10-Q/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q/A

Amendment No. 1

(Mark One)

☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2016

or

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _________ to __________.

Commission File Number 000-29461

SEAFARER EXPLORATION CORP.

(Exact name of registrant as specified in its charter)

Florida	90-0473054
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

14497 N. Dale Mabry Highway, Suite 209-N, Tampa, Florida 33618

(Address of principal executive offices)(Zip code)

(813) 448-3577

Registrant’s telephone number

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Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes ☑ No ☐

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes ☑ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☐	Smaller reporting company	☑
(Do not check if a smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).

Yes  ☐ No ☑

As of August 16, 2016, there were 1,926,893,451 shares of the registrant’s common stock, $.0001 par value per share, outstanding.

2

EXPLANATORY NOTE

The purpose of this amendment on Form 10-Q/A to Seafarer Exploration Corp's Quarterly Report on Form 10-Q for the period ended June 30, 2016, filed with the Securities and Exchange Commission on August 19, 2016 is solely to furnish Exhibit 101 to the Form 10-Q in accordance with Rule 405 of Regulation S-T.

No other changes have been made to the Form 10-Q. This Amendment No. 1 to the Form 10-Q speaks as of the original filing date of the Form 10-Q, does not reflect events that may have occurred subsequent to the original filing date, and does not modify or update in any way disclosures made in the original Form 10-Q.

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Item 6. Exhibits

Set forth below is a list of the exhibits to this quarterly report on Form 10-Q/A.

Exhibit Number	Description
**31.1	Certification of the Chief Executive Officer pursuant to Rule 13a-14(a) or Rule 15d-14(a) of the Securities and Exchange Act of 1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
**32.1	Certification of the Chief Executive Officer pursuant to Rule 13a-14(b) or Rule 15d-14(b) of the Securities and Exchange Act of 1934, as amended, and 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
** 99.1	Temporary Hardship Exemption.
*101.INS	XBRL Instance Document
*101.SCH	XBRL Taxonomy Extension Schema
*101.CAL	XBRL Taxonomy Extension Calculation Linkbase
*101.DEF	XBRL Taxonomy Extension Definition Linkbase
*101.LAB	XBRL Taxonomy Extension Label Linkbase
*101.PRE	XBRL Taxonomy Extension Presentation Linkbase

* Furnished herewith.

** Previously filed.

4

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	SEAFARER EXPLORATION CORP.
Date: August 24, 2016	By:	/s/ Kyle Kennedy
		Kyle Kennedy President, Chief Executive Officer, and Chairman of the Board (Principal Executive Officer and Principal Accounting Officer)

Date: August 24, 2016	By:	/s/ Charles Branscum
		Charles Branscum, Director

Date: August 24, 2016	By:	/s/ Robert L. Kennedy
		Robert L. Kennedy, Director

5

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Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Aug. 16, 2016
Document And Entity Information
Entity Registrant Name	SEAFARER EXPLORATION CORP
Entity Central Index Key	0001106213
Document Type	10-Q/A
Document Period End Date	Jun. 30, 2016
Amendment Flag	true
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		1,926,893,451
Amendment Description	The purpose of this amendment on form 10-Q to Seafarer Exploration Corp's Quarterly Report for the period ended June 30, 2016, filed with the Securities and Exchange Commission on August 19, 2016 is solely to furnish Exhibit 101 to the Form 10-QK in accordance with rule 405 of Regulation S-T. No other changes have been made to the Form 10-Q. This Amendment No. 1 to the Form 10-Q speaks of the original filing date of the Form 10-Q, does not reflect events that may have occurred subsequent to the original filing date, and does not modify or update in any way disclosures made in the original Form 10-Q.
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2016

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Condensed Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash		$ 5,097
Prepaid expenses	66,975	28,557
Deposits and other receivables	316	316
Total current assets	67,291	33,970
Property and equipment, net	46,284	63,276
Total Assets	113,575	97,246
Current liabilities:
Accounts payable and accrued expense	317,402	244,678
Convertible notes payable, net of discounts of $15,497 and $17,295	9,503	45,705
Convertible notes payable, related parties, net of discounts of $11,027 and $0	8,973	9,000
Convertible notes payable, in default	449,300	391,300
Convertible notes payable, in default - related parties	176,500	167,500
Convertible notes payable, at fair value	186,605	311,076
Shareholder loan	36,963	32,703
Notes payable, in default	47,000	30,000
Notes payable, in default - related parties	17,500	17,500
Total current liabilities	1,249,746	1,249,462
Stockholders' deficit:
Preferred stock, $0.0001 par values - 50,000,000 shares authorized; 67 shares issued; Series A - 7 shares issued and outstanding at June 30, 2016 and December 31, 2015; Series B - 60 shares issued and outstanding at June 30, 2016 and December 31, 2015
Common stock, $0.0001 par value - 1,950,000,000 shares authorized; 1,708,707,570 and 1,332,102,348 shares issued and outstanding at June 30, 2016 and December 31, 2015	170,871	133,210
Additional paid-in capital	10,525,906	10,040,526
Accumulated deficit	(11,832,948)	(11,325,952)
Total stockholders' deficit	(1,136,171)	(1,152,216)
Total liabilities and stockholders' deficit	113,575	97,246
Series A
Stockholders' deficit:
Preferred stock, $0.0001 par values - 50,000,000 shares authorized; 67 shares issued; Series A - 7 shares issued and outstanding at June 30, 2016 and December 31, 2015; Series B - 60 shares issued and outstanding at June 30, 2016 and December 31, 2015
Series B
Stockholders' deficit:
Preferred stock, $0.0001 par values - 50,000,000 shares authorized; 67 shares issued; Series A - 7 shares issued and outstanding at June 30, 2016 and December 31, 2015; Series B - 60 shares issued and outstanding at June 30, 2016 and December 31, 2015

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Condensed Balance Sheets (Unaudited) (Parenthetical) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Discounts on convertible notes payable	$ 15,497	$ 17,295
Discounts on convertible notes payable	$ 11,027	$ 0
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	67	67
Preferred Stock, shares outstanding	67	67
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	1,950,000,000	1,950,000,000
Common stock, shares issued	1,708,707,570	1,332,102,348
Common Stock, shares outstanding	1,708,707,570	1,332,102,348
Series A
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares issued	7	7
Preferred Stock, shares outstanding	7	7
Series B
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares issued	60	60
Preferred Stock, shares outstanding	60	60

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Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Statement [Abstract]
Revenue
Expenses:
Consulting and contractor expenses	93,887	174,341	171,341	354,047
Professional fees	27,170	20,169	47,670	50,379
General and administrative expenses	20,416	40,171	29,426	105,803
Depreciation expense	8,496	8,496	16,992	16,992
Rent expense	6,612	14,164	16,060	28,102
Vessel expense	4,943	16,277	4,943	26,792
Travel and entertainment	1,286	23,081	17,287	36,333
Total operating expenses	162,810	296,699	303,719	618,448
Loss from operations	(162,810)	(296,699)	(303,719)	(618,448)
Other income (expense)
Interest income (expense), net	(142,388)	(51,693)	(203,459)	207,826
Total other income (expense)	(142,388)	(51,693)	(203,459)	207,826
Net loss	$ (305,198)	$ (348,392)	$ (507,178)	$ (410,622)
Net loss per share - basic and diluted
Weighted average common shares outstanding - basic and diluted	1,586,342,398	1,144,988,532	1,459,185,858	1,090,353,176

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Condensed Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Operating activities
Net loss	$ (507,178)	$ (410,622)
Adjustments to reconcile net income to net cash provided (used) by operating activities
Depreciation	16,992	16,992
Interest (income) expense on fair value adjustment	152,642	(309,490)
Amortization of debt discount and interest expense on beneficial conversion feature of convertible notes	30,771	61,789
Common stock issued for services and other fees	107,590	189,615
Decrease (increase) in:
Settlement receivable		17,500
Prepaid expenses	(38,418)	(16,036)
Increase (decrease) in:
Accounts payable and accrued expenses	72,724	63,364
Net cash provided (used) by operating activities	(164,877)	(386,888)
Cash flows from investing activities:
Proceeds from the issuance of common stock	63,520	306,169
Proceeds from the issuance of convertible notes payable	72,000	75,000
Proceeds from the issuance of convertible notes payable, related party	20,000
Advances from shareholder	5,760	9,420
Payments to shareholders	(1,500)	(9,000)
Net cash provided by financing activities	159,780	381,589
Net increase (decrease) in cash	(5,097)	(5,299)
Cash - beginning of period	5,097	12,424
Cash - end of period		7,125
Supplemental disclosure of cash flow information:
Cash paid for interest expense		6,000
Cash paid for income taxes
Noncash operating and financing activities:
Common stock issued to satisfy outstanding invoices		26,571
Convertible debt converted and accrued interest converted to common stock	$ 314,912	$ 416,035

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Description of Business

6 Months Ended

Jun. 30, 2016

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, and recovery of historic shipwrecks with the objective of exploring and discovering Colonial-era shipwrecks for future generations to be able to appreciate and understand.  

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Going Concern

6 Months Ended

Jun. 30, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Going Concern

NOTE 2 - GOING CONCERN

These financial statements have been prepared on a going concern basis, which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred net losses since inception, which raises substantial doubt about the Company’s ability to continue as a going concern. Based on its historical rate of expenditures, the Company expects to expend its available cash in less than one month from August 18, 2016. Management's plans include raising capital through the equity markets to fund operations and, eventually, the generation of revenue through its business. The Company does not expect to generate any revenues for the foreseeable future.

Failure to raise adequate capital and generate adequate revenues could result in the Company having to curtail or cease operations. The Company’s ability to raise additional capital through the future issuances of the common stock is unknown. Additionally, even if the Company does raise sufficient capital to support its operating expenses and generate adequate revenues, there can be no assurances that the revenue will be sufficient to enable it to develop to a level where it will generate profits and cash flows from operations. These matters raise substantial doubt about the Company's ability to continue as a going concern; however, the accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. These financial statements do not include any adjustments relating to the recovery of the recorded assets or the classifications of the liabilities that might be necessary should the Company be unable to continue as a going concern.

This summary of significant accounting policies of the Company is presented to assist in understanding the Company’s financial statements.  The financial statements and notes are representations of the Company’s management, who are responsible for their integrity and objectivity.  These accounting policies conform to accounting principles generally accepted in the United States of America, and have been consistently applied in the preparation of the financial statements.

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Significant Accounting Policies

6 Months Ended

Jun. 30, 2016

Accounting Policies [Abstract]

Significant Accounting Policies

NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

This summary of significant accounting policies of Seafarer Exploration Corp. is presented to assist in understanding the Company’s condensed financial statements.  The condensed financial statements and notes are representations of the Company’s management, who are responsible for their integrity and objectivity.  These accounting policies conform to accounting principles generally accepted in the United States of America, and have been consistently applied in the preparation of the condensed financial statements.

Accounting Method

The Company’s condensed financial statements are prepared using the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America.

Cash and Cash Equivalents

For purposes of the statement of cash flows, the Company considers all highly liquid investments and short-term debt instruments with original maturities of three months or less to be cash equivalents.

Revenue Recognition

The Company recognizes revenue on arrangements in accordance with Securities and Exchange Commission Staff Accounting Bulletin No. 101, “Revenue Recognition in Financial Statements” and No. 104, “Revenue Recognition”. In all cases, revenue is recognized only when the price is fixed or determinable, persuasive evidence of an arrangement exists, the service is performed and collectability is reasonably assured. For the periods ended June 30, 2016 and 2015, the Company did not report any revenues.

Earnings Per Share

The Company has adopted the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) 260-10 which provides for calculation of "basic" and "diluted" earnings per share.  Basic earnings per share includes no dilution and is computed by dividing net income or loss available to common stockholders by the weighted average common shares outstanding for the period.  Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of an entity.  Basic and diluted losses per share were the same at the reporting dates as there were no common stock equivalents outstanding at June 30, 2016 and 2015.

Fair Value of Financial Instruments

Effective January 1, 2008, fair value measurements are determined by the Company's adoption of authoritative guidance issued by the FASB, with the exception of the application of the statement to non-recurring, non-financial assets and liabilities, as permitted. Fair value is defined in the authoritative guidance as the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. A fair value hierarchy was established, which prioritizes the inputs used in measuring fair value into three broad levels as follows:

Level 1 – Valuation based on unadjusted quoted market prices in active markets for identical assets or liabilities.

Level 2 – Valuation based on, observable inputs (other than level one prices), quoted market prices for similar assets such as at the measurement date; quoted prices in the market that are not active; or other inputs that are observable, either directly or indirectly.

Level 3 – Valuation based on unobservable inputs that are supported by little or no market activity, therefore requiring management’s best estimate of what market participants would use as fair value.

In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability. The valuation of the Company’s notes recorded at fair value is determined using Level 3 inputs, which consider (i) time value, (ii) current market and (iii) contractual prices.

The carrying amounts of financial assets and liabilities, such as cash and cash equivalents, receivables, accounts payable, notes payable and other payables, approximate their fair values because of the short maturity of these instruments.

The following table represents the Company’s assets and liabilities by level measured at fair value on a recurring basis at December 31, 2015:

Description	Level 1		Level 2		Level 3
Notes payable at fair value	$	—	$	—	$	311,076

The following table represents the Company’s assets and liabilities by level measured at fair value on a recurring basis at June 30, 2016:

Description	Level 1		Level 2		Level 3
Notes payable at fair value	$	—	$	—	$	186,605

The following assets and liabilities are measured on the balance sheets at fair value on a recurring basis utilizing significant unobservable inputs or Level 3 assumptions in their valuation. The following tables provide a reconciliation of the beginning and ending balances of the liabilities: 

The change in the notes payable at fair value for the six month period ended June 30, 2016 is as follows:

					New
	Fair Value		Change in fair		Convertible					Fair Value
	January 1, 2016		Value		Notes		Conversions			June 30, 2016
Notes payable at fair value	$	311,074	$	91,782	$	33,000	$	(249,251	)	$	186,605

The change in the notes payable at fair value for the three months ended June 30, 2016 are as follows:

	Fair Value		Change in fair		Convertible					Fair Value
	March 31, 2016		Value		Notes		Conversions			June 30, 2016
Notes payable at fair value	$	286,233	$	62,051	$	0	$	(161,679	)	$	186,605

All gains and losses on assets and liabilities measured at fair value on a recurring basis and classified as Level 3 within the fair value hierarchy are recognized in interest income or expense in the accompanying financial statements.

The significant unobservable inputs used in the fair value measurement of the liabilities described above present value of the future interest payments. 

