XML 16 R4.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Operations - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
REVENUE    
Revenue $ 291,676 $ 1,005,511
OPERATING EXPENSES    
Marketing, general and administrative 1,291,614 1,397,385
Operations and research 1,797,437 2,456,164
Total operating expenses 3,089,051 3,853,549
INCOME (LOSS) FROM OPERATIONS (2,797,375) (2,848,038)
OTHER INCOME (EXPENSE)    
Interest expense (2,380,476) (1,335,618)
Loss in hybrid-instrument fair value   (203,115)
Other 54,385 42,049
Total other income (expense) (2,326,091) (1,496,684)
(LOSS) BEFORE INCOME TAXES (5,123,466) (4,344,722)
Income tax benefit (provision) 0  
NET (LOSS) BEFORE NON-CONTROLLING INTEREST (5,123,466) (4,344,722)
Non-controlling interest 1,403,248 1,446,746
NET (LOSS) $ (3,720,218) $ (2,897,976)
NET (LOSS) PER SHARE    
Basic and diluted (See NOTE B) $ (0.29) $ (0.30)
Weighted average number of common shares outstanding    
Basic 12,610,924 9,517,664
Diluted 12,610,924 9,517,664
Marine Services [Member]    
REVENUE    
Revenue $ 35,354 $ 711,120
Operating and other [Member]    
REVENUE    
Revenue $ 256,322 $ 294,391