Seafarer Exploration (SFRX) 10-Q 14 May 21 2022 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2021	May 11, 2021
Document And Entity Information
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2021
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity File Number	000-29461
Entity Registrant Name	SEAFARER EXPLORATION CORP
Entity Central Index Key	0001106213
Entity Tax Identification Number	90-0473054
Entity Incorporation, State or Country Code	FL
Entity Address, Address Line One	14497 N. Dale Mabry Highway
Entity Address, Address Line Two	Suite 209-N, Tampa
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33618
Country Region	813
City Area Code	448-3577
Entity Current Reporting Status	No
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		5,507,429,459

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020
Current Assets
Cash	$ 81,207	$ 186,873	$ 188,631
Prepaid expenses	90,269	123,039
Deposits	750	750
Total Current Assets	172,226	310,662
Property, plant and equipment, net	191,871	197,336
Right to use asset	38,382	41,991
Total Assets	402,479	549,989
Current Liabilities
Accounts payable and accrued expense	342,468	350,785
Deferred revenue	140,000
Convertible notes payable, net of discounts of $0 and $13,425, respectively		31,575
Convertible notes payable, related parties, net of discounts of $0 and $24,431, respectively		86,169
Convertible notes payable, in default	353,300	308,300
Convertible notes payable, in default - related parties	638,500	527,900
Notes payable, in default	130,000	130,000
Notes payable, in default - related parties	18,500	18,500
Shareholder loan	1,500	1,500
Lease liability, current	15,185	14,680
Total Current Liabilities	1,639,453	1,469,409
Lease liability, long-term	23,621	27,594
Total Liabilities	1,663,074	1,497,003
Stockholders' Deficit
Common stock, $0.0001 par value - 9,900,000,000 shares authorized; 5,400,268,545 and 5,315,683,905 shares issued and outstanding at March 31, 2021 and December 31, 2020 , respectively	538,772	530,315
Common stock to be issued, $0.0001 par value, 1,500,000 shares outstanding	150	150
Unearned compensation	(48,257)	(67,058)
Additional paid-in capital	18,763,117	18,514,376
Accumulated deficit	(20,514,377)	(19,924,797)
Total Stockholders' Deficit	(1,260,595)	(947,014)	(947,014)
Total Liabilities and Stockholders' Deficit	402,479	$ 549,989
Series A
Stockholders' Deficit
Preferred stock, $0.0001 par values - 50,000,000 shares authorized; 67 shares issued; Series A - 7 shares issued and outstanding; Series B - 60 shares issued and outstanding
Series B
Stockholders' Deficit
Preferred stock, $0.0001 par values - 50,000,000 shares authorized; 67 shares issued; Series A - 7 shares issued and outstanding; Series B - 60 shares issued and outstanding

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Discounts on convertible notes payable	$ 0	$ 13,425
Discounts on convertible notes payable, related parties	$ 0	$ 24,431
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	67	67
Preferred Stock, shares outstanding	67	67
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	9,900,000,000	9,900,000,000
Common stock, shares issued	5,400,268,545	5,315,683,905
Common Stock, shares outstanding	5,400,268,545	5,315,683,905
Common stock to be issued, outstanding	1,500,000	1,500,000
Series A
Preferred stock, shares issued	7
Preferred Stock, shares outstanding	7
Series B
Preferred stock, shares issued	60
Preferred Stock, shares outstanding	60

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Revenue:
Service income	$ 8,703	$ 4,200
Operating Expenses
Consulting and contractor expenses	243,202	292,412
General and administrative expenses	119,933	18,222
Research and development	71,254	71,420
Vessel maintenance and dockage	26,827	155,426
Travel and entertainment expense	17,467	17,763
Professional fees	13,575	54,253
Rent expense	9,111	11,767
Depreciation expense	5,465	5,015
Total operating expenses	506,834	626,278
Net loss from operations	(498,131)	(622,078)
Other Income (Expense):
Interest expense	(54,103)	(87,691)
Loss on extinguishment of debt	(37,346)	(34,375)
Dividend income		1,500
Total other expense, net	(91,449)	(120,566)
Net loss	$ (589,580)	$ (742,644)
Basic and diluted loss per share	$ 0	$ 0
Basic and diluted weighted average number of shares outstanding	5,354,828,011	4,786,398,989

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT (Unaudited) - USD ($)	Preferred Stock A	Preferred Stock B	Common Stock	Common StockTo Be Issued	Unearned Compensation	Additional Paid-In Capital	Accumulated Deficit	Total
Beginning Balance at Dec. 31, 2019			$ 474,863	$ 1,162		$ 16,581,432	$ (17,263,984)	$ (206,527)
Beginning Balance (in shares) at Dec. 31, 2019	7	60	4,761,162,383	11,620,000
Common stock issued for cash			$ 890			51,610		52,500
Common stock issued for cash (in shares)			8,900,000
Stock issued to convert accrued interest on convertible notes payable			$ 3,978			80,108		84,086
Stock issued to convert accrued interest on convertible notes payable (in shares)			39,781,082
Beneficial conversion feature						51,000		51,000
Stock issued for services			$ 535			84,895		85,430
Stock issued for services (in shares)			5,348,366
Reclass from common stock to be issued			$ 1,012	$ (1,012)
Reclass from common stock to be issued (in shares)			10,120,000	(10,120,000)
Net Loss							(742,644)	(742,644)
Ending Balance at Mar. 31, 2020			$ 481,278	$ 150		16,849,045	(18,006,628)	(947,014)
Ending Balance (in shares) at Mar. 31, 2020	7	60	4,825,311,831	1,500,000
Beginning Balance at Dec. 31, 2020			$ 481,278	$ 150	(67,058)	16,849,045	(18,006,628)	(947,014)
Beginning Balance (in shares) at Dec. 31, 2020	7	60	4,825,311,831	1,500,000
Common stock issued for cash			$ 7,585			191,965		199,550
Common stock issued for cash (in shares)			75,850,000
Stock issued to convert accrued interest on convertible notes payable			$ 872			56,776		57,648
Stock issued to convert accrued interest on convertible notes payable (in shares)			8,734,640
Stock issued for services
Amortization of unearned compensation					18,801			18,801
Net Loss							(589,580)	(589,580)
Ending Balance at Mar. 31, 2021			$ 538,772	$ 150	$ (48,257)	$ 18,763,117	$ (20,514,377)	$ (1,260,595)
Ending Balance (in shares) at Mar. 31, 2021	7	60	5,400,268,545	1,500,000

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (589,580)	$ (742,644)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation expense	5,465	5,015
Amortization right of use asset	3,609	3,817
Amortization of beneficial conversion feature and loan fees	37,856	81,436
Common stock issued for services		85,430
Loss on extinguishment of debt	37,346	34,375
Reduction of contra-equity due to amortization	18,801
Decrease (increase) in:
Prepaid expenses	32,770	26,302
Increase (decrease) in:
Accounts payable and accrued expenses	11,985	13,009
Deferred revenue	140,000
Operating lease liabilities	(3,468)	(3,856)
Net Cash Used by Operating Activities	(305,216)	(518,406)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from the sale of common stock	199,550	52,500
Proceeds from the issuance convertible notes payable, related party		51,000
Payments on notes payable		(15,000)
Net Cash Provided By Financing Activities	199,550	88,500
NET INCREASE IN CASH	(105,666)	(429,906)
CASH, BEGINNING OF PERIOD	186,873	618,537
CASH, END OF PERIOD	81,207	188,631
Supplemental disclosure of cash flow information:
Cash paid for interest expense
Cash paid for income taxes
Noncash operating and financing activities:
Convertible debt and accrued interest converted to common stock	20,302	84,086
Beneficial conversion feature on convertible notes payable		51,000
Stock issued for prepaid services		$ 24,000

DESCRIPTION OF BUSINESS

DESCRIPTION OF BUSINESS	3 Months Ended
	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS	NOTE 1 – DESCRIPTION OF BUSINESS Seafarer Exploration Corp. (“Seafarer” or the “Company”), was incorporated on May 28, 2003 in the State of Delaware. The principal business of the Company is to engage in the archaeologically-sensitive exploration, documentation, recovery, and conservation of historic shipwrecks with the objective of exploring and discovering Colonial-era shipwrecks for future generations to be able to appreciate and understand. In March of 2014, Seafarer entered into a partnership with Marine Archaeology Partners, LLC (“MAP”), with the formation of Seafarer’s Quest, LLC (“SQ”) for the purpose of exploring a shipwreck site off of Melbourne Beach, Florida. Under the partnership with MAP, Seafarer is the designated manager of SQ. The Company’s wholly owned subsidiary Blockchain LogisTech, LLC (“Blockchain”), was formed on April 4, 2018 and began operations in 2019. Blockchain provides customer referrals to a blockchain related software services company. Florida Division of Historical Resources Agreements/Permits The Company successfully renewed its permits for both Areas 1 and 2 for the Melbourne Beach site. The Area 1 permit was renewed on March 1, 2019 for a period of three years. The Area 2 permit was renewed on January 14, 2019 for a period of three years. Federal Admiralty Judgement As previously noted on its form 8-K filed on November 22, 2017, Seafarer was granted, through the United States District Court for the Southern District of Florida, a final judgment for its federal admiralty claim on the Juno Beach shipwreck site. The Company is not currently conducting operations at the Juno Beach shipwreck site. Blockchain Software Services Referral Agreements Blockchain has a strategic partnership to provide referrals to a blockchain software services provider and receive referral fees when the referrals lead to closed business for the blockchain software services company. Blockchain also has a reseller agreement with a separate company that sells a blockchain related security product.

