$SFRX
SEAFARER EXPLORATION CORP Stock $sfrx

$sfrx Overview Financials Valuation SEC Filings Company Website

2024 Q2 Form 10-Q Financial Statement

#000119983524000190 Filed on May 13, 2024

Income Statement

Concept	2024 Q2	2024 Q1	2023 Q1
Revenue	$0.00	$3.170K	$0.00
YoY Change	-100.0%		-100.0%
Cost Of Revenue	$472.8K	$685.7K	$714.3K
YoY Change	20.87%	-4.0%	32.53%
Gross Profit	-$472.8K	-$682.5K	-$714.3K
YoY Change	21.05%	-4.45%	33.3%
Gross Profit Margin		-21531.23%
Selling, General & Admin	$170.3K	$233.6K	$206.6K
YoY Change	93.43%	13.06%	58.69%
% of Gross Profit
Research & Development	$157.1K	$131.9K	$32.10K
YoY Change	112.72%	310.99%	-47.74%
% of Gross Profit
Depreciation & Amortization	$17.10K	$5.465K	$5.470K
YoY Change	212.9%	-0.09%	0.0%
% of Gross Profit
Operating Expenses	$346.9K	$1.101M	$250.3K
YoY Change	-39.76%	339.97%	27.0%
Operating Profit	-$819.7K	-$1.098M	-$964.6K
YoY Change	42.49%	13.84%	31.6%
Interest Expense	-$126.5K	-$63.11K	-$26.74K
YoY Change	498.67%	136.01%	73.19%
% of Operating Profit
Other Income/Expense, Net		-$213.9K	-$16.99K
YoY Change		1159.07%
Pretax Income	-$980.6K	-$1.312M	-$991.4K
YoY Change	59.67%	32.35%	32.46%
Income Tax
% Of Pretax Income
Net Earnings	-$980.6K	-$1.312M	-$991.4K
YoY Change	59.67%	32.35%	32.46%
Net Earnings / Revenue		-41390.22%
Basic Earnings Per Share
Diluted Earnings Per Share	$0.00	$0.00	$0.00
COMMON SHARES
Basic Shares Outstanding	8.514B shares	8.492B shares	7.500B shares
Diluted Shares Outstanding

Balance Sheet

Concept	2024 Q2	2024 Q1	2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$473.7K	$485.1K	$173.3K
YoY Change	735.86%	179.85%	214.02%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets	$115.5K	$10.75K	$750.00
YoY Change	15300.0%	1333.33%	-80.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$589.2K	$495.9K	$174.1K
YoY Change	926.0%	184.82%	195.32%
LONG-TERM ASSETS
Property, Plant & Equipment	$245.1K	$236.4K	$273.7K
YoY Change	-10.66%	-13.62%	40.94%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets	$245.1K	$262.2K	$273.7K
YoY Change	-11.16%	-4.19%	40.94%
TOTAL ASSETS
Total Short-Term Assets	$589.2K	$495.9K	$174.1K
Total Long-Term Assets	$245.1K	$262.2K	$273.7K
Total Assets	$834.3K	$758.1K	$447.8K
YoY Change	150.27%	69.3%	76.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$589.0K	$565.6K	$652.9K
YoY Change	1.98%	-13.36%	42.79%
Accrued Expenses	$19.86K	$19.15K	$6.270K
YoY Change	1125.93%	205.42%	-62.86%
Deferred Revenue
YoY Change
Short-Term Debt	$2.136M	$1.948M	$1.056M
YoY Change	102.26%	84.37%	2.43%
Long-Term Debt Due	$25.15K	$25.15K	$17.87K
YoY Change	18.86%	40.74%
Total Short-Term Liabilities	$2.910M	$2.697M	$1.873M
YoY Change	62.0%	44.0%	13.86%
LONG-TERM LIABILITIES
Long-Term Debt	$85.19K	$91.20K	$100.1K
YoY Change	-22.97%	-8.85%
Other Long-Term Liabilities	$1.750K	$6.930K
YoY Change
Total Long-Term Liabilities	$86.94K	$98.13K	$100.1K
YoY Change	-21.39%	-1.92%	1382.22%
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.910M	$2.697M	$1.873M
Total Long-Term Liabilities	$86.94K	$98.13K	$100.1K
Total Liabilities	$2.997M	$2.796M	$1.973M
YoY Change	57.16%	41.67%	19.45%
SHAREHOLDERS EQUITY
Retained Earnings		-$29.66M
YoY Change
Common Stock		$849.4K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$2.163M	-$2.038M	-$1.526M
YoY Change
Total Liabilities & Shareholders Equity	$834.3K	$758.1K	$447.8K
YoY Change	150.27%	69.3%	76.89%

