Cover
Cover - USD ($) | 12 Months Ended | ||
Dec. 31, 2023 | Mar. 26, 2024 | Jun. 30, 2022 | |
Cover [Abstract] | |||
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Annual Report | true | ||
Document Transition Report | false | ||
Document Period End Date | Dec. 31, 2023 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2023 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity File Number | 000-29461 | ||
Entity Registrant Name | SEAFARER EXPLORATION CORP. | ||
Entity Central Index Key | 0001106213 | ||
Entity Tax Identification Number | 90-0473054 | ||
Entity Incorporation, State or Country Code | FL | ||
Entity Address, Address Line One | 14497 N. Dale Mabry Highway | ||
Entity Address, Address Line Two | Suite 209-N | ||
Entity Address, City or Town | Tampa | ||
Entity Address, State or Province | FL | ||
Entity Address, Postal Zip Code | 33618 | ||
City Area Code | (813) | ||
Local Phone Number | 448-3577 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | No | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Small Business | true | ||
Entity Emerging Growth Company | false | ||
Entity Shell Company | false | ||
Entity Public Float | $ 24,064,574 | ||
Entity Common Stock, Shares Outstanding | 8,491,638,962 | ||
Auditor Name | Accell Audit & Compliance, P.A | ||
Auditor Firm ID | 3289 | ||
Auditor Location | Tampa, Florida |
CONSOLIDATED BALANCE SHEETS
CONSOLIDATED BALANCE SHEETS - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 |
Current assets | ||
Cash | $ 606,267 | $ 177,409 |
Prepaid expenses and deposits | 15,791 | 750 |
Total current assets | 622,058 | 178,159 |
Property, plant and equipment, net | 248,922 | 154,761 |
Right of use asset | 30,290 | 10,464 |
Total Assets | 901,270 | 343,384 |
Current liabilities | ||
Accounts payable and accrued expenses | 565,009 | 624,574 |
Deferred revenue | 140,000 | 140,000 |
Convertible notes payable, related parties | 40,000 | |
Convertible notes payable, in default | 355,300 | 235,300 |
Convertible notes payable, in default - related parties | 789,500 | 644,500 |
Notes payable, net of discount of $95,214 and $0, respectively | 404,786 | |
Notes payable, in default | 112,000 | 118,000 |
Notes payable, in default - related parties | 18,500 | 18,500 |
Shareholder loan | 5,000 | 7,400 |
Operating lease liability, current | 18,483 | 10,807 |
Finance lease liability, current | 22,263 | |
Total current liabilities | 2,430,841 | 1,839,081 |
Operating lease liability, long-term | 11,974 | |
Finance lease liability, long-term | 99,917 | |
Total Liabilities | 2,542,732 | 1,839,081 |
Stockholders Deficit | ||
Series B - 60 shares issued and outstanding at December 31, 2023 and 2022 | ||
Common stock, $0.0001 par value - 9,900,000,000 shares authorized; 8,314,141,446 and 7,172,668,896 shares issued and outstanding at December 31, 2023 and 2022 | 831,415 | 717,268 |
Common stock to be issued, $0.0001 par value, 31,039,877 and 71,969,820 shares outstanding at December 31, 2023 and 2022, respectively | 3,104 | 7,197 |
Unearned compensation | (18,935) | (488) |
Additional paid in capital | 25,890,412 | 22,947,138 |
Accumulated deficit | (28,347,458) | (25,166,812) |
Total Stockholders Deficit | (1,641,462) | (1,495,697) |
Total Liabilities and Stockholders Deficit | 901,270 | 343,384 |
Series A Preferred Stock [Member] | ||
Stockholders Deficit | ||
Series B - 60 shares issued and outstanding at December 31, 2023 and 2022 |
CONSOLIDATED BALANCE SHEETS (Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 |
Discount on Convertible Notes Payable - Related Parties | $ 95,214 | $ 0 |
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 | 8,314,141,446 | 7,172,668,896 |
Common Stock, Shares, Outstanding | 8,314,141,446 | 7,172,668,896 |
Common Stock to Be Issued [Member] | ||
Common Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 |
Common Stock, Shares Subscribed but Unissued | 31,039,877 | 71,969,820 |
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 - USD ($) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Revenue: | ||
Service income | $ 19,235 | $ 12,972 |
Operating Expenses | ||
Consulting and contractor expenses | 1,750,806 | 1,487,446 |
General and administrative expense | 359,044 | 406,560 |
Vessel maintenance and dockage | 330,070 | 158,496 |
Research and development | 325,156 | 172,877 |
Professional fees | 125,480 | 70,271 |
Travel and entertainment expense | 93,067 | 74,768 |
Depreciation and amortization expense | 48,775 | 21,860 |
Rent expense | 38,328 | 46,077 |
Total operating expenses | 3,070,726 | 2,438,355 |
Net loss from operations | (3,051,491) | (2,425,383) |
Other income (expense) | ||
Interest expense | (104,801) | (62,268) |
Loss on extinguishment of debt | (24,354) | (43,950) |
Loss on sale of asset | (85,000) | |
Total other income (expenses) | (129,155) | (191,218) |
Net loss | $ (3,180,646) | $ (2,616,601) |
Basic and diluted loss per share | $ 0 | $ 0 |
Weighted average shares outstanding | 7,741,579,477 | 6,686,861,948 |
Balance December 31, 2021 | $ (1,495,697) | $ (1,475,930) |
Common stock issued for cash | 2,046,702 | 2,055,447 |
Stock issued to convert notes payable and accrued interest | 73,117 | |
Stock issued for services | 539,273 | 202,522 |
Stock issued for financing fees | 1,400 | |
Cancellation of shares | ||
Amortization of unearned compensation | 246,453 | 264,348 |
Net Loss | (3,180,646) | (2,616,601) |
Balance December 31, 2023 | (1,641,462) | (1,495,697) |
Stock issued in exchange for leasing a vessel | 6,700 | |
Stock issued as charitable donation | 7,200 | |
Stock issued to accrued interest | 40,837 | |
Stock issued to settle accounts payable | 28,949 | |
Stock issued for loan origination fee | 118,767 | |
Preferred Stock [Member] | Series A Preferred Stock [Member] | ||
Other income (expense) | ||
Net loss | ||
Balance December 31, 2021 | ||
Beginning Balance, Shares | 7 | 7 |
Common stock issued for cash | ||
Stock issued to convert notes payable and accrued interest | ||
Stock issued for services | ||
Stock issued for financing fees | ||
Cancellation of shares | ||
Amortization of unearned compensation | ||
Net Loss | ||
Balance December 31, 2023 | ||
Ending Balance, Shares | 7 | 7 |
Stock issued in exchange for leasing a vessel | ||
Stock issued as charitable donation | ||
Stock issued to accrued interest | ||
Stock issued to settle accounts payable | ||
Stock issued for loan origination fee | ||
Preferred Stock [Member] | Series B Preferred Stock [Member] | ||
Other income (expense) | ||
Net loss | ||
Balance December 31, 2021 | ||
Beginning Balance, Shares | 60 | 60 |
Common stock issued for cash | ||
Stock issued to convert notes payable and accrued interest | ||
Stock issued for services | ||
Stock issued for financing fees | ||
Cancellation of shares | ||
Amortization of unearned compensation | ||
Net Loss | ||
Balance December 31, 2023 | ||
Ending Balance, Shares | 60 | 60 |
Stock issued in exchange for leasing a vessel | ||
Stock issued as charitable donation | ||
Stock issued to accrued interest | ||
Stock issued to settle accounts payable | ||
Stock issued for loan origination fee | ||
Common Stock [Member] | ||
Other income (expense) | ||
Net loss | ||
Balance December 31, 2021 | $ 717,268 | $ 617,632 |
Beginning Balance, Shares | 7,172,668,896 | 6,176,318,579 |
Common stock issued for cash | $ 95,077 | $ 98,314 |
Common stock issued for cash, Shares | 950,776,349 | 983,136,125 |
Stock issued to convert notes payable and accrued interest | $ 2,522 | |
Stock issued to convert notes payable and accrued interest, Shares | 25,221,918 | |
Stock issued for services | $ 14,713 | $ 7,218 |
Stock issued for services, Shares | 147,127,747 | 72,175,920 |
Stock issued for financing fees | $ 50 | |
Stock issued for financing fees, Shares | 500,000 | |
Cancellation of shares | $ (8,468) | |
Cancellation of shares, Shares | (84,683,646) | |
Amortization of unearned compensation | ||
Net Loss | ||
Balance December 31, 2023 | $ 831,415 | $ 717,268 |
Ending Balance, Shares | 8,314,141,446 | 7,172,668,896 |
Stock issued in exchange for leasing a vessel | $ 100 | |
Stock issued in exchange for leasing a vessel, Shares | 1,000,000 | |
Stock issued as charitable donation | $ 100 | |
Stock issued as charitable donation, Shares | 1,000,000 | |
Stock issued to accrued interest | $ 1,202 | |
Stock issued to accrued interest, Shares | 12,010,537 | |
Stock issued to settle accounts payable | $ 805 | |
Stock issued to settle accounts payable, Shares | 8,057,917 | |
Stock issued for loan origination fee | $ 2,150 | |
Stock issued for loan origination fee, Shares | 21,500,000 | |
Common Stock to Be Issued [Member] | ||
Other income (expense) | ||
Net loss | ||
Balance December 31, 2021 | $ 7,197 | $ 3,775 |
Beginning Balance, Shares | 71,969,820 | 37,750,000 |
Common stock issued for cash | $ (4,175) | $ 4,442 |
Common stock issued for cash, Shares | (41,748,000) | 44,416,667 |
Stock issued to convert notes payable and accrued interest | ||
Stock issued for services | $ (118) | $ (1,020) |
Stock issued for services, Shares | (1,181,943) | (10,196,847) |
Stock issued for financing fees | ||
Cancellation of shares | ||
Amortization of unearned compensation | ||
Net Loss | ||
Balance December 31, 2023 | $ 3,104 | $ 7,197 |
Ending Balance, Shares | 31,039,877 | 71,969,820 |
Stock issued in exchange for leasing a vessel | ||
Stock issued as charitable donation | ||
Stock issued to accrued interest | ||
Stock issued to settle accounts payable | ||
Stock issued for loan origination fee | $ 200 | |
Stock issued for loan origination fee, Shares | 2,000,000 | |
Unearned Compensation [Member] | ||
Other income (expense) | ||
Net loss | ||
Balance December 31, 2021 | (488) | (261,536) |
Common stock issued for cash | ||
Stock issued to convert notes payable and accrued interest | ||
Stock issued for services | (264,900) | (3,300) |
Stock issued for financing fees | ||
Cancellation of shares | ||
Amortization of unearned compensation | 246,453 | 264,348 |
Net Loss | ||
Balance December 31, 2023 | (18,935) | (488) |
Stock issued in exchange for leasing a vessel | ||
Stock issued as charitable donation | ||
Stock issued to accrued interest | ||
Stock issued to settle accounts payable | ||
Stock issued for loan origination fee | ||
Additional Paid-in Capital [Member] | ||
Other income (expense) | ||