GOING CONCERN

GOING CONCERN	3 Months Ended
	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN	NOTE 2 – GOING CONCERN These unaudited condensed consolidated financial statements have been prepared on a going concern basis, which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred net losses since inception and has an accumulated deficit of $20,514,377 as of March 31, 2021. During the three month period ended March 31, 2021, the Company’s net loss was $589,580 and at March 31, 2021, the Company had a working capital deficit of $1,467,227. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Based on its historical rate of expenditures, the Company expects to expend its available cash in less than one month from May 14, 2021. Management’s plans include raising capital through the issuance of common stock and debt to fund operations and, eventually, the generation of revenue through its business. The Company does not expect to generate any significant revenues for the foreseeable future. The Company is in immediate need of further working capital and is seeking options, with respect to financing, in the form of debt, equity or a combination thereof. Failure to raise adequate capital and generate adequate revenues could result in the Company having to curtail or cease operations. The Company’s ability to raise additional capital through the future issuances of the common stock is unknown. Additionally, even if the Company does raise sufficient capital to support its operating expenses and generate adequate revenues, there can be no assurances that the revenue will be sufficient to enable it to develop to a level where it will generate profits and cash flows from operations. These matters raise substantial doubt about the Company’s ability to continue as a going concern; however, the accompanying unaudited condensed consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. These unaudited condensed consolidated financial statements do not include any adjustments relating to the recovery of the recorded assets or the classifications of the liabilities that might be necessary should the Company be unable to continue as a going concern. Covid-19 Disclosure The COVID-19 global pandemic may have a serious negative affect on the Company’s operations and business. It is possible that this ongoing global pandemic may cause the Company to have to significantly delay or suspend its operations, which would likely result in a material adverse impact on its business and financial positions. Furthermore, the Company may be unable to raise sufficient capital due to COVID-19’s effects on the general economy and the capital markets. If the Company is not able to obtain financing due to COVID-19, then it is highly likely that it will be forced to cease operations. Smaller companies such as Seafarer, who lack significant revenues, earnings and cash flows as well as who lack diversified business operations are particularly vulnerable to having to potentially cease operations due to the effects of COVID-19. If the Company were to be unable to raise capital and cease its operations then it would be highly likely that the Company would not survive and lenders and investors would suffer a complete loss of all capital loaned to or invested in the Company.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES This summary of significant accounting policies of Seafarer Exploration Corp. is presented to assist in understanding the Company’s condensed consolidated financial statements. The condensed consolidated financial statements and notes are representations of the Company’s management, who are responsible for their integrity and objectivity. These accounting policies conform to GAAP and have been consistently applied in the preparation of the condensed consolidated financial statements. Principles of Consolidation The condensed consolidated financial statements of the Company include the accounts of the Company and Blockchain which is a wholly owned subsidiary. Intercompany accounts and transactions have been eliminated in consolidation. Cash and Cash Equivalents For purposes of the condensed consolidated statements of cash flows, the Company considers all highly liquid investments and short-term debt instruments with original maturities of three months or less to be cash equivalents. There were no cash equivalents at March 31, 2021 and December 31, 2020. Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash deposits. Accounts at each institution are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. At March 31, 2021, the Company did not have deposits in excess of the FDIC insured limit. Research and Development Expenses Expenditures for research and development are expensed as incurred. The Company incurred research and development expenses of $71,254 and $71,420 for the three month periods ended March 31, 2021 and 2020, respectively. Revenue Recognition The Company recognizes revenue in accordance with the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) Topic 606, “ Revenue from Contracts with Customers The core principle of ASC 606 requires that an entity recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services. ASC 606 defines a five-step process to achieve this core principle and, in doing so, it is possible more judgment and estimates may be required within the revenue recognition process than required under GAAP, including identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation. The Company recognizes revenue from the referrals that Blockchain has made to providers of software services when payment for a referral is received from the provider of software services. Blockchain, at its sole discretion and with no specific sales quotas or targets, provides referrals of potential end users to the software service providers and is paid a referral fee only after the software services providers receive payment from the end user. The Company also has a separate sales referral agreement, with no sales quotas or specific goals or targets, with a limited liability company that provides product/system engineering and development services. The Company’s performance obligation is met when the payment from the customer is received by the provider of the development services, which is at a point in time. The Company receives referral fees when payment is received from the provider of the product/system development services which is when the Company recognizes revenue under the agreement. The Company recognizes revenue when cash is received or when it has met its obligations per the terms of a contract or agreement for services. Payments received for services are recorded as deferred revenue and are recognized as revenue when the services have been provided. During the three month period ended March 31, 2021 the Company entered into an agreement to provide scanning services using its SeaSearcher technology to a corporation involved in searching for historic shipwreck material. Under the terms of the agreement the Company received an upfront payment of $140,000 which has been included in the accompanying condensed consolidated balance sheet at March 31, 2021 as deferred revenue. Earnings Per Share The Company has adopted the FASB ASC 260-10, which provides for the calculation of “basic” and “diluted” earnings per share. Basic earnings per share includes no dilution and is computed by dividing net income or loss available to common stockholders by the weighted average common shares outstanding for the period. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of an entity. The potentially dilutive common stock equivalents for the three month periods ended March 31, 2021 and 2020 were excluded from the dilutive loss per share calculation as they would be antidilutive due to the net loss. As of March 31, 2021 and 2020, there were approximately 662,700,583 and 595,913,777 shares of common stock underlying our outstanding convertible notes payable and warrants, respectively. Fair Value of Financial Instruments The carrying amounts of financial assets and liabilities, such as cash, accounts payable, accrued expenses, convertible notes payable and payables, approximate their fair values because of the short maturity of these instruments. Property, Plant and Equipment Property, plant and equipment are recorded at historical cost. Depreciation is computed on the straight-line method over the estimated useful lives of the respective assets. During the year ended December 31, 2019, the Company purchased a vessel with an estimated useful life of ten years. During the year ended December 31, 2020, the Company purchased a vehicle with an estimated useful life of ten years. As of March 31, 2021, these are the only capital assets owned by the Company. Depreciation expense was $5,465 and $5,015 for the three month periods ended March 31, 2021 and 2020, respectively, which is included in operating expenses in the accompanying condensed consolidated statements of operations. Impairment of Long-Lived Assets In accordance with ASC 360-10, the Company, on a regular basis, reviews the carrying amount of long-lived assets for the existence of facts or circumstances, both internally and externally, that suggest impairment. The Company determines if the carrying amount of a long-lived asset is impaired based on anticipated undiscounted cash flows, before interest, from the use of the asset. In the event of impairment, a loss is recognized based on the amount by which the carrying amount exceeds the fair value of the asset. Fair value is determined based on appraised value of the assets or the anticipated cash flows from the use of the asset, discounted at a rate commensurate with the risk involved. There were no impairment charges recorded during the three month periods ended March 31, 2021 and 2020. Use of Estimates The process of preparing consolidated financial statements in conformity with GAAP requires the use of estimates and assumptions regarding certain types of assets, liabilities, revenues, and expenses. Significant estimates for the three month periods ended March 31, 2021 and 2020 include useful life of property, plant and equipment, valuation allowances against deferred tax assets and the fair value of non cash equity transactions. Segment Information During 2019, Seafarer’s wholly owned subsidiary, Blockchain began operations, generated revenue and incurred expenses. The business of Blockchain has no relation to the Company’s shipwreck exploration and recovery operations other than common ownership. As such, the Company concluded that the operations of Blockchain and Seafarer Exploration were separate reportable segments as of the three month periods ended March 31, 2021 and 2020 (see Note 10 – Segment Information). Convertible Notes Payable The Company accounts for convertible notes deemed conventional and conversion options embedded in non-conventional convertible notes which qualify as equity under ASC 815, in accordance with the provisions of ASC 470-20, which provides guidance on accounting for convertible securities with beneficial conversion features. ASC 470-10 addresses classification determination for specific obligations, such as short-term obligations expected to be refinanced on a long-term basis, due-on-demand loan arrangements, callable debt, sales of future revenue, increasing rate debt, debt that includes covenants, revolving credit agreements subject to lock-box arrangements and subjective acceleration clauses. Accordingly, the Company records, as a discount to convertible notes, the intrinsic value of such conversion options based upon the differences between the fair value of the underlying common stock at the commitment date of the note transaction and the effective conversion price embedded in the note. Debt discounts under these arrangements are amortized over the term of the related debt. Stock Based Compensation The Company applies the fair value method of FASB ASC 718, “ Share Based Payment Fully vested and non-forfeitable shares issued prior to the services being performed are classified as prepaid expenses. Leases The Company accounts for leases under Accounting Standards Update (“ASU”) 2016-02. At the inception of a contract the Company assessed whether the contract is, or contains, a lease. The Company’s assessment is based on: (1) whether the contract involves the use of a distinct identified asset, (2) whether the Company obtains the right to substantially all the economic benefit from the use of the asset throughout the period, and (3) whether it has the right to direct the use of the asset. The Company will allocate the consideration in the contract to each lease component based on its relative stand-alone price to determine the lease payments. Operating lease right of use (“ROU”) assets represents the right to use the leased asset for the lease term and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. As most leases do not provide an implicit rate, the Company uses an incremental borrowing rate based on the information available at the adoption date in determining the present value of future payments. Lease expense for minimum lease payments is amortized on a straight-line basis over the lease term and is presented in operating expenses on the condensed consolidated statements of operations. As permitted under the new guidance, the Company has made an accounting policy election not to apply the recognition provisions of the guidance to short term leases (leases with a lease term of twelve months or less that do not include an option to purchase the underlying asset that the lessee is reasonably certain to exercise); instead, the Company will recognize the lease payments for short term leases on a straight-line basis over the lease term. Investments The Company follows ASC 325-20, Cost Method Investments Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. Recent Accounting Pronouncements All other recent accounting pronouncements issued by the FASB, did not or are not believed by management to have a material impact on the Company’s present or future consolidated financial statements.

OPERATING LEASE AND RIGHT-OF-US

OPERATING LEASE AND RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES	3 Months Ended
	Mar. 31, 2021
Operating Lease And Right-of-use Assets And Operating Lease Liabilities
OPERATING LEASE AND RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES	NOTE 4 – OPERATING LEASE AND RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES Operating lease right-of-use assets and liabilities are recognized at the present value of the future lease payments at the lease commencement date. The interest rate used to determine the present value is the incremental borrowing rate, estimated to be 10%, as the interest rate implicit in most of the Company’s leases are not readily determinable. Operating lease expense is recognized on a straight-line basis over the lease term. During the three month periods ended March 31, 2021 and 2020, the Company recorded $4,601 and $3,945, respectively, as operating lease expense, which is included in rent expense on the condensed consolidated statements of operations. The Company leases 823 square feet of office space located at 14497 North Dale Mabry Highway, Suite 209-N, Tampa, Florida 33618. Through June 30, 2020 the Company paid $1,252 per month to lease the office space. The Company entered into an amended lease agreement commencing on July 1, 2020 through July 31, 2023 with base month rents of $1,475 from July 1, 2020 to June 30, 2021, $1,519 from July 1, 2021 to June 30, 2022, $1,564 from July 1, 2022 to June 30, 2023 and $1,611 from July 1, 2023 to July 31, 2023. Under the terms of the lease there may be additional fees charged above the base monthly rental fee. On July 1, 2020, upon renewal of the lease, the Company recorded a right-of-use asset and lease liability of $48,957. Right-of-use assets at March 31, 2021 and December 31, 2020 are summarized below: March 31, 2020 December 31, 2020 Office lease $ 48,957 $ 48,957 Less accumulated amortization (10,575 ) (6,966 ) Right of use assets, net $ 38,382 $ 41,991 Amortization on the right -of -use asset is included in rent expense on the condensed consolidated statements of operations. Operating Lease liabilities are summarized below: March 31, 2020 December 31, 2020 Office lease $ 38,806 $ 42,274 Less: current portion (15,185 ) (14,680 ) Long term portion $ 23,621 $ 27,594 Maturity of lease liabilities are as follows: Year ended December 31, 2021 $ 13,643 Year ended December 31, 2022 18,641 Year ended December 31, 2023 11,081 Total future minimum lease payments 43,365 Less: Present value discount (4,559 ) Lease liability $ 38,806 The Company also has an operating lease for a house located in Palm Bay, Florida that it leases on a month-to-month basis for $1,300 per month. The Company uses the house to store equipment and gear and to provide temporary work-related living quarters for its divers, personnel, consultants and independent contractors involved in its exploration and recovery operations. The Company also pays a rental fee for a space in a park on an as needed basis.

