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v3.10.0.1

Consolidated Statements of Operations - Unaudited - USD ($) | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017
REVENUE |  |  |  |
Revenue | $ 886,327 | $ 11,854 | $ 2,471,559 | $ 1,248,477
OPERATING EXPENSES |  |  |  |
Marketing, general and administrative | 1,359,898 | 1,863,328 | 4,297,301 | 5,242,884
Operations and research | 1,070,916 | 618,461 | 2,544,559 | 2,821,776
Total operating expenses | 2,430,814 | 2,481,789 | 6,841,860 | 8,064,660
INCOME (LOSS) FROM OPERATIONS | (1,544,487) | (2,469,935) | (4,370,301) | (6,816,183)
OTHER INCOME (EXPENSE) |  |  |  |
Interest expense | (816,732) | (638,940) | (2,258,149) | (2,018,570)
Other | 38,185 | 3,107 | 54,052 | 64,104
Total other income (expense) | (778,547) | (635,833) | (2,204,097) | (1,954,466)
(LOSS) BEFORE INCOME TAXES | (2,323,034) | (3,105,768) | (6,574,398) | (8,770,649)
Income tax benefit (provision) | 0 | 0 | 0 | 0
NET (LOSS) BEFORE NON-CONTROLLING INTEREST | (2,323,034) | (3,105,768) | (6,574,398) | (8,770,649)
Non-controlling interest | 1,013,759 | 854,671 | 2,878,806 | 2,403,404
NET (LOSS) | $ (1,309,275) | $ (2,251,097) | $ (3,695,592) | $ (6,367,245)
NET (LOSS) PER SHARE |  |  |  |
Basic and diluted (See NOTE B) | $ (0.15) | $ (0.27) | $ (0.44) | $ (0.78)
Weighted average number of common shares outstanding |  |  |  |
Basic | 8,466,909 | 8,388,821 | 8,466,909 | 8,145,689
Diluted | 8,466,909 | 8,388,821 | 8,466,909 | 8,145,689
Cargo and Other [Member] |  |  |  |
REVENUE |  |  |  |
Revenue | $ 260,763 | $ 11,854 | $ 569,083 | $ 11,854
Marine Services [Member] |  |  |  |
REVENUE |  |  |  |
Revenue | $ 625,564 |  | $ 1,902,476 | $ 1,236,623

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- Definition The aggregate costs incurred (1) for the marine operating costs such as vessel and related equipment operations and maintenance, crew and technical labor, fuel, provisions and supplies, port fees and depreciation, costs related to operating and supporting the attraction exhibit and (2) in a planned search or critical investigation aimed at discovery of new or additional knowledge with the belief that such knowledge will be useful in assisting in the location of targeted sites. + References No definition available. + Details
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