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Deferred Income and Revenue Participation Rights (Tables)
 3 Months Ended
Mar. 31, 2016
Deferred Revenue Disclosure [Abstract]  
Participating Revenue Rights

The Company’s participating revenue rights and deferred income consisted of the following at:

 

     March 31,
2016		      December 31,
2015		  

“Cambridge” project

    $ 825,000       $ 825,000   

“Seattle” project

      62,500         62,500   

Galt Resources, LLC (HMS Victory project)

      3,756,250         3,756,250   

Oceanica call option (MINOSA)

      —          383,148   
  

 

 

     

 

 

  

Total deferred income and participating revenue rights

    $ 4,643,750       $ 5,026,898