Cover
Cover - shares | 9 Months Ended | |
Sep. 30, 2022 | Nov. 14, 2022 | |
Cover [Abstract] | ||
Document Type | 10-Q/A | |
Amendment Flag | true | |
Amendment Description | The purpose of this amendment on Form 10-Q/A to Seafarer Exploration Corp's Quarterly Report on Form 10-Q for the period ended September 30, 2022, filed with the Securities and Exchange Commission on November 14, 2022 is solely to furnish the Inline eXtensible Business Reporting Language (iXBRL) data under Exhibit 101 and 104 to the Form 10-Q in accordance with Rule 405 of Regulation S-T and a couple immaterial typos were updated.No other changes have been made to the Form 10-Q. This Amendment No. 1 to the Form 10-Q speaks as of the original filing date of the Form 10-Q, does not reflect events that may have occurred subsequent to the original filing date, and does not modify or update in any way disclosures made in the original Form 10-Q. | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Sep. 30, 2022 | |
Document Fiscal Period Focus | Q3 | |
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 Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 7,070,348,433 |
CONSOLIDATED BALANCE SHEETS (Un
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) | Sep. 30, 2022 | Dec. 31, 2021 |
Current assets | ||
Cash | $ 36,394 | $ 81,801 |
Prepaid expenses | 3,000 | |
Deposits | 750 | 750 |
Total current assets | 37,144 | 85,551 |
Property, plant and equipment, net | 160,226 | 176,476 |
Right of use asset | 14,760 | 27,011 |
Total Assets | 212,130 | 289,038 |
Current liabilities | ||
Accounts payable and accrued expenses | 699,173 | 517,038 |
Deferred revenue | 140,000 | 140,000 |
Convertible notes payable, related parties, net of discounts of $0 and $3,864, respectively | 40,000 | 2,136 |
Convertible notes payable, in default | 285,300 | 235,300 |
Convertible notes payable, in default - related parties | 644,500 | 638,500 |
Notes payable | 50,000 | |
Notes payable, in default | 118,000 | 128,000 |
Notes payable, in default - related parties | 18,500 | 18,500 |
Shareholder loan | 14,400 | 7,900 |
Lease liability, current | 15,231 | 16,876 |
Total current liabilities | 1,975,104 | 1,754,250 |
Lease liability, long-term | 10,718 | |
Total Liabilities | 1,975,104 | 1,764,968 |
Stockholders Deficit | ||
Common stock, $0.0001 par value - 9,900,000,000 shares authorized; 6,837,914,037 and 6,176,318,579 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively | 683,892 | 617,632 |
Common stock to be issued, $0.0001 par value, 46,865,550 and 37,750,000 shares outstanding at September 30, 2022 and December 31, 2021, respectively | 4,687 | 3,775 |
Unearned compensation | (52,369) | (261,536) |
Additional paid in capital | 22,216,091 | 20,714,410 |
Accumulated deficit | $ (24,615,275) | $ (22,550,211) |
CONSOLIDATED BALANCE SHEETS (_2
CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares | Sep. 30, 2022 | Dec. 31, 2021 |
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 | 6,837,914,037 | 6,176,318,579 |
Common Stock, Shares, Outstanding | 6,837,914,037 | 6,176,318,579 |
Common Stock, Shares Subscribed but Unissued | 46,865,550 | 37,750,000 |
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 |
CONSOLIDATED STATEMENTS OF OPER
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Revenue: | ||||
Service income | $ 4,907 | $ 5,548 | $ 11,127 | $ 18,922 |
Operating Expenses | ||||
Consulting and contractor expenses | 280,948 | 275,361 | 1,164,348 | 787,301 |
Vessel maintenance and dockage | 36,923 | 28,108 | 129,837 | 74,311 |
Research and development | 16,669 | 112,610 | 157,876 | 323,052 |
Professional fees | 9,000 | 14,008 | 41,271 | 68,808 |
General and administrative expense | 166,804 | 83,048 | 317,703 | 287,312 |
Depreciation expense | 5,465 | 5,465 | 16,395 | 16,395 |
Rent expense | 9,144 | 9,052 | 35,724 | 30,526 |
Travel and entertainment expense | 21,854 | 30,700 | 56,658 | 60,021 |
Total operating expenses | 546,807 | 558,352 | 1,919,812 | 1,647,726 |
Net loss from operations | (541,900) | (552,804) | (1,908,685) | (1,628,804) |
Other income (expense) | ||||
Interest expense | (17,027) | (25,761) | (50,129) | (95,848) |
Loss on extinguishment of debt | (21,250) | (44,258) | (21,250) | (121,847) |
Net loss on settlement of accounts payable | (449) | (449) | ||
Loss on sale of asset | (85,000) | (85,000) | ||
Gain on disposal of asset | 18,500 | 18,500 | ||
Total other income (expenses) | (123,277) | (51,968) | (156,379) | (199,644) |
Net loss | $ (665,177) | $ (604,772) | $ (2,065,064) | $ (1,828,448) |
Basic and diluted loss per share | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted average shares outstanding | 6,695,157,207 | 4,991,316,919 | 6,562,530,671 | 4,886,341,827 |
CONSOLIDATED STATEMENTS OF CHAN
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT (EQUITY) (Unaudited) - 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, 2020 | $ 531,568 | $ 150 | $ (67,058) | $ 18,513,123 | $ (19,924,797) | $ (947,014) | ||
Shares, Outstanding, Beginning Balance at Dec. 31, 2020 | 7 | 60 | 5,315,683,905 | 1,500,000 | ||||
Common stock issued for cash | $ 7,585 | 191,965 | 199,550 | |||||
Stock Issued During Period, Shares, New Issues | 75,850,000 | |||||||
Stock issued to convert notes payable and accrued interest | $ 874 | 56,774 | 57,648 | |||||
Stock Issued to Convert Accrued Interest on Convertible Notes Payable Shares | 8,734,640 | |||||||
Amortization of unearned compensation | 18,801 | 18,801 | ||||||
Net Loss | (589,580) | (589,580) | ||||||
Ending balance, value at Mar. 31, 2021 | $ 540,027 | $ 150 | (48,257) | 18,761,862 | (20,514,377) | (1,260,595) | ||
Shares, Outstanding, Ending Balance at Mar. 31, 2021 | 7 | 60 | 5,400,268,545 | 1,500,000 | ||||
Beginning balance, value at Dec. 31, 2020 | $ 531,568 | $ 150 | (67,058) | 18,513,123 | (19,924,797) | (947,014) | ||
Shares, Outstanding, Beginning Balance at Dec. 31, 2020 | 7 | 60 | 5,315,683,905 | 1,500,000 | ||||
Amortization of unearned compensation | 57,031 | |||||||
Net Loss | (1,828,448) | |||||||
Stock issued for services | 51,882 | |||||||
Ending balance, value at Sep. 30, 2021 | $ 587,255 | $ 3,692 | (33,527) | 19,920,428 | (21,753,245) | (1,275,397) | ||
Shares, Outstanding, Ending Balance at Sep. 30, 2021 | 7 | 60 | 5,872,548,852 | 36,917,000 | ||||
Beginning balance, value at Mar. 31, 2021 | $ 540,027 | $ 150 | (48,257) | 18,761,862 | (20,514,377) | (1,260,595) | ||
Shares, Outstanding, Beginning Balance at Mar. 31, 2021 | 7 | 60 | 5,400,268,545 | 1,500,000 | ||||
Common stock issued for cash | $ 20,773 | $ 3,542 | 467,085 | 491,400 | ||||
Stock Issued During Period, Shares, New Issues | 207,733,334 | 35,417,000 | ||||||
Stock issued to convert notes payable and accrued interest | $ 1,559 | 77,971 | 79,530 | |||||
Stock Issued to Convert Accrued Interest on Convertible Notes Payable Shares | 15,594,247 | |||||||
Amortization of unearned compensation | 19,010 | 19,010 | ||||||
Net Loss | (634,096) | (634,096) | ||||||
Stock issued for services | $ 1,376 | (23,500) | 67,675 | 45,551 | ||||
Stock Issued During Period, Shares, Issued for Services | 13,756,154 | |||||||
Ending balance, value at Jun. 30, 2021 | $ 563,735 | $ 3,692 | (52,747) | 19,374,593 | (21,148,473) | (1,259,200) | ||
Shares, Outstanding, Ending Balance at Jun. 30, 2021 | 7 | 60 | 5,637,352,280 | 36,917,000 | ||||
Common stock issued for cash | $ 19,800 | 397,200 | 417,000 | |||||
Stock Issued During Period, Shares, New Issues | 198,000,000 | |||||||
Stock issued to convert notes payable and accrued interest | $ 3,562 | 142,462 | 146,024 | |||||
Stock Issued to Convert Accrued Interest on Convertible Notes Payable Shares | 35,615,390 | |||||||
Amortization of unearned compensation | 19,220 | 19,220 | ||||||
Net Loss | (604,772) | (604,772) | ||||||
Stock issued for services | $ 158 | 6,173 | 6,331 | |||||
Stock Issued During Period, Shares, Issued for Services | 1,581,182 | |||||||
Ending balance, value at Sep. 30, 2021 | $ 587,255 | $ 3,692 | (33,527) | 19,920,428 | (21,753,245) | (1,275,397) | ||
Shares, Outstanding, Ending Balance at Sep. 30, 2021 | 7 | 60 | 5,872,548,852 | 36,917,000 | ||||
Beginning balance, value at Dec. 31, 2021 | $ 617,632 | $ 3,775 | (261,536) | 20,714,410 | (22,550,211) | (1,475,930) | ||
Shares, Outstanding, Beginning Balance at Dec. 31, 2021 | 7 | 60 | 6,176,318,579 | 37,750,000 | ||||
Common stock issued for cash | $ 32,800 | 631,200 | 664,000 | |||||
Stock Issued During Period, Shares, New Issues | 328,000,000 | |||||||
Amortization of unearned compensation | 85,470 | 85,470 | ||||||
Net Loss | (748,424) | (748,424) | ||||||
Stock issued for services | $ 2,089 | (3,300) | 77,183 | 75,972 | ||||
Stock Issued During Period, Shares, Issued for Services | 19,885,913 | |||||||
Stock issued for services, committed in prior period | $ 1,400 | $ (1,400) | ||||||
Reclass from Common Stock to be Issued Shares | 14,000,000 | (14,000,000) | ||||||
Cancellation of shares | $ (6,118) | 6,118 | ||||||
Stock Repurchased and Retired During Period, Shares | (61,183,646) | |||||||
Ending balance, value at Mar. 31, 2022 | $ 647,803 | $ 2,375 | (179,366) | 21,428,911 | (23,298,635) | (1,398,912) | ||
Shares, Outstanding, Ending Balance at Mar. 31, 2022 | 7 | 60 | 6,477,020,846 | 23,750,000 | ||||
Beginning balance, value at Dec. 31, 2021 | $ 617,632 | $ 3,775 | (261,536) | 20,714,410 | (22,550,211) | (1,475,930) | ||
Shares, Outstanding, Beginning Balance at Dec. 31, 2021 | 7 | 60 | 6,176,318,579 | 37,750,000 | ||||
Amortization of unearned compensation | 212,467 | |||||||
Net Loss | (2,065,064) | |||||||
Stock issued for services | 156,922 | |||||||
Ending balance, value at Sep. 30, 2022 | $ 683,892 | $ 4,687 | (52,369) | 22,216,091 | (24,615,275) | (1,762,974) | ||
Shares, Outstanding, Ending Balance at Sep. 30, 2022 | 7 | 60 | 6,837,914,037 | 46,865,550 | ||||
Beginning balance, value at Mar. 31, 2022 | $ 647,803 | $ 2,375 | (179,366) | 21,428,911 | (23,298,635) | (1,398,912) | ||
Shares, Outstanding, Beginning Balance at Mar. 31, 2022 | 7 | 60 | 6,477,020,846 | 23,750,000 | ||||
Common stock issued for cash | $ 20,250 | 384,750 | 405,000 | |||||
Stock Issued During Period, Shares, New Issues | 202,500,000 | |||||||
Amortization of unearned compensation | 63,151 | 63,151 | ||||||
Net Loss | (651,463) | (651,463) | ||||||
Stock issued for services | $ 1,392 | 38,608 | 40,000 | |||||
Stock Issued During Period, Shares, Issued for Services | 13,924,764 | |||||||
Cancellation of shares | $ (2,350) | 2,350 | ||||||
Stock Repurchased and Retired During Period, Shares | (23,500,000) | |||||||
Ending balance, value at Jun. 30, 2022 | $ 667,095 | $ 2,375 | (116,215) | 21,854,619 | (23,950,098) | (1,542,224) | ||
Shares, Outstanding, Ending Balance at Jun. 30, 2022 | 7 | 60 | 6,669,945,610 | 23,750,000 | ||||
Common stock issued for cash | $ 15,312 | $ 2,312 | 320,607 | 338,231 | ||||
Stock Issued During Period, Shares, New Issues | 153,123,189 | 23,115,550 | ||||||
Amortization of unearned compensation | 63,846 | 63,846 | ||||||
Net Loss | (665,177) | (665,177) | ||||||
Stock issued for services | $ 1,435 | 39,515 | 40,950 | |||||
Stock Issued During Period, Shares, Issued for Services | 14,345,238 | |||||||
Stock issued for financing fees | $ 50 | 1,350 | 1,400 | |||||
Stock Issued During Period, Shares, Other | 500,000 | |||||||
Ending balance, value at Sep. 30, 2022 | $ 683,892 | $ 4,687 | $ (52,369) | $ 22,216,091 | $ (24,615,275) | $ (1,762,974) | ||
Shares, Outstanding, Ending Balance at Sep. 30, 2022 | 7 | 60 | 6,837,914,037 | 46,865,550 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) | 9 Months Ended | |
Sep. 30, 2022 | Sep. 30, 2021 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net Loss | $ (2,065,064) | $ (1,828,448) |
Adjustments to reconcile net loss to net cash used by operating activities: | ||
Depreciation | 16,395 | 16,395 |
