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v3.3.0.814

Consolidated Statements of Operations - USD ($) | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014
REVENUE |  |  |  |
Artifact sales and other | $ 1,368,795 | $ 95,046 | $ 1,689,968 | $ 982,912
Exhibit | 12,500 | 25,000 | 45,852 | 51,484
Expedition | 77,358 |  | 281,667 |
Total revenue | 1,458,653 | 120,046 | 2,017,487 | 1,034,396
OPERATING EXPENSES |  |  |  |
Cost of sales - artifacts and other | 873,517 | 27,026 | 1,250,982 | 204,516
Marketing, general and administrative | 2,630,094 | 2,782,362 | 9,000,307 | 8,191,210
Operations and research | 2,306,053 | 5,114,499 | 8,557,109 | 14,957,889
Common stock issued for subsidiary stock option settlement |  |  | 2,520,000 |
Total operating expenses | 5,809,664 | 7,923,887 | 21,328,398 | 23,353,615
INCOME (LOSS) FROM OPERATIONS | (4,351,011) | (7,803,841) | (19,310,911) | (22,319,219)
OTHER INCOME (EXPENSE) |  |  |  |
Interest income | 27 | 557 | 122 | 25,194
Interest expense | (1,206,662) | (268,892) | (2,888,386) | (931,819)
Change in derivative liabilities fair value | (4,732) | 305,841 | (255,745) | 676,820
(Loss) from unconsolidated entity |  |  |  | (522,500)
Other | (11,944) | 92,497 | (22,819) | 113,540
Total other income (expense) | (1,223,311) | 130,003 | (3,166,828) | (638,765)
(LOSS) BEFORE INCOME TAXES | (5,574,322) | (7,673,838) | (22,477,739) | (22,957,984)
Income tax benefit (provision) |  |  |  | 481,055
NET (LOSS) BEFORE NON-CONTROLLING INTEREST | (5,574,322) | (7,673,838) | (22,477,739) | (22,476,929)
Non-controlling interest | 994,067 | 258,714 | 2,056,794 | 1,247,166
NET (LOSS) | $ (4,580,255) | $ (7,415,124) | $ (20,420,945) | $ (21,229,763)
NET (LOSS) PER SHARE |  |  |  |
Basic and diluted (see NOTE B) | $ (0.05) | $ (0.09) | $ (0.23) | $ (0.25)
Weighted average number of common shares outstanding with participating securities per the two-class method |  |  |  |
Basic | 89,781,577 | 85,271,429 | 88,655,418 | 84,707,367
Diluted | 89,781,577 | 85,271,429 | 88,655,418 | 84,707,367

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