10-K Filing

ODYSSEY MARINE EXPLORATION INC CIK: 798528 FY 2011

Filing Information

Form Type	10-K
Accession Number	`0001193125-12-109723`
Period End Date	20111231
Filing Date	20120312
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	omex-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 61 Cash Flow Statement 100 Stockholders Equity 9

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	9.36M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	9.36M	shares	Point-in-time
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$7.97M	USD	Point-in-time
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$235.76K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$563.71K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$212.79K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.10M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$500.63K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventory	`InventoryNet`	$557.15K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventory	`InventoryNet`	$409.61K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$467.18K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$779.48K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.77M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	67.08M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$10.02M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	73.10M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	73.10M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	67.08M	shares	Point-in-time
Equipment and office fixtures	`FixturesAndEquipmentGross`	$16.64M	USD	Point-in-time
Equipment and office fixtures	`FixturesAndEquipmentGross`	$15.45M	USD	Point-in-time
Building and land	`BuildingAndLand`	$4.70M	USD	Point-in-time
Building and land	`BuildingAndLand`	$4.67M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$13.62M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$12.98M	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentNet`	$6.53M	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentNet`	$8.33M	USD	Point-in-time
Inventory	`InventoryNoncurrent`	$5.50M	USD	Point-in-time
Inventory	`InventoryNoncurrent`	$6.02M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$183.50K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$251.79K	USD	Point-in-time
Investment in unconsolidated entity	`EquityMethodInvestments`	-	USD	Point-in-time
Investment in unconsolidated entity	`EquityMethodInvestments`	-	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$1.11M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$1.10M	USD	Point-in-time
Total other assets	`OtherAssets`	$7.31M	USD	Point-in-time
Total other assets	`OtherAssets`	$6.86M	USD	Point-in-time
Total assets	`Assets`	$19.41M	USD	Point-in-time
Total assets	`Assets`	$23.41M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.11M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.24M	USD	Point-in-time
Accrued expenses and other	`AccruedLiabilitiesCurrent`	$2.77M	USD	Point-in-time
Accrued expenses and other	`AccruedLiabilitiesCurrent`	$2.06M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$3.55M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$730.10K	USD	Point-in-time
Subscription payable	`SubscriptionPayable`	$2.00M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$6.36M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$7.33M	USD	Point-in-time
Mortgage and loans payable	`MortgageAndLoansPayableCurrent`	$4.80M	USD	Point-in-time
Mortgage and loans payable	`MortgageAndLoansPayableCurrent`	$5.17M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$18.85M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$19.27M	USD	Point-in-time
Mortgage and loans payable	`MortgageAndLoansPayableNonCurrent`	$5.69M	USD	Point-in-time
Mortgage and loans payable	`MortgageAndLoansPayableNonCurrent`	$2.78M	USD	Point-in-time
Deferred income from revenue participation rights	`DeferredRevenueNoncurrent`	$887.50K	USD	Point-in-time
Deferred income from revenue participation rights	`DeferredRevenueNoncurrent`	$8.40M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$3.66M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$14.09M	USD	Point-in-time
Total liabilities	`Liabilities`	$32.94M	USD	Point-in-time
Total liabilities	`Liabilities`	$22.94M	USD	Point-in-time
Commitments and contingencies (Note U)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note U)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable Series G Convertible Preferred stock	`TemporaryEquityCarryingAmount`	$4.02M	USD	Point-in-time
Redeemable Series G Convertible Preferred stock	`TemporaryEquityCarryingAmount`	$250.00K	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Common stock - $.0001 par value; 150,000,000 shares authorized; 73,095,384 and 67,082,835 issued and outstanding	`CommonStockValue`	$7.31K	USD	Point-in-time
Common stock - $.0001 par value; 150,000,000 shares authorized; 73,095,384 and 67,082,835 issued and outstanding	`CommonStockValue`	$6.71K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$137.24M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$122.72M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-130.28M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-147.02M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$7.56M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-7.55M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-9.77M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$19.41M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$23.41M	USD	Point-in-time

