SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2021

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 12 – SUBSEQUENT EVENTS

On January 18, 2022, Seafarer received notification from the Circuit Court of the Thirteenth Judicial Circuit that 61,183,645 restricted common shares from the Defendant could be returned to the Plaintiff. On January 19, 2022, such shares were returned to the treasury stock of Seafarer and accounted for by Seafarer’s transfer agent. The settlement also included “Defendant (Torres) has agreed and hereby it is recognized by the Court that Defendant has made a full retraction of his assertions…” and agreed to pay back an undisclosed amount of money to Seafarer that the Company does not anticipate being able to collect.

Subsequent to December 31, 2021 the Company sold or issued shares of its restricted common stock as follows:

(i) sales of 328,000,000 shares of restricted common stock under subscription agreements for proceeds of $664,000; and

(ii) issuance of 33,885,913 shares of restricted common stock to various service providers.

Subsequent to December 31, 2021 the following loans went into default:

1) A loan due to the Company’s CEO in the amount of $1,400 was due January 25, 2022; and

2) A loan due to the Company’s CEO in the amount of $1,000 was due January 26, 2022.

Subsequent to December 31, 2021 the following loans were repaid:

1) A convertible promissory with a face value of $50,000 that was due January 8, 2022 was paid in full prior to the due date.