Cover
Cover - USD ($) | 12 Months Ended | ||
Dec. 31, 2021 | Mar. 31, 2022 | Jun. 30, 2021 | |
Cover [Abstract] | |||
Document Type | 10-K/A | ||
Amendment Flag | true | ||
Amendment Description | The purpose of this amendment on Form 10-K/A to Seafarer Exploration Corp's Annual Report on Form 10-K for the year ended December 31, 2021, filed with the Securities and Exchange Commission on March 31, 2022 is solely to furnish the Inline eXtensible Business Reporting Language (iXBRL) data under Exhibit 101 and 104 to the Form 10-K in accordance with Rule 405 of Regulation S-T.No other changes have been made to the Form 10-K. This Amendment No. 1 to the Form 10-K speaks as of the original filing date of the Form 10-K, 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-K. | ||
Document Annual Report | true | ||
Document Transition Report | false | ||
Document Period End Date | Dec. 31, 2021 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2022 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity File Number | 000-29461 | ||
Entity Registrant Name | SEAFARER EXPLORATION CORP. | ||
Entity Central Index Key | 0001106213 | ||
Entity Tax Identification Number | 90-0473054 | ||
Entity Incorporation, State or Country Code | FL | ||
Entity Address, Address Line One | 14497 N. Dale Mabry Highway | ||
Entity Address, Address Line Two | Suite 209-N | ||
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 Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | No | ||
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 Public Float | $ 18,166,559 | ||
Entity Common Stock, Shares Outstanding | 6,477,020,847 | ||
Auditor Name | Accell Audit Compliance, PA | ||
Auditor Location | Tampa, FL | ||
Auditor Firm ID | 3289 |
CONDENSED CONSOLIDATED BALANCE
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Current assets | ||
Cash | $ 81,801 | $ 186,873 |
Prepaid expenses | 3,000 | 123,039 |
Deposits | 750 | 750 |
Total current assets | 85,551 | 310,662 |
Property, plant and equipment, net | 176,476 | 197,336 |
Right of use asset | 27,011 | 41,991 |
Total Assets | 289,038 | 549,989 |
Current liabilities | ||
Accounts payable and accrued expenses | 517,038 | 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 $3,864 and $24,431, respectively | 2,136 | 86,169 |
Convertible notes payable, in default | 235,300 | 308,300 |
Convertible notes payable, in default - related parties | 638,500 | 527,900 |
Notes payable | 50,000 | |
Notes payable, in default | 128,000 | 130,000 |
Notes payable, in default - related parties | 18,500 | 18,500 |
Shareholder loan | 7,900 | 1,500 |
Lease liability, current | 16,876 | 14,680 |
Total current liabilities | 1,754,250 | 1,469,409 |
Lease liability, long-term | 10,718 | 27,594 |
Total Liabilities | 1,764,968 | 1,497,003 |
Stockholders Deficit | ||
Common stock, $0.0001 par value - 9,900,000,000 shares authorized; 6,176,318,579 and 5,315,683,905 shares issued and outstanding at December 31, 2021 and 2020, respectively | 617,632 | 530,315 |
Common stock to be issued, $0.0001 par value, 37,750,000 and 1,500,000 shares outstanding at December 31, 2021 and 2020, respectively | 3,775 | 150 |
Unearned compensation | (261,536) | (67,058) |
Additional paid in capital | 20,714,410 | 18,514,376 |
Accumulated deficit | (22,550,211) | (19,924,797) |
Total Stockholders Deficit | (1,475,930) | (947,014) |
Total Liabilities and Stockholders Deficit | 289,038 | 549,989 |
Series A Preferred Stock [Member] | ||
Stockholders Deficit | ||
Series B - 60 shares issued and outstanding at December 31, 2021 and 2020 | ||
Series B Preferred Stock [Member] | ||
Stockholders Deficit | ||
Series B - 60 shares issued and outstanding at December 31, 2021 and 2020 |
CONDENSED CONSOLIDATED BALANC_2
CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares | Dec. 31, 2021 | Dec. 31, 2020 |
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 |
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 | 6,176,318,579 | 5,315,683,905 |
Common Stock, Shares, Outstanding | 6,176,318,579 | 5,315,683,905 |
Common Stock to Be Issued [Member] | ||
Common Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 |
Common Stock, Shares Subscribed but Unissued | 37,750,000 | 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 - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Revenue: | ||
Service income | $ 23,761 | $ 10,622 |
Operating Expenses | ||
Consulting and contractor expenses | 1,234,353 | 1,542,145 |
Research and development | 439,816 | 463,468 |
General and administrative expense | 376,696 | 244,328 |
Vessel maintenance and dockage | 109,182 | 193,844 |
Professional fees | 83,196 | 136,786 |
Travel and entertainment expense | 63,096 | 66,892 |
Depreciation expense | 21,860 | 20,379 |
Rent expense | 41,182 | 41,986 |
Total operating expenses | 2,369,381 | 2,709,828 |
Net loss from operations | (2,345,620) | (2,699,206) |
Other income (expense) | ||
Interest expense | (177,499) | (286,720) |
Loss on extinguishment of debt | (121,847) | (34,375) |
Net loss on settlement of accounts payable | (448) | (4,512) |
Gain on sale of asset | 20,000 | 5,500 |
Gain on disposal of investment | 354,000 | |
Dividend income | 4,500 | |
Total other income (expenses) | (279,794) | 38,393 |
Provision for income tax | ||
Net loss | $ (2,625,414) | $ (2,660,813) |
Basic and diluted loss per share | $ 0 | $ 0 |
Weighted average shares outstanding | 5,645,802,431 | 4,946,696,428 |
CONSOLIDATED STATEMENTS OF CHAN
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT (EQUITY) - 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) | |||
Shares, Outstanding, Beginning Balance at Dec. 31, 2019 | 7 | 60 | 4,761,162,383 | 11,620,000 | ||||
Common stock issued for cash | $ 42,578 | 1,256,446 | 1,299,024 | |||||
Stock Issued During Period, Shares, New Issues | 425,777,619 | |||||||
Stock issued for services | $ 13,684 | (67,058) | 804,790 | 751,416 | ||||
Stock Issued During Period, Shares, Issued for Services | 136,842,821 | |||||||
Shares cancelled and returned to treasury in exchange for cancellation of Investment in P & S, Inc. | $ (6,000) | (426,000) | (432,000) | |||||
[custom:InvestmentPurchasedWithStockPsShares] | (60,000,000) | |||||||
Stock issued for purchase of vehicle | $ 100 | 5,900 | 6,000 | |||||
Stock Issued During Period, Shares, Purchase of Assets | 1,000,000 | |||||||
Shares issued for charitable contribution | $ 100 | 9,600 | 9,700 | |||||
Stock Issued For Charitable Contributions in Shares | 1,000,000 | |||||||
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 | |||||||
Reclass from Common Stock to be Issued Shares | 10,120,000 | |||||||
Beneficial conversion feature | 202,100 | 202,100 | ||||||
Net Loss | (2,660,813) | (2,660,813) | ||||||
Amortization of unearned compensation | ||||||||
Ending balance, value at Dec. 31, 2020 | $ 530,315 | $ 150 | (67,058) | 18,514,376 | (19,924,797) | (947,014) | ||
Shares, Outstanding, Ending Balance at Dec. 31, 2020 | 7 | 60 | 5,315,683,905 | 1,500,000 | ||||
Common stock issued for cash | $ 72,035 | 1,458,075 | 1,530,110 | |||||
Stock Issued During Period, Shares, New Issues | 720,353,061 | |||||||
Stock issued for services | $ 9,189 | 3,625 | (273,500) | 458,568 | 197,882 | |||
Stock Issued During Period, Shares, Issued for Services | 79,337,336 | |||||||
Stock issued for purchase of vehicle | ||||||||
Stock issued to convert notes payable and accrued interest | $ 5,993 | 277,209 | 283,202 | |||||
Stock Issued to Convert Accrued Interest on Convertible Notes Payable Shares | 59,944,277 | |||||||
Shares reclassed from common stock to be issued | $ 1,012 | (1,012) | ||||||
Beneficial conversion feature | 6,000 | 6,000 | ||||||
Net Loss | (2,625,414) | (2,625,414) | ||||||
Amortization of unearned compensation | 79,022 | 79,022 | ||||||
Equity kicker | $ 100 | 182 | 282 | |||||
Equity Kicker in Shares | 1,000,000 | |||||||
Ending balance, value at Dec. 31, 2021 | $ 617,632 | $ 3,775 | $ (261,536) | $ 20,714,410 | $ (22,550,211) | $ (1,475,930) | ||
Shares, Outstanding, Ending Balance at Dec. 31, 2021 | 7 | 60 | 6,176,318,579 | 37,750,000 |
CONDENSED CONSOLIDATED STATEM_2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net loss | $ (2,625,414) | $ (2,660,813) |
Adjustments to reconcile net loss to net cash used by operating activities: | ||
Depreciation | 21,860 | 20,379 |
Amortization of beneficial conversion feature and loan fees | 39,992 | 239,592 |
Amortization of unearned compensation | 79,022 | |
Common stock issued for services | 197,882 | 751,416 |
Common stock issued for a charitable contribution | 9,700 | |
Gain on sale of asset | (5,500) | |
Gain on disposal of investment | (354,000) | |
Loss on extinguishment of debt | 121,847 | 34,375 |
Decrease (increase) in: | ||
Prepaid expenses | 120,039 | 36,471 |
Increase (decrease) in: | ||
Accounts payable and accrued expenses | 188,742 | 38,080 |
Deferred revenue | 140,000 | |
Net cash from operating activities | (1,715,582) | (1,885,788) |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||
Purchase of property, plant and equipment | (12,000) | |
Proceeds from sale of asset | 20,000 | 5,500 |
Net cash from investing activities | 20,000 | (6,500) |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Proceeds from the issuance of common stock | 1,530,110 | 1,299,024 |
Proceeds from the issuance of convertible notes payable | 206,600 | |
Proceeds from the issuance of convertible notes payable, related party | 6,000 | |
Proceeds from the issuance of notes payable | 50,000 | |
Payments on notes payable | (2,000) | (45,000) |
Proceeds from shareholders | 6,400 | |
Net cash provided by financing activities | 1,590,510 | 1,460,624 |
NET CHANGE IN CASH | (105,072) | (431,664) |
CASH, BEGINNING OF PERIOD | 186,873 | 618,537 |
CASH, END OF PERIOD | 81,801 | 186,873 |
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 | 283,202 | 84,086 |
Operating lease liabilities and right of use asset | 48,957 | |
Beneficial conversion feature on convertible notes payable | 6,000 | 202,100 |
Stock issued for prepaid services | 220,650 | |
Stock issued to purchase vehicle | $ 6,000 |
DESCRIPTION OF BUSINESS
DESCRIPTION OF BUSINESS | 12 Months Ended |
