SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

SEGMENT INFORMATION

NOTE 10 – 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. The segments were identified based on how the Chief Operating Decision Maker (the “CODM”), who we have determined to be our Chief Executive Officer, manages and evaluates performance and allocates resources. The CODM periodically reviews revenues, operating expenses and assets. As such, the Company has presented the income (loss) from operations during the three month and six month periods ended June 30, 2025 and 2024 incurred by the two separate segments below.

During the six month periods ended June 30, 2025 and 2024, 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 six month period ended June 30, 2025 is as follows:

	June 30, 2025		June 30, 2025			June 30, 2025
	Blockchain LogisTech, LLC		Seafarer Exploration Corp.			Consolidated
Service revenues	$	-	$	-		$	-
Total operating expenses		-		1,259,895			1,259,895
Net loss from operations	$	-	$	(1,259,895	)	$	(1,259,895	)

Segment information relating to the Company’s two operating segments for the six month period ended June 30, 2024 is as follows:

	June 30, 2024		June 30, 2024			June 30, 2024
	Blockchain LogisTech, LLC		Seafarer Exploration Corp.			Consolidated
Service revenues	$	-	$	3,170		$	3,170
Total operating expenses		-		1,924,444			1,924,444
Net loss from operations	$	-	$	(1,921,274	)	$	(1,921,274	)

The following information shows information for the total assets relating to the Company’s two operating segments as of June 30, 2025 and December 31, 2024 are as follows:

	June 30, 2025		June 30, 2025		June 30, 2025
	Blockchain LogisTech, LLC		Seafarer Exploration Corp.		Consolidated
Total assets	$	-	$	223,639	$	223,639
	December 31, 2024		December 31, 2024		December 31, 2024
	Blockchain LogisTech, LLC		Seafarer Exploration Corp.		Consolidated
Total assets	$	-	$	288,400	$	288,400