For the quarter ending 2026-03-31, SFRX has $205,545 in assets. $3,407,728 in debts.
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash | 30,216 | 50,469 | 24,653 | 3,237 |
| Prepaid consulting expense | 6,359 | 6,907 | 5,040 | - |
| Deposits and other prepaids | 749 | 749 | 749 | 8,318 |
| Total current assets | 37,324 | 58,125 | 30,442 | 11,555 |
| Property and equipment, net | 125,380 | 170,743 | 190,554 | 210,365 |
| Office lease | 53,382 | 90,884 | - | - |
| Less accumulated amortization | 10,541 | 44,012 | - | - |
| Right of use asset | 42,841 | 46,872 | 50,809 | 1,719 |
| Total assets | 205,545 | 275,740 | 271,805 | 223,639 |
| Convertible notes payable | - | - | 75,000 | 15,000 |
| Accounts payable and accrued expenses | 981,807 | 1,044,970 | 953,305 | 769,023 |
| Deferred revenue | 140,000 | 140,000 | 140,000 | 140,000 |
| Convertible notes payable, in default | 325,300 | 475,300 | 400,300 | 385,300 |
| Convertible notes payable, in default - related parties | 699,500 | 704,500 | 704,500 | 704,500 |
| Notes payable, net of discount of 4,783 and 67,708, respectively | - | 45,217 | - | 0 |
| Convertible notes payable - related parties | - | - | - | 0 |
| Notes payable, in default | 1,162,000 | 1,112,000 | 1,112,000 | 1,112,000 |
| Notes payable, in default - related parties | 18,500 | 18,500 | 18,500 | 18,500 |
| Line of credit | 0 | 40,304 | 49,152 | 37,000 |
| Shareholder loan | 5,000 | 5,000 | 5,000 | 5,000 |
| Operating lease liability, current | 16,848 | 16,238 | 15,643 | 1,753 |
| Finance lease liability, current | 16,068 | 29,640 | 28,537 | 27,921 |
| Total current liabilities | 3,365,023 | 3,631,669 | 3,501,937 | 3,215,997 |
| Operating lease liability, long-term | 26,527 | 30,968 | 35,300 | - |
| Finance lease liability, long-term | 16,178 | 40,623 | 48,914 | 56,505 |
| Series b - 60 shares issued and outstanding-Series BPreferred Stock | - | - | - | 0 |
| Total liabilities | 3,407,728 | 3,703,260 | 3,586,151 | 3,272,502 |
| Series b - 60 shares issued and outstanding | 0 | - | - | 0 |
| Common stock, 0.0001 par value - 17,000,000,000 shares authorized 10,807,243,691 and 10,133,211,197 shares issued and outstanding at march 31, 2026 and december 31, 2025, respectively | 1,080,725 | 1,013,322 | 975,172 | 948,789 |
| Common stock to be issued, 0.0001 par value, 32,373,211 shares outstanding | 3,238 | 3,238 | 3,838 | 2,904 |
| Additional paid in capital | 31,594,700 | 30,542,596 | 30,006,511 | 29,619,178 |
| Accumulated deficit | -35,880,846 | -34,986,676 | -34,299,867 | -33,619,734 |
| Total stockholders deficit | -3,202,183 | -3,427,520 | -3,314,346 | -3,048,863 |
| Total liabilities and stockholders deficit | 205,545 | 275,740 | 271,805 | 223,639 |
SEAFARER EXPLORATION CORP (SFRX)
SEAFARER EXPLORATION CORP (SFRX)