Property and Equipment and Depreciation

Fixed assets are recorded at historical cost. Depreciation is computed on the straight-line method over the estimated useful lives of the respective assets. Property and equipment, net consist of the following at June 30, 2016 and December 31, 2015:

	June 30, 2016			December 31, 2015
Diving vessel	$	326,005		$	326,005
Generator		7,420			7,420
Less accumulated depreciation		(287,141	)		(270,149	)
	$	46,284		$	63,276

Depreciation expense for the six month periods ended June 30, 2016 and 2015 amounted to $16,992.

Impairment of Long-Lived Assets

In accordance with ASC 360-10, the Company, on a regular basis, reviews the carrying amount of long-lived assets for the existence of facts or circumstances, both internally and externally, that suggest impairment. The Company determines if the carrying amount of a long-lived asset is impaired based on anticipated undiscounted cash flows, before interest, from the use of the asset. In the event of impairment, a loss is recognized based on the amount by which the carrying amount exceeds the fair value of the asset. Fair value is determined based on appraised value of the assets or the anticipated cash flows from the use of the asset, discounted at a rate commensurate with the risk involved. There were no impairment charges recorded during the periods ended June 30, 2016 and 2015.

Employee Stock Based Compensation

The FASB issued SFAS No.123 (revised 2004), Share-Based Payment , which was superseded by ASC 718-10. ASC 718-10 provides investors and other users of financial statements with more complete and neutral financial information, by requiring that the compensation cost relating to share-based payment transactions be recognized in financial statements. That cost will be measured based on the fair value of the equity or liability instruments issued. SFAS 123(R) covers a wide range of share-based compensation arrangements, including share options, restricted share plans, performance-based awards, share appreciation rights and employee share purchase plans. As of June 30, 2016, the Company has not implemented an employee stock based compensation plan.

Non-Employee Stock Based Compensation

The Company accounts for stock based compensation awards issued to non-employees for services, as prescribed by ASC 718-10, at either the fair value of the services rendered or the instruments issued in exchange for such services, whichever is more readily determinable, using the measurement date guidelines enumerated in EITF 96-18,  Accounting for Equity Instruments That Are Issued to Other Than Employees for Acquiring, or in Conjunction with Selling, Goods or Services , which was superseded by ASC 505-50.  The Company has previously issued, compensatory shares for various services including, but not limited to, executive, board of directors, business consulting, corporate advisory, accounting, research, archeological, operations, strategic planning, corporate communications, financial, legal and administrative consulting services. As determined by Management the Company may issue compensatory shares in the future for these or other services.  

Use of Estimates

The process of preparing condensed financial statements in conformity with accounting principles generally accepted in the United States of America requires the use of estimates and assumptions regarding certain types of assets, liabilities, revenues, and expenses.  Such estimates primarily relate to unsettled transactions and events as of the date of the condensed financial statements.  Accordingly, upon settlement, actual results may differ from estimated amounts.

Convertible Notes Payable

The Company accounts for conversion options embedded in convertible notes in accordance with ASC 815. ASC 815 generally requires companies to bifurcate conversion options embedded in convertible notes from their host instruments and to account for them as free standing derivative financial instruments. ASC 815 provides for an exception to this rule when convertible notes, as host instruments, are deemed to be conventional, as defined by ASC 815-40.

The Company accounts for convertible notes deemed conventional and conversion options embedded in non-conventional convertible notes which qualify as equity under ASC 815, in accordance with the provisions of ASC 470-20, which provides guidance on accounting for convertible securities with beneficial conversion features. Accordingly, the Company records, as a discount to convertible notes, the intrinsic value of such conversion options based upon the differences between the fair value of the underlying common stock at the commitment date of the note transaction and the effective conversion price embedded in the note. Debt discounts under these arrangements are amortized over the term of the related debt.  

The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period.  Derivative instrument liabilities are classified in the balance sheet as current or non-current based on whether or not net-cash settlement of the derivative instrument could be required within 12 months of the balance sheet date. 

Convertible Notes Payable at Fair Value

The   Company   elected   to   account   for   this   hybrid   contract   under   the   guidance   of   ASC   815-15-25-4.  This guidance allows an entity that initially recognizes a hybrid financial instrument that under paragraph   ASC 815-15-25-1 would be required to be separated into a host contract and a derivative instrument may irrevocably elect to initially and subsequently measure that hybrid financial instrument in its entirety at fair value (with changes in fair value recognized in earnings).

The fair value election is also available when a previously recognized financial instrument subject to a re-measurement event and the separate recognition of an embedded derivative. The fair value election may be made instrument by instrument. For purposes of this paragraph, a re-measurement event (new basis event) is an event identified in generally accepted accounting principles, other than the recognition of an other-than-temporary impairment, that requires a financial instrument to be re-measured to its fair value at the time of the event but does not require that instrument to be reported at fair value on a continuous basis with the change in fair value recognized in earnings. Examples of re-measurement events are business combinations and significant modifications of debt as defined in Subtopic 470-50.

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Loss Per Share

6 Months Ended

Jun. 30, 2016

Notes to Financial Statements

Loss Per Share

NOTE 4 - LOSS PER SHARE

Components of loss per share for the three and six months ended June 30, 2016 and 2016 are as follows:

	For the Three Months Ended June 30, 2016			For the Three Months Ended June 30, 2015
Net loss attributable to common stockholders	$	(305,198	)	$	(348,392	)
Weighted average shares outstanding:
Basic and diluted		1,586,342,398			1,144,988,532
Loss per share:
Basic and diluted	$	(0.00	)	$	(0.00	)

Components of loss per share for the six months ended June 30, 2016 and 2015 are as follows:

	For the Six Months Ended June 30, 2016			For the Six Months  Ended June 30, 2015
Net loss attributable to common stockholders	$	(507,178	)	$	(410,622	)
Weighted average shares outstanding:
Basic and diluted		1,459,185,858			1,090,353,176
Loss per share:
Basic and diluted	$	(0.00	)	$	(0.00	)

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Capital Stock

6 Months Ended

Jun. 30, 2016

Accounting Policies [Abstract]

CAPITAL STOCK

NOTE 5 – CAPITAL STOCK

At June 30, 2016 the Company was authorized to issue 1,950,000,000 shares of $0.0001 par value common stock.

Preferred Stock

The Company is authorized to sell or issue 50,000,000 shares of preferred stock.

Series A Preferred Stock

At June 30, 2016, the Company had seven shares of Series A preferred stock issued and outstanding. Each share of Series A preferred stock has the right to convert into 214,289 shares of the Company’s common stock.  As of June 30, 2016 and 2015, no shares of preferred stock had been converted into shares of the Company’s common stock.

Series B Preferred Stock

On February 10, 2014, the Board of Directors of the Company under the authority granted under Article V of the Articles of Incorporation, defined and created a new preferred series of shares from the 50,000,000 authorized preferred shares. Pursuant to Article V, the Board of Directors has the power to designate such shares and all powers and matters concerning such shares. Such share class shall be designated Preferred Class B. The preferred class was created for 60 Preferred Class B shares. Such shares each have a voting power equal to one percent of the outstanding shares issued (totaling 60%) at the time of any vote action as necessary for share votes under Florida law, with or without a shareholder meeting.  Such shares are non-convertible to common stock of the Company and are not considered as convertible under any accounting measure. Such shares shall only be held by the Board of Directors as a Corporate body, and shall not be placed into any individual name. Such shares were considered issued at the time of this resolution’s adoption, and do not require a stock certificate to exist, unless selected to do so by the Board for representational purposes only.  Such shares are considered for voting as a whole amount, and shall be voted for any matter by a majority vote of the Board of Directors. Such shares shall not be divisible among the Board members, and shall be voted as a whole either for or against such a vote upon the vote of the majority of the Board of Directors. In the event that there is any vote taken which results in a tie of a vote of the Board of Directors, the vote of the Chairman of the Board shall control the voting of such shares. Such shares are not transferable except in the case of a change of control of the Corporation when such shares shall continue to be held by the Board of Directors. Such shares have the authority to vote for all matters that require a share vote under Florida law and the Articles of Incorporation.

Warrants and Options

During the three month period ended June 30, 2016, the Company issued the following warrants:

Term		Amount		Exercise Price
	April 14, 2016 to April 14, 2018		10,000,000	$	0.0020
	May 2, 2016 to November 2, 2017		3,000,000	$	0.0020
	May 6, 2016 to November 6, 2017		4,000,000	$	0.0020
	May 6, 2016 to November 6, 2017		3,000,000	$	0.0020
	May 10, 2016 to November 10, 2017		2,500,000	$	0.0020
	May 10, 2016 to November 10, 2017		2,500,000	$	0.0020
	May 20, 2016 to November 20, 2017		10,000,000	$	0.0020
			35,000,000

As of June 30, 2016, the Company had a total of 70,350,000 warrants outstanding with exercise prices ranging from $0.002 to $0.01 per share.

Unissued Shares

As of June 30, 2016, the Company had not issued 3,000,000 shares to an investor that were subscribed for under subscription agreements and 15,000,000 shares owed to various consultants due to an administrative time lag. All of the shares were issued subsequent to June 30, 2016.

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Income Taxes

6 Months Ended

Jun. 30, 2016

Income Tax Disclosure [Abstract]

INCOME TAXES

NOTE 6 - INCOME TAXES

The items accounting for the difference between income taxes computed at the federal statutory rate and the provision for income taxes are as follows:

	For the Six Months Ended June 30, 2016			For the Six Months Ended June 30, 2015
Income tax at federal statutory rate		(34.00	)%		(34.00	)%
State tax, net of federal effect		(3.96	)%		(3.96	)%
		37.96	%		37.96	%
Valuation allowance		(37.96	)%		(37.96	)%
Effective rate		0.00	%		0.00	%

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes.

As of June 30, 2016 and December 31, 2015, the Company’s only significant deferred income tax asset was an estimated net tax operating loss of $11,856,462 and $11,326,000 respectively that is available to offset future taxable income, if any, in future periods, subject to expiration and other limitations imposed by the Internal Revenue Service.  Management has considered the Company's operating losses incurred to date and believes that a full valuation allowance against the deferred tax assets is required as of June 30, 2016 and December 31, 2015. The Company is preparing information for tax returns for past years. Due to the Company’s lack of revenue since inception, management does not believe that there is any income tax liability for past years. Management has evaluated tax positions in accordance with ASC 740 and has not identified any tax positions, other than those discussed above, that require disclosure.

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Lease Obligation

6 Months Ended

Jun. 30, 2016

Accounting Policies [Abstract]

LEASE OBLIGATION

NOTE 7 - LEASE OBLIGATION

Corporate Office

The Company leases 823 square feet of office space located at 14497 North Dale Mabry Highway, Suite 209-N, Tampa, Florida 33618. The Company entered into an amended lease agreement commencing on July 1, 2015 through June 30, 2017. Under the amended lease agreement the base monthly rent is $1,215 from July 1, 2015 through June 30, 2016 and $1,251 from July 1, 2016 to June 30, 2017.  There may be additional monthly charges for pro-rated maintenance, late fees, etc.

Operations House

The Company has an operating lease for a house located in Palm Bay, Florida. The Company uses the house to store equipment and gear and to provide temporary work-related living quarters for its divers, personnel, consultants and independent contractors involved in its exploration and recovery operations. The term of the lease agreement commenced on October 1, 2015 and expires on October 31, 2016.  The Company pays $1,300 per month to lease the operations house.

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Convertible Notes Payable and Notes Payable

6 Months Ended

Jun. 30, 2016

Debt Disclosure [Abstract]

CONVERTIBLE NOTES PAYABLE AND NOTES PAYABLE

NOTE 8 - CONVERTIBLE NOTES PAYABLE AND NOTES PAYABLE

The Company evaluates each financial instrument to determine whether it meets the definition of “conventional convertible” debt under ASC 815-40.  The note payable conversion feature of the outstanding convertible debt met the definition of conventional convertible for purposes of applying the conventional convertible exemption. The definition of conventional contemplates a limitation on the number of shares issuable under the arrangement. Since the convertible notes achieved the conventional convertible exemption, the Company was required to consider whether the hybrid contracts embody a beneficial conversion feature. The calculation of the effective conversion amount did result in a beneficial conversion feature. 

Convertible Notes Payable

The following table reflects the convertible notes payable, other than five notes that have been remeasured to fair value which are discussed later in Note 8, as of June 30, 2016:

Issue	Maturity		June 30,			Interest			Conversion
Date	Date		2016			Rate			Rate
Convertible notes payable:
April 4, 2016		November 4, 2016	$	10,000			6.00	%		0.001
May 27, 2016		August 27, 2016		15,000			0.00	%		0.005
Unamortized discounts				(15,497	)
Balance			$	9,503
Convertible notes payable – related parties
January 12, 2016		July 12, 2016	$	5,000			6.00	%		0.00200
May 10, 2016		November 10, 2016		5,000			6.00	%		0.00050
May 10,2016		November 10,2016		5,000			6.00	%		0.00050
May 20, 2016		November 20,2016		5,000			6.00	%		0.00050
Unamortized discount				(11,027	)
			$	8,973			6.00	%		0.00200
Convertible notes payable, in default
October 31, 2012		April 30, 2013	$	8,000			6.00	%		0.0040
November 20, 2012		May 20, 2013		50,000			6.00	%		0.0050
January 19, 2013		July 30, 2013		5,000			6.00	%		0.0040
February 11, 2013		August 11, 2013		9,000			6.00	%		0.0060
September 25, 2013		March 25, 2014		10,000			6.00	%		0.0125
August 28, 2009		November 1, 2009		4,300			10.00	%		0.0150
April 7, 2010		November 7, 2010		70,000			6.00	%		0.0080
November 12, 2010		November 7, 2011		40,000			6.00	%		0.0050
October 4, 2013		April 4, 2014		50,000			6.00	%		0.0125
October 30, 2013		October 30, 2014		50,000			6.00	%		0.0125
May 15, 2014		November 15, 2014		40,000			6.00	%		0.0070
October 13, 2014		April 13, 2015		25,000			6.00	%		0.0050
June 29, 2015		December 29, 2015		25,000			6.00	%		0.0050
September 18, 2015		March 18, 2016		25,000			6.00	%		0.0020
April 20,2015		April 20, 2016		38,000			6.00	%		0.0032
Balance			$	449,300

Convertible notes payable - related party, in default
January 19, 2013	July 30, 2013	$	15,000	6.00	%	0.0040
January 9, 2009	January 9, 2010		10,000	10.00	%	0.0150
January 25, 2010	January 25, 2011		6,000	6.00	%	0.0050
January 18, 2012	July 18, 2012		50,000	8.00	%	0.0040
July 26, 2013	January 26, 2014		10,000	6.00	%	0.0100
January 17, 2014	July 17, 2014		31,500	6.00	%	0.0060
May 27, 2014	November 27, 2014		7,000	6.00	%	0.0070
July 21, 2014	January 25, 2015		17,000	6.00	%	0.0080
October 16, 2014	April 16, 2015		21,000	6.00	%	0.0045
July 14, 2015	January 14, 2016		9,000	6.00	%	0.0030
Balance		$	176,500

Notes Payable

The following table reflects the notes payable as of June 30, 2016:

Issue Date	Maturity Date	2016		Interest Rate
Notes payable, in default –related parties:
February 24, 2010	February 24, 2011	$	7,500		6.00	%
October 6, 2015	November 11, 2015		10,000		6.00	%
		$	17,500

Notes payable, in default:
June 23, 2011	August 23, 2011		25,000	6.00	%
April 27, 2011	April 27, 2012		5,000	6.00	%
March 05, 2016	June 16, 2016		17,000	6.00	%
		$	47,000

At June 30, 2016 and December 31, 2015, combined accrued interest on the convertible notes payable, notes payable and stockholder loans was $145,324 and $135,581 respectively, and is included in accounts payable and accrued liabilities on the accompanying balance sheets.