INVESTMENT IN PROBABILITY AND S

INVESTMENT IN PROBABILITY AND STATISTICS, INC.	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
INVESTMENT IN PROBABILITY AND STATISTICS, INC.	NOTE 5 – INVESTMENT IN PROBABILITY AND STATISTICS, INC. The Company entered into a share exchange agreement with Probability and Statistics, Inc. (“P&S”), a privately held corporation, in August of 2018. Under the terms of the share exchange agreement, the Company agreed to issue 60,000,000 shares of its restricted common stock to P&S in exchange for 10,000 common shares of P&S, or a 1% interest. All shares issued by both parties under the agreement have all rights and entitlements as the common stock of every other shareholder of such share class. The investment in P&S was valued at $78,000 based on the fair value of the Company’s shares issued to P&S on the date of the share exchange agreement and was accounted for as a cost method investment. The Company received dividends from P&S during the three month periods ended March 31, 2021 and 2020 of $0 and $1,500 respectively, which have been presented as dividend income on the condensed consolidated statements of operations. In August of 2020, the Company and P&S entered into a new agreement to effectively unwind the previous share exchange agreement. Under the terms of the new agreement, Seafarer agreed to exchange 10,000 shares of P&S for 60,000,000 shares of its common stock. As a result of the transaction in August of 2020, the Company realized a gain on investment of $354,000. The investment in P&S was $0 and $0 on the accompanying condensed consolidated balance sheets at March 31, 2021 and December 31, 2020. Seafarer also has an agreement with P&S to receive referral fees. Under the terms of the agreement, P&S has agreed to pay a 7% referral fee to the Company when P&S receives cash flows from providing blockchain software services to entities that were referred by the Company. The agreement is ongoing and has no expiration date. During the three month periods ended March 31, 2021 and 2020, P&S paid a total of $0 and $4,200, respectively, of referral fees to the Company. These amounts are included in service income in the condensed consolidated statements of operations.

CONVERTIBLE NOTES PAYABLE AND N

CONVERTIBLE NOTES PAYABLE AND NOTES PAYABLE	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
CONVERTIBLE NOTES PAYABLE AND NOTES PAYABLE	NOTE 6 – CONVERTIBLE NOTES PAYABLE AND NOTES PAYABLE Upon inception, the Company evaluates each financial instrument to determine whether it meets the definition of “conventional convertible” debt under ASC 470. Convertible Notes Payable The following tables reflect the convertible notes payable at March 31, 2021 and December 31, 2020: Issue Date Maturity March 31, December 31, Rate Conversion Principal Principal Convertible notes payable 09/01/20 03/01/21 $ - $ 45,000 6.00% 0.0030 Face value - 45,000 Less unamortized discounts - (13,425 ) Balance convertible notes payable $ - $ 31,575 Issue Date Maturity March 31, December 31, Rate Conversion Principal Principal Convertible notes payable - related parties 08/06/20 02/06/21 $ - $ 25,200 6.00% 0.0035 08/06/20 02/06/21 - 35,000 6.00% 0.0035 08/14/20 02/14/21 - 50,400 6.00% 0.0035 Face value - 110,600 Less unamortized discounts - (24,431 ) Balance convertible notes payable - related parties $ - $ 86,169 Issue Date Maturity March 31, December 31, Rate Conversion Principal Principal Convertible notes payable - in default 08/28/09 11/01/09 $ 4,300 $ 4,300 10.00% 0.0150 11/20/12 05/20/13 50,000 50,000 6.00% 0.0050 01/19/13 07/30/13 5,000 5,000 6.00% 0.0040 02/11/13 08/11/13 9,000 9,000 6.00% 0.0060 09/25/13 03/25/14 10,000 10,000 6.00% 0.0125 10/04/13 04/04/14 50,000 50,000 6.00% 0.0125 10/30/13 10/30/14 50,000 50,000 6.00% 0.0125 05/15/14 11/15/14 40,000 40,000 6.00% 0.0070 10/13/14 04/13/15 - - 6.00% 0.0050 09/18/15 03/18/16 25,000 25,000 6.00% 0.0020 04/04/16 10/04/16 10,000 10,000 6.00% 0.0010 07/19/16 07/19/17 4,000 4,000 6.00% 0.0015 08/24/16 02/24/17 - - 6.00% 0.0010 03/06/18 09/06/18 6,000 6,000 6.00% 0.0006 02/06/18 11/07/18 6,000 6,000 6.00% 0.0006 10/29/18 04/29/19 3,000 3,000 6.00% 0.0007 01/03/19 07/03/19 1,000 1,000 6.00% 0.0010 03/16/19 09/16/19 10,000 10,000 6.00% 0.0010 09/04/19 03/04/20 25,000 25,000 6.00% 0.0030 09/01/20 03/01/21 45,000 - 6.00% 0.0030 Balance convertible notes payable - in default $ 353,300 $ 308,300 Issue Date Maturity March 31, December 31, Rate Conversion Principal Principal Convertible notes payable - related parties, in default 01/09/09 01/09/10 $ 10,000 $ 10,000 10.00% 0.0150 01/25/10 01/25/11 6,000 6,000 6.00% 0.0050 01/18/12 07/18/12 50,000 50,000 8.00% 0.0040 01/19/13 07/30/13 15,000 15,000 6.00% 0.0040 07/26/13 01/26/14 10,000 10,000 6.00% 0.0100 01/17/14 07/17/14 31,500 31,500 6.00% 0.0060 05/27/14 11/27/14 7,000 7,000 6.00% 0.0070 07/21/14 01/25/15 17,000 17,000 6.00% 0.0080 10/16/14 04/16/15 21,000 21,000 6.00% 0.0045 07/14/15 01/14/16 9,000 9,000 6.00% 0.0030 01/12/16 07/12/16 5,000 5,000 6.00% 0.0020 05/10/16 11/10/16 5,000 5,000 6.00% 0.0005 05/10/16 11/10/16 5,000 5,000 6.00% 0.0005 05/20/16 11/20/16 5,000 5,000 6.00% 0.0005 07/12/16 01/12/17 2,400 2,400 6.00% 0.0006 01/26/17 03/12/17 5,000 5,000 6.00% 0.0005 02/14/17 08/14/17 25,000 25,000 6.00% 0.0008 08/16/17 09/16/17 3,000 3,000 6.00% 0.0008 03/14/18 05/14/18 25,000 25,000 6.00% 0.0007 04/04/18 06/04/18 3,000 3,000 6.00% 0.0007 04/11/18 06/11/18 25,000 25,000 6.00% 0.0007 05/08/18 07/08/18 25,000 25,000 6.00% 0.0007 05/30/18 08/30/18 25,000 25,000 6.00% 0.0007 06/12/18 09/12/18 3,000 3,000 6.00% 0.0007 06/20/18 09/12/18 500 500 6.00% 0.0007 01/09/18 01/09/19 12,000 12,000 6.00% 0.0006 08/27/18 02/27/19 2,000 2,000 6.00% 0.0007 10/02/18 04/02/19 1,000 1,000 6.00% 0.0008 10/23/18 04/23/19 4,200 4,200 6.00% 0.0007 11/07/18 05/07/19 2,000 2,000 6.00% 0.0008 11/14/18 05/14/19 8,000 8,000 6.00% 0.0008 01/08/19 07/08/19 7,000 7,000 6.00% 0.0008 04/25/19 12/23/19 20,000 20,000 6.00% 0.0040 06/07/19 12/07/19 5,100 5,100 6.00% 0.0030 09/17/19 04/17/20 12,000 12,000 6.00% 0.0030 11/12/19 05/12/20 25,000 25,000 6.00% 0.0025 11/26/19 05/26/20 25,200 25,200 6.00% 0.0030 12/03/19 06/03/20 15,000 15,000 6.00% 0.0030 01/07/20 06/20/20 51,000 51,000 6.00% 0.0030 08/06/20 02/06/21 25,200 - 6.00% 0.0035 08/06/20 02/06/21 35,000 - 6.00% 0.0035 08/14/20 02/14/21 50,400 - 6.00% 0.0035 Balance convertible notes payable - related parties, in default $ 638,500 $ 527,900 Balance all convertible notes payable $ 991,800 $ 953,944 Notes Payable The following tables reflect the notes payable at March 31, 2021 and December 31, 2020: Issue Date Maturity March 31, December 31, Rate Principal Principal Notes payable - in default 04/27/11 04/27/12 $ 5,000 $ 5,000 6.00% 12/14/17 12/14/18 20,000 20,000 6.00% 11/29/17 11/29/19 105,000 105,000 2.06% Balance notes payable - default $ 130,000 $ 130,000 Issue Date Maturity March 31, December 31, Rate Principal Principal Notes payable - related parties, in default 02/24/10 02/24/11 $ 7,500 $ 7,500 6.00% 10/06/15 11/15/15 10,000 10,000 6.00% 02/08/18 04/09/18 1,000 1,000 6.00% Balance notes payable - related parties, in default $ 18,500 $ 18,500 Balance all notes payable $ 148,500 $ 148,500 New Convertible Notes Payable Issued During the three Month Period Ended March 31, 2021 and 2020 During the three month period ended March 31, 2021, the Company did not enter into any Convertible Notes Payable or Notes Payable Agreements: During the three month period ended March 31, 2020, the Company entered into the following Convertible Notes Payable and Notes Payable Agreements: In January of 2020, the Company entered into a convertible promissory note agreement in the amount of $51,000 with a related party who is a member of the Board of Directors. This note pays interest at a rate of 6% per annum and the principal and accrued interest was due on or before June 30, 2020. The note is unsecured and is convertible at the lender’s option into shares of the Company’s common stock at a rate of $0.003 per share. Note Conversions During the three month period ended March 31, 2021: The Company issued 8,734,640 shares of restricted common stock to a related party to settle $20,302 of accrued interest owed on sixteen convertible notes payable. During the three month period ended March 31, 2020: The Company issued 39,781,082 shares of restricted common stock to settle $84,086 of principal and accrued interest owed on three convertible notes payable. Shareholder Loan At March 31, 2021 and December 31, 2020, the Company had a loan outstanding to its CEO in the amount of $1,500. The loan has a 2% annual rate of interest and an option to convert the loan into restricted shares of the Company’s common stock at $0.0005. Collateralized Promissory Notes Two convertible notes outstanding with related parties, dated January 9, 2009 and January 18, 2012 are collateralized by Company assets. Convertible Notes Payable and Notes Payable, in Default The Company does not have additional sources of debt financing to refinance its convertible notes payable and notes payable that are currently in default. If the Company is unable to obtain additional capital, such lenders may file suit, including suit to foreclose on the assets held as collateral for the obligations arising under the secured notes. If any of the lenders file suit to foreclose on the assets held as collateral, then the Company may be forced to significantly scale back or cease its operations, which would more than likely result in a complete loss of all capital that has been invested in or borrowed by the Company. The fact that the Company is in default of several promissory notes held by various lenders makes investing in the Company or providing any loans to the Company extremely risky with a very high potential for a complete loss of capital.