Amortization of beneficial conversion feature and loan fees | 3,864 | 75,348 |
Amortization of unearned compensation | 212,467 | 57,031 |
Common stock issued for services | 156,922 | 51,882 |
Financing fees on debt | 1,400 | |
Gain on disposal of asset | (18,500) | |
Loss on extinguishment of debt | 21,250 | 121,847 |
Loss on disposal of asset | 85,000 | |
Loss on settlement of accounts payable | 449 | |
Decrease (increase) in: | ||
Prepaid expenses and deposits | 3,000 | 98,956 |
Deferred revenue | 140,000 | |
Increase (decrease) in: | ||
Accounts payable & accrued expenses | 78,085 | 21,336 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||
Purchase of property, plant and equipment | (145) | |
Proceeds from sale of asset | 18,500 | |
Net cash from investing activities | (145) | 18,500 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Proceeds from the issuance of common stock | 1,404,919 | 1,107,950 |
Proceeds from the issuance convertible notes payable | 50,000 | |
Proceeds from the issuance convertible notes payable, related party | 40,000 | |
Proceeds from the issuance notes payable, related party | 5,000 | |
Payments on convertible notes payable, related party | (10,000) | |
Payments on notes payable, related party | (5,000) | |
Payments on notes payable | (50,000) | (2,000) |
Payments to shareholders | 6,500 | 6,000 |
Net cash from financing activities | 1,441,419 | 1,111,950 |
NET CHANGE IN CASH | (45,407) | (133,254) |
CASH, BEGINNING OF PERIOD | 81,801 | 186,873 |
CASH, END OF PERIOD | 36,394 | 53,619 |
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 | |
Stock issued for prepaid services | $ 3,300 | $ 23,500 |
DESCRIPTION OF BUSINESS
DESCRIPTION OF BUSINESS | 9 Months Ended |
Sep. 30, 2022 | |
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. The Company is evaluating Blockchains business opportunities and does not believe that Blockchain will generate any significant revenues for the foreseeable future. The Company formed a wholly owned subsidiary, Exploration Studios, LLC, in May 2018 in order to explore media strategies and opportunities. Exploration Studios, LLC has not yet commenced operations. 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 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 Management is reviewing potential alternate plans for Blockchain and believes that it is highly unlikely that Blockchain will generate revenue during 2022. |
GOING CONCERN
GOING CONCERN | 9 Months Ended |
Sep. 30, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN | NOTE 2 – GOING CONCERN These unaudited 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 $ 24,615,275 2,065,064 1,937,960 Failure to raise adequate capital and generate adequate revenues could result in the Company having to curtail or cease operations. The Companys ability to raise additional capital through the future issuances of the common stock is unknown. Additionally, even if the Company does raise sufficient capital to support its operating expenses and generate adequate revenues, there can be no assurances that the revenue will be sufficient to enable it to develop to a level where it will generate profits and cash flows from operations. These matters raise substantial doubt about the Companys ability to continue as a going concern; however, the accompanying unaudited consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. These unaudited 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 forty 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. The Company is also aware of the recent decision by the U.S. Federal Reserve to raise interest rates. The rising interest rate environment may have a significant material negative effect on the Companys business and operations. Higher interest rates may make it more expensive, or potentially impossible, for the Company to raise capital to fund its operations. If the Company is unable to successfully raise capital, then it is highly likely that it will be forced to cease operations which may result in investors losing the entirety of their investment in the Company. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 9 Months Ended |
Sep. 30, 2022 | |
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 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 September 30, 2022 and December 31, 2021. 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 September 30, 2022, 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 $ 157,876 323,052 16,669 112,610 Revenue Recognition The Company recognizes revenue in accordance with the Financial Accounting Standards Boards (FASB) Accounting Standards Codification (ASC) Topic 606, Revenue from Contracts with Customers The core principle of ASC 606 requires that an entity recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services. ASC 606 defines a five-step process to achieve this core principle and, in doing so, it is possible more judgment and estimates may be required within the revenue recognition process than required under GAAP, including identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation. The Company recognizes revenue from the referrals that Blockchain has made to providers of software services when payment for a referral is received from the provider of software services. Blockchain, at its sole discretion and with no specific sales quotas or targets, provides referrals of potential end users to the software service providers and is paid a referral fee only after the software services providers receive payment from the end user. The Company also has a separate sales referral agreement, with no sales quotas or specific goals or targets, with a limited liability company that provides product/system engineering and development services. The Companys performance obligation is met when the payment from the customer is received by the provider of the development services, which is at a point in time. The Company receives referral fees when payment is received from the provider of the product/system development services which is when the Company recognizes revenue under the agreement. The Company recognizes revenue when cash is received or when it has met its obligations per the terms of a contract or agreement for services. Payments received for services not yet provided are recorded as deferred revenue and are recognized as revenue when the services have been provided. During the year ended December 31, 2021 the Company entered into an agreement to provide scanning services using its SeaSearcher technology to a corporation involved in searching for historic shipwreck material. Under the terms of the agreement the Company received an upfront payment of $140,000 which has been included in the accompanying consolidated balance sheets at September 30, 2022 and December 31, 2021 as deferred revenue, as the services have not yet been provided. Earnings Per Share The Company has adopted the FASB ASC 260-10, Earnings per Share The potentially dilutive common stock equivalents for the nine month periods ended September 30, 2022 and 2021 were excluded from the dilutive loss per share calculation as they would be antidilutive due to the net loss. As of September 30, 2022 and 2021, there were approximately 730,366,968 673,692,795 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. Depreciation expense was $ 16,395 5,465 Impairment of Long-Lived Assets In accordance with ASC 360-10, Impairment and Disposal of Long Lived Asset 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 nine month periods ended September 30, 2022 and 2021 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 for the nine month periods ended September 30, 2022 and 2021 (see Note 10 – Segment Information). Convertible Notes Payable The Company accounts for convertible notes deemed conventional and conversion options embedded in non-conventional convertible notes which qualify as equity under ASC 815, Derivatives and Hedging Debt with Conversion and Other Options Stock Based Compensation The Company applies the fair value method of FASB ASC 718, Share Based Payment Fully vested and non-forfeitable shares issued prior to the services being performed are classified as prepaid expenses. Leases The Company accounts for leases under Accounting Standards Update (ASU) 2016-02. At the inception of a contract the Company assesses 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 guidance to short term leases (leases with a lease term of twelve months or less that do not include an option to purchase the underlying asset that the lessee is reasonably certain to exercise); instead, the Company will recognize the lease payments for short term leases on a straight-line basis over the lease term. Investments The Company follows ASC 325-20, Cost Method Investments Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. Recent Accounting Pronouncements All other recent accounting pronouncements issued by the FASB, did not or are not believed by management to have a material impact on the Companys present or future consolidated financial statements. |
OPERATING LEASE AND RIGHT-OF-US
OPERATING LEASE AND RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES | 9 Months Ended |
Sep. 30, 2022 | |
Leases [Abstract] | |
OPERATING LEASE AND RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES | NOTE 4 – OPERATING LEASE AND RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES Operating lease right-of-use assets and liabilities are recognized at the present value of the future lease payments at the lease commencement date. The interest rate used to determine the present value is the incremental borrowing rate, estimated to be 10%, as the interest rate implicit in most of the Companys leases are not readily determinable. Operating lease expense is recognized on a straight-line basis over the lease term. The Company leases 823 square feet of office space located at 14497 North Dale Mabry Highway, Suite 209-N, Tampa, Florida 33618. The Company entered into an amended lease agreement commencing on July 1, 2020 through July 31, 2023 with base month rents of $ 1,475 1,519 1,564 1,611 On July 1, 2020, upon renewal of the lease, the Company recorded a right-of-use asset and lease liability of $48,957. During the nine month periods ended September 30, 2022 and 2021, the Company recorded and $13,802 as operating lease expense, which is included in rent expense on the consolidated statements of operations. During the three month periods ended September 30, 2022 and 2021, the Company recorded $4,601 as operating lease expense, which is included in rent expense on the consolidated statements of operations. Right-of-use assets at September 30, 2022 and December 31, 2021 are summarized below: Schedule of Right-of- use assets September 30, 2022 December 31, 2021 Office lease $ 48,957 $ 48,957 Less accumulated amortization (34,197 ) (21,946 ) Right of use assets, net $ 14,760 $ 27,011 Operating Lease liabilities are summarized below: Schedule of operating lease liabilities September 30, 2022 December 31, 2021 Office lease $ 15,231 $ 27,594 Less: current portion (15,231 ) (16,876 ) Long term portion $ - $ 10,718 Maturity of lease liabilities are as follows: Schedule of Maturity of lease liabilities Year ended December 31, 2022 $ 4,729 Year ended December 31, 2023 11,081 Total future minimum lease payments 15,810 Less: Present value discount (579 ) Lease liability $ 15,231 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 $1,400 per month. The Company uses the house to store equipment and gear and to provide temporary work-related living quarters for its divers, personnel, consultants and independent contractors involved in its exploration and recovery operations. The Company also pays a rental fee for a space in a park on an as needed basis. |
CONVERTIBLE NOTES PAYABLE AND N
CONVERTIBLE NOTES PAYABLE AND NOTES PAYABLE | 9 Months Ended |
