Cover
Cover - shares | 6 Months Ended | |
Jun. 30, 2021 | Aug. 09, 2021 | |
Cover [Abstract] | ||
Document Type | 10-Q/A | |
Amendment Flag | true | |
Amendment Description | The purpose of this amendment on Form 10-Q/A to Seafarer Exploration Corp's Quarterly Report on Form 10-Q for the period ended June 30, 2021, filed with the Securities and Exchange Commission on August 16, 2021 is solely to furnish the Inline eXtensible Business Reporting Language (iXBRL) data under Exhibit 101 and 104 to the Form 10-Q in accordance with Rule 405 of Regulation S-T and a couple of immaterial typos were updated.No other changes have been made to the Form 10-Q. This Amendment No. 1 to the Form 10-Q speaks as of the original filing date of the Form 10-Q, does not reflect events that may have occurred subsequent to the original filing date, and does not modify or update in any way disclosures made in the original Form 10-Q. | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Jun. 30, 2021 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2021 | |
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 | |
Entity Address, City or Town | Tampa | |
Entity Address, State or Province | FL | |
Entity Address, Postal Zip Code | 33618 | |
City Area Code | (813) | |
Local Phone Number | 448-3577 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 5,698,002,280 |
CONDENSED CONSOLIDATED BALANCE
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) | Jun. 30, 2021 | Dec. 31, 2020 |
Current assets | ||
Cash | $ 132,527 | $ 186,873 |
Prepaid expenses | 57,135 | 123,039 |
Deposits | 750 | 750 |
Total current assets | 190,412 | 310,662 |
Property, plant and equipment, net | 186,406 | 197,336 |
Right of use asset | 34,684 | 41,991 |
Total Assets | 411,502 | 549,989 |
Current liabilities | ||
Accounts payable and accrued expenses | 392,652 | 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 | 308,300 | 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 | 7,500 | 1,500 |
Lease liability, current | 15,185 | 14,680 |
Total current liabilities | 1,650,637 | 1,469,409 |
Lease liability, long-term | 20,065 | 27,594 |
Total Liabilities | 1,670,702 | 1,497,003 |
Stockholders Deficit | ||
Common stock, $0.0001 par value - 9,900,000,000 shares authorized; 5,637,352,280 and 5,315,683,095 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively | 562,477 | 530,315 |
Common stock to be issued, $0.0001 par value, 36,917,000 and 1,500,000 shares outstanding at June 30, 2021 and December 31, 2020, respectively | 3,692 | 150 |
Unearned compensation | (52,747) | (67,058) |
Additional paid in capital | 19,375,851 | 18,514,376 |
Accumulated deficit | (21,148,473) | (19,924,797) |
Total Stockholders Deficit | (1,259,200) | (947,014) |
Total Liabilities and Stockholders Deficit | 411,502 | 549,989 |
Series A Preferred Stock [Member] | ||
Stockholders Deficit | ||
Series B - 60 shares issued and outstanding | ||
Series B Preferred Stock [Member] | ||
Stockholders Deficit | ||
Series B - 60 shares issued and outstanding |
CONDENSED CONSOLIDATED BALANC_2
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) | Jun. 30, 2021 | Dec. 31, 2020 |
Discount on Convertible Notes Payable | $ 0 | $ 13,425 |
Discount on Convertible Notes Payable - Related Parties | $ 0 | $ 24,431 |
Preferred Stock, Par or Stated Value Per Share | $ 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 or Stated Value Per Share | $ 0.0001 | $ 0.0001 |
Common Stock, Shares Authorized | 9,900,000,000 | 9,900,000,000 |
Common Stock, Shares, Issued | 5,637,352,280 | 5,315,683,095 |
Common Stock, Shares, Outstanding | 5,637,352,280 | 5,315,683,095 |
Common Stock To Be Issued [Member] | ||
Common Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 |
Common Stock, Shares Subscribed but Unissued | 36,917,000 | 1,500,000 |
Series A Preferred Stock [Member] | ||
Preferred Stock, Shares Issued | 7 | 7 |
Preferred Stock, Shares Outstanding | 7 | 7 |
Series B Preferred Stock [Member] | ||
Preferred Stock, Shares Issued | 60 | 60 |
Preferred Stock, Shares Outstanding | 60 | 60 |
CONDENSED CONSOLIDATED STATEMEN
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Revenue: | ||||
Service income | $ 4,671 | $ 13,374 | $ 4,200 | |
Operating Expenses | ||||
Consulting and contractor expenses | 268,738 | 259,857 | 511,940 | 552,269 |
Research and development | 139,188 | 122,883 | 210,442 | 278,309 |
General and administrative expense | 84,331 | 67,565 | 204,264 | 85,787 |
Professional fees | 41,225 | 37,065 | 54,800 | 91,318 |
Vessel maintenance and dockage | 19,376 | 43,907 | 46,203 | 115,327 |
Travel and entertainment expense | 11,854 | 14,858 | 29,321 | 32,621 |
Rent expense | 12,363 | 9,531 | 21,474 | 21,298 |
Depreciation expense | 5,465 | 5,015 | 10,930 | 10,030 |
Total operating expenses | 582,540 | 560,681 | 1,089,374 | 1,186,959 |
Net loss from operations | (577,869) | (560,681) | (1,076,000) | (1,182,759) |
Other income (expense) | ||||
Interest expense | (15,984) | (56,069) | (70,087) | (143,760) |
Loss on extinguishment of debt | (40,243) | (77,589) | (34,375) | |
Dividend income | 1,500 | 3,000 | ||
Total other income (expenses) | (56,227) | (54,569) | (147,676) | (175,135) |
Net loss | $ (634,096) | $ (615,250) | $ (1,223,676) | $ (1,357,894) |
Basic and diluted loss per share | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted average shares outstanding | 4,991,316,919 | 4,855,622,457 | 4,886,341,827 | 4,836,166,036 |
CONDENSED CONSOLIDATED STATEM_2
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT - USD ($) | Preferred Stock [Member]Series A Preferred Stock [Member] | Preferred Stock [Member]Series B Preferred Stock [Member] | Common Stock [Member] | Common Stock To Be Issued [Member] | Unearned Compensation [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Beginning balance, value at Dec. 31, 2019 | $ 474,863 | $ 1,162 | $ 16,581,432 | $ (17,263,984) | $ (206,527) | |||
Balance begining, 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, Shares | 8,900,000 | |||||||
Stock issued to convert notes payable and accrued interest | $ 3,978 | 80,108 | 84,086 | |||||
Stock issued to convert accrued interest on convertible notes payable, Shares | 39,781,082 | |||||||
Net Loss | (742,644) | (742,644) | ||||||
Ending balance, value at Mar. 31, 2020 | $ 481,278 | $ 150 | 16,849,045 | (18,006,628) | (676,155) | |||
Shares, Outstanding, Ending Balance at Mar. 31, 2020 | 7 | 60 | 4,825,311,831 | 1,500,000 | ||||
Stock issued for services | $ 535 | 84,895 | 85,430 | |||||
Stock issued for services, Shares | 5,348,366 | |||||||
Beneficial conversion feature | 51,000 | 51,000 | ||||||
Shares reclassed from common stock to be issued | $ 1,012 | $ (1,012) | ||||||
Reclass from common stock to be issued, Shares | 10,120,000 | (10,120,000) | ||||||
Beginning balance, value at Dec. 31, 2019 | $ 474,863 | $ 1,162 | 16,581,432 | (17,263,984) | (206,527) | |||
Balance begining, shares at Dec. 31, 2019 | 7 | 60 | 4,761,162,383 | 11,620,000 | ||||
Common stock issued for cash | 434,599 | |||||||
Common stock issued for cash, Shares | 100,000,000 | |||||||
Stock issued to convert accrued interest on convertible notes payable, Shares | 39,781,082 | |||||||
Amortization of unearned compensation | 0 | |||||||
Net Loss | (1,357,894) | |||||||
Ending balance, value at Jun. 30, 2020 | $ 490,562 | $ 789 | 17,242,133 | (18,621,878) | (888,394) | |||
Shares, Outstanding, Ending Balance at Jun. 30, 2020 | 7 | 60 | 4,918,149,139 | 7,890,490 | ||||
Stock issued for services | 38,266 | |||||||
Stock issued for services, Shares | 6,085,674 | |||||||
Shares issued for charitable contribution | 9,700 | |||||||
Beginning balance, value at Mar. 31, 2020 | $ 481,278 | $ 150 | 16,849,045 | (18,006,628) | (676,155) | |||
Balance begining, shares at Mar. 31, 2020 | 7 | 60 | 4,825,311,831 | 1,500,000 | ||||
Common stock issued for cash | $ 9,110 | $ 571 | 372,418 | 382,099 | ||||
Common stock issued for cash, Shares | 91,100,000 | 5,714,286 | ||||||
Net Loss | (615,250) | (615,250) | ||||||
Ending balance, value at Jun. 30, 2020 | $ 490,562 | $ 789 | 17,242,133 | (18,621,878) | (888,394) | |||
Shares, Outstanding, Ending Balance at Jun. 30, 2020 | 7 | 60 | 4,918,149,139 | 7,890,490 | ||||
Stock issued for services | $ 74 | $ 68 | 11,070 | 11,212 | ||||
Stock issued for services, Shares | 737,308 | 676,204 | ||||||
Shares issued for charitable contribution | $ 100 | 9,600 | 9,700 | |||||
Shares issued for charitable contribution, Shares | 1,000,000 | |||||||
Beginning balance, value at Dec. 31, 2020 | $ 530,315 | $ 150 | $ (67,058) | 18,514,376 | (19,924,797) | (947,014) | ||
Balance begining, shares at Dec. 31, 2020 | 7 | 60 | 5,315,683,905 | 1,500,000 | ||||
Common stock issued for cash | $ 7,585 | 191,965 | 199,550 | |||||
Common stock issued for cash, Shares | 75,850,000 | |||||||
Stock issued to convert notes payable and accrued interest | $ 872 | 56,776 | 57,648 | |||||
Stock issued to convert accrued interest on convertible notes payable, Shares | 8,734,640 | |||||||
Amortization of unearned compensation | 18,801 | 18,801 | ||||||
Net Loss | (589,580) | (589,580) | ||||||
Ending balance, value at Mar. 31, 2021 | $ 538,772 | $ 150 | (48,257) | 18,763,117 | (20,514,377) | (1,260,595) | ||
Shares, Outstanding, Ending Balance at Mar. 31, 2021 | 7 | 60 | 5,400,268,545 | 1,500,000 | ||||
Beginning balance, value at Dec. 31, 2020 | $ 530,315 | $ 150 | (67,058) | 18,514,376 | (19,924,797) | (947,014) | ||
Balance begining, shares at Dec. 31, 2020 | 7 | 60 | 5,315,683,905 | 1,500,000 | ||||
Common stock issued for cash | 690,950 | |||||||
Common stock issued for cash, Shares | 283,583,334 | |||||||
Stock issued to convert notes payable and accrued interest | 84,086 | |||||||
Stock issued to convert accrued interest on convertible notes payable, Shares | 24,328,887 | |||||||
Amortization of unearned compensation | 37,811 | |||||||
Net Loss | (1,223,676) | |||||||
Ending balance, value at Jun. 30, 2021 | $ 562,477 | $ 3,692 | (52,747) | 19,375,851 | (21,148,473) | (1,259,200) | ||
Shares, Outstanding, Ending Balance at Jun. 30, 2021 | 7 | 60 | 5,637,352,280 | 36,917,000 | ||||
Stock issued for services | 38,092 | |||||||
Stock issued for services, Shares | 13,756,154 | |||||||
Reclass from common stock to be issued, Shares | (10,120,000) | |||||||
Shares issued for charitable contribution, Shares | 1,000,000 | |||||||
Beginning balance, value at Mar. 31, 2021 | $ 538,772 | $ 150 | (48,257) | 18,763,117 | (20,514,377) | (1,260,595) | ||
Balance begining, shares at Mar. 31, 2021 | 7 | 60 | 5,400,268,545 | 1,500,000 | ||||
