For the quarter ending 2025-09-30, SFRX has $271,805 in assets. $3,586,151 in debts.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash | 24,653 | 3,237 | ||
| Prepaid consulting expense | 5,040 | - | ||
| Prepaid consulting expense, deposits and other assets | - | 8,318 | ||
| Deposits and other prepaids | 749 | - | ||
| Total current assets | 30,442 | 11,555 | ||
| Property, plant and equipment, net | 190,554 | 210,365 | ||
| Right of use asset, net | 50,809 | 1,719 | ||
| Total assets | 271,805 | 223,639 | ||
| Accounts payable and accrued expenses | 953,305 | 769,023 | ||
| Deferred revenue | 140,000 | 140,000 | ||
| Convertible notes payable | 75,000 | 15,000 | ||
| Convertible notes payable, in default | 400,300 | 385,300 | ||
| Convertible notes payable, in default - related parties | 704,500 | 704,500 | ||
| Convertible notes payable - related parties | - | 0 | ||
| Notes payable, in default | 1,112,000 | 1,112,000 | ||
| Notes payable | - | 0 | ||
| Notes payable, in default - related parties | 18,500 | 18,500 | ||
| Line of credit | 49,152 | 37,000 | ||
| Shareholder loan | 5,000 | 5,000 | ||
| Operating lease liability, current | 15,643 | 1,753 | ||
| Finance lease liability, current | 28,537 | 27,921 | ||
| Total current liabilities | 3,501,937 | 3,215,997 | ||
| Operating lease liability, long term | 35,300 | - | ||
| Series b - 60 shares issued and outstanding-Series BPreferred Stock | - | 0 | ||
| Finance lease liability, long-term | 48,914 | 56,505 | ||
| Series b - 60 shares issued and outstanding-Series APreferred Stock | - | 0 | ||
| Total liabilities | 3,586,151 | 3,272,502 | ||
| Common stock, 0.0001 par value 17,000,000,000 shares authorized 9,751,711,188 and 8,944,932,833 shares issued and outstanding at september 30, 2025 and december 31, 2024, respectively | 975,172 | 948,789 | ||
| Common stock to be issued, 0.0001 par value, 38,373,211 and 33,039,877 shares outstanding at september 30, 2025 and december 31, 2024, respectively | 3,838 | 2,904 | ||
| Additional paid in capital | 30,006,511 | 29,619,178 | ||
| Accumulated deficit | -34,299,867 | -33,619,734 | ||
| Total stockholders deficit | -3,314,346 | -3,048,863 | ||
| Total liabilities and stockholders deficit | 271,805 | 223,639 | ||
SEAFARER EXPLORATION CORP (SFRX)
SEAFARER EXPLORATION CORP (SFRX)