SEAFARER EXPLORATION CORP (SFRX) Form 10-Q — Aug 13, 2026
Seafarer Exploration Corp's Form 10-Q for the quarter ended June 30, 2026 discloses substantial doubt about its ability to continue as a going concern, with just $25,267 in cash and an expectation that available cash will be exhausted in less than one month from the filing date. The company carries a $3,453,726 working capital deficit against only $27,620 of current assets. The shipwreck-exploration company generated zero revenue and posted a net loss of $397,460 for the quarter and $1,291,630 for the six months.
Key figures
- Eps
- 0
- Revenue
- 0
- Total Assets
- 174251
- Cash Position
- 25267
- Shares Outstanding
- 11040410363
- Cash runway
- less than one month from filing date
- Accumulated deficit
- 36278306
- Working capital deficit
- 3453726
- Notes payable in default
- 1025500
- Convertible notes in default
- 1084800
- Shares outstanding june 30 2026
- 11019410363
- Shares issued for cash six months
- 696700011
- Proceeds from stock sales six months
- 938550
- Subsequent july 2026 convertible note
- 30000
- Shares underlying convertible notes and warrants
- 863533859
AI analysis
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