STOCKHOLDERS' DEFICIT

STOCKHOLDERS' DEFICIT	3 Months Ended
	Mar. 31, 2021
Capital Stock
STOCKHOLDERS' DEFICIT	NOTE 7 – STOCKHOLDERS’ DEFICIT Common Stock Issuances During the three month periods ended March 31, 2021 and 2020, the Company issued or is to issue the following shares of common stock: 2021 2020 Common stock issued for cash 75,850,000 8,900,000 Common stock issued for services - 5,348,366 Common stock issued to convert notes payable and accrued interest 8,734,640 39,781,082 Shares reclassed from common stock to be issued - 10,120,000 Total 84,584,640 64,149,448 During the three month period ended March 31, 2020, the Company issued or is to issue the following shares of common stock: - 75,850,000 restricted shares for total proceeds of $199,550. - 8,734,640 restricted shares to settle $20,302 of principal and accrued interest owed on various convertible notes payable and one note payable. The Company had a loss on extinguishment of debt totaling $37,346. During the three month period ended March 31, 2020, the Company issued or is to issue the following shares of common stock: - 8,900,000 restricted shares for total proceeds of $52,500. - 5,348,366 fully vested and non-forfeitable restricted shares for services provided by consultants, contractors, and other service providers. The Company determined the fair value of the shares issued using the stock price on date of issuance. Compensation expense is recognized as the services are provided to the Company. For the three month period ended March 31, 2020, the Company incurred $16,055 of compensation expense for stock issued for services and have prepaid expenses of $133,208 at March 31, 2020 for stock issued prior to services being performed. - 39,781,082 restricted shares to settle $84,086 of principal and accrued interest owed on various convertible notes payable and one note payable. - 10,120,000 restricted shares reclassed from common stock to be issued. Series A Preferred Stock At March 31, 2021 and December 31, 2020, the Company had seven shares of Series A preferred stock issued and outstanding. Each share of Series A preferred stock has the right to convert into 214,289 shares of the Company’s common stock. Series B Preferred Stock On February 10, 2014, the Board of Directors of the Company under the authority granted under Article V of the Articles of Incorporation, defined and created a new preferred series of shares from the 50,000,000 authorized preferred shares. Pursuant to Article V, the Board of Directors has the power to designate such shares and all powers and matters concerning such shares. Such share class shall be designated Preferred Class B. The preferred class was created for 60 Preferred Class B shares. Such shares each have a voting power equal to one percent of the outstanding shares issued (totaling 60%) at the time of any vote action as necessary for share votes under Florida law, with or without a shareholder meeting. Such shares are non-convertible to common stock of the Company and are not considered as convertible under any accounting measure. Such shares shall only be held by the Board of Directors as a Corporate body, and shall not be placed into any individual name. Such shares were considered issued at the time of this resolution’s adoption, and do not require a stock certificate to exist, unless selected to do so by the Board for representational purposes only. Such shares are considered for voting as a whole amount, and shall be voted for any matter by a majority vote of the Board of Directors. Such shares shall not be divisible among the Board members, and shall be voted as a whole either for or against such a vote upon the vote of the majority of the Board of Directors. In the event that there is any vote taken which results in a tie of a vote of the Board of Directors, the vote of the Chairman of the Board shall control the voting of such shares. Such shares are not transferable except in the case of a change of control of the Corporation when such shares shall continue to be held by the Board of Directors. Such shares have the authority to vote for all matters that require a share vote under Florida law and the Articles of Incorporation. Warrants and Options The Company did not issue any warrants or options during the three month periods ended March 31, 2021 and 2020. The following table shows the warrants outstanding at March 31, 2021: Weighted Average Number of Weighted Average Remaining Life Average Warrants Exercise Price (Years) Intrinsic Value Outstanding, March 31, 2021 4,000,000 $ 0.0050 1.58 $ 0.0010 Exercisable, March 31, 2021 4,000,000 $ 0.0050 1.58 $ 0.0010

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2021
Disclosure Commitments And Contingencies Abstract
COMMITMENTS AND CONTINGENCIES	NOTE 8 – COMMITMENTS AND CONTINGENCIES Agreement to Explore a Shipwreck Site Located off of Melbourne Beach, Florida In March of 2014, Seafarer entered into a partnership and with Marine Archeology Partners, LLC (“MAP”), with the formation of Seafarer’s Quest, LLC for the purpose of exploring a shipwreck site off of Melbourne Beach, Florida. Seafarer owns 50% of Seafarer’s Quest, LLC and is handling the operations on behalf of Seafarer’s Quest. To date there has been no significant financial activity in Seafarer’s Quest. Under the partnership with MAP, Seafarer is the designated manager of Seafarer’s Quest, LLC and is responsible for the costs of permitting, exploration and recovery. Seafarer is entitled to receive 80% and MAP is entitled to receive 20% of artifacts and treasure recovered from the site after the State of Florida receives its share, which is anticipated to be 20% under any future recovery permits. The permits with the State of Florida for two areas on the site, designated as Areas 1 and 2, were renewed in 2019 for an additional 3 years. There are currently no recovery permits for the site that have been applied for or issued as of the date of this filing. It will be necessary to be granted a recovery permit in order to recover any artifacts and treasure that may potentially be located on the site. The required, affiliated environmental permits from the U.S. Army Corps of Engineers (“USACE”) and Florida Department of Environmental Protection (“FLDEP’) were previously issued in the name of a partner that is no longer active. In 2020 Seafarer worked with the various State of Florida governmental agencies involved to update and consolidate all of these environmental permits solely under the Company’s name. The State of Florida Bureau of Archeological Research (“FBAR”) had ordered the Company not to disturb the ocean’s bottom while the changes and updates to the Company’s permits were in process. Some requests of change are questionable to the Company. Since the issuance of the USACE and FLDEP environmental permits, FBAR has continued to stop or delay ground disturbance in Seafarer’s legally permitted area with ongoing questions and requests. Certain Other Agreements See Note 4 Operating Lease Right-of-Use Assets and Operating Lease Liabilities.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
RELATED PARTY TRANSACTIONS	NOTE 9 – RELATED PARTY TRANSACTIONS During the three month period ended March 31, 2021, the Company has had extensive dealings with related parties including the following: The Company issued 8,734,640 shares of restricted common stock to a related party to settle $20,302 of accrued interest owed on sixteen convertible notes payable. During the three month period ended March 31, 2020, the Company has had extensive dealings with related parties including the following: In January of 2020, the Company entered into a convertible promissory note agreement in the amount of $51,000 with a related party who is a member of the Board of Directors. This note pays interest at a rate of 6% per annum and the principal and accrued interest was due on or before June 30, 2020. The note is unsecured and is convertible at the lender’s option into shares of the Company’s common stock at a rate of $0.003 per share. This note is currently in default due to non payment of principal and interest upon maturity. Additional related party transactions: The Company has an informal consulting agreement with a limited liability company that is owned and controlled by a person who is related to its CEO to provide general business consulting services including periodically assessing the Company’s business and advising management with respect to an appropriate business strategy on an ongoing basis, commenting on proposed corporate decisions, perform period background research including background checks and provide investigative information on individuals and companies and to assist, when needed, as an administrative specialist to perform various administrative duties and clerical services including reviewing the Company’s agreements and books and records. The consultant provides the services under the direction and supervision of the Company’s CEO. During the three month periods ended March 31, 2021 and 2020, the Company paid the related party limited liability company consulting fees of $3,000 and $19,000, respectively, for services rendered. These fees are recorded as an expense in consulting and contractor expenses in the accompanying consolidated statements of operations. At March 31, 2021 and December 31, 2020, the Company owed the related party limited liability company $1,425 and $0, respectively, which is included in accounts payable and accrued expenses on the consolidated balance sheets The Company has an ongoing agreement with a limited liability company that is owned and controlled by a person who is related to the Company’s CEO to provide stock transfer agency services. During the three month periods ended March 31, 2021 and 2020 the Company paid the related party limited liability company fees of $5,375 and $3,270, respectively, for services rendered. These fees are recorded as an expense in consulting and contractor expenses in the accompanying consolidated statements of operations. All of the fees paid to the related party limited liability company are recorded as an expense in consulting and contractor expenses in the accompanying consolidated statements of operations. At March 31, 2021 and December 31, 2020, the Company owed the related party limited liability company $0 and $2,978, respectively, which is included in accounts payable and accrued expenses on the consolidated balance sheets. During the three month periods ended March 31, 2021 and 2020, the Company paid a related party consultant fees of $10,000 and $3,750, respectively for marketing and administrative services rendered to the Company’s Blockchain subsidiary. All of the fees paid to the related party consultant are recorded as an expense in consulting and contractor expenses in the accompanying consolidated statements of operations. At March 31, 2021 and December 31, 2020, the Company owed the related party consultant $0 and $2,500, respectively, which is included in accounts payable and accrued expenses on the consolidated balance sheets. Shareholder Loan At March 31, 2021 and December 31, 2020, the Company had a loan outstanding to its CEO in the amount of $1,500. The loan has a 2% annual rate of interest and an option to convert the loan into restricted shares of the Company’s common stock at $0.0005. At March 31, 2020, the following promissory notes and shareholder loans were outstanding to related parties: See Note 6 convertible notes payable – related parties, convertible notes payable – related parties, in default, and notes payable - related parties, in default.