Sep. 30, 2022 | |
Debt Disclosure [Abstract] | |
CONVERTIBLE NOTES PAYABLE AND NOTES PAYABLE | NOTE 5 – CONVERTIBLE NOTES PAYABLE AND NOTES PAYABLE Upon inception, the Company evaluates each financial instrument to determine whether it meets the definition of conventional convertible debt under ASC 470. Convertible Notes Payable Schedule of Convertible Notes Payable The following tables reflect the convertible notes payable at September 30, 2022 and December 31, 2021: Issue Date Maturity September 30, December 31, Rate Conversion Principal Principal Convertible notes payable – related parties Notes payable, Face Value 10/31/21 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 Notes payable, Face Value 07/06/22 01/06/23 20,000 - 6.00% 0.0150 Notes payable, Face Value 07/29/22 01/29/23 10,000 - 6.00% 0.0020 Notes payable, Face Value 08/04/22 02/04/23 10,000 - 6.00% 0.0020 Face Value 40,000 6,000 Less unamortized discounts - ( 3,864 ) Balance convertible notes payable – related parties $ 40,000 $ 2,136 Issue Date Maturity September 30, December 31, Rate Conversion Principal Principal Convertible notes payable - in default Notes payable, Face Value 08/28/09 11/01/09 $ 4,300 $ 4,300 10.00% 0.0150 Notes payable, Face Value 11/20/12 05/20/13 50,000 50,000 6.00% 0.0050 Notes payable, Face Value 01/19/13 07/30/13 5,000 5,000 6.00% 0.0040 Notes payable, Face Value 02/11/13 08/11/13 9,000 9,000 6.00% 0.0060 Notes payable, Face Value 09/25/13 03/25/14 10,000 10,000 6.00% 0.0125 Notes payable, Face Value 10/04/13 04/04/14 50,000 50,000 6.00% 0.0125 Notes payable, Face Value 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 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 01/03/19 07/03/19 1,000 1,000 6.00% 0.0010 Notes payable, Face Value 09/04/19 03/04/20 25,000 25,000 6.00% 0.0030 Notes payable, Face Value 08/31/22 09/29/22 50,000 - 6.00% 0.0020 Balance convertible notes payable - in default $ 285,300 $ 235,300 Issue Date Maturity September 30, December 31, Rate Conversion Principal Principal Convertible notes payable - related parties, in default Notes payable, Face Value 01/09/09 01/09/10 $ 10,000 $ 10,000 10.00% 0.0150 Notes payable, Face Value 01/25/10 01/25/11 6,000 6,000 6.00% 0.0050 Notes payable, Face Value 01/18/12 07/18/12 50,000 50,000 8.00% 0.0040 Notes payable, Face Value 01/19/13 07/30/13 15,000 15,000 6.00% 0.0040 Notes payable, Face Value 07/26/13 01/26/14 10,000 10,000 6.00% 0.0100 Notes payable, Face Value 01/17/14 07/17/14 31,500 31,500 6.00% 0.0060 Notes payable, Face Value 05/27/14 11/27/14 7,000 7,000 6.00% 0.0070 Notes payable, Face Value 07/21/14 01/25/15 17,000 17,000 6.00% 0.0080 Notes payable, Face Value 10/16/14 04/16/15 21,000 21,000 6.00% 0.0045 Notes payable, Face Value 07/14/15 01/14/16 9,000 9,000 6.00% 0.0030 Notes payable, Face Value 01/12/16 07/12/16 5,000 5,000 6.00% 0.0020 Notes payable, Face Value 05/10/16 11/10/16 5,000 5,000 6.00% 0.0005 Notes payable, Face Value 05/10/16 11/10/16 5,000 5,000 6.00% 0.0005 Notes payable, Face Value 05/20/16 11/20/16 5,000 5,000 6.00% 0.0005 Notes payable, Face Value 07/12/16 01/12/17 2,400 2,400 6.00% 0.0006 Notes payable, Face Value 01/26/17 03/12/17 5,000 5,000 6.00% 0.0005 Notes payable, Face Value 02/14/17 08/14/17 25,000 25,000 6.00% 0.0008 Notes payable, Face Value 08/16/17 09/16/17 3,000 3,000 6.00% 0.0008 Notes payable, Face Value 03/14/18 05/14/18 25,000 25,000 6.00% 0.0007 Notes payable, Face Value 04/04/18 06/04/18 3,000 3,000 6.00% 0.0007 Notes payable, Face Value 04/11/18 06/11/18 25,000 25,000 6.00% 0.0007 Notes payable, Face Value 05/08/18 07/08/18 25,000 25,000 6.00% 0.0007 Notes payable, Face Value 05/30/18 08/30/18 25,000 25,000 6.00% 0.0007 Notes payable, Face Value 06/12/18 09/12/18 3,000 3,000 6.00% 0.0007 Notes payable, Face Value 06/20/18 09/12/18 500 500 6.00% 0.0007 Notes payable, Face Value 01/09/18 01/09/19 12,000 12,000 6.00% 0.0006 Notes payable, Face Value 08/27/18 02/27/19 2,000 2,000 6.00% 0.0007 Notes payable, Face Value 10/02/18 04/02/19 1,000 1,000 6.00% 0.0008 Notes payable, Face Value 10/23/18 04/23/19 4,200 4,200 6.00% 0.0007 Notes payable, Face Value 11/07/18 05/07/19 2,000 2,000 6.00% 0.0008 Notes payable, Face Value 11/14/18 05/14/19 8,000 8,000 6.00% 0.0008 Notes payable, Face Value 01/08/19 07/08/19 7,000 7,000 6.00% 0.0008 Notes payable, Face Value 04/25/19 12/23/19 20,000 20,000 6.00% 0.0040 Notes payable, Face Value 06/07/19 12/07/19 5,100 5,100 6.00% 0.0030 Notes payable, Face Value 09/17/19 04/17/20 12,000 12,000 6.00% 0.0030 Notes payable, Face Value 11/12/19 05/12/20 25,000 25,000 6.00% 0.0025 Notes payable, Face Value 11/26/19 05/26/20 25,200 25,200 6.00% 0.0030 Notes payable, Face Value 12/03/19 06/03/20 15,000 15,000 6.00% 0.0030 Notes payable, Face Value 01/07/20 06/20/20 51,000 51,000 6.00% 0.0030 Notes payable, Face Value 08/06/20 02/06/21 25,200 25,200 6.00% 0.0035 Notes payable, Face Value 08/06/20 02/06/21 35,000 35,000 6.00% 0.0035 Notes payable, Face Value 08/14/20 02/14/21 50,400 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 Balance convertible notes payable - related parties, in default $ 644,500 $ 638,500 Balance all convertible notes payable $ 969,800 $ 875,936 Notes Payable The following tables reflect the notes payable at September 30, 2022 and December 31, 2021: Schedule of Notes Payable Issue Date Maturity September 30, 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 September 30, December 31, Rate Principal Principal Notes payable - in default Notes payable, Face Value 04/27/11 04/27/12 $ 5,000 $ 5,000 6.00% Notes payable, Face Value 12/14/17 12/14/18 8,000 18,000 6.00% Notes payable, Face Value 11/29/17 11/29/19 105,000 105,000 2.06% Balance notes payable – default $ 118,000 $ 128,000 Issue Date Maturity September 30, December 31, Rate Principal Principal Notes payable - related parties, in default Notes payable, Face Value 02/24/10 02/24/11 $ 7,500 $ 7,500 6.00% Notes payable, Face Value 10/06/15 11/15/15 10,000 10,000 6.00% Notes payable, Face Value 02/08/18 04/09/18 1,000 1,000 6.00% Balance notes payable - related parties, in default $ 18,500 $ 18,500 Balance all notes payable $ 136,500 $ 196,500 New Notes Payable and Convertible Notes Payable Issued During the Nine Month Periods Ended September 30, 2022 and 2021 During the nine month period ended September 30, 2022 the Company entered into the following new convertible note or notes payable agreements: In July of 2022, the Company entered into a convertible promissory note agreement in the amount of $20,000 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 is due on or before January 6, 2023. The note is unsecured and is convertible at the lenders option into shares of the Companys common stock at a rate of $0.015 per share. In July of 2022, the Company entered into a convertible promissory note agreement in the amount of $10,000 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 is due on or before January 29, 2023. The note is unsecured and is convertible at the lenders option into shares of the Companys common stock at a rate of $0.002 per share. In August of 2022, the Company entered into a convertible promissory note agreement in the amount of $10,000 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 is due on or before February 4, 2023. The note is unsecured and is convertible at the lenders option into shares of the Companys common stock at a rate of $0.002 per share. In August of 2022, the Company entered into a promissory note agreement in the amount of $5,000 with a related party. This note paid interest at a rate of 6% per annum and the principal and accrued interest was due on or before August 26, 2022. The lender received 500,000 shares of the Companys restricted common stock as a loan origination fee. The note was repaid and the balance at September 30, 2022 was $0. In August of 2022, the Company entered into a convertible promissory note agreement in the amount of $50,000 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 September 29, 2022. The note is unsecured and is convertible at the lenders option into shares of the Companys common stock at a rate of $0.002 per share. This convertible not payable is in default due to non payment of principal and accrued interest. During the nine month period ended September 30, 2021, the Company did not enter into any new convertible notes payable or notes payable agreements. Repayment of Promissory Notes During the nine month period ended September 30, 2022, the Company repaid a total of $50,000 of the principal of a promissory note with an original principal balance of $50,000 that was due on January 8, 2022. During the nine month period ended September 30, 2021, the Company repaid a total of $10,000 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 September 30, 2022 was $8,000. Note Conversions There were no conversions of convertible promissory notes during the nine month period ended September 30, 2022. During the nine month period ended September 30, 2021: The Company issued 8,734,640 shares of restricted common stock to a related party to settle $20,302 of accrued interest owed on sixteen convertible notes payable, with a total share value of $57,648. The Company issued 15,594,247 shares of restricted common stock to a convertible note holder to settle $45,000 of the principal balance and $1,783 of accrued 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. Shareholder Loan At September 30, 2022 and December 31, 2021, the Company had the following loans outstanding to its CEO in the total amounts of $14,400 and $7,900, respectively, as follows: - A loan with no due date with a remaining balance of $1,500 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%; - A loan due on January 26, 2022 with a remaining balance of $1,000 and an interest rate of 1%; - A loan due on June 16, 2022 with a remaining balance of $3,000 and an interest rate of 1%; and - A loan due on September 9, 2022 with a remaining balance of $3,500, and an interest rate of 1%. 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. |
IMPAIRMENT OF ASSET
IMPAIRMENT OF ASSET | 9 Months Ended |
Sep. 30, 2022 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
IMPAIRMENT OF ASSET | NOTE 6 – IMPAIRMENT OF ASSET During 2022, the Company entered into an agreement with a corporation to lease a boat for use in its operations. Under the agreement the Company agreed to pay the owner of the boat $2,000 per month until a total of $85,000 was paid, at which point title of the boat would be transferred to the Company. The boat was damaged while in use and the Company has agreed to pay the boats owner the full value of the contractual agreement for the lease purchase of the boat. The Company has estimated a full loss on the boat during the nine month period ended September 30, 2022 and wrote off the contractual value of the boat, $ 85,000 85,000 |
NOTE 7 _ STOCKHOLDERS_ DEFICIT
NOTE 7 – STOCKHOLDERS’ DEFICIT | 9 Months Ended |
Sep. 30, 2022 | |
Equity [Abstract] | |
NOTE 7 – STOCKHOLDERS’ DEFICIT | NOTE 7 – STOCKHOLDERS DEFICIT Series A Preferred Stock At September 30, 2022 and December 31, 2021, the Company had seven 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 60 Such shares each have a voting power equal to one percent of the outstanding shares issued (totaling 60%) at the time of any vote action as necessary for share votes under Florida law, with or without a shareholder meeting. Warrants and Options The Company did not issue any warrants or options during the nine month periods ended September 30, 2022 and 2021. At September 30, 2022 there were 4,000,000 0.005 0.13 years 0.001 4,000,000 0.005 0.92 years 0.001 |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 9 Months Ended |
