XML 36 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Income (USD $)
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
REVENUE      
Artifact sales and other $ 853,627 $ 391,189 $ 1,636,042
Exhibit 207,289 140,000 593,798
Expedition 14,666,316 20,469,506 2,117,625
Total revenue 15,727,232 21,000,695 4,347,465
OPERATING EXPENSES      
Cost of sales - artifacts and other 414,993 191,091 680,530
Operations and research 21,288,476 19,570,672 12,594,834
Marketing, general and administrative 9,392,465 9,151,502 9,426,775
Receivable reserves   8,494,672  
Total operating expenses 31,095,934 37,407,937 22,702,139
LOSS FROM OPERATIONS (15,368,702) (16,407,242) (18,354,674)
OTHER INCOME OR (EXPENSE)      
Interest income 3,875 3,903 38,255
Interest expense (1,155,072) (515,878) (334,364)
Change in derivative liabilities fair value 4,980,138 (3,638,112)  
(Loss) on debt extinguishment   (383,023)  
(Loss) from unconsolidated entity (4,733,100) (2,447,471) (52,529)
Other 47,553 44,757 75,114
Total other income or (expense) (856,606) (6,935,824) (273,524)
LOSS BEFORE INCOME TAXES (16,225,308) (23,343,066) (18,628,198)
Income tax (provision) benefit         
NET LOSS $ (16,225,308) $ (23,343,066) $ (18,628,198)
LOSS PER SHARE      
Basic and diluted $ (0.28) $ (0.36) $ (0.33)
Weighted average number of common shares outstanding      
Basic and diluted 70,179,935 65,633,382 56,211,952