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Consolidated Balance Sheets - USD ($)
Mar. 31, 2017
Dec. 31, 2016
CURRENT ASSETS    
Cash and cash equivalents $ 1,065,690 $ 1,662,643
Restricted cash 10,000 10,000
Accounts receivable and other, net 355,565 473,806
Other current assets 441,680 609,462
Total current assets 1,872,935 2,755,911
PROPERTY AND EQUIPMENT    
Equipment and office fixtures 17,188,699 17,188,699
Marine asset held for sale 416,329 416,329
Accumulated depreciation (16,031,978) (15,809,774)
Total property and equipment 1,573,050 1,795,254
NON-CURRENT ASSETS    
Other non-current assets 532,500 532,500
Total non-current assets 532,500 532,500
Total assets 3,978,485 5,083,665
CURRENT LIABILITIES    
Accounts payable 1,656,789 1,397,347
Accrued expenses and other 5,588,944 5,078,125
Loans payable 20,800,001 20,731,807
Total current liabilities 28,045,734 27,207,279
LONG-TERM LIABILITIES    
Loans payable 5,141,723 4,335,501
Deferred income and revenue participation rights 4,643,750 4,643,750
Total long-term liabilities 9,785,473 8,979,251
Total liabilities 37,831,207 36,186,530
Commitments and contingencies (NOTE P)
STOCKHOLDERS' EQUITY/(DEFICIT)    
Preferred stock 0 0
Common stock - $.0001 par value; 75,000,000 shares authorized; 7,718,366 and; 7,718,366 issued and outstanding for each period end presented 772 772
Additional paid-in capital 208,170,842 207,962,346
Accumulated deficit (229,149,701) (226,950,436)
Total stockholders' equity/(deficit) before non-controlling interest (20,978,087) (18,987,318)
Non-controlling interest (12,874,635) (12,115,547)
Total stockholders' equity/(deficit) (33,852,722) (31,102,865)
Total liabilities and stockholders' equity/(deficit) $ 3,978,485 $ 5,083,665