Sep. 30, 2022 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTINGENCIES | NOTE 8 – COMMITMENTS AND CONTINGENCIES Agreement to Explore a Shipwreck Site Located off of Melbourne Beach, Florida In March of 2014, Seafarer entered into a partnership 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 extended in early 2022 for an indefinite time period pending formal renewal. 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 | 9 Months Ended |
Sep. 30, 2022 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | NOTE 9 – RELATED PARTY TRANSACTIONS During the nine month period ended September 30, 2022, the Company has had extensive dealings with related parties including the following: In May of 2022, the Companys CEO provided a loan to the Company in the amount of $3,000. This loan pays interest at a rate of 1% per annum and the principal and accrued interest was due on or before June 17, 2022. In July of 2022, the Company entered into a convertible promissory note agreement in the amount of $20,000 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 is due on or before January 6, 2023. The note is unsecured and is convertible at the lenders option into shares of the Companys common stock at a rate of $0.015 per share. In July of 2022, the Company entered into a convertible promissory note agreement in the amount of $10,000 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 is due on or before January 29, 2023. The note is unsecured and is convertible at the lenders option into shares of the Companys common stock at a rate of $0.002 per share. In August of 2022, the Company entered into a convertible promissory note agreement in the amount of $10,000 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 is due on or before February 4, 2023. The note is unsecured and is convertible at the lenders option into shares of the Companys common stock at a rate of $0.002 per share. In August of 2022, the Companys CEO provided a loan to the Company in the amount of $3,500. This loan pays interest at a rate of 1% per annum and the principal and accrued interest was due on or before September 9, 2022. In August of 2022, the Company entered into a promissory note agreement in the amount of $5,000 with a related party. This note paid interest at a rate of 6% per annum and the principal and accrued interest was due on or before August 26, 2022. The lender received 500,000 shares of the Companys restricted common stock as a loan origination fee. The note was repaid and the balance at September 30, 2022 was $0. Additional related party transactions: The Company has an informal consulting agreement with a limited liability company that is owned and controlled by a person who is related to its CEO to provide general business consulting services including periodically assessing the Companys business and advising management with respect to an appropriate business strategy on an ongoing basis, commenting on proposed corporate decisions, perform period background research including background checks and provide investigative information on individuals and companies and to assist, when needed, as an administrative specialist to perform various administrative duties and clerical services including reviewing the Companys agreements and books and records. The consultant provides the services under the direction and supervision of the Companys CEO. During the nine month periods ended September 30, 2022 and 2021, the Company paid the related party limited liability company consulting fees of $22,000 and $9,000, respectively, for services rendered. During the three month periods ended September 30, 2022 and 2021, the Company paid the related party limited liability company consulting fees of $5,000 and $2,000, respectively, for services rendered. These fees are recorded as an expense in consulting and contractor expenses in the accompanying consolidated statements of operations. 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 nine month periods ended September 30, 2022 and 2021 the Company paid the related party limited liability company fees of $6,478 and $11,225, respectively, for services rendered. During the three month periods ended September 30, 2022 and 2021, the Company paid the related party limited liability company consulting fees of $0 and $2,300, respectively, for services rendered. These fees are recorded as an expense in consulting and contractor expenses in the accompanying consolidated statements of operations. During the nine month periods ended September 30, 2022 and 2021, the Company paid a related party consultant fees of $27,000 and $20,000, respectively. During the three month periods ended September 30, 2022 and 2021, the Company paid a related party consultant fees of $9,000. All of the fees paid to the related party consultant are recorded as an expense in consulting and contractor expenses in the accompanying consolidated statements of operations. During the nine month period ended September 30, 2021, the Company has had extensive dealings with related parties including the following: In April of 2021, Seafarers CEO provided a loan to the Company in the amount of $6,000. The loan pays a 1% annual rate of interest, is due and payable on October 26, 2021 and is not secured. 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. The Company issued 8,734,640 At September 30, 2022, the following promissory notes and shareholder loans were outstanding to related parties: See Note 5 convertible notes payable – related parties, convertible notes payable – related parties, in default, and notes payable - related parties, in default. |
SEGMENT INFORMATION
SEGMENT INFORMATION | 9 Months Ended |
Sep. 30, 2022 | |
Segment Reporting [Abstract] | |
SEGMENT INFORMATION | NOTE 10 – SEGMENT INFORMATION Seafarers wholly owned subsidiary Blockchain began operations in 2019 by providing referrals to a private company 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 nine month periods ended September 30, 2022 and 2021 incurred by the two separate segments below. During the nine month periods ended September 30, 2022 and 2021, Blockchain did not generate any revenues. The Company is currently evaluating Blockchains business and does not believe that it will generate any revenues for the foreseeable future. Segment information relating to the Companys two operating segments for the nine month period ended September 30, 2022 is as follows: Schedule of Segment Reporting Information, by Segment September 30, 2022 September 30, 2022 September 30, 2022 Blockchain LogisTech, LLC Seafarer Exploration Corp. Consolidated Service revenues $ - $ 11,127 $ 11,127 Total operating expenses - 1,919,812 1,919,812 Net loss from operations $ - $ (1,908,685 ) $ (1,908,685 ) Segment information relating to the Companys two operating segments for the nine month period ended September 30, 2021 is as follows: September 30, 2021 September 30, 2021 September 30, 2021 Blockchain LogisTech, LLC Seafarer Exploration Corp. Consolidated Service revenues $ - $ 18,922 $ 18,922 Total operating expenses 29,386 1,618,340 1,647,726 Net loss from operations $ (29,386 ) $ (1,599,418 ) $ (1,628,804 ) |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 9 Months Ended |
Sep. 30, 2022 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 11– SUBSEQUENT EVENTS Subsequent to September 30, 2022, the Company issued or has agreed to issue shares of its common stock as follows: (i) sales of 203,192,473 shares of restricted common stock under subscription agreements for proceeds of $420,000; (ii) issuance of 25,221,918 shares of restricted common stock to settle $50,444 of principal and accrued interest of one convertible notes payable; and (iii) 4,020,005 shares of restricted common stock were issued for services totaling $12,000. |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 9 Months Ended |
Sep. 30, 2022 | |
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 September 30, 2022 and December 31, 2021. 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 September 30, 2022, 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 $ 157,876 323,052 16,669 112,610 |
Revenue Recognition | Revenue Recognition The Company recognizes revenue in accordance with the Financial Accounting Standards Boards (FASB) Accounting Standards Codification (ASC) Topic 606, Revenue from Contracts with Customers The core principle of ASC 606 requires that an entity recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services. ASC 606 defines a five-step process to achieve this core principle and, in doing so, it is possible more judgment and estimates may be required within the revenue recognition process than required under GAAP, including identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation. The Company recognizes revenue from the referrals that Blockchain has made to providers of software services when payment for a referral is received from the provider of software services. Blockchain, at its sole discretion and with no specific sales quotas or targets, provides referrals of potential end users to the software service providers and is paid a referral fee only after the software services providers receive payment from the end user. The Company also has a separate sales referral agreement, with no sales quotas or specific goals or targets, with a limited liability company that provides product/system engineering and development services. The Companys performance obligation is met when the payment from the customer is received by the provider of the development services, which is at a point in time. The Company receives referral fees when payment is received from the provider of the product/system development services which is when the Company recognizes revenue under the agreement. The Company recognizes revenue when cash is received or when it has met its obligations per the terms of a contract or agreement for services. Payments received for services not yet provided are recorded as deferred revenue and are recognized as revenue when the services have been provided. During the year ended December 31, 2021 the Company entered into an agreement to provide scanning services using its SeaSearcher technology to a corporation involved in searching for historic shipwreck material. Under the terms of the agreement the Company received an upfront payment of $140,000 which has been included in the accompanying consolidated balance sheets at September 30, 2022 and December 31, 2021 as deferred revenue, as the services have not yet been provided. |
Earnings Per Share | Earnings Per Share The Company has adopted the FASB ASC 260-10, Earnings per Share The potentially dilutive common stock equivalents for the nine month periods ended September 30, 2022 and 2021 were excluded from the dilutive loss per share calculation as they would be antidilutive due to the net loss. As of September 30, 2022 and 2021, there were approximately 730,366,968 673,692,795 |
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. Depreciation expense was $ 16,395 5,465 |
Impairment of Long-Lived Assets | Impairment of Long-Lived Assets In accordance with ASC 360-10, Impairment and Disposal of Long Lived Asset |
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 nine month periods ended September 30, 2022 and 2021 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 for the nine month periods ended September 30, 2022 and 2021 (see Note 10 – Segment Information). |
Convertible Notes Payable | Convertible Notes Payable The Company accounts for convertible notes deemed conventional and conversion options embedded in non-conventional convertible notes which qualify as equity under ASC 815, Derivatives and Hedging Debt with Conversion and Other Options |
Stock Based Compensation | Stock Based Compensation The Company applies the fair value method of FASB ASC 718, Share Based Payment Fully vested and non-forfeitable shares issued prior to the services being performed are classified as prepaid expenses. |
