Seafarer Exploration Corp (SFRX) — SEC Filings
Seafarer Exploration Corp (SFRX) — 19 SEC filings. Latest: 10-K (Mar 26, 2026). Includes 6 10-Q, 4 10-Q/A, 3 10-K.
View Seafarer Exploration Corp on SEC EDGAR
Overview
Seafarer Exploration Corp (SFRX) is a publicly traded company tracked on ReadTheFiling. The most recent enriched filing is a 10-K filed on Mar 26, 2026: SEAFARER EXPLORATION CORP. (SFRX) reported no significant revenues for the years ended December 31, 2025, and 2024, continuing a trend since its inception in 2003. The company expects to incur significant operating losses and negative cash flows while developing its infrastructure and proprietary Se
Sentiment Summary
Across 19 filings, the sentiment breakdown is: 5 bearish, 14 neutral. The dominant filing sentiment for Seafarer Exploration Corp is neutral.
Filing Type Overview
Seafarer Exploration Corp (SFRX) has filed 3 10-K, 6 10-Q, 4 10-Q/A, 2 8-K, 3 10-K/A, 1 SC 13G/A with the SEC between Jan 2024 to Mar 2026.
Filings by Year
Recent SEC Filings (19)
Risk Profile
Risk Assessment: Of SFRX's 17 recent filings, 5 were flagged as high-risk, 1 as medium-risk, and 11 as low-risk. The overall risk profile suggests relatively low risk with generally favorable filings.
Financial Highlights
| Metric | Value |
|---|---|
| Revenue | $0 |
| Net Income | Not Disclosed |
| EPS | Not Disclosed |
| Debt-to-Equity | Not Disclosed |
| Cash Position | Not Disclosed |
| Operating Margin | Not Disclosed |
| Total Assets | Not Disclosed |
| Total Debt | Not Disclosed |
Industry Context
The shipwreck exploration and recovery industry is highly specialized and capital-intensive. Companies in this sector often face long development cycles, significant upfront investment in technology and exploration, and complex regulatory environments. Competition can be fierce, with established players often having greater financial resources and operational experience.
Top Tags
10-Q (6) · SEC Filing (4) · financials (4) · quarterly-report (3) · amendment (3) · 10-K (3) · Seafarer Exploration Corp (3) · Speculative Investment (2) · Shipwreck Exploration (2) · Going Concern (2)
Executive Compensation
From the most recent 10-K filing (Mar 26, 2026):
- Michael L. Scott — Chief Executive Officer: $350,000
- Edward L. Cantrell — Chief Financial Officer: $250,000
Key Numbers
| Metric | Value | Context |
|---|---|---|
| Significant Revenues | $0 | No significant revenues generated for years ended December 31, 2025 and 2024, or since inception. |
| Cash Runway | <1 month | Expected time until available cash is expended from March 26, 2026 filing date. |
| Outstanding Shares | 10,367,659,214 | Total common stock outstanding as of March 26, 2026, indicating significant dilution potential. |
| Non-Affiliate Market Value | $28,761,808 | Aggregate market value of voting common equity held by non-affiliates as of the last business day of the most recently completed second fiscal quarter. |
| Net Loss | $2,055,690 | for the nine months ended September 30, 2025, a 32.8% improvement year-over-year |
| Service Income | $0 | for the nine months ended September 30, 2025, down from $9,784 in 2024 |
| Accumulated Deficit | $34,299,867 | as of September 30, 2025, indicating significant historical losses |
| Working Capital Deficit | $3,471,495 | as of September 30, 2025, highlighting immediate liquidity concerns |
| Convertible Notes Payable in Default | $1,300,300 | as of September 30, 2025, indicating significant debt distress |
| Notes Payable in Default | $1,130,500 | as of September 30, 2025, further exacerbating financial risk |
| Common Stock Shares Outstanding | 9,835,377,858 | as of November 13, 2025, indicating high potential for dilution |
| Cash | $3,237 | As of June 30, 2025, expected to be expended in less than three months. |
| Notes Payable, in Default | $1,107,800 | As of June 30, 2025, representing a significant portion of current liabilities. |
| Convertible Notes Payable, in Default - Related Parties | $704,500 | As of June 30, 2025, adding to the company's default obligations. |
| Total Assets | $223,639 | As of June 30, 2025, a decrease from $288,400 at December 31, 2024. |
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Frequently Asked Questions
What are the latest SEC filings for Seafarer Exploration Corp (SFRX)?
Seafarer Exploration Corp has 19 recent SEC filings from Jan 2024 to Mar 2026, including 6 10-Q, 4 10-Q/A, 3 10-K. Each filing includes an AI-generated plain-English summary.
What is the overall sentiment of SFRX filings?
Across 19 filings, the sentiment breakdown is: 5 bearish, 14 neutral. The dominant sentiment is neutral.
Where can I find Seafarer Exploration Corp SEC filings explained simply?
ReadTheFiling provides AI-powered plain-English summaries of all Seafarer Exploration Corp (SFRX) SEC filings, including 10-K annual reports, 10-Q quarterly reports, 8-K current reports, and insider trades.
What are the key financial highlights for Seafarer Exploration Corp?
Key financial highlights from Seafarer Exploration Corp's most recent 10-K include metrics such as revenue, net income, EPS, and debt ratios. Visit the filing detail page for the full breakdown.
What is the investment thesis for SFRX?
The investment thesis for SFRX includes bull, base, and bear case scenarios derived from AI analysis of recent SEC filings.
Who are the key executives at Seafarer Exploration Corp?
Executive information for Seafarer Exploration Corp is extracted from SEC filings as they are enriched with AI analysis.
What are the main risk factors for Seafarer Exploration Corp stock?
Of SFRX's 17 assessed filings, 5 were flagged high-risk, 1 medium-risk, and 11 low-risk.
What are recent predictions and forward guidance from Seafarer Exploration Corp?
Forward guidance and predictions for Seafarer Exploration Corp are extracted from SEC filings as they are enriched.