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Revenue Participation Rights (Tables)
6 Months Ended
Jun. 30, 2013
Text Block [Abstract]  
Participating Revenue Rights

The Company’s participating revenue rights consisted of the following at June 30, 2013 and December 31, 2012:

 

     June 30,
2013
     December 31,
2012
 

Cambridge” project

   $ 825,000       $ 825,000   

Republic” (now “Seattle”) project

     62,500         62,500   

Galt Resources, LLC (HMS Victory)

     3,756,250         3,756,250   
  

 

 

    

 

 

 

Total participating revenue rights

   $ 4,643,750       $ 4,643,750