Leases | Leases The Company accounts for leases under Accounting Standards Update (ASU) 2016-02. At the inception of a contract the Company assesses 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 guidance to short term leases (leases with a lease term of twelve months or less that do not include an option to purchase the underlying asset that the lessee is reasonably certain to exercise); instead, the Company will recognize the lease payments for short term leases on a straight-line basis over the lease term. |
Investments | Investments The Company follows ASC 325-20, Cost Method Investments |
Income Taxes | Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements All other recent accounting pronouncements issued by the FASB, did not or are not believed by management to have a material impact on the Companys present or future consolidated financial statements. |
OPERATING LEASE AND RIGHT-OF-_2
OPERATING LEASE AND RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
Leases [Abstract] | |
Schedule of Right-of- use assets | Right-of-use assets at September 30, 2022 and December 31, 2021 are summarized below: Schedule of Right-of- use assets |
OPERATING LEASE AND RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES | September 30, 2022 December 31, 2021 Office lease $ 48,957 $ 48,957 Less accumulated amortization (34,197 ) (21,946 ) Right of use assets, net $ 14,760 $ 27,011 |
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) | September 30, 2022 December 31, 2021 Office lease $ 15,231 $ 27,594 Less: current portion (15,231 ) (16,876 ) Long term portion $ - $ 10,718 |
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 $ 4,729 Year ended December 31, 2023 11,081 Total future minimum lease payments 15,810 Less: Present value discount (579 ) Lease liability $ 15,231 |
CONVERTIBLE NOTES PAYABLE AND_2
CONVERTIBLE NOTES PAYABLE AND NOTES PAYABLE (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
Debt Disclosure [Abstract] | |
Schedule of Convertible Notes Payable | Convertible Notes Payable Schedule of Convertible Notes Payable The following tables reflect the convertible notes payable at September 30, 2022 and December 31, 2021: Issue Date Maturity September 30, December 31, Rate Conversion Principal Principal Convertible notes payable – related parties Notes payable, Face Value 10/31/21 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 Notes payable, Face Value 07/06/22 01/06/23 20,000 - 6.00% 0.0150 Notes payable, Face Value 07/29/22 01/29/23 10,000 - 6.00% 0.0020 Notes payable, Face Value 08/04/22 02/04/23 10,000 - 6.00% 0.0020 Face Value 40,000 6,000 Less unamortized discounts - ( 3,864 ) Balance convertible notes payable – related parties $ 40,000 $ 2,136 Issue Date Maturity September 30, December 31, Rate Conversion Principal Principal Convertible notes payable - in default Notes payable, Face Value 08/28/09 11/01/09 $ 4,300 $ 4,300 10.00% 0.0150 Notes payable, Face Value 11/20/12 05/20/13 50,000 50,000 6.00% 0.0050 Notes payable, Face Value 01/19/13 07/30/13 5,000 5,000 6.00% 0.0040 Notes payable, Face Value 02/11/13 08/11/13 9,000 9,000 6.00% 0.0060 Notes payable, Face Value 09/25/13 03/25/14 10,000 10,000 6.00% 0.0125 Notes payable, Face Value 10/04/13 04/04/14 50,000 50,000 6.00% 0.0125 Notes payable, Face Value 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 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 01/03/19 07/03/19 1,000 1,000 6.00% 0.0010 Notes payable, Face Value 09/04/19 03/04/20 25,000 25,000 6.00% 0.0030 Notes payable, Face Value 08/31/22 09/29/22 50,000 - 6.00% 0.0020 Balance convertible notes payable - in default $ 285,300 $ 235,300 Issue Date Maturity September 30, December 31, Rate Conversion Principal Principal Convertible notes payable - related parties, in default Notes payable, Face Value 01/09/09 01/09/10 $ 10,000 $ 10,000 10.00% 0.0150 Notes payable, Face Value 01/25/10 01/25/11 6,000 6,000 6.00% 0.0050 Notes payable, Face Value 01/18/12 07/18/12 50,000 50,000 8.00% 0.0040 Notes payable, Face Value 01/19/13 07/30/13 15,000 15,000 6.00% 0.0040 Notes payable, Face Value 07/26/13 01/26/14 10,000 10,000 6.00% 0.0100 Notes payable, Face Value 01/17/14 07/17/14 31,500 31,500 6.00% 0.0060 Notes payable, Face Value 05/27/14 11/27/14 7,000 7,000 6.00% 0.0070 Notes payable, Face Value 07/21/14 01/25/15 17,000 17,000 6.00% 0.0080 Notes payable, Face Value 10/16/14 04/16/15 21,000 21,000 6.00% 0.0045 Notes payable, Face Value 07/14/15 01/14/16 9,000 9,000 6.00% 0.0030 Notes payable, Face Value 01/12/16 07/12/16 5,000 5,000 6.00% 0.0020 Notes payable, Face Value 05/10/16 11/10/16 5,000 5,000 6.00% 0.0005 Notes payable, Face Value 05/10/16 11/10/16 5,000 5,000 6.00% 0.0005 Notes payable, Face Value 05/20/16 11/20/16 5,000 5,000 6.00% 0.0005 Notes payable, Face Value 07/12/16 01/12/17 2,400 2,400 6.00% 0.0006 Notes payable, Face Value 01/26/17 03/12/17 5,000 5,000 6.00% 0.0005 Notes payable, Face Value 02/14/17 08/14/17 25,000 25,000 6.00% 0.0008 Notes payable, Face Value 08/16/17 09/16/17 3,000 3,000 6.00% 0.0008 Notes payable, Face Value 03/14/18 05/14/18 25,000 25,000 6.00% 0.0007 Notes payable, Face Value 04/04/18 06/04/18 3,000 3,000 6.00% 0.0007 Notes payable, Face Value 04/11/18 06/11/18 25,000 25,000 6.00% 0.0007 Notes payable, Face Value 05/08/18 07/08/18 25,000 25,000 6.00% 0.0007 Notes payable, Face Value 05/30/18 08/30/18 25,000 25,000 6.00% 0.0007 Notes payable, Face Value 06/12/18 09/12/18 3,000 3,000 6.00% 0.0007 Notes payable, Face Value 06/20/18 09/12/18 500 500 6.00% 0.0007 Notes payable, Face Value 01/09/18 01/09/19 12,000 12,000 6.00% 0.0006 Notes payable, Face Value 08/27/18 02/27/19 2,000 2,000 6.00% 0.0007 Notes payable, Face Value 10/02/18 04/02/19 1,000 1,000 6.00% 0.0008 Notes payable, Face Value 10/23/18 04/23/19 4,200 4,200 6.00% 0.0007 Notes payable, Face Value 11/07/18 05/07/19 2,000 2,000 6.00% 0.0008 Notes payable, Face Value 11/14/18 05/14/19 8,000 8,000 6.00% 0.0008 Notes payable, Face Value 01/08/19 07/08/19 7,000 7,000 6.00% 0.0008 Notes payable, Face Value 04/25/19 12/23/19 20,000 20,000 6.00% 0.0040 Notes payable, Face Value 06/07/19 12/07/19 5,100 5,100 6.00% 0.0030 Notes payable, Face Value 09/17/19 04/17/20 12,000 12,000 6.00% 0.0030 Notes payable, Face Value 11/12/19 05/12/20 25,000 25,000 6.00% 0.0025 Notes payable, Face Value 11/26/19 05/26/20 25,200 25,200 6.00% 0.0030 Notes payable, Face Value 12/03/19 06/03/20 15,000 15,000 6.00% 0.0030 Notes payable, Face Value 01/07/20 06/20/20 51,000 51,000 6.00% 0.0030 Notes payable, Face Value 08/06/20 02/06/21 25,200 25,200 6.00% 0.0035 Notes payable, Face Value 08/06/20 02/06/21 35,000 35,000 6.00% 0.0035 Notes payable, Face Value 08/14/20 02/14/21 50,400 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 Balance convertible notes payable - related parties, in default $ 644,500 $ 638,500 Balance all convertible notes payable $ 969,800 $ 875,936 |
[custom:DisclosureConvertibleNotesPayableAndNotesPayableDetailsAbstract] | Issue Date Maturity September 30, December 31, Rate Conversion Principal Principal Convertible notes payable – related parties Notes payable, Face Value 10/31/21 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 Notes payable, Face Value 07/06/22 01/06/23 20,000 - 6.00% 0.0150 Notes payable, Face Value 07/29/22 01/29/23 10,000 - 6.00% 0.0020 Notes payable, Face Value 08/04/22 02/04/23 10,000 - 6.00% 0.0020 Face Value 40,000 6,000 Less unamortized discounts - ( 3,864 ) Balance convertible notes payable – related parties $ 40,000 $ 2,136 Issue Date Maturity September 30, December 31, Rate Conversion Principal Principal Convertible notes payable - in default Notes payable, Face Value 08/28/09 11/01/09 $ 4,300 $ 4,300 10.00% 0.0150 Notes payable, Face Value 11/20/12 05/20/13 50,000 50,000 6.00% 0.0050 Notes payable, Face Value 01/19/13 07/30/13 5,000 5,000 6.00% 0.0040 Notes payable, Face Value 02/11/13 08/11/13 9,000 9,000 6.00% 0.0060 Notes payable, Face Value 09/25/13 03/25/14 10,000 10,000 6.00% 0.0125 Notes payable, Face Value 10/04/13 04/04/14 50,000 50,000 6.00% 0.0125 Notes payable, Face Value 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 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 01/03/19 07/03/19 1,000 1,000 6.00% 0.0010 Notes payable, Face Value 09/04/19 03/04/20 25,000 25,000 6.00% 0.0030 Notes payable, Face Value 08/31/22 09/29/22 50,000 - 6.00% 0.0020 Balance convertible notes payable - in default $ 285,300 $ 235,300 Issue Date Maturity September 30, December 31, Rate Conversion Principal Principal Convertible notes payable - related parties, in default Notes payable, Face Value 01/09/09 01/09/10 $ 10,000 $ 10,000 10.00% 0.0150 Notes payable, Face Value 01/25/10 01/25/11 6,000 6,000 6.00% 0.0050 Notes payable, Face Value 01/18/12 07/18/12 50,000 50,000 8.00% 0.0040 Notes payable, Face Value 01/19/13 07/30/13 15,000 15,000 6.00% 0.0040 Notes payable, Face Value 07/26/13 01/26/14 10,000 10,000 6.00% 0.0100 Notes payable, Face Value 01/17/14 07/17/14 31,500 31,500 6.00% 0.0060 Notes payable, Face Value 05/27/14 11/27/14 7,000 7,000 6.00% 0.0070 Notes payable, Face Value 07/21/14 01/25/15 17,000 17,000 6.00% 0.0080 Notes payable, Face Value 10/16/14 04/16/15 21,000 21,000 6.00% 0.0045 Notes payable, Face Value 07/14/15 01/14/16 9,000 9,000 6.00% 0.0030 Notes payable, Face Value 01/12/16 07/12/16 5,000 5,000 6.00% 0.0020 Notes payable, Face Value 05/10/16 11/10/16 5,000 5,000 6.00% 0.0005 Notes payable, Face Value 05/10/16 11/10/16 5,000 5,000 6.00% 0.0005 Notes payable, Face Value 05/20/16 11/20/16 5,000 5,000 6.00% 0.0005 Notes payable, Face Value 07/12/16 01/12/17 2,400 2,400 6.00% 0.0006 Notes payable, Face Value 01/26/17 03/12/17 5,000 5,000 6.00% 0.0005 Notes payable, Face Value 02/14/17 08/14/17 25,000 25,000 6.00% 0.0008 Notes payable, Face Value 08/16/17 09/16/17 3,000 3,000 6.00% 0.0008 Notes payable, Face Value 03/14/18 05/14/18 25,000 25,000 6.00% 0.0007 Notes payable, Face Value 04/04/18 06/04/18 3,000 3,000 6.00% 0.0007 Notes payable, Face Value 04/11/18 06/11/18 25,000 25,000 6.00% 0.0007 Notes payable, Face Value 05/08/18 07/08/18 25,000 25,000 6.00% 0.0007 Notes payable, Face Value 05/30/18 08/30/18 25,000 25,000 6.00% 0.0007 Notes payable, Face Value 06/12/18 09/12/18 3,000 3,000 6.00% 0.0007 Notes payable, Face Value 06/20/18 09/12/18 500 500 6.00% 0.0007 Notes payable, Face Value 01/09/18 01/09/19 12,000 12,000 6.00% 0.0006 Notes payable, Face Value 08/27/18 02/27/19 2,000 2,000 6.00% 0.0007 Notes payable, Face Value 10/02/18 04/02/19 1,000 1,000 6.00% 0.0008 Notes payable, Face Value 10/23/18 04/23/19 4,200 4,200 6.00% 0.0007 Notes payable, Face Value 11/07/18 05/07/19 2,000 2,000 6.00% 0.0008 Notes payable, Face Value 11/14/18 05/14/19 8,000 8,000 6.00% 0.0008 Notes payable, Face Value 01/08/19 07/08/19 7,000 7,000 6.00% 0.0008 Notes payable, Face Value 04/25/19 12/23/19 20,000 20,000 6.00% 0.0040 Notes payable, Face Value 06/07/19 12/07/19 5,100 5,100 6.00% 0.0030 Notes payable, Face Value 09/17/19 04/17/20 12,000 12,000 6.00% 0.0030 Notes payable, Face Value 11/12/19 05/12/20 25,000 25,000 6.00% 0.0025 Notes payable, Face Value 11/26/19 05/26/20 25,200 25,200 6.00% 0.0030 Notes payable, Face Value 12/03/19 06/03/20 15,000 15,000 6.00% 0.0030 Notes payable, Face Value 01/07/20 06/20/20 51,000 51,000 6.00% 0.0030 Notes payable, Face Value 08/06/20 02/06/21 25,200 25,200 6.00% 0.0035 Notes payable, Face Value 08/06/20 02/06/21 35,000 35,000 6.00% 0.0035 Notes payable, Face Value 08/14/20 02/14/21 50,400 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 Balance convertible notes payable - related parties, in default $ 644,500 $ 638,500 Balance all convertible notes payable $ 969,800 $ 875,936 |
Schedule of Notes Payable | The following tables reflect the notes payable at September 30, 2022 and December 31, 2021: Schedule of Notes Payable |