Cashflow Statement

Concept	2024 Q2	2024 Q1	2023 Q1
OPERATING ACTIVITIES
Net Income	-$980.6K	-$1.312M	-$991.4K
YoY Change	59.67%	32.35%	32.46%
Depreciation, Depletion And Amortization	$17.10K	$5.465K	$5.470K
YoY Change	212.9%	-0.09%	0.0%
Cash From Operating Activities	-$771.0K	-$833.8K	-$517.7K
YoY Change	48.55%	61.07%	-19.17%
INVESTING ACTIVITIES
Capital Expenditures	$0.00		$2.000K
YoY Change			-1433.33%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities	$0.00		-$2.000K
YoY Change			1233.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	759.6K	$712.7K	515.6K
YoY Change	88.79%	38.22%	-16.02%
NET CHANGE
Cash From Operating Activities	-771.0K	-$833.8K	-517.7K
Cash From Investing Activities	0.000		-2.000K
Cash From Financing Activities	759.6K	$712.7K	515.6K
Net Change In Cash	-11.43K	-$121.2K	-4.070K
YoY Change	-90.2%	2877.03%	-84.7%
FREE CASH FLOW
Cash From Operating Activities	-$771.0K	-$833.8K	-$517.7K
Capital Expenditures	$0.00		$2.000K
Free Cash Flow	-$771.0K	-$833.8K	-$519.7K
YoY Change	48.55%	60.45%	-18.84%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2024Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2024Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2024
CY2024Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2024Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001106213
CY2024Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2024Q1	dei	Document Type DocumentType	10-Q
CY2024Q1	dei	Document Period End Date DocumentPeriodEndDate	2024-03-31
CY2024Q1	dei	Entity File Number EntityFileNumber	000-29461
CY2024Q1	dei	Entity Registrant Name EntityRegistrantName	SEAFARER EXPLORATION CORP.
CY2024Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	FL
CY2024Q1	dei	Entity Address Address Line2 EntityAddressAddressLine2	Suite 209-N
CY2024Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	Tampa
CY2024Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	FL
CY2024Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	33618
CY2024Q1	dei	City Area Code CityAreaCode	813
CY2024Q1	dei	Local Phone Number LocalPhoneNumber	448-3577
CY2024Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2023Q4	us-gaap	Convertible Notes Payable Current ConvertibleNotesPayableCurrent		usd
CY2024Q1	us-gaap	Preferred Stock Value PreferredStockValue		usd
CY2023Q4	us-gaap	Preferred Stock Value PreferredStockValue		usd
CY2023Q1	us-gaap	Revenues Revenues		usd
CY2023Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt		usd
CY2024Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit		usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit		usd
CY2024Q1	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue		usd
CY2023Q1	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense		usd
CY2023Q1	sfrx	Amortization Of Beneficial Conversion Feature And Loan Fees AmortizationOfBeneficialConversionFeatureAndLoanFees		usd
CY2023Q1	sfrx	Common Stock Issued In Payment Of Vessel Rental CommonStockIssuedInPaymentOfVesselRental		usd
CY2023Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt		usd
CY2023Q1	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense		usd
CY2023Q1	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability		usd
CY2024Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment		usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities		usd
CY2023Q1	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt		usd
CY2023Q1	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable		usd
CY2023Q1	sfrx	Principal Payments On Convertible Notes Payable In Default PrincipalPaymentsOnConvertibleNotesPayableInDefault		usd
CY2024Q1	sfrx	Principal Payments On Convertible Notes Payable PrincipalPaymentsOnConvertibleNotesPayable		usd
CY2024Q1	us-gaap	Payments For Repurchase Of Equity PaymentsForRepurchaseOfEquity		usd
CY2024Q1	us-gaap	Interest Paid Net InterestPaidNet		usd
CY2023Q1	us-gaap	Interest Paid Net InterestPaidNet		usd
CY2024Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet		usd
CY2023Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet		usd
CY2023Q1	us-gaap	Stock Issued During Period Value Conversion Of Convertible Securities StockIssuedDuringPeriodValueConversionOfConvertibleSecurities		usd
CY2024Q1	sfrx	Financing Lease Liabilities And Right Of Use Asset FinancingLeaseLiabilitiesAndRightOfUseAsset		usd
CY2024Q1	sfrx	Stock Issued For Prepaid Services StockIssuedForPrepaidServices		usd
CY2024Q1	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P3Y10M13D
CY2023Q4	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P4Y9M
CY2023Q4	us-gaap	Convertible Notes Payable Current ConvertibleNotesPayableCurrent		usd
CY2023Q1	us-gaap	Revenues Revenues		usd
CY2024Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2024Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	90-0473054
CY2024Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	14497 N. Dale Mabry Highway
