XML 63 R4.htm IDEA: XBRL DOCUMENT 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