CONVERTIBLE NOTES PAYABLE AND NOTES PAYABLE (Details 2) | Issue Date Maturity September 30, 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 September 30, December 31, Rate Principal Principal Notes payable - in default Notes payable, Face Value 04/27/11 04/27/12 $ 5,000 $ 5,000 6.00% Notes payable, Face Value 12/14/17 12/14/18 8,000 18,000 6.00% Notes payable, Face Value 11/29/17 11/29/19 105,000 105,000 2.06% Balance notes payable – default $ 118,000 $ 128,000 Issue Date Maturity September 30, December 31, Rate Principal Principal Notes payable - related parties, in default Notes payable, Face Value 02/24/10 02/24/11 $ 7,500 $ 7,500 6.00% Notes payable, Face Value 10/06/15 11/15/15 10,000 10,000 6.00% Notes payable, Face Value 02/08/18 04/09/18 1,000 1,000 6.00% Balance notes payable - related parties, in default $ 18,500 $ 18,500 Balance all notes payable $ 136,500 $ 196,500 |
SEGMENT INFORMATION (Tables)
SEGMENT INFORMATION (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
Segment Reporting [Abstract] | |
Schedule of Segment Reporting Information, by Segment | Segment information relating to the Companys two operating segments for the nine month period ended September 30, 2022 is as follows: Schedule of Segment Reporting Information, by Segment September 30, 2022 September 30, 2022 September 30, 2022 Blockchain LogisTech, LLC Seafarer Exploration Corp. Consolidated Service revenues $ - $ 11,127 $ 11,127 Total operating expenses - 1,919,812 1,919,812 Net loss from operations $ - $ (1,908,685 ) $ (1,908,685 ) Segment information relating to the Companys two operating segments for the nine month period ended September 30, 2021 is as follows: September 30, 2021 September 30, 2021 September 30, 2021 Blockchain LogisTech, LLC Seafarer Exploration Corp. Consolidated Service revenues $ - $ 18,922 $ 18,922 Total operating expenses 29,386 1,618,340 1,647,726 Net loss from operations $ (29,386 ) $ (1,599,418 ) $ (1,628,804 ) |
[custom:DisclosureSegmentInformationDetailsAbstract] | September 30, 2022 September 30, 2022 September 30, 2022 Blockchain LogisTech, LLC Seafarer Exploration Corp. Consolidated Service revenues $ - $ 11,127 $ 11,127 Total operating expenses - 1,919,812 1,919,812 Net loss from operations $ - $ (1,908,685 ) $ (1,908,685 ) Segment information relating to the Companys two operating segments for the nine month period ended September 30, 2021 is as follows: September 30, 2021 September 30, 2021 September 30, 2021 Blockchain LogisTech, LLC Seafarer Exploration Corp. Consolidated Service revenues $ - $ 18,922 $ 18,922 Total operating expenses 29,386 1,618,340 1,647,726 Net loss from operations $ (29,386 ) $ (1,599,418 ) $ (1,628,804 ) |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | |||||||
Sep. 30, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Sep. 30, 2021 | Jun. 30, 2021 | Mar. 31, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||||||||
Retained Earnings (Accumulated Deficit) | $ 24,615,275 | $ 24,615,275 | $ 22,550,211 | ||||||
Net Income (Loss) Attributable to Parent | 665,177 | $ 651,463 | $ 748,424 | $ 604,772 | $ 634,096 | $ 589,580 | 2,065,064 | $ 1,828,448 | |
Working Capital Defecit | $ 1,937,960 | $ 1,937,960 |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Accounting Policies [Abstract] | ||||
Research and Development Expense | $ 16,669 | $ 112,610 | $ 157,876 | $ 323,052 |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 730,366,968 | 673,692,795 | ||
Depreciation | $ 5,465 | $ 5,465 | $ 16,395 | $ 16,395 |
OPERATING LEASE AND RIGHT-OF-_3
OPERATING LEASE AND RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Details) - USD ($) | Sep. 30, 2022 | Dec. 31, 2021 |
Leases [Abstract] | ||
Office lease | $ 48,957 | $ 48,957 |
Less accumulated amortization | (34,197) | (21,946) |
Right of use assets, net | $ 14,760 | $ 27,011 |
OPERATING LEASE AND RIGHT-OF-_4
OPERATING LEASE AND RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Details 2) - USD ($) | Sep. 30, 2022 | Dec. 31, 2021 |
Leases [Abstract] | ||
Office lease | $ 15,231 | $ 27,594 |
Less: current portion | (15,231) | (16,876) |
Long term portion | $ 10,718 |
OPERATING LEASE AND RIGHT-OF-_5
OPERATING LEASE AND RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Details 3) - USD ($) | Sep. 30, 2022 | Dec. 31, 2021 |
Leases [Abstract] | ||
Year ended December 31, 2022 | $ 4,729 | |
Year ended December 31, 2023 | 11,081 | |
Total future minimum lease payments | 15,810 | |
Less: Present value discount | (579) | |
Lease liability | $ 15,231 | $ 27,594 |
OPERATING LEASE AND RIGHT-OF-_6
OPERATING LEASE AND RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Details Narrative) - USD ($) | 1 Months Ended | 3 Months Ended | 9 Months Ended | |||||
Jul. 31, 2023 | Jul. 31, 2022 | Jul. 31, 2021 | Jul. 31, 2020 | Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Leases [Abstract] | ||||||||
Operating Leases, Rent Expense | $ 1,611 | $ 1,564 | $ 1,519 | $ 1,475 | $ 9,144 | $ 9,052 | $ 35,724 | $ 30,526 |
CONVERTIBLE NOTES PAYABLE AND_3
CONVERTIBLE NOTES PAYABLE AND NOTES PAYABLE (Details) - USD ($) | 9 Months Ended | |
Sep. 30, 2022 | Dec. 31, 2021 | |
Short-Term Debt [Line Items] | ||
Notes Payable, Related Parties | $ 40,000 | $ 2,136 |
Convertible Notes Payable Related Party [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Face Amount | 40,000 | |
Debt Instrument, Face Amount | 6,000 | |
Debt Instrument, Face Amount | 40,000 | 6,000 |
Discount on Convertible Notes Payable - Related Parties | 3,864 | |
Notes Payable, Related Parties | $ 40,000 | 2,136 |
Convertible Notes Payable Related Party [Member] | Notes Issued 103121 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Oct. 31, 2021 | |
Debt Instrument, Maturity Date | Apr. 13, 2022 | |
Debt Instrument, Face Amount | ||
Debt Instrument, Face Amount | $ 3,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 2% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0020 | |
Debt Instrument, Face Amount | 3,000 | |
Convertible Notes Payable Related Party [Member] | Notes Issued 111021 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Nov. 10, 2021 | |
Debt Instrument, Maturity Date | May 10, 2022 | |
Debt Instrument, Face Amount | ||
Debt Instrument, Face Amount | $ 3,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 2% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0020 | |
Debt Instrument, Face Amount | 3,000 | |
Convertible Notes Payable Related Party [Member] | Notes Issued 070622 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Jul. 06, 2022 | |
Debt Instrument, Maturity Date | Jan. 06, 2023 | |
Debt Instrument, Face Amount | $ 20,000 | |
Debt Instrument, Face Amount | ||
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0150 | |
Debt Instrument, Face Amount | $ 20,000 | |
Convertible Notes Payable Related Party [Member] | Notes Issued 072922 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Jul. 29, 2022 | |
Debt Instrument, Maturity Date | Jan. 29, 2023 | |
Debt Instrument, Face Amount | $ 10,000 | |
Debt Instrument, Face Amount | ||
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0020 | |
Debt Instrument, Face Amount | $ 10,000 | |
Convertible Notes Payable Related Party [Member] | Notes Issued 080422 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Aug. 04, 2022 | |
Debt Instrument, Maturity Date | Feb. 04, 2023 | |
Debt Instrument, Face Amount | $ 10,000 | |
Debt Instrument, Face Amount | ||
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0020 | |
Debt Instrument, Face Amount | $ 10,000 | |
Convertible Notes Payable Default [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Face Amount | 285,300 | |
Debt Instrument, Face Amount | 235,300 | |
Debt Instrument, Face Amount | $ 285,300 | 235,300 |
Convertible Notes Payable Default [Member] | Notes Issued 082809 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Aug. 28, 2009 | |
Debt Instrument, Maturity Date | Nov. 01, 2009 | |
Debt Instrument, Face Amount | $ 4,300 | |
Debt Instrument, Face Amount | $ 4,300 | |
Debt Instrument, Interest Rate, Stated Percentage | 10% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0150 | |
Debt Instrument, Face Amount | $ 4,300 | 4,300 |
Convertible Notes Payable Default [Member] | Notes Issued 112012 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Nov. 20, 2012 | |
Debt Instrument, Maturity Date | May 20, 2013 | |
Debt Instrument, Face Amount | $ 50,000 | |
Debt Instrument, Face Amount | $ 50,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0050 | |
Debt Instrument, Face Amount | $ 50,000 | 50,000 |
Convertible Notes Payable Default [Member] | Notes Issued 011913 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Jan. 19, 2013 | |
Debt Instrument, Maturity Date | Jul. 30, 2013 | |
Debt Instrument, Face Amount | $ 5,000 | |
Debt Instrument, Face Amount | $ 5,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0040 | |
Debt Instrument, Face Amount | $ 5,000 | 5,000 |
Convertible Notes Payable Default [Member] | Notes Issued 021113 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Feb. 11, 2013 | |
Debt Instrument, Maturity Date | Aug. 11, 2013 | |
Debt Instrument, Face Amount | $ 9,000 | |
Debt Instrument, Face Amount | $ 9,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0060 | |
Debt Instrument, Face Amount | $ 9,000 | 9,000 |
Convertible Notes Payable Default [Member] | Notes Issued 092513 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Sep. 25, 2013 | |
Debt Instrument, Maturity Date | Mar. 25, 2014 | |
Debt Instrument, Face Amount | $ 10,000 | |
Debt Instrument, Face Amount | $ 10,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0125 | |
Debt Instrument, Face Amount | $ 10,000 | 10,000 |
Convertible Notes Payable Default [Member] | Notes Issued 100413 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Oct. 04, 2013 | |
Debt Instrument, Maturity Date | Apr. 04, 2014 | |
Debt Instrument, Face Amount | $ 50,000 | |
Debt Instrument, Face Amount | $ 50,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0125 | |
Debt Instrument, Face Amount | $ 50,000 | 50,000 |
Convertible Notes Payable Default [Member] | Notes Issued 051514 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | May 15, 2014 | |
Debt Instrument, Maturity Date | Nov. 15, 2014 | |
Debt Instrument, Face Amount | $ 40,000 | |
Debt Instrument, Face Amount | $ 40,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0070 | |
Debt Instrument, Face Amount | $ 40,000 | 40,000 |
Convertible Notes Payable Default [Member] | Notes Issued 091815 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Sep. 18, 2015 | |
Debt Instrument, Maturity Date | Mar. 18, 2016 | |
Debt Instrument, Face Amount | $ 25,000 | |
Debt Instrument, Face Amount | $ 25,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0020 | |
Debt Instrument, Face Amount | $ 25,000 | 25,000 |
Convertible Notes Payable Default [Member] | Notes Issued 071916 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Jul. 19, 2016 | |
Debt Instrument, Maturity Date | Jul. 19, 2017 | |
Debt Instrument, Face Amount | $ 4,000 | |
Debt Instrument, Face Amount | $ 4,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0015 | |
Debt Instrument, Face Amount | $ 4,000 | 4,000 |
Convertible Notes Payable Default [Member] | Notes Issued 030618 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Mar. 06, 2018 | |
Debt Instrument, Maturity Date | Sep. 06, 2018 | |
Debt Instrument, Face Amount | $ 6,000 | |
Debt Instrument, Face Amount | $ 6,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0006 | |
Debt Instrument, Face Amount | $ 6,000 | 6,000 |
Convertible Notes Payable Default [Member] | Notes Issued 020618 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Feb. 06, 2018 | |
Debt Instrument, Maturity Date | Nov. 07, 2018 | |
Debt Instrument, Face Amount | $ 6,000 | |
Debt Instrument, Face Amount | $ 6,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0006 | |
