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SEAFARER EXPLORATION CORP (SFRX)

For the quarter ending 2025-06-30.

Overview

Net Income
-$644,156
Unit: Dollar

Unit: Dollar
2025-06-30
2024-09-30
2024-06-30
Total services income- 6,614 -
Vessel maintenance and dockage- 39,903 19,269
Travel and entertainment expense13,624 40,973 35,439
Research and development134,528 110,309 157,055
Professional fees26,464 25,009 21,000
Consulting and contractor expenses296,204 404,526 453,521
Rent expense8,979 6,156 17,643
General and administrative expense94,955 100,671 106,671
Depreciation and amortization expense19,811 12,511 12,510
Vessel maintenance and dockage9,639 - -
Total operating expenses604,204 740,058 823,108
Net loss from operations-604,204 -733,444 -823,108
Gain on disposal of assets- 8,520 -
Interest expense-34,144 -36,201 -123,070
Loss on extinguishment of debt-5,808 -7,949 -34,420
Total other expenses-39,952 -35,630 -157,490
Loss before income tax-644,156 -769,074 -
Provision for income tax- - -
Net loss-644,156 -769,074 -980,598
Basic & diluted eps- - -
Unit: Dollar

Income Statement

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Net loss-$644,156 (34.31%↑ Y/Y)Loss before incometax-$644,156 Net loss fromoperations-$604,204 (26.59%↑ Y/Y)Total other expenses-$39,952 (74.63%↑ Y/Y)Total operatingexpenses$604,204 (-26.59%↓ Y/Y)Loss onextinguishment of debt-$5,808 (83.13%↑ Y/Y)Interest expense-$34,144 (72.26%↑ Y/Y)Vessel maintenance anddockage$9,639 Depreciation andamortization expense$19,811 (58.36%↑ Y/Y)General andadministrative expense$94,955 (-10.98%↓ Y/Y)Rent expense$8,979 (-49.11%↓ Y/Y)Consulting and contractorexpenses$296,204 (-34.69%↓ Y/Y)Professional fees$26,464 (26.02%↑ Y/Y)Research and development$134,528 (-14.34%↓ Y/Y)Travel andentertainment expense$13,624 (-61.56%↓ Y/Y)