Convertible Notes Payable and Notes Payable, in Default

The Company does not have additional sources of debt financing to refinance its convertible notes payable and notes payable that are currently in default. If the Company is unable to obtain additional capital, such lenders may file suit, including suit to foreclose on the assets held as collateral for the obligations arising under the secured notes. If any of the lenders file suit to foreclose on the assets held as collateral, then the Company may be forced to significantly scale back or cease its operations which would more than likely result in a complete loss of all capital that has been invested in or borrowed by the Company. The fact that the Company is in default of several promissory notes held by various lenders makes investing in the Company or providing any loans to the Company extremely risky with a very high potential for a complete loss of capital.

The convertible notes that have been issued by the Company are convertible at the lender’s option. These convertible notes represent significant potential dilution to the Company’s current shareholders as the convertible price of these notes is generally lower than the current market price of the Company’s shares. As such when these notes are converted into shares of the Company’s common stock there is typically a highly dilutive effect on current shareholders and very possible that such dilution may significantly negatively affect the trading price of the Company’s common stock.

Shareholder Loans

At June 30, 2016 the Company had 3 loans outstanding to a related party shareholder in the total amount of $3,180. All three loans have an interest rate of 0% and there are no specific terms of repayment. The Company also had three loans outstanding to its CEO totaling $33,783. A loan in the amount of $29,683 with a 6% annual rate of interest, a loan in the amount of $100 at 0% interest, and a loan in the amount of $4,000 at 6% rate of interest and an option to convert the loan into restricted shares of the Company’s common stock at $0.002. 

Convertible Notes Payable at Fair Value

Convertible Note Payable Dated August 28, 2015 at Fair Value

On August 28, 2015 the Company entered into a convertible note payable with a corporation.  The note payable, with a face value of $44,000, including a $4,000 of original issue discount, bears interest at 12.0% per annum and is due on August 28, 2016. The convertible note payable is convertible, at the holder’s option, into the Company’s common shares at the Variable Conversion Price. The Variable Conversion Price is defined as 62% multiplied by the lowest closing bid price for the Company’s common stock during the twenty (20) trading day period including the day the notice of conversion is received by the Company. If the Company’s market capitalization is less than $1,000,000 on the day immediately prior to the date of the notice of conversion, then the conversion price shall be 25% multiplied by the lowest closing price as of the date notice of conversion is given and if the closing price of the Company’s common stock on the day immediately prior to the date of the notice of conversion is less than $0.00075 then the conversion price shall be 25% multiplied by the lowest closing price as of the date a notice of conversion is given. The conversion feature is subject to full-ratchet, anti-dilution protection if the Company sells shares or share-indexed financing instruments at less than the conversion price.

In the evaluation of the financing arrangement, the Company concluded that the conversion feature did not meet the conditions set forth in current accounting standards for equity classification. Since equity classification is not available for the conversion feature, it requires bifurcation and liability classification, at fair value. The Company elected to account for this hybrid contract under the guidance of ASC 815-15-25-4.  

In connection with the issuance of the convertible note payable, the Company recognized day-one derivative loss totaling $76,210 related to the recognition of (i) the hybrid note and (ii) the derivative instrument arising from the fair value measurement due to the fair value of the hybrid note and embedded derivative exceeding the proceeds that the Company received from the arrangement. Therefore, the Company was required to record a $76,210 loss on the derivative financial instrument. In addition, the fair value will change in future periods, based upon changes in the Company’s common stock price and changes in other assumptions and market indicators used in the valuation techniques. These future changes will be currently recognized in interest expense or interest income on the Company’s statement of operations.

The conversion of the note into shares of the Company’s common stock is potentially highly dilutive to current shareholders. If the note holder elects to sell the shares that it has acquired as a result of converting the note into shares of common stock, then any such sales may result in a significant decrease in the market price of the Company’s shares.  

During the six month period ended June 30, 2016, the principle balance and accrued interest was converted into 54,561,311 shares of common stock.

Convertible Note Payable Dated September 3, 2015 at Fair Value

On September 3, 2015 the Company entered into a convertible note payable with a corporation.  The note payable in the amount of $38,500, including a $3,500 original issue discount, and bears interest at 12.0% per annum and is due on September 3, 2017. According to the terms of the note, the Company was eligible to utilize up to $200,000 of credit under the note, with potential proceeds received of $180,000, however at the time the Company elected to borrow only the $38,500.  Any additional amount borrowed under this note would require approval of both the Company and the lender. The convertible note payable is convertible, at the holder’s option, into the Company’s common shares at the Variable Conversion Price. The Variable Conversion Price is defined as 65% multiplied by the lowest trade price for the Company’s common stock in the twenty-five (25) trading day period previous to the conversion. The conversion feature is subject to full-ratchet, anti-dilution protection if the Company sells shares or share-indexed financing instruments at less than the conversion price.

In the evaluation of the financing arrangement, the Company concluded that the conversion feature did not meet the conditions set forth in current accounting standards for equity classification. Since equity classification is not available for the conversion feature, it requires bifurcation and liability classification, at fair value. The Company elected to account for this hybrid contract under the guidance of ASC 815-15-25-4.  

In connection with the issuance of the convertible note payable, the Company recognized day-one derivative loss totaling $42,308 related to the recognition of (i) the hybrid note and (ii) the derivative instrument arising from the fair value measurement due to the fair value of the hybrid note and embedded derivative exceeding the proceeds that the Company received from the arrangement. Therefore, the Company was required to record a $29,789 loss on the derivative financial instrument. In addition, the fair value will change in future periods, based upon changes in the Company’s common stock price and changes in other assumptions and market indicators used in the valuation techniques. These future changes will be currently recognized in interest expense or interest income on the Company’s statement of operations.

The conversion of the note into shares of the Company’s common stock is potentially highly dilutive to current shareholders. If the note holder elects to sell the shares that it has acquired as a result of converting the note into shares of common stock, then any such sales may result in a significant decrease in the market price of the Company’s shares.

During the six month period ended June 30, 2016, the principle balance and accrued interest was converted into 86,597,589 shares of common stock. 

Convertible Note Payable Dated September 8, 2015 at Fair Value

On September 8, 2015, the Company entered into a convertible note payable with a corporation.  The convertible note payable, with a face value of $27,000, bears interest at 8.0% per annum and is due on September 8, 2016. The note payable is convertible, at the holder’s option, into the Company’s common shares at the Variable Conversion Price. The Variable Conversion Price is defined as 65% multiplied by the lowest closing bid price   for the Company’s common stock during the fifteen (15) trading day period including the day the notice of conversion is received by the Company. The conversion feature is subject to full-ratchet, anti-dilution protection if the Company sells shares or share-indexed financing instruments at less than the conversion price.

In the evaluation of the financing arrangement, the Company concluded that the conversion feature did not meet the conditions set forth in current accounting standards for equity classification. Since equity classification is not available for the conversion feature, it requires bifurcation and liability classification, at fair value. The Company elected to account for this hybrid contract under the guidance of ASC 815-15-25-4.

In connection with the issuance of the convertible note payable, the Company recognized day-one derivative loss totaling $16,690 related to the recognition of (i) the hybrid note and (ii) the derivative instrument arising from the fair value measurement due to the fair value of the hybrid note and embedded derivative exceeding the proceeds that the Company received from the arrangement. Therefore, Company was required to record a $16,690 loss on the derivative financial instrument. In addition, the fair value will change in future periods, based upon changes in the Company’s common stock price and changes in other assumptions and market indicators used in the valuation techniques. These future changes will be currently recognized in interest expense or interest income on the Company’s statement of operations.

The conversion of the note into shares of the Company’s common stock is potentially highly dilutive to current shareholders. If the note holder elects to sell the shares that it has acquired as a result of converting the note into shares of common stock, then any such sales may result in a significant decrease in the market price of the Company’s shares.

During the six month period ended June 30, 2016, the principle balance and accrued interest was converted into 50,268,153 shares of common stock.

Convertible Note Payable Dated December 15, 2015 at Fair Value

On December 15, 2015 the Company entered into a convertible note payable with a corporation.  The note payable  in the amount of $27,500, including a $2,500 original issue discount, and bears interest at 12.0% per annum and is due on September 3, 2017. The convertible note payable is convertible, at the holder’s option, into the Company’s common shares at the Variable Conversion Price. The Variable Conversion Price is defined as 65% multiplied by the lowest trade price for the Company’s common stock in the twenty-five (25) trading day period previous to the conversion. The conversion feature is subject to full-ratchet, anti-dilution protection if the Company sells shares or share-indexed financing instruments at less than the conversion price.

In the evaluation of the financing arrangement, the Company concluded that the conversion feature did not meet the conditions set forth in current accounting standards for equity classification. Since equity classification is not available for the conversion feature, it requires bifurcation and liability classification, at fair value. The Company elected to account for this hybrid contract under the guidance of ASC 815-15-25-4.  

In connection with the issuance of the convertible note payable, the Company recognized day-one derivative loss totaling $29,789 related to the recognition of (i) the hybrid note and (ii) the derivative instrument arising from the fair value measurement due to the fair value of the hybrid note and embedded derivative exceeding the proceeds that the Company received from the arrangement. Therefore, the Company was required to record a $29,789 loss on the derivative financial instrument. In addition, the fair value will change in future periods, based upon changes in the Company’s common stock price and changes in other assumptions and market indicators used in the valuation techniques. These future changes will be currently recognized in interest expense or interest income on the Company’s statement of operations.

The conversion of the note into shares of the Company’s common stock is potentially highly dilutive to current shareholders. If the note holder elects to sell the shares that it has acquired as a result of converting the note into shares of common stock, then any such sales may result in a significant decrease in the market price of the Company’s shares.

At June 30, 2016, the $27,500 face value convertible note payable was recorded at its fair value of $53,163.

Convertible Note Payable Dated March 24, 2016 at Fair Value

On March 24, 2016 the Company entered into a convertible note payable with a corporation.  The note payable, with a face value of $33,000, including a $3,000 of original issue discount, bears interest at 12.0% per annum and is due on March 24, 2017. The convertible note payable is convertible, at the holder’s option, into the Company’s common shares at the Variable Conversion Price. The Variable Conversion Price is defined as 62% multiplied by the lowest closing bid price for the Company’s common stock during the twenty-five (25) trading day period including the day the notice of conversion is received by the Company. If the Company’s market capitalization is less than $1,000,000 on the day immediately prior to the date of the notice of conversion, then the conversion price shall be 25% multiplied by the lowest closing price as of the date notice of conversion is given and if the closing price of the Company’s common stock on the day immediately prior to the date of the notice of conversion is less than $0.0009 then the conversion price shall be 25% multiplied by the lowest closing price as of the date a notice of conversion is given. The conversion feature is subject to full-ratchet, anti-dilution protection if the Company sells shares or share-indexed financing instruments at less than the conversion price.

In the evaluation of the financing arrangement, the Company concluded that the conversion feature did not meet the conditions set forth in current accounting standards for equity classification. Since equity classification is not available for the conversion feature, it requires bifurcation and liability classification, at fair value. The Company elected to account for this hybrid contract under the guidance of ASC 815-15-25-4.  

In connection with the issuance of the convertible note payable, during the three month period ended March 31, 2016 the Company recognized day-one derivative loss totaling $32,210 related to the recognition of (i) the hybrid note and (ii) the derivative instrument arising from the fair value measurement due to the fair value of the hybrid note and embedded derivative exceeding the proceeds that the Company received from the arrangement. Therefore, during the three month period ended March 31, 2016 the Company was required to record a $102,882 loss on the derivative financial instrument and is included in interest expense. In addition, the fair value will change in future periods, based upon changes in the Company’s common stock price and changes in other assumptions and market indicators used in the valuation techniques. These future changes will be currently recognized in interest expense or interest income on the Company’s statement of operations.

The conversion of the note into shares of the Company’s common stock is potentially highly dilutive to current shareholders. If the note holder elects to sell the shares that it has acquired as a result of converting the note into shares of common stock, then any such sales may result in a significant decrease in the market price of the Company’s shares.  

At June 30, 2016, the $33,000 face value convertible note payable was recorded at its fair value of $135,809.

Additionally, the holders of these convertible notes at fair value have substantial rights and protections regarding dilution if certain events, including a default were to occur. There are a number of events that could trigger a default, including but not limited to failure to pay principal or interest, failure to issue shares under the conversion feature, breach of covenants, breach of representations and warranties, appointment of a receiver or trustee,  judgments, bankruptcy, delisting of common stock, failure to comply with the exchange act, liquidation, cessation of operations, failure to maintain assets, material financial statement restatement, reverse split of borrowers stock, etc. In the event of default the interest rates for each of the notes at fair value may increase to rates of 24% per annum or greater.

Furthermore, there are additional events that could cause the lenders to be owed additional shares of common stock above and beyond the shares due from a conversion. Some of these events include, but are not limited to a merger or consolidation of the Company, dividend distribution or spin off, dilutive issuances of the Company’s stock, etc. If the lenders receives additional shares of the Company’s common stock due to any of the foregoing events or for other reasons, then this may have an additional extremely dilutive effect on the shareholders of the Company. Such additional dilution may result in a substantial decrease in the price per share of the Company’s common stock. The potential highly dilutive nature of these notes presents a very high degree of risk to the Company and its shareholders.

The following tables summarize the effects on June 30, 2016:

Face value of the convertible notes payable	$	60,500
Interest expense to record the convertible notes at fair value on the date of issuance		118,690
Interest income to mark to market the convertible notes on June 30, 2016		(7,415	)
June 30, 2016 fair value	$	186,605

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Material Agreements

6 Months Ended

Jun. 30, 2016

Commitments and Contingencies Disclosure [Abstract]

MATERIAL AGREEMENTS

NOTE 9 – MATERIAL AGREEMENTS

Agreement to Explore a Shipwreck Site Located off of Brevard County, Florida

On March 1, 2014, Seafarer entered into a partnership and ownership with Marine Archaeology Partners, LLC, with the formation of Seafarer’s Quest, LLC. Such LLC was formed in the State of Florida for the purpose of permitting, exploration and recovery of artifacts from a designated area on the east coast of Florida. Such site area is from a defined, contracted area by a separate entity, which a portion of such site is designated from a previous contracted holding through the State of Florida. Under such agreement, Seafarer is responsible for costs of permitting, exploration and recovery, and is entitled to 60% of such artifact recovery. Seafarer has a 50% ownership, with designated management of the LLC coming from Seafarer.