CY2024Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2024Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2024Q1	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2024Q1	dei	Entity Small Business EntitySmallBusiness	true
CY2024Q1	dei	Entity Shell Company EntityShellCompany	false
CY2024Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	8514305043	shares
CY2024Q1	us-gaap	Cash Cash	485102	usd
CY2023Q4	us-gaap	Cash Cash	606267	usd
CY2024Q1	sfrx	Prepaid Expense And Deposits Current PrepaidExpenseAndDepositsCurrent	10749	usd
CY2023Q4	sfrx	Prepaid Expense And Deposits Current PrepaidExpenseAndDepositsCurrent	15791	usd
CY2024Q1	us-gaap	Assets Current AssetsCurrent	495851	usd
CY2023Q4	us-gaap	Assets Current AssetsCurrent	622058	usd
CY2024Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	236412	usd
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	248922	usd
CY2024Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	25820	usd
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	30290	usd
CY2024Q1	us-gaap	Assets Assets	758083	usd
CY2023Q4	us-gaap	Assets Assets	901270	usd
CY2024Q1	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	565644	usd
CY2023Q4	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	565009	usd
CY2024Q1	us-gaap	Deferred Revenue DeferredRevenue	140000	usd
CY2023Q4	us-gaap	Deferred Revenue DeferredRevenue	140000	usd
CY2024Q1	sfrx	Discount On Convertible Notes Payable DiscountOnConvertibleNotesPayable	45054	usd
CY2023Q4	sfrx	Discount On Convertible Notes Payable DiscountOnConvertibleNotesPayable	0	usd
CY2024Q1	us-gaap	Convertible Notes Payable Current ConvertibleNotesPayableCurrent	104946	usd
CY2024Q1	sfrx	Convertible Notes Payable In Default ConvertibleNotesPayableInDefault	235300	usd
CY2023Q4	sfrx	Convertible Notes Payable In Default ConvertibleNotesPayableInDefault	355300	usd
CY2024Q1	sfrx	Convertible Notes Payable In Default Related Parties ConvertibleNotesPayableInDefaultRelatedParties	689500	usd
CY2023Q4	sfrx	Convertible Notes Payable In Default Related Parties ConvertibleNotesPayableInDefaultRelatedParties	789500	usd
CY2024Q1	sfrx	Discount On Notes Payable DiscountOnNotesPayable	67708	usd
CY2023Q4	sfrx	Discount On Notes Payable DiscountOnNotesPayable	95214	usd
CY2024Q1	us-gaap	Notes Payable Current NotesPayableCurrent	782292	usd
CY2023Q4	us-gaap	Notes Payable Current NotesPayableCurrent	404786	usd
CY2024Q1	us-gaap	Debt Default Shortterm Debt Amount DebtDefaultShorttermDebtAmount	112000	usd
CY2023Q4	us-gaap	Debt Default Shortterm Debt Amount DebtDefaultShorttermDebtAmount	112000	usd
CY2024Q1	sfrx	Notes Payable In Default Related Parties NotesPayableInDefaultRelatedParties	18500	usd
CY2023Q4	sfrx	Notes Payable In Default Related Parties NotesPayableInDefaultRelatedParties	18500	usd
CY2024Q1	us-gaap	Other Additional Capital OtherAdditionalCapital	5000	usd
CY2023Q4	us-gaap	Other Additional Capital OtherAdditionalCapital	5000	usd
CY2024Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	19154	usd
CY2023Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	18483	usd
CY2024Q1	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	25150	usd
CY2023Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	22263	usd
CY2024Q1	us-gaap	Liabilities Current LiabilitiesCurrent	2697486	usd
CY2023Q4	us-gaap	Liabilities Current LiabilitiesCurrent	2430841	usd
CY2024Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	6934	usd
CY2023Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	11974	usd
CY2024Q1	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	91197	usd
CY2023Q4	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	99917	usd
CY2024Q1	us-gaap	Liabilities Liabilities	2795617	usd
CY2023Q4	us-gaap	Liabilities Liabilities	2542732	usd
CY2024Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2023Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2024Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2023Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2024Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	67	shares
CY2023Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	67	shares
CY2024Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2023Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2024Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	9900000000	shares
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	9900000000	shares
CY2024Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	8493838398	shares
CY2024Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	8493838398	shares
CY2023Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	8314141446	shares
CY2023Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	8314141446	shares
CY2024Q1	us-gaap	Common Stock Value CommonStockValue	849384	usd
CY2023Q4	us-gaap	Common Stock Value CommonStockValue	831415	usd
CY2024Q1	sfrx	Common Stock To Be Issued CommonStockToBeIssued	3971	usd
CY2023Q4	sfrx	Common Stock To Be Issued CommonStockToBeIssued	3104	usd
CY2024Q1	us-gaap	Deferred Compensation Equity DeferredCompensationEquity	143405	usd
CY2023Q4	us-gaap	Deferred Compensation Equity DeferredCompensationEquity	18935	usd
