For the quarter ending 2025-09-30, SFRX made $643,508 in revenue. -$680,133 in net income. Net profit margin of -105.69%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|
| Vessel maintenance and dockage | - | - | - | 39,903 |
| Consulting and contractor expenses | 270,346 | 296,204 | 447,167.5 | 404,526 |
| Vessel maintenance and dockage | 39,119 | 9,639 | 51,542.5 | - |
| Research and development | 183,698 | 134,528 | 111,399 | 110,309 |
| Professional fees | 27,354 | 26,464 | 73,221 | 25,009 |
| General and administrative expense | 75,753 | 94,955 | 126,414 | 100,671 |
| Depreciation and amortization expense | 19,811 | 19,811 | 16,160.5 | 12,511 |
| Total services income | - | 0 | 3,229.667 | 6,614 |
| Rent expense | 5,311 | 8,979 | 9,000.5 | 6,156 |
| Travel and entertainment expense | 22,116 | 13,624 | 39,831 | 40,973 |
| Total operating expenses | 643,508 | 604,204 | 896,692.5 | 740,058 |
| Net loss from operations | -643,508 | -604,204 | -891,848 | -733,444 |
| Loss on extinguishment of debt | - | -5,808 | -77,047 | -7,949 |
| Gain on disposal of assets | - | - | 0 | 8,520 |
| Interest expense | -36,625 | -34,144 | -104,628.5 | -36,201 |
| Total other expenses | -36,625 | -39,952 | -181,675.5 | -35,630 |
| Loss before income tax | - | -644,156 | - | -769,074 |
| Provision for income tax | - | 0 | - | - |
| Net loss | -680,133 | -644,156 | -1,073,523.5 | -769,074 |
SEAFARER EXPLORATION CORP (SFRX)
SEAFARER EXPLORATION CORP (SFRX)