Net loss | ||
Balance December 31, 2021 | 22,947,138 | 20,714,410 |
Common stock issued for cash | 1,955,800 | 1,952,691 |
Stock issued to convert notes payable and accrued interest | 70,595 | |
Stock issued for services | 789,578 | 199,624 |
Stock issued for financing fees | 1,350 | |
Cancellation of shares | 8,468 | |
Amortization of unearned compensation | ||
Net Loss | ||
Balance December 31, 2023 | 25,890,412 | 22,947,138 |
Stock issued in exchange for leasing a vessel | 6,600 | |
Stock issued as charitable donation | 7,100 | |
Stock issued to accrued interest | 39,635 | |
Stock issued to settle accounts payable | 28,144 | |
Stock issued for loan origination fee | 116,417 | |
Retained Earnings [Member] | ||
Other income (expense) | ||
Net loss | (3,180,646) | (2,616,601) |
Balance December 31, 2021 | (25,166,812) | (22,550,211) |
Common stock issued for cash | ||
Stock issued to convert notes payable and accrued interest | ||
Stock issued for services | ||
Stock issued for financing fees | ||
Cancellation of shares | ||
Amortization of unearned compensation | ||
Net Loss | (3,180,646) | (2,616,601) |
Balance December 31, 2023 | (28,347,458) | $ (25,166,812) |
Stock issued in exchange for leasing a vessel | ||
Stock issued as charitable donation | ||
Stock issued to accrued interest | ||
Stock issued to settle accounts payable | ||
Stock issued for loan origination fee |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net Loss | $ (3,180,646) | $ (2,616,601) |
Adjustments to reconcile net loss to net cash used by operating activities: | ||
Depreciation | 48,775 | 21,860 |
Amortization of right of use asset, facilities | 17,673 | |
Amortization of beneficial conversion feature and loan fees | 23,554 | 3,864 |
Amortization of unearned compensation | 246,453 | 264,348 |
Common stock issued for services | 539,273 | 202,522 |
Common stock issued in payment of a vessel rental | 6,700 | |
Common stock issued for a charitable contribution | 7,200 | |
Financing fees on debt | 4,595 | 1,400 |
Loss on extinguishment of debt | 24,354 | 43,950 |
Loss on disposal of asset | 85,000 | |
Decrease (increase) in: | ||
Prepaid expenses and deposits | (15,041) | 3,000 |
Increase (decrease) in: | ||
Accounts payable and accrued expenses | (18,726) | 1,463 |
Operating lease liability | (17,852) | |
Net cash used by operating activities | (2,313,688) | (1,989,194) |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||
Purchase of property, plant and equipment | (145) | |
Net cash used in investing activities | (145) | |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Proceeds from the issuance of common stock | 2,046,702 | 2,055,447 |
Proceeds from the issuance of convertible notes payable | 120,000 | 50,000 |
Proceeds from the issuance of convertible notes payable, related party | 40,000 | |
Proceeds from the issuance of notes payable | 500,000 | |
Proceeds from the issuance of notes payable, related party | 105,000 | 5,000 |
Payments on convertible notes payable, related party | (10,000) | |
Payments on notes payable, related party | (5,000) | |
Payments on notes payable | (6,000) | (50,000) |
Payments to shareholders | (2,400) | (500) |
Finance lease liability | (20,756) | |
Net cash provided by financing activities | 2,742,546 | 2,084,947 |
NET INCREASE IN CASH | 428,858 | 95,608 |
CASH, BEGINNING OF PERIOD | 177,409 | 81,801 |
CASH, END OF PERIOD | 606,267 | 177,409 |
Supplemental disclosure of cash flow information | ||
Cash paid for interest expense | 15,314 | |
Cash paid for income taxes | ||
Non-cash operating and financing activities: | ||
Financing lease liabilities and right of use asset | 142,936 | |
Facilities lease liabilities and right of use asset | 37,502 | |
Convertible debt and accrued interest converted to common stock | $ 40,837 | $ 73,117 |
DESCRIPTION OF BUSINESS
DESCRIPTION OF BUSINESS | 12 Months Ended |
Dec. 31, 2023 | |
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 had any activity to date. 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. Blockchain Software Services Referral Agreements Management is reviewing potential alternate plans for Blockchain and believes that it is highly unlikely that Blockchain will generate any revenues for the foreseeable future, if ever. |
GOING CONCERN
GOING CONCERN | 12 Months Ended |
Dec. 31, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN | NOTE 2 – GOING CONCERN These consolidated financial statements have been prepared on a going concern basis, which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred net losses since inception and has an accumulated deficit of $ 28,347,458 3,180,646 1,808,783 Failure to raise adequate capital and generate adequate revenues could result in the Company having to curtail or cease operations. The Companys ability to raise additional capital through the future issuances of the common stock is unknown. Additionally, even if the Company does raise sufficient capital to support its operating expenses and generate adequate revenues, there can be no assurances that the revenue will be sufficient to enable it to develop to a level where it will generate profits and cash flows from operations. These matters raise substantial doubt about the Companys ability to continue as a going concern; however, the accompanying consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. These consolidated financial statements do not include any adjustments relating to the recovery of the recorded assets or the classifications of the liabilities that might be necessary should the Company be unable to continue as a going concern. 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 2021 to 2022 and the rising cost of fuel. The Federal Reserve (the Fed) observed that while inflation growth has moderated in 2023, inflation was still above the Feds target of 2% per year for the foreseeable future. The increasing inflation in the overall economy that lead to higher interest rates may make it more expensive and/or potentially more challenging for the Company to access financing. Additionally, the Companys vessels use large amounts of fuel when in operation and the recent rise in the per gallon cost of gasoline will cause an increase in the Companys operating expenses. The increase in the cost of fuel may hamper the Companys ability to conduct operations. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended |
Dec. 31, 2023 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES This summary of significant accounting policies of Seafarer Exploration Corp. is presented to assist in understanding the Companys consolidated financial statements. The consolidated financial statements and notes are representations of the Companys management, who are responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America (GAAP) and have been consistently applied in the preparation of the consolidated financial statements. Principles of Consolidation The consolidated financial statements of the Company include the accounts of the Company and Blockchain, which is a wholly owned subsidiary. Intercompany accounts and transactions have been eliminated in consolidation. Cash and Cash Equivalents For purposes of the consolidated statements of cash flows, the Company considers all highly liquid investments and short-term debt instruments with original maturities of three months or less to be cash equivalents. There were no cash equivalents at December 31, 2023 and 2022. 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 $ 250,000 356,267 Research and Development Expenses Expenditures for research and development are expensed as incurred. The Company incurred research and development expenses of $ 325,156 172,877 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 December 31, 2023 and 2022 as deferred revenue, as the services have not yet been provided. Earnings Per Share The Company has adopted FASB ASC 260-10, which provides for the calculation of basic and diluted earnings per share. Basic earnings per share includes no dilution and is computed by dividing net income or loss available to common stockholders by the weighted average common shares outstanding for the period. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of an entity. The potentially dilutive common stock equivalents for the years ended December 31, 2023 and 2022 were excluded from the dilutive loss per share calculation as they would be antidilutive due to the net loss. As of December 31, 2023 and 2022, there were approximately 824,048,635 681,658,102 Fair Value of Financial Instruments The carrying amounts of financial assets and liabilities, such as cash, accounts payable, accrued expenses, convertible notes payable and payables, approximate their fair values because of the short maturity of these instruments. Property, Plant and Equipment Property, plant and equipment are recorded at historical cost. Depreciation is computed on the straight-line method over the estimated useful lives of the respective assets. During the year ended December 31, 2019, the Company purchased a vessel with an estimated useful life of ten years seven years Depreciation expense was $ 21,860 Impairment of Long-Lived Assets In accordance with ASC 360-10, the Company, on a regular basis, reviews the carrying amount of long-lived assets for the existence of facts or circumstances, both internally and externally, that suggest impairment. The Company determines if the carrying amount of a long-lived asset is impaired based on anticipated undiscounted cash flows, before interest, from the use of the asset. In the event of impairment, a loss is recognized based on the amount by which the carrying amount exceeds the fair value of the asset. Fair value is determined based on the appraised value of the assets or the anticipated cash flows from the use of the asset, discounted at a rate commensurate with the risk involved. There were no impairment charges recorded during the years ended December 31, 2023 and 2022. Use of Estimates The process of preparing consolidated financial statements in conformity with GAAP requires the use of estimates and assumptions regarding certain types of assets, liabilities, revenues, and expenses. Significant estimates for the years ended December 31, 2023 and 2022 include useful life of property, plant and equipment, valuation allowances against deferred tax assets and the fair value of non cash equity transactions. Segment Information During 2019, Seafarers wholly owned subsidiary, Blockchain began operations, generated revenue and incurred expenses. The business of Blockchain has no relation to the Companys shipwreck exploration and recovery operations other than common ownership. As such, the Company concluded that the operations of Blockchain and Seafarer Exploration were separate reportable segments as of the years ended December 31, 2023 and 2022 (see Note 11 – Segment Information). Convertible Debentures The Company adopted the guidance in Accounting Standards Updated (ASU) 2020-06, Accounting for Convertible Instruments and Contracts in an Entitys Own Equity 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 unearned compensation. 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. 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. Subsequent Events It is the Companys policy to evaluate all events that occur after the balance sheet date through the date when the financial statements were issued to determine if they must be reported. Recent Accounting Pronouncements All other recent accounting pronouncements issued by the FASB, did not or are not believed by management to have a material impact on the Companys present or future consolidated financial statements. |