CY2024Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	26912044	usd
CY2023Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	25890412	usd
CY2024Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-29659528	usd
CY2023Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-28347458	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	-2037534	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	-1641462	usd
CY2024Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	758083	usd
CY2023Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	901270	usd
CY2024Q1	us-gaap	Revenues Revenues	3170	usd
CY2024Q1	us-gaap	Professional And Contract Services Expense ProfessionalAndContractServicesExpense	566157	usd
CY2023Q1	us-gaap	Professional And Contract Services Expense ProfessionalAndContractServicesExpense	519486	usd
CY2024Q1	us-gaap	Cost Maintenance CostMaintenance	119548	usd
CY2023Q1	us-gaap	Cost Maintenance CostMaintenance	194819	usd
CY2024Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	131928	usd
CY2023Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	32100	usd
CY2024Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	115389	usd
CY2023Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	153379	usd
CY2024Q1	us-gaap	Professional Fees ProfessionalFees	90478	usd
CY2023Q1	us-gaap	Professional Fees ProfessionalFees	28056	usd
CY2024Q1	us-gaap	Travel And Entertainment Expense TravelAndEntertainmentExpense	55938	usd
CY2023Q1	us-gaap	Travel And Entertainment Expense TravelAndEntertainmentExpense	21184	usd
CY2024Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	12510	usd
CY2023Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	11588	usd
CY2024Q1	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	9388	usd
CY2023Q1	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	13769	usd
CY2024Q1	us-gaap	Operating Expenses OperatingExpenses	1101336	usd
CY2023Q1	us-gaap	Operating Expenses OperatingExpenses	974381	usd
CY2024Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-1098166	usd
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-974381	usd
CY2024Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-59499	usd
CY2023Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-16989	usd
CY2024Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-154405	usd
CY2024Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-213904	usd
CY2023Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-16989	usd
CY2024Q1	us-gaap	Profit Loss ProfitLoss	-1312070	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	-991370	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	-1312070	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-991370	usd
CY2024Q1	sfrx	Earnings Per Share Basic And Diluted1 EarningsPerShareBasicAndDiluted1	-0.00
CY2023Q1	sfrx	Earnings Per Share Basic And Diluted1 EarningsPerShareBasicAndDiluted1	-0.00
CY2024Q1	sfrx	Weighted Average Number Of Share Outstanding Basic And Diluted1 WeightedAverageNumberOfShareOutstandingBasicAndDiluted1	8439207766	shares
CY2023Q1	sfrx	Weighted Average Number Of Share Outstanding Basic And Diluted1 WeightedAverageNumberOfShareOutstandingBasicAndDiluted1	7358073442	shares
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	-1641462	usd
CY2024Q1	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	318500	usd
CY2024Q1	sfrx	Stock Issued For Loan Origination Fee StockIssuedForLoanOriginationFee	45830	usd
CY2024Q1	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	152225	usd
CY2024Q1	sfrx	Stock Issued To Settle Accounts Payable StockIssuedToSettleAccountsPayable	33143	usd
CY2024Q1	sfrx	Stock Issued During Period Value In Exchange For Leasing Vessel StockIssuedDuringPeriodValueInExchangeForLeasingVessel	30000	usd
CY2024Q1	us-gaap	Stock Issued During Period Value Conversion Of Convertible Securities StockIssuedDuringPeriodValueConversionOfConvertibleSecurities	274970	usd
CY2024Q1	sfrx	Amortization Of Unearned Compensation AmortizationOfUnearnedCompensation	61330	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	-1312070	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	-2037534	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	-1495697	usd
CY2023Q1	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	526000	usd
CY2023Q1	sfrx	Stock Issued During Period Value As Charitable Donation StockIssuedDuringPeriodValueAsCharitableDonation	7200	usd
CY2023Q1	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	373971	usd
CY2023Q1	sfrx	Amortization Of Unearned Compensation AmortizationOfUnearnedCompensation	54340	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-991370	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	-1525556	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	-1312070	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-991370	usd
CY2024Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	12510	usd
CY2023Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	11588	usd
CY2024Q1	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	4467	usd