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Mar. 31, 2021
Segment Reporting [Abstract]
SEGMENT INFORMATION	NOTE 10 – SEGMENT INFORMATION Seafarer’s wholly owned subsidiary Blockchain began operations in 2019 by providing referrals to P&S (See Note 5 - Investment in Probability and Statistics, Inc.) in exchange for referral fees for closed business. Due to Blockchain starting operations which have no relation to the Company’s shipwreck and exploration recovery business, the Company evaluated this business and its impact upon the existing corporate structure. The Company has determined that Blockchain and Seafarer Exploration Corp. operate as separate segments of the business. As such, the Company has presented the income (loss) from operations during the three month periods ended March 31, 2021 and 2020 incurred by the two separate segments below. During the three month periods ended March 31, 2021 and 2020, Blockchain revenues of $0 and $4,200, respectively, were 0% and 100%, respectively, of the consolidated revenues of the Company. Segment information relating to the Company’s two operating segments for the three month period ended March 31, 2021 is as follows: March 31, 2021 March 31, 2021 March 31, 2021 Blockchain LogisTech, LLC Seafarer Exploration Corp. Consolidated Service revenues $ 0 $ 8,703 $ 8,703 Total operating expenses 10,258 496,576 506,834 Net loss from operations $ (10,258 ) $ (487,873 ) $ (498,131 ) Segment information relating to the Company’s two operating segments for the three month period ended March 31, 2020 is as follows: March 31, 2020 March 31, 2020 March 31, 2020 Blockchain LogisTech, LLC Seafarer Exploration Corp. Consolidated Service revenues $ 4,200 $ 0 $ 4,200 Total operating expenses 6,730 619,548 626,278 Net loss from operations $ (2,530 ) $ (619,548 ) $ (622,078 )

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 11 – SUBSEQUENT EVENTS Subsequent to March 31, 2021, the Company issued or has agreed to issue shares of its common stock as follows (Unaudited): (i) sales of 52,866,666 shares of common stock under subscription agreements for proceeds of $117,600; (ii) issuance of 15,594,247 shares of common stock to settle $45,000 of principal and $1,783 of accrued interest of one convertible notes payable and (iii) 13,233,334 shares of restricted common stock were issued for services.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The condensed consolidated financial statements of the Company include the accounts of the Company and Blockchain which is a wholly owned subsidiary. Intercompany accounts and transactions have been eliminated in consolidation.
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of the condensed consolidated statements of cash flows, the Company considers all highly liquid investments and short-term debt instruments with original maturities of three months or less to be cash equivalents. There were no cash equivalents at March 31, 2021 and December 31, 2020. Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash deposits. Accounts at each institution are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. At March 31, 2021, the Company did not have deposits in excess of the FDIC insured limit.
Research and Development Expenses	Research and Development Expenses Expenditures for research and development are expensed as incurred. The Company incurred research and development expenses of $71,254 and $71,420 for the three month periods ended March 31, 2021 and 2020, respectively.
Revenue Recognition	Revenue Recognition The Company recognizes revenue in accordance with the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) Topic 606, “ Revenue from Contracts with Customers The core principle of ASC 606 requires that an entity recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services. ASC 606 defines a five-step process to achieve this core principle and, in doing so, it is possible more judgment and estimates may be required within the revenue recognition process than required under GAAP, including identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation. The Company recognizes revenue from the referrals that Blockchain has made to providers of software services when payment for a referral is received from the provider of software services. Blockchain, at its sole discretion and with no specific sales quotas or targets, provides referrals of potential end users to the software service providers and is paid a referral fee only after the software services providers receive payment from the end user. The Company also has a separate sales referral agreement, with no sales quotas or specific goals or targets, with a limited liability company that provides product/system engineering and development services. The Company’s performance obligation is met when the payment from the customer is received by the provider of the development services, which is at a point in time. The Company receives referral fees when payment is received from the provider of the product/system development services which is when the Company recognizes revenue under the agreement. The Company recognizes revenue when cash is received or when it has met its obligations per the terms of a contract or agreement for services. Payments received for services are recorded as deferred revenue and are recognized as revenue when the services have been provided. During the three month period ended March 31, 2021 the Company entered into an agreement to provide scanning services using its SeaSearcher technology to a corporation involved in searching for historic shipwreck material. Under the terms of the agreement the Company received an upfront payment of $140,000 which has been included in the accompanying condensed consolidated balance sheet at March 31, 2021 as deferred revenue.
Earnings Per Share	Earnings Per Share The Company has adopted the FASB ASC 260-10, which provides for the calculation of “basic” and “diluted” earnings per share. Basic earnings per share includes no dilution and is computed by dividing net income or loss available to common stockholders by the weighted average common shares outstanding for the period. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of an entity. The potentially dilutive common stock equivalents for the three month periods ended March 31, 2021 and 2020 were excluded from the dilutive loss per share calculation as they would be antidilutive due to the net loss. As of March 31, 2021 and 2020, there were approximately 662,700,583 and 595,913,777 shares of common stock underlying our outstanding convertible notes payable and warrants, respectively.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The carrying amounts of financial assets and liabilities, such as cash, accounts payable, accrued expenses, convertible notes payable and payables, approximate their fair values because of the short maturity of these instruments.
Property and Equipment	Property, Plant and Equipment Property, plant and equipment are recorded at historical cost. Depreciation is computed on the straight-line method over the estimated useful lives of the respective assets. During the year ended December 31, 2019, the Company purchased a vessel with an estimated useful life of ten years. During the year ended December 31, 2020, the Company purchased a vehicle with an estimated useful life of ten years. As of March 31, 2021, these are the only capital assets owned by the Company. Depreciation expense was $5,465 and $5,015 for the three month periods ended March 31, 2021 and 2020, respectively, which is included in operating expenses in the accompanying condensed consolidated statements of operations.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets In accordance with ASC 360-10, the Company, on a regular basis, reviews the carrying amount of long-lived assets for the existence of facts or circumstances, both internally and externally, that suggest impairment. The Company determines if the carrying amount of a long-lived asset is impaired based on anticipated undiscounted cash flows, before interest, from the use of the asset. In the event of impairment, a loss is recognized based on the amount by which the carrying amount exceeds the fair value of the asset. Fair value is determined based on appraised value of the assets or the anticipated cash flows from the use of the asset, discounted at a rate commensurate with the risk involved. There were no impairment charges recorded during the three month periods ended March 31, 2021 and 2020.
Use of Estimates	Use of Estimates The process of preparing consolidated financial statements in conformity with GAAP requires the use of estimates and assumptions regarding certain types of assets, liabilities, revenues, and expenses. Significant estimates for the three month periods ended March 31, 2021 and 2020 include useful life of property, plant and equipment, valuation allowances against deferred tax assets and the fair value of non cash equity transactions.
Segment Information	Segment Information During 2019, Seafarer’s wholly owned subsidiary, Blockchain began operations, generated revenue and incurred expenses. The business of Blockchain has no relation to the Company’s shipwreck exploration and recovery operations other than common ownership. As such, the Company concluded that the operations of Blockchain and Seafarer Exploration were separate reportable segments as of the three month periods ended March 31, 2021 and 2020 (see Note 10 – Segment Information).
Convertible Notes Payable	Convertible Notes Payable The Company accounts for convertible notes deemed conventional and conversion options embedded in non-conventional convertible notes which qualify as equity under ASC 815, in accordance with the provisions of ASC 470-20, which provides guidance on accounting for convertible securities with beneficial conversion features. ASC 470-10 addresses classification determination for specific obligations, such as short-term obligations expected to be refinanced on a long-term basis, due-on-demand loan arrangements, callable debt, sales of future revenue, increasing rate debt, debt that includes covenants, revolving credit agreements subject to lock-box arrangements and subjective acceleration clauses. Accordingly, the Company records, as a discount to convertible notes, the intrinsic value of such conversion options based upon the differences between the fair value of the underlying common stock at the commitment date of the note transaction and the effective conversion price embedded in the note. Debt discounts under these arrangements are amortized over the term of the related debt.
Stock Based Compensation	Stock Based Compensation The Company applies the fair value method of FASB ASC 718, “ Share Based Payment Fully vested and non-forfeitable shares issued prior to the services being performed are classified as prepaid expenses.
Leases	Leases The Company accounts for leases under Accounting Standards Update (“ASU”) 2016-02. At the inception of a contract the Company assessed whether the contract is, or contains, a lease. The Company’s assessment is based on: (1) whether the contract involves the use of a distinct identified asset, (2) whether the Company obtains the right to substantially all the economic benefit from the use of the asset throughout the period, and (3) whether it has the right to direct the use of the asset. The Company will allocate the consideration in the contract to each lease component based on its relative stand-alone price to determine the lease payments. Operating lease right of use (“ROU”) assets represents the right to use the leased asset for the lease term and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. As most leases do not provide an implicit rate, the Company uses an incremental borrowing rate based on the information available at the adoption date in determining the present value of future payments. Lease expense for minimum lease payments is amortized on a straight-line basis over the lease term and is presented in operating expenses on the condensed consolidated statements of operations. As permitted under the new guidance, the Company has made an accounting policy election not to apply the recognition provisions of the guidance to short term leases (leases with a lease term of twelve months or less that do not include an option to purchase the underlying asset that the lessee is reasonably certain to exercise); instead, the Company will recognize the lease payments for short term leases on a straight-line basis over the lease term.
Investments	Investments The Company follows ASC 325-20, Cost Method Investments
Income Taxes	Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.
Recent Accounting Pronouncements	Recent Accounting Pronouncements All other recent accounting pronouncements issued by the FASB, did not or are not believed by management to have a material impact on the Company’s present or future consolidated financial statements.

OPERATING LEASE AND RIGHT-OF-_2

OPERATING LEASE AND RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Tables)	3 Months Ended
	Mar. 31, 2021
Operating Lease And Right-of-use Assets And Operating Lease Liabilities
Schedule of right-of- use assets	Right-of-use assets at March 31, 2021 and December 31, 2020 are summarized below: March 31, 2020 December 31, 2020 Office lease $ 48,957 $ 48,957 Less accumulated amortization (10,575 ) (6,966 ) Right of use assets, net $ 38,382 $ 41,991
Schedule of operating lease liabilities	Operating Lease liabilities are summarized below: March 31, 2020 December 31, 2020 Office lease $ 38,806 $ 42,274 Less: current portion (15,185 ) (14,680 ) Long term portion $ 23,621 $ 27,594
Maturity of lease liabilities	Maturity of lease liabilities are as follows: Year ended December 31, 2021 $ 13,643 Year ended December 31, 2022 18,641 Year ended December 31, 2023 11,081 Total future minimum lease payments 43,365 Less: Present value discount (4,559 ) Lease liability $ 38,806

