Kinetic Seas Inc.
For the period ended Jun 30, 2026. Filed Aug 19, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 19, 2026
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Item 1. Financial Statements (unaudited)
Item 1. Financial Statements.
Index to Unaudited Financial Statements
| Page | |
|---|---|
| FINANCIAL STATEMENTS: | |
| Balances Sheets as of June 30, 2026 (unaudited) and December 31, 2025 | 5 |
| (Unaudited) Statements of Operations for the Six Months June 30, 2026, and June 30, 2025 | 6 |
| (Unaudited) Statements of Changes in Stockholders’ Deficit for the Six Months Ended June 30 2026, and 2025 | 7 |
| (Unaudited) Statements of Cash Flows for the Six Months Ended June 30, 2026, and 2025 | 8 |
| Notes to the (Unaudited) Interim Financial Statements | 9 |
BALANCE SHEETS
| June 30, | December 31, | |
|---|---|---|
| 2026 | 2025 | |
| (Unaudited) | (Audited) | |
| ASSETS | ||
| Current Assets | ||
| Cash | $– | $7,767 |
| Investment as Collateral | 572,000 | – |
| Prepaid Expenses | – | 43,750 |
| Deferred charge | – | – |
| Total current assets | 572,000 | 51,517 |
| Right of use assets | 40,027 | 50,543 |
| Property and equipment, net | 27,326 | 46,243 |
| Investments | 7,946,032 | 10,460,540 |
| Total assets | $8,585,385 | $10,608,843 |
| LIABILITIES AND STOCKHOLDERS' DEFICIT | ||
| Current Liabilities | ||
| Overdraft | $500 | $– |
| Accounts payable | 119,644 | 201,028 |
| Accrued liabilities | – | 540 |
| Deferred Revenue Current | 2,079,000 | 2,079,000 |
| Accrued interest | 21,104 | 30,821 |
| Lease liabilities -short term | 20,930 | 20,930 |
| Notes payable | 513,509 | 315,000 |
| Notes payable related parties | – | 239,957 |
| Total current liabilities | 2,754,687 | 2,887,276 |
| Deferred Revenue-noncurrent | 6,930,000 | 7,969,500 |
| Non-Current Liabilities | 131,400 | 71,900 |
| Lease liabilities long term | 20,286 | 30,778 |
| Total Non-current Liabilities | 7,081,686 | 8,072,178 |
| Total liabilities | 9,836,373 | 10,959,453 |
| Commitments and contingencies | – | – |
| STOCKHOLDERS' DEFICIT | ||
| Preferred A stock, $0.00001 par value, 50,000,000 shares authorized, 500 and 500 shares issued and outstanding, respectively, as of June 30, 2026 and December 31, 2025 | – | – |
| Preferred B stock, $0.00001 par value, 50,000,000 shares authorized, 4,917 and 11,917 shares issued and outstanding, respectively, as of June 30, 2026 and December 31, 2025 | 4 | 4 |
| Common stock, $0.00001 par value, 200,000,000 shares authorized and 60,745,926 and 52,789,000 shares issued and outstanding, respectively as of June 30, 2026 and December 31, 2025 | 607 | 527 |
| Additional paid-in-capital | 6,022,030 | 5,899,007 |
| Accumulated deficit | (7,273,629) | (6,250,147) |
| Total stockholders' deficit | (1,250,988) | (350,609) |
| Total liabilities and stockholders' deficit | $8,585,385 | $10,608,843 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.