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Accounts Receivable and Other

9 Months Ended

Sep. 30, 2018

Receivables [Abstract]

Accounts Receivable and Other

NOTE C – ACCOUNTS RECEIVABLE AND OTHER

Our accounts receivable consists of the following:

		September 30, 2018				December 31, 2017
Trade		$	37,478			$	7,376
Related party			584,937				183,453
Other			44,767				41,551
Total accounts receivable and other		$	667,182			$	232,380

Monaco and its related affiliates owe us $555,379 and $183,453 for the periods ended September 30, 2018 and December 31, 2017, respectively, for support services and marine services rendered on their behalf. See NOTE D for further information regarding Monaco. During the quarter ended September 30, 2018, we began providing services for a deep-sea mineral exploration company in which our Chairman of the Board, Greg Stemm, has a controlling and ownership interest. See NOTE D for further information. At September 30, 2018 and December 31, 2017, the company owed us $29,558 and $0, respectively.

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- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

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