CY2024Q1	sfrx	Amortization Of Beneficial Conversion Feature And Loan Fees AmortizationOfBeneficialConversionFeatureAndLoanFees	29779	usd
CY2024Q1	sfrx	Amortization Of Unearned Compensation AmortizationOfUnearnedCompensation	61330	usd
CY2023Q1	sfrx	Amortization Of Unearned Compensation AmortizationOfUnearnedCompensation	54340	usd
CY2024Q1	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	152225	usd
CY2023Q1	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	373971	usd
CY2024Q1	sfrx	Common Stock Issued In Payment Of Vessel Rental CommonStockIssuedInPaymentOfVesselRental	30000	usd
CY2024Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-154405	usd
CY2024Q1	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	5042	usd
CY2024Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	32849	usd
CY2023Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	33790	usd
CY2024Q1	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-4369	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-833832	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-517681	usd
CY2023Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	2000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-2000	usd
CY2024Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	318500	usd
CY2023Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	526000	usd
CY2024Q1	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	150000	usd
CY2024Q1	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	350000	usd
CY2024Q1	us-gaap	Payments To Acquire Equipment On Lease PaymentsToAcquireEquipmentOnLease	5833	usd
CY2023Q1	us-gaap	Payments To Acquire Equipment On Lease PaymentsToAcquireEquipmentOnLease	2987	usd
CY2024Q1	sfrx	Principal Payments On Convertible Notes Payable In Default PrincipalPaymentsOnConvertibleNotesPayableInDefault	100000	usd
CY2023Q1	sfrx	Principal Payments On Convertible Notes Payable PrincipalPaymentsOnConvertibleNotesPayable	5000	usd
CY2023Q1	us-gaap	Payments For Repurchase Of Equity PaymentsForRepurchaseOfEquity	2400	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	712667	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	515613	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-121165	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-4068	usd
CY2023Q4	us-gaap	Cash Cash	606267	usd
CY2022Q4	us-gaap	Cash Cash	177409	usd
CY2024Q1	us-gaap	Cash Cash	485102	usd
CY2023Q1	us-gaap	Cash Cash	173341	usd
CY2024Q1	us-gaap	Stock Issued During Period Value Conversion Of Convertible Securities StockIssuedDuringPeriodValueConversionOfConvertibleSecurities	274970	usd
CY2023Q1	sfrx	Financing Lease Liabilities And Right Of Use Asset FinancingLeaseLiabilitiesAndRightOfUseAsset	122464	usd
CY2023Q1	sfrx	Stock Issued For Prepaid Services StockIssuedForPrepaidServices	280800	usd
CY2024Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-29659528	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	-1312070	usd
CY2024Q1	sfrx	Working Capital Deficit WorkingCapitalDeficit	2201635	usd
CY2024Q1	us-gaap	Cash Fdic Insured Amount CashFDICInsuredAmount	250000	usd
CY2023Q4	us-gaap	Cash Fdic Insured Amount CashFDICInsuredAmount	250000	usd
CY2024Q1	us-gaap	Cash Uninsured Amount CashUninsuredAmount	235102	usd
CY2024Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	131928	usd
CY2023Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	32100	usd
CY2024Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	606961668	shares
CY2023Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	717620292	shares
CY2024Q1	us-gaap	Depreciation Depreciation	5465	usd
CY2023Q1	us-gaap	Depreciation Depreciation	5465	usd
CY2023	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	1564	usd
CY2023Q3	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	1611	usd
CY2024	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	1612	usd
CY2024Q1	us-gaap	Operating Lease Expense OperatingLeaseExpense	5154	usd
CY2023Q1	us-gaap	Operating Lease Expense OperatingLeaseExpense	4601	usd
CY2024Q1	us-gaap	Use Of Estimates UseOfEstimates	<p id="xdx_84D_eus-gaap--UseOfEstimates_ziogesqyGo45" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86C_zbnwyob8rmda">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The process of preparing condensed consolidated financial statements in conformity with GAAP requires the use of estimates and assumptions regarding certain types of assets, liabilities, revenues, and expenses. Significant estimates for the three month periods ended March 31, 2024 and 2023 include the useful life of property, plant and equipment, valuation allowances against deferred tax assets, the fair value of non cash equity transactions, and impairment of long-lived assets.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2021	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	1475	usd
CY2022	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	1519	usd
CY2024Q1	sfrx	Office Lease OfficeLease	37502	usd
CY2023Q4	sfrx	Office Lease OfficeLease	37502	usd