Common stock issued for cash | $ 20,773 | $ 3,542 | 467,085 | 491,400 | ||||
Common stock issued for cash, Shares | 207,733,334 | 35,417,000 | ||||||
Stock issued to convert notes payable and accrued interest | $ 1,559 | 77,971 | 79,530 | |||||
Stock issued to convert accrued interest on convertible notes payable, Shares | 15,594,247 | |||||||
Amortization of unearned compensation | 19,010 | 19,010 | ||||||
Net Loss | (634,096) | (634,096) | ||||||
Ending balance, value at Jun. 30, 2021 | $ 562,477 | $ 3,692 | (52,747) | 19,375,851 | (21,148,473) | (1,259,200) | ||
Shares, Outstanding, Ending Balance at Jun. 30, 2021 | 7 | 60 | 5,637,352,280 | 36,917,000 | ||||
Stock issued for services | $ 1,373 | $ (23,500) | $ 67,678 | $ 45,551 | ||||
Stock issued for services, Shares | 13,756,154 |
CONDENSED CONSOLIDATED STATEM_3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) | 6 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net Loss | $ (1,223,676) | $ (1,357,894) |
Adjustments to reconcile net loss to net cash used by operating activities: | ||
Depreciation | 10,930 | 10,030 |
Amortization of right of use asset | 8,001 | |
Amortization of beneficial conversion feature and loan fees | 37,856 | 126,348 |
Amortization of unearned compensation | 37,811 | 0 |
Common stock issued for services | 38,092 | 38,266 |
Common stock issued for a charitable contribution | 9,700 | |
Loss on extinguishment of debt | 77,589 | 34,375 |
Decrease (increase) in: | ||
Prepaid expenses and deposits | 91,778 | 113,053 |
Deferred revenue | 140,000 | |
Increase (decrease) in: | ||
Accounts payable & accrued expenses | 41,867 | 8,445 |
Operating lease liabilities | (8,079) | |
Net cash used by operating activities | (747,753) | (1,017,755) |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Proceeds from the issuance of common stock | 687,407 | 434,599 |
Payments on convertible notes payable | 51,000 | |
Payments on notes payable | (30,000) | |
Payments to shareholders | 6,000 | |
Net cash provided by financing activities | 693,407 | 455,599 |
NET INCREASE IN CASH | (54,346) | (562,156) |
CASH, BEGINNING OF PERIOD | 186,873 | 618,537 |
CASH, END OF PERIOD | 132,527 | 56,381 |
Supplemental disclosure of cash flow information | ||
Cash paid for interest expense | ||
Cash paid for income taxes | ||
Non-cash operating and financing activities: | ||
Convertible debt and accrued interest converted to common stock | 67,086 | 84,086 |
Beneficial conversion feature on convertible notes payable | 51,000 | |
Stock issued for prepaid services | $ 23,500 | $ 24,000 |
DESCRIPTION OF BUSINESS
DESCRIPTION OF BUSINESS | 6 Months Ended |
Jun. 30, 2021 | |
Accounting Policies [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 Seafarers 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 Companys 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 service 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 products. |
GOING CONCERN
GOING CONCERN | 6 Months Ended |
Jun. 30, 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 $ 21,148,473 1,223,676 1,460,225 Failure to raise adequate capital and generate adequate revenues could result in the Company having to curtail or cease operations. The Companys 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 Companys 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 Companys 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-19s 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 | 6 Months Ended |
Jun. 30, 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 Companys condensed consolidated financial statements. The condensed consolidated financial statements and notes are representations of the Companys 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 June 30, 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 June 30, 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 $ 210,442 278,309 139,188 122,883 Revenue Recognition The Company recognizes revenue in accordance with the Financial Accounting Standards Boards (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 Companys 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 six month period ended June 30, 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 Earnings Per Share The Company has adopted 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 six month periods ended June 30, 2021 and 2020 were excluded from the dilutive loss per share calculation as they would be antidilutive due to the net loss. As of June 30, 2021 and 2020, there were approximately 612,810,663 603,690,191 Fair Value of Financial Instruments The carrying amounts of financial assets and liabilities, such as cash, accounts payable, accrued expenses and convertible notes payable 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 June 30, 2021, these are the only capital assets owned by the Company. Depreciation expense was $ 10,930 10,030 5,465 5,015 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 six month periods ended June 30, 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 six month periods ended June 30, 2021 and 2020 include the 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, Seafarers wholly owned subsidiary, Blockchain began operations, generated revenue and incurred expenses. The business of Blockchain has no relation to the Companys 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 six month periods ended June 30, 2021 and 2020 (see Note 9 – 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 Companys 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 Companys present or future consolidated financial statements. |
OPERATING LEASE AND RIGHT-OF-US
OPERATING LEASE AND RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES | 6 Months Ended |
Jun. 30, 2021 | |
Leases [Abstract] | |
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 Companys leases are not readily determinable. Operating lease expense is recognized on a straight-line basis over the lease term. During the six month periods ended June 30, 2021 and 2020, the Company recorded $ 9,202 7,890 4,601 3,945 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 1,519 1,564 1,611 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 June 30, 2021 and December 31, 2020 are summarized below: Schedule of right-of- use assets June 30, 2021 December 31, 2020 Office lease $ 48,957 $ 48,957 Less accumulated amortization (14,273 ) (6,966 ) Right of use assets, net $ 34,684 $ 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: Schedule of operating lease liabilities June 30, 2021 December 31, 2020 Office lease $ 35,250 $ 42,274 Less: current portion (15,185 ) (14,680 ) Long term portion $ 20,065 $ 27,594 Maturity of lease liabilities are as follows: Schedule of Maturity of lease liabilities Year ended December 31, 2021 $ 9,184 Year ended December 31, 2022 18,641 Year ended December 31, 2023 11,081 Total future minimum lease payments 38,906 Less: Present value discount (3,656 ) Lease liability $ 35,250 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 |
CONVERTIBLE NOTES PAYABLE AND N
CONVERTIBLE NOTES PAYABLE AND NOTES PAYABLE | 6 Months Ended |
Jun. 30, 2021 | |
Debt Disclosure [Abstract] | |
CONVERTIBLE NOTES PAYABLE AND NOTES PAYABLE | NOTE 5 – 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 June 30, 2021 and December 31, 2020: Schedule of Convertible Notes Payable Issue Date Maturity June 30, December 31, Rate Conversion Principal Principal Convertible notes payable Notes payable, Face Value 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 June 30, December 31, Rate Conversion Principal Principal Convertible notes payable - related parties Notes payable, Face Value 08/06/20 02/06/21 $ - $ 25,200 6.00% 0.0035 Notes payable, Face Value 08/06/20 02/06/21 - 35,000 6.00% 0.0035 Notes payable, Face Value 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 June 30, December 31, Rate Conversion Principal Principal Convertible notes payable - in default Notes payable, Face Value 08/28/09 11/01/09 $ 4,300 $ 4,300 10.00% 0.0150 Notes payable, Face Value 11/20/12 05/20/13 50,000 50,000 6.00% 0.0050 Notes payable, Face Value 01/19/13 07/30/13 5,000 5,000 6.00% 0.0040 Notes payable, Face Value 02/11/13 08/11/13 9,000 9,000 6.00% 0.0060 Notes payable, Face Value 09/25/13 03/25/14 10,000 10,000 6.00% 0.0125 Notes payable, Face Value 10/04/13 04/04/14 50,000 50,000 6.00% 0.0125 Notes payable, Face Value 10/30/13 10/30/14 50,000 50,000 6.00% 0.0125 Notes payable, Face Value 05/15/14 11/15/14 40,000 40,000 6.00% 0.0070 Notes payable, Face Value 10/13/14 04/13/15 - - 6.00% 0.0050 Notes payable, Face Value 09/18/15 03/18/16 25,000 25,000 6.00% 0.0020 Notes payable, Face Value 04/04/16 10/04/16 10,000 10,000 6.00% 0.0010 Notes payable, Face Value 07/19/16 07/19/17 4,000 4,000 6.00% 0.0015 Notes payable, Face Value 08/24/16 02/24/17 - - 6.00% 0.0010 Notes payable, Face Value 03/06/18 09/06/18 6,000 6,000 6.00% 0.0006 Notes payable, Face Value 02/06/18 11/07/18 6,000 6,000 6.00% 0.0006 Notes payable, Face Value 10/29/18 04/29/19 3,000 3,000 6.00% 0.0007 Notes payable, Face Value 01/03/19 07/03/19 1,000 1,000 6.00% 0.0010 Notes payable, Face Value 03/16/19 09/16/19 10,000 10,000 6.00% 0.0010 Notes payable, Face Value 09/04/19 03/04/20 25,000 25,000 6.00% 0.0030 Balance convertible notes payable - in default $ 308,300 $ 308,300 Issue Date Maturity June 30, December 31, Rate Conversion Principal Principal Convertible notes payable - related parties, in default Notes payable, Face Value 01/09/09 01/09/10 $ 10,000 $ 10,000 10.00% 0.0150 Notes payable, Face Value 01/25/10 01/25/11 6,000 6,000 6.00% 0.0050 Notes payable, Face Value 01/18/12 07/18/12 50,000 50,000 8.00% 0.0040 Notes payable, Face Value 01/19/13 07/30/13 15,000 15,000 6.00% 0.0040 Notes payable, Face Value 07/26/13 01/26/14 10,000 10,000 6.00% 0.0100 Notes payable, Face Value 01/17/14 07/17/14 31,500 31,500 6.00% 0.0060 Notes payable, Face Value 05/27/14 11/27/14 7,000 7,000 6.00% 0.0070 Notes payable, Face Value 07/21/14 01/25/15 17,000 17,000 6.00% 0.0080 Notes payable, Face Value 10/16/14 04/16/15 21,000 21,000 6.00% 0.0045 Notes payable, Face Value 07/14/15 01/14/16 9,000 9,000 6.00% 0.0030 Notes payable, Face Value 01/12/16 07/12/16 5,000 5,000 6.00% 0.0020 Notes payable, Face Value 05/10/16 11/10/16 5,000 5,000 6.00% 0.0005 Notes payable, Face Value 05/10/16 11/10/16 5,000 5,000 6.00% 0.0005 Notes payable, Face Value 05/20/16 11/20/16 5,000 5,000 6.00% 0.0005 Notes payable, Face Value 07/12/16 01/12/17 2,400 2,400 6.00% 0.0006 Notes payable, Face Value 01/26/17 