates a shrimp farm on a **1,880-acre** facility located in **Rio Hondo, Texas**, with **1,144 acres** designated for grow-out ponds.

### Products
The primary product offerings include:
- **Head-on and Headless/Shell-on Pacific White Leg Shrimp**: Targeted towards high-end markets, ethnic stores, and various food service businesses in the American, Mexican, European, and Asian markets. 
- **Broodstock Sales**: Broodstock are used by foreign shrimp producers for breeding purposes.

### Quality and Sustainability Practices
- The shrimp are raised without antibiotics or hormones, adhering to **Best Aquaculture Practices (BAP)** and **USDA** standards.
- The farm utilizes a **100% closed system**, ensuring no ecological impact on surrounding areas through water discharge.
- All feed ingredients are sourced from the U.S. and are rigorously inspected.

### Competitive Advantage
- The Company focuses on producing shrimp greater than **28 grams** (21/25 count) due to limited supply in the market, thus commanding higher prices compared to competitors who typically produce smaller shrimp.
- Trans American Aquaculture, Inc. holds an advantage due to its own **on-site maturation and hatchery facilities**, which enables it to cultivate genetically superior shrimp.

## Market Presence
- The Company primarily markets its shrimp directly to processing companies that then distribute the product to big box retailers. 
- As of mid-2024, the company had **six full-time employees**. 
- Revenue projections indicate that the Company failed to produce a significant harvest prior to September 2023, with contracts for **140,000 lbs** of shrimp expected, and ambitions for **over 1 million lbs** in 2024 over two harvests.

## Financials
- The revenue for the year 2023 was insufficient to achieve net income.
- The company is currently in a precarious financial situation, needing additional financing to sustain operations. 

## Challenges Faced
- Dependence on fluctuating shrimp prices can adversely affect revenue and profitability.
- The business is seasonal and heavily reliant on the weather conditions affecting shrimp growth.
- Outstanding debts and financial obligations may constrain liquidity, affecting operational stability.

## Conclusion
Trans American Aquaculture, Inc. is dedicated to providing high-quality, sustainably farmed shrimp while navigating significant operational challenges including financial obligations, market competition, and seasonal variability in production.

Trans American Aquaculture, Inc

10-K / July 17, 2025

10-K / July 2, 2024

10-K / July 17, 2025

Company Summary - Trans American Aquaculture, Inc.

Business Overview

Employees & Customers

Key Financial Details

Strategic & Operational Notes