SEAFARER EXPLORATION CORP

SFRXdata completeness 50%19 fiscal years on file

Data notes: no data for concept 'incomeTaxExpense'

i. The business — what you’d actually own

Figure	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenue	$23,761¹	$12,972²	$19,235³	$16,303⁴	—
Net income	−$2.63M⁵	−$2.62M⁶	−$3.18M⁷	−$3.9M⁸	−$2.74M⁸
Operating cash flow	−$1.72M⁹	−$1.99M¹⁰	−$2.31M¹¹	−$2.87M¹²	−$2.02M¹²
Capital expenditure	—	$145¹³	—	$58,406¹⁴	—
Free cash flow (derived)	—	−$1.99M¹⁰	—	−$2.93M¹²	—
Total debt	—	—	—	—	—
Cash & equivalents	—	—	—	—	—
Diluted shares	5.65B	7.17B	8.31B	8.94B	10.13B

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal

If you owned

Net assets behind them

−$0

your share of equity

Profit it earned you last year

−$0

Free cash flow it threw off

—

Debt you’d be carrying

—

10 shares is a claim on −$0 of net worth that earned you −$0 last year.

iii. Is this a good business?

Moat signal · return on equity

— avg · 5y

Not enough data in the filings for a return-on-capital reading.

Management signal · capital allocation

+79% shares · 5y

Share count is up 79% over 5 years — owners have been diluted. Worth asking what they got for it.

Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.

iv. What it’s worth — engine v0.1.0

DCF · Growth Exit 10Y

not applicable

3y-median FCF non-positive — growth-exit DCF not applicable (see EPV)

DCF · Growth Exit 5Y

not applicable

3y-median FCF non-positive — growth-exit DCF not applicable (see EPV)

Earnings Power Value

not applicable

normalized (5y-median) earnings non-positive — EPV undefined

Graham Number

not applicable

diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

Sources — the receipts