OPERATING LEASE RIGHT-OF-USE AS
OPERATING LEASE RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES | 12 Months Ended |
Dec. 31, 2023 | |
Leases [Abstract] | |
OPERATING LEASE RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES | NOTE 4 – OPERATING LEASE RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES Operating Leases 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 ly 1, 2021 to June 30, 2022, $ 1,564 1,611 1,612 1,676 17,792 18,403 On July 1, 2020, upon renewal of the lease, the Company recorded a right-of-use asset and lease liability of $48,957. On August 1, 2023, upon renewal of the lease, the Company recorded a right-of-use asset and lease liability of $37,502. Right-of-use assets at December 31, 2023 and 2022 are summarized below: Schedule of right-of- use assets December 31, 2023 December 31, 2022 Office lease $ 37,502 $ 48,957 Less accumulated amortization (7,212 ) (38,493 ) Right of use assets, net $ 30,290 $ 10,464 Amortization on the right -of -use asset is included in rent expense on the unaudited condensed consolidated statements of operations. Operating Lease liabilities are summarized below: Schedule of operating lease liabilities December 31, 2023 December 31, 2022 Office lease $ 30,457 $ 10,807 Less: current portion (18,483 ) (10,807 ) Long term portion $ 11,974 $ - Maturity of lease liabilities are as follows: Schedule of Maturity of lease liabilities Year ended December 31, 2024 $ 20,548 Year ended December 31, 2025 12,261 Total future minimum lease payments 32,809 Less: Present value discount (2,352 ) Lease liability $ 30,457 The Company also has an operating lease for a house located in Palm Bay, Florida that it leases on a month-to-month basis for $1,300 per month. The Company uses the house to store equipment and gear and to provide temporary work-related living quarters for its divers, personnel, consultants and independent contractors involved in its exploration and recovery operations. The Company also pays a rental fee for a space in a park on an as needed basis. Finance Leases Commencing during the year ended December 31, 2023, the Company entered into the following leases: o Vehicle lease - monthly lease payments of $1,167 for 60 months amortized over 5 years at 12% o Vessel lease - monthly lease payments of $1,557 for 60 months amortized over 5 years at 12% o Sonar lease - monthly lease payments of $422 for 60 months amortized over 5 years at 12% Finance right of use assets are summarized below: Schedule of Finance Right-Of-Use Assets December 31, December 31, 2023 2022 Vehicle lease $ 53,100 $ - Vessel lease 61,607 - Sonar lease 18,987 - Finance right of use asset before Accumulated Amortization 133,694 - Less accumulated amortization (17,673 ) - Finance right of use asset $ 116,021 $ - Finance lease liabilities are summarized below: Schedule of Finance Lease Liabilities December 31, December 31, 2023 2022 Vehicle lease $ 45,034 $ - Vessel lease 60,085 - Sonar lease 17,061 - Total Lease Liabilities 122,180 - Less: current portion (22,263 ) - Long term portion $ 99,917 $ - Maturity of lease liabilities are as follows: Schedule of Future minimum lease payments Year Ended December 31, 2024 $ 37,758 Year Ended December 31, 2025 37,758 Year Ended December 31, 2026 37,758 Year Ended December 31, 2027 37,758 Thereafter 4,414 Total future minimum lease payments 155,446 Less imputed interest (33,266 ) PV of payments $ 122,180 Expenses incurred with respect to the Companys finance leases during the years ended December 31, 2023 and 2022 which are included in general and administrative expenses on the consolidated statements of operations are set forth below. Schedule of Expenses with respect to Finance Leases December 31, December 31, 2023 2022 Finance lease amortization $ 26,915 $ - Finance lease interest 15,314 - Total finance lease expense $ 42,229 $ - The weighted average remaining lease term and the weighted average discount rate on the finance leases at December 31, 2023 and 2022 are set forth below. Schedule of Weighted Average Remaining Lease Team and Average Discount on Finance Leases December 31, December 31, 2023 2022 Weighted average remaining lease term 4.17 years - Weighted average discount rate 12% - |
CONVERTIBLE NOTES PAYABLE AND N
CONVERTIBLE NOTES PAYABLE AND NOTES PAYABLE | 12 Months Ended |
Dec. 31, 2023 | |
Convertible Notes Payable And Notes Payable | |
CONVERTIBLE NOTES PAYABLE AND NOTES PAYABLE | NOTE 5 – CONVERTIBLE NOTES PAYABLE AND NOTES PAYABLE Convertible Notes Payable The following table reflects the convertible notes payable as of December 31, 2023 and 2022: Schedule of Convertible Notes Payable Issue Date Maturity December 31, December 31, Rate Conversion Principal Principal Convertible notes payable - related parties Notes payable, Face Value 07/06/22 01/06/23 $ - $ 20,000 6.00% 0.0015 Notes payable, Face Value 07/29/22 01/28/23 - 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 Balance convertible notes payable - related parties $ - $ 40,000 Issue Date Maturity December 31, December 31, Rate Conversion Principal Principal Convertible notes payable - in default Notes payable, Face Value 08/28/09 11/01/09 $ 4,300 $ 4,300 10.00% 0.0150 Notes payable, Face Value 11/20/12 05/20/13 50,000 50,000 6.00% 0.0050 Notes payable, Face Value 01/19/13 07/30/13 5,000 5,000 6.00% 0.0040 Notes payable, Face Value 02/11/13 08/11/13 9,000 9,000 6.00% 0.0060 Notes payable, Face Value 09/25/13 03/25/14 10,000 10,000 6.00% 0.0125 Notes payable, Face Value 10/04/13 04/04/14 50,000 50,000 6.00% 0.0125 Notes payable, Face Value 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 02/06/18 11/07/18 6,000 6,000 6.00% 0.0006 Notes payable, Face Value 03/06/18 09/06/18 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 09/18/23 10/18/23 120,000 -- 6.00% 0.0020 Balance convertible notes payable - in default $ 355,300 $ 235,300 Issue Date Maturity December 31, December 31, Rate Conversion Principal Principal Convertible notes payable - related parties, in default Notes payable, Face Value 01/09/09 01/09/10 $ 10,000 $ 10,000 10.00% 0.0150 Notes payable, Face Value 01/25/10 01/25/11 6,000 6,000 6.00% 0.0050 Notes payable, Face Value 01/18/12 07/18/12 50,000 50,000 8.00% 0.0040 Notes payable, Face Value 01/19/13 07/30/13 15,000 15,000 6.00% 0.0040 Notes payable, Face Value 07/26/13 01/26/14 10,000 10,000 6.00% 0.0100 Notes payable, Face Value 01/17/14 07/17/14 31,500 31,500 6.00% 0.0060 Notes payable, Face Value 05/27/14 11/27/14 7,000 7,000 6.00% 0.0070 Notes payable, Face Value 07/21/14 01/25/15 17,000 17,000 6.00% 0.0080 Notes payable, Face Value 10/16/14 04/16/15 21,000 21,000 6.00% 0.0045 Notes payable, Face Value 07/14/15 01/14/16 9,000 9,000 6.00% 0.0030 Notes payable, Face Value 01/12/16 07/12/16 5,000 5,000 6.00% 0.0020 Notes payable, Face Value 05/10/16 11/10/16 5,000 5,000 6.00% 0.0005 Notes payable, Face Value 05/10/16 11/10/16 5,000 5,000 6.00% 0.0005 Notes payable, Face Value 05/20/16 11/20/16 5,000 5,000 6.00% 0.0005 Notes payable, Face Value 07/12/16 01/12/17 2,400 2,400 6.00% 0.0006 Notes payable, Face Value 01/26/17 03/12/17 5,000 5,000 6.00% 0.0005 Notes payable, Face Value 02/14/17 08/14/17 25,000 25,000 6.00% 0.0008 Notes payable, Face Value 08/16/17 09/16/17 3,000 3,000 6.00% 0.0008 Notes payable, Face Value 01/09/18 01/09/19 12,000 12,000 6.00% 0.0006 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 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 10/31/21 04/13/22 3,000 3,000 2.00% 0.0020 Notes payable, Face Value 11/10/21 05/10/22 3,000 3,000 2.00% 0.0020 Notes payable, Face Value 07/06/22 01/06/23 20,000 - 6.00% 0.0015 Notes payable, Face Value 07/29/22 01/28/23 10,000 - 6.00% 0.0020 Notes payable, Face Value 08/04/22 02/04/23 10,000 - 6.00% 0.0020 Notes payable, Face Value 07/24/23 09/24/23 5,000 - 1.00% 0.00175 Notes payable, Face Value 08/02/23 10/01/23 100,000 - 6.00% 0.0020 Balance convertible notes payable - related parties, in default $ 789,500 $ 644,500 Balance all convertible notes payable $ 1,144,800 $ 919,800 Notes Payable The following tables reflect the notes payable at December 31, 2023 and 2022: Schedule of Notes Payable Issue Date Maturity December 31, December 31, Rate Principal Principal Notes payable Notes payable, Face Value 11/10/23 11/10/24 $ 500,000 $ - 6.00% Less unamortized discounts (95,214 ) - Balance notes payable $ 404,786 $ - Issue Date Maturity December 31, December 31, Rate Principal Principal Notes payable - in default Notes payable, Face Value 04/27/11 04/27/12 $ 5,000 $ 5,000 6.00% Notes payable, Face Value 12/14/17 12/14/18 2,000 8,000 6.00% Notes payable, Face Value 11/29/17 11/29/19 105,000 105,000 2.06% Balance notes payable – default $ 112,000 $ 118,000 Issue Date Maturity December 31, December 31, Rate Principal Principal Notes payable - related parties, in default Notes payable, Face Value 02/24/10 02/24/11 $ 7,500 $ 7,500 6.00% Notes payable, Face Value 10/06/15 11/15/15 10,000 10,000 6.00% Notes