CY2024Q1	sfrx	Accumulated Amortization AccumulatedAmortization	11682	usd
CY2023Q4	sfrx	Accumulated Amortization AccumulatedAmortization	7212	usd
CY2024Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	25820	usd
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	30290	usd
CY2024Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	26088	usd
CY2023Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	30457	usd
CY2024Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	19154	usd
CY2023Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	18483	usd
CY2024Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	6934	usd
CY2023Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	11974	usd
CY2024Q1	us-gaap	Operating Leases Future Minimum Payments Due Current OperatingLeasesFutureMinimumPaymentsDueCurrent	15495	usd
CY2024Q1	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	12261	usd
CY2024Q1	us-gaap	Operating Leases Future Minimum Payments Remainder Of Fiscal Year OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear	27756	usd
CY2024Q1	sfrx	Present Value Discount PresentValueDiscount	1668	usd
CY2024Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	26088	usd
CY2024Q1	us-gaap	Finance Lease Right Of Use Asset Before Accumulated Amortization FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization	142936	usd
CY2023Q4	us-gaap	Finance Lease Right Of Use Asset Before Accumulated Amortization FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization	142936	usd
CY2024Q1	us-gaap	Finance Lease Right Of Use Asset Accumulated Amortization FinanceLeaseRightOfUseAssetAccumulatedAmortization	33960	usd
CY2023Q4	us-gaap	Finance Lease Right Of Use Asset Accumulated Amortization FinanceLeaseRightOfUseAssetAccumulatedAmortization	26915	usd
CY2024Q1	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	108976	usd
CY2023Q4	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	116021	usd
CY2024Q1	us-gaap	Finance Lease Liability FinanceLeaseLiability	116347	usd
CY2023Q4	us-gaap	Finance Lease Liability FinanceLeaseLiability	122180	usd
CY2024Q1	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	25150	usd
CY2023Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	22263	usd
CY2024Q1	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	91197	usd
CY2023Q4	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	99917	usd
CY2024Q1	us-gaap	Finance Lease Liability Payments Due Next Twelve Months FinanceLeaseLiabilityPaymentsDueNextTwelveMonths	28319	usd
CY2024Q1	us-gaap	Finance Lease Liability Payments Due Year Two FinanceLeaseLiabilityPaymentsDueYearTwo	37758	usd
CY2024Q1	us-gaap	Finance Lease Liability Payments Due Year Three FinanceLeaseLiabilityPaymentsDueYearThree	37758	usd
CY2024Q1	us-gaap	Finance Lease Liability Payments Due Year Four FinanceLeaseLiabilityPaymentsDueYearFour	37758	usd
CY2024Q1	us-gaap	Finance Lease Liability Payments Due After Year Five FinanceLeaseLiabilityPaymentsDueAfterYearFive	4414	usd
CY2024Q1	us-gaap	Finance Lease Liability Payments Due FinanceLeaseLiabilityPaymentsDue	146007	usd
CY2024Q1	sfrx	Finance Lease Imputed Interest FinanceLeaseImputedInterest	-29660	usd
CY2024Q1	us-gaap	Finance Lease Liability FinanceLeaseLiability	116347	usd
CY2024Q1	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	33960	usd
CY2023Q1	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	6123	usd
CY2024Q1	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	3607	usd
CY2023Q1	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	3629	usd
CY2024Q1	sfrx	Total Finance Lease Expense TotalFinanceLeaseExpense	37567	usd
CY2023Q1	sfrx	Total Finance Lease Expense TotalFinanceLeaseExpense	9752	usd
CY2024Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.12	pure
CY2023Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.12	pure
CY2024Q1	sfrx	Discount On Convertible Notes Payable DiscountOnConvertibleNotesPayable	45054	usd
CY2023Q4	sfrx	Discount On Convertible Notes Payable DiscountOnConvertibleNotesPayable	-0	usd
CY2024Q1	us-gaap	Convertible Notes Payable Current ConvertibleNotesPayableCurrent	104946	usd
CY2024Q1	us-gaap	Convertible Notes Payable ConvertibleNotesPayable	936342	usd
CY2023Q4	us-gaap	Convertible Notes Payable ConvertibleNotesPayable	1144800	usd
CY2024Q1	sfrx	Discount On Notes Payable DiscountOnNotesPayable	67708	usd
CY2023Q4	sfrx	Discount On Notes Payable DiscountOnNotesPayable	95214	usd
CY2024Q1	us-gaap	Notes Payable NotesPayable	912792	usd
CY2023Q4	us-gaap	Notes Payable NotesPayable	535286	usd
CY2024Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	9900000000	shares
CY2024Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2024Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2024Q1	us-gaap	Revenues Revenues	3170	usd
CY2024Q1	us-gaap	Operating Expenses OperatingExpenses	1101336	usd
CY2024Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-1098166	usd
CY2023Q1	us-gaap	Operating Expenses OperatingExpenses	974381	usd
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-974381	usd