Dec. 31, 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. Per Florida Statutes, Seafarer made a timely request for renewal of the 2019 permit for Area 2 on July 29, 2021. In January of 2022, Seafarer received notification from the Florida Division of Historical Resources (FDHR) that its permit for Area 2, which was set to expire on January 19, 2022, has been continued indefinitely while the renewal request was being processed. The existing permits will continue until the renewal is finalized or rejected. Per Florida Statutes, Seafarer made a timely request for renewal of the 2019 permit for Area 1 on July 29, 2021. On March 2, 2022, Seafarer received notification that the permit would continue indefinitely with the same terms as Area 2. 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 conducting limited exploration operations at the Juno Beach shipwreck site while it awaits updated permitting from the Army Corp of Engineers and the Florida Department of Environmental Protection. Blockchain Software Services Referral Agreements Blockchain has a strategic partnership to provide referrals to a blockchain software services provider and receive referral fees when the referrals lead to closed business for the blockchain software services company. Blockchain also has a reseller agreement with a separate company that sells a blockchain related security product. Blockchain did not generate any revenues during the year ended December 31, 2021. Management is reviewing potential alternate plans for Blockchain and believes that it is highly unlikely that Blockchain will generate revenue in 2022. |
GOING CONCERN
GOING CONCERN | 12 Months Ended |
Dec. 31, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN | NOTE 2 – GOING CONCERN These 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 $ 22,550,211 2,625,414 1,668,699 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 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 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. Current Economic Conditions The Company and certain of its advisors are closely monitoring current domestic economic conditions. Of particular concern is the rate of inflation that has been reported as being near a 40 year high and had recently increased nearly 7% on a year-over-year basis from 2020 to 2021 and the rising cost of fuel. The increasing inflation in the overall economy may lead to higher interest rates which may make it more expensive or potentially more challenging for the Company to access financing. Additionally, the Companys vessels use large amounts of fuel when in operation and the recent rise in the per gallon cost of gasoline will cause an increase in the Companys operating expenses. The increase in the cost of fuel may hamper the Companys ability to conduct operations. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended |
Dec. 31, 2021 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES This summary of significant accounting policies of Seafarer Exploration Corp. is presented to assist in understanding the Companys consolidated financial statements. The consolidated financial statements and notes are representations of the Companys management, who are responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America (GAAP) and have been consistently applied in the preparation of the consolidated financial statements. Principles of Consolidation The 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 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 December 31, 2021 and 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 December 31, 2021, the Company did not have deposits in excess of the FDIC insured limit. Research and Development Expenses Expenditures for research and development are expensed as incurred. The Company incurred research and development expenses of $ 439,816 463,468 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. 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 years ended December 31, 2021 and 2020 were excluded from the dilutive loss per share calculation as they would be antidilutive due to the net loss. As of December 31, 2021 and 2020, there were approximately 648,056,162 663,053,249 Fair Value of Financial Instruments The carrying amounts of financial assets and liabilities, such as cash, accounts payable, accrued expenses, convertible notes payable and payables, approximate their fair values because of the short maturity of these instruments. Property, Plant and Equipment Property, plant and equipment are recorded at historical cost. Depreciation is computed on the straight-line method over the estimated useful lives of the respective assets. During the year ended December 31, 2019, the Company purchased a vessel with an estimated useful life of ten years. During the year ended December 31, 2020 the Company purchased a vehicle with an estimated useful life of seven years. As of December 31, 2021, these are the only capital assets owned by the Company. Depreciation expense was $ 21,860 20,379 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 the 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 years ended December 31, 2021 and 2020. Use of Estimates The process of preparing consolidated financial statements in conformity with GAAP requires the use of estimates and assumptions regarding certain types of assets, liabilities, revenues, and expenses. Significant estimates for the years ended December 31, 2021 and 2020 include useful life of property, plant and equipment, valuation allowances against deferred tax assets and the fair value of non cash equity transactions. Segment Information During 2019, 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 years ended December 31, 2021 and 2020 (see Note 11 – 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 In February 2016, the FASB issued Accounting Standards Update (ASU) 2016-02, Leases On January 1, 2019, the Company adopted ASU 2016-02, applying the package of practical expedients to leases that commenced before the effective date whereby the Company elected to not reassess the following: (i) whether any expired or existing contracts contain leases and; (ii) initial direct costs for any existing leases. For contracts entered into on or after the effective date, 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 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 new 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 RIGHT-OF-USE AS
OPERATING LEASE RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES | 12 Months Ended |
Dec. 31, 2021 | |
Leases [Abstract] | |
OPERATING LEASE RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES | NOTE 4 – OPERATING LEASE 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 6%, 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 years ended December 31, 2021 and 2020, the Company recorded $ 18,403 10,398 The Company leases 823 square feet of office space located at 14497 North Dale Mabry Highway, Suite 209-N, Tampa, Florida 33618. During the year ended December 31, 2019 and 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 In adopting Topic 842, the Company has elected the package of practical expedients, which permit it not to reassess under the new standard its prior conclusions about lease identification, lease classification and initial direct costs. The Company did not elect the use-of-hindsight or the practical expedient pertaining to land easements; the latter is not applicable to the Company. As permitted under the new guidance, the Company has made an accounting policy election not to apply the recognition provisions of the new 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. On January 1, 2019, upon adoption of Topic 842, the Company recorded right-of-use assets and lease liabilities of $22,575. 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 December 31, 2021 and 2020 are summarized below: Schedule of right-of- use assets December 31, 2021 December 31, 2020 Office lease $ 48,957 $ 48,957 Less accumulated amortization (21,946 ) (6,966 ) Right of use assets, net $ 27,011 $ 41,991 Amortization on the right -of -use asset is included in rent expense on the consolidated statements of operations. Operating lease liabilities are summarized below: Schedule of operating lease liabilities December 31, 2021 December 31, 2020 Office lease $ 27,594 $ 42,274 Less: current portion (16,876 ) (14,680 ) Long term portion $ 10,718 $ 27,594 Maturity of lease liabilities are as follows: Schedule of Maturity of lease liabilities Year ended December 31, 2022 $ 18,641 Year ended December 31, 2023 11,080 Total future minimum lease payments 29,721 Less: Present value discount (2,127 ) Lease liability $ 27,594 The Company also has an operating lease for a house located in Palm Bay, Florida that it leases on a month-to-month basis for $1,300 per month. The Company uses the house to store equipment and gear and to provide temporary work-related living quarters for its divers, personnel, consultants and independent contractors involved in its exploration and recovery operations. The Company also pays a rental fee for a space in a park on an as needed basis. |
INVESTMENT IN PROBABILITY AND S
INVESTMENT IN PROBABILITY AND STATISTICS, INC. | 12 Months Ended |
Dec. 31, 2021 | |
Investment In Probability And Statistics Inc. | |