Exploration Permit with the Florida Division of Historical Resources for an Area off of Cape Canaveral, Florida

On July 28, 2014, the Company’s partnership with Marine Archeological Partners, LLC, Seafarer’s Quest, LLC received a 1A-31 Permit (the “Permit”) from the Florida Division of Historical Resources for an area identified off of Cape Canaveral, Florida. The Permit is active for three years from the date of issuance.

Certain Other Agreements

On January 7, 2016 the Company entered into a consulting agreement with an individual under which the individual agreed to provide corporate communications services and shareholder notification and awareness services. The term of the agreements is for twelve months and the Company agreed to pay the consultant 4,000,000 shares of its restricted common stock to perform the services.

In April of 2016, the Company entered into agreements with seven separate individuals to either join or rejoin the Company’s advisory council. Under the advisory council agreements all of the advisors agreed to provide various advisory services to the Company, including making recommendations for both the short term and the long term business strategies to be employed by the Company, monitoring and assessing the Company's business and to advise the Company’s Board of Directors with respect to an appropriate business strategy on an ongoing basis, commenting on proposed corporate decisions and identifying and evaluating alternative courses of action, making suggestions to strengthen the Company's operations, identifying and evaluating external threats and opportunities to the Company, evaluating and making ongoing recommendations to the Board with respect to the Company's business, and providing such other advisory or consulting services as may be appropriate from time to time. The term of each of the advisory council agreements is for one year. In consideration for the performance of the advisory services, the Company agreed to issue the advisors shares of the Company’s restricted common stock including 4,000,000 shares each to three of the advisors, 3,000,000 shares each to three of the advisors and 2,000,000 shares to one of the advisors, an aggregate total of 23,000,000 restricted shares. According to the agreements each of the advisors’ shares vest at a rate of 1/12 th of the amount per month over the term of the agreement.  If any of the advisors or the Company terminates the advisory council agreements prior to the expiration of the one year terms, then each of the advisors whose agreement has been terminated has agreed to return to the Company for cancellation any portion of their shares that have not vested. Under the advisory council agreements, the Company has agreed to reimburse the advisors for pre approved expenses.

In April of 2016, the Company entered into a consulting agreement with a limited liability company under which the consultant agreed to provide diving services, assist in maintaining Seafarer’s vessels and equipment, and provide operational and project management services for Seafarer’s exploration and recovery diving operations. The term of the consulting agreement is from April 1, 2016 to March 31, 2017 and at the end of the term the consulting agreement may be renegotiated. The consultant reports directly to the CEO of Seafarer. The Company agreed to pay $125 per day to the consultant plus an initial $25 per day for operational and site management services. The Company also agreed to pay $700 per month to the consultant for campground and electrical services while the consultant is on site providing services to the Company.. The Company also agreed to pay 4,000,008 shares of its restricted common stock to the consultant for the services. The shares vest at a rate of 333,334 shares per month over a twelve month period. If the Company or the consultant terminates the agreement prior to the end of the term of the agreement then any of the shares that have not yet vested will be cancelled. The Company, in its sole discretion, may pay the consultant additional compensation or bonuses.

In April of 2016, the Company paid 2,880,000 shares of its restricted common stock to an individual for providing past project management services related to the Company’s dive operations.

In April of 2016 the Company entered into a consulting agreement with a corporation under which the corporation agreed to provide various services including business development, mergers and acquisitions, business strategy and analysis of business opportunities in the historic shipwreck exploration business in Panama. The consultant will not negotiate on behalf of the Company or provide any market making or listing services. The term of the agreement is open ended and will continue until the completion of the consulting services. The Company agreed to pay the consultant a total of 2,000,000 shares of its restricted common stock.

In April of 2016 the Company entered into a consulting agreement with a corporation under which the corporation agreed to provide various services including business development, mergers and acquisitions and business. The consultant will not negotiate on behalf of the Company or provide any market making or listing services. The term of the agreement is open ended and will continue until the completion of the consulting services. The Company agreed to pay the consultant a total of 1,000,000 shares of its restricted common stock.

In May of 2016, the Company entered into an agreement with an individual to rejoin the Company’s advisory council. Under the advisory council agreement the advisor agreed to provide various advisory services to the Company, including making recommendations for both the short term and the long term business strategies to be employed by the Company, monitoring and assessing the Company's business and to advise the Company’s Board of Directors with respect to an appropriate business strategy on an ongoing basis, commenting on proposed corporate decisions and identifying and evaluating alternative courses of action, making suggestions to strengthen the Company's operations, identifying and evaluating external threats and opportunities to the Company, evaluating and making ongoing recommendations to the Board with respect to the Company's business, and providing such other advisory or consulting services as may be appropriate from time to time. The term of each of the advisory council agreement is for one year. In consideration for the performance of the advisory services, the Company agreed to issue the advisor 2,000,000 shares of the Company’s restricted common. According to the agreements the advisor’s shares vest at a rate of 1/12 th of the amount per month over the term of the agreement.  If the advisor or the Company terminates the advisory council agreement prior to the expiration of the one year term, the advisor has agreed to return to the Company for cancellation any portion of the shares that have not vested. Under the advisory council agreement, the Company has agreed to reimburse the advisor for pre approved expenses.

In May of 2016, the Company extended the term of a previous agreement with an individual who is related to the Company’s CEO to continue serving as a member of the Company’s Board of Directors. Under the  agreement, the Director agreed to provide various services to the Company including making recommendations for both the short term and the long term business strategies to be employed by the Company, monitoring and assessing the Company's business and to advise the Company’s Board of Directors with respect to an appropriate business strategy on an ongoing basis, commenting on proposed corporate decisions and identifying and evaluating alternative courses of action, making suggestions to strengthen the Company's operations, identifying and evaluating external threats and opportunities to the Company, evaluating and making ongoing recommendations to the Board with respect for one year and may be terminated by either the Company or the Director by providing written notice to the other party. The agreement also terminates automatically upon the death, resignation or removal of the Director.  Under the terms of the agreement, the Company agreed to pay the Director 20,000,000 restricted shares of its common stock and to negotiate future compensation on a year-by-year basis. The Company also agreed to reimburse the Director for pre-approved expenses.

In May of 2016, the Company extended the term of a previous agreement with an individual who is related to the Company’s CEO to continue serving as a member of the Company’s Board of Directors. Under the  agreement, the Director agreed to provide various services to the Company including making recommendations for both the short term and the long term business strategies to be employed by the Company, monitoring and assessing the Company's business and to advise the Company’s Board of Directors with respect to an appropriate business strategy on an ongoing basis, commenting on proposed corporate decisions and identifying and evaluating alternative courses of action, making suggestions to strengthen the Company's operations, identifying and evaluating external threats and opportunities to the Company, evaluating and making ongoing recommendations to the Board with respect for one year and may be terminated by either the Company or the Director by providing written notice to the other party. The agreement also terminates automatically upon the death, resignation or removal of the Director.  Under the terms of the agreement, the Company agreed to pay the Director 20,000,000 restricted shares of its common stock and to negotiate future compensation on a year-by-year basis. The Company also agreed to reimburse the Director for pre-approved expenses.

In May of 2016, the Company paid a consultant 5,000,000 shares of its restricted common stock for providing various project management services related to the Company’s shipwreck exploration and recovery services. The Company believes that the consultant has provided services at below market rates of compensation and the shares were paid both to more fairly compensate the consultant and as a bonus and inducement for the consultant to continue to provide services to the Company.

In June of 2016, the Company entered into a consulting agreement with two individuals under which the individuals agreed to provide various consulting services including website development to include a storefront, and business strategy relating to business development for the Company’s digital storefront and Internet merchandising site. The term of the agreement is open ended and will continue until the completion of the services. The Company agreed to pay each consultant 2,000,000 shares of its restricted common stock, a total of 4,000,000 shares of its restricted common stock.

In June of 2016, the Company entered into a consulting agreement with an individual who is related to the Company’s CEO under which the individual agreed to provide various consulting services including business development, photography, custom logo design and development, developing corporate identity materials such as business cards, editing, art illustrations, and working with the Company and other consultants to develop its future digital storefront and Internet merchandise site. The term of the agreement is open ended and will continue until the completion of the services. The Company agreed to pay the consultant a total of 5,000,000 shares of its restricted common stock.

The Company has an ongoing verbal agreement with a limited liability company that is controlled by a person who is related to the Company’s CEO to pay the related party consultant $3,000 per month to provide general business consulting and assessing the Company's business and to advise management with respect to an appropriate business strategy on an ongoing basis, commenting on proposed corporate decisions, perform background research including background checks and provide investigative information on individuals and companies and to occasional assist 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.

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. At June 30, 2016, the Company owed the related party limited liability company $30,278 for transfer agency services rendered and for the reimbursement of legal fees. All fees paid to the related party consultant during the period ended June 30, 2016 and 2015 are included as an expense in consulting and contractor expenses in the accompanying statements of operations.

The Company has an ongoing agreement to pay a limited liability company a monthly fee of $3,500 in cash or $5,000 per month in restricted stock for archeological services and the review of historic shipwreck research consulting services.

The Company has an ongoing agreement to pay an individual a monthly fee of $3,500 per month for archeological consulting services.

The Company has an ongoing consulting agreement to pay a limited liability company a minimum of $5,000 per month for providing ongoing business advisory, strategic planning and consulting services, assistance with financial reporting, IT management, and administrative services. The Company also agreed to reimburse the consultant for expenses. The agreement is verbal and may be terminated by the Company or the consultant at any time.

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Legal Proceedings

6 Months Ended

Jun. 30, 2016

Commitments and Contingencies Disclosure [Abstract]

LEGAL PROCEEDINGS

NOTE 10 – LEGAL PROCEEDINGS

Since December 11, 2009, the Company, has been involved in a lawsuit where it was named as a Defendant, along with its CEO and transfer agent in Case Number 09-CA-030763, filed in the Circuit Court of Hillsborough County, Florida. The lawsuit was brought in the name of 31 individuals and 1 corporation. The lawsuit alleges that the Company, its CEO, and its transfer agent wrongfully refused to remove the restrictive legend from certain shares of the Company’s common stock that are collectively owned by the plaintiffs, which prevented the plaintiffs from selling or transferring their shares of the Company’s common stock. The plaintiffs allege that they have lost approximately $1,041,000 as of the date of the lawsuit. Such lawsuit continued to a hearing of the Plaintiffs’ motion for summary judgment against the Defendants including Seafarer, which was heard on September 1, 2011 and denied by the Court. Litigation of the matter has continued and the Company has presented evidence and arguments of law that the shares were distributed from their original recipient, Micah Eldred, in an illegal sale to another corporate entity. The Company further contends in its pleadings that such shares were then illegally purchased back by Eldred, then distributed in a manner by Eldred to others including the 31 other Plaintiffs to avoid reporting requirements under the Securities Act and as Eldred had a duty to report as a principal of a brokerage. The actions by Eldred, as pled by the Corporation, is that on or about October 8, 2008, Eldred gifted most of the 34,700,000 shares to certain friends, family, and employees (i.e., the Plaintiffs named in this Complaint), and kept ownership of 4,140,000 shares.

On September 11, 2013, the Parties attended a voluntary mediation, which ended in an impasse.

Some discovery had progressed to the point that Seafarer had, on September 25, 2013, filed a Motion to File Counterclaims and Third-Party Complaint (“Motion for Leave to File Counterclaim”) along with a proposed Counterclaim.  Such counterclaims were filed in December 2013.  Included in the counterclaim was an allegation of conspiracy between Eldred and Sean Murphy for the publication of false information which Seafarer sued Murphy for and received a judgment for libel against Murphy on April 1, 2011 for $5,080,000. Thus the counterclaim was filed against the Plaintiffs: Micah Eldred, Michael J. Daniels, Carl Dilley, Heather Dilley, James Eldred, Mary R. Eldred, Michole Eldred, Nathan Eldred, Toni A. Eldred, Diane J. Harrison, Ioulia Hess, Olessia  Kritskaia,  Anna Krokhina, George Lindner, Elizabeth Lizzano, Karen Lizzano, Robert Lizzano, Abby Lord, Jillian Mally, Ekaterina Messinger, Susan Miller, Michael Mona, Matthew J. Presy, Oksana Savchenko, Vanessa A. Verbosh, Alan Wolper, Sarah Wolper, and Christine Zitman. On April 23, 2014, the trial court ruled on the Counter-Claim Defendants’ motion to dismiss and ordered the dismissal of the claims for section 517.301 violations, conspiracy and fraud. The court ruled that the Corporation did not have standing and was not in privity with the counter-claim defendants at the time of their alleged actions so the company could not maintain the action, unlike private shareholders who could have standing. Thus the Company attempted to protect the shareholders by such suit, but was ruled against as not having standing to do so.

On October 18, 2013, the Plaintiffs filed a Notice of Removal to Federal Court in the Tampa Division of the United States District Court, citing the allegation that such lawsuit should be moved to Federal Court based upon the Defendants proposed counterclaims of Federal law. The pleading for removal contained the allegation by the Plaintiffs that they had the consent of all the listed Plaintiffs to remove the matter to Federal Court. On November 4, 2013, Seafarer filed a Motion to Remand back to State Court in the Federal Court, citing legal argument and the undisputed facts that removal to Federal Court was improper as having no basis in law, and asking for attorney’s fees from the Plaintiffs for such removal. On November 7, 2013, Judge James Moody of the United States District Court entered an Order granting the Remand Motion of Seafarer, finding that “Plaintiffs removed the case based on their assumption that the counterclaim would establish federal jurisdiction. Plaintiffs’ removal is patently without merit.” Judge Moody further held “Plaintiffs’ removal had no basis under the law or facts. Simply put, the removal was not objectively reasonable.”   Accordingly, the Court Ordered the case sent back to State Court and that the Federal Court would award Defendants [Seafarer] a reasonable amount of attorney’s fees and costs.” Seafarer collected such attorney’s fees through counsel. Such case was remanded to the Circuit Court in Hillsborough County, where Seafarer had the motion to file the Counterclaims and Third Party Claims heard and an Order Granting the filing and service of such claims was made by Circuit Judge Paul Huey on December 13, 2013. Seafarer filed such complaint and served such Counterclaim Defendants and Third Party Defendants during the months of December 2013 and January 2014. Such complaint included claims by Seafarer for damages including punitive damages against the Plaintiffs for their actions, which is alleged to have materially damaged the Corporation and its shareholders. Such litigation continues and the Company will continue to fight the release of such shares for sale. It is the position of Seafarer that due to the actions involved with such shares, they are tainted and should be ordered to be cancelled. Seafarer intends to continuously pursue this defense.