Files In Submission

Name	View Source	Status
FilingSummary.xml	Edgar Link	unprocessable
0001199835-24-000190-index-headers.html	Edgar Link	pending
0001199835-24-000190-index.html	Edgar Link	pending
0001199835-24-000190.txt	Edgar Link	pending
0001199835-24-000190-xbrl.zip	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
sfrx-10q.htm	Edgar Link	pending
sfrx-20240331.xsd	Edgar Link	pending
sfrx-ex31_1.htm	Edgar Link	pending
sfrx-20240331_cal.xml	Edgar Link	unprocessable
sfrx-10q_htm.xml	Edgar Link	completed
sfrx-20240331_def.xml	Edgar Link	unprocessable
sfrx-20240331_lab.xml	Edgar Link	unprocessable
sfrx-20240331_pre.xml	Edgar Link	unprocessable
sfrx-ex32_1.htm	Edgar Link	pending
Show.js	Edgar Link	pending
sx001_v1.jpg	Edgar Link	pending

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$SFRX
SEAFARER EXPLORATION CORP Stock $sfrx

2024 Q2 Form 10-Q Financial Statement

#000119983524000190 Filed on May 13, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SFRX SEAFARER EXPLORATION CORP Stock $sfrx

2024 Q2 Form 10-Q Financial Statement

#000119983524000190 Filed on May 13, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SFRX
SEAFARER EXPLORATION CORP Stock $sfrx