INVESTMENT IN PROBABILITY AND STATISTICS, INC. | NOTE 5 – INVESTMENT IN PROBABILITY AND STATISTICS, INC. The Company entered into a share exchange agreement with Probability and Statistics, Inc. (P&S), a privately held corporation, in August of 2018. Under the terms of the share exchange agreement, the Company agreed to issue 60,000,000 shares of its restricted common stock to P&S in exchange for 10,000 common shares of P&S, or a 1% interest. All shares issued by both parties under the agreement have all rights and entitlements as the common stock of every other shareholder of such share class. The investment in P&S was valued at $78,000 based on the fair value of the Companys shares issued to P&S on the date of the share exchange agreement and is being accounted for as a cost method investment. The Company received dividends from P&S during the years ended December 31, 2021 and 2020 of $0 and $4,500 respectively, which have been presented as dividend income on the consolidated statements of operations. In August of 2020, the Company and P&S entered into a new agreement to effectively unwind the previous share exchange agreement. Under the terms of the new agreement, Seafarer agreed to exchange 10,000 shares of P&S for 60,000,000 shares of its common stock. As a result of the transaction in August of 2020, the Company realized a disposal of investment of $354,000. Seafarer also has an agreement with P&S to receive referral fees. Under the terms of the agreement, P&S has agreed to pay a 7% referral fee to the Company when P&S receives cash flows from providing blockchain software services to entities that were referred by the Company. The agreement is ongoing and has no expiration date, however the Company does not anticipate that it will receive any referral fees from P&S in the future. During the years ended December 31, 2021 and 2020, P&S paid a total of $0 and $4,200, respectively, of referral fees to the Company. These amounts are included in service income in the consolidated statements of operations. |
CONVERTIBLE NOTES PAYABLE AND N
CONVERTIBLE NOTES PAYABLE AND NOTES PAYABLE | 12 Months Ended |
Dec. 31, 2021 | |
Debt Disclosure [Abstract] | |
CONVERTIBLE NOTES PAYABLE AND NOTES PAYABLE | NOTE 6 – CONVERTIBLE NOTES PAYABLE AND NOTES PAYABLE Convertible Notes Payable PAYABLE The following table reflects the convertible notes payable as of December 31, 2021 and 2020: Schedule of Convertible Notes Payable Issue Date Maturity December 31, 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 December 31, 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 Notes payable, Face Value 10/13/21 04/13/22 3,000 — 2.00% 0.0020 Notes payable, Face Value 11/10/21 05/10/22 3,000 — 2.00% 0.0020 Face value 6,000 110,600 Less unamortized discounts ( 3,864 ) (24,431 ) Balance convertible notes payable - related parties $ 2,136 $ 86,169 Issue Date Maturity December 31, 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 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 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 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 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 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 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 $ 235,300 $ 308,300 Issue Date Maturity December 31, 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 $ 875,936 $ 953,944 Notes Payable The following tables reflect the notes payable at December 31, 2021 and 2020: Schedule of Notes Payable Issue Date Maturity December 31, December 31, Rate Principal Principal Notes payable Notes payable, Face Value 12/08/21 01/08/22 $ 50,000 $ - 6.00% Balance notes payable $ 50,000 $ - Issue Date Maturity December 31, 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 18,000 20,000 6.00% Notes payable, Face Value 11/29/17 11/29/19 105,000 105,000 2.06% Balance notes payable – default $ 128,000 $ 130,000 Issue Date Maturity December 31, 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 $ 196,500 $ 148,500 The convertible notes payable are convertible into a fixed number of shares and with no down round protection features. The Company accounted for the beneficial conversion features based on the intrinsic value at the date of issuance. During the years ended December 31, 2021 and 2020, the Company recognized beneficial conversion features totaling $6,000 and $202,100, respectively. The discount from the beneficial conversion features are being amortized through charges to interest expense over the term of the convertible notes payable. For the years ended December 31, 2021 and 2020, the Company recorded interest expense related to the amortization of debt discounts in the amount of approximately $40,000 and $240,000 which is included in interest expense on the consolidated statements of operations. New Convertible Notes Payable Issued During the Years Ended December 31, 2021 and 2020 During the year ended December 31, 2021, the Company entered into the following Convertible Notes Payable and Notes Payable Agreements: In October of 2021, the Company entered into a convertible promissory note agreement in the amount of $3,000 with a related party who is a member of the Board of Directors. This note pays interest at a rate of 2% per annum and the principal and accrued interest is due on or before April 13, 2022. The note is unsecured and is convertible at the lenders option into shares of the Companys common stock at a rate of $0.0020 per share. In November of 2021, the Company entered into a convertible promissory note agreement in the amount of $3,000 with a related party who is a member of the Board of Directors. This note pays interest at a rate of 2% per annum and the principal and accrued interest is due on or before May 10, 2022. The note is unsecured and is convertible at the lenders option into shares of the Companys common stock at a rate of $0.0020 per share. During the year ended December 31, 2020, the Company entered into the following Convertible Notes Payable and Notes Payable Agreements: In January of 2020, the Company entered into a convertible promissory note agreement in the amount of $51,000 with a related party who is a member of the Board of Directors. This note pays interest at a rate of 6% per annum and the principal and accrued interest was due on or before June 30, 2020. The note is unsecured and is convertible at the lenders option into shares of the Companys common stock at a rate of $0.003 per share. This note is currently in default due to non payment of principal and interest. In August of 2020, the Company entered into a convertible promissory note agreement in the amount of $25,200 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 February 6, 2021. The note is unsecured and is convertible at the lenders option into shares of the Companys common stock at a rate of $0.0035 per share. This note is currently in default due to non payment of principal and interest. In August of 2020, the Company entered into a convertible promissory note agreement in the amount of $35,000 with a related party. This note pays interest at a rate of 6% per annum and the principal and accrued interest was due on or before February 6, 2021. The note is unsecured and is convertible at the lenders option into shares of the Companys common stock at a rate of $0.0035 per share. This note is currently in default due to non payment of principal and interest. In August of 2020, the Company entered into a convertible promissory note agreement in the amount of $50,400 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 February 14, 2021. The note is unsecured and is convertible at the lenders option into shares of the Companys common stock at a rate of $0.0035 per share. This note is currently in default due to non payment of principal and interest. In September of 2020, the Company entered into a convertible promissory note agreement in the amount of $45,000 with an individual. This note pays interest at a rate of 6% per annum and the principal and accrued interest was due on or before March 1, 2021. 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. This note is currently in default due to non payment of principal and interest. Note Conversions During the year ended December 31, 2021: The Company issued 8,734,640 shares of restricted common stock to a related party to settle $20,302 of accrued interest owed on sixteen convertible notes payable 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 interest on a convertible note payable with a total share value of $79,530. The Company issued 35,615,390 shares of restricted common stock to a convertible note holder to settle $73,000 of the principal balance and $28,761 of accrued interest on four convertible notes payable with a total share value of $146,024. During the year ended December 31, 2020: The Company issued 39,781,082 shares of restricted common stock to settle $84,086 of principal and accrued interest owed on three convertible notes payable. The remaining principal balance of all of these notes was $0 at December 31, 2020. Repayment of Promissory Note During the years ended December 31, 2021 and 2020, the Company repaid a total of $2,000 and $45,000, respectively, of the principal of a promissory note with an original principal balance of $75,000 that was due on December 14, 2018. The remaining principal balance of the note at December 31, 2021 was $18,000. Shareholder Loan At December 31, 2021, the Company had the following four loans outstanding to its CEO in the aggregate amount of $7,900: - A loan with no due date with a $1,500 remaining balance and an interest rate of 2% and a conversion rate of $0.0005; - A loan due on October 26, 2021 with a remaining balance of $4,000 and an interest rate of 1%; - A loan due on January 22, 2022 with a remaining balance of $1,400 and an interest rate of 1%; and - A loan due on January 26, 2022 with a remaining balance of $1,000 and an interest rate of 1%; Repayment of Shareholder Loan During the year ended December 31, 2021 the Company repaid its CEO $2,000 for a loan dated April 26, 2021 that had an original principle balance of $6,000. 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 | 12 Months Ended |
Dec. 31, 2021 | |
Equity [Abstract] | |