payable, Face Value 02/08/18 04/09/18 1,000 1,000 6.00% Balance notes payable - related parties, in default $ 18,500 $ 18,500 Balance all notes payable $ 535,286 $ 136,500 For the years ended December 31, 2023 and 2022, the Company recorded interest expense related to the amortization of debt discounts in the amount of approximately $0 and $3,864, respectively, which is included in interest expense on the consolidated statements of operations. New Convertible Notes Payable Issued During the Years Ended December 31, 2023 and 2022 During the year ended December 31, 2023, the Company entered into the following Convertible Notes Payable and Notes Payable Agreements: In May of 2023, the Company entered into a convertible promissory note agreement in the amount of $50,000 with an individual. This note paid interest at a rate of 6% per annum and the principal and accrued interest was due on or before June 30, 2023. The lender received 1,000,000 shares of the Companys restricted common stock as a financing fee for providing the loan. The principal balance and accrued interest of $115 was repaid prior to December 31, 2023. In July of 2023, the Company entered into a convertible promissory note agreement in the amount of $5,000 with a related party who is a member of the Board of Directors. This note pays interest at a rate of 1% per annum and the principal and accrued interest was due on or before September 24, 2023. The lender received 500,000 shares of the Companys restricted common stock as a loan origination fee. The note is unsecured and is convertible at the lenders option into shares of the Companys common stock at a rate of $0.00175 per share. In August of 2023, the Company entered into a promissory note agreement in the amount of $100,000 with a related party. This note paid interest at a rate of 6% per annum and the principal and accrued interest is due on or before October 2, 2023. The lender received 2,000,000 shares of the Companys restricted common stock as a loan origination fee. The note is unsecured and is convertible at the lenders option into shares of the Companys common stock at a rate of $0.0020 per share. In September of 2023, the Company entered into a convertible promissory note agreement in the amount of $120,000 with an individual. This note pays interest at a rate of 6% per annum and the principal and accrued interest is due on or before October 18, 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 November 2023, the Company entered into a promissory note agreement in the amount of up to $1,000,000 with an individual. This note pays interest at a rate of 6% per annum and the principal and accrued interest is due on or before November 10, 2024. The lender received 20,000,000 shares of the Companys restricted common stock as a loan origination fee. The note is unsecured. The lender advanced $500,000 to the Company upon execution of the note agreement and agreed to provide an additional $500,000 upon written request of the Company. The note agreement further states that the Company will repay amount of the loan balance on the one year anniversary dates from the receipt of the funding. There is no prepayment penalty if the Company repays the note prior to the due date. During the year ended December 31, 2022, the Company entered into the following Convertible Notes Payable and 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 $0.0015 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 December 31, 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 note payable was converted during 2022. Repayment of Promissory Note During the year ended December 31, 2023, the Company repaid a total of $6,000 of the principal of a note payable with an original principal balance of $75,000 that was due on December 14, 2018. The remaining principal balance of the note at December 31, 2023 was $2,000. During the year ended December 31, 2022, the Company repaid a total of $50,213 of the principal and accrued interest of a promissory note with an original principal balance of $50,000 that was due on January 8, 2022. Note Conversions During the year ended December 31, 2023 there were no note conversions. During the year ended December 31, 2022: The Company issued 25,221,918 shares of restricted common stock with a total share value of $73,117 to a related party to settle $50,444 of the principal and accrued interest owed on a convertible note payable that was due on September 29, 2022. Shareholder Loan At December 31, 2023, the Company had the following loans outstanding to its CEO in the total amount of $5,000 as follows: - A loan with no due date with a $1,500 remaining balance and an interest rate of 2% and a conversion rate of $0.0005; and - A loan due on September 9, 2022 with a remaining balance of $3,500, and an interest rate of 1%. At December 31, 2022 the Company had the following loans outstanding to its CEO in the total amounts of $7,400 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 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%; 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 | 12 Months Ended |
Dec. 31, 2023 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
IMPAIRMENT OF ASSET | NOTE 6 – IMPAIRMENT OF ASSET During the year ended December 31, 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 year ended December 31, 2022 and wrote off the contractual value of the boat, $85,000, which is included in the consolidated statements of operations as a loss on disposal of asset. The amount due as of December 31, 2023 and 2022 was $47,000 and $85,000, respectively, and has been included in the accompanying consolidated balance sheets in accounts payable and accrued expenses. |
STOCKHOLDERS_ DEFICIT
STOCKHOLDERS’ DEFICIT | 12 Months Ended |
Dec. 31, 2023 | |
Equity [Abstract] | |
STOCKHOLDERS’ DEFICIT | NOTE 7 – STOCKHOLDERS DEFICIT The Companys total authorized capital stock consists of 9,900,000,000 0.0001 Preferred Stock The Company is authorized to issue 50,000,000 Series A Preferred Stock At December 31, 2023 and 2022, the Company had seven shares of Series A preferred stock issued and outstanding. Each share of Series A preferred stock has the right to convert into 214,289 shares of the Companys common stock. In the event of a liquidation, Series A have preference. Series B Preferred Stock On February 10, 2014, the Board of Directors of the Company under the authority granted under Article V of the Articles of Incorporation, defined and created a new preferred series of shares from the 50,000,000 authorized preferred shares. Pursuant to Article V, the Board of Directors has the power to designate such shares and all powers and matters concerning such shares. Such share class shall be designated Preferred Class B. The preferred class was created for 60 Warrants and Options The Company did not issue any warrants or options during the years ended December 31, 2023 and 2022. At December 31, 2023 and 2022, the Company had no warrants to purchase shares of its restricted common stock outstanding. There were no warrants outstanding at December 31, 2023 and 2022. |
INCOME TAXES
INCOME TAXES | 12 Months Ended |
Dec. 31, 2023 | |
Income Tax Disclosure [Abstract] | |
INCOME TAXES | NOTE 8 – INCOME TAXES At December 31, 2023 and 2022, the Company had available federal and state net operating loss carry forwards (NOLs) to reduce future taxable income. The amounts available were approximately $28,300,000 and $25,200,000 respectively, for federal purposes. The potential tax benefit arising from the NOLs of approximately $13,900,000 from the period prior to the Acts effective date will begin to expire in 2033. The potential tax benefit arising from the net operating loss carryforward of approximately $10,600,000 generated from the period following the Acts effective date can be carried forward indefinitely within the annual usage limitations. Given the Companys history of net operating losses, management has determined that it is more likely than not that the Company will not be able to realize the tax benefit of the carryforwards. Accordingly, the Company has not recognized a deferred tax asset for this benefit. The Company adopted FASB guidelines that address the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. This guidance also provides guidance on derecognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures. As of December 31, 2023 and 2022, the Company did not have a liability for unrecognized tax benefits. The valuation allowance at December 31, 2023 was $ 13,900,000 The Companys policy is to record interest and penalties on uncertain tax provisions as income tax expense. As of December 31, 2023 and 2022, the Company has not accrued interest or penalties related to uncertain tax positions. Additionally, past tax years remain open to examination by the major taxing jurisdictions to which the Company is subject. The Company is preparing and reviewing information for tax returns for past years. Due to the Companys lack of revenue since inception management does not believe that there is any income tax liability for past years. There are currently no open federal or state tax years under audit. Upon the attainment of taxable income by the Company, management will assess the likelihood of realizing the tax benefit associated with the use of the carry forwards and will recognize a deferred tax asset at that time. The items accounting for the difference between income taxes computed at the federal statutory rate and the provision for income taxes are as follows: Schedule of Income taxes computed at the federal statutory rate and the provision for income taxes For the Year For the Year Ended Ended December 31, 2023 December 31, 2022 Income tax at federal statutory rate (21.00 )% (21.00 )% State tax, net of federal effect (3.96 )% (3.96 )% (24.96 )% (24.96 )% Valuation allowance 24.96 % 24.96 % Effective rate 0.00 % 0.00 % Deferred income taxes reflect the net tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. As of December 31, 2023 and 2022, the Companys only significant deferred income tax asset was a cumulative estimated net tax operating loss of approximately $ 28,300,000 25,200,000 |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 12 Months Ended |