03/12/17 5,000 5,000 6.00% 0.0005 Notes payable, Face Value 02/14/17 08/14/17 25,000 25,000 6.00% 0.0008 Notes payable, Face Value 08/16/17 09/16/17 3,000 3,000 6.00% 0.0008 Notes payable, Face Value 03/14/18 05/14/18 25,000 25,000 6.00% 0.0007 Notes payable, Face Value 04/04/18 06/04/18 3,000 3,000 6.00% 0.0007 Notes payable, Face Value 04/11/18 06/11/18 25,000 25,000 6.00% 0.0007 Notes payable, Face Value 05/08/18 07/08/18 25,000 25,000 6.00% 0.0007 Notes payable, Face Value 05/30/18 08/30/18 25,000 25,000 6.00% 0.0007 Notes payable, Face Value 06/12/18 09/12/18 3,000 3,000 6.00% 0.0007 Notes payable, Face Value 06/20/18 09/12/18 500 500 6.00% 0.0007 Notes payable, Face Value 01/09/18 01/09/19 12,000 12,000 6.00% 0.0006 Notes payable, Face Value 08/27/18 02/27/19 2,000 2,000 6.00% 0.0007 Notes payable, Face Value 10/02/18 04/02/19 1,000 1,000 6.00% 0.0008 Notes payable, Face Value 10/23/18 04/23/19 4,200 4,200 6.00% 0.0007 Notes payable, Face Value 11/07/18 05/07/19 2,000 2,000 6.00% 0.0008 Notes payable, Face Value 11/14/18 05/14/19 8,000 8,000 6.00% 0.0008 Notes payable, Face Value 01/08/19 07/08/19 7,000 7,000 6.00% 0.0008 Notes payable, Face Value 04/25/19 12/23/19 20,000 20,000 6.00% 0.0040 Notes payable, Face Value 06/07/19 12/07/19 5,100 5,100 6.00% 0.0030 Notes payable, Face Value 09/17/19 04/17/20 12,000 12,000 6.00% 0.0030 Notes payable, Face Value 11/12/19 05/12/20 25,000 25,000 6.00% 0.0025 Notes payable, Face Value 11/26/19 05/26/20 25,200 25,200 6.00% 0.0030 Notes payable, Face Value 12/03/19 06/03/20 15,000 15,000 6.00% 0.0030 Notes payable, Face Value 01/07/20 06/20/20 51,000 51,000 6.00% 0.0030 Notes payable, Face Value 08/06/20 02/06/21 25,200 - 6.00% 0.0035 Notes payable, Face Value 08/06/20 02/06/21 35,000 - 6.00% 0.0035 Notes payable, Face Value 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 $ 946,800 $ 953,944 Notes Payable The following tables reflect the notes payable at June 30, 2021 and December 31, 2020: Schedule of Notes Payable Issue Date Maturity June 30, December 31, Rate Principal Principal Notes payable - in default Notes payable, Face Value 04/27/11 04/27/12 $ 5,000 $ 5,000 6.00% Notes payable, Face Value 12/14/17 12/14/18 20,000 20,000 6.00% Notes payable, Face Value 11/29/17 11/29/19 105,000 105,000 2.06% Balance notes payable – default $ 130,000 $ 130,000 Issue Date Maturity June 30, December 31, Rate Principal Principal Notes payable - related parties, in default Notes payable, Face Value 02/24/10 02/24/11 $ 7,500 $ 7,500 6.00% Notes payable, Face Value 10/06/15 11/15/15 10,000 10,000 6.00% Notes payable, Face Value 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 Six Month Period Ended June 30, 2021 and 2020 During the six month period ended June 30, 2021, the Company did not enter into any Convertible Notes Payable or Notes Payable Agreements. During the six month period ended June 30, 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 lenders option into shares of the Companys common stock at a rate of $0.003 per share. Note Conversions During the six month period ended June 30, 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 with a total share value of $57,648 The Company issued 15,594,247 shares of restricted common stock to a convertible note holder to settle $45,000 of the principal balance and $1,783 of accrued on a convertible notes payable with a total share value of $79,530. During the six month period ended June 30, 2020: The Company issued 39,781,082 shares of restricted common stock to settle $84,086 of principal and accrued interest owed on six convertible notes payable. Shareholder Loan At June 30, 2021 and December 31, 2020, the Company had loans outstanding to its CEO in the total amount of $ 7,500 1,500 - A loan due and payable on October 26, 2021 in the amount of $ 6,000 - A loan with no due date in the amount of $ 1,500 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 | 6 Months Ended |
Jun. 30, 2021 | |
Equity [Abstract] | |
STOCKHOLDERS’ DEFICIT | NOTE 6 – STOCKHOLDERS DEFICIT Common Stock Issuances During the six month period ended June 30, 2021, the Company issued or is to issue the following shares of common stock: - 283,583,334 690,950 - 24,328,887 77,589 - 13,756,154 During the six month period ended June 30, 2020, the Company issued or is to issue the following shares of common stock: - 100,000,000 434,599 - 39,781,082 84,086 - 6,085,674 - 10,120,000 - 1,000,000 9,700 Series A Preferred Stock At June 30, 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 Companys 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 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. Warrants and Options The Company did not issue any warrants or options during the six month periods ended June 30, 2021 and 2020. The following table shows the warrants outstanding at June 30, 2021: Schedule of Warrants Outstanding Number of Weighted Average Weighted Average Average Warrants Exercise Price Remaining Life (Years) Intrinsic Value Outstanding, December 31, 2020 4,000,000 0.0050 1.92 0.0013 Exercisable, December 31, 2020 4,000,000 $ 0.0050 1.92 $ 0.0013 Granted - - - - Forfeited or expired - - - - Exercised - - - - 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 Granted - - - - Forfeited or expired - - - - Exercised - - - - Outstanding, June 30, 2021 4,000,000 0.0050 1.42 0.0010 Exercisable, June 30, 2021 4,000,000 0.0050 1.42 0.0010 |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 6 Months Ended |
Jun. 30, 2021 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTINGENCIES | NOTE 7 – 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 Seafarers Quest, LLC for the purpose of exploring a shipwreck site off of Melbourne Beach, Florida. Seafarer owns 50% of Seafarers Quest, LLC and is handling the operations on behalf of Seafarers Quest. To date there has been no significant financial activity in Seafarers Quest. Under the partnership with MAP, Seafarer is the designated manager of Seafarers 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 Companys name. The State of Florida Bureau of Archeological Research (FBAR) had ordered the Company not to disturb the oceans bottom while the changes and updates to the Companys 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 Seafarers 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 | 6 Months Ended |
Jun. 30, 2021 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | NOTE 8 – RELATED PARTY TRANSACTIONS During the six month period ended June 30, 2021, the Company has had extensive dealings with related parties including the following: In April of 2021, Seafarers CEO provided a loan to the Company in the amount of $ 6,000 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. Beginning in January of 2021, the Company began paying its CEO a salary of approximately $ 28,750 158,126 28,820 57,500 28,820 During the six month period ended June 30, 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 member of the Board of Directors 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 Service, including periodically assessing the Companys business and advising management with respect to an appropriate business strategy on an ongoing basis, commenting on proposed corporate decisions, performing 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 Companys agreements and books and records. The consultant provides the services under the direction and supervision of the Companys CEO. During the six month periods ended June 30, 2021 and 2020, the Company paid consulting fees of $ 5,000 25,000 1,000 1,425 The Company has an ongoing agreement with a limited liability company that is owned and controlled by a person who is related to the Companys CEO to provide stock transfer agency services. During the six month periods ended June 30, 2021 and 2020, the Company paid the related party fees of $ 7,675 525 825 0 During the six month periods ended June 30, 2021 and 2020, the Company paid a related party consultant fees of $ 20,000 10,000 3,000 0 Shareholder Loan At June 30, 2021 and the Company had a two loans outstanding to its CEO in the total amount of $ 7,500 6,000 1,500 At June 30, 2020, the following promissory notes and shareholder loans were outstanding to related parties: See Note 5 convertible notes payable – related parties, convertible notes payable – related parties, in default, and notes payable - related parties, in default. |
SEGMENT INFORMATION
SEGMENT INFORMATION | 6 Months Ended |
Jun. 30, 2021 | |
Segment Reporting [Abstract] | |
SEGMENT INFORMATION | NOTE 9 – SEGMENT INFORMATION Seafarers wholly owned subsidiary Blockchain began operations in 2019 by providing referrals in exchange for referral fees for closed business. Due to Blockchain starting operations which have no relation to the Companys 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 six month periods ended June 30, 2021 and 2020 incurred by the two separate segments below. During the six month periods ended June 30, 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 Companys two operating segments for the six month period ended June 30, 2021 is as follows: Schedule of Segment Reporting Information, by Segment June 30, 2021 June 30, 2021 June 30, 2021 Blockchain LogisTech, LLC Seafarer Exploration Corp. Consolidated Service revenues $ - $ 13,374 $ 13,374 Total operating expenses 20,392 1,068,982 1,089,374 Net loss from operations $ (20,392 ) $ (1,055,608 ) $ (1,076,000 ) Segment information relating to the Companys two operating segments for the six month period ended June 30, 2020 is as follows: June 30, 2020 June 30, 2020 June 30, 2020 Blockchain LogisTech, LLC Seafarer Exploration Corp. Consolidated Service revenues $ 4,200 $ - $ 4,200 Total operating expenses 10,856 1,176,103 1,186,959 Net loss from operations $ (6,656 ) $ (1,176,103 ) $ (1,182,759 ) |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 6 Months Ended |
Jun. 30, 2021 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 10 – SUBSEQUENT EVENTS Subsequent to June 30, 2021, the Company issued or has agreed to issue shares of its common stock as follows (i) sales of 60,500,000 shares of common stock under subscription agreements for proceeds of approximately $ 141,000 ; and (ii) issuance of 150,000 150 |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 6 Months Ended |
Jun. 30, 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 June 30, 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 June 30, 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 $ 210,442 278,309 139,188 122,883 |