CONVERTIBLE NOTES PAYABLE AND_2

CONVERTIBLE NOTES PAYABLE AND NOTES PAYABLE (Tables)	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Schedule of Convertible Notes Payable	The following tables reflect the convertible notes payable at March 31, 2021 and December 31, 2020: Issue Date Maturity March 31, December 31, Rate Conversion Principal Principal Convertible notes payable 09/01/20 03/01/21 $ - $ 45,000 6.00% 0.0030 Face value - 45,000 Less unamortized discounts - (13,425 ) Balance convertible notes payable $ - $ 31,575 Issue Date Maturity March 31, December 31, Rate Conversion Principal Principal Convertible notes payable - related parties 08/06/20 02/06/21 $ - $ 25,200 6.00% 0.0035 08/06/20 02/06/21 - 35,000 6.00% 0.0035 08/14/20 02/14/21 - 50,400 6.00% 0.0035 Face value - 110,600 Less unamortized discounts - (24,431 ) Balance convertible notes payable - related parties $ - $ 86,169 Issue Date Maturity March 31, December 31, Rate Conversion Principal Principal Convertible notes payable - in default 08/28/09 11/01/09 $ 4,300 $ 4,300 10.00% 0.0150 11/20/12 05/20/13 50,000 50,000 6.00% 0.0050 01/19/13 07/30/13 5,000 5,000 6.00% 0.0040 02/11/13 08/11/13 9,000 9,000 6.00% 0.0060 09/25/13 03/25/14 10,000 10,000 6.00% 0.0125 10/04/13 04/04/14 50,000 50,000 6.00% 0.0125 10/30/13 10/30/14 50,000 50,000 6.00% 0.0125 05/15/14 11/15/14 40,000 40,000 6.00% 0.0070 10/13/14 04/13/15 - - 6.00% 0.0050 09/18/15 03/18/16 25,000 25,000 6.00% 0.0020 04/04/16 10/04/16 10,000 10,000 6.00% 0.0010 07/19/16 07/19/17 4,000 4,000 6.00% 0.0015 08/24/16 02/24/17 - - 6.00% 0.0010 03/06/18 09/06/18 6,000 6,000 6.00% 0.0006 02/06/18 11/07/18 6,000 6,000 6.00% 0.0006 10/29/18 04/29/19 3,000 3,000 6.00% 0.0007 01/03/19 07/03/19 1,000 1,000 6.00% 0.0010 03/16/19 09/16/19 10,000 10,000 6.00% 0.0010 09/04/19 03/04/20 25,000 25,000 6.00% 0.0030 09/01/20 03/01/21 45,000 - 6.00% 0.0030 Balance convertible notes payable - in default $ 353,300 $ 308,300 Issue Date Maturity March 31, December 31, Rate Conversion Principal Principal Convertible notes payable - related parties, in default 01/09/09 01/09/10 $ 10,000 $ 10,000 10.00% 0.0150 01/25/10 01/25/11 6,000 6,000 6.00% 0.0050 01/18/12 07/18/12 50,000 50,000 8.00% 0.0040 01/19/13 07/30/13 15,000 15,000 6.00% 0.0040 07/26/13 01/26/14 10,000 10,000 6.00% 0.0100 01/17/14 07/17/14 31,500 31,500 6.00% 0.0060 05/27/14 11/27/14 7,000 7,000 6.00% 0.0070 07/21/14 01/25/15 17,000 17,000 6.00% 0.0080 10/16/14 04/16/15 21,000 21,000 6.00% 0.0045 07/14/15 01/14/16 9,000 9,000 6.00% 0.0030 01/12/16 07/12/16 5,000 5,000 6.00% 0.0020 05/10/16 11/10/16 5,000 5,000 6.00% 0.0005 05/10/16 11/10/16 5,000 5,000 6.00% 0.0005 05/20/16 11/20/16 5,000 5,000 6.00% 0.0005 07/12/16 01/12/17 2,400 2,400 6.00% 0.0006 01/26/17 03/12/17 5,000 5,000 6.00% 0.0005 02/14/17 08/14/17 25,000 25,000 6.00% 0.0008 08/16/17 09/16/17 3,000 3,000 6.00% 0.0008 03/14/18 05/14/18 25,000 25,000 6.00% 0.0007 04/04/18 06/04/18 3,000 3,000 6.00% 0.0007 04/11/18 06/11/18 25,000 25,000 6.00% 0.0007 05/08/18 07/08/18 25,000 25,000 6.00% 0.0007 05/30/18 08/30/18 25,000 25,000 6.00% 0.0007 06/12/18 09/12/18 3,000 3,000 6.00% 0.0007 06/20/18 09/12/18 500 500 6.00% 0.0007 01/09/18 01/09/19 12,000 12,000 6.00% 0.0006 08/27/18 02/27/19 2,000 2,000 6.00% 0.0007 10/02/18 04/02/19 1,000 1,000 6.00% 0.0008 10/23/18 04/23/19 4,200 4,200 6.00% 0.0007 11/07/18 05/07/19 2,000 2,000 6.00% 0.0008 11/14/18 05/14/19 8,000 8,000 6.00% 0.0008 01/08/19 07/08/19 7,000 7,000 6.00% 0.0008 04/25/19 12/23/19 20,000 20,000 6.00% 0.0040 06/07/19 12/07/19 5,100 5,100 6.00% 0.0030 09/17/19 04/17/20 12,000 12,000 6.00% 0.0030 11/12/19 05/12/20 25,000 25,000 6.00% 0.0025 11/26/19 05/26/20 25,200 25,200 6.00% 0.0030 12/03/19 06/03/20 15,000 15,000 6.00% 0.0030 01/07/20 06/20/20 51,000 51,000 6.00% 0.0030 08/06/20 02/06/21 25,200 - 6.00% 0.0035 08/06/20 02/06/21 35,000 - 6.00% 0.0035 08/14/20 02/14/21 50,400 - 6.00% 0.0035 Balance convertible notes payable - related parties, in default $ 638,500 $ 527,900 Balance all convertible notes payable $ 991,800 $ 953,944
Schedule of Notes Payable	The following tables reflect the notes payable at March 31, 2021 and December 31, 2020: Issue Date Maturity March 31, December 31, Rate Principal Principal Notes payable - in default 04/27/11 04/27/12 $ 5,000 $ 5,000 6.00% 12/14/17 12/14/18 20,000 20,000 6.00% 11/29/17 11/29/19 105,000 105,000 2.06% Balance notes payable - default $ 130,000 $ 130,000 Issue Date Maturity March 31, December 31, Rate Principal Principal Notes payable - related parties, in default 02/24/10 02/24/11 $ 7,500 $ 7,500 6.00% 10/06/15 11/15/15 10,000 10,000 6.00% 02/08/18 04/09/18 1,000 1,000 6.00% Balance notes payable - related parties, in default $ 18,500 $ 18,500 Balance all notes payable $ 148,500 $ 148,500

STOCKHOLDERS' DEFICIT (Tables)

STOCKHOLDERS' DEFICIT (Tables)	3 Months Ended
	Mar. 31, 2021
Capital Stock
Schedule of Warrants Outstanding	During the three month periods ended March 31, 2021 and 2020, the Company issued or is to issue the following shares of common stock: 2021 2020 Common stock issued for cash 75,850,000 8,900,000 Common stock issued for services - 5,348,366 Common stock issued to convert notes payable and accrued interest 8,734,640 39,781,082 Shares reclassed from common stock to be issued - 10,120,000 Total 84,584,640 64,149,448 The following table shows the warrants outstanding at March 31, 2021: Weighted Average Number of Weighted Average Remaining Life Average Warrants Exercise Price (Years) Intrinsic Value Outstanding, March 31, 2021 4,000,000 $ 0.0050 1.58 $ 0.0010 Exercisable, March 31, 2021 4,000,000 $ 0.0050 1.58 $ 0.0010

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2021
Disclosure Segment Information Tables Abstract
Schedule of Segment Reporting Information, by Segment	Segment information relating to the Company’s two operating segments for the three month period ended March 31, 2021 is as follows: March 31, 2021 March 31, 2021 March 31, 2021 Blockchain LogisTech, LLC Seafarer Exploration Corp. Consolidated Service revenues $ 0 $ 8,703 $ 8,703 Total operating expenses 10,258 496,576 506,834 Net loss from operations $ (10,258 ) $ (487,873 ) $ (498,131 ) Segment information relating to the Company’s two operating segments for the three month period ended March 31, 2020 is as follows: March 31, 2020 March 31, 2020 March 31, 2020 Blockchain LogisTech, LLC Seafarer Exploration Corp. Consolidated Service revenues $ 4,200 $ 0 $ 4,200 Total operating expenses 6,730 619,548 626,278 Net loss from operations $ (2,530 ) $ (619,548 ) $ (622,078 )

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative)	Mar. 31, 2021USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Working capital deficit	$ 1,467,227

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Accounting Policies [Abstract]
Research and development	$ 71,254	$ 71,420
Depreciation Expense	$ 5,465	$ 5,015
Outstanding convertible note payable	662,700,583	662,700,583
Outstanding warrants	595,913,777	595,913,777

OPERATING LEASE AND RIGHT-OF-_3

OPERATING LEASE AND RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Details) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Operating Lease And Right-of-use Assets And Operating Lease Liabilities
Office lease (remaining lease term)	$ 48,957	$ 48,957
Less accumulated amortization	(10,575)	(6,966)
Right-of-use assets, net	$ 38,382	$ 41,991

OPERATING LEASE AND RIGHT-OF-_4

OPERATING LEASE AND RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Details 2) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Operating Lease And Right-of-use Assets And Operating Lease Liabilities
Office lease	$ 38,806	$ 42,274
Less: current portion	(15,185)	(14,680)
Long term portion	$ 23,621	$ 27,594

OPERATING LEASE AND RIGHT-OF-_5

OPERATING LEASE AND RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Details 3) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Operating Lease And Right-of-use Assets And Operating Lease Liabilities
Year ended December 31, 2021	$ 13,643
Year ended December 31, 2022	18,641
Year ended December 31, 2023	11,081
Total future minimum lease payments	43,365
Plus: Present value discount	(4,559)
Lease liability	$ 38,806	$ 42,274

OPERATING LEASE AND RIGHT-OF-_6

OPERATING LEASE AND RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended		12 Months Ended
	Jul. 31, 2023	Mar. 31, 2021	Mar. 31, 2020	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Accounting Policies [Abstract]
Operating lease expense		$ 4,601	$ 3,945
Base monthly rent	$ 1,611	$ 9,111	$ 11,767	$ 1,564	$ 1,519	$ 1,475