Dec. 31, 2023 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTINGENCIES | NOTE 9 – COMMITMENTS AND CONTINGENCIES Agreement to Explore a Shipwreck Site Located off of Melbourne Beach, Florida In March of 2014, Seafarer entered into a partnership 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 | 12 Months Ended |
Dec. 31, 2023 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | NOTE 10 – RELATED PARTY TRANSACTIONS During the year ended December 31, 2023, the Company has had extensive dealings with related parties including the following: In January of 2023, the Company extended the term of previous agreements with two individuals to continue serving as members of the Companys Board of Directors. Two of the individuals are related to the Companys CEO. Under the agreement, the Directors agreed to provide various services to the Company including making recommendations for both the short term and the long term business strategies to be employed by the Company, monitoring and assessing the Companys business and to advise the Companys Board of Directors with respect to an appropriate business strategy on an ongoing basis, commenting on proposed corporate decisions and identifying and evaluating alternative courses of action, making suggestions to strengthen the Companys operations, identifying and evaluating external threats and opportunities to the Company, evaluating and making ongoing recommendations to the Board with respect for one year and may be terminated by either the Company or the Director by providing written notice to the other party. The previous agreement also terminates automatically upon the death, resignation or removal of the Directors. Under the terms of the agreement, the Company agreed to compensate the related party Board members via payment of 10,000,000 restricted shares of its common stock each, an aggregate total of 20,000,000 shares or $144,000, and to negotiate future compensation on a year-by-year basis. The Company also agreed to reimburse the individuals for preapproved expenses. In July of 2023, the Company entered into a convertible promissory note agreement in the amount of $5,000 with a related party who is a member of the Board of Directors. This note pays interest at a rate of 1% per annum and the principal and accrued interest was due on or before September 24, 2023. The lender received 500,000 shares of the Companys restricted common stock as a loan origination fee. The note is unsecured and is convertible at the lenders option into shares of the Companys common stock at a rate of $0.00175 per share. In August of 2023, the Company entered into a promissory note agreement in the amount of $100,000 with a related party. This note pays interest at a rate of 6% per annum and the principal and accrued interest is due on or before October 2, 2023. The Company agreed to pay the lender 2,000,000 shares of the its restricted common stock as a loan origination fee. The note is unsecured and is convertible at the lenders option into shares of the Companys common stock at a rate of $0.0020 per share. During the year ended December 31, 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 was 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 was due on or before January 28, 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 was 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 December 31, 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 the Companys CEO to pay the related party limited liability company a variable amount per month plus periodic bonuses to provide general business consulting and assessing the Companys business and to advise management with respect to an appropriate business strategy on an ongoing basis, commenting on proposed corporate decisions, perform period background research including background checks and provide investigative information on individuals and companies and to assist, when needed, as an administrative specialist to perform various administrative duties and clerical services including reviewing the Companys agreements and books and records. The consultant provides the services under the direction and supervision of the Companys CEO. During the years ended December 31, 2023 and 2022, the Company paid the related party consultant fees of $ 38,000 32,000 The Company has an ongoing agreement with a limited liability company that is owned and controlled by a person who is related to the Companys CEO to provide stock transfer agency services. During the years ended December 31, 2023 and 2022, the Company paid the related party limited liability company fees of $ 6,637 6,478 During the years ended December 31, 2023 and 2022, the Company paid a person who is related to the Companys CEO consulting fees of $ 27,000 36,500 During the years ended December 31, 2023 and 2022, the Company paid a person who is related to the Companys CEO fees of $1,092 and $1,192, respectively, for clerical services. All of the fees paid to the related party are recorded as an expense in consulting and contractor expenses in the accompanying unaudited condensed consolidated statements of operations. During the years ended December 31, 2023 and 2022, the Company paid fees of $43,300 and $93,500 to one of its Board members for business consulting and strategic advisory services that were separate from his duties as a member of the Companys Board of Directors. At December 31, 2023 and 2022, the Company owed the related party $0. During the years ended December 31, 2023 and 2022, the Company paid fees of $24,000 and $22,000 to a limited liability company controlled by one of its Board members for business consulting and strategic advisory services that were separate from his duties as a member of the Companys Board of Directors. At December 31, 2023 and 2022, the Company owed the related party $0. Shareholder Loan See Note 5 convertible notes payable – related parties, convertible notes payable – related parties, in default, and notes payable - related parties, in default. At December 31, 2023 and 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 | 12 Months Ended |
Dec. 31, 2023 | |
Segment Reporting [Abstract] | |
SEGMENT INFORMATION | NOTE 11 – SEGMENT INFORMATION Seafarers wholly owned subsidiary Blockchain began operations in 2019 by providing referrals in exchange for referral fees for closed business. Due to Blockchain starting operations which have no relation to the Companys shipwreck and exploration recovery business, the Company evaluated this business and its impact upon the existing corporate structure. The Company has determined that Blockchain and Seafarer Exploration Corp. operate as separate segments of the business. As such, the Company has presented the income (loss) from operations during the years ended December 31, 2022 and 2021 incurred by the two separate segments below. During the years ended December 31, 2023 and 2022, Blockchain revenues were $0 and were 0% of the consolidated revenues of the Company. Segment information relating to the Companys two Schedule of Segment Reporting Information, by Segment December 31, 2023 December 31, 2023 December 31, 2023 Blockchain LogisTech, LLC Seafarer Exploration Corp. Consolidated Service revenues $ - $ 19,235 $ 19,235 Total operating expenses - 3,070,726 3,070,726 Net loss from operations $ - $ (3,051,491 ) $ (3,051,491 ) Segment information relating to the Companys two operating segments for the year ended December 31, 2022 is as follows: December 31, 2022 December 31, 2022 December 31, 2022 Blockchain LogisTech, LLC Seafarer Exploration Corp. Consolidated Service revenues $ - $ 12,972 $ 12,972 Total operating expenses 30 2,438,325 2,438,355 Net loss from operations $ (30 ) $ (2,425,353 ) $ (2,425,383 ) |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 12 Months Ended |
Dec. 31, 2023 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 12 – SUBSEQUENT EVENTS Subsequent to December 31, 2023 the Company sold or issued additional shares of its restricted common stock as follows: (i) sales of 42,333,334 113,480 (ii) the issuance of 72,059,524 (iii) the issuance of 61,104,658 102,209 (iv) the issuance of 2,000,000 (v) In additional to the share issuances discussed above, the Company repaid the principal and accrued interest for a related party convertible promissory note with a principal balance of $100,000 that was in default and was due on October 2, 2023. Subsequent to December 31, 2023, the Company repaid the principal and accrued interest for a related party convertible promissory note with a principal balance of $100,000 that was in default and was due on October 2, 2023. |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 12 Months Ended |
Dec. 31, 2023 | |
Accounting Policies [Abstract] | |
Principles of Consolidation | Principles of Consolidation The consolidated financial statements of the Company include the accounts of the Company and Blockchain, which is a wholly owned subsidiary. Intercompany accounts and transactions have been eliminated in consolidation. |
Cash and Cash Equivalents | Cash and Cash Equivalents For purposes of the consolidated statements of cash flows, the Company considers all highly liquid investments and short-term debt instruments with original maturities of three months or less to be cash equivalents. There were no cash equivalents at December 31, 2023 and 2022. 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 $ 250,000 356,267 |
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 $ 325,156 172,877 |
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 December 31, 2023 and 2022 as deferred revenue, as the services have not yet been provided. |
Earnings Per Share | Earnings Per Share The Company has adopted FASB ASC 260-10, which provides for the calculation of basic and diluted earnings per share. Basic earnings per share includes no dilution and is computed by dividing net income or loss available to common stockholders by the weighted average common shares outstanding for the period. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of an entity. The potentially dilutive common stock equivalents for the years ended December 31, 2023 and 2022 were excluded from the dilutive loss per share calculation as they would be antidilutive due to the net loss. As of December 31, 2023 and 2022, there were approximately 824,048,635 681,658,102 |
