RedactedNarrative: V01 was engaged in recreational fishing approximately 5 miles offshore of Cedar Key. The vessel had 2 Persons On Board (POBs). The operator attempted to return to dock when the vessels batteries ran low and the motor began to have issues. The occupants called in a distress call to their parents. The 2 POBs were rescued by FWC personnel and the vessel was towed in towards Yankeetown by United States Coast Guard (USCG) vessel. The vessel began to take on water, was unable to bilge due to electrical system failure from drained batteries, and an attempt to bilge was made by the USCG Crew with their bilge kit. The vessel was hit by a wave, and was sunken in 15 feet of water. The vessel did not have Flares onboard and neither occupant was injured. No further law enforcement action taken at this time.