Revenue Recognition | Revenue Recognition The Company recognizes revenue in accordance with the Financial Accounting Standards Boards (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 Companys 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 six month period ended June 30, 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 |
Earnings Per Share | Earnings Per Share The Company has adopted 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 six month periods ended June 30, 2021 and 2020 were excluded from the dilutive loss per share calculation as they would be antidilutive due to the net loss. As of June 30, 2021 and 2020, there were approximately 612,810,663 603,690,191 |
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 and convertible notes payable approximate their fair values because of the short maturity of these instruments. |
Property, Plant 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 June 30, 2021, these are the only capital assets owned by the Company. Depreciation expense was $ 10,930 10,030 5,465 5,015 |
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 six month periods ended June 30, 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 six month periods ended June 30, 2021 and 2020 include the 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, Seafarers wholly owned subsidiary, Blockchain began operations, generated revenue and incurred expenses. The business of Blockchain has no relation to the Companys 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 six month periods ended June 30, 2021 and 2020 (see Note 9 – 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 Companys 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 Companys present or future consolidated financial statements. |
OPERATING LEASE AND RIGHT-OF-_2
OPERATING LEASE AND RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Leases [Abstract] | |
Schedule of right-of- use assets | Right-of-use assets at June 30, 2021 and December 31, 2020 are summarized below: Schedule of right-of- use assets |
OPERATING LEASE AND RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES | June 30, 2021 December 31, 2020 Office lease $ 48,957 $ 48,957 Less accumulated amortization (14,273 ) (6,966 ) Right of use assets, net $ 34,684 $ 41,991 |
Schedule of operating lease liabilities | Operating Lease liabilities are summarized below: Schedule of operating lease liabilities |
OPERATING LEASE AND RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Details 2) | June 30, 2021 December 31, 2020 Office lease $ 35,250 $ 42,274 Less: current portion (15,185 ) (14,680 ) Long term portion $ 20,065 $ 27,594 |
Schedule of Maturity of lease liabilities | Maturity of lease liabilities are as follows: Schedule of Maturity of lease liabilities |
OPERATING LEASE AND RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Details 3) | Year ended December 31, 2021 $ 9,184 Year ended December 31, 2022 18,641 Year ended December 31, 2023 11,081 Total future minimum lease payments 38,906 Less: Present value discount (3,656 ) Lease liability $ 35,250 |
CONVERTIBLE NOTES PAYABLE AND_2
CONVERTIBLE NOTES PAYABLE AND NOTES PAYABLE (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Debt Disclosure [Abstract] | |
Schedule of Convertible Notes Payable | The following tables reflect the convertible notes payable at June 30, 2021 and December 31, 2020: Schedule of Convertible Notes Payable Issue Date Maturity June 30, December 31, Rate Conversion Principal Principal Convertible notes payable Notes payable, Face Value 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 June 30, December 31, Rate Conversion Principal Principal Convertible notes payable - related parties Notes payable, Face Value 08/06/20 02/06/21 $ - $ 25,200 6.00% 0.0035 Notes payable, Face Value 08/06/20 02/06/21 - 35,000 6.00% 0.0035 Notes payable, Face Value 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 June 30, December 31, Rate Conversion Principal Principal Convertible notes payable - in default Notes payable, Face Value 08/28/09 11/01/09 $ 4,300 $ 4,300 10.00% 0.0150 Notes payable, Face Value 11/20/12 05/20/13 50,000 50,000 6.00% 0.0050 Notes payable, Face Value 01/19/13 07/30/13 5,000 5,000 6.00% 0.0040 Notes payable, Face Value 02/11/13 08/11/13 9,000 9,000 6.00% 0.0060 Notes payable, Face Value 09/25/13 03/25/14 10,000 10,000 6.00% 0.0125 Notes payable, Face Value 10/04/13 04/04/14 50,000 50,000 6.00% 0.0125 Notes payable, Face Value 10/30/13 10/30/14 50,000 50,000 6.00% 0.0125 Notes payable, Face Value 05/15/14 11/15/14 40,000 40,000 6.00% 0.0070 Notes payable, Face Value 10/13/14 04/13/15 - - 6.00% 0.0050 Notes payable, Face Value 09/18/15 03/18/16 25,000 25,000 6.00% 0.0020 Notes payable, Face Value 04/04/16 10/04/16 10,000 10,000 6.00% 0.0010 Notes payable, Face Value 07/19/16 07/19/17 4,000 4,000 6.00% 0.0015 Notes payable, Face Value 08/24/16 02/24/17 - - 6.00% 0.0010 Notes payable, Face Value 03/06/18 09/06/18 6,000 6,000 6.00% 0.0006 Notes payable, Face Value 02/06/18 11/07/18 6,000 6,000 6.00% 0.0006 Notes payable, Face Value 10/29/18 04/29/19 3,000 3,000 6.00% 0.0007 Notes payable, Face Value 01/03/19 07/03/19 1,000 1,000 6.00% 0.0010 Notes payable, Face Value 03/16/19 09/16/19 10,000 10,000 6.00% 0.0010 Notes payable, Face Value 09/04/19 03/04/20 25,000 25,000 6.00% 0.0030 Balance convertible notes payable - in default $ 308,300 $ 308,300 Issue Date Maturity June 30, December 31, Rate Conversion Principal Principal Convertible notes payable - related parties, in default Notes payable, Face Value 01/09/09 01/09/10 $ 10,000 $ 10,000 10.00% 0.0150 Notes payable, Face Value 01/25/10 01/25/11 6,000 6,000 6.00% 0.0050 Notes payable, Face Value 01/18/12 07/18/12 50,000 50,000 8.00% 0.0040 Notes payable, Face Value 01/19/13 07/30/13 15,000 15,000 6.00% 0.0040 Notes payable, Face Value 07/26/13 01/26/14 10,000 10,000 6.00% 0.0100 Notes payable, Face Value 01/17/14 07/17/14 31,500 31,500 6.00% 0.0060 Notes payable, Face Value 05/27/14 11/27/14 7,000 7,000 6.00% 0.0070 Notes payable, Face Value 07/21/14 01/25/15 17,000 17,000 6.00% 0.0080 Notes payable, Face Value 10/16/14 04/16/15 21,000 21,000 6.00% 0.0045 Notes payable, Face Value 07/14/15 01/14/16 9,000 9,000 6.00% 0.0030 Notes payable, Face Value 01/12/16 07/12/16 5,000 5,000 6.00% 0.0020 Notes payable, Face Value 05/10/16 11/10/16 5,000 5,000 6.00% 0.0005 Notes payable, Face Value 05/10/16 11/10/16 5,000 5,000 6.00% 0.0005 Notes payable, Face Value 05/20/16 11/20/16 5,000 5,000 6.00% 0.0005 Notes payable, Face Value 07/12/16 01/12/17 2,400 2,400 6.00% 0.0006 Notes payable, Face Value 01/26/17 03/12/17 5,000 5,000 6.00% 0.0005 Notes payable, Face Value 02/14/17 08/14/17 25,000 25,000 6.00% 0.0008 Notes payable, Face Value 08/16/17 09/16/17 3,000 3,000 6.00% 0.0008 Notes payable, Face Value 03/14/18 05/14/18 25,000 25,000 6.00% 0.0007 Notes payable, Face Value 04/04/18 06/04/18 3,000 3,000 6.00% 0.0007 Notes payable, Face Value 04/11/18 06/11/18 25,000 25,000 6.00% 0.0007 Notes payable, Face Value 05/08/18 07/08/18 25,000 25,000 6.00% 0.0007 Notes payable, Face Value 05/30/18 08/30/18 25,000 25,000 6.00% 0.0007 Notes payable, Face Value 06/12/18 09/12/18 3,000 3,000 6.00% 0.0007 Notes payable, Face Value 06/20/18 09/12/18 500 500 6.00% 0.0007 Notes payable, Face Value 01/09/18 01/09/19 12,000 12,000 6.00% 0.0006 Notes payable, Face Value 08/27/18 02/27/19 2,000 2,000 6.00% 0.0007 Notes payable, Face Value 10/02/18 04/02/19 1,000 1,000 6.00% 0.0008 Notes payable, Face Value 10/23/18 04/23/19 4,200 4,200 6.00% 0.0007 Notes payable, Face Value 11/07/18 05/07/19 2,000 2,000 6.00% 0.0008 Notes payable, Face Value 11/14/18 05/14/19 8,000 8,000 6.00% 0.0008 Notes payable, Face Value 01/08/19 07/08/19 7,000 7,000 6.00% 0.0008 Notes payable, Face Value 04/25/19 12/23/19 20,000 20,000 6.00% 0.0040 Notes payable, Face Value 06/07/19 12/07/19 5,100 5,100 6.00% 0.0030 Notes payable, Face Value 09/17/19 04/17/20 12,000 12,000 6.00% 0.0030 Notes payable, Face Value 11/12/19 05/12/20 25,000 25,000 6.00% 0.0025 Notes payable, Face Value 11/26/19 05/26/20 25,200 25,200 6.00% 0.0030 Notes payable, Face Value 12/03/19 06/03/20 15,000 15,000 6.00% 0.0030 Notes payable, Face Value 01/07/20 06/20/20 51,000 51,000 6.00% 0.0030 Notes payable, Face Value 08/06/20 02/06/21 25,200 - 6.00% 0.0035 Notes payable, Face Value 08/06/20 02/06/21 35,000 - 6.00% 0.0035 Notes payable, Face Value 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 $ 946,800 $ 953,944 |
[custom:DisclosureConvertibleNotesPayableAndNotesPayableDetailsAbstract] | Issue Date Maturity June 30, December 31, Rate Conversion Principal Principal Convertible notes payable Notes payable, Face Value 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 June 30, December 31, Rate Conversion Principal Principal Convertible notes payable - related parties Notes payable, Face Value 08/06/20 02/06/21 $ - $ 25,200 6.00% 0.0035 Notes payable, Face Value 08/06/20 02/06/21 - 35,000 6.00% 0.0035 Notes payable, Face Value 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 June 30, December 31, Rate Conversion Principal Principal Convertible notes payable - in default Notes payable, Face Value 08/28/09 11/01/09 $ 4,300 $ 4,300 10.00% 0.0150 Notes payable, Face Value 11/20/12 05/20/13 50,000 50,000 6.00% 0.0050 Notes payable, Face Value 01/19/13 07/30/13 5,000 5,000 6.00% 0.0040 Notes payable, Face Value 02/11/13 08/11/13 9,000 9,000 6.00% 0.0060 Notes payable, Face Value 09/25/13 03/25/14 10,000 10,000 6.00% 0.0125 Notes payable, Face Value 10/04/13 04/04/14 50,000 50,000 6.00% 0.0125 Notes payable, Face Value 10/30/13 10/30/14 50,000 50,000 6.00% 0.0125 Notes payable, Face Value 05/15/14 11/15/14 40,000 40,000 6.00% 0.0070 Notes payable, Face Value 10/13/14 04/13/15 - - 6.00% 0.0050 Notes payable, Face Value 09/18/15 03/18/16 25,000 25,000 6.00% 0.0020 Notes payable, Face Value 04/04/16 10/04/16 10,000 10,000 6.00% 0.0010 Notes payable, Face Value 07/19/16 07/19/17 4,000 4,000 6.00% 0.0015 Notes payable, Face Value 08/24/16 02/24/17 - - 6.00% 0.0010 Notes payable, Face Value 03/06/18 09/06/18 6,000 6,000 6.00% 0.0006 Notes payable, Face Value 02/06/18 11/07/18 6,000 6,000 6.00% 0.0006 Notes payable, Face Value 10/29/18 04/29/19 3,000 3,000 6.00% 0.0007 Notes payable, Face Value 01/03/19 07/03/19 1,000 1,000 6.00% 0.0010 Notes payable, Face Value 03/16/19 09/16/19 10,000 10,000 6.00% 0.0010 Notes payable, Face Value 09/04/19 03/04/20 25,000 25,000 6.00% 0.0030 Balance convertible notes payable - in default $ 308,300 $ 308,300 Issue Date Maturity June 30, December 31, Rate