RELATED PARTY TRANSACTIONS	6 Months Ended
Jun. 30, 2021
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 8 – RELATED PARTY TRANSACTIONS During the six month period ended June 30, 2021, the Company has had extensive dealings with related parties including the following: In April of 2021, Seafarer’s CEO provided a loan to the Company in the amount of $6,000. The loan pays a 1% annual rate of interest, is due and payable on October 26, 2021 and is not secured. The Company issued 8,734,640 shares of restricted common stock to a related party to settle $20,302 of accrued interest owed on sixteen convertible notes payable. Beginning in January of 2021, the Company began paying its CEO a salary of approximately $28,750 per month. For the six month periods ended June 30, 2021 and 2020, the Company paid its CEO total $158,126 and $28,820, respectively, and for the three month periods ended June 30, 2021 and 2020 the Company paid its CEO $57,500 and $28,820, respectively. The CEO’s salary is included in general and administrative expenses on the consolidated statements of operations for the three and six month periods ended June 30, 2021 and 2020. During the six month period ended June 30, 2020, the Company has had extensive dealings with related parties including the following: In January of 2020, the Company entered into a convertible promissory note agreement in the amount of $51,000 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 June 30, 2020. The note is unsecured and is convertible at the lender’s option into shares of the Company’s common stock at a rate of $0.003 per share. This note is currently in default due to non payment of principal and interest upon maturity. Additional related party transactions: The Company has an informal consulting agreement with a limited liability company that is owned and controlled by a person who is related to its CEO to provide general business consulting Service, including periodically assessing the Company’s business and advising management with respect to an appropriate business strategy on an ongoing basis, commenting on proposed corporate decisions, performing 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 Company’s agreements and books and records. The consultant provides the services under the direction and supervision of the Company’s CEO. During the six month periods ended June 30, 2021 and 2020, the Company paid consulting fees of $5,000 and $25,000, respectively, for services rendered. These fees are recorded in consulting and contractor expenses in the accompanying condensed consolidated statements of operations. At June 30, 2021 and December 31, 2020, the Company owed the related party $1,000 and $1,425, respectively, which is included in accounts payable and accrued expenses on the condensed consolidated balance sheets. The Company has an ongoing agreement with a limited liability company that is owned and controlled by a person who is related to the Company’s CEO to provide stock transfer agency services. During the six month periods ended June 30, 2021 and 2020, the Company paid the related party fees of $7,675 and $525, respectively, for services rendered. These fees are recorded in consulting and contractor expenses in the accompanying condensed consolidated statements of operations. At June 30, 2021 and December 31, 2020, the Company owed the related party $825 and $0, respectively, which is included in accounts payable and accrued expenses on the condensed consolidated balance sheets. During the six month periods ended June 30, 2021 and 2020, the Company paid a related party consultant fees of $20,000 and $10,000, respectively for marketing and administrative services rendered to the Company’s Blockchain subsidiary. All of the fees paid to the related party consultant are recorded in consulting and contractor expenses in the accompanying condensed consolidated statements of operations. At June 30, 2021 and December 31, 2020, the Company owed the related party consultant $3,000 and $0, respectively, which is included in accounts payable and accrued expenses on the condensed consolidated balance sheets. Shareholder Loan At June 30, 2021 and the Company had a two loans outstanding to its CEO in the total amount of $7,500. A loan due and payable on October 26, 2021 in the amount of $6,000 with a 1% annual rate of interest and a loan with no due date in the amount of $1,500 with a 2% annual rate of interest and an option to convert the loan into restricted shares of the Company’s common stock at $0.0005. At June 30, 2020, 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.

RELATED PARTY TRANSACTIONS

6 Months Ended

Jun. 30, 2021

NOTE 8 – RELATED PARTY TRANSACTIONS

During the six month period ended June 30, 2021, the Company has had extensive dealings with related parties including the following:

In April of 2021, Seafarer’s CEO provided a loan to the Company in the amount of $6,000. The loan pays a 1% annual rate of interest, is due and payable on October 26, 2021 and is not secured.

The Company issued 8,734,640 shares of restricted common stock to a related party to settle $20,302 of accrued interest owed on sixteen convertible notes payable.

Beginning in January of 2021, the Company began paying its CEO a salary of approximately $28,750 per month. For the six month periods ended June 30, 2021 and 2020, the Company paid its CEO total $158,126 and $28,820, respectively, and for the three month periods ended June 30, 2021 and 2020 the Company paid its CEO $57,500 and $28,820, respectively. The CEO’s salary is included in general and administrative expenses on the consolidated statements of operations for the three and six month periods ended June 30, 2021 and 2020.

During the six month period ended June 30, 2020, the Company has had extensive dealings with related parties including the following:

In January of 2020, the Company entered into a convertible promissory note agreement in the amount of $51,000 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 June 30, 2020. The note is unsecured and is convertible at the lender’s option into shares of the Company’s common stock at a rate of $0.003 per share. This note is currently in default due to non payment of principal and interest upon maturity.

Additional related party transactions:

The Company has an informal consulting agreement with a limited liability company that is owned and controlled by a person who is related to its CEO to provide general business consulting Service, including periodically assessing the Company’s business and advising management with respect to an appropriate business strategy on an ongoing basis, commenting on proposed corporate decisions, performing 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 Company’s agreements and books and records. The consultant provides the services under the direction and supervision of the Company’s CEO. During the six month periods ended June 30, 2021 and 2020, the Company paid consulting fees of $5,000 and $25,000, respectively, for services rendered. These fees are recorded in consulting and contractor expenses in the accompanying condensed consolidated statements of operations. At June 30, 2021 and December 31, 2020, the Company owed the related party $1,000 and $1,425, respectively, which is included in accounts payable and accrued expenses on the condensed consolidated balance sheets.

The Company has an ongoing agreement with a limited liability company that is owned and controlled by a person who is related to the Company’s CEO to provide stock transfer agency services. During the six month periods ended June 30, 2021 and 2020, the Company paid the related party fees of $7,675 and $525, respectively, for services rendered. These fees are recorded in consulting and contractor expenses in the accompanying condensed consolidated statements of operations. At June 30, 2021 and December 31, 2020, the Company owed the related party $825 and $0, respectively, which is included in accounts payable and accrued expenses on the condensed consolidated balance sheets.

During the six month periods ended June 30, 2021 and 2020, the Company paid a related party consultant fees of $20,000 and $10,000, respectively for marketing and administrative services rendered to the Company’s Blockchain subsidiary. All of the fees paid to the related party consultant are recorded in consulting and contractor expenses in the accompanying condensed consolidated statements of operations. At June 30, 2021 and December 31, 2020, the Company owed the related party consultant $3,000 and $0, respectively, which is included in accounts payable and accrued expenses on the condensed consolidated balance sheets.

Shareholder Loan

At June 30, 2021 and the Company had a two loans outstanding to its CEO in the total amount of $7,500. A loan due and payable on October 26, 2021 in the amount of $6,000 with a 1% annual rate of interest and a loan with no due date in the amount of $1,500 with a 2% annual rate of interest and an option to convert the loan into restricted shares of the Company’s common stock at $0.0005.

At June 30, 2020, 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.