The latest financial statement is for the quarter ending 2025-09-30.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net cash used in investing activities | 0 | - |
| Common stock issued in payment of a vessel rental | 0 | 0 |
| Common stock issued as equity kicker | 0 | 0 |
| Gain on disposal of assets | 0 | - |
| Amortization of right of use asset, finance | 7,046 | 14,090 |
| Amortization of right of use asset, facilities | 4,292 | 10,020 |
| Amortization of beneficial conversion feature and loan fees | 0 | 10,525 |
| Common stock issued for services | 12,650 | 38,625 |
| Loss on extinguishment of debt | 6,763 | -44,908 |
| Prepaid expenses and deposits | 8,152 | -5,341 |
| Accounts payable & accrued expenses | 191,043 | 162,589 |
| Operating lease liability | -4,191 | -10,223 |
| Net loss | -680,133 | -1,375,557 |
| Depreciation | 12,765 | 25,533 |
| Net cash used by operating activities | -460,761 | -1,084,831 |
| Proceeds from the issuance of notes payable | 0 | 0 |
| Payments on notes payable, in default | 0 | 0 |
| Proceeds from the issuance of common stock | 402,000 | 1,025,715 |
| Proceeds from the issuance of convertible notes payable | 75,000 | 15,000 |
| Proceeds from line of credit | 77,500 | 37,000 |
| Finance lease liability | 6,323 | 13,343 |
| Payments on line of credit | 66,000 | - |
| Net cash provided by financing activities | 482,177 | 1,064,372 |
| Net change in cash | 21,416 | -20,459 |
| Cash and cash equivalents at beginning of period | 23,696 | - |
| Cash and cash equivalents at end of period | 24,653 | - |
SEAFARER EXPLORATION CORP (SFRX)
SEAFARER EXPLORATION CORP (SFRX)