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Consolidated Statements of Operations - Unaudited - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
REVENUE        
Recovered cargo sales and other $ 11,854 $ 2,389 $ 11,854 $ 7,057
Expedition   2,880,851 1,236,623 4,675,978
Total revenue 11,854 2,883,240 1,248,477 4,683,035
OPERATING EXPENSES        
Marketing, general and administrative 1,863,328 2,193,734 5,242,884 6,511,574
Operations and research 618,461 2,886,857 2,821,776 6,380,651
Total operating expenses 2,481,789 5,080,591 8,064,660 12,892,225
INCOME (LOSS) FROM OPERATIONS (2,469,935) (2,197,351) (6,816,183) (8,209,190)
OTHER INCOME (EXPENSE)        
Interest expense (638,940) (598,931) (2,018,570) (1,529,278)
Change in derivative liabilities fair value   3,748   3,402,273
Other 3,107 (5,063) 64,104 386,567
Total other income (expense) (635,833) (600,246) (1,954,466) 2,259,562
(LOSS) BEFORE INCOME TAXES (3,105,768) (2,797,597) (8,770,649) (5,949,628)
Income tax benefit (provision) 0 0 0 0
NET (LOSS) BEFORE NON-CONTROLLING INTEREST (3,105,768) (2,797,597) (8,770,649) (5,949,628)
Non-controlling interest 854,671 665,294 2,403,404 2,043,191
NET (LOSS) INCOME $ (2,251,097) $ (2,132,303) $ (6,367,245) $ (3,906,437)
NET (LOSS) PER SHARE        
Basic and diluted (See NOTE B) $ (0.27) $ (0.28) $ (0.78) $ (0.52)
Weighted average number of common shares outstanding        
Basic 8,388,821 7,558,835 8,145,689 7,548,136
Diluted 8,388,821 7,558,835 8,145,689 7,548,136