Debt Instrument, Face Amount | $ 6,000 | 6,000 |
Convertible Notes Payable Default [Member] | Notes Issued 010319 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Jan. 03, 2019 | |
Debt Instrument, Maturity Date | Jul. 03, 2019 | |
Debt Instrument, Face Amount | $ 1,000 | |
Debt Instrument, Face Amount | $ 1,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0010 | |
Debt Instrument, Face Amount | $ 1,000 | 1,000 |
Convertible Notes Payable Default [Member] | Notes Issued 090419 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Sep. 04, 2019 | |
Debt Instrument, Maturity Date | Mar. 04, 2020 | |
Debt Instrument, Face Amount | $ 25,000 | |
Debt Instrument, Face Amount | $ 25,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0030 | |
Debt Instrument, Face Amount | $ 25,000 | 25,000 |
Convertible Notes Payable Default [Member] | Notes Issued 083122 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Aug. 31, 2022 | |
Debt Instrument, Maturity Date | Sep. 29, 2022 | |
Debt Instrument, Face Amount | $ 50,000 | |
Debt Instrument, Face Amount | ||
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0020 | |
Debt Instrument, Face Amount | $ 50,000 | |
Convertible Notes Payable Related Parties Default [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Face Amount | 644,500 | |
Debt Instrument, Face Amount | 638,500 | |
Debt Instrument, Face Amount | $ 644,500 | 638,500 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 111021 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Nov. 10, 2021 | |
Debt Instrument, Maturity Date | May 10, 2022 | |
Debt Instrument, Face Amount | $ 3,000 | |
Debt Instrument, Face Amount | ||
Debt Instrument, Interest Rate, Stated Percentage | 2% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0020 | |
Debt Instrument, Face Amount | $ 3,000 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 011913 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Jan. 19, 2013 | |
Debt Instrument, Maturity Date | Jul. 30, 2013 | |
Debt Instrument, Face Amount | $ 15,000 | |
Debt Instrument, Face Amount | $ 15,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0040 | |
Debt Instrument, Face Amount | $ 15,000 | 15,000 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 010909 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Jan. 09, 2009 | |
Debt Instrument, Maturity Date | Jan. 09, 2010 | |
Debt Instrument, Face Amount | $ 10,000 | |
Debt Instrument, Face Amount | $ 10,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 10% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0150 | |
Debt Instrument, Face Amount | $ 10,000 | 10,000 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 012510 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Jan. 25, 2010 | |
Debt Instrument, Maturity Date | Jan. 25, 2011 | |
Debt Instrument, Face Amount | $ 6,000 | |
Debt Instrument, Face Amount | $ 6,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0050 | |
Debt Instrument, Face Amount | $ 6,000 | 6,000 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 011812 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Jan. 18, 2012 | |
Debt Instrument, Maturity Date | Jul. 18, 2012 | |
Debt Instrument, Face Amount | $ 50,000 | |
Debt Instrument, Face Amount | $ 50,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 8% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0040 | |
Debt Instrument, Face Amount | $ 50,000 | 50,000 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 072613 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Jul. 26, 2013 | |
Debt Instrument, Maturity Date | Jan. 26, 2014 | |
Debt Instrument, Face Amount | $ 10,000 | |
Debt Instrument, Face Amount | $ 10,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0100 | |
Debt Instrument, Face Amount | $ 10,000 | 10,000 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 011714 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Jan. 17, 2014 | |
Debt Instrument, Maturity Date | Jul. 17, 2014 | |
Debt Instrument, Face Amount | $ 31,500 | |
Debt Instrument, Face Amount | $ 31,500 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0060 | |
Debt Instrument, Face Amount | $ 31,500 | 31,500 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 052714 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | May 27, 2014 | |
Debt Instrument, Maturity Date | Nov. 27, 2014 | |
Debt Instrument, Face Amount | $ 7,000 | |
Debt Instrument, Face Amount | $ 7,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0070 | |
Debt Instrument, Face Amount | $ 7,000 | 7,000 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 072114 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Jul. 21, 2014 | |
Debt Instrument, Maturity Date | Jan. 25, 2015 | |
Debt Instrument, Face Amount | $ 17,000 | |
Debt Instrument, Face Amount | $ 17,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0080 | |
Debt Instrument, Face Amount | $ 17,000 | 17,000 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 101614 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Oct. 16, 2014 | |
Debt Instrument, Maturity Date | Apr. 16, 2015 | |
Debt Instrument, Face Amount | $ 21,000 | |
Debt Instrument, Face Amount | $ 21,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0045 | |
Debt Instrument, Face Amount | $ 21,000 | 21,000 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 071415 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Jul. 14, 2015 | |
Debt Instrument, Maturity Date | Jan. 14, 2016 | |
Debt Instrument, Face Amount | $ 9,000 | |
Debt Instrument, Face Amount | $ 9,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0030 | |
Debt Instrument, Face Amount | $ 9,000 | 9,000 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 011216 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Jan. 12, 2016 | |
Debt Instrument, Maturity Date | Jul. 12, 2016 | |
Debt Instrument, Face Amount | $ 5,000 | |
Debt Instrument, Face Amount | $ 5,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0020 | |
Debt Instrument, Face Amount | $ 5,000 | 5,000 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 051016 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | May 10, 2016 | |
Debt Instrument, Maturity Date | Nov. 10, 2016 | |
Debt Instrument, Face Amount | $ 5,000 | |
Debt Instrument, Face Amount | $ 5,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0005 | |
Debt Instrument, Face Amount | $ 5,000 | 5,000 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 0510161 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | May 10, 2016 | |
Debt Instrument, Maturity Date | Nov. 10, 2016 | |
Debt Instrument, Face Amount | $ 5,000 | |
Debt Instrument, Face Amount | $ 5,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0005 | |
Debt Instrument, Face Amount | $ 5,000 | 5,000 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 052016 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | May 20, 2016 | |
Debt Instrument, Maturity Date | Nov. 20, 2016 | |
Debt Instrument, Face Amount | $ 5,000 | |
Debt Instrument, Face Amount | $ 5,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0005 | |
Debt Instrument, Face Amount | $ 5,000 | 5,000 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 071216 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Jul. 12, 2016 | |
Debt Instrument, Maturity Date | Jan. 12, 2017 | |
Debt Instrument, Face Amount | $ 2,400 | |
Debt Instrument, Face Amount | $ 2,400 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0006 | |
Debt Instrument, Face Amount | $ 2,400 | 2,400 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 012617 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Jan. 26, 2017 | |
Debt Instrument, Maturity Date | Mar. 12, 2017 | |
Debt Instrument, Face Amount | $ 5,000 | |
Debt Instrument, Face Amount | $ 5,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0005 | |
Debt Instrument, Face Amount | $ 5,000 | 5,000 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 021417 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Feb. 14, 2017 | |
Debt Instrument, Maturity Date | Aug. 14, 2017 | |
Debt Instrument, Face Amount | $ 25,000 | |
Debt Instrument, Face Amount | $ 25,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0008 | |
Debt Instrument, Face Amount | $ 25,000 | 25,000 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 081617 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Aug. 16, 2017 | |
Debt Instrument, Maturity Date | Sep. 16, 2017 | |
Debt Instrument, Face Amount | $ 3,000 | |
Debt Instrument, Face Amount | $ 3,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0008 | |
Debt Instrument, Face Amount | $ 3,000 | 3,000 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 031418 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Mar. 14, 2018 | |
Debt Instrument, Maturity Date | May 14, 2018 | |
Debt Instrument, Face Amount | $ 25,000 | |
Debt Instrument, Face Amount | $ 25,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0007 | |
Debt Instrument, Face Amount | $ 25,000 | 25,000 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 040418 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Apr. 04, 2018 | |
Debt Instrument, Maturity Date | Jun. 04, 2018 | |
Debt Instrument, Face Amount | $ 3,000 | |
Debt Instrument, Face Amount | $ 3,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0007 | |
Debt Instrument, Face Amount | $ 3,000 | 3,000 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 041118 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Apr. 11, 2018 | |
Debt Instrument, Maturity Date | Jun. 11, 2018 | |
Debt Instrument, Face Amount | $ 25,000 | |
Debt Instrument, Face Amount | $ 25,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0007 | |
Debt Instrument, Face Amount | $ 25,000 | 25,000 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 050818 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | May 08, 2018 | |
Debt Instrument, Maturity Date | Jul. 08, 2018 | |
Debt Instrument, Face Amount | $ 25,000 | |
Debt Instrument, Face Amount | $ 25,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0007 | |
Debt Instrument, Face Amount | $ 25,000 | 25,000 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 053018 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | May 30, 2018 | |
Debt Instrument, Maturity Date | Aug. 30, 2018 | |
Debt Instrument, Face Amount | $ 25,000 | |
Debt Instrument, Face Amount | $ 25,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0007 | |
Debt Instrument, Face Amount | $ 25,000 | 25,000 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 061218 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Jun. 12, 2018 | |
Debt Instrument, Maturity Date | Sep. 12, 2018 | |
Debt Instrument, Face Amount | $ 3,000 | |
Debt Instrument, Face Amount | $ 3,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0007 | |
Debt Instrument, Face Amount | $ 3,000 | 3,000 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 062018 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Jun. 20, 2018 | |
Debt Instrument, Maturity Date | Sep. 12, 2018 | |
Debt Instrument, Face Amount | $ 500 | |
Debt Instrument, Face Amount | $ 500 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0007 | |
Debt Instrument, Face Amount | $ 500 | 500 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 010918 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Jan. 09, 2018 | |
Debt Instrument, Maturity Date | Jan. 09, 2019 | |
Debt Instrument, Face Amount | $ 12,000 | |
Debt Instrument, Face Amount | $ 12,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0006 | |
Debt Instrument, Face Amount | $ 12,000 | 12,000 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 082718 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Aug. 27, 2018 | |
Debt Instrument, Maturity Date | Feb. 27, 2019 | |
Debt Instrument, Face Amount | $ 2,000 | |
