XML 59 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Operations (Unaudited) (USD $)
 3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
REVENUE        
Artifact sales and other $ 95,046 $ 5,534,933 $ 982,912 $ 6,565,579
Exhibit 25,000 19,527 51,484 100,218
Expedition       5,480
Total revenue 120,046 5,554,460 1,034,396 6,671,277
OPERATING EXPENSES        
Cost of sales - artifacts and other 27,026 169,573 204,516 410,357
Marketing, general and administrative 2,782,362 4,670,196 8,191,210 10,390,087
Operations and research 5,114,499 4,159,412 14,957,889 19,403,757
Total operating expenses 7,923,887 8,999,181 23,353,615 30,204,201
INCOME (LOSS) FROM OPERATIONS (7,803,841) (3,444,721) (22,319,219) (23,532,924)
OTHER INCOME (EXPENSE)        
Interest income 557 4,074 25,194 6,829
Interest expense (268,892) (894,076) (931,819) (2,883,617)
Change in derivative liabilities fair value 305,841 870,453 676,820 2,206,642
(Loss) from unconsolidated entity     (522,500)  
Other 92,497 114,980 113,540 139,667
Total other income (expense) 130,003 95,431 (638,765) (530,479)
(LOSS) BEFORE INCOME TAXES (7,673,838) (3,349,290) (22,957,984) (24,063,403)
Income tax benefit (provision)   (235,249) 481,055 (335,991)
NET (LOSS) BEFORE NON-CONTROLLING INTEREST (7,673,838) (3,584,539) (22,476,929) (24,399,394)
Non-controlling interest 258,714 2,653,146 1,247,166 2,906,646
NET (LOSS) $ (7,415,124) $ (931,393) $ (21,229,763) $ (21,492,748)
NET (LOSS) PER SHARE        
Basic and diluted (See NOTE B) $ (0.09) $ (0.01) $ (0.25) $ (0.27)
Weighted average number of common shares outstanding with participating securities per the two-class method        
Basic 85,271,429 80,252,203 84,707,367 78,991,192
Diluted 85,271,429 80,252,203 84,707,367 78,991,192