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Consolidated Statements of Operations - Unaudited - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
REVENUE    
Recovered cargo sales and other $ 4,667 $ 94,440
Exhibit   20,852
Marine services 577,810  
Total revenue 582,477 115,292
OPERATING EXPENSES    
Cost of sales - recovered cargo sales and other   212,876
Marketing, general and administrative 2,380,317 3,015,986
Operations and research 2,199,991 3,361,466
Common stock issued for subsidiary stock option settlement   2,520,000
Total operating expenses 4,580,308 9,110,328
(LOSS) FROM OPERATIONS (3,997,831) (8,995,036)
OTHER INCOME (EXPENSE)    
Interest income   59
Interest expense (334,060) (662,282)
Change in derivative liabilities fair value 3,337,474 (462,903)
Other 381,978 (18,369)
Total other income (expense) 3,385,392 (1,143,495)
(LOSS) BEFORE INCOME TAXES (612,439) (10,138,531)
Income tax benefit (provision) 0 0
(LOSS) BEFORE NON-CONTROLLING INTEREST (612,439) (10,138,531)
Non-controlling interest 697,083 424,060
NET (LOSS) $ 84,644 $ (9,714,471)
NET (LOSS) PER SHARE (See NOTE B)    
Basic $ 0.01 $ (1.35)
Diluted $ 0.01 $ (1.35)
Weighted average number of common shares outstanding with participating securities per the two-class method    
Basic 7,541,111 7,209,653
Diluted 7,632,441 7,209,653