XML 59 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Operations (Unaudited) (USD $)
 3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
REVENUE        
Artifact sales and other $ 133,259 $ 105,024 $ 187,407 $ 453,914
Exhibit 75,000 28,409 100,000 71,402
Expedition 1,218,372 6,611,136 4,038,977 8,313,355
Total revenue 1,426,631 6,744,569 4,326,384 8,838,671
OPERATING EXPENSES        
Cost of sales - artifacts and other 89,892 52,561 124,081 226,137
Marketing, general and administrative 2,483,000 2,434,090 4,839,918 4,604,169
Operations and research 9,554,692 5,186,884 14,706,398 8,719,594
Total operating expenses 12,127,584 7,673,535 19,670,397 13,549,900
INCOME (LOSS) FROM OPERATIONS (10,700,953) (928,966) (15,344,013) (4,711,229)
OTHER INCOME (EXPENSE)        
Interest income 698 149 23,138 535
Interest expense (1,679,871) (105,710) (2,665,200) (203,611)
Change in derivatives liabilities fair value (3,212,901) 704,562 (3,089,832) (584,622)
(Loss) from unconsolidated entity    (1,595,000)    (1,595,000)
Other 2,677 (5,588) 3,759 (10,661)
Total other income (expense) (4,889,397) (1,001,587) (5,728,135) (2,393,359)
LOSS BEFORE INCOME TAXES (15,590,350) (1,930,553) (21,072,148) (7,104,588)
Income tax benefit (provision)            
NET LOSS $ (15,590,350) $ (1,930,553) $ (21,072,148) $ (7,104,588)
NET LOSS PER SHARE        
Basic and diluted (See NOTE B) $ (0.21) $ (0.07) $ (0.29) $ (0.15)
Weighted average number of common shares outstanding        
Basic and diluted 73,234,692 67,873,487 73,199,914 67,512,776