Conversion Principal Principal Convertible notes payable - related parties, in default Notes payable, Face Value 01/09/09 01/09/10 $ 10,000 $ 10,000 10.00% 0.0150 Notes payable, Face Value 01/25/10 01/25/11 6,000 6,000 6.00% 0.0050 Notes payable, Face Value 01/18/12 07/18/12 50,000 50,000 8.00% 0.0040 Notes payable, Face Value 01/19/13 07/30/13 15,000 15,000 6.00% 0.0040 Notes payable, Face Value 07/26/13 01/26/14 10,000 10,000 6.00% 0.0100 Notes payable, Face Value 01/17/14 07/17/14 31,500 31,500 6.00% 0.0060 Notes payable, Face Value 05/27/14 11/27/14 7,000 7,000 6.00% 0.0070 Notes payable, Face Value 07/21/14 01/25/15 17,000 17,000 6.00% 0.0080 Notes payable, Face Value 10/16/14 04/16/15 21,000 21,000 6.00% 0.0045 Notes payable, Face Value 07/14/15 01/14/16 9,000 9,000 6.00% 0.0030 Notes payable, Face Value 01/12/16 07/12/16 5,000 5,000 6.00% 0.0020 Notes payable, Face Value 05/10/16 11/10/16 5,000 5,000 6.00% 0.0005 Notes payable, Face Value 05/10/16 11/10/16 5,000 5,000 6.00% 0.0005 Notes payable, Face Value 05/20/16 11/20/16 5,000 5,000 6.00% 0.0005 Notes payable, Face Value 07/12/16 01/12/17 2,400 2,400 6.00% 0.0006 Notes payable, Face Value 01/26/17 03/12/17 5,000 5,000 6.00% 0.0005 Notes payable, Face Value 02/14/17 08/14/17 25,000 25,000 6.00% 0.0008 Notes payable, Face Value 08/16/17 09/16/17 3,000 3,000 6.00% 0.0008 Notes payable, Face Value 03/14/18 05/14/18 25,000 25,000 6.00% 0.0007 Notes payable, Face Value 04/04/18 06/04/18 3,000 3,000 6.00% 0.0007 Notes payable, Face Value 04/11/18 06/11/18 25,000 25,000 6.00% 0.0007 Notes payable, Face Value 05/08/18 07/08/18 25,000 25,000 6.00% 0.0007 Notes payable, Face Value 05/30/18 08/30/18 25,000 25,000 6.00% 0.0007 Notes payable, Face Value 06/12/18 09/12/18 3,000 3,000 6.00% 0.0007 Notes payable, Face Value 06/20/18 09/12/18 500 500 6.00% 0.0007 Notes payable, Face Value 01/09/18 01/09/19 12,000 12,000 6.00% 0.0006 Notes payable, Face Value 08/27/18 02/27/19 2,000 2,000 6.00% 0.0007 Notes payable, Face Value 10/02/18 04/02/19 1,000 1,000 6.00% 0.0008 Notes payable, Face Value 10/23/18 04/23/19 4,200 4,200 6.00% 0.0007 Notes payable, Face Value 11/07/18 05/07/19 2,000 2,000 6.00% 0.0008 Notes payable, Face Value 11/14/18 05/14/19 8,000 8,000 6.00% 0.0008 Notes payable, Face Value 01/08/19 07/08/19 7,000 7,000 6.00% 0.0008 Notes payable, Face Value 04/25/19 12/23/19 20,000 20,000 6.00% 0.0040 Notes payable, Face Value 06/07/19 12/07/19 5,100 5,100 6.00% 0.0030 Notes payable, Face Value 09/17/19 04/17/20 12,000 12,000 6.00% 0.0030 Notes payable, Face Value 11/12/19 05/12/20 25,000 25,000 6.00% 0.0025 Notes payable, Face Value 11/26/19 05/26/20 25,200 25,200 6.00% 0.0030 Notes payable, Face Value 12/03/19 06/03/20 15,000 15,000 6.00% 0.0030 Notes payable, Face Value 01/07/20 06/20/20 51,000 51,000 6.00% 0.0030 Notes payable, Face Value 08/06/20 02/06/21 25,200 - 6.00% 0.0035 Notes payable, Face Value 08/06/20 02/06/21 35,000 - 6.00% 0.0035 Notes payable, Face Value 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 $ 946,800 $ 953,944 |
Schedule of Notes Payable | The following tables reflect the notes payable at June 30, 2021 and December 31, 2020: Schedule of Notes Payable |
CONVERTIBLE NOTES PAYABLE AND NOTES PAYABLE (Details2) | Issue Date Maturity June 30, December 31, Rate Principal Principal Notes payable - in default Notes payable, Face Value 04/27/11 04/27/12 $ 5,000 $ 5,000 6.00% Notes payable, Face Value 12/14/17 12/14/18 20,000 20,000 6.00% Notes payable, Face Value 11/29/17 11/29/19 105,000 105,000 2.06% Balance notes payable – default $ 130,000 $ 130,000 Issue Date Maturity June 30, December 31, Rate Principal Principal Notes payable - related parties, in default Notes payable, Face Value 02/24/10 02/24/11 $ 7,500 $ 7,500 6.00% Notes payable, Face Value 10/06/15 11/15/15 10,000 10,000 6.00% Notes payable, Face Value 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) | 6 Months Ended |
Jun. 30, 2021 | |
Equity [Abstract] | |
Schedule of Warrants Outstanding | The following table shows the warrants outstanding at June 30, 2021: Schedule of Warrants Outstanding |
STOCKHOLDERS' DEFICIT | Number of Weighted Average Weighted Average Average Warrants Exercise Price Remaining Life (Years) Intrinsic Value Outstanding, December 31, 2020 4,000,000 0.0050 1.92 0.0013 Exercisable, December 31, 2020 4,000,000 $ 0.0050 1.92 $ 0.0013 Granted - - - - Forfeited or expired - - - - Exercised - - - - 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 Granted - - - - Forfeited or expired - - - - Exercised - - - - Outstanding, June 30, 2021 4,000,000 0.0050 1.42 0.0010 Exercisable, June 30, 2021 4,000,000 0.0050 1.42 0.0010 |
SEGMENT INFORMATION (Tables)
SEGMENT INFORMATION (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Segment Reporting [Abstract] | |
Schedule of Segment Reporting Information, by Segment | Segment information relating to the Companys two operating segments for the six month period ended June 30, 2021 is as follows: Schedule of Segment Reporting Information, by Segment June 30, 2021 June 30, 2021 June 30, 2021 Blockchain LogisTech, LLC Seafarer Exploration Corp. Consolidated Service revenues $ - $ 13,374 $ 13,374 Total operating expenses 20,392 1,068,982 1,089,374 Net loss from operations $ (20,392 ) $ (1,055,608 ) $ (1,076,000 ) Segment information relating to the Companys two operating segments for the six month period ended June 30, 2020 is as follows: June 30, 2020 June 30, 2020 June 30, 2020 Blockchain LogisTech, LLC Seafarer Exploration Corp. Consolidated Service revenues $ 4,200 $ - $ 4,200 Total operating expenses 10,856 1,176,103 1,186,959 Net loss from operations $ (6,656 ) $ (1,176,103 ) $ (1,182,759 ) |
[custom:DisclosureSegmentInformationDetailsAbstract] | June 30, 2021 June 30, 2021 June 30, 2021 Blockchain LogisTech, LLC Seafarer Exploration Corp. Consolidated Service revenues $ - $ 13,374 $ 13,374 Total operating expenses 20,392 1,068,982 1,089,374 Net loss from operations $ (20,392 ) $ (1,055,608 ) $ (1,076,000 ) Segment information relating to the Companys two operating segments for the six month period ended June 30, 2020 is as follows: June 30, 2020 June 30, 2020 June 30, 2020 Blockchain LogisTech, LLC Seafarer Exploration Corp. Consolidated Service revenues $ 4,200 $ - $ 4,200 Total operating expenses 10,856 1,176,103 1,186,959 Net loss from operations $ (6,656 ) $ (1,176,103 ) $ (1,182,759 ) |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | |||||
Jun. 30, 2021 | Mar. 31, 2021 | Jun. 30, 2020 | Mar. 31, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||||||
Retained Earnings (Accumulated Deficit) | $ 21,148,473 | $ 21,148,473 | $ 19,924,797 | ||||
Net Income (Loss) Attributable to Parent | 634,096 | $ 589,580 | $ 615,250 | $ 742,644 | 1,223,676 | $ 1,357,894 | |
Working Capital Defecit | $ 1,460,225 | $ 1,460,225 |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | |
Accounting Policies [Abstract] | |||||
Research and Development Expense | $ 139,188 | $ 122,883 | $ 210,442 | $ 278,309 | |
Deferred Revenue | 140,000 | $ 140,000 | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 612,810,663 | 603,690,191 | |||
Depreciation | $ 5,465 | $ 5,015 | $ 10,930 | $ 10,030 |
OPERATING LEASE AND RIGHT-OF-_3
OPERATING LEASE AND RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Details) - USD ($) | Jun. 30, 2021 | Dec. 31, 2020 |
Leases [Abstract] | ||
Office lease | $ 48,957 | $ 48,957 |
Less accumulated amortization | (14,273) | (6,966) |
Right of use assets, net | $ 34,684 | $ 41,991 |
OPERATING LEASE AND RIGHT-OF-_4
OPERATING LEASE AND RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Details 2) - USD ($) | Jun. 30, 2021 | Dec. 31, 2020 |
Leases [Abstract] | ||
Office lease | $ 35,250 | $ 42,274 |
Less: current portion | (15,185) | (14,680) |
Long term portion | $ 20,065 | $ 27,594 |
OPERATING LEASE AND RIGHT-OF-_5
OPERATING LEASE AND RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Details 3) - USD ($) | Jun. 30, 2021 | Dec. 31, 2020 |
Leases [Abstract] | ||
Year ended December 31, 2021 | $ 9,184 | |
Year ended December 31, 2022 | 18,641 | |
Year ended December 31, 2023 | 11,081 | |
Total future minimum lease payments | 38,906 | |
Less: Present value discount | (3,656) | |
Lease liability | $ 35,250 | $ 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 | 6 Months Ended | 12 Months Ended | ||||
Jul. 31, 2023 | Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 | |
Leases [Abstract] | ||||||||
Operating Lease, Expense | $ 4,601 | $ 3,945 | $ 9,202 | $ 7,890 | ||||
Lease monthly rental | $ 1,611 | $ 12,363 | $ 9,531 | $ 21,474 | $ 21,298 | $ 1,564 | $ 1,519 | $ 1,475 |
CONVERTIBLE NOTES PAYABLE AND_3
CONVERTIBLE NOTES PAYABLE AND NOTES PAYABLE (Details) - USD ($) | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | |
Short-term Debt [Line Items] | |||
Balance convertible notes payable | $ 31,575 | ||
Less unamortized discounts | 0 | 24,431 | |
Balance convertible notes payable - related parties | 86,169 | ||
Convertible Notes Payable [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | 45,000 | ||
Less unamortized discounts | (13,425) | ||
Balance convertible notes payable | 31,575 | ||
Convertible Notes Payable [Member] | Notes Issued 090120 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 45,000 | ||
Debt Instrument, Issuance Date | Sep. 1, 2020 | ||
Debt Instrument, Maturity Date | Mar. 1, 2021 | ||
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0030 | ||
Convertible Notes Payable Related Party [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 110,600 | ||
Less unamortized discounts | (24,431) | ||
Balance convertible notes payable - related parties | 86,169 | ||
Convertible Notes Payable Related Party [Member] | Notes Issued 080620 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 25,200 | ||
Debt Instrument, Issuance Date | Aug. 6, 2020 | ||
Debt Instrument, Maturity Date | Feb. 6, 2021 | ||
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0035 | ||
Convertible Notes Payable Related Party [Member] | Notes Issued 0806201 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 35,000 | ||
Debt Instrument, Issuance Date | Aug. 6, 2020 | ||
Debt Instrument, Maturity Date | Feb. 6, 2021 | ||
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0035 | ||
Convertible Notes Payable Related Party [Member] | Notes Issued 081420 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 50,400 | ||
Debt Instrument, Issuance Date | Aug. 14, 2020 | ||
Debt Instrument, Maturity Date | Feb. 14, 2021 | ||
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0035 | ||