Fair Value of Financial Instruments | Fair Value of Financial Instruments The carrying amounts of financial assets and liabilities, such as cash, accounts payable, accrued expenses, convertible notes payable and payables, approximate their fair values because of the short maturity of these instruments. |
Property, Plant and Equipment | Property, Plant and Equipment Property, plant and equipment are recorded at historical cost. Depreciation is computed on the straight-line method over the estimated useful lives of the respective assets. During the year ended December 31, 2019, the Company purchased a vessel with an estimated useful life of ten years seven years Depreciation expense was $ 21,860 |
Impairment of Long-Lived Assets | Impairment of Long-Lived Assets In accordance with ASC 360-10, the Company, on a regular basis, reviews the carrying amount of long-lived assets for the existence of facts or circumstances, both internally and externally, that suggest impairment. The Company determines if the carrying amount of a long-lived asset is impaired based on anticipated undiscounted cash flows, before interest, from the use of the asset. In the event of impairment, a loss is recognized based on the amount by which the carrying amount exceeds the fair value of the asset. Fair value is determined based on the appraised value of the assets or the anticipated cash flows from the use of the asset, discounted at a rate commensurate with the risk involved. There were no impairment charges recorded during the years ended December 31, 2023 and 2022. |
Use of Estimates | Use of Estimates The process of preparing consolidated financial statements in conformity with GAAP requires the use of estimates and assumptions regarding certain types of assets, liabilities, revenues, and expenses. Significant estimates for the years ended December 31, 2023 and 2022 include useful life of property, plant and equipment, valuation allowances against deferred tax assets and the fair value of non cash equity transactions. |
Segment Information | Segment Information During 2019, Seafarers wholly owned subsidiary, Blockchain began operations, generated revenue and incurred expenses. The business of Blockchain has no relation to the Companys shipwreck exploration and recovery operations other than common ownership. As such, the Company concluded that the operations of Blockchain and Seafarer Exploration were separate reportable segments as of the years ended December 31, 2023 and 2022 (see Note 11 – Segment Information). |
Convertible Debentures | Convertible Debentures The Company adopted the guidance in Accounting Standards Updated (ASU) 2020-06, Accounting for Convertible Instruments and Contracts in an Entitys Own Equity |
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 unearned compensation. |
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. |
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. |
Subsequent Events | Subsequent Events It is the Companys policy to evaluate all events that occur after the balance sheet date through the date when the financial statements were issued to determine if they must be reported. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements All other recent accounting pronouncements issued by the FASB, did not or are not believed by management to have a material impact on the Companys present or future consolidated financial statements. |
OPERATING LEASE RIGHT-OF-USE _2
OPERATING LEASE RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Leases [Abstract] | |
Schedule of right-of- use assets | Right-of-use assets at December 31, 2023 and 2022 are summarized below: Schedule of right-of- use assets December 31, 2023 December 31, 2022 Office lease $ 37,502 $ 48,957 Less accumulated amortization (7,212 ) (38,493 ) Right of use assets, net $ 30,290 $ 10,464 |
Schedule of operating lease liabilities | Operating Lease liabilities are summarized below: Schedule of operating lease liabilities December 31, 2023 December 31, 2022 Office lease $ 30,457 $ 10,807 Less: current portion (18,483 ) (10,807 ) Long term portion $ 11,974 $ - |
Schedule of Maturity of lease liabilities | Maturity of lease liabilities are as follows: Schedule of Maturity of lease liabilities Year ended December 31, 2024 $ 20,548 Year ended December 31, 2025 12,261 Total future minimum lease payments 32,809 Less: Present value discount (2,352 ) Lease liability $ 30,457 |
Schedule of Finance Right-Of-Use Assets | Finance right of use assets are summarized below: Schedule of Finance Right-Of-Use Assets December 31, December 31, 2023 2022 Vehicle lease $ 53,100 $ - Vessel lease 61,607 - Sonar lease 18,987 - Finance right of use asset before Accumulated Amortization 133,694 - Less accumulated amortization (17,673 ) - Finance right of use asset $ 116,021 $ - |
Schedule of Finance Lease Liabilities | Finance lease liabilities are summarized below: Schedule of Finance Lease Liabilities December 31, December 31, 2023 2022 Vehicle lease $ 45,034 $ - Vessel lease 60,085 - Sonar lease 17,061 - Total Lease Liabilities 122,180 - Less: current portion (22,263 ) - Long term portion $ 99,917 $ - |
Schedule of Future minimum lease payments | Maturity of lease liabilities are as follows: Schedule of Future minimum lease payments Year Ended December 31, 2024 $ 37,758 Year Ended December 31, 2025 37,758 Year Ended December 31, 2026 37,758 Year Ended December 31, 2027 37,758 Thereafter 4,414 Total future minimum lease payments 155,446 Less imputed interest (33,266 ) PV of payments $ 122,180 |
Schedule of Expenses with respect to Finance Leases | Expenses incurred with respect to the Companys finance leases during the years ended December 31, 2023 and 2022 which are included in general and administrative expenses on the consolidated statements of operations are set forth below. Schedule of Expenses with respect to Finance Leases December 31, December 31, 2023 2022 Finance lease amortization $ 26,915 $ - Finance lease interest 15,314 - Total finance lease expense $ 42,229 $ - |
Schedule of Weighted Average Remaining Lease Team and Average Discount on Finance Leases | The weighted average remaining lease term and the weighted average discount rate on the finance leases at December 31, 2023 and 2022 are set forth below. Schedule of Weighted Average Remaining Lease Team and Average Discount on Finance Leases December 31, December 31, 2023 2022 Weighted average remaining lease term 4.17 years - Weighted average discount rate 12% - |
CONVERTIBLE NOTES PAYABLE AND_2
CONVERTIBLE NOTES PAYABLE AND NOTES PAYABLE (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Convertible Notes Payable And Notes Payable | |
Schedule of Convertible Notes Payable | The following table reflects the convertible notes payable as of December 31, 2023 and 2022: Schedule of Convertible Notes Payable Issue Date Maturity December 31, December 31, Rate Conversion Principal Principal Convertible notes payable - related parties Notes payable, Face Value 07/06/22 01/06/23 $ - $ 20,000 6.00% 0.0015 Notes payable, Face Value 07/29/22 01/28/23 - 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 Balance convertible notes payable - related parties $ - $ 40,000 Issue Date Maturity December 31, December 31, Rate Conversion Principal Principal Convertible notes payable - in default Notes payable, Face Value 08/28/09 11/01/09 $ 4,300 $ 4,300 10.00% 0.0150 Notes payable, Face Value 11/20/12 05/20/13 50,000 50,000 6.00% 0.0050 Notes payable, Face Value 01/19/13 07/30/13 5,000 5,000 6.00% 0.0040 Notes payable, Face Value 02/11/13 08/11/13 9,000 9,000 6.00% 0.0060 Notes payable, Face Value 09/25/13 03/25/14 10,000 10,000 6.00% 0.0125 Notes payable, Face Value 10/04/13 04/04/14 50,000 50,000 6.00% 0.0125 Notes payable, Face Value 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 02/06/18 11/07/18 6,000 6,000 6.00% 0.0006 Notes payable, Face Value 03/06/18 09/06/18 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 09/18/23 10/18/23 120,000 -- 6.00% 0.0020 Balance convertible notes payable - in default $ 355,300 $ 235,300 Issue Date Maturity December 31, December 31, Rate Conversion Principal Principal Convertible notes payable - related parties, in default Notes payable, Face Value 01/09/09 01/09/10 $ 10,000 $ 10,000 10.00% 0.0150 Notes payable, Face Value 01/25/10 01/25/11 6,000 6,000 6.00% 0.0050 Notes payable, Face Value 01/18/12 07/18/12 50,000 50,000 8.00% 0.0040 Notes payable, Face Value 01/19/13 07/30/13 15,000 15,000 6.00% 0.0040 Notes payable, Face Value 07/26/13 01/26/14 10,000 10,000 6.00% 0.0100 Notes payable, Face Value 01/17/14 07/17/14 31,500 31,500 6.00% 0.0060 Notes payable, Face Value 05/27/14 11/27/14 7,000 7,000 6.00% 0.0070 Notes payable, Face Value 07/21/14 01/25/15 17,000 17,000 6.00% 0.0080 Notes payable, Face Value 10/16/14 04/16/15 21,000 21,000 6.00% 0.0045 Notes payable, Face Value 07/14/15 01/14/16 9,000 9,000 6.00% 0.0030 Notes payable, Face Value 01/12/16 07/12/16 5,000 5,000 6.00% 0.0020 Notes payable, Face Value 05/10/16 11/10/16 5,000 5,000 6.00% 0.0005 Notes payable, Face Value 05/10/16 11/10/16 5,000 5,000 6.00% 0.0005 Notes payable, Face Value 05/20/16 11/20/16 5,000 5,000 6.00% 0.0005 Notes payable, Face Value 07/12/16 01/12/17 2,400 2,400 6.00% 0.0006 Notes payable, Face Value 01/26/17 03/12/17 5,000 5,000 6.00% 0.0005 Notes payable, Face Value 02/14/17 08/14/17 25,000 25,000 6.00% 0.0008 Notes payable, Face Value 08/16/17 09/16/17 3,000 3,000 6.00% 0.0008 Notes payable, Face Value 01/09/18 01/09/19 12,000 12,000 6.00% 0.0006 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 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 10/31/21 04/13/22 3,000 3,000 2.00% 0.0020 Notes payable, Face Value 11/10/21 05/10/22 3,000 3,000 2.00% 0.0020 Notes payable, Face Value 07/06/22 01/06/23 20,000 - 6.00% 0.0015 Notes payable, Face Value 07/29/22 01/28/23 10,000 - 6.00% 0.0020 Notes payable, Face Value 08/04/22 02/04/23 10,000 - 6.00% 0.0020 Notes payable, Face Value 07/24/23 09/24/23 5,000 - 1.00% 0.00175 Notes payable, Face Value 08/02/23 10/01/23 100,000 - 6.00% 0.0020 Balance convertible notes payable - related parties, in default $ 789,500 $ 644,500 Balance all convertible notes payable $ 1,144,800 $ 919,800 |
