Gold River Productions Inc (OTC: GRPS), formerly operating under that name and now conducting business as Trans American Aquaculture, Inc., is a development-stage aquaculture company that farms and sells premium Pacific White Leg Shrimp (Vannamei species). Revenue is generated through transactional sales of farm-raised shrimp to markets, distributors, and restaurants, and through broodstock sales to foreign shrimp producers. The company targets the jumbo size segment (28+ grams, 21/25 count per pound), which commands a premium price due to limited supply from global producers. For FY2024, cost of goods sold were $321,615 and gross profit was $10,030, producing a 3% gross margin. The company carried an accumulated deficit of $2,866,673 and current liabilities exceeding current assets by $3,478,423 as of December 31, 2024, with going-concern doubt noted by auditors. Operations are highly dependent on external financing, and the company has not yet established a significant customer base or completed full harvest cycles.

Revenue model

Transactional sales of farm-raised Pacific White Leg Shrimp (head-on and headless/shell-on) to markets, distributors, and restaurants; supplemental broodstock sales to foreign shrimp producers. FY2024 gross profit was $10,030 on cost of goods sold of $321,615.

Products and services

Pacific White Leg Shrimp (Vannamei species), head-on and headless/shell-on formats, targeting jumbo size (28+ grams, 21/25 count per pound). Broodstock (mature shrimp sold to foreign producers for breeding purposes).

Customers and end markets

High-end grocery markets, ethnic grocery stores, restaurants, and food distributors. End markets include American, Mexican, European, and Asian consumers. Broodstock sold to foreign shrimp producers.

Value-chain role

Vertically integrated aquaculture producer: breeds, grows, harvests, and sells farm-raised shrimp directly to downstream buyers including markets, distributors, and restaurants.

Geographic exposure

Operations not explicitly located in the filing excerpts beyond Ecuador references for broodstock development context. CEO Adam Thomas listed; COO Luis Fernando Granda Arias listed. Stockholder addresses reference Ecuador and the United States.

Source: SEC 10-K, filed 2025-07-17

Industry: Agricultural Prod-Livestock & Animal Specialties