Convertible Notes Payable Default [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | 308,300 | $ 308,300 | |
Convertible Notes Payable Default [Member] | Notes Issued 082809 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 4,300 | $ 4,300 | |
Debt Instrument, Issuance Date | Aug. 28, 2009 | Aug. 28, 2009 | |
Debt Instrument, Maturity Date | Nov. 1, 2009 | Nov. 1, 2009 | |
Debt Instrument, Interest Rate, Stated Percentage | 10.00% | 10.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0150 | $ 0.0150 | |
Convertible Notes Payable Default [Member] | Notes Issued 112012 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 50,000 | $ 50,000 | |
Debt Instrument, Issuance Date | Nov. 20, 2012 | Nov. 20, 2012 | |
Debt Instrument, Maturity Date | May 20, 2013 | May 20, 2013 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0050 | $ 0.0050 | |
Convertible Notes Payable Default [Member] | Notes Issued 011913 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 5,000 | $ 5,000 | |
Debt Instrument, Issuance Date | Jan. 19, 2013 | Jan. 19, 2013 | |
Debt Instrument, Maturity Date | Jul. 30, 2013 | Jul. 30, 2013 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0040 | $ 0.0040 | |
Convertible Notes Payable Default [Member] | Notes Issued 021113 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 9,000 | $ 9,000 | |
Debt Instrument, Issuance Date | Feb. 11, 2013 | Feb. 11, 2013 | |
Debt Instrument, Maturity Date | Aug. 11, 2013 | Aug. 11, 2013 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0060 | $ 0.0060 | |
Convertible Notes Payable Default [Member] | Notes Issued 092513 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 10,000 | $ 10,000 | |
Debt Instrument, Issuance Date | Sep. 25, 2013 | Sep. 25, 2013 | |
Debt Instrument, Maturity Date | Mar. 25, 2014 | Mar. 25, 2014 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0125 | $ 0.0125 | |
Convertible Notes Payable Default [Member] | Notes Issued 100413 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 50,000 | $ 50,000 | |
Debt Instrument, Issuance Date | Oct. 4, 2013 | Oct. 4, 2013 | |
Debt Instrument, Maturity Date | Apr. 4, 2014 | Apr. 4, 2014 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0125 | $ 0.0125 | |
Convertible Notes Payable Default [Member] | Notes Issued 103013 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 50,000 | $ 50,000 | |
Debt Instrument, Issuance Date | Oct. 30, 2013 | Oct. 30, 2013 | |
Debt Instrument, Maturity Date | Oct. 30, 2014 | Oct. 30, 2014 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0125 | $ 0.0125 | |
Convertible Notes Payable Default [Member] | Notes Issued 051514 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 40,000 | $ 40,000 | |
Debt Instrument, Issuance Date | May 15, 2014 | May 15, 2014 | |
Debt Instrument, Maturity Date | Nov. 15, 2014 | Nov. 15, 2014 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0070 | $ 0.0070 | |
Convertible Notes Payable Default [Member] | Notes Issued 101314 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | |||
Debt Instrument, Issuance Date | Oct. 13, 2014 | Oct. 13, 2014 | |
Debt Instrument, Maturity Date | Apr. 13, 2015 | Apr. 13, 2015 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0050 | $ 0.0050 | |
Convertible Notes Payable Default [Member] | Notes Issued 091815 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 25,000 | $ 25,000 | |
Debt Instrument, Issuance Date | Sep. 18, 2015 | Sep. 18, 2015 | |
Debt Instrument, Maturity Date | Mar. 18, 2016 | Mar. 18, 2016 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0020 | $ 0.0020 | |
Convertible Notes Payable Default [Member] | Notes Issued 040416 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 10,000 | $ 10,000 | |
Debt Instrument, Issuance Date | Apr. 4, 2016 | Apr. 4, 2016 | |
Debt Instrument, Maturity Date | Oct. 4, 2016 | Oct. 4, 2016 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0010 | $ 0.0010 | |
Convertible Notes Payable Default [Member] | Notes Issued 071916 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 4,000 | $ 4,000 | |
Debt Instrument, Issuance Date | Jul. 19, 2016 | Jul. 19, 2016 | |
Debt Instrument, Maturity Date | Jul. 19, 2017 | Jul. 19, 2017 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0015 | $ 0.0015 | |
Convertible Notes Payable Default [Member] | Notes Issued 082416 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | |||
Debt Instrument, Issuance Date | Aug. 24, 2016 | Aug. 24, 2016 | |
Debt Instrument, Maturity Date | Feb. 24, 2017 | Feb. 24, 2017 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0010 | $ 0.0010 | |
Convertible Notes Payable Default [Member] | Notes Issued 030618 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 6,000 | $ 6,000 | |
Debt Instrument, Issuance Date | Mar. 6, 2018 | Mar. 6, 2018 | |
Debt Instrument, Maturity Date | Sep. 6, 2018 | Sep. 6, 2018 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0006 | $ 0.0006 | |
Convertible Notes Payable Default [Member] | Notes Issued 020618 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 6,000 | $ 6,000 | |
Debt Instrument, Issuance Date | Feb. 6, 2018 | Feb. 6, 2018 | |
Debt Instrument, Maturity Date | Nov. 7, 2018 | Nov. 7, 2018 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0006 | $ 0.0006 | |
Convertible Notes Payable Default [Member] | Notes Issued 102918 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 3,000 | $ 3,000 | |
Debt Instrument, Issuance Date | Oct. 29, 2018 | Oct. 29, 2018 | |
Debt Instrument, Maturity Date | Apr. 29, 2019 | Apr. 29, 2019 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0007 | $ 0.0007 | |
Convertible Notes Payable Default [Member] | Notes Issued 010319 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 1,000 | $ 1,000 | |
Debt Instrument, Issuance Date | Jan. 3, 2019 | Jan. 3, 2019 | |
Debt Instrument, Maturity Date | Jul. 3, 2019 | Jul. 3, 2019 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0010 | $ 0.0010 | |
Convertible Notes Payable Default [Member] | Notes Issued 031619 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 10,000 | $ 10,000 | |
Debt Instrument, Issuance Date | Mar. 16, 2019 | Mar. 16, 2019 | |
Debt Instrument, Maturity Date | Sep. 16, 2019 | Sep. 16, 2019 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0010 | $ 0.0010 | |
Convertible Notes Payable Default [Member] | Notes Issued 090419 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 25,000 | $ 25,000 | |
Debt Instrument, Issuance Date | Sep. 4, 2019 | Sep. 4, 2019 | |
Debt Instrument, Maturity Date | Mar. 4, 2020 | Mar. 4, 2020 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0030 | $ 0.0030 | |
Convertible Notes Payable Related Parties Default [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 638,500 | $ 527,900 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 080620 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 25,200 | ||
Debt Instrument, Issuance Date | Aug. 6, 2020 | Aug. 6, 2020 | |
Debt Instrument, Maturity Date | Feb. 6, 2021 | Feb. 6, 2021 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0035 | $ 0.0035 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 0806201 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 35,000 | ||
Debt Instrument, Issuance Date | Aug. 6, 2020 | Aug. 6, 2020 | |
Debt Instrument, Maturity Date | Feb. 6, 2021 | Feb. 6, 2021 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0035 | $ 0.0035 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 081420 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 50,400 | ||
Debt Instrument, Issuance Date | Aug. 14, 2020 | Aug. 14, 2020 | |
Debt Instrument, Maturity Date | Feb. 14, 2021 | Feb. 14, 2021 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0035 | $ 0.0035 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 011913 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 15,000 | $ 15,000 | |
Debt Instrument, Issuance Date | Jan. 19, 2013 | Jan. 19, 2013 | |
Debt Instrument, Maturity Date | Jul. 30, 2013 | Jul. 30, 2013 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0040 | $ 0.0040 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 010909 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 10,000 | $ 10,000 | |
Debt Instrument, Issuance Date | Jan. 9, 2009 | Jan. 9, 2009 | |
Debt Instrument, Maturity Date | Jan. 9, 2010 | Jan. 9, 2010 | |
Debt Instrument, Interest Rate, Stated Percentage | 10.00% | 10.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0150 | $ 0.0150 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 012510 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 6,000 | $ 6,000 | |
Debt Instrument, Issuance Date | Jan. 25, 2010 | Jan. 25, 2010 | |
Debt Instrument, Maturity Date | Jan. 25, 2011 | Jan. 25, 2011 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0050 | $ 0.0050 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 011812 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 50,000 | $ 50,000 | |
Debt Instrument, Issuance Date | Jan. 18, 2012 | Jan. 18, 2012 | |
Debt Instrument, Maturity Date | Jul. 18, 2012 | Jul. 18, 2012 | |
Debt Instrument, Interest Rate, Stated Percentage | 8.00% | 8.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0040 | $ 0.0040 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 072613 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 10,000 | $ 10,000 | |
Debt Instrument, Issuance Date | Jul. 26, 2013 | Jul. 26, 2013 | |
Debt Instrument, Maturity Date | Jan. 26, 2014 | Jan. 26, 2014 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0100 | $ 0.0100 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 011714 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 31,500 | $ 31,500 | |
Debt Instrument, Issuance Date | Jan. 17, 2014 | Jan. 17, 2014 | |
Debt Instrument, Maturity Date | Jul. 17, 2014 | Jul. 17, 2014 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0060 | $ 0.0060 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 052714 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 7,000 | $ 7,000 | |
Debt Instrument, Issuance Date | May 27, 2014 | May 27, 2014 | |
Debt Instrument, Maturity Date | Nov. 27, 2014 | Nov. 27, 2014 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0070 | $ 0.0070 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 072114 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 17,000 | $ 17,000 | |
Debt Instrument, Issuance Date | Jul. 21, 2014 | Jul. 21, 2014 | |
Debt Instrument, Maturity Date | Jan. 25, 2015 | Jan. 25, 2015 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0080 | $ 0.0080 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 101614 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 21,000 | $ 21,000 | |
