XML 22 R4.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
REVENUE      
Revenue $ 2,038,332 $ 3,072,987 $ 3,275,753
OPERATING EXPENSES      
Operations and research 10,923,819 7,927,831 3,688,560
Marketing, general and administrative 3,749,912 5,491,849 5,654,409
Total operating expenses 14,673,731 13,419,680 9,342,969
LOSS FROM OPERATIONS (12,635,399) (10,346,693) (6,067,216)
OTHER INCOME OR (EXPENSE)      
Interest income 5,121 151 56,408
Interest expense (6,915,535) (5,360,192) (3,142,280)
Gain (loss) on debt extinguishment (777,484) (290,024)  
Change in derivative liabilities fair value (732,958) (322,485)  
Other (36,214) 819,517 48,803
Total other income or (expense) (8,457,070) (5,153,033) (3,037,069)
LOSS BEFORE INCOME TAXES (21,092,469) (15,499,726) (9,104,285)
Income tax benefit (provision) 0 0 0
NET (LOSS) BEFORE NON-CONTROLLING INTEREST (21,092,469) (15,499,726) (9,104,285)
Non-controlling interest 6,280,313 5,059,765 3,931,849
NET (LOSS) $ (14,812,156) $ (10,439,961) $ (5,172,436)
LOSS PER SHARE      
Basic and diluted $ (1.41) $ (1.12) $ (0.60)
Weighted average number of common shares outstanding      
Basic and diluted 10,538,114 9,346,213 8,583,795
Marine Services [Member]      
REVENUE      
Revenue $ 1,087,669 $ 1,984,316 $ 2,439,997
Product and Service, Other [Member]      
REVENUE      
Revenue $ 950,663 $ 1,088,671 $ 835,756