CONVERTIBLE NOTES PAYABLE AND_3

CONVERTIBLE NOTES PAYABLE AND NOTES PAYABLE (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Convertible notes payable			$ 31,575
Less: Unamortized discounts, Convertible Notes - Related Parties	0		24,431
Convertible Notes Payable - Related Parties			86,169
Convertible Notes Payable [Member]
Convertible notes payable, Face Value	51,000		45,000
Less: Unamortized discounts, Convertible Notes	(17,935)		(13,425)
Convertible notes payable	$ 33,065		31,575
Convertible Notes Payable [Member] | September 1, 2020
Convertible notes payble, Maturity Date	Mar. 1, 2021
Convertible notes payable, Face Value			$ 45,000
Convertible notes payeble Rate			6.00%
Convertible notes payable, Conversion Price			$ 0.00300
Convertible Notes Payable [Member] | September 04, 2019
Convertible notes payble, Maturity Date		Mar. 4, 2020
Convertible notes payable, Face Value	$ 25,000
Convertible notes payeble Rate	6.00%
Convertible notes payable, Conversion Price	$ 0.0030
Convertible Notes Payable [Member] | September 4, 2019
Convertible notes payble, Maturity Date		Mar. 4, 2020
Convertible notes payable, Face Value	$ 26,000
Convertible notes payeble Rate	6.00%
Convertible notes payable, Conversion Price	$ 0.0030
Convertible Notes Payable - Related Parties [Member]
Convertible notes payable, Face Value	$ 77,200		$ 638,500
Less: Unamortized discounts, Convertible Notes - Related Parties	57,413		(24,431)
Convertible Notes Payable - Related Parties	$ 19,787		86,169
Convertible Notes Payable - Related Parties [Member] | August 06, 2020
Convertible notes payble, Maturity Date	Feb. 6, 2021
Convertible notes payable, Face Value			$ 25,200
Convertible notes payeble Rate			6.00%
Convertible notes payable, Conversion Price			$ 0.00350
Convertible Notes Payable - Related Parties [Member] | August 06, 2020
Convertible notes payble, Maturity Date	Feb. 6, 2021
Convertible notes payable, Face Value			$ 35,000
Convertible notes payeble Rate			6.00%
Convertible notes payable, Conversion Price			$ 0.00350
Convertible Notes Payable - Related Parties [Member] | August 14, 2020
Convertible notes payble, Maturity Date	Feb. 14, 2021
Convertible notes payable, Face Value			$ 50,400
Convertible notes payeble Rate			6.00%
Convertible notes payable, Conversion Price			$ 0.00350
Convertible Notes Payable - Related Parties [Member] | September 17, 2019
Convertible notes payble, Maturity Date		Apr. 17, 2020
Convertible notes payable, Face Value	$ 12,000
Convertible notes payeble Rate	6.00%
Convertible notes payable, Conversion Price	$ 0.0030
Convertible Notes Payable - Related Parties [Member] | November 12, 2019
Convertible notes payble, Maturity Date		May 12, 2020
Convertible notes payable, Face Value	$ 25,000
Convertible notes payeble Rate	6.00%
Convertible notes payable, Conversion Price	$ 0.0025
Convertible Notes Payable - Related Parties [Member] | November 26, 2019
Convertible notes payble, Maturity Date		May 26, 2020
Convertible notes payable, Face Value	$ 25,200
Convertible notes payeble Rate	6.00%
Convertible notes payable, Conversion Price	$ 0.0030
Convertible Notes Payable - Related Parties [Member] | December 03, 2019
Convertible notes payble, Maturity Date		Jun. 3, 2020
Convertible notes payable, Face Value	$ 15,000
Convertible notes payeble Rate	6.00%
Convertible notes payable, Conversion Price	$ 0.0030
Convertible Notes Payable - In Default[Member]
Convertible notes payable, Face Value	$ 328,300		$ 308,300
Convertible Notes Payable - In Default[Member] | August 28, 2009
Convertible notes payble, Maturity Date	Nov. 1, 2009	Nov. 1, 2009
Convertible notes payable, Face Value	$ 4,300		$ 4,300
Convertible notes payeble Rate	10.00%		10.00%
Convertible notes payable, Conversion Price	$ 0.0150		$ 0.0150
Convertible Notes Payable - In Default[Member] | November 20, 2012
Convertible notes payble, Maturity Date	May 20, 2013	May 20, 2013
Convertible notes payable, Face Value	$ 50,000		$ 50,000
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0050		$ 0.0050
Convertible Notes Payable - In Default[Member] | January 19, 2013
Convertible notes payble, Maturity Date	Jul. 30, 2013	Jul. 30, 2013
Convertible notes payable, Face Value	$ 5,000		$ 5,000
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0040		$ 0.0040
Convertible Notes Payable - In Default[Member] | February 11, 2013
Convertible notes payble, Maturity Date	Aug. 11, 2013	Aug. 11, 2013
Convertible notes payable, Face Value	$ 9,000		$ 9,000
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0060		$ 0.0060
Convertible Notes Payable - In Default[Member] | September 25, 2013
Convertible notes payble, Maturity Date	Mar. 25, 2014	Mar. 25, 2014
Convertible notes payable, Face Value	$ 10,000		$ 10,000
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0125		$ 0.0125
Convertible Notes Payable - In Default[Member] | October 04, 2013
Convertible notes payble, Maturity Date	Apr. 4, 2014	Apr. 4, 2014
Convertible notes payable, Face Value	$ 50,000		$ 50,000
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0125		$ 0.0125
Convertible Notes Payable - In Default[Member] | October 30, 2013
Convertible notes payble, Maturity Date	Oct. 30, 2014	Oct. 30, 2014
Convertible notes payable, Face Value	$ 50,000		$ 50,000
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0125		$ 0.0125
Convertible Notes Payable - In Default[Member] | May 15, 2014
Convertible notes payble, Maturity Date	Nov. 15, 2014	Nov. 15, 2014
Convertible notes payable, Face Value	$ 40,000		$ 40,000
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0070		$ 0.0070
Convertible Notes Payable - In Default[Member] | September 18, 2015
Convertible notes payble, Maturity Date	Mar. 18, 2016	Mar. 18, 2016
Convertible notes payable, Face Value	$ 25,000		$ 25,000
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0020		$ 0.0020
Convertible Notes Payable - In Default[Member] | April 04, 2016
Convertible notes payble, Maturity Date	Oct. 4, 2016	Oct. 4, 2016
Convertible notes payable, Face Value	$ 10,000		$ 10,000
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0010		$ 0.0010
Convertible Notes Payable - In Default[Member] | July 19, 2016
Convertible notes payble, Maturity Date	Jul. 19, 2017	Jul. 19, 2017
Convertible notes payable, Face Value	$ 4,000		$ 4,000
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0015		$ 0.0015
Convertible Notes Payable - In Default[Member] | March 06, 2018
Convertible notes payble, Maturity Date	Sep. 6, 2018	Sep. 6, 2018
Convertible notes payable, Face Value	$ 6,000		$ 6,000
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0006		$ 0.0006
Convertible Notes Payable - In Default[Member] | Februrary 06, 2018
Convertible notes payble, Maturity Date	Nov. 7, 2018	Nov. 7, 2018
Convertible notes payable, Face Value	$ 6,000		$ 6,000
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0006		$ 0.0006
Convertible Notes Payable - In Default[Member] | October 29, 2018
Convertible notes payble, Maturity Date	Apr. 29, 2019	Apr. 29, 2019
Convertible notes payable, Face Value	$ 3,000		$ 3,000
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0007		$ 0.0007
Convertible Notes Payable - In Default[Member] | January 03, 2019
Convertible notes payble, Maturity Date	Jul. 3, 2019	Jul. 3, 2019
Convertible notes payable, Face Value	$ 1,000		$ 1,000
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0010		$ 0.0010
Convertible Notes Payable - In Default[Member] | March 16, 2019
Convertible notes payble, Maturity Date	Sep. 16, 2019	Sep. 16, 2019
Convertible notes payable, Face Value	$ 10,000		$ 10,000
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0010		$ 0.0010
Convertible Notes Payable - In Default[Member] | September 04, 2019
Convertible notes payble, Maturity Date	Mar. 4, 2020
Convertible notes payable, Face Value			$ 25,000
Convertible notes payeble Rate			6.00%
Convertible notes payable, Conversion Price			$ 0.0030
Convertible Notes Payable - In Default[Member] | October 13, 2014
Convertible notes payble, Maturity Date		Apr. 13, 2015
Convertible notes payable, Face Value	$ 25,000
Convertible notes payeble Rate	6.00%
Convertible notes payable, Conversion Price	$ 0.0050
Convertible Notes Payable - In Default[Member] | August 24, 2016
Convertible notes payble, Maturity Date		Feb. 24, 2017
Convertible notes payable, Face Value	$ 20,000
Convertible notes payeble Rate	6.00%
Convertible notes payable, Conversion Price	$ 0.0010
Convertible Notes Payable - Related Parties, in Default[Member]
Convertible notes payable, Face Value	$ 399,700		$ 527,900
Convertible Notes Payable - Related Parties, in Default[Member] | January 19, 2013
Convertible notes payble, Maturity Date	Jul. 30, 2013	Jul. 30, 2013
Convertible notes payable, Face Value	$ 15,000		$ 15,000
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0040		$ 0.0040
Convertible Notes Payable - Related Parties, in Default[Member] | January 09, 2009
Convertible notes payble, Maturity Date	Jan. 9, 2010	Jan. 9, 2010
Convertible notes payable, Face Value	$ 10,000		$ 10,000
Convertible notes payeble Rate	10.00%		10.00%
Convertible notes payable, Conversion Price	$ 0.0150		$ 0.0150
Convertible Notes Payable - Related Parties, in Default[Member] | January 25, 2010
Convertible notes payble, Maturity Date	Jan. 25, 2011	Jan. 25, 2011
Convertible notes payable, Face Value	$ 6,000		$ 6,000
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0050		$ 0.0050
Convertible Notes Payable - Related Parties, in Default[Member] | January 18, 2012
Convertible notes payble, Maturity Date	Jul. 18, 2012	Jul. 18, 2012
Convertible notes payable, Face Value	$ 50,000		$ 50,000
Convertible notes payeble Rate	8.00%		8.00%
Convertible notes payable, Conversion Price	$ 0.0040		$ 0.0040
Convertible Notes Payable - Related Parties, in Default[Member] | July 26, 2016
Convertible notes payble, Maturity Date	Jan. 26, 2014	Jan. 26, 2014
Convertible notes payable, Face Value	$ 10,000		$ 10,000
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0100		$ 0.0100
Convertible Notes Payable - Related Parties, in Default[Member] | January 17, 2014
Convertible notes payble, Maturity Date	Jul. 17, 2014	Jul. 17, 2014
Convertible notes payable, Face Value	$ 31,500		$ 31,500
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0060		$ 0.0060
Convertible Notes Payable - Related Parties, in Default[Member] | May 27, 2014
Convertible notes payble, Maturity Date	Nov. 27, 2014	Nov. 27, 2014
Convertible notes payable, Face Value	$ 7,000		$ 7,000
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0070		$ 0.0070
Convertible Notes Payable - Related Parties, in Default[Member] | July 21, 2014
Convertible notes payble, Maturity Date	Jan. 25, 2015	Jan. 25, 2015
Convertible notes payable, Face Value	$ 17,000		$ 17,000
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0080		$ 0.0080
Convertible Notes Payable - Related Parties, in Default[Member] | October 16, 2014
Convertible notes payble, Maturity Date	Apr. 16, 2015	Apr. 16, 2015
Convertible notes payable, Face Value	$ 21,000		$ 21,000
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0045		$ 0.0045
Convertible Notes Payable - Related Parties, in Default[Member] | July 14, 2015
Convertible notes payble, Maturity Date	Jan. 14, 2016	Jan. 14, 2016
Convertible notes payable, Face Value	$ 9,000		$ 9,000
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0030		$ 0.0030
Convertible Notes Payable - Related Parties, in Default[Member] | January 12, 2016
Convertible notes payble, Maturity Date	Jul. 12, 2016	Jul. 12, 2016
Convertible notes payable, Face Value	$ 5,000		$ 5,000
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0020		$ 0.0020
Convertible Notes Payable - Related Parties, in Default[Member] | May 10, 2016
Convertible notes payble, Maturity Date	Nov. 10, 2016	Nov. 10, 2016
Convertible notes payable, Face Value	$ 5,000		$ 5,000
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0005		$ 0.0005
Convertible Notes Payable - Related Parties, in Default[Member] | May 10, 2016
Convertible notes payble, Maturity Date	Nov. 10, 2016	Nov. 10, 2016
Convertible notes payable, Face Value	$ 5,000		$ 5,000
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0005		$ 0.0005
Convertible Notes Payable - Related Parties, in Default[Member] | May 20, 2016
Convertible notes payble, Maturity Date	Nov. 20, 2016	Nov. 20, 2016
Convertible notes payable, Face Value	$ 5,000		$ 5,000
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0005		$ 0.0005
Convertible Notes Payable - Related Parties, in Default[Member] | July 12, 2016
Convertible notes payble, Maturity Date	Jan. 12, 2017	Jan. 12, 2017
Convertible notes payable, Face Value	$ 2,400		$ 2,400
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0006		$ 0.0006
Convertible Notes Payable - Related Parties, in Default[Member] | January 26, 2017
Convertible notes payble, Maturity Date	Mar. 12, 2017	Mar. 12, 2017
Convertible notes payable, Face Value	$ 5,000		$ 5,000
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0005		$ 0.0005
Convertible Notes Payable - Related Parties, in Default[Member] | Februrary 14, 2017
Convertible notes payble, Maturity Date	Aug. 14, 2017	Aug. 14, 2017
Convertible notes payable, Face Value	$ 25,000		$ 25,000
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0008		$ 0.00075
Convertible Notes Payable - Related Parties, in Default[Member] | August 16, 2017
Convertible notes payble, Maturity Date	Sep. 16, 2017	Sep. 16, 2017
Convertible notes payable, Face Value	$ 3,000		$ 3,000
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0008		$ 0.0008
Convertible Notes Payable - Related Parties, in Default[Member] | March 14, 2018
Convertible notes payble, Maturity Date	May 14, 2018	May 14, 2018
Convertible notes payable, Face Value	$ 25,000		$ 25,000
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0007		$ 0.0007
Convertible Notes Payable - Related Parties, in Default[Member] | April 04, 2018
Convertible notes payble, Maturity Date	Jun. 4, 2018	Jun. 4, 2018
Convertible notes payable, Face Value	$ 3,000		$ 3,000
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0007		$ 0.0007
Convertible Notes Payable - Related Parties, in Default[Member] | April 11, 2018
Convertible notes payble, Maturity Date	Jun. 11, 2018	Jun. 11, 2018
Convertible notes payable, Face Value	$ 25,000		$ 25,000
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0007		$ 0.0007
Convertible Notes Payable - Related Parties, in Default[Member] | May 05, 2018
Convertible notes payble, Maturity Date	Jul. 8, 2018	Jul. 8, 2018
Convertible notes payable, Face Value	$ 25,000		$ 25,000
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0007		$ 0.0007
Convertible Notes Payable - Related Parties, in Default[Member] | May 30, 2018
Convertible notes payble, Maturity Date	Aug. 30, 2018	Aug. 30, 2018
Convertible notes payable, Face Value	$ 25,000		$ 25,000
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0007		$ 0.0007
Convertible Notes Payable - Related Parties, in Default[Member] | June 12, 2018
Convertible notes payble, Maturity Date	Sep. 12, 2018	Sep. 12, 2018
Convertible notes payable, Face Value	$ 3,000		$ 3,000
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0007		$ 0.0007
Convertible Notes Payable - Related Parties, in Default[Member] | June 20, 2018
Convertible notes payble, Maturity Date	Sep. 12, 2018	Sep. 12, 2018
Convertible notes payable, Face Value	$ 500		$ 500
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0007		$ 0.0007
Convertible Notes Payable - Related Parties, in Default[Member] | January 09, 2018
Convertible notes payble, Maturity Date	Jan. 9, 2019	Jan. 9, 2019
Convertible notes payable, Face Value	$ 12,000		$ 12,000
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0006		$ 0.0006
Convertible Notes Payable - Related Parties, in Default[Member] | August 27, 2018
Convertible notes payble, Maturity Date	Feb. 27, 2019	Feb. 27, 2019
Convertible notes payable, Face Value	$ 2,000		$ 2,000
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0007		$ 0.0007
Convertible Notes Payable - Related Parties, in Default[Member] | October 02, 2018
Convertible notes payble, Maturity Date	Apr. 2, 2019	Apr. 2, 2019
Convertible notes payable, Face Value	$ 1,000		$ 1,000
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0008		$ 0.0008
Convertible Notes Payable - Related Parties, in Default[Member] | October 23, 2018
Convertible notes payble, Maturity Date	Apr. 23, 2019	Apr. 23, 2019
Convertible notes payable, Face Value	$ 4,200		$ 4,200
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0007		$ 0.0007
Convertible Notes Payable - Related Parties, in Default[Member] | November 07, 2018
Convertible notes payble, Maturity Date	May 7, 2019	May 7, 2019
Convertible notes payable, Face Value	$ 2,000		$ 2,000
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0008		$ 0.0008
Convertible Notes Payable - Related Parties, in Default[Member] | November 14, 2018
Convertible notes payble, Maturity Date	May 14, 2019	May 14, 2019
Convertible notes payable, Face Value	$ 8,000		$ 8,000
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0008		$ 0.0008
Convertible Notes Payable - Related Parties, in Default[Member] | January 08, 2019
Convertible notes payble, Maturity Date	Jul. 8, 2019	Jul. 8, 2019
Convertible notes payable, Face Value	$ 7,000		$ 7,000
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0008		$ 0.0008
Convertible Notes Payable - Related Parties, in Default[Member] | April 25, 2019
Convertible notes payble, Maturity Date	Dec. 23, 2019	Dec. 23, 2019
Convertible notes payable, Face Value	$ 20,000		$ 20,000
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0040		$ 0.0040
Convertible Notes Payable - Related Parties, in Default[Member] | June 07, 2019
Convertible notes payble, Maturity Date	Dec. 7, 2019	Dec. 7, 2019
Convertible notes payable, Face Value	$ 5,100		$ 5,100
Convertible notes payeble Rate	6.00%		6.00%
Convertible notes payable, Conversion Price	$ 0.0030		$ 0.0030
Convertible Notes Payable - Related Parties, in Default[Member] | September 17, 2019
Convertible notes payble, Maturity Date	Apr. 17, 2020
Convertible notes payable, Face Value			$ 12,000
Convertible notes payeble Rate			6.00%
Convertible notes payable, Conversion Price			$ 0.00300
Convertible Notes Payable - Related Parties, in Default[Member] | November 12, 2019
Convertible notes payble, Maturity Date	May 12, 2020
Convertible notes payable, Face Value			$ 25,000
Convertible notes payeble Rate			6.00%
Convertible notes payable, Conversion Price			$ 0.0030
Convertible Notes Payable - Related Parties, in Default[Member] | November 26, 2019
Convertible notes payble, Maturity Date	May 26, 2020
Convertible notes payable, Face Value			$ 25,200
Convertible notes payeble Rate			6.00%
Convertible notes payable, Conversion Price			$ 0.0030
Convertible Notes Payable - Related Parties, in Default[Member] | December 03, 2019
Convertible notes payble, Maturity Date	Jun. 3, 2020
Convertible notes payable, Face Value			$ 15,000
Convertible notes payeble Rate			6.00%
Convertible notes payable, Conversion Price			$ 0.0030
Convertible Notes Payable - Related Parties, in Default[Member] | January 07, 2020
Convertible notes payble, Maturity Date	Jun. 20, 2020
Convertible notes payable, Face Value			$ 51,000
Convertible notes payeble Rate			6.00%
Convertible notes payable, Conversion Price			$ 0.0030