Debt Instrument, Issuance Date | Oct. 16, 2014 | Oct. 16, 2014 | |
Debt Instrument, Maturity Date | Apr. 16, 2015 | Apr. 16, 2015 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0045 | $ 0.0045 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 071415 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 9,000 | $ 9,000 | |
Debt Instrument, Issuance Date | Jul. 14, 2015 | Jul. 14, 2015 | |
Debt Instrument, Maturity Date | Jan. 14, 2016 | Jan. 14, 2016 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0030 | $ 0.0030 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 011216 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 5,000 | $ 5,000 | |
Debt Instrument, Issuance Date | Jan. 12, 2016 | Jan. 12, 2016 | |
Debt Instrument, Maturity Date | Jul. 12, 2016 | Jul. 12, 2016 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0020 | $ 0.0020 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 051016 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 5,000 | $ 5,000 | |
Debt Instrument, Issuance Date | May 10, 2016 | May 10, 2016 | |
Debt Instrument, Maturity Date | Nov. 10, 2016 | Nov. 10, 2016 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0005 | $ 0.0005 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 0510161 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 5,000 | $ 5,000 | |
Debt Instrument, Issuance Date | May 10, 2016 | May 10, 2016 | |
Debt Instrument, Maturity Date | Nov. 10, 2016 | Nov. 10, 2016 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0005 | $ 0.0005 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 052016 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 5,000 | $ 5,000 | |
Debt Instrument, Issuance Date | May 20, 2016 | May 20, 2016 | |
Debt Instrument, Maturity Date | Nov. 20, 2016 | Nov. 20, 2016 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0005 | $ 0.0005 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 071216 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 2,400 | $ 2,400 | |
Debt Instrument, Issuance Date | Jul. 12, 2016 | Jul. 12, 2016 | |
Debt Instrument, Maturity Date | Jan. 12, 2017 | Jan. 12, 2017 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0006 | $ 0.0006 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 012617 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 5,000 | $ 5,000 | |
Debt Instrument, Issuance Date | Jan. 26, 2017 | Jan. 26, 2017 | |
Debt Instrument, Maturity Date | Mar. 12, 2017 | Mar. 12, 2017 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0005 | $ 0.0005 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 021417 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 25,000 | $ 25,000 | |
Debt Instrument, Issuance Date | Feb. 14, 2017 | Feb. 14, 2017 | |
Debt Instrument, Maturity Date | Aug. 14, 2017 | Aug. 14, 2017 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0008 | $ 0.0008 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 081617 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 3,000 | $ 3,000 | |
Debt Instrument, Issuance Date | Aug. 16, 2017 | Aug. 16, 2017 | |
Debt Instrument, Maturity Date | Sep. 16, 2017 | Sep. 16, 2017 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0008 | $ 0.0008 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 031418 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 25,000 | $ 25,000 | |
Debt Instrument, Issuance Date | Mar. 14, 2018 | Mar. 14, 2018 | |
Debt Instrument, Maturity Date | May 14, 2018 | May 14, 2018 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0007 | $ 0.0007 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 040418 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 3,000 | $ 3,000 | |
Debt Instrument, Issuance Date | Apr. 4, 2018 | Apr. 4, 2018 | |
Debt Instrument, Maturity Date | Jun. 4, 2018 | Jun. 4, 2018 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0007 | $ 0.0007 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 041118 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 25,000 | $ 25,000 | |
Debt Instrument, Issuance Date | Apr. 11, 2018 | Apr. 11, 2018 | |
Debt Instrument, Maturity Date | Jun. 11, 2018 | Jun. 11, 2018 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0007 | $ 0.0007 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 050818 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 25,000 | $ 25,000 | |
Debt Instrument, Issuance Date | May 8, 2018 | May 8, 2018 | |
Debt Instrument, Maturity Date | Jul. 8, 2018 | Jul. 8, 2018 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0007 | $ 0.0007 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 053018 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 25,000 | $ 25,000 | |
Debt Instrument, Issuance Date | May 30, 2018 | May 30, 2018 | |
Debt Instrument, Maturity Date | Aug. 30, 2018 | Aug. 30, 2018 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0007 | $ 0.0007 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 061218 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 3,000 | $ 3,000 | |
Debt Instrument, Issuance Date | Jun. 12, 2018 | Jun. 12, 2018 | |
Debt Instrument, Maturity Date | Sep. 12, 2018 | Sep. 12, 2018 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0007 | $ 0.0007 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 062018 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 500 | $ 500 | |
Debt Instrument, Issuance Date | Jun. 20, 2018 | Jun. 20, 2018 | |
Debt Instrument, Maturity Date | Sep. 12, 2018 | Sep. 12, 2018 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0007 | $ 0.0007 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 010918 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 12,000 | $ 12,000 | |
Debt Instrument, Issuance Date | Jan. 9, 2018 | Jan. 9, 2018 | |
Debt Instrument, Maturity Date | Jan. 9, 2019 | Jan. 9, 2019 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0006 | $ 0.0006 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 082718 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 2,000 | $ 2,000 | |
Debt Instrument, Issuance Date | Aug. 27, 2018 | Aug. 27, 2018 | |
Debt Instrument, Maturity Date | Feb. 27, 2019 | Feb. 27, 2019 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0007 | $ 0.0007 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 100218 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 1,000 | $ 1,000 | |
Debt Instrument, Issuance Date | Oct. 2, 2018 | Oct. 2, 2018 | |
Debt Instrument, Maturity Date | Apr. 2, 2019 | Apr. 2, 2019 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0008 | $ 0.0008 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 102318 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 4,200 | $ 4,200 | |
Debt Instrument, Issuance Date | Oct. 23, 2018 | Oct. 23, 2018 | |
Debt Instrument, Maturity Date | Apr. 23, 2019 | Apr. 23, 2019 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0007 | $ 0.0007 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 110718 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 2,000 | $ 2,000 | |
Debt Instrument, Issuance Date | Nov. 7, 2018 | Nov. 7, 2018 | |
Debt Instrument, Maturity Date | May 7, 2019 | May 7, 2019 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0008 | $ 0.0008 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 111418 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 8,000 | $ 8,000 | |
Debt Instrument, Issuance Date | Nov. 14, 2018 | Nov. 14, 2018 | |
Debt Instrument, Maturity Date | May 14, 2019 | May 14, 2019 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0008 | $ 0.0008 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 010819 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 7,000 | $ 7,000 | |
Debt Instrument, Issuance Date | Jan. 8, 2019 | Jan. 8, 2019 | |
Debt Instrument, Maturity Date | Jul. 8, 2019 | Jul. 8, 2019 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0008 | $ 0.0008 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 042519 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 20,000 | $ 20,000 | |
Debt Instrument, Issuance Date | Apr. 25, 2019 | Apr. 25, 2019 | |
Debt Instrument, Maturity Date | Dec. 23, 2019 | Dec. 23, 2019 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0040 | $ 0.0040 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 060719 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 5,100 | $ 5,100 | |
Debt Instrument, Issuance Date | Jun. 7, 2019 | Jun. 7, 2019 | |
Debt Instrument, Maturity Date | Dec. 7, 2019 | Dec. 7, 2019 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0030 | $ 0.0030 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 091719 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 12,000 | $ 12,000 | |
Debt Instrument, Issuance Date | Sep. 17, 2019 | Sep. 17, 2019 | |
Debt Instrument, Maturity Date | Apr. 17, 2020 | Apr. 17, 2020 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0030 | $ 0.0030 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 111219 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 25,000 | $ 25,000 | |
Debt Instrument, Issuance Date | Nov. 12, 2019 | Nov. 12, 2019 | |
Debt Instrument, Maturity Date | May 12, 2020 | May 12, 2020 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0025 | $ 0.0025 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 112619 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 25,200 | $ 25,200 | |
Debt Instrument, Issuance Date | Nov. 26, 2019 | Nov. 26, 2019 | |
Debt Instrument, Maturity Date | May 26, 2020 | May 26, 2020 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0030 | $ 0.0030 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 120319 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 15,000 | $ 15,000 | |
Debt Instrument, Issuance Date | Dec. 3, 2019 | Dec. 3, 2019 | |
Debt Instrument, Maturity Date | Jun. 3, 2020 | Jun. 3, 2020 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0030 | $ 0.0030 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 010720 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 51,000 | $ 51,000 | |
Debt Instrument, Issuance Date | Jan. 7, 2020 | Jan. 7, 2020 | |
Debt Instrument, Maturity Date | Jun. 20, 2020 | Jun. 20, 2020 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0030 | $ 0.0030 |
CONVERTIBLE NOTES PAYABLE AND_4
CONVERTIBLE NOTES PAYABLE AND NOTES PAYABLE (Details2) - USD ($) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2021 | Dec. 31, 2020 | |
Notes Payable Default [Member] | ||
Short-term Debt [Line Items] | ||
Balance notes payable - related parties, in default | $ 130,000 | $ 130,000 |