Debt Instrument, Face Amount | $ 2,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0007 | |
Debt Instrument, Face Amount | $ 2,000 | 2,000 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 100218 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Oct. 02, 2018 | |
Debt Instrument, Maturity Date | Apr. 02, 2019 | |
Debt Instrument, Face Amount | $ 1,000 | |
Debt Instrument, Face Amount | $ 1,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0008 | |
Debt Instrument, Face Amount | $ 1,000 | 1,000 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 102318 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Oct. 23, 2018 | |
Debt Instrument, Maturity Date | Apr. 23, 2019 | |
Debt Instrument, Face Amount | $ 4,200 | |
Debt Instrument, Face Amount | $ 4,200 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0007 | |
Debt Instrument, Face Amount | $ 4,200 | 4,200 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 110718 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Nov. 07, 2018 | |
Debt Instrument, Maturity Date | May 07, 2019 | |
Debt Instrument, Face Amount | $ 2,000 | |
Debt Instrument, Face Amount | $ 2,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0008 | |
Debt Instrument, Face Amount | $ 2,000 | 2,000 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 111418 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Nov. 14, 2018 | |
Debt Instrument, Maturity Date | May 14, 2019 | |
Debt Instrument, Face Amount | $ 8,000 | |
Debt Instrument, Face Amount | $ 8,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0008 | |
Debt Instrument, Face Amount | $ 8,000 | 8,000 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 010819 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Jan. 08, 2019 | |
Debt Instrument, Maturity Date | Jul. 08, 2019 | |
Debt Instrument, Face Amount | $ 7,000 | |
Debt Instrument, Face Amount | $ 7,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0008 | |
Debt Instrument, Face Amount | $ 7,000 | 7,000 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 042519 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Apr. 25, 2019 | |
Debt Instrument, Maturity Date | Dec. 23, 2019 | |
Debt Instrument, Face Amount | $ 20,000 | |
Debt Instrument, Face Amount | $ 20,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0040 | |
Debt Instrument, Face Amount | $ 20,000 | 20,000 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 060719 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Jun. 07, 2019 | |
Debt Instrument, Maturity Date | Dec. 07, 2019 | |
Debt Instrument, Face Amount | $ 5,100 | |
Debt Instrument, Face Amount | $ 5,100 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0030 | |
Debt Instrument, Face Amount | $ 5,100 | 5,100 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 091719 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Sep. 17, 2019 | |
Debt Instrument, Maturity Date | Apr. 17, 2020 | |
Debt Instrument, Face Amount | $ 12,000 | |
Debt Instrument, Face Amount | $ 12,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0030 | |
Debt Instrument, Face Amount | $ 12,000 | 12,000 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 111219 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Nov. 12, 2019 | |
Debt Instrument, Maturity Date | May 12, 2020 | |
Debt Instrument, Face Amount | $ 25,000 | |
Debt Instrument, Face Amount | $ 25,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0025 | |
Debt Instrument, Face Amount | $ 25,000 | 25,000 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 112619 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Nov. 26, 2019 | |
Debt Instrument, Maturity Date | May 26, 2020 | |
Debt Instrument, Face Amount | $ 25,200 | |
Debt Instrument, Face Amount | $ 25,200 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0030 | |
Debt Instrument, Face Amount | $ 25,200 | 25,200 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 120319 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Dec. 03, 2019 | |
Debt Instrument, Maturity Date | Jun. 03, 2020 | |
Debt Instrument, Face Amount | $ 15,000 | |
Debt Instrument, Face Amount | $ 15,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0030 | |
Debt Instrument, Face Amount | $ 15,000 | 15,000 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 010720 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Jan. 07, 2020 | |
Debt Instrument, Maturity Date | Jun. 20, 2020 | |
Debt Instrument, Face Amount | $ 51,000 | |
Debt Instrument, Face Amount | $ 51,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0030 | |
Debt Instrument, Face Amount | $ 51,000 | 51,000 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 080620 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Aug. 06, 2020 | |
Debt Instrument, Maturity Date | Feb. 06, 2021 | |
Debt Instrument, Face Amount | $ 25,200 | |
Debt Instrument, Face Amount | $ 25,200 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0035 | |
Debt Instrument, Face Amount | $ 25,200 | 25,200 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 0806201 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Aug. 06, 2020 | |
Debt Instrument, Maturity Date | Feb. 06, 2021 | |
Debt Instrument, Face Amount | $ 35,000 | |
Debt Instrument, Face Amount | $ 35,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0035 | |
Debt Instrument, Face Amount | $ 35,000 | 35,000 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 081420 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Aug. 14, 2020 | |
Debt Instrument, Maturity Date | Feb. 14, 2021 | |
Debt Instrument, Face Amount | $ 50,400 | |
Debt Instrument, Face Amount | $ 50,400 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0035 | |
Debt Instrument, Face Amount | $ 50,400 | 50,400 |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 101321 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Oct. 13, 2021 | |
Debt Instrument, Maturity Date | Apr. 13, 2022 | |
Debt Instrument, Face Amount | $ 3,000 | |
Debt Instrument, Face Amount | ||
Debt Instrument, Interest Rate, Stated Percentage | 2% | |
Debt Instrument, Convertible, Conversion Price | $ 0.0020 | |
Debt Instrument, Face Amount | $ 3,000 |
CONVERTIBLE NOTES PAYABLE AND_4
CONVERTIBLE NOTES PAYABLE AND NOTES PAYABLE (Details 2) | 9 Months Ended |
Sep. 30, 2022 USD ($) | |
Notes Payable [Member] | |
Short-Term Debt [Line Items] | |
Debt Instrument, Face Amount | |
Debt Instrument, Face Amount | 50,000 |
Debt Instrument, Face Amount | |
Notes Payable [Member] | Notes Issued 120821 [Member] | |
Short-Term Debt [Line Items] | |
Debt Instrument, Issuance Date | Dec. 08, 2021 |
Debt Instrument, Maturity Date | Jan. 08, 2022 |
Debt Instrument, Face Amount | |
Debt Instrument, Face Amount | $ 50,000 |
Debt Instrument, Interest Rate, Stated Percentage | 6% |
Debt Instrument, Face Amount | |
Notes Payable Default [Member] | |
Short-Term Debt [Line Items] | |
Debt Instrument, Face Amount | 118,000 |
Debt Instrument, Face Amount | 128,000 |
Debt Instrument, Face Amount | $ 118,000 |
Notes Payable Default [Member] | Notes Issued 042711 [Member] | |
Short-Term Debt [Line Items] | |
Debt Instrument, Issuance Date | Apr. 27, 2011 |
Debt Instrument, Maturity Date | Apr. 27, 2012 |
Debt Instrument, Face Amount | $ 5,000 |
Debt Instrument, Face Amount | $ 5,000 |
Debt Instrument, Interest Rate, Stated Percentage | 6% |
Debt Instrument, Face Amount | $ 5,000 |
Notes Payable Default [Member] | Notes Issued 121417 [Member] | |
Short-Term Debt [Line Items] | |
Debt Instrument, Issuance Date | Dec. 14, 2017 |
Debt Instrument, Maturity Date | Dec. 14, 2018 |
Debt Instrument, Face Amount | $ 8,000 |
Debt Instrument, Face Amount | $ 18,000 |
Debt Instrument, Interest Rate, Stated Percentage | 6% |
Debt Instrument, Face Amount | $ 8,000 |
Notes Payable Default [Member] | Notes Issued 112917 [Member] | |
Short-Term Debt [Line Items] | |
Debt Instrument, Issuance Date | Nov. 29, 2017 |
Debt Instrument, Maturity Date | Nov. 29, 2019 |
Debt Instrument, Face Amount | $ 105,000 |
Debt Instrument, Face Amount | $ 105,000 |
Debt Instrument, Interest Rate, Stated Percentage | 2.06% |
Debt Instrument, Face Amount | $ 105,000 |
Notes Payable Related Parties Default [Member] | |
Short-Term Debt [Line Items] | |
Debt Instrument, Face Amount | 18,500 |
Debt Instrument, Face Amount | 18,500 |
Debt Instrument, Face Amount | $ 18,500 |
Notes Payable Related Parties Default [Member] | Notes Issued 022410 [Member] | |
Short-Term Debt [Line Items] | |
Debt Instrument, Issuance Date | Feb. 24, 2010 |
Debt Instrument, Maturity Date | Feb. 24, 2011 |
Debt Instrument, Face Amount | $ 7,500 |
Debt Instrument, Face Amount | $ 7,500 |
Debt Instrument, Interest Rate, Stated Percentage | 6% |
Debt Instrument, Face Amount | $ 7,500 |
Notes Payable Related Parties Default [Member] | Notes Issued 100615 [Member] | |
Short-Term Debt [Line Items] | |
Debt Instrument, Issuance Date | Oct. 06, 2015 |
Debt Instrument, Maturity Date | Nov. 15, 2015 |
Debt Instrument, Face Amount | $ 10,000 |
Debt Instrument, Face Amount | $ 10,000 |
Debt Instrument, Interest Rate, Stated Percentage | 6% |
Debt Instrument, Face Amount | $ 10,000 |
Notes Payable Related Parties Default [Member] | Notes Issued 020818 [Member] | |
Short-Term Debt [Line Items] | |
Debt Instrument, Issuance Date | Feb. 08, 2018 |
Debt Instrument, Maturity Date | Apr. 09, 2018 |
Debt Instrument, Face Amount | $ 1,000 |
Debt Instrument, Face Amount | $ 1,000 |
Debt Instrument, Interest Rate, Stated Percentage | 6% |
Debt Instrument, Face Amount | $ 1,000 |
IMPAIRMENT OF ASSET (Details Na
IMPAIRMENT OF ASSET (Details Narrative) - USD ($) | 9 Months Ended | |
Sep. 30, 2022 | Dec. 31, 2021 | |
Property, Plant and Equipment [Line Items] | ||
Gain (Loss) on Sale of Assets and Asset Impairment Charges | $ 85,000 | |
Accounts Payable and Accrued Liabilities, Current | 699,173 | $ 517,038 |
Boat [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Accounts Payable and Accrued Liabilities, Current | $ 85,000 |
NOTE 7 _ STOCKHOLDERS_ DEFICIT
NOTE 7 – STOCKHOLDERS’ DEFICIT (Details Narrative) - $ / shares | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 2021 | |
Class of Stock [Line Items] | ||
Preferred Stock, Shares Issued | 67 | 67 |
Preferred Stock, Shares Authorized | 50,000,000 | 50,000,000 |
Warrant [Member] | ||
Class of Stock [Line Items] | ||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number | 4,000,000 | 4,000,000 |
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value | $ 0.005 | $ 0.005 |
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Outstanding, Weighted Average Remaining Contractual Terms | 1 month 17 days | 11 months 1 day |
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instrument Other than Option, Nonvested, Intrinsic Value | $ 0.001 | $ 0.001 |
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. |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - Common Stock [Member] - shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Jun. 30, 2021 | Mar. 31, 2021 | Sep. 30, 2021 | |
Stock Issued to Convert Accrued Interest on Convertible Notes Payable Shares | 35,615,390 | 15,594,247 | 8,734,640 | |
Restricted Stock [Member] | ||||
Stock Issued to Convert Accrued Interest on Convertible Notes Payable Shares | 8,734,640 |
SEGMENT INFORMATION (Details)
SEGMENT INFORMATION (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Service revenues | $ 4,907 | $ 5,548 | $ 11,127 | $ 18,922 |
Total operating expenses | 546,807 | 558,352 | 1,919,812 | 1,647,726 |
Net loss from operations | $ (541,900) | $ (552,804) | (1,908,685) | (1,628,804) |
Blockchain LogisTech, LLC | ||||
Service revenues | ||||
Total operating expenses | 29,386 | |||
Net loss from operations | (29,386) | |||
Seafarer Exploration Corp. | ||||
Service revenues | 11,127 | 18,922 | ||
Total operating expenses | 1,919,812 | 1,618,340 | ||
Net loss from operations | $ (1,908,685) | $ (1,599,418) |