Seafarer Exploration Corp.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | — | — | — | — | — | — | — | — |
| Accounts Receivable | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — |
| Total Current Assets | $58.1K | $26.7K | $641.0K | $178.2K | $85.6K | $310.7K | $778.8K | $2.8K |
| Property, Plant & Equipment | $170.7K | $250.0K | $248.9K | $154.8K | $176.5K | $197.3K | $199.7K | — |
| Goodwill | — | — | — | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | — | — | — | — | — | — | — | — |
| Total Assets | $275.7K | $288.4K | $920.2K | $343.4K | $289.0K | $550.0K | $1.1M | $80.8K |
| Liabilities | ||||||||
| Accounts Payable | $1.0M | $636.1K | $565.0K | $624.6K | $517.0K | $350.8K | $287.1K | $481.0K |
| Total Current Liabilities | $3.6M | $3.0M | $2.4M | $1.8M | $1.8M | $1.5M | $1.3M | $1.6M |
| Long-Term Debt | — | — | — | — | — | — | — | — |
| Total Liabilities | $3.7M | $3.1M | $2.5M | $1.8M | $1.8M | $1.5M | $1.3M | $1.6M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-35.0M | $-32.2M | $-28.3M | $-25.2M | $-22.6M | $-19.9M | $-17.3M | $-15.0M |
| Total Stockholders' Equity | $-3.4M | $-2.8M | $-1.6M | $-1.5M | $-1.5M | $-947.0K | $-206.5K | $-1.5M |