STOCKHOLDERS’ DEFICIT | NOTE 7 – STOCKHOLDERS DEFICIT The Companys total authorized capital stock consists of 9,900,000,000 0.0001 Preferred Stock The Company is authorized to issue 50,000,000 Series A Preferred Stock At December 31, 2021 and 2020, the Company had seven Each share of Series A preferred stock has the right to convert into 214,289 shares of the Companys common stock. In the event of a liquidation, Series A have preference. Series B Preferred Stock On February 10, 2014, the Board of Directors of the Company under the authority granted under Article V of the Articles of Incorporation, defined and created a new preferred series of shares from the 50,000,000 authorized preferred shares. Pursuant to Article V, the Board of Directors has the power to designate such shares and all powers and matters concerning such shares. Such share class shall be designated Preferred Class B. The preferred class was created for 60 Preferred Class B shares. Such shares each have a voting power equal to one percent of the outstanding shares issued (totaling 60%) at the time of any vote action as necessary for share votes under Florida law, with or without a shareholder meeting. Common Stock Issuances During the year ended December 31, 2021, the Company issued or is to issue the following shares of restricted common stock: - 720,353,061 restricted shares for total proceeds of $1,530,110. - 59,944,277 restricted shares to settle $283,202 of principal and accrued interest owed on various convertible notes payable. The Company had a loss on extinguishment of debt totaling $121,847. - 79,337,336 restricted shares for services provided by consultants, contractors, advisory members, board members, and other service providers with a value of $197,882. The Company determined the fair value of the shares issued using the stock price on date of issuance. Compensation expense is recognized as the services are provided to the Company. - 1,000,000 restricted shares issued as a financing fee to a convertible promise note holder. During the year ended December 31, 2020, the Company issued or is to issue the following shares of restricted common stock: - 425,777,619 shares for total proceeds of $1,299,024. - 136,842,821 restricted shares for services provided by consultants, contractors, advisory members, board members, and other service providers. The Company determined the fair value of the shares issued using the stock price on date of grant or issuance. Compensation expense is recognized as the services are provided to the Company. For the year ended December 31, 2020, the Company incurred $751,416 of compensation expense for stock issued for services and have prepaid expenses of $123,039 at December 31, 2020 for stock issued prior to services being performed. The Company recorded unearned compensation of $67,058 on its consolidated balance sheet for the year ended December 31, 2020. - 39,781,082 shares to settle $84,086 of principle and accrued interest owed on various convertible notes payable and one note payable. - 1,000,000 shares valued at $6,000 for the purchase of a vehicle. The Company determined the fair value of the shares issued for the purchase of the vehicle using the stock price on the date of the bill of sale. - 1,000,000 shares valued at $9,700 issued as charitable contributions to a charity. The Company determined the fair value of the shares issued using the stock price on date of issuance. - 60,000,000 shares were cancelled and returned to the treasure (See Note 5 – Investment in Probability and Statistics, Inc.). - 10,120,000 restricted shares reclassed from common stock to be issued. Warrants and Options The Company did not issue any warrants or options during the years ended December 31, 2021 and 2020. At December 31, 2021, the Company had warrants to purchase a total of 4,000,000 shares of its restricted common stock outstanding. The following table shows the warrants outstanding at December 31, 2021 and 2020: Schedule of Warrants Outstanding Number of Weighted Average Weighted Average Average Warrants Exercise Price Remaining Life (Years) Intrinsic Value Outstanding, December 31, 2019 8,000,000 $ 0.0040 1.83 $ 0.0038 Granted - - - - Forfeited or expired (4,000,000 ) 0.0030 - 0.0033 Exercised - - - - 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, December 21, 2021 4,000,000 $ 0.0050 0.92 $ 0.0010 Exercisable, December 21, 2021 4,000,000 $ 0.0050 0.92 $ 0.0010 |
INCOME TAXES
INCOME TAXES | 12 Months Ended |
Dec. 31, 2021 | |
Income Tax Disclosure [Abstract] | |
INCOME TAXES | NOTE 8 – INCOME TAXES At December 31, 2021 and 2020, the Company had available Federal and state net operating loss carry forwards (NOLs) to reduce future taxable income. The amounts available were approximately $ 22,600,000 19,925,000 The Company adopted FASB guidelines that address the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. This guidance also provides guidance on derecognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures. As of December 31, 2021 and 2020, the Company did not have a liability for unrecognized tax benefits. The valuation allowance at December 31, 2021 was $ 5,414,960 The Companys policy is to record interest and penalties on uncertain tax provisions as income tax expense. As of December 31, 2021 and 2020, the Company has not accrued interest or penalties related to uncertain tax positions. Additionally, tax years 2018 through 2020 remain open to examination by the major taxing jurisdictions to which the Company is subject. The Company is preparing and reviewing information for tax returns for past years. Due to the Companys lack of revenue since inception management does not believe that there is any income tax liability for past years. There are currently no open federal or state tax years under audit. Upon the attainment of taxable income by the Company, management will assess the likelihood of realizing the tax benefit associated with the use of the carry forwards and will recognize a deferred tax asset at that time. The items accounting for the difference between income taxes computed at the federal statutory rate and the provision for income taxes are as follows: Schedule of Income taxes computed at the federal statutory rate and the provision for income taxes For the Year For the Year Ended Ended December 31, 2021 December 31, 2020 Income tax at federal statutory rate (21.00 )% (21.00 )% State tax, net of federal effect (3.96 )% (3.96 )% (24.96 )% (24.96 )% Valuation allowance 24.96 % 24.96 % Effective rate 0.00 % 0.00 % Deferred income taxes reflect the net tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. As of December 31, 2021 and 2020, the Companys only significant deferred income tax asset was a cumulative estimated net tax operating loss of approximately $ 22,600,000 19,925,000 |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 12 Months Ended |
Dec. 31, 2021 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTINGENCIES | NOTE 9 – 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 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 | 12 Months Ended |
Dec. 31, 2021 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | NOTE 10 – RELATED PARTY TRANSACTIONS During the year ended December 31, 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 In October of 2021, the Company entered into a convertible promissory note agreement in the amount of $3,000 with a related party who is a member of the Board of Directors. This note pays interest at a rate of 2% per annum and the principal and accrued interest is due on or before April 13, 2022. The note is unsecured and is convertible at the lenders option into shares of the Companys common stock at a rate of $0.0020 per share. In October of 2021, Seafarers CEO provided a loan to the Company in the amount of $1,400. The loan pays a 1% annual rate of interest, was due and payable on January 25, 2022 and is not secured. In October of 2021, Seafarers CEO provided a loan to the Company in the amount of $1,000. The loan pays a 1% annual rate of interest, was due and payable on January 26, 2022 and is not secured. In November of 2021, the Company entered into a convertible promissory note agreement in the amount of $3,000 with a related party who is a member of the Board of Directors. This note pays interest at a rate of 2% per annum and the principal and accrued interest is due on or before May 10, 2022. The note is unsecured and is convertible at the lenders option into shares of the Companys common stock at a rate of $0.0020 per share. In December of 2021, the Company extended the term of previous agreements with four individuals to continue serving as members of the Companys Board of Directors. Two of the individuals are related to the Companys CEO. Under the agreement, the Directors agreed to provide various services to the Company including making recommendations for both the short term and the long term business strategies to be employed by the Company, monitoring and assessing the Companys business and to advise the Companys Board of Directors with respect to an appropriate business strategy on an ongoing basis, commenting on proposed corporate decisions and identifying and evaluating alternative courses of action, making suggestions to strengthen the Companys operations, identifying and evaluating external threats and opportunities to the Company, evaluating and making ongoing recommendations to the Board with respect for one year and may be terminated by either the Company or the Director by providing written notice to the other party. The previous agreement also terminates automatically upon the death, resignation or removal of the Directors. Under the terms of the agreement, the Company agreed to compensate the Board members via payment of 10,000,000 restricted shares of its common stock each, an aggregate total of 40,000,000 shares, and to negotiate future compensation on a year-by-year basis. The Company also agreed to reimburse the individuals for preapproved expenses. 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 the Companys CEO to pay the related party limited liability company a variable amount per month plus periodic bonuses to provide general business consulting and assessing the Companys business and to advise management with respect to an appropriate business strategy on an ongoing basis, commenting on proposed corporate decisions, perform period background research including background checks and provide investigative information on individuals and companies and to assist, when needed, as an administrative specialist to perform various administrative duties and clerical services including reviewing the Companys agreements and books and records. The consultant provides the services under the direction and supervision of the Companys CEO. During the years ended December 31, 2021 and 2020, the Company paid the related party consultant fees of $15,000 and $58,000, respectively, for services rendered. These fees are recorded as an expense in consulting and contractor expenses in the accompanying consolidated statements of operations. At December 31, 2021 and 2020, the Company owed the related party limited liability company $0. 