CONVERTIBLE NOTES PAYABLE AND_4

CONVERTIBLE NOTES PAYABLE AND NOTES PAYABLE (Details 2) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Notes Payable, Default [Member]
Notes payable, Face Value	$ 175,000		$ 135,000
Notes Payable, Default [Member] | April 27, 2011
Notes payble, Maturity Date	Apr. 27, 2012	Apr. 27, 2012
Notes payable, Face Value	$ 5,000		$ 5,000
Notes payable, Rate	6.00%		6.00%
Notes Payable, Default [Member] | December 14, 2017
Notes payble, Maturity Date	Dec. 14, 2018	Dec. 14, 2018
Notes payable, Face Value	$ 65,000		$ 25,000
Notes payable, Rate	6.00%		6.00%
Notes Payable, Default [Member] | November 29, 2017
Notes payble, Maturity Date	Nov. 29, 2019	Nov. 29, 2019
Notes payable, Face Value	$ 105,000		$ 105,000
Notes payable, Rate	2.06%		2.06%
Notes Payable, Related Parties in Default [Member]
Notes payable, Face Value	$ 18,500		$ 18,500
Notes Payable, Related Parties in Default [Member] | Feburary 24, 2010
Notes payble, Maturity Date	Feb. 24, 2011	Feb. 24, 2011
Notes payable, Face Value	$ 7,500		$ 7,500
Notes payable, Rate	6.00%		6.00%
Notes Payable, Related Parties in Default [Member] | June 06, 2015
Notes payble, Maturity Date	Nov. 15, 2015	Nov. 15, 2015
Notes payable, Face Value	$ 10,000		$ 10,000
Notes payable, Rate	6.00%		6.00%
Notes Payable, Related Parties in Default [Member] | Februrary 08, 2018
Notes payble, Maturity Date	Apr. 9, 2018	Apr. 9, 2018
Notes payable, Face Value	$ 1,000		$ 1,000
Notes payable, Rate	6.00%		6.00%

STOCKHOLDERS' DEFICIT (Details

STOCKHOLDERS' DEFICIT (Details Narrative) - $ / shares	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Feb. 10, 2014
Common stock, shares authorized	9,900,000,000		9,900,000,000
Common stock, par value	$ 0.0001		$ 0.0001
Authorized preferred shares	50,000,000		50,000,000
Preferred stock, shares issued	67		67
Preferred Stock, shares outstanding	67		67
Series A
Preferred stock, shares issued	7	7
Preferred Stock, shares outstanding	7	7
Convertible shares terms	Each share of Series A preferred stock has the right to convert into 214,289 shares of the Company's common stock.	Each share of Series A preferred stock has the right to convert into 214,289 shares of the Company&'s common stock.
Series B
Authorized preferred shares				50,000,000
Preferred stock, shares issued	60	60
Preferred Stock, shares outstanding	60	60
Convertible shares terms	On February 10, 2014, the Board of Directors of the Company under the authority granted under Article V of the Articles of Incorporation, defined and created a new preferred series of shares from the 50,000,000 authorized preferred shares. Pursuant to Article V, the Board of Directors has the power to designate such shares and all powers and matters concerning such shares.

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Services revenues	$ 8,703	$ 4,200
Total operating expenses	506,834	626,278
Net loss from operations	(498,131)	(622,078)
Blockchain LogisTech, LLC [Member]
Services revenues	0	4,200
Total operating expenses	10,258	6,730
Net loss from operations	(10,258)	(2,530)
Seafarer Exploration Corp. [Member]
Services revenues	8,703	0
Total operating expenses	496,576	619,548
Net loss from operations	$ (487,873)	$ (619,548)