In early October 2013, counsel for Seafarer was contacted by counsel representing the listed Plaintiff, CADEF: The Childhood Autism Foundation (CADEF), as to their being named in the lawsuit as Plaintiffs in the State Court action and the litigation being done in their name. Pursuant to those discussions, on November 5, 2013, Seafarer, Kyle Kennedy (individually), Cleartrust LLC and CADEF entered into a Settlement Agreement and Release from Litigation. CADEF agreed to surrender all rights to the 1,000,000 shares in its name, as well as causing dismissal of any such claims against the Seafarer, Kennedy and Cleartrust that had been brought in their name in the lawsuit. Specifically, CADEF agreed: “CADEF agrees that the following matters of fact exist based upon the knowledge of its Board of Directors and Principals: A) The Board of Directors of CADEF had no knowledge of the share certificate ever being issued for its benefit or the existence of such share certificate until recently in the month of October 2013 when such shares were sent to them. B) The Board of Directors of CADEF never authorized the filing of the lawsuit cited above or to be a party to such. C) Because of the above in B) CADEF’s Board of Directors was never advised of any settlement offer being made by the Defendants nor of the mediation held on September 11, 2013. On approximately October 30, 2013 CADEF delivered such 1,000,000 shares to counsel for Seafarer. Such shares were cancelled subsequently.

During the fall of 2014, the Company through counsel, conducted a number of depositions in the matter, including Micah Eldred and other parties. As well the Company filed three motions against the Defendants. Included in these motions were a motion to dismiss for fraudulent conduct in the naming of a party as a plaintiff which had no knowledge of the lawsuit, and failure to related settlement offers to the Plaintiffs. The second motion was for sanctions for intentional destruction of documentary evidence related to such shares. As to the second motion, the Court entered an order granting the motion for sanctions, finding that the Defendants had intentionally destroyed evidence, but the Court abated determining the sanctions until a later date. The third motion was to dismiss for fraudulent conduct, wherein the Plaintiffs allege that the Defendant, Eldred had made illicit offers to elicit false testimony. Both of the motions for sanctions are currently pending before the Court. As well in the first week of January 2015, the Defendants filed two simultaneous motions for summary judgment for dismissal of all counts in the case. That motion for summary judgment is currently pending before the Court.

In the ongoing litigation in the above case against Micah Eldred and associated persons to protect the interests of the shareholders, the Corporation followed up on its counter-claims against Eldred by the filing of a notice of appeal of the dismissal of such claims, to the Second District Court of Appeal for Florida on May 17, 2014.   On May 29, 2014, the Company was served a secondary lawsuit in Hillsborough County. The lawsuit challenges the creation of the Preferred B Series of Shares and the increase in authorized shares. The lawsuit in the opinion of the Corporation and multiple counsel has no merit since the corporation’s articles of incorporation and Florida statutes allow for the creation of the preferred shares, and thus the increase in authorized shares. The Corporation is defending such lawsuit and seeking dismissal by motion and judgment through the motion for summary judgment.

On March 2, 2010, the Company filed a complaint naming, Sean Murphy as a Defendant who formerly provided services as a captain, diver, and general laborer to the Company as a defendant in the Circuit Court of Hillsborough County, Florida case number 10-CA-004674. The lawsuit contains numerous counts against the defendant, including civil theft, breach of contract, libel and negligence. On April 5, 2011, a six person jury in Hillsborough County, Florida found in favor of the Company and found that the Defendant was responsible for $5,080,000 in compensatory damages. In 2012, the Company attempted to schedule a trial for the punitive damages, but the Court cancelled the trial due to scheduling of priority cases. The Company is currently seeking final entry of not only the judgment, but will be exercising collection matters against the Defendant. The Company intends to pursue collection, no matter the ability of the Defendant to pay.

On June 18, 2013, Seafarer began litigation against Tulco Resources, LLC, in a lawsuit filed in the Circuit Court in and for Hillsborough County, Florida. Such suit was filed for against Tulco based upon  for breach of contract, equitable relief and injunctive relief. Tulco was the party holding the rights under a permit to a treasure cite at Juno Beach, Florida. Tulco and Seafarer had entered into contracts  in March 2008, and later renewed under an amended agreement on June 11, 2010. Such permit was committed to by Tulco to be an obligation and contractual duty to which they would be responsible for payment of all costs in order for the permit to be reissued. Such obligation is contained in the agreement of March 2008 which was renewed in the June 2010 agreement between Seafarer and Tulco. Tulco made the commitment to be responsible for payments of all necessary costs for the gaining of the new permit. Tulco never performed on such obligation, and Seafarer during the period of approximately March 2008 and April 2012 had endeavored and even had to commence a lawsuit to gain such permit which was awarded in April 2012. Seafarer alleges in their complaint the expenditure of large amounts of shares and monies for financing and for delays due to Tulco’s non-performance. Seafarer seeks monetary damages and injunctive relief for the award of all rights held by Tulco to Seafarer. As of March 24, 2014, Seafarer, through Counsel with the assistance of a licensed investigator, established there was no party or individual to be served from Tulco due to the death of the former Manager, and having no other legal person or entity to serve, has established that it will seek the entry of a default judgment, and final judgment for award of all rights to such site for contractual and other rights held by Tulco. Seafarer gained a default and final Judgment on such matter on July 23, 2014. Seafarer is now working with the State for the renewed permit to be in Seafarer’s name and rights only, with Tulco removed per the Order of the Court. On March 4, 2015, the Court awarded full rights to the Juno sight to Seafarer Exploration, erasing all rights of Tulco Resources. The company is Currently filing an Admiralty Claim over such sight as well in the United States District Court.

On September 3, 2014, the Company filed a lawsuit against Darrel Volentine, of California. Mr. Volentine was sued in two counts of libel per se under Florida law, as well as a count for injunction against the Defendant to exclude and prohibit internet postings. Such lawsuit was filed in the Circuit Court in Hillsborough County, Florida.  Such suit is based upon internet postings on www.investorshub.com . On or about October 15, 2014, the Company and Volentine entered into a stipulation whereby Volentine admitted to his tortious conduct, however the stipulated damages agreed to were rejected by the Court, and the Company is proceeding to trial on damages against Volentine in a non-jury trial on December 1, 2015. The Defendant is the subject of a contempt of court motion by the Company for continued internet postings and communications that violate his injunction imposed upon him, and the Company will be seeking further damages and an order of contempt against Mr. Volentine for a number of sanctions available.

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Related Party Transactions

6 Months Ended

Jun. 30, 2016

Notes to Financial Statements

RELATED PARTY TRANSACTIONS

NOTE 11 – RELATED PARTY TRANSACTIONS

During the six month period ended June 30, 2016:

In January of 2016, the Company entered into a convertible promissory note agreement in the amount of $5,000 with an individual who is related to the Company’s CEO. This loan pays interest at a rate of 6% per annum and the principle and accrued interest are due on or before July 12, 2016. The note is not secured and is convertible at the lender’s option into shares of the Company’s common stock at a rate of $0.002 per share.  

In January of 2016 a shareholder who is related to the Company’s CEO provided a loan in the amount of $260 to the Company. This loan pays 0% interest.

In February 2016, the Company’s CEO provided a loan to the Company in the amount of $4,000. This loan pays interest at a rate of 6% per annum and if the loan and accrued interest are not repaid within 90 days from February 10, 2016 then the lender is entitled to receive 500,000 shares of the Company’s restricted common stock. The note is not secured and is convertible at the lender’s option into shares of the Company’s common stock at a rate of $0.002 per share.  

In May of 2016, the Company’s CEO provided a loan to the Company in the amount of $1,200. This loan was repaid prior to June 30, 2016, no interest was paid.

In May of 2016, the Company extended the term of a previous agreement with an individual who is related to the Company’s CEO to continue serving as a member of the Company’s Board of Directors. Under the  agreement, the Director agreed to provide various services to the Company including making recommendations for both the short term and the long term business strategies to be employed by the Company, monitoring and assessing the Company's business and to advise the Company’s Board of Directors with respect to an appropriate business strategy on an ongoing basis, commenting on proposed corporate decisions and identifying and evaluating alternative courses of action, making suggestions to strengthen the Company's operations, identifying and evaluating external threats and opportunities to the Company, evaluating and making ongoing recommendations to the Board with respect for one year and may be terminated by either the Company or the Director by providing written notice to the other party. The agreement also terminates automatically upon the death, resignation or removal of the Director.  Under the terms of the agreement, the Company agreed to pay the Director 20,000,000 restricted shares of its common stock and to negotiate future compensation on a year-by-year basis. The Company also agreed to reimburse the Director for pre-approved expenses.

In May of 2016, the Company extended the term of a previous agreement with an individual who is related to the Company’s CEO to continue serving as a member of the Company’s Board of Directors. Under the  agreement, the Director agreed to provide various services to the Company including making recommendations for both the short term and the long term business strategies to be employed by the Company, monitoring and assessing the Company's business and to advise the Company’s Board of Directors with respect to an appropriate business strategy on an ongoing basis, commenting on proposed corporate decisions and identifying and evaluating alternative courses of action, making suggestions to strengthen the Company's operations, identifying and evaluating external threats and opportunities to the Company, evaluating and making ongoing recommendations to the Board with respect for one year and may be terminated by either the Company or the Director by providing written notice to the other party. The agreement also terminates automatically upon the death, resignation or removal of the Director.  Under the terms of the agreement, the Company agreed to pay the Director 20,000,000 restricted shares of its common stock and to negotiate future compensation on a year-by-year basis. The Company also agreed to reimburse the Director for pre-approved expenses.

In May of 2016, the Company entered into a convertible promissory note agreement in the amount of $5,000 with an individual who is related to the Company’s CEO. This loan pays interest at a rate of 6% per annum and the principle and accrued interest are due on or before November 10, 2016. The note is not secured and is convertible at the lender’s option into shares of the Company’s common stock at a rate of $0.005 per share.  The related party lender received 2,500,000 warrants to purchase shares of the Company’s common stock at a price of $0.002.

In May of 2016, the Company entered into a convertible promissory note agreement in the amount of $5,000 with an individual who is related to the Company’s CEO. This loan pays interest at a rate of 6% per annum and the principle and accrued interest are due on or before November 10, 2016. The note is not secured and is convertible at the lender’s option into shares of the Company’s common stock at a rate of $0.005 per share.  The related party lender received 2,500,000 warrants to purchase shares of the Company’s common stock at a price of $0.002.

In May of 2016, the Company entered into a convertible promissory note agreement in the amount of $5,000 with an individual who is related to the Company’s CEO. This loan pays interest at a rate of 6% per annum and the principle and accrued interest are due on or before November 20, 2016. The note is not secured and is convertible at the lender’s option into shares of the Company’s common stock at a rate of $0.005 per share.  The related party lender received 10,000,000 warrants to purchase shares of the Company’s common stock at a price of $0.002.

In June of, 2016, the Company entered into a consulting agreement with an individual who is related to the Company’s CEO under which the individual agreed to provide various consulting services including business development, photography, custom logo design and development, developing corporate identity materials such as business cards, editing, art illustrations, and working with the Company to develop its future digital storefront and Internet merchandise site. The term of the agreement is open ended and will continue until the completion of the services. The Company agreed to pay the consultant a total of 5,000,000 million shares of its restricted common stock.

The Company has an ongoing verbal agreement with a limited liability company that is controlled by a person who is related to the Company’s CEO to pay the related party consultant $3,000 per month to provide general business consulting and assessing the Company's business and to advise management with respect to an appropriate business strategy on an ongoing basis, commenting on proposed corporate decisions, perform background research including background checks and provide investigative information on individuals and companies and to occasional assist 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.

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. At June 30, 2016, the Company owed the related party limited liability company $30,278 for transfer agency services rendered and for the reimbursement of legal fees

At June 30, 2016 the following promissory notes and shareholder loans were outstanding to related parties:

A convertible note payable dated January 9, 2009 due to a person related to the Company’s CEO with a face amount of $10,000. This note bears interest at a rate of 10% per annum with interest payments to be paid monthly and is convertible at the note holder’s option into the Company’s common stock at $0.015 per share.  The convertible note payable was due on or before January 9, 2010 and is secured.  This note is currently in default due to non-payment of principal and interest.

A convertible note payable dated January 25, 2010 in the principal amount of $6,000 with a person who is related to the Company’s CEO. This loan pays interest at a rate of 6% per annum and the principle and accrued interest were due on or before January 25, 2011. The note is not secured and is convertible at the lender’s option into shares of the Company’s common stock at a rate of $0.005 per share. This note is currently in default due to non-payment of principal and interest.

A note payable dated February 24, 2010 in the principal amount of $7,500 with a corporation. The Company’s CEO is a director of the corporation and a former Director of the Company is an officer of the corporation. The loan is not secured and pays interest at a rate of 6% per annum and the principle and accrued interest were due on or before February 24, 2011. This note is currently in default due to non-payment of principal and interest.

A convertible note payable dated January 18, 2012 in the amount of $50,000 with two individuals who are related to the Company’s CEO. This loan pays interest at a rate of 8% per annum and the principle and accrued interest were due on or before July 18, 2012. The note is secured and is convertible at the lender’s option into shares of the Company’s common stock at a rate of $0.004 per share. The note is currently in default due to non-payment of principal and interest.

A convertible note payable dated January 19, 2013 due to a person related to the Company’s CEO with a face amount of $15,000. This note bears interest at a rate of 6% per annum with accrued interest to be paid at the time that the principal balance is repaid or the note is converted into shares of the Company’s common stock. The note is convertible at the note holder’s option into the Company’s common stock at $0.004 per share.  The convertible note payable was due on or before July 30, 2013 and is not secured.  The note is currently in default due to non-payment of principal and interest.

A convertible note payable dated July 26, 2013 due to a person related to the Company’s CEO with a face amount of $10,000. This note bears interest at a rate of 6% per annum with accrued interest to be paid at the time that the principal balance is repaid or the note is converted into shares of the Company’s common stock. The note is convertible at the note holder’s option into the Company’s common stock at $0.01 per share.  The convertible note payable was due on or before January 26, 2014 and is not secured.  The note is currently in default due to non-payment of principal and interest.

A convertible note payable dated January 17, 2014 due to a person related to the Company’s CEO with a face amount of $31,500. This note bears interest at a rate of 6% per annum with accrued interest to be paid at the time that the principal balance is repaid or the note is converted into shares of the Company’s common stock. The note is convertible at the note holder’s option into the Company’s common stock at $0.006 per share.  The convertible note payable is due on or before July 17, 2015 and is not secured. The note is currently in default due to non-payment of principal and interest.

