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Description of Business
6 Months Ended
Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Description of Business

NOTE 1 - DESCRIPTION OF BUSINESS

 

Seafarer Exploration Corp. (the “Company”), formerly Organetix, Inc. (“Organetix”), was incorporated on May 28, 2003 in the State of Delaware.

 

The principal business of the Company is to engage in the archaeologically-sensitive exploration, documentation, recovery, and conservation of historic shipwrecks with the objective of exploring and discovering Colonial-era shipwrecks for future generations to be able to appreciate and understand. The Company's wholly owned subsidiary Blockchain LogisTech, LLC, which was formed on April 4, 2018 and began operations in 2019, has a strategic partnership to provide referrals to a provider of blockchain related software services. The Company is also actively seeking revenue generating opportunities in order to generate revenue streams to support its historic shipwreck exploration and recovery operations.