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Accounts Receivable and Other

6 Months Ended

Jun. 30, 2019

Receivables [Abstract]

Accounts Receivable and Other

NOTE C – ACCOUNTS RECEIVABLE AND OTHER

Our accounts receivable consist of the following:

		June 30, 2019				December 31, 2018
Trade		$	44,093			$	9,466
Related party			499,928				664,596
Other			42,331				115,359
Total accounts receivable and other		$	586,352			$	789,421

Monaco and its affiliates owe us $434,411 and $612,498 for the periods ended June 30, 2019 and December 31, 2018, 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 past Chairman of the Board, Greg Stemm, has a controlling ownership interest. See NOTE D for further information. At June 30, 2019 and December 31, 2018, respectively, the company owed us $63,847 and $52,098, respectively. Monaco and CIC comprise the majority of the June 30, 2019 Related party balance.

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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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