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

The Company’s participating revenue rights and deferred revenue consisted of the following at December 31, 2016 and December 31, 2015:

 

     December 31,
2016		      December 31,
2015		  

“Cambridge” project

    $ 825,000      $ 825,000  

“Seattle” project

      62,500        62,500  

Galt Resources, LLC (HMS Victory)

      3,756,250        3,756,250  

Oceanica call option

      —          383,148  
  

 

 

     

 

 

  

Total deferred income and participating revenue rights

    $ 4,643,750      $ 5,026,898