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 years ended December 31, 2021 and 2020 the Company paid the related party limited liability company fees of $ 12,025 11,295 During the years ended December 31, 2021 and 2020, the Company paid a related party consultant fees of $ 38,000 18,750 30,600 0 The Company issued 8,734,640 shares of restricted common stock to a related party to settle $20,302 of accrued interest owed on sixteen convertible notes payable. During the years ended December 31, 2021 and 2020 the Company paid a related party individual fees of $8,500 and $0 respectively, for graphic design services. $5,500 of the fees are recorded as an expense in consulting and contractor expenses in the accompanying consolidated statements of operations and $3,000 of the fees were recorded as a prepaid expense on the accompanying consolidated balance sheets. During the years ended December 31, 2021 and 2020 the Company paid fees of $31,943 and $24,000 to one of its Board members for business consulting and strategic advisory services that were separate from his duties as a member of the Company’s Board of Directors. During the years ended December 31, 2021 and 2020 the Company paid fees of $22,000 and $20,000 to a limited liability company controlled by one of its Board members for business consulting and strategic advisory services that were separate from his duties as a member of the Company’s Board of Directors, During the year ended December 31, 2020, the Company has had extensive dealings with related parties including the following: In January of 2020, the Company entered into a convertible promissory note agreement in the amount of $51,000 with a related party who is a member of the Board of Directors. This note pays interest at a rate of 6% per annum and the principal and accrued interest was due on or before June 30, 2020. The note is unsecured and is convertible at the lenders option into shares of the Companys common stock at a rate of $0.003 per share. This note is currently in default due to non payment of principal and interest upon maturity. In August of 2020, the Company entered into a convertible promissory note agreement in the amount of $25,200 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 February 6, 2021. The note is unsecured and is convertible at the lenders option into shares of the Companys common stock at a rate of $0.0035 per share. This note is currently in default due to non payment of principal and interest. In August of 2020, the Company entered into a convertible promissory note agreement in the amount of $35,000 with a related party. This note pays interest at a rate of 6% per annum and the principal and accrued interest was due on or before February 6, 2021. The note is unsecured and is convertible at the lenders option into shares of the Companys common stock at a rate of $0.0035 per share. This note is currently in default due to non payment of principal and interest. In August of 2020, the Company entered into a convertible promissory note agreement in the amount of $50,400 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 February 14, 2021. The note is unsecured and is convertible at the lenders option into shares of the Companys common stock at a rate of $0.0035 per share. This note is currently in default due to non payment of principal and interest. In December of 2020, the Company extended the term of previous agreements with four individuals to continue serving as members of the Companys Board of Directors. Two of the individuals are related to the Companys CEO. Under the agreement, the Directors agreed to provide various services to the Company including making recommendations for both the short term and the long term business strategies to be employed by the Company, monitoring and assessing the Companys business and to advise the Companys Board of Directors with respect to an appropriate business strategy on an ongoing basis, commenting on proposed corporate decisions and identifying and evaluating alternative courses of action, making suggestions to strengthen the Companys operations, identifying and evaluating external threats and opportunities to the Company, evaluating and making ongoing recommendations to the Board with respect for one year and may be terminated by either the Company or the Director by providing written notice to the other party. The previous agreement also terminates automatically upon the death, resignation or removal of the Directors. Under the terms of the agreement, the Company agreed to compensate the Board members via payment of 5,000,000 restricted shares of its common stock each, an aggregate total of 20,000,000 shares, and to negotiate future compensation on a year-by-year basis. The Company also agreed to reimburse the individuals for preapproved expenses. Shareholder Loan Repayment During the year ended December 31, 2021 the Company repaid its CEO $2,000 for a loan dated April 26, 2021 that had an original principle balance of $6,000. At December 31, 2021, the following promissory notes and shareholder loans were outstanding to related parties: See Note 6 convertible notes payable – related parties, convertible notes payable – related parties, in default, and notes payable - related parties, in default. |
SEGMENT INFORMATION
SEGMENT INFORMATION | 12 Months Ended |
Dec. 31, 2021 | |
Segment Reporting [Abstract] | |
SEGMENT INFORMATION | NOTE 11 – SEGMENT INFORMATION Seafarers wholly owned subsidiary Blockchain began operations in 2019 by providing referrals to P&S (See Note 5 - Investment in Probability and Statistics, Inc.) in exchange for referral fees for closed business. Due to Blockchain starting operations which have no relation to the 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 years ended December 31, 2021 and 2020 incurred by the two separate segments below. During the years ended December 31, 2021 and 2020, Blockchain revenues of $0 and $4,200 respectively, were 0% and 39.6%, respectively, of the consolidated revenues of the Company. Segment information relating to the Companys two operating segments for the year ended December 31, 2021 is as follows: Schedule of Segment Reporting Information, by Segment December 31, 2021 December 31, 2021 December 31, 2021 Blockchain LogisTech, LLC Seafarer Exploration Corp. Consolidated Service revenues $ - $ 23,761 $ 23,761 Total operating expenses 45,143 2,324,238 2,369,381 Net loss from operations $ (45,143 ) $ (2,300,477 ) $ (2,345,620 ) Segment information relating to the Companys two operating segments for the year ended December 31, 2020 is as follows: December 31, 2020 December 31, 2020 December 31, 2020 Blockchain LogisTech, LLC Seafarer Exploration Corp. Consolidated Service revenues $ 4,200 $ 6,422 $ 10,622 Total operating expenses 23,469 2,686,359 2,709,828 Net loss from operations $ (19,269 ) $ (2,679,937 ) $ (2,699,206 ) |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 12 Months Ended |
Dec. 31, 2021 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 12 – SUBSEQUENT EVENTS On January 18, 2022, Seafarer received notification from the Circuit Court of the Thirteenth Judicial Circuit that 61,183,645 restricted common shares from the Defendant could be returned to the Plaintiff. On January 19, 2022, such shares were returned to the treasury stock of Seafarer and accounted for by Seafarer’s transfer agent. The settlement also included “Defendant (Torres) has agreed and hereby it is recognized by the Court that Defendant has made a full retraction of his assertions…” and agreed to pay back an undisclosed amount of money to Seafarer that the Company does not anticipate being able to collect. Subsequent to December 31, 2021 the Company sold or issued shares of its restricted common stock as follows: (i) sales of 328,000,000 664,000 (ii) issuance of 33,885,913 shares of restricted common stock to various service providers. Subsequent to December 31, 2021 the following loans went into default: 1) A loan due to the Company’s CEO in the amount of $1,400 was due January 25, 2022; and 2) A loan due to the Company’s CEO in the amount of $1,000 was due January 26, 2022. Subsequent to December 31, 2021 the following loans were repaid: 1) A convertible promissory with a face value of $50,000 that was due January 8, 2022 was paid in full prior to the due date. |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 12 Months Ended |
Dec. 31, 2021 | |
Accounting Policies [Abstract] | |
Principles of Consolidation | Principles of Consolidation The 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 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 December 31, 2021 and 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 December 31, 2021, the Company did not have deposits in excess of the FDIC insured limit. |
Research and Development Expenses | Research and Development Expenses Expenditures for research and development are expensed as incurred. The Company incurred research and development expenses of $ 439,816 463,468 |
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. |
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 years ended December 31, 2021 and 2020 were excluded from the dilutive loss per share calculation as they would be antidilutive due to the net loss. As of December 31, 2021 and 2020, there were approximately 648,056,162 663,053,249 |
Fair Value of Financial Instruments | Fair Value of Financial Instruments The carrying amounts of financial assets and liabilities, such as cash, accounts payable, accrued expenses, convertible notes payable and payables, approximate their fair values because of the short maturity of these instruments. |