Schedule of Notes Payable | The following tables reflect the notes payable at December 31, 2023 and 2022: Schedule of Notes Payable Issue Date Maturity December 31, December 31, Rate Principal Principal Notes payable Notes payable, Face Value 11/10/23 11/10/24 $ 500,000 $ - 6.00% Less unamortized discounts (95,214 ) - Balance notes payable $ 404,786 $ - Issue Date Maturity December 31, December 31, Rate Principal Principal Notes payable - in default Notes payable, Face Value 04/27/11 04/27/12 $ 5,000 $ 5,000 6.00% Notes payable, Face Value 12/14/17 12/14/18 2,000 8,000 6.00% Notes payable, Face Value 11/29/17 11/29/19 105,000 105,000 2.06% Balance notes payable – default $ 112,000 $ 118,000 Issue Date Maturity December 31, December 31, Rate Principal Principal Notes payable - related parties, in default Notes payable, Face Value 02/24/10 02/24/11 $ 7,500 $ 7,500 6.00% Notes payable, Face Value 10/06/15 11/15/15 10,000 10,000 6.00% Notes payable, Face Value 02/08/18 04/09/18 1,000 1,000 6.00% Balance notes payable - related parties, in default $ 18,500 $ 18,500 Balance all notes payable $ 535,286 $ 136,500 |
INCOME TAXES (Tables)
INCOME TAXES (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Income Tax Disclosure [Abstract] | |
Schedule of Income taxes computed at the federal statutory rate and the provision for income taxes | The items accounting for the difference between income taxes computed at the federal statutory rate and the provision for income taxes are as follows: Schedule of Income taxes computed at the federal statutory rate and the provision for income taxes For the Year For the Year Ended Ended December 31, 2023 December 31, 2022 Income tax at federal statutory rate (21.00 )% (21.00 )% State tax, net of federal effect (3.96 )% (3.96 )% (24.96 )% (24.96 )% Valuation allowance 24.96 % 24.96 % Effective rate 0.00 % 0.00 % |
SEGMENT INFORMATION (Tables)
SEGMENT INFORMATION (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Segment Reporting [Abstract] | |
Schedule of Segment Reporting Information, by Segment | Segment information relating to the Companys two Schedule of Segment Reporting Information, by Segment December 31, 2023 December 31, 2023 December 31, 2023 Blockchain LogisTech, LLC Seafarer Exploration Corp. Consolidated Service revenues $ - $ 19,235 $ 19,235 Total operating expenses - 3,070,726 3,070,726 Net loss from operations $ - $ (3,051,491 ) $ (3,051,491 ) Segment information relating to the Companys two operating segments for the year ended December 31, 2022 is as follows: December 31, 2022 December 31, 2022 December 31, 2022 Blockchain LogisTech, LLC Seafarer Exploration Corp. Consolidated Service revenues $ - $ 12,972 $ 12,972 Total operating expenses 30 2,438,325 2,438,355 Net loss from operations $ (30 ) $ (2,425,353 ) $ (2,425,383 ) |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Retained Earnings (Accumulated Deficit) | $ 28,347,458 | $ 25,166,812 |
Net Income (Loss) Attributable to Parent | 3,180,646 | $ 2,616,601 |
Working Capital Defecit | $ 1,808,783 |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) | 12 Months Ended | |||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2019 | |
Property, Plant and Equipment [Line Items] | ||||
Cash, FDIC Insured Amount | $ 250,000 | $ 250,000 | ||
Cash, Uninsured Amount | 356,267 | |||
Research and Development Expense | $ 325,156 | $ 172,877 | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 824,048,635 | 681,658,102 | ||
Depreciation | $ 21,860 | $ 21,860 | ||
Containers [Member] | ||||
Property, Plant and Equipment [Line Items] | ||||
Property, Plant and Equipment, Useful Life | 10 years | |||
Vehicles [Member] | ||||
Property, Plant and Equipment [Line Items] | ||||
Property, Plant and Equipment, Useful Life | 7 years |
OPERATING LEASE AND RIGHT-OF-US
OPERATING LEASE AND RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Details) - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 |
Leases [Abstract] | ||
Office lease | $ 37,502 | $ 48,957 |
Less accumulated amortization | (7,212) | (38,493) |
Right of use assets, net | $ 30,290 | $ 10,464 |
OPERATING LEASE AND RIGHT-OF-_2
OPERATING LEASE AND RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Details 2) - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 |
Leases [Abstract] | ||
Office lease | $ 30,457 | $ 10,807 |
Less: current portion | (18,483) | (10,807) |
Long term portion | $ 11,974 |
OPERATING LEASE AND RIGHT-OF-_3
OPERATING LEASE AND RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Details 3) - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 |
Leases [Abstract] | ||
Year ended December 31, 2024 | $ 20,548 | |
Year ended December 31, 2025 | 12,261 | |
Total future minimum lease payments | 32,809 | |
Less: Present value discount | (2,352) | |
Lease liability | $ 30,457 | $ 10,807 |
OPERATING LEASE AND RIGHT-OF-_4
OPERATING LEASE AND RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Details 4) - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 |
Lessee, Lease, Description [Line Items] | ||
Finance right of use asset before Accumulated Amortization | $ 133,694 | |
Less accumulated amortization | (17,673) | |
Finance right of use asset | 116,021 | |
Vehicles [Member] | ||
Lessee, Lease, Description [Line Items] | ||
Finance right of use asset before Accumulated Amortization | 53,100 | |
Containers [Member] | ||
Lessee, Lease, Description [Line Items] | ||
Finance right of use asset before Accumulated Amortization | 61,607 | |
Sonar [Member] | ||
Lessee, Lease, Description [Line Items] | ||
Finance right of use asset before Accumulated Amortization | $ 18,987 |
OPERATING LEASE AND RIGHT-OF-_5
OPERATING LEASE AND RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Details 5) - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 |
Lessee, Lease, Description [Line Items] | ||
Total Lease Liabilities | $ 122,180 | |
Less: current portion | (22,263) | |
Long term portion | 99,917 | |
Vehicles [Member] | ||
Lessee, Lease, Description [Line Items] | ||
Total Lease Liabilities | 45,034 | |
Containers [Member] | ||
Lessee, Lease, Description [Line Items] | ||
Total Lease Liabilities | 60,085 | |
Sonar [Member] | ||
Lessee, Lease, Description [Line Items] | ||
Total Lease Liabilities | $ 17,061 |
OPERATING LEASE AND RIGHT-OF-_6
OPERATING LEASE AND RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Details 6) - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 |
Leases [Abstract] | ||
Year Ended December 31, 2024 | $ 37,758 | |
Year Ended December 31, 2025 | 37,758 | |
Year Ended December 31, 2026 | 37,758 | |
Year Ended December 31, 2027 | 37,758 | |
Thereafter | 4,414 | |
Total future minimum lease payments | 155,446 | |
Less imputed interest | (33,266) | |
PV of payments | $ 122,180 |
OPERATING LEASE AND RIGHT-OF-_7
OPERATING LEASE AND RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Details 7) - USD ($) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Leases [Abstract] | ||
Finance lease amortization | $ 26,915 | |
Finance lease interest | 15,314 | |
Total finance lease expense | $ 42,229 |
OPERATING LEASE AND RIGHT-OF-_8
OPERATING LEASE AND RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Details 8) | Sep. 30, 2023 |
Leases [Abstract] | |
Operating Lease, Weighted Average Remaining Lease Term | 4 years 2 months 1 day |
Operating Lease, Weighted Average Discount Rate, Percent | 12% |
OPERATING LEASE RIGHT-OF-USE _3
OPERATING LEASE RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Details Narrative) - USD ($) | 1 Months Ended | 12 Months Ended | ||||||
Jul. 31, 2023 | Jul. 31, 2025 | Jul. 31, 2024 | Dec. 31, 2023 | Jun. 30, 2023 | Dec. 31, 2022 | Jun. 30, 2022 | Jun. 30, 2021 | |
Subsequent Event [Line Items] | ||||||||
Monthly Rents | $ 1,611 | $ 1,612 | $ 38,328 | $ 1,564 | $ 46,077 | $ 1,519 | $ 1,475 | |
Operating Lease, Expense | $ 17,792 | $ 18,403 | ||||||
Subsequent Event [Member] | ||||||||
Subsequent Event [Line Items] | ||||||||
Monthly Rents | $ 1,676 |
CONVERTIBLE NOTES PAYABLE AND_3
CONVERTIBLE NOTES PAYABLE AND NOTES PAYABLE (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2023 | Sep. 30, 2023 | Dec. 31, 2022 | |
Short-Term Debt [Line Items] | |||
Notes Payable, Related Parties, Current | $ 40,000 | ||
Convertible Notes Payable Related Party [Member] | |||
Short-Term Debt [Line Items] | |||
Debt Instrument, Face Amount | |||
Debt Instrument, Face Amount | 40,000 | ||
Debt Instrument, Face Amount | 40,000 | ||
Notes Payable, Related Parties, Current | 40,000 | ||
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 | |||
Debt Instrument, Face Amount | $ 20,000 | ||
Debt Instrument, Interest Rate, Stated Percentage | 6% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0015 | ||
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. 28, 2023 | ||
Debt Instrument, Face Amount | |||
Debt Instrument, Face Amount | $ 10,000 | ||
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 | |||
Debt Instrument, Face Amount | $ 10,000 | ||
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 | 355,300 | ||
Debt Instrument, Face Amount | 235,300 | ||
Debt Instrument, Face Amount | $ 355,300 | 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 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 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 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 091823 [Member] | |||
Short-Term Debt [Line Items] | |||
Debt Instrument, Issuance Date | Sep. 18, 2023 | ||
Debt Instrument, Maturity Date | Oct. 18, 2023 | ||
Debt Instrument, Face Amount | $ 120,000 | ||
Debt Instrument, Face Amount | |||
Debt Instrument, Interest Rate, Stated Percentage | 6% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0020 | ||
Debt Instrument, Face Amount | $ 120,000 | ||
Convertible Notes Payable Related Parties Default [Member] | |||
Short-Term Debt [Line Items] | |||
Debt Instrument, Face Amount | $ 644,500 | ||
Debt Instrument, Face Amount | $ 789,500 | 644,500 | |
Convertible Notes Payable Related Parties Default [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 | $ 0.000015 | ||
Debt Instrument, Face Amount | $ 20,000 | ||
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 072922 [Member] | |||
Short-Term Debt [Line Items] | |||
Debt Instrument, Issuance Date | Jul. 29, 2022 | ||
Debt Instrument, Maturity Date | Jan. 28, 2023 | ||
Debt Instrument, Face Amount | $ 10,000 | ||
Debt Instrument, Face Amount | |||
Debt Instrument, Interest Rate, Stated Percentage | 6% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.000020 | ||
