Due to Related Party

12 Months Ended

Dec. 31, 2016

Related Party Transactions [Abstract]

Due to Related Party

Note 8: Due to Related Party

The Company has been given access to the Line of Credit that Madeira Beach Seafood, Inc.(“MBS”) has with Bank of America. As of December 31, 2016, Omni Shrimp has utilized $196,000 from that line of credit. Interest, charge at a rate of 5.25% per year, is paid by Omni to MBS who then pays the bank. The liability to Bank of America lies with MBS

Prior to the onset of operations at Omni Shrimp, Inc., MBS advance Omni $20,000 for the commencement of operations. Additionally, they funded Omni and additional $5,743 for expenses. As such, the liability to MBS is $25,743.

At December 31, 2016, the amount owed to MBS is as follows:

Amount forwarded from MBS from Bank of America line	$	196,000
Amount advanced by MBS to Omni Shrimp, Inc.		25,743
Amount outstanding at December 31, 2016	$	221,743