{"url_path":"/sec/sfrx/10-q/2026/item-1","section_key":"item-1","section_title":"Item 1 Legal Proceedings**","topic":"sec","document":{"doc_type":"10-Q/A","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/1106213/0001199835-26-000155-index.html","accession_number":"0001199835-26-000155","cik":"0001106213","ticker":"SFRX","issuer_name":"SEAFARER EXPLORATION CORP","edgar_url":"https://www.sec.gov/Archives/edgar/data/1106213/0001199835-26-000155-index.html","primary_entity_key":"0001106213","primary_entity_name":"SEAFARER EXPLORATION CORP"},"word_count":166,"has_tables":true,"body_markdown":"**Item\n1. Legal Proceedings**\n\n \n\nOn\nSeptember 6, 2024, the Plaintiff, Diane McConnell filed suit against Seafarer Exploration Corporation and Kyle Kennedy in the County\nCourt of Brevard County, Florida. The suit alleges breach of contract and negligence regarding the maintenance and upkeep of a residential\nproperty. Seafarer leased the property from Plaintiff, as lodging for boat captains and crew. The lease was without incident for nearly\nten years. Due to the Plaintiff’s vexatious litigation strategy, the costs of litigating this matter would have exceeded $100,000.\nOn October 30, 2025, the Parties attended mediation and Seafarer successfully negotiated the dismissal of the lawsuit with prejudice\n(Meaning the claims cannot be filed again at a future date). Seafarer agreed to pay Plaintiff $22,500, and each party is responsible\nfor their respective attorney fees. Plaintiff is bound by a confidentiality agreement and no disparagement agreement barring the Plaintiff\nfrom making slanderous public comments about Seafarer. The case is closed with no further payment or performance obligations due or outstanding."}