SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

SEGMENT INFORMATION

NOTE 9 – SEGMENT INFORMATION

Seafarer’s wholly owned subsidiary Blockchain began operations in 2019 by providing referrals in exchange for referral fees for closed business.

Due to Blockchain starting operations which have no relation to the Company’s shipwreck and exploration recovery business, the Company evaluated this business and its impact upon the existing corporate structure. The Company has determined that Blockchain and Seafarer Exploration Corp. operate as separate segments of the business. As such, the Company has presented the income (loss) from operations during the three month periods ended March 31, 2023 and 2022 incurred by the two separate segments below.

During the three month periods ended March 31, 2023 and 2022, Blockchain revenues were $0 and were 0% of the consolidated revenues of the Company.

Segment information relating to the Company’s two operating segments for the three month period ended March 31, 2023 is as follows:

	March 31, 2023		March 31, 2023			March 31, 2023
	Blockchain LogisTech, LLC		Seafarer Exploration Corp.			Consolidated
Service revenues	$	-	$	-		$	-
Total operating expenses		-		974,381			974,381
Net loss from operations	$	-	$	(974,381	)	$	(974,381	)

Segment information relating to the Company’s two operating segments for the three month period ended March 31, 2022 is as follows:

	March 31, 2022			March 31, 2022			March 31, 2022
	Blockchain LogisTech, LLC			Seafarer Exploration Corp.			Consolidated
Service revenues	$	-		$	3,089		$	3,089
Total operating expenses		10			736,063			736,073
Net loss from operations	$	(10	)	$	(732,974	)	$	(732,984	)