Property, 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 seven years. As of December 31, 2021, these are the only capital assets owned by the Company. Depreciation expense was $ 21,860 20,379 |
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 the 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 years ended December 31, 2021 and 2020. |
Use of Estimates | Use of Estimates The process of preparing consolidated financial statements in conformity with GAAP requires the use of estimates and assumptions regarding certain types of assets, liabilities, revenues, and expenses. Significant estimates for the years ended December 31, 2021 and 2020 include useful life of property, plant and equipment, valuation allowances against deferred tax assets and the fair value of non cash equity transactions. |
Segment Information | Segment Information During 2019, 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 years ended December 31, 2021 and 2020 (see Note 11 – 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 In February 2016, the FASB issued Accounting Standards Update (ASU) 2016-02, Leases On January 1, 2019, the Company adopted ASU 2016-02, applying the package of practical expedients to leases that commenced before the effective date whereby the Company elected to not reassess the following: (i) whether any expired or existing contracts contain leases and; (ii) initial direct costs for any existing leases. For contracts entered into on or after the effective date, 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 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 new 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 RIGHT-OF-USE _2
OPERATING LEASE RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Leases [Abstract] | |
Schedule of right-of- use assets | Right-of-use assets at December 31, 2021 and 2020 are summarized below: Schedule of right-of- use assets |
OPERATING LEASE AND RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES | December 31, 2021 December 31, 2020 Office lease $ 48,957 $ 48,957 Less accumulated amortization (21,946 ) (6,966 ) Right of use assets, net $ 27,011 $ 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) | December 31, 2021 December 31, 2020 Office lease $ 27,594 $ 42,274 Less: current portion (16,876 ) (14,680 ) Long term portion $ 10,718 $ 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, 2022 $ 18,641 Year ended December 31, 2023 11,080 Total future minimum lease payments 29,721 Less: Present value discount (2,127 ) Lease liability $ 27,594 |
CONVERTIBLE NOTES PAYABLE AND_2
CONVERTIBLE NOTES PAYABLE AND NOTES PAYABLE (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Debt Disclosure [Abstract] | |
Schedule of Convertible Notes Payable | The following table reflects the convertible notes payable as of December 31, 2021 and 2020: Schedule of Convertible Notes Payable Issue Date Maturity December 31, 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 December 31, 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 Notes payable, Face Value 10/13/21 04/13/22 3,000 — 2.00% 0.0020 Notes payable, Face Value 11/10/21 05/10/22 3,000 — 2.00% 0.0020 Face value 6,000 110,600 Less unamortized discounts ( 3,864 ) (24,431 ) Balance convertible notes payable - related parties $ 2,136 $ 86,169 Issue Date Maturity December 31, 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 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 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 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 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 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 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 $ 235,300 $ 308,300 Issue Date Maturity December 31, 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 $ 875,936 $ 953,944 |
[custom:DisclosureConvertibleNotesPayableAndNotesPayableDetailsAbstract] | Issue Date Maturity December 31, 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 December 31, 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 Notes payable, Face Value 10/13/21 04/13/22 3,000 — 2.00% 0.0020 Notes payable, Face Value 11/10/21 05/10/22 3,000 — 2.00% 0.0020 Face value 6,000 110,600 Less unamortized discounts ( 3,864 ) (24,431 ) Balance convertible notes payable - related parties $ 2,136 $ 86,169 Issue Date Maturity December 31, 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 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 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 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 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 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 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 $ 235,300 $ 308,300 Issue Date Maturity December 31, 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 $ 875,936 $ 953,944 |
Schedule of Notes Payable | The following tables reflect the notes payable at December 31, 2021 and 2020: Schedule of Notes Payable Issue Date Maturity December 31, December 31, Rate Principal Principal Notes payable Notes payable, Face Value 12/08/21 01/08/22 $ 50,000 $ - 6.00% Balance notes payable $ 50,000 $ - Issue Date Maturity December 31, 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 18,000 20,000 6.00% Notes payable, Face Value 11/29/17 11/29/19 105,000 105,000 2.06% Balance notes payable – default $ 128,000 $ 130,000 Issue Date Maturity December 31, 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 $ 196,500 $ 148,500 |
STOCKHOLDERS_ DEFICIT (Tables)
STOCKHOLDERS’ DEFICIT (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Equity [Abstract] | |
Schedule of Warrants Outstanding | The following table shows the warrants outstanding at December 31, 2021 and 2020: Schedule of Warrants Outstanding |
STOCKHOLDERS' DEFICIT | Number of Weighted Average Weighted Average Average Warrants Exercise Price Remaining Life (Years) Intrinsic Value Outstanding, December 31, 2019 8,000,000 $ 0.0040 1.83 $ 0.0038 Granted - - - - Forfeited or expired (4,000,000 ) 0.0030 - 0.0033 Exercised - - - - 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, December 21, 2021 4,000,000 $ 0.0050 0.92 $ 0.0010 Exercisable, December 21, 2021 4,000,000 $ 0.0050 0.92 $ 0.0010 |
INCOME TAXES (Tables)
INCOME TAXES (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Income Tax Disclosure [Abstract] | |
Schedule of Income taxes computed at the federal statutory rate and the provision for income taxes | The items accounting for the difference between income taxes computed at the federal statutory rate and the provision for income taxes are as follows: Schedule of Income taxes computed at the federal statutory rate and the provision for income taxes |
INCOME TAXES | For the Year For the Year Ended Ended December 31, 2021 December 31, 2020 Income tax at federal statutory rate (21.00 )% (21.00 )% State tax, net of federal effect (3.96 )% (3.96 )% (24.96 )% (24.96 )% Valuation allowance 24.96 % 24.96 % Effective rate 0.00 % 0.00 % |
SEGMENT INFORMATION (Tables)
SEGMENT INFORMATION (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Segment Reporting [Abstract] | |
Schedule of Segment Reporting Information, by Segment | Segment information relating to the Companys two operating segments for the year ended December 31, 2021 is as follows: Schedule of Segment Reporting Information, by Segment December 31, 2021 December 31, 2021 December 31, 2021 Blockchain LogisTech, LLC Seafarer Exploration Corp. Consolidated Service revenues $ - $ 23,761 $ 23,761 Total operating expenses 45,143 2,324,238 2,369,381 Net loss from operations $ (45,143 ) $ (2,300,477 ) $ (2,345,620 ) Segment information relating to the Companys two operating segments for the year ended December 31, 2020 is as follows: December 31, 2020 December 31, 2020 December 31, 2020 Blockchain LogisTech, LLC Seafarer Exploration Corp. Consolidated Service revenues $ 4,200 $ 6,422 $ 10,622 Total operating expenses 23,469 2,686,359 2,709,828 Net loss from operations $ (19,269 ) $ (2,679,937 ) $ (2,699,206 ) |
[custom:DisclosureSegmentInformationDetailsAbstract] | December 31, 2021 December 31, 2021 December 31, 2021 Blockchain LogisTech, LLC Seafarer Exploration Corp. Consolidated Service revenues $ - $ 23,761 $ 23,761 Total operating expenses 45,143 2,324,238 2,369,381 Net loss from operations $ (45,143 ) $ (2,300,477 ) $ (2,345,620 ) Segment information relating to the Companys two operating segments for the year ended December 31, 2020 is as follows: December 31, 2020 December 31, 2020 December 31, 2020 Blockchain LogisTech, LLC Seafarer Exploration Corp. Consolidated Service revenues $ 4,200 $ 6,422 $ 10,622 Total operating expenses 23,469 2,686,359 2,709,828 Net loss from operations $ (19,269 ) $ (2,679,937 ) $ (2,699,206 ) |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Retained Earnings (Accumulated Deficit) | $ 22,550,211 | $ 19,924,797 |
Net Income (Loss) Attributable to Parent | 2,625,414 | $ 2,660,813 |
Working Capital Defecit | $ 1,668,699 |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Accounting Policies [Abstract] | ||
Research and Development Expense | $ 439,816 | $ 463,468 |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 648,056,162 | 663,053,249 |
Depreciation | $ 21,860 | $ 20,379 |
OPERATING LEASE AND RIGHT-OF-US
OPERATING LEASE AND RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Details) - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Leases [Abstract] | ||
Office lease | $ 48,957 | $ 48,957 |
Less accumulated amortization | (21,946) | (6,966) |
Right of use assets, net | $ 27,011 | $ 41,991 |
OPERATING LEASE AND RIGHT-OF-_2
OPERATING LEASE AND RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Details 2) - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Leases [Abstract] | ||
Office lease | $ 27,594 | $ 42,274 |
Less: current portion | (16,876) | (14,680) |
Long term portion | $ 10,718 | $ 27,594 |
OPERATING LEASE AND RIGHT-OF-_3
OPERATING LEASE AND RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Details 3) - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Leases [Abstract] | ||
Year ended December 31, 2022 | $ 18,641 | |
Year ended December 31, 2023 | 11,080 | |
Total future minimum lease payments | 29,721 | |