A convertible note payable dated May 27, 2014 due to a person related to the Company’s CEO with a face amount of $7,000. This note bears interest at a rate of 6% per annum with accrued interest to be paid at the time that the principal balance is repaid or the note is converted into shares of the Company’s common stock. The note is convertible at the note holder’s option into the Company’s common stock at $0.007 per share.  The convertible note payable was due on or before November 27, 2014 and is not secured. The note is currently in default due to non-payment of principal and interest.

A convertible note payable dated July 21, 2014 due to a person related to the Company’s CEO with a face amount of $17,000. This note bears interest at a rate of 6% per annum with accrued interest to be paid at the time that the principal balance is repaid or the note is converted into shares of the Company’s common stock. The note is convertible at the note holder’s option into the Company’s common stock at $0.008 per share. The convertible note payable was due on or before January 25, 2015 and is not secured. The note is currently in default due to non-payment of principal and interest.

A convertible note payable dated October 16, 2014 due to a person related to the Company’s CEO with a face amount of $21,000. This note bears interest at a rate of 6% per annum with accrued interest to be paid at the time that the principal balance is repaid or the note is converted into shares of the Company’s common stock. The note is convertible at the note holder’s option into the Company’s common stock at $0.0045 per share.  The convertible note payable was due on or before April 16, 2015 and is not secured.  The note is currently in default due to non-payment of principal and interest.

A convertible note payable dated July 14, 2015 due to a person related to the Company’s CEO with a face amount of $9,000. This note bears interest at a rate of 6% per annum with accrued interest to be paid at the time that the principal balance is repaid or the note is converted into shares of the Company’s common stock. The note is convertible at the note holder’s option into the Company’s common stock at $0.0030 per share.  The convertible note payable was due on or before January 14, 2016 and is not secured.  

A loan in the amount of $2,920 due to a related party shareholder. This loan does not bear interest and has no specific repayment terms.

A note payable dated October 6, 2015 in the principal amount of $10,000 due to one of the Company’s Directors. The loan is not secured and pays interest at a rate of 6% per annum and the principle and accrued interest was due on or before November 11, 2015. This note is currently in default due to non-payment of principal and interest.

A loan in the amount of $100 due to the Company’s CEO. This loan does not bear interest and has no specific repayment terms.

A loan in the amount of $29,683 due to the Company’s CEO. The loan is not secured and pays interest at a 6% per annum and the principal and accrued interest are due on or before June 14, 2016.

A convertible note payable dated January 12, 2015 due to a person related to the Company’s CEO with a face amount of $5,000. This note bears interest at a rate of 6% per annum with accrued interest to be paid at the time that the principal balance is repaid or the note is converted into shares of the Company’s common stock. The note is convertible at the note holder’s option into the Company’s common stock at $0.0020 per share.  The convertible note payable is due on or before July 12, 2016 and is not secured.  

A loan in the amount of $260 due to a related party shareholder. This loan does not bear interest and has no specific repayment terms.

A loan in the amount of $4,000 due to the Company’s CEO. The loan is not secured and pays interest at a 6% per annum. If the loan is not repaid by 90 days from February 10, 2016 then the lender is entitled to receive 500,000 shares of the Company’s restricted common stock.

A convertible note payable dated May 10, 2016 due to a person related to the Company’s CEO with a face amount of $5,000. This note bears interest at a rate of 6% per annum with accrued interest to be paid at the time that the principal balance is repaid or the note is converted into shares of the Company’s common stock. The note is convertible at the note holder’s option into the Company’s common stock at $0.0005 per share.  The convertible note payable is due on or before November 10, 2016 and is not secured.  

A convertible note payable dated May 10, 2016 due to a person related to the Company’s CEO with a face amount of $5,000. This note bears interest at a rate of 6% per annum with accrued interest to be paid at the time that the principal balance is repaid or the note is converted into shares of the Company’s common stock. The note is convertible at the note holder’s option into the Company’s common stock at $0.0005 per share.  The convertible note payable is due on or before November 10, 2016 and is not secured.  

A convertible note payable dated May 20, 2016 due to a person related to the Company’s CEO with a face amount of $5,000. This note bears interest at a rate of 6% per annum with accrued interest to be paid at the time that the principal balance is repaid or the note is converted into shares of the Company’s common stock. The note is convertible at the note holder’s option into the Company’s common stock at $0.0005 per share.  The convertible note payable is due on or before November 20, 2016 and is not secured.  

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Subsequent Events

6 Months Ended

Jun. 30, 2016

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 12 – SUBSEQUENT EVENTS

On July 6, 2016 Seafarer’s Quest, LLC received a 1A-31 permit from the State of Florida, Division of Historical Resources.

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Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2016

Accounting Policies [Abstract]

Accounting Method

Accounting Method

The Company’s condensed financial statements are prepared using the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America.

Cash and Cash Equivalents

Cash and Cash Equivalents

For purposes of the statement of cash flows, the Company considers all highly liquid investments and short-term debt instruments with original maturities of three months or less to be cash equivalents.

Revenue Recognition

Revenue Recognition

The Company recognizes revenue on arrangements in accordance with Securities and Exchange Commission Staff Accounting Bulletin No. 101, “Revenue Recognition in Financial Statements” and No. 104, “Revenue Recognition”. In all cases, revenue is recognized only when the price is fixed or determinable, persuasive evidence of an arrangement exists, the service is performed and collectability is reasonably assured. For the periods ended June 30, 2016 and 2015, the Company did not report any revenues.

Earnings Per Share

Earnings Per Share

The Company has adopted the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) 260-10 which provides for calculation of "basic" and "diluted" earnings per share.  Basic earnings per share includes no dilution and is computed by dividing net income or loss available to common stockholders by the weighted average common shares outstanding for the period.  Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of an entity.  Basic and diluted losses per share were the same at the reporting dates as there were no common stock equivalents outstanding at June 30, 2016 and 2015.

Fair Value of Financial Instruments

Fair Value of Financial Instruments

Effective January 1, 2008, fair value measurements are determined by the Company's adoption of authoritative guidance issued by the FASB, with the exception of the application of the statement to non-recurring, non-financial assets and liabilities, as permitted. Fair value is defined in the authoritative guidance as the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. A fair value hierarchy was established, which prioritizes the inputs used in measuring fair value into three broad levels as follows:

Level 1 – Valuation based on unadjusted quoted market prices in active markets for identical assets or liabilities.

Level 2 – Valuation based on, observable inputs (other than level one prices), quoted market prices for similar assets such as at the measurement date; quoted prices in the market that are not active; or other inputs that are observable, either directly or indirectly.

Level 3 – Valuation based on unobservable inputs that are supported by little or no market activity, therefore requiring management’s best estimate of what market participants would use as fair value.

In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability. The valuation of the Company’s notes recorded at fair value is determined using Level 3 inputs, which consider (i) time value, (ii) current market and (iii) contractual prices.

The carrying amounts of financial assets and liabilities, such as cash and cash equivalents, receivables, accounts payable, notes payable and other payables, approximate their fair values because of the short maturity of these instruments.

The following table represents the Company’s assets and liabilities by level measured at fair value on a recurring basis at December 31, 2015:

Description	Level 1		Level 2		Level 3
Notes payable at fair value	$	—	$	—	$	311,076

The following table represents the Company’s assets and liabilities by level measured at fair value on a recurring basis at June 30, 2016:

Description	Level 1		Level 2		Level 3
Notes payable at fair value	$	—	$	—	$	186,605

The following assets and liabilities are measured on the balance sheets at fair value on a recurring basis utilizing significant unobservable inputs or Level 3 assumptions in their valuation. The following tables provide a reconciliation of the beginning and ending balances of the liabilities:

The change in the notes payable at fair value for the six month period ended June 30, 2016 is as follows:

					New
	Fair Value		Change in fair		Convertible					Fair Value
	January 1, 2016		Value		Notes		Conversions			June 30, 2016
Notes payable at fair value	$	311,074	$	91,782	$	33,000	$	(249,251	)	$	186,605

The change in the notes payable at fair value for the three months ended June 30, 2016 are as follows:

	Fair Value		Change in fair		Convertible					Fair Value
	March 31, 2016		Value		Notes		Conversions			June 30, 2016
Notes payable at fair value	$	286,233	$	62,051	$	0	$	(161,679	)	$	186,605

All gains and losses on assets and liabilities measured at fair value on a recurring basis and classified as Level 3 within the fair value hierarchy are recognized in interest income or expense in the accompanying financial statements.

The significant unobservable inputs used in the fair value measurement of the liabilities described above present value of the future interest payments. 

Property and Equipment and Depreciation

Property and Equipment and Depreciation

Fixed assets are recorded at historical cost. Depreciation is computed on the straight-line method over the estimated useful lives of the respective assets. Property and equipment, net consist of the following at June 30, 2016 and December 31, 2015:

	June 30, 2016			December 31, 2015
Diving vessel	$	326,005		$	326,005
Generator		7,420			7,420
Less accumulated depreciation		(287,141	)		(270,149	)
	$	46,284		$	63,276

Depreciation expense for the six month periods ended June 30, 2016 and 2015 amounted to $16,992.

Impairment of Long-Lived Assets

Impairment of Long-Lived Assets

In accordance with ASC 360-10, the Company, on a regular basis, reviews the carrying amount of long-lived assets for the existence of facts or circumstances, both internally and externally, that suggest impairment. The Company determines if the carrying amount of a long-lived asset is impaired based on anticipated undiscounted cash flows, before interest, from the use of the asset. In the event of impairment, a loss is recognized based on the amount by which the carrying amount exceeds the fair value of the asset. Fair value is determined based on appraised value of the assets or the anticipated cash flows from the use of the asset, discounted at a rate commensurate with the risk involved. There were no impairment charges recorded during the periods ended June 30, 2016 and 2015.

Employee Stock Based Compensation

Employee Stock Based Compensation

The FASB issued SFAS No.123 (revised 2004), Share-Based Payment , which was superseded by ASC 718-10. ASC 718-10 provides investors and other users of financial statements with more complete and neutral financial information, by requiring that the compensation cost relating to share-based payment transactions be recognized in financial statements. That cost will be measured based on the fair value of the equity or liability instruments issued. SFAS 123(R) covers a wide range of share-based compensation arrangements, including share options, restricted share plans, performance-based awards, share appreciation rights and employee share purchase plans. As of June 30, 2016, the Company has not implemented an employee stock based compensation plan.

Non-Employee Stock Based Compensation

Non-Employee Stock Based Compensation

The Company accounts for stock based compensation awards issued to non-employees for services, as prescribed by ASC 718-10, at either the fair value of the services rendered or the instruments issued in exchange for such services, whichever is more readily determinable, using the measurement date guidelines enumerated in EITF 96-18,  Accounting for Equity Instruments That Are Issued to Other Than Employees for Acquiring, or in Conjunction with Selling, Goods or Services , which was superseded by ASC 505-50.  The Company has previously issued, compensatory shares for various services including, but not limited to, executive, board of directors, business consulting, corporate advisory, accounting, research, archeological, operations, strategic planning, corporate communications, financial, legal and administrative consulting services. As determined by Management the Company may issue compensatory shares in the future for these or other services.  

Use of Estimates

Use of Estimates

The process of preparing condensed financial statements in conformity with accounting principles generally accepted in the United States of America requires the use of estimates and assumptions regarding certain types of assets, liabilities, revenues, and expenses.  Such estimates primarily relate to unsettled transactions and events as of the date of the condensed financial statements.  Accordingly, upon settlement, actual results may differ from estimated amounts.

Convertible Notes Payable

Convertible Notes Payable

The Company accounts for conversion options embedded in convertible notes in accordance with ASC 815. ASC 815 generally requires companies to bifurcate conversion options embedded in convertible notes from their host instruments and to account for them as free standing derivative financial instruments. ASC 815 provides for an exception to this rule when convertible notes, as host instruments, are deemed to be conventional, as defined by ASC 815-40.

The Company accounts for convertible notes deemed conventional and conversion options embedded in non-conventional convertible notes which qualify as equity under ASC 815, in accordance with the provisions of ASC 470-20, which provides guidance on accounting for convertible securities with beneficial conversion features. Accordingly, the Company records, as a discount to convertible notes, the intrinsic value of such conversion options based upon the differences between the fair value of the underlying common stock at the commitment date of the note transaction and the effective conversion price embedded in the note. Debt discounts under these arrangements are amortized over the term of the related debt.  

The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period.  Derivative instrument liabilities are classified in the balance sheet as current or non-current based on whether or not net-cash settlement of the derivative instrument could be required within 12 months of the balance sheet date. 

Convertible Notes Payable at Fair Value

Convertible Notes Payable at Fair Value

The   Company   elected   to   account   for   this   hybrid   contract   under   the   guidance   of   ASC   815-15-25-4.  This guidance allows an entity that initially recognizes a hybrid financial instrument that under paragraph   ASC 815-15-25-1 would be required to be separated into a host contract and a derivative instrument may irrevocably elect to initially and subsequently measure that hybrid financial instrument in its entirety at fair value (with changes in fair value recognized in earnings).

The fair value election is also available when a previously recognized financial instrument subject to a re-measurement event and the separate recognition of an embedded derivative. The fair value election may be made instrument by instrument. For purposes of this paragraph, a re-measurement event (new basis event) is an event identified in generally accepted accounting principles, other than the recognition of an other-than-temporary impairment, that requires a financial instrument to be re-measured to its fair value at the time of the event but does not require that instrument to be reported at fair value on a continuous basis with the change in fair value recognized in earnings. Examples of re-measurement events are business combinations and significant modifications of debt as defined in Subtopic 470-50.