Notes Payable Default [Member] | Notes Issued 042711 [Member] | ||
Short-term Debt [Line Items] | ||
Balance notes payable - related parties, in default | $ 5,000 | $ 5,000 |
Debt Instrument, Issuance Date | Apr. 27, 2011 | Apr. 27, 2011 |
Debt Instrument, Maturity Date | Apr. 27, 2012 | Apr. 27, 2012 |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% |
Notes Payable Default [Member] | Notes Issued 121417 [Member] | ||
Short-term Debt [Line Items] | ||
Balance notes payable - related parties, in default | $ 20,000 | $ 20,000 |
Debt Instrument, Issuance Date | Dec. 14, 2017 | Dec. 14, 2017 |
Debt Instrument, Maturity Date | Dec. 14, 2018 | Dec. 14, 2018 |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% |
Notes Payable Default [Member] | Notes Issued 112917 [Member] | ||
Short-term Debt [Line Items] | ||
Balance notes payable - related parties, in default | $ 105,000 | $ 105,000 |
Debt Instrument, Issuance Date | Nov. 29, 2017 | Nov. 29, 2017 |
Debt Instrument, Maturity Date | Nov. 29, 2019 | Nov. 29, 2019 |
Debt Instrument, Interest Rate, Stated Percentage | 2.06% | 2.06% |
Notes Payable Related Parties In Default [Member] | ||
Short-term Debt [Line Items] | ||
Balance notes payable - related parties, in default | $ 18,500 | $ 18,500 |
Notes Payable Related Parties In Default [Member] | Notes Issued 022410 [Member] | ||
Short-term Debt [Line Items] | ||
Balance notes payable - related parties, in default | $ 7,500 | $ 7,500 |
Debt Instrument, Issuance Date | Feb. 24, 2010 | Feb. 24, 2010 |
Debt Instrument, Maturity Date | Feb. 24, 2011 | Feb. 24, 2011 |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% |
Notes Payable Related Parties In Default [Member] | Notes Issued 100615 [Member] | ||
Short-term Debt [Line Items] | ||
Balance notes payable - related parties, in default | $ 10,000 | $ 10,000 |
Debt Instrument, Issuance Date | Oct. 6, 2015 | |
Debt Instrument, Maturity Date | Nov. 15, 2015 | Nov. 15, 2015 |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% |
Notes Payable Related Parties In Default [Member] | Notes Issued 020818 [Member] | ||
Short-term Debt [Line Items] | ||
Balance notes payable - related parties, in default | $ 1,000 | $ 1,000 |
Debt Instrument, Issuance Date | Feb. 8, 2018 | Feb. 8, 2018 |
Debt Instrument, Maturity Date | Apr. 9, 2018 | Apr. 9, 2018 |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% |
CONVERTIBLE NOTES PAYABLE AND_5
CONVERTIBLE NOTES PAYABLE AND NOTES PAYABLE (Details Narrative) - USD ($) | Jun. 30, 2021 | Dec. 31, 2020 |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Other Additional Capital | $ 7,500 | $ 1,500 |
CEO Loan [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Other Additional Capital | 6,000 | |
CEO Loan [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Other Additional Capital | $ 1,500 |
STOCKHOLDERS' DEFICIT (Details)
STOCKHOLDERS' DEFICIT (Details) - $ / shares | 3 Months Ended | 12 Months Ended | |
Jun. 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | |
Summary of Investment Holdings [Line Items] | |||
Average Intrinsic Value, Exercisable | $ 0.0010 | $ 0.0010 | $ 0.0013 |
Warrant [Member] | |||
Summary of Investment Holdings [Line Items] | |||
Number of Warrants, Beginning Balance | 4,000,000 | 4,000,000 | |
Weighted Average Exercise Price, Beginning Balance | $ 0.0050 | $ 0.0050 | |
Weighted Average Remaining Life | 1 year 5 months 1 day | 1 year 6 months 29 days | 1 year 11 months 1 day |
Average Intrinsic Value, Beginning Balance | $ 0.0010 | $ 0.0013 | |
Number of Warrants, Exercisable | 4,000,000 | 4,000,000 | 4,000,000 |
Weighted Average Exercise Price, Exercisable | $ 0.0050 | $ 0.0050 | $ 0.0050 |
Weighted Average Remaining Life, Exercisable | 1 year 5 months 1 day | 1 year 6 months 29 days | 1 year 11 months 1 day |
Number of Warrants, Ending Balance | 4,000,000 | 4,000,000 | 4,000,000 |
Weighted Average Exercise Price, Ending Balance | $ 0.0050 | $ 0.0050 | $ 0.0050 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instrument Other than Option, Nonvested, Intrinsic Value, Ending Balance | $ 0.0010 | $ 0.0010 | $ 0.0013 |
STOCKHOLDERS_ DEFICIT (Details
STOCKHOLDERS’ DEFICIT (Details Narrative) - USD ($) | Feb. 10, 2014 | Jun. 30, 2021 | Mar. 31, 2021 | Jun. 30, 2020 | Mar. 31, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||
Stock Issued During Period, Value, New Issues | $ 491,400 | $ 199,550 | $ 382,099 | $ 52,500 | $ 690,950 | $ 434,599 | ||
Gain (Loss) on Extinguishment of Debt | 40,243 | 77,589 | 34,375 | |||||
Stock issued to convert notes payable and accrued interest | $ 79,530 | $ 57,648 | $ 84,086 | $ 84,086 | ||||
Shares issued for charitable contribution | $ 9,700 | $ 9,700 | ||||||
Preferred Stock, Conversion Basis | Each share of Series A preferred stock has the right to convert into 214,289 shares of the Companys common stock | |||||||
Preferred Stock, Shares Authorized | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | ||||
Series B Preferred Stock [Member] | ||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||
Preferred Stock, Voting Rights | 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. | |||||||
Common Stock [Member] | ||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||
Stock Issued During Period, Shares, New Issues | 207,733,334 | 75,850,000 | 91,100,000 | 8,900,000 | 283,583,334 | 100,000,000 | ||
Stock Issued During Period, Value, New Issues | $ 20,773 | $ 7,585 | $ 9,110 | $ 890 | ||||
Stock issued to convert notes payable and accrued interest, Shares | 15,594,247 | 8,734,640 | 39,781,082 | 24,328,887 | 39,781,082 | |||
Stock Issued During Period, Shares, Issued for Services | 13,756,154 | 737,308 | 5,348,366 | 13,756,154 | 6,085,674 | |||
Stock issued to convert notes payable and accrued interest | $ 1,559 | $ 872 | $ 3,978 | |||||
Shares reclassed from common stock to be issued, Shares | (10,120,000) | |||||||
Shares issued for charitable contribution, Shares | 1,000,000 | 1,000,000 | ||||||
Shares issued for charitable contribution | $ 100 | |||||||
Common Stock To Be Issued [Member] | ||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||
Stock Issued During Period, Shares, New Issues | 35,417,000 | 5,714,286 | ||||||
Stock Issued During Period, Value, New Issues | $ 3,542 | $ 571 | ||||||
Stock Issued During Period, Shares, Issued for Services | 676,204 | |||||||
Stock issued to convert notes payable and accrued interest | ||||||||
Shares reclassed from common stock to be issued, Shares | 10,120,000 | 10,120,000 | ||||||
Shares issued for charitable contribution |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | 1 Months Ended | 3 Months Ended | 6 Months Ended | |||||
Apr. 30, 2021 | Jan. 31, 2021 | Jan. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | |
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items] | ||||||||
Salary Paid | $ 84,331 | $ 67,565 | $ 204,264 | $ 85,787 | ||||
Marketing and Administrative Services | 268,738 | 259,857 | 511,940 | 552,269 | ||||
Accounts Payable and Accrued Liabilities, Current | 392,652 | 392,652 | $ 350,785 | |||||
Other Additional Capital | 7,500 | 7,500 | 1,500 | |||||
CEO Loan [Member] | ||||||||
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items] | ||||||||
Other Additional Capital | 6,000 | 6,000 | ||||||
CEO Loan [Member] | ||||||||
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items] | ||||||||
Other Additional Capital | 1,500 | 1,500 | ||||||
Chief Executive Officer [Member] | ||||||||
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items] | ||||||||
Loan Provided | $ 6,000 | |||||||
Salary Paid | $ 28,750 | 57,500 | $ 28,820 | 158,126 | 28,820 | |||
member of the Board of Directors | ||||||||
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items] | ||||||||
Proceeds from Convertible Debt | $ 51,000 | |||||||
Company Owned by Person Related to CEO [Member] | ||||||||
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items] | ||||||||
Marketing and Administrative Services | 5,000 | 25,000 | ||||||
Accounts Payable and Accrued Liabilities, Current | 1,000 | 1,000 | 1,425 | |||||
Company Owned by Person Related to CEO [Member] | ||||||||
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items] | ||||||||
Marketing and Administrative Services | 7,675 | 525 | ||||||
Accounts Payable and Accrued Liabilities, Current | 825 | 825 | 0 | |||||
Consultant [Member] | ||||||||
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items] | ||||||||
Marketing and Administrative Services | 20,000 | $ 10,000 | ||||||
Accounts Payable and Accrued Liabilities, Current | $ 3,000 | $ 3,000 | $ 0 |
SEGMENT INFORMATION (Details)
SEGMENT INFORMATION (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Condensed Cash Flow Statements, Captions [Line Items] | ||||
Service revenues | $ 4,671 | $ 13,374 | $ 4,200 | |
Total operating expenses | 582,540 | 560,681 | 1,089,374 | 1,186,959 |
Net loss from operations | $ (577,869) | $ (560,681) | (1,076,000) | (1,182,759) |
Blockchain LogisTech, LLC | ||||
Condensed Cash Flow Statements, Captions [Line Items] | ||||
Service revenues | 4,200 | |||
Total operating expenses | 20,392 | 10,856 | ||
Net loss from operations | (20,392) | (6,656) | ||
Seafarer Exploration Corp. | ||||
Condensed Cash Flow Statements, Captions [Line Items] | ||||
Service revenues | 13,374 | |||
Total operating expenses | 1,068,982 | 1,176,103 | ||
Net loss from operations | $ (1,055,608) | $ (1,176,103) |
SUBSEQUENT EVENTS (Details Narr
SUBSEQUENT EVENTS (Details Narrative) - USD ($) | 1 Months Ended | 3 Months Ended | 6 Months Ended | ||||
Aug. 15, 2021 | Jun. 30, 2021 | Mar. 31, 2021 | Jun. 30, 2020 | Mar. 31, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Subsequent Event [Line Items] | |||||||
Stock Issued During Period, Value, New Issues | $ 491,400 | $ 199,550 | $ 382,099 | $ 52,500 | $ 690,950 | $ 434,599 | |
Common Stock [Member] | |||||||
Subsequent Event [Line Items] | |||||||
Stock Issued During Period, Shares, New Issues | 207,733,334 | 75,850,000 | 91,100,000 | 8,900,000 | 283,583,334 | 100,000,000 | |
Stock Issued During Period, Value, New Issues | $ 20,773 | $ 7,585 | $ 9,110 | $ 890 | |||
Subsequent Event [Member] | |||||||
Subsequent Event [Line Items] | |||||||
Stock Issued During Period, Value, Other | $ 141,000 | ||||||
Stock Issued During Period, Value, New Issues | $ 150 | ||||||
Subsequent Event [Member] | Common Stock [Member] | |||||||
Subsequent Event [Line Items] | |||||||
Stock Issued During Period, Shares, Other | 60,500,000 | ||||||
Stock Issued During Period, Shares, New Issues | 150,000 |