Less: Present value discount | (2,127) | |
Lease liability | $ 27,594 | $ 42,274 |
OPERATING LEASE RIGHT-OF-USE _3
OPERATING LEASE RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Details Narrative) - USD ($) | 1 Months Ended | 12 Months Ended | ||||
Jul. 31, 2023 | Jul. 31, 2022 | Jul. 31, 2021 | Jul. 31, 2020 | Dec. 31, 2021 | Dec. 31, 2020 | |
Leases [Abstract] | ||||||
Operating Lease, Expense | $ 18,403 | $ 10,398 | ||||
Monthly Rents | $ 1,611 | $ 1,564 | $ 1,519 | $ 1,475 | $ 41,182 | $ 41,986 |
CONVERTIBLE NOTES PAYABLE AND_3
CONVERTIBLE NOTES PAYABLE AND NOTES PAYABLE (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Sep. 30, 2021 | |
Short-term Debt [Line Items] | |||
Balance convertible notes payable | $ 31,575 | ||
Balance convertible notes payable - related parties | 2,136 | 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, 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 | 6,000 | $ 110,600 | |
Less unamortized discounts | 3,864 | (24,431) | |
Balance convertible notes payable - related parties | 2,136 | 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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0035 | ||
Debt Instrument, Issuance Date | Aug. 6, 2020 | ||
Debt Instrument, Maturity Date | Feb. 6, 2021 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0035 | ||
Debt Instrument, Issuance Date | Aug. 6, 2020 | ||
Debt Instrument, Maturity Date | Feb. 6, 2021 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0035 | ||
Debt Instrument, Issuance Date | Aug. 14, 2020 | ||
Debt Instrument, Maturity Date | Feb. 14, 2021 | ||
Convertible Notes Payable Related Party [Member] | Notes Issued 101321 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | 3,000 | ||
Debt Instrument, Interest Rate, Stated Percentage | 2.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0020 | ||
Debt Instrument, Issuance Date | Oct. 13, 2021 | ||
Debt Instrument, Maturity Date | Apr. 13, 2022 | ||
Convertible Notes Payable Related Party [Member] | Notes Issued 111021 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 3,000 | ||
Debt Instrument, Interest Rate, Stated Percentage | 2.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0020 | ||
Debt Instrument, Issuance Date | Nov. 10, 2021 | ||
Debt Instrument, Maturity Date | May 10, 2022 | ||
Convertible Notes Payable Default [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 308,300 | $ 235,300 | |
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, Interest Rate, Stated Percentage | 10.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0150 | ||
Debt Instrument, Issuance Date | Aug. 28, 2009 | ||
Debt Instrument, Maturity Date | Nov. 1, 2009 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0050 | ||
Debt Instrument, Issuance Date | Nov. 20, 2012 | ||
Debt Instrument, Maturity Date | May 20, 2013 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0040 | ||
Debt Instrument, Issuance Date | Jan. 19, 2013 | ||
Debt Instrument, Maturity Date | Jul. 30, 2013 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0060 | ||
Debt Instrument, Issuance Date | Feb. 11, 2013 | ||
Debt Instrument, Maturity Date | Aug. 11, 2013 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0125 | ||
Debt Instrument, Issuance Date | Sep. 25, 2013 | ||
Debt Instrument, Maturity Date | Mar. 25, 2014 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0125 | ||
Debt Instrument, Issuance Date | Oct. 4, 2013 | ||
Debt Instrument, Maturity Date | Apr. 4, 2014 | ||
Convertible Notes Payable Default [Member] | Notes Issued 103013 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 50,000 | ||
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0125 | ||
Debt Instrument, Issuance Date | Oct. 30, 2013 | ||
Debt Instrument, Maturity Date | Oct. 30, 2014 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0070 | ||
Debt Instrument, Issuance Date | May 15, 2014 | ||
Debt Instrument, Maturity Date | Nov. 15, 2014 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0020 | ||
Debt Instrument, Issuance Date | Sep. 18, 2015 | ||
Debt Instrument, Maturity Date | Mar. 18, 2016 | ||
Convertible Notes Payable Default [Member] | Notes Issued 040416 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 10,000 | ||
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0010 | ||
Debt Instrument, Issuance Date | Apr. 4, 2016 | ||
Debt Instrument, Maturity Date | Oct. 4, 2016 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0015 | ||
Debt Instrument, Issuance Date | Jul. 19, 2016 | ||
Debt Instrument, Maturity Date | Jul. 19, 2017 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0006 | ||
Debt Instrument, Issuance Date | Mar. 6, 2018 | ||
Debt Instrument, Maturity Date | Sep. 6, 2018 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0006 | ||
Debt Instrument, Issuance Date | Feb. 6, 2018 | ||
Debt Instrument, Maturity Date | Nov. 7, 2018 | ||
Convertible Notes Payable Default [Member] | Notes Issued 102918 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 3,000 | ||
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0007 | ||
Debt Instrument, Issuance Date | Oct. 29, 2018 | ||
Debt Instrument, Maturity Date | Apr. 29, 2019 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0010 | ||
Debt Instrument, Issuance Date | Jan. 3, 2019 | ||
Debt Instrument, Maturity Date | Jul. 3, 2019 | ||
Convertible Notes Payable Default [Member] | Notes Issued 031619 [Member] | |||
Short-term Debt [Line Items] | |||
Balance convertible notes payable - related parties, in default | $ 10,000 | ||
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0010 | ||
Debt Instrument, Issuance Date | Mar. 16, 2019 | ||
Debt Instrument, Maturity Date | Sep. 16, 2019 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0030 | ||
Debt Instrument, Issuance Date | Sep. 4, 2019 | ||
Debt Instrument, Maturity Date | Mar. 4, 2020 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0035 | ||
Debt Instrument, Issuance Date | Aug. 6, 2020 | ||
Debt Instrument, Maturity Date | Feb. 6, 2021 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0035 | ||
Debt Instrument, Issuance Date | Aug. 6, 2020 | ||
Debt Instrument, Maturity Date | Feb. 6, 2021 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0035 | ||
Debt Instrument, Issuance Date | Aug. 14, 2020 | ||
Debt Instrument, Maturity Date | Feb. 14, 2021 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0040 | ||
Debt Instrument, Issuance Date | Jan. 19, 2013 | ||
Debt Instrument, Maturity Date | Jul. 30, 2013 | ||
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, Interest Rate, Stated Percentage | 10.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0150 | ||
Debt Instrument, Issuance Date | Jan. 9, 2009 | ||
Debt Instrument, Maturity Date | Jan. 9, 2010 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0050 | ||
Debt Instrument, Issuance Date | Jan. 25, 2010 | ||
Debt Instrument, Maturity Date | Jan. 25, 2011 | ||
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, Interest Rate, Stated Percentage | 8.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0040 | ||
Debt Instrument, Issuance Date | Jan. 18, 2012 | ||
Debt Instrument, Maturity Date | Jul. 18, 2012 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0100 | ||
Debt Instrument, Issuance Date | Jul. 26, 2013 | ||
Debt Instrument, Maturity Date | Jan. 26, 2014 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0060 | ||
Debt Instrument, Issuance Date | Jan. 17, 2014 | ||
Debt Instrument, Maturity Date | Jul. 17, 2014 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0070 | ||
Debt Instrument, Issuance Date | May 27, 2014 | ||
Debt Instrument, Maturity Date | Nov. 27, 2014 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0080 | ||
Debt Instrument, Issuance Date | Jul. 21, 2014 | ||
Debt Instrument, Maturity Date | Jan. 25, 2015 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0045 | ||
Debt Instrument, Issuance Date | Oct. 16, 2014 | ||
Debt Instrument, Maturity Date | Apr. 16, 2015 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0030 | ||
Debt Instrument, Issuance Date | Jul. 14, 2015 | ||
Debt Instrument, Maturity Date | Jan. 14, 2016 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0020 | ||
Debt Instrument, Issuance Date | Jan. 12, 2016 | ||
Debt Instrument, Maturity Date | Jul. 12, 2016 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0005 | ||
Debt Instrument, Issuance Date | May 10, 2016 | ||
Debt Instrument, Maturity Date | Nov. 10, 2016 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0005 | ||
Debt Instrument, Issuance Date | May 10, 2016 | ||
Debt Instrument, Maturity Date | Nov. 10, 2016 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0005 | ||
Debt Instrument, Issuance Date | May 20, 2016 | ||
Debt Instrument, Maturity Date | Nov. 20, 2016 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0006 | ||
Debt Instrument, Issuance Date | Jul. 12, 2016 | ||
Debt Instrument, Maturity Date | Jan. 12, 2017 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0005 | ||
Debt Instrument, Issuance Date | Jan. 26, 2017 | ||
Debt Instrument, Maturity Date | Mar. 12, 2017 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0008 | ||
Debt Instrument, Issuance Date | Feb. 14, 2017 | ||
Debt Instrument, Maturity Date | Aug. 14, 2017 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0008 | ||
Debt Instrument, Issuance Date | Aug. 16, 2017 | ||
Debt Instrument, Maturity Date | Sep. 16, 2017 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0007 | ||
Debt Instrument, Issuance Date | Mar. 14, 2018 | ||
Debt Instrument, Maturity Date | May 14, 2018 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0007 | ||
Debt Instrument, Issuance Date | Apr. 4, 2018 | ||
Debt Instrument, Maturity Date | Jun. 4, 2018 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0007 | ||
Debt Instrument, Issuance Date | Apr. 11, 2018 | ||
Debt Instrument, Maturity Date | Jun. 11, 2018 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0007 | ||
Debt Instrument, Issuance Date | May 8, 2018 | ||
Debt Instrument, Maturity Date | Jul. 8, 2018 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0007 | ||