Debt Instrument, Face Amount | $ 10,000 | ||
Convertible Notes Payable Related Parties Default [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 | $ 0.000020 | ||
Debt Instrument, Face Amount | $ 10,000 | ||
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 | $ 0.000040 | ||
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 | $ 0.000150 | ||
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 | $ 0.000050 | ||
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 | $ 0.000040 | ||
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 | $ 0.000100 | ||
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 | $ 0.000060 | ||
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 | $ 0.000070 | ||
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 | $ 0.000080 | ||
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 | $ 0.000045 | ||
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 | $ 0.000030 | ||
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 | $ 0.000020 | ||
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 | $ 0.000005 | ||
Debt Instrument, Face Amount | $ 5,000 | 5,000 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 051016 Two [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 | $ 0.000005 | ||
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 | $ 0.000005 | ||
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 | $ 0.000006 | ||
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 | $ 0.000005 | ||
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 | $ 0.000008 | ||
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 | $ 0.000008 | ||
Debt Instrument, Face Amount | $ 3,000 | 3,000 | |
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 | $ 0.000006 | ||
Debt Instrument, Face Amount | $ 12,000 | 12,000 | |
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 | $ 0.000007 | ||
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 | $ 0.000007 | ||
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 | $ 0.000007 | ||
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 | $ 0.000007 | ||
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 | $ 0.000007 | ||
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 | $ 0.000007 | ||
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 | $ 0.000007 | ||
Debt Instrument, Face Amount | $ 500 | 500 | |
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 | $ 0.000007 | ||
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 | $ 0.000008 | ||
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 | $ 0.000007 | ||
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 | $ 0.000008 | ||
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 | $ 0.000008 | ||
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 | $ 0.000008 | ||
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 | $ 0.000040 | ||
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 | $ 0.000030 | ||
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 | $ 0.000030 | ||
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 | $ 0.000025 | ||
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 | $ 0.000030 | ||
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 | $ 0.000030 | ||
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 | $ 0.000030 | ||
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 | $ 0.000035 | ||
Debt Instrument, Face Amount | $ 25,200 | 25,200 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 080620 Two [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 | $ 0.000035 | ||
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 | $ 0.000035 | ||
Debt Instrument, Face Amount | $ 50,400 | 50,400 | |
Convertible Notes Payable Related Parties Default [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 | $ 3,000 | ||
Debt Instrument, Face Amount | $ 3,000 | ||
Debt Instrument, Interest Rate, Stated Percentage | 2% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.000020 | ||
Debt Instrument, Face Amount | $ 3,000 | 3,000 | |
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 | $ 3,000 | ||
Debt Instrument, Interest Rate, Stated Percentage | 2% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.000020 | ||
Debt Instrument, Face Amount | $ 3,000 | 3,000 | |
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 072423 [Member] | |||
Short-Term Debt [Line Items] | |||
Debt Instrument, Issuance Date | Jul. 24, 2023 | ||
Debt Instrument, Maturity Date | Sep. 24, 2023 | ||
Debt Instrument, Face Amount | $ 5,000 | ||
Debt Instrument, Face Amount | |||
Debt Instrument, Interest Rate, Stated Percentage | 1% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.0000175 | ||
Debt Instrument, Face Amount | $ 5,000 | ||
Convertible Notes Payable Related Parties Default [Member] | Notes Issued 080223 [Member] | |||
Short-Term Debt [Line Items] | |||
Debt Instrument, Issuance Date | Aug. 02, 2023 | ||
Debt Instrument, Maturity Date | Oct. 01, 2023 | ||
Debt Instrument, Face Amount | $ 100,000 | ||
Debt Instrument, Face Amount | |||
Debt Instrument, Interest Rate, Stated Percentage | 6% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.000020 | ||
Debt Instrument, Face Amount | $ 100,000 |
CONVERTIBLE NOTES PAYABLE AND_4
CONVERTIBLE NOTES PAYABLE AND NOTES PAYABLE (Details 2) - USD ($) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Short-Term Debt [Line Items] | ||
Discount on Convertible Notes Payable - Related Parties | $ (95,214) | $ 0 |
Discount on Convertible Notes Payable - Related Parties | 95,214 | 0 |
Notes Payable [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Face Amount | 404,786 | |
Debt Instrument, Face Amount | ||
Debt Instrument, Face Amount | $ 404,786 | |
Notes Payable [Member] | Notes Issued 120821 [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Issuance Date | Nov. 10, 2023 | |
Debt Instrument, Maturity Date | Nov. 10, 2024 | |
Debt Instrument, Face Amount | $ 500,000 | |
Debt Instrument, Face Amount | ||
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Face Amount | $ 500,000 | |
Notes Payable Default [Member] | ||
Short-Term Debt [Line Items] | ||
Debt Instrument, Face Amount | 112,000 | |
Debt Instrument, Face Amount | 118,000 | |
Debt Instrument, Face Amount | $ 112,000 | 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 | 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 | $ 2,000 | |
Debt Instrument, Face Amount | $ 8,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 6% | |
Debt Instrument, Face Amount | $ 2,000 | 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 | 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 | 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 | 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 | 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 | $ 1,000 |
STOCKHOLDERS_ DEFICIT (Details
STOCKHOLDERS’ DEFICIT (Details Narrative) - $ / shares | Dec. 31, 2023 | Dec. 31, 2022 |
Class of Stock [Line Items] | ||
Common Stock, Shares Authorized | 9,900,000,000 | 9,900,000,000 |
Common Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 |
Preferred Stock, Shares Authorized | 50,000,000 | 50,000,000 |
Series B Preferred Stock [Member] | ||
Class of Stock [Line Items] | ||
Preferred Stock, Shares Outstanding | 60 | 60 |
INCOME TAXES (Details)
INCOME TAXES (Details) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Income Tax Disclosure [Abstract] | ||
Income tax at federal statutory rate | (21.00%) | (21.00%) |
State tax, net of federal effect | (3.96%) | (3.96%) |
Valuation allowance | 24.96% | 24.96% |
Effective rate | 0% | 0% |
INCOME TAXES (Details Narrative
INCOME TAXES (Details Narrative) - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 |
Income Tax Disclosure [Abstract] | ||
Tax Credit Carryforward, Valuation Allowance | $ 13,900,000 | |
Operating Loss Carryforwards | $ 28,300,000 | $ 25,200,000 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2023 | Dec. 31, 2022 | |
Related Party Transaction [Line Items] | ||||
Professional and Contract Services Expense | $ 1,750,806 | $ 1,487,446 | ||
Consultant [Member] | ||||
Related Party Transaction [Line Items] | ||||
Professional and Contract Services Expense | $ 27,000 | $ 36,500 | ||
Limited Liability Company [Member] | ||||
Related Party Transaction [Line Items] | ||||
Professional and Contract Services Expense | 38,000 | 32,000 | ||
Insurance Commissions and Fees | $ 6,637 | $ 6,478 |
Schedule of Segment Reporting I
Schedule of Segment Reporting Information, by Segment (Details) | 12 Months Ended |
Dec. 31, 2023 Number | |
Segment Reporting [Abstract] | |
Number of Reportable Segments | 2 |
SEGMENT INFORMATION (Details)
SEGMENT INFORMATION (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Service revenues | $ 19,235 | $ 12,972 |
Total operating expenses | 3,070,726 | 2,438,355 |
Net loss from operations | (3,051,491) | (2,425,383) |
Subsidiaries [Member] | ||
Service revenues | ||
Total operating expenses | 30 | |
Net loss from operations | (30) | |
Parent Company [Member] | ||
Service revenues | 19,235 | 12,972 |
Total operating expenses | 3,070,726 | 2,438,325 |
Net loss from operations | $ (3,051,491) | $ (2,425,353) |
SUBSEQUENT EVENTS (Details Narr
SUBSEQUENT EVENTS (Details Narrative) - USD ($) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022 | |
Subsequent Event [Line Items] | |||
Stock Issued During Period, Value, Other | $ 1,400 | ||
Stock issued to settle accounts payable | $ 28,949 | ||
Common Stock [Member] | |||
Subsequent Event [Line Items] | |||
Stock Issued During Period, Shares, Other | 500,000 | ||
Stock Issued During Period, Value, Other | $ 50 | ||
Common Stock Issued to Service Provider | 147,127,747 | 72,175,920 | |
Stock issued to settle accounts payable, Shares | 8,057,917 | ||
Stock issued to settle accounts payable | $ 805 | ||
Stock issued for loan origination fee, Shares | 21,500,000 | ||
Subsequent Event [Member] | Restricted Stock [Member] | Common Stock [Member] | |||
Subsequent Event [Line Items] | |||
Stock Issued During Period, Shares, Other | 42,333,334 | ||
Stock Issued During Period, Value, Other | $ 113,480 | ||
Common Stock Issued to Service Provider | 72,059,524 | ||
Stock issued to settle accounts payable, Shares | 61,104,658 | ||
Stock issued to settle accounts payable | $ 102,209 | ||
Stock issued for loan origination fee, Shares | 2,000,000 |