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Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2016

Accounting Policies [Abstract]

Assets and liabilites by level measured at fair value

The following table represents the Company’s assets and liabilities by level measured at fair value on a recurring basis at December 31, 2015:

Description	Level 1	Level 2	Level 3
Notes payable at fair value	$ -	$ -	$ 311,076

The following table represents the Company’s assets and liabilities by level measured at fair value on a recurring basis at June 30, 2016:

Description	Level 1	Level 2	Level 3
Notes payable at fair value	$ -	$ -	$ 186,605

The following assets and liabilities are measured on the balance sheets at fair value on a recurring basis utilizing significant unobservable inputs or Level 3 assumptions in their valuation. The following tables provide a reconciliation of the beginning and ending balances of the liabilities:

The change in the notes payable at fair value for the six month period ended June 30, 2016 is as follows:

					New
	Fair Value		Change in fair		Convertible					Fair Value
	January 1, 2016		Value		Notes		Conversions			June 30, 2016
Notes payable at fair value	$	311,074	$	91,782	$	33,000	$	(249,251	)	$	186,605

The change in the notes payable at fair value for the three months ended June 30, 2016 are as follows:

	Fair Value		Change in fair		Convertible					Fair Value
	March 31, 2016		Value		Notes		Conversions			June 30, 2016
Notes payable at fair value	$	286,233	$	62,051	$	0	$	(161,679	)	$	186,605

Property and Equipment and Depreciation

	June 30, 2016			December 31, 2015
Diving vessel	$	326,005		$	326,005
Generator		7,420			7,420
Less accumulated depreciation		(287,141	)		(270,149	)
	$	46,284		$	63,276

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Loss Per Share (Tables)

6 Months Ended

Jun. 30, 2016

Notes to Financial Statements

Components of loss per share

Components of loss per share for the three and six months ended June 30, 2016 and 2016 are as follows:

	For the Three Months Ended June 30, 2016			For the Three Months Ended June 30, 2015
Net loss attributable to common stockholders	$	(305,198	)	$	(348,392	)
Weighted average shares outstanding:
Basic and diluted		1,586,342,398			1,144,988,532
Loss per share:
Basic and diluted	$	(0.00	)	$	(0.00	)

Components of loss per share for the six months ended June 30, 2016 and 2015 are as follows:

	For the Six Months Ended June 30, 2016			For the Six Months  Ended June 30, 2015
Net loss attributable to common stockholders	$	(507,178	)	$	(410,622	)
Weighted average shares outstanding:
Basic and diluted		1,459,185,858			1,090,353,176
Loss per share:
Basic and diluted	$	(0.00	)	$	(0.00	)

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Capital Stock - Warrants and Options (Tables)

6 Months Ended

Jun. 30, 2016

Accounting Policies [Abstract]

Warrants issued

During the three month period ended June 30, 2016, the Company issued the following warrants:

Term		Amount		Exercise Price
	April 14, 2016 to April 14, 2018		10,000,000	$	0.0020
	May 2, 2016 to November 2, 2017		3,000,000	$	0.0020
	May 6, 2016 to November 6, 2017		4,000,000	$	0.0020
	May 6, 2016 to November 6, 2017		3,000,000	$	0.0020
	May 10, 2016 to November 10, 2017		2,500,000	$	0.0020
	May 10, 2016 to November 10, 2017		2,500,000	$	0.0020
	May 20, 2016 to November 20, 2017		10,000,000	$	0.0020
			35,000,000

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Income Taxes (Tables)

6 Months Ended

Jun. 30, 2016

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate

The items accounting for the difference between income taxes computed at the federal statutory rate and the provision for income taxes are as follows:

	For the Six Months Ended June 30, 2016			For the Six Months Ended June 30, 2015
Income tax at federal statutory rate		(34.00	)%		(34.00	)%
State tax, net of federal effect		(3.96	)%		(3.96	)%
		37.96	%		37.96	%
Valuation allowance		(37.96	)%		(37.96	)%
Effective rate		0.00	%		0.00	%

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Convertible Notes Payable and Notes Payable (Tables)

6 Months Ended

Jun. 30, 2016

Debt Disclosure [Abstract]

Convertible Notes Payable

Convertible Notes Payable

The following table reflects the convertible notes payable, other than five notes that have been remeasured to fair value which are discussed later in Note 8, as of June 30, 2016:

Issue	Maturity		June 30,			Interest			Conversion
Date	Date		2016			Rate			Rate
Convertible notes payable:
April 4, 2016		November 4, 2016	$	10,000			6.00	%		0.001
May 27, 2016		August 27, 2016		15,000			0.00	%		0.005
Unamortized discounts				(15,497	)
Balance			$	9,503
Convertible notes payable – related parties
January 12, 2016		July 12, 2016	$	5,000			6.00	%		0.00200
May 10, 2016		November 10, 2016		5,000			6.00	%		0.00050
May 10,2016		November 10,2016		5,000			6.00	%		0.00050
May 20, 2016		November 20,2016		5,000			6.00	%		0.00050
Unamortized discount				(11,027	)
			$	8,973			6.00	%		0.00200
Convertible notes payable, in default
October 31, 2012		April 30, 2013	$	8,000			6.00	%		0.0040
November 20, 2012		May 20, 2013		50,000			6.00	%		0.0050
January 19, 2013		July 30, 2013		5,000			6.00	%		0.0040
February 11, 2013		August 11, 2013		9,000			6.00	%		0.0060
September 25, 2013		March 25, 2014		10,000			6.00	%		0.0125
August 28, 2009		November 1, 2009		4,300			10.00	%		0.0150
April 7, 2010		November 7, 2010		70,000			6.00	%		0.0080
November 12, 2010		November 7, 2011		40,000			6.00	%		0.0050
October 4, 2013		April 4, 2014		50,000			6.00	%		0.0125
October 30, 2013		October 30, 2014		50,000			6.00	%		0.0125
May 15, 2014		November 15, 2014		40,000			6.00	%		0.0070
October 13, 2014		April 13, 2015		25,000			6.00	%		0.0050
June 29, 2015		December 29, 2015		25,000			6.00	%		0.0050
September 18, 2015		March 18, 2016		25,000			6.00	%		0.0020
April 20,2015		April 20, 2016		38,000			6.00	%		0.0032
Balance			$	449,300

Convertible notes payable - related party, in default
January 19, 2013	July 30, 2013	$	15,000	6.00	%	0.0040
January 9, 2009	January 9, 2010		10,000	10.00	%	0.0150
January 25, 2010	January 25, 2011		6,000	6.00	%	0.0050
January 18, 2012	July 18, 2012		50,000	8.00	%	0.0040
July 26, 2013	January 26, 2014		10,000	6.00	%	0.0100
January 17, 2014	July 17, 2014		31,500	6.00	%	0.0060
May 27, 2014	November 27, 2014		7,000	6.00	%	0.0070
July 21, 2014	January 25, 2015		17,000	6.00	%	0.0080
October 16, 2014	April 16, 2015		21,000	6.00	%	0.0045
July 14, 2015	January 14, 2016		9,000	6.00	%	0.0030
Balance		$	176,500

Notes Payable

Notes Payable

The following table reflects the notes payable as of June 30, 2016:

Issue Date	Maturity Date	2016		Interest Rate
Notes payable, in default –related parties:
February 24, 2010	February 24, 2011	$	7,500		6.00	%
October 6, 2015	November 11, 2015		10,000		6.00	%
		$	17,500

Notes payable, in default:
June 23, 2011	August 23, 2011		25,000	6.00	%
April 27, 2011	April 27, 2012		5,000	6.00	%
March 05, 2016	June 16, 2016		17,000	6.00	%
		$	47,000

Summary of effect on earnings

The following tables summarize the effects on June 30, 2016:

Face value of the convertible notes payable	$	60,500
Interest expense to record the convertible notes at fair value on the date of issuance		118,690
Interest income to mark to market the convertible notes on June 30, 2016		(7,415	)
June 30, 2016 fair value	$	186,605

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Significant Accounting Policies - Assets and liabilites by level measured at fair value (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015
Notes payable at fair value	$ 186,605	$ 186,605	$ 286,233	$ 311,074
Change in fair value, notes payable	62,051	91,782
New Convertible Notes	0	33,000
Conversion	(161,679)	(249,251)
Level 1
Notes payable at fair value
Level 2
Notes payable at fair value
Level 3
Notes payable at fair value	$ 186,605	$ 186,605		$ 311,074

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Significant Accounting Policies - Property and Equipment and Depreciation (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Property and Equipment, net	$ 46,284	$ 63,276
Less accumulated depreciation	(287,141)	(270,149)
Diving Vessel
Property and Equipment, net	326,005	326,005
Generator
Property and Equipment, net	$ 7,420	$ 7,420

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Significant Account Policies (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Accounting Policies [Abstract]
Depreciation expense	$ 8,496	$ 8,496	$ 16,992	$ 16,992

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Loss Per Share - Components of loss per share (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Accounting Policies [Abstract]
Net loss attributable to common stockholders	$ (305,198)	$ (348,392)	$ (507,178)	$ (410,622)
Weighted average shares outstanding:
Basic and diluted	1,586,342,398	1,144,988,532	1,459,185,858	1,090,353,176
Loss per share:
Basic and diluted	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.00)

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Capital Stock - Warrants and Options (Details)	Jun. 30, 2016 $ / shares shares
Warrants issued	35,000,000
April 14, 2016 to April 14, 2018
Warrants issued	10,000,000
Warrants, Exercise Price | $ / shares	$ .0020
May 2, 2016 to November 2, 2017
Warrants issued	3,000,000
Warrants, Exercise Price | $ / shares	$ 0.0020
May 6, 2016 to November 6, 2017
Warrants issued	4,000,000
Warrants, Exercise Price | $ / shares	$ 0.0020
May 6, 2016 to November 6, 2017 (2)
Warrants issued	3,000,000
Warrants, Exercise Price | $ / shares	$ 0.0020
May 10, 2016 to November 10, 2017
Warrants issued	2,500,000
Warrants, Exercise Price | $ / shares	$ 0.0020
May 10, 2016 to November 10, 2017 (2)
Warrants issued	2,500,000
Warrants, Exercise Price | $ / shares	$ 0.0020
May 20, 2016 to November 20, 2017
Warrants issued	10,000,000
Warrants, Exercise Price | $ / shares	$ 0.0020

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Capital Stock (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015	Feb. 10, 2014
Common stock, shares authorized	1,950,000,000	1,950,000,000
Common stock, par value	$ 0.0001	$ 0.0001
Authorized preferred shares	50,000,000	50,000,000
Warrants outstanding	$ 70,350,000
Common shares unissued	3,000,000
Common shares owed to consultants	15,000,000
Minimum
Exercise price	$ .002
Maximum
Exercise price	$ 0.01
Series A
Shares of common stock from the conversion of each share of preferred stock	214,289
Percent of any found artifacts found	1.00%
Series B
Authorized preferred shares			50,000,000
Preferred shares created			60
Voting power total			60.00%

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Income Taxes - Schedule of Effective Income Tax Rate (Details)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Income tax at federal statutory rate	(34.00%)	(34.00%)
State tax, net of federal effect	(3.96%)	(3.96%)
Income taxes	37.96%	37.96%
Valuation allowance	(37.96%)	(37.96%)
Effective rate	0.00%	0.00%

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Income Taxes (Details Narrative) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Net tax operating loss	$ 11,856,462	$ 11,326,000

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Lease Obligation (Details Narrative)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2016 USD ($)	Jun. 30, 2015 USD ($)	Jun. 30, 2016 USD ($)	Jun. 30, 2015 USD ($)	Dec. 31, 2017 USD ($) ft²	Dec. 31, 2016 USD ($) ft²
Base monthly rent	$ 6,612	$ 14,164	$ 16,060	$ 28,102
Corporate Office
Base monthly rent					$ 1,251	$ 1,215
Office space, area | ft²					823	823
Operations House
Base monthly rent			$ 1,300