Debt Instrument, Issuance Date | May 30, 2018 | ||
Debt Instrument, Maturity Date | Aug. 30, 2018 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0007 | ||
Debt Instrument, Issuance Date | Jun. 12, 2018 | ||
Debt Instrument, Maturity Date | Sep. 12, 2018 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0007 | ||
Debt Instrument, Issuance Date | Jun. 20, 2018 | ||
Debt Instrument, Maturity Date | Sep. 12, 2018 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0006 | ||
Debt Instrument, Issuance Date | Jan. 9, 2018 | ||
Debt Instrument, Maturity Date | Jan. 9, 2019 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0007 | ||
Debt Instrument, Issuance Date | Aug. 27, 2018 | ||
Debt Instrument, Maturity Date | Feb. 27, 2019 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0008 | ||
Debt Instrument, Issuance Date | Oct. 2, 2018 | ||
Debt Instrument, Maturity Date | Apr. 2, 2019 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0007 | ||
Debt Instrument, Issuance Date | Oct. 23, 2018 | ||
Debt Instrument, Maturity Date | Apr. 23, 2019 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0008 | ||
Debt Instrument, Issuance Date | Nov. 7, 2018 | ||
Debt Instrument, Maturity Date | May 7, 2019 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0008 | ||
Debt Instrument, Issuance Date | Nov. 14, 2018 | ||
Debt Instrument, Maturity Date | May 14, 2019 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0008 | ||
Debt Instrument, Issuance Date | Jan. 8, 2019 | ||
Debt Instrument, Maturity Date | Jul. 8, 2019 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0040 | ||
Debt Instrument, Issuance Date | Apr. 25, 2019 | ||
Debt Instrument, Maturity Date | Dec. 23, 2019 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0030 | ||
Debt Instrument, Issuance Date | Jun. 7, 2019 | ||
Debt Instrument, Maturity Date | Dec. 7, 2019 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0030 | ||
Debt Instrument, Issuance Date | Sep. 17, 2019 | ||
Debt Instrument, Maturity Date | Apr. 17, 2020 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0025 | ||
Debt Instrument, Issuance Date | Nov. 12, 2019 | ||
Debt Instrument, Maturity Date | May 12, 2020 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0030 | ||
Debt Instrument, Issuance Date | Nov. 26, 2019 | ||
Debt Instrument, Maturity Date | May 26, 2020 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0030 | ||
Debt Instrument, Issuance Date | Dec. 3, 2019 | ||
Debt Instrument, Maturity Date | Jun. 3, 2020 | ||
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, Interest Rate, Stated Percentage | 6.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0030 | ||
Debt Instrument, Issuance Date | Jan. 7, 2020 | ||
Debt Instrument, Maturity Date | Jun. 20, 2020 |
Schedule of Notes Payable (Deta
Schedule of Notes Payable (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Notes Payable [Member] | ||
Short-term Debt [Line Items] | ||
Balance notes payable - related parties, in default | $ 50,000 | |
Notes Payable [Member] | Notes Issued 120821 [Member] | ||
Short-term Debt [Line Items] | ||
Balance notes payable - related parties, in default | 50,000 | |
Notes Payable Default [Member] | ||
Short-term Debt [Line Items] | ||
Balance notes payable - related parties, in default | $ 128,000 | $ 130,000 |
Notes Payable Default [Member] | Notes Issued 120821 [Member] | ||
Short-term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Dec. 8, 2021 | |
Debt Instrument, Maturity Date | Jan. 8, 2022 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | |
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 | |
Debt Instrument, Maturity Date | Apr. 27, 2012 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | |
Notes Payable Default [Member] | Notes Issued 121417 [Member] | ||
Short-term Debt [Line Items] | ||
Balance notes payable - related parties, in default | $ 18,000 | $ 20,000 |
Debt Instrument, Issuance Date | Dec. 14, 2017 | |
Debt Instrument, Maturity Date | Dec. 14, 2018 | |
Debt Instrument, Interest Rate, Stated Percentage | 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 | |
Debt Instrument, Maturity Date | Nov. 29, 2019 | |
Debt Instrument, Interest Rate, Stated Percentage | 2.06% | |
Notes Payable Related Parties Default [Member] | ||
Short-term Debt [Line Items] | ||
Balance notes payable - related parties, in default | $ 18,500 | $ 18,500 |
Notes Payable Related Parties 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 | |
Debt Instrument, Maturity Date | Feb. 24, 2011 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | |
Notes Payable Related Parties 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 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | |
Notes Payable Related Parties 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 | |
Debt Instrument, Maturity Date | Apr. 9, 2018 | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% |
STOCKHOLDERS' DEFICIT (Details)
STOCKHOLDERS' DEFICIT (Details) - $ / shares | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Offsetting Assets [Line Items] | |||
[custom:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedIntrinsicValueExercised-0] | $ 0.0010 | $ 0.0013 | |
Warrant [Member] | |||
Offsetting Assets [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Beginning Balance | 4,000,000 | 8,000,000 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Beginning Balance | $ 0.0050 | $ 0.0040 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Outstanding, Weighted Average Remaining Contractual Terms | 11 months 1 day | 1 year 11 months 1 day | 1 year 9 months 29 days |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instrument Other than Option, Nonvested, Intrinsic Value, Beginning Balance | $ 0.0013 | $ 0.0038 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period | (4,000,000) | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value | $ 0.0030 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Intrinsic Value, Amount Per Share | $ 0.0033 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Number | 4,000,000 | 4,000,000 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Exercise Price | $ 0.0050 | $ 0.0050 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Remaining Contractual Term | 11 months 1 day | 1 year 11 months 1 day | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance | 4,000,000 | 4,000,000 | 8,000,000 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Ending Balance | $ 0.0050 | $ 0.0050 | $ 0.0040 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instrument Other than Option, Nonvested, Intrinsic Value, Ending Balance | $ 0.0010 | $ 0.0013 | $ 0.0038 |
STOCKHOLDERS_ DEFICIT (Details
STOCKHOLDERS’ DEFICIT (Details Narrative) - $ / shares | Feb. 10, 2014 | Dec. 31, 2021 | Dec. 31, 2020 |
Class of Stock [Line Items] | |||
Common Stock, Shares Authorized | 9,900,000,000 | 9,900,000,000 | |
Common 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, Conversion Basis | Each share of Series A preferred stock has the right to convert into 214,289 shares of the Companys common stock. In the event of a liquidation, Series A have preference. | ||
Series A Preferred Stock [Member] | |||
Class of Stock [Line Items] | |||
Preferred Stock, Shares Issued | 7 | 7 | |
Preferred Stock, Shares Outstanding | 7 | 7 | |
Series B Preferred Stock [Member] | |||
Class of Stock [Line Items] | |||
Preferred Stock, Shares Issued | 60 | 60 | |
Preferred Stock, Shares Outstanding | 60 | 60 | |
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. |
INCOME TAXES (Details)
INCOME TAXES (Details) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Income Tax Disclosure [Abstract] | ||
Income tax at federal statutory rate | (2100.00%) | (2100.00%) |
State tax, net of federal effect | (396.00%) | (396.00%) |
Valuation allowance | 2496.00% | 2496.00% |
Effective rate | 0.00% | 0.00% |
INCOME TAXES (Details Narrative
INCOME TAXES (Details Narrative) - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Operating Loss Carryforwards [Line Items] | ||
Operating Loss Carryforwards | $ 22,600,000 | $ 19,925,000 |
Tax Credit Carryforward, Valuation Allowance | 5,414,960 | |
Domestic Tax Authority [Member] | ||
Operating Loss Carryforwards [Line Items] | ||
Operating Loss Carryforwards | $ 22,600,000 | $ 19,925,000 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | 1 Months Ended | 12 Months Ended | |
Apr. 30, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | |
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items] | |||
Professional and Contract Services Expense | $ 1,234,353 | $ 1,542,145 | |
Accounts Payable and Accrued Liabilities, Current | 517,038 | 350,785 | |
Chief Executive Officer [Member] | |||
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items] | |||
Proceeds from Related Party Debt | $ 6,000 | ||
Company Owned by Person Related to CEO [Member] | |||
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items] | |||
Professional and Contract Services Expense | 12,025 | 11,295 | |
Consultant [Member] | |||
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items] | |||
Professional and Contract Services Expense | 38,000 | 18,750 | |
Accounts Payable and Accrued Liabilities, Current | $ 30,600 | $ 0 |
SEGMENT INFORMATION (Details)
SEGMENT INFORMATION (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Service revenues | $ 23,761 | $ 10,622 |
Total operating expenses | 2,369,381 | 2,709,828 |
Net loss from operations | (2,345,620) | (2,699,206) |
Blockchain LogisTech, LLC | ||
Service revenues | 4,200 | |
Total operating expenses | 45,143 | 23,469 |
Net loss from operations | (45,143) | (19,269) |
Seafarer Exploration Corp. | ||
Service revenues | 23,761 | 6,422 |
Total operating expenses | 2,324,238 | 2,686,359 |
Net loss from operations | $ (2,300,477) | $ (2,679,937) |
SUBSEQUENT EVENTS (Details Narr
SUBSEQUENT EVENTS (Details Narrative) - Subsequent Event [Member] | 3 Months Ended |
Mar. 31, 2022USD ($)shares | |
Subsequent Event [Line Items] | |
Stock Issued During Period, Value, Other | $ | $ 664,000 |
Common Stock [Member] | |
Subsequent Event [Line Items] | |
Stock Issued During Period, Shares, Other | shares | 328,000,000 |