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Consolidated Balance Sheets - USD ($)
Sep. 30, 2017
Dec. 31, 2016
CURRENT ASSETS    
Cash and cash equivalents $ 1,342,206 $ 1,662,643
Restricted cash 10,010 10,000
Accounts receivable and other, net 263,745 473,806
Other current assets 242,092 609,462
Total current assets 1,858,053 2,755,911
PROPERTY AND EQUIPMENT    
Equipment and office fixtures 16,738,898 17,188,699
Marine asset held for sale   416,329
Accumulated depreciation (15,989,100) (15,809,774)
Total property and equipment 749,798 1,795,254
NON-CURRENT ASSETS    
Other non-current assets 532,500 532,500
Total non-current assets 532,500 532,500
Total assets 3,140,351 5,083,665
CURRENT LIABILITIES    
Accounts payable 2,112,859 1,397,347
Accrued expenses and other 6,066,045 5,078,125
Loans payable 23,150,524 20,731,807
Total current liabilities 31,329,428 27,207,279
LONG-TERM LIABILITIES    
Loans payable 3,000,000 4,335,501
Revenue participation rights 4,643,750 4,643,750
Total long-term liabilities 7,643,750 8,979,251
Total liabilities 38,973,178 36,186,530
Commitments and contingencies (NOTE G)
STOCKHOLDERS' EQUITY/(DEFICIT)    
Preferred stock 0 0
Common stock - $.0001 par value; 75,000,000 shares authorized; 8,388,821 and 7,718,366 issued and outstanding for each period end presented 839 772
Additional paid-incapital 212,002,967 207,962,346
Accumulated deficit (233,317,682) (226,950,436)
Total stockholders' equity/(deficit) before non-controlling interest (21,313,876) (18,987,318)
Non-controlling interest (14,518,951) (12,115,547)
Total stockholders' equity/(deficit) (35,832,827) (31,102,865)
Total liabilities and stockholders' equity/(deficit) $ 3,140,351 $ 5,083,665