XML 104 R62.htm IDEA: XBRL DOCUMENT v3.22.1
Loans Payable - Note 7 - Monaco 2018 - Additional Information (Detail) - USD ($)
 12 Months Ended
Oct. 24, 2021
Dec. 31, 2021
Dec. 31, 2020
Jan. 31, 2021
Mar. 31, 2018
Oct. 01, 2016
Debt Instrument [Line Items]            
Aggregate amount issuable           $ 3,000,000.0
Note 7 - Monaco 2018 [Member]            
Debt Instrument [Line Items]            
Loan amount borrowed   $ 0     $ 1,000,000.0  
Interest rate, stated percentage   10.00%        
Agreement description   During the period ended March 31, 2018, Monaco advanced us $1.0 million that was included in a loan agreement that was executed on April 20, 2018. Monaco also agreed to treat $99,366 of back rent owed by us to Monaco as part of this loan resulting in an aggregate principal amount of $1,099,366 at December 31, 2020. The indebtedness bears interest at 10.0% percent per year. During January 2021, this loan agreement was amended by increasing the interest rate to 18%, effective January 1, 2021. All principal and any unpaid interest are payable on the first anniversary of this agreement, April 20, 2019. This debt is secured by cash proceeds, if any, from our future shipwreck projects we have contracted with Magellan. As additional consideration, their share purchase option expiration date, as discussed in Note 1 – Monaco 2014 and Note 2 – Monaco 2016 above, has been extended from 30 days to seven months after the note becomes paid in full For the twelve months ended December 31, 2021 and 2020, interest expense in the amount of $209,229 and $138,333, respectively, was recorded.        
Back rent considered as part of loan         $ 99,366,000,000  
Aggregate amount issuable     $ 1,099,366      
Accrued interest   $ 209,229 $ 138,333      
Interest rate, increased percentage       18.00%    
Litigation Settlement Loans Payable $ 1,600,000