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Convertible Notes Payable and Notes Payable - Convertible Notes Payable (Details)	6 Months Ended
	Jun. 30, 2016 USD ($) $ / shares
Convertible notes payable, Interest rate	0.00%
Convertible notes payable, Unamortized discount	$ (15,497)
Convertible notes payable, Total	9,503
Convertible notes payable, in default, Total	449,300
Convertible notes payable - related parties, in default, Total	176,500
Convertible notes payable - related party	$ 8,973
Convertible notes payable - related parties, Interest rate	6.00%
Convertible notes payable - related parties, Conversion rate | $ / shares	$ 0.0020
Convertible notes payable - related parties, Unamortized discount	$ (11,027)
Notes Issued April 4, 2016
Convertible notes payable, Maturity date	Nov. 04, 2016
Convertible notes payable	$ 10,000
Convertible notes payable, Interest rate	6.00%
Convertible notes payable, Conversion rate | $ / shares	$ 0.001
Notes Issued May 27, 2016
Convertible notes payable, Maturity date	Aug. 27, 2016
Convertible notes payable	$ 15,000
Convertible notes payable, Interest rate	0.00%
Convertible notes payable, Conversion rate | $ / shares	$ 0.005
Notes Issued January 12, 2016
Convertible notes payable - related party, Maturity date	Jul. 12, 2016
Convertible notes payable - related party	$ 5,000
Convertible notes payable - related parties, Interest rate	6.00%
Convertible notes payable - related parties, Conversion rate | $ / shares	$ 0.00200
Notes Issued May 10, 2016
Convertible notes payable - related party, Maturity date	Nov. 10, 2016
Convertible notes payable - related party	$ 5,000
Convertible notes payable - related parties, Interest rate	6.00%
Convertible notes payable - related parties, Conversion rate | $ / shares	$ 0.00050
Notes Issued May 20, 2016
Convertible notes payable - related party, Maturity date	Nov. 20, 2016
Convertible notes payable - related party	$ 5,000
Convertible notes payable - related parties, Interest rate	6.00%
Convertible notes payable - related parties, Conversion rate | $ / shares	$ 0.00050
Notes Issued Oct 31, 2012
Convertible notes payable, in default, Maturity date	Apr. 30, 2013
Convertible notes payable, in default	$ 8,000
Convertible notes payable, in default, Interest rate	6.00%
Convertible notes payable, in default, Conversion rate | $ / shares	$ 0.0040
Notes Issued Nov 20, 2012
Convertible notes payable, in default, Maturity date	May 20, 2013
Convertible notes payable, in default	$ 50,000
Convertible notes payable, in default, Interest rate	6.00%
Convertible notes payable, in default, Conversion rate | $ / shares	$ 0.0050
Notes Issued Jan 19, 2013
Convertible notes payable, in default, Maturity date	Jul. 30, 2013
Convertible notes payable, in default	$ 5,000
Convertible notes payable, in default, Interest rate	6.00%
Convertible notes payable, in default, Conversion rate | $ / shares	$ 0.0040
Convertible notes payable - related parties, in default, Maturity date	Jul. 30, 2013
Convertible notes payable - related parties, in default	$ 15,000
Convertible notes payable - related parties, in default, Interest rate	6.00%
Convertible notes payable - related parties, in default, Conversion rate | $ / shares	$ 0.0040
Notes Issued Feb 11, 2013
Convertible notes payable, in default, Maturity date	Aug. 11, 2013
Convertible notes payable, in default	$ 9,000
Convertible notes payable, in default, Interest rate	6.00%
Convertible notes payable, in default, Conversion rate | $ / shares	$ 0.0060
Notes Issued Sep 25, 2013
Convertible notes payable, in default, Maturity date	Mar. 25, 2014
Convertible notes payable, in default	$ 10,000
Convertible notes payable, in default, Interest rate	6.00%
Convertible notes payable, in default, Conversion rate | $ / shares	$ 0.0125
Notes Issued Aug 28, 2009
Convertible notes payable, in default, Maturity date	Nov. 01, 2009
Convertible notes payable, in default	$ 4,300
Convertible notes payable, in default, Interest rate	10.00%
Convertible notes payable, in default, Conversion rate | $ / shares	$ 0.0150
Notes Issued Apr 7, 2010
Convertible notes payable, in default, Maturity date	Nov. 07, 2010
Convertible notes payable, in default	$ 70,000
Convertible notes payable, in default, Interest rate	6.00%
Convertible notes payable, in default, Conversion rate | $ / shares	$ 0.0080
Notes Issued Nov 12, 2010
Convertible notes payable, in default, Maturity date	Nov. 07, 2011
Convertible notes payable, in default	$ 40,000
Convertible notes payable, in default, Interest rate	6.00%
Convertible notes payable, in default, Conversion rate | $ / shares	$ 0.0050
Notes Issued Oct 4, 2013
Convertible notes payable, in default, Maturity date	Apr. 04, 2014
Convertible notes payable, in default	$ 50,000
Convertible notes payable, in default, Interest rate	6.00%
Convertible notes payable, in default, Conversion rate | $ / shares	$ 0.0125
Notes Issued Oct 30, 2013
Convertible notes payable, in default, Maturity date	Oct. 30, 2014
Convertible notes payable, in default	$ 50,000
Convertible notes payable, in default, Interest rate	6.00%
Convertible notes payable, in default, Conversion rate | $ / shares	$ 0.0125
Notes Issued May 15, 2014
Convertible notes payable, in default, Maturity date	Nov. 15, 2014
Convertible notes payable, in default	$ 40,000
Convertible notes payable, in default, Interest rate	6.00%
Convertible notes payable, in default, Conversion rate | $ / shares	$ 0.0070
Notes Issued Oct 13, 2014
Convertible notes payable, in default, Maturity date	Apr. 13, 2015
Convertible notes payable, in default	$ 25,000
Convertible notes payable, in default, Interest rate	6.00%
Convertible notes payable, in default, Conversion rate | $ / shares	$ 0.0050
Convertible notes payable, in default, Total	$ 0.005
Notes Issued June 29, 2015
Convertible notes payable, in default, Maturity date	Dec. 29, 2015
Convertible notes payable, in default	$ 25,000
Convertible notes payable, in default, Interest rate	6.00%
Convertible notes payable, in default, Conversion rate | $ / shares	$ 0.0050
Notes Issued September 18, 2015
Convertible notes payable, in default, Maturity date	Mar. 18, 2016
Convertible notes payable, in default	$ 25,000
Convertible notes payable, in default, Interest rate	6.00%
Convertible notes payable, in default, Conversion rate | $ / shares	$ 0.00200
Notes Issued April 20, 2015
Convertible notes payable, in default, Maturity date	Apr. 20, 2016
Convertible notes payable, in default	$ 38,000
Convertible notes payable, in default, Interest rate	6.00%
Convertible notes payable, in default, Conversion rate | $ / shares	$ 0.00320
Notes Issued Jan 9, 2009
Convertible notes payable - related parties, in default, Maturity date	Jan. 09, 2010
Convertible notes payable - related parties, in default	$ 10,000
Convertible notes payable - related parties, in default, Interest rate	10.00%
Convertible notes payable - related parties, in default, Conversion rate | $ / shares	$ 0.0150
Notes Issued Jan 25, 2010
Convertible notes payable - related parties, in default, Maturity date	Jan. 25, 2011
Convertible notes payable - related parties, in default	$ 6,000
Convertible notes payable - related parties, in default, Interest rate	6.00%
Convertible notes payable - related parties, in default, Conversion rate | $ / shares	$ 0.0050
Notes Issued Jan 18, 2012
Convertible notes payable - related parties, in default, Maturity date	Jul. 18, 2012
Convertible notes payable - related parties, in default	$ 50,000
Convertible notes payable - related parties, in default, Interest rate	8.00%
Convertible notes payable - related parties, in default, Conversion rate | $ / shares	$ 0.0040
Notes Issued Jul 26, 2013
Convertible notes payable - related parties, in default, Maturity date	Jan. 26, 2014
Convertible notes payable - related parties, in default	$ 10,000
Convertible notes payable - related parties, in default, Interest rate	6.00%
Convertible notes payable - related parties, in default, Conversion rate | $ / shares	$ 0.0100
Notes Issued Jan 17, 2014
Convertible notes payable - related parties, in default, Maturity date	Jul. 17, 2014
Convertible notes payable - related parties, in default	$ 31,500
Convertible notes payable - related parties, in default, Interest rate	6.00%
Convertible notes payable - related parties, in default, Conversion rate | $ / shares	$ 0.0060
Notes Issued May 27, 2014
Convertible notes payable - related parties, in default, Maturity date	Nov. 27, 2014
Convertible notes payable - related parties, in default	$ 7,000
Convertible notes payable - related parties, in default, Interest rate	6.00%
Convertible notes payable - related parties, in default, Conversion rate | $ / shares	$ 0.0070
Notes Issued Jul 21, 2014
Convertible notes payable - related parties, in default, Maturity date	Jan. 25, 2015
Convertible notes payable - related parties, in default	$ 17,000
Convertible notes payable - related parties, in default, Interest rate	6.00%
Convertible notes payable - related parties, in default, Conversion rate | $ / shares	$ 0.0080
Notes Issued Oct 16, 2014
Convertible notes payable - related parties, in default, Maturity date	Oct. 22, 2014
Convertible notes payable - related parties, in default	$ 21,000
Convertible notes payable - related parties, in default, Interest rate	6.00%
Convertible notes payable - related parties, in default, Conversion rate | $ / shares	$ 0.0045
Notes Issued July 14, 2015
Convertible notes payable - related parties, in default, Maturity date	Jan. 14, 2016
Convertible notes payable - related parties, in default	$ 9,000
Convertible notes payable - related parties, in default, Interest rate	6.00%
Convertible notes payable - related parties, in default, Conversion rate | $ / shares	$ 0.00300

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Convertible Notes Payable and Notes Payable - Notes Payable (Details)	6 Months Ended
	Jun. 30, 2016 USD ($)
Notes payable, in default –related parties	$ 17,500
Notes payable, in default	$ 47,000
Notes Issued Feb 24, 2010
Notes payable, in default –related parties, Maturity date	Feb. 24, 2011
Notes payable, in default –related parties	$ 7,500
Notes payable, in default –related parties, Interest rate	6.00%
Notes Issued October 6, 2015
Notes payable, in default –related parties, Maturity date	Nov. 11, 2015
Notes payable, in default –related parties	$ 10,000
Notes payable, in default –related parties, Interest rate	6.00%
Notes Issued Jun 23, 2011
Notes payable, in default, Maturity date	Aug. 03, 2011
Notes payable, in default	$ 25,000
Notes payable, in default, Interest rate	6.00%
Notes Issued Apr 27, 2011
Notes payable, in default, Maturity date	Apr. 27, 2012
Notes payable, in default	$ 5,000
Notes payable, in default, Interest rate	6.00%
Notes Issued March 05, 2016
Notes payable, in default, Maturity date	Jun. 16, 2016
Notes payable, in default	$ 17,000
Notes payable, in default, Interest rate	6.00%

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Convertible Notes Payable and Notes Payable - Summary of effect on earnings (Details)	6 Months Ended
	Jun. 30, 2016 USD ($)
Debt Disclosure [Abstract]
Face value of the convertible notes payable	$ 60,500
Interest expense to record the convertible notes at fair value on the date of issuance	118,690
Interest expense to mark to market the convertible notes	(7,415)
Fair Value	$ 186,605

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Convertible Notes Payable and Notes Payable (Details Narrative) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Interest Expense	$ 145,324	$ 135,581
Convertible notes payable total	75,000
Loan outstanding to related party	33,783
Loan outstanding to shareholder	$ 3,180
Loan payable, Interest rate	0.00%
Derivative loss	$ 166,771
Convertible notes payable, fair value	186,605	$ 311,076
Notes Issued Aug 28, 2015
Convertible notes payable total	$ 44,000
Loan payable, Interest rate	12.00%
Original issue discount of note payable	$ 4,000
Variable conversion price	62.00%
Loss on derivative financial instrument	$ 76,210
Notes converted into shares of common stock	54,561,311
Market capitalization, maximum	$ 1,000,000
Market capitalization, maximum conversion price	25.00%
Conversion price, maximun	$ .00075
Notes Issued Sept 3, 2015
Convertible notes payable total	$ 38,500
Loan payable, Interest rate	12.00%
Original issue discount of note payable	$ 3,500
Variable conversion price	65.00%
Derivative loss	$ 42,308
Loss on derivative financial instrument	$ 29,789
Notes converted into shares of common stock	86,597,589
Notes Issued Sep 8, 2014
Convertible notes payable total	$ 27,000
Loan payable, Interest rate	8.00%
Variable conversion price	65.00%
Derivative loss	$ 16,690
Loss on derivative financial instrument	$ 16,690
Notes converted into shares of common stock	50,268,153
Notes Issued Dec 15, 2015
Convertible notes payable total	$ 27,500
Loan payable, Interest rate	12.00%
Original issue discount of note payable	$ 2,500
Variable conversion price	65.00%
Derivative loss	$ 29,789
Loss on derivative financial instrument	29,789
Face value of convertible note	27,500
Convertible notes payable, fair value	53,163
Notes Issued March 24, 2016
Convertible notes payable total	$ 33,000
Loan payable, Interest rate	12.00%
Original issue discount of note payable	$ 3,000
Variable conversion price	62.00%
Derivative loss	$ 32,210
Loss on derivative financial instrument	102,882
Face value of convertible note	33,000
Convertible notes payable, fair value	135,809
Market capitalization, maximum	$ 1,000,000
Market capitalization, maximum conversion price	25.00%
Conversion price, maximun	$ 0.0009
Chief Executive Officer
Loan outstanding to related party	$ 29,683
Loan payable, Interest rate	6.00%
CEO, Second Loan
Loan outstanding to related party	$ 100
Loan payable, Interest rate	0.00%
CEO, Third Loan
Loan outstanding to related party	$ 4,000
Loan payable, Interest rate	6.00%
Conversion price	$ 0.002

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Material Agreements (Details Narrative) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Mar. 31, 2017	May 31, 2016	Apr. 30, 2016	Jan. 07, 2016
Payment per day for operational and site management services		$ 150
Payment per month for campground and electrical services		$ 700
Vesting shares per month		333,334
Payment per month for archeological services	$ 3,500
Payment per month in restricted stock	5,000
Ongoing agreement, payment per month for archeological consulting services	3,500
Ongoing consulting agreement for business advisory services payment per month	5,000
Payment per month to related party LLC	3,000
Outstanding debt related to transfer agency services	$ 30,278
Consulting Agreement #1
Payment of restricted common stock					4,000,000
Restricted shares of common stock issued consultant for services					4,000,008
Three Advisors
Payment of restricted common stock				4,000,000
Three Advisors (B)
Payment of restricted common stock				3,000,000
One Advisor
Payment of restricted common stock				2,000,000
Aggregate Total
Payment of restricted common stock				23,000,000
Management Services
Payment of restricted common stock				2,880,000
Open Ended Consultant Agreement
Payment of restricted common stock	4,000,000		5,000,000	2,000,000
Open Ended Consultant Agreement 2
Payment of restricted common stock	5,000,000			1,000,000
Advisory Council
Payment of restricted common stock			2,000,000
Director Agreement
Payment of restricted common stock			20,000,000
Quest, LLC
Entitlement of artifact recovery	60.00%
Ownership	50.00%

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Legal Proceedings (Details Narrative) - USD ($)	1 Months Ended	14 Months Ended
	Oct. 30, 2013	Dec. 11, 2009	Apr. 01, 2011
Commitments and Contingencies Disclosure [Abstract]
Alleged loss due to lawsuit		$ 1,041,000
Shares gifted to friends, family and employees		34,700,000
Shares kept by Corporation		4,140,000
Received judgment for compensatory damages			$ 5,080,000
Restricted common stock surrendered and cancelled	1,000,000

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Related Party Transactions (Details Narrative) - USD ($)	1 Months Ended		6 Months Ended
	Jun. 30, 2015	Feb. 28, 2015	Jun. 30, 2016	May 31, 2016	May 10, 2016	Feb. 29, 2016	Jan. 31, 2016	Jul. 30, 2015	Jul. 14, 2015	Jan. 12, 2015	Oct. 16, 2014	Jul. 21, 2014	May 27, 2014	Jan. 17, 2014	Jul. 26, 2013	Jan. 19, 2013	Jan. 18, 2012	Feb. 24, 2010	Jan. 25, 2010	Jan. 09, 2009
Short term loan from related party shareholder			$ 2,920				$ 260
Interest free loan	$ 2,900	$ 2,900	$ 2,900
Convertible note payable, amount							$ 5,000	$ 9,000	$ 9,000	$ 5,000	$ 21,000	$ 17,000	$ 7,000	$ 31,500	$ 10,000	$ 15,000	$ 50,000	$ 7,500	$ 6,000	$ 10,000
Convertible note payable, interest rate per annum							6.00%	6.00%	6.00%	6.00%	6.00%	6.00%	6.00%	6.00%	6.00%	6.00%	8.00%	6.00%	6.00%	10.00%
Convertible note payable, common stock price per share							$ 0.002	$ .003	$ 0.0045	$ .0020	$ 0.0045	$ 0.008	$ 0.007	$ 0.006	$ 0.01	$ 0.004	$ 0.004		$ 0.005	$ 0.015
Warrants issued			35,000,000
Loan outstanding to related party			$ 33,783
Loan payable, Interest rate			0.00%
Legal fees			$ 30,278
Payment to related party consultant per month			3,000
Chief Executive Officer
Loan outstanding to related party			$ 29,683
Loan payable, Interest rate			6.00%
CEO, Second Loan
Loan outstanding to related party			$ 100
Loan payable, Interest rate			0.00%
CEO, Third Loan
Loan outstanding to related party			$ 4,000
Loan payable, Interest rate			6.00%
Agreement #1
Payment of restricted common stock							5,000,000
Chief Executive Officer
Short term loan from related party shareholder				$ 1,200
Payment of restricted common stock				20,000,000		500,000
Convertible note payable, amount						$ 4,000
Convertible note payable, interest rate per annum						6.00%
Convertible note payable, common stock price per share						$ 0.002
Loan outstanding to related party						$ 4,000
Loan payable, Interest rate						6.00%
Related Party Agreement (1)
Convertible note payable, amount					$ 5,000
Convertible note payable, interest rate per annum					6.00%
Convertible note payable, common stock price per share					$ .005
Warrants issued					2,500,000
Warrant conversion price					$ .002
Related Party Agreement (2)
Convertible note payable, amount					$ 5,000
Convertible note payable, interest rate per annum					6.00%
Convertible note payable, common stock price per share					$ .005
Warrants issued					2,500,000
Warrant conversion price					$ 0.002
Related Party Agreement (3)
Convertible note payable, amount					$ 5,000
Convertible note payable, interest rate per annum					6.00%
Convertible note payable, common stock price per share					$ 0.005
Warrants issued					10,000,000
Warrant conversion price					$ .002