SFRX · Seafarer Exploration Corp

Substantial doubt about the company's ability to continue as a going concern.

“It is management's opinion that these factors raise substantial doubt about the Company's ability to continue as a going concern for a period of twelve months from the date of the issuance of these consolidated financial statements. These matters raise substantial doubt about the Company's ability to continue as a going concern; however, the accompanying unaudited condensed consolidated 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.”