For the year ending 2025-12-31, SFRX has $275,740 in assets. $3,703,260 in debts.
| Balance Sheets | 2025-12-31 | |||
|---|---|---|---|---|
| Cash | 50,469 | |||
| Prepaid consulting expense | 6,907 | |||
| Deposits and other prepaids | 749 | |||
| Total current assets | 58,125 | |||
| Property, plant and equipment, net | 170,743 | |||
| Office lease | 90,884 | |||
| Less accumulated amortization | 44,012 | |||
| Right of use asset, net | 46,872 | |||
| Total assets | 275,740 | |||
| Accounts payable and accrued expenses | 1,044,970 | |||
| Deferred revenue | 140,000 | |||
| Convertible notes payable, in default | 475,300 | |||
| Convertible notes payable, in default - related parties | 704,500 | |||
| Notes payable, net of discount of 4,783 and 67,708, respectively | 45,217 | |||
| Notes payable, in default | 1,112,000 | |||
| Notes payable, in default - related parties | 18,500 | |||
| Line of credit | 40,304 | |||
| Shareholder loan | 5,000 | |||
| Operating lease liability, current | 16,238 | |||
| Finance lease liability, current | 29,640 | |||
| Total current liabilities | 3,631,669 | |||
| Operating lease liability, long term | 30,968 | |||
| Finance lease liability, long-term | 40,623 | |||
| Total liabilities | 3,703,260 | |||
| Common stock, 0.0001 par value - 17,000,000,000 shares authorized 10,133,211,197 and 8,944,932,833 shares issued and outstanding at december 31, 2025 and 2024, respectively | 1,013,322 | |||
| Common stock to be issued, 0.0001 par value, 32,373,211 and 33,039,877 shares outstanding at december 31, 2025 and 2024, respectively | 3,238 | |||
| Additional paid in capital | 30,542,596 | |||
| Accumulated deficit | -34,986,676 | |||
| Total stockholders deficit | -3,427,520 | |||
| Total liabilities and stockholders deficit | 275,740 | |||
SEAFARER EXPLORATION CORP (SFRX)
SEAFARER EXPLORATION CORP (SFRX)