Income Statement 61 line items

Line Item	Tag	Value	Unit	Period
Artifact sales and other	`SalesRevenueGoodsNet`	$853.63K	USD	Annual
Artifact sales and other	`SalesRevenueGoodsNet`	$1.64M	USD	Annual
Artifact sales and other	`SalesRevenueGoodsNet`	$391.19K	USD	Annual
Exhibit	`ExhibitRevenue`	$140.00K	USD	Annual
Exhibit	`ExhibitRevenue`	$207.29K	USD	Annual
Exhibit	`ExhibitRevenue`	$593.80K	USD	Annual
Expedition	`ExpeditionCharterRevenue`	$20.47M	USD	Annual
Expedition	`ExpeditionCharterRevenue`	$2.12M	USD	Annual
Expedition	`ExpeditionCharterRevenue`	$14.67M	USD	Annual
Total revenue	`Revenues`	$21.00M	USD	Annual
Total revenue	`Revenues`	$15.73M	USD	Annual
Total revenue	`Revenues`	$4.35M	USD	Annual
Cost of sales - artifacts and other	`CostOfGoodsSold`	$680.53K	USD	Annual
Cost of sales - artifacts and other	`CostOfGoodsSold`	$414.99K	USD	Annual
Cost of sales - artifacts and other	`CostOfGoodsSold`	$191.09K	USD	Annual
Operations and research	`OperationsAndResearch`	$21.29M	USD	Annual
Operations and research	`OperationsAndResearch`	$12.59M	USD	Annual
Operations and research	`OperationsAndResearch`	$19.57M	USD	Annual
Marketing, general and administrative	`SellingGeneralAndAdministrativeExpense`	$9.43M	USD	Annual
Marketing, general and administrative	`SellingGeneralAndAdministrativeExpense`	$9.15M	USD	Annual
Marketing, general and administrative	`SellingGeneralAndAdministrativeExpense`	$9.39M	USD	Annual
Receivable reserves	`ProvisionForDoubtfulAccounts`	$8.49M	USD	Annual
Total operating expenses	`OperatingExpenses`	$31.10M	USD	Annual
Total operating expenses	`OperatingExpenses`	$22.70M	USD	Annual
Total operating expenses	`OperatingExpenses`	$37.41M	USD	Annual
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-18.35M	USD	Annual
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-15.37M	USD	Annual
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-16.41M	USD	Annual
Interest income	`InvestmentIncomeNonoperating`	$38.26K	USD	Annual
Interest income	`InvestmentIncomeNonoperating`	$3.88K	USD	Annual
Interest income	`InvestmentIncomeNonoperating`	$3.90K	USD	Annual
Interest expense	`InterestExpense`	$334.36K	USD	Annual
Interest expense	`InterestExpense`	$515.88K	USD	Annual
Interest expense	`InterestExpense`	$1.16M	USD	Annual
Change in derivative liabilities fair value	`GainOnDerivativeInstrumentsPretax`	$4.98M	USD	Annual
Change in derivative liabilities fair value	`GainOnDerivativeInstrumentsPretax`	$-3.64M	USD	Annual
(Loss) on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-383.02K	USD	Annual
(Loss) from unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$-4.73M	USD	Annual
(Loss) from unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$-52.53K	USD	Annual
(Loss) from unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$-2.45M	USD	Annual
Other	`OtherExpenses`	$-44.76K	USD	Annual
Other	`OtherExpenses`	$-47.55K	USD	Annual
Other	`OtherExpenses`	$-75.11K	USD	Annual
Total other income or (expense)	`OtherNonoperatingIncomeExpense`	$-6.94M	USD	Annual
Total other income or (expense)	`OtherNonoperatingIncomeExpense`	$-856.61K	USD	Annual
Total other income or (expense)	`OtherNonoperatingIncomeExpense`	$-273.52K	USD	Annual
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-18.63M	USD	Annual
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-23.34M	USD	Annual
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-16.23M	USD	Annual
Income tax (provision) benefit	`IncomeTaxExpenseBenefit`	-	USD	Annual
Income tax (provision) benefit	`IncomeTaxExpenseBenefit`	-	USD	Annual
Income tax (provision) benefit	`IncomeTaxExpenseBenefit`	-	USD	Annual
NET LOSS	`ProfitLoss`	$-18.63M	USD	Annual
NET LOSS	`ProfitLoss`	$-16.23M	USD	Annual
NET LOSS	`ProfitLoss`	$-23.34M	USD	Annual
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.33	USD	Annual
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.36	USD	Annual
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.28	USD	Annual
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	56.21M	shares	Annual
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	70.18M	shares	Annual
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	65.63M	shares	Annual

Cash Flow Statement 100 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-18.63M	USD	Annual
Net loss	`ProfitLoss`	$-16.23M	USD	Annual
Net loss	`ProfitLoss`	$-23.34M	USD	Annual
Amortization of financing costs	`AmortizationOfFinancingCosts`	$273.00K	USD	Annual
Interest accretion on notes payable	`IncreaseDecreaseInInterestPayableNet`	$405.46K	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$1.55M	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$2.03M	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$2.14M	USD	Annual
Depreciation	`Depreciation`	$2.16M	USD	Annual
Depreciation	`Depreciation`	$2.28M	USD	Annual
Depreciation	`Depreciation`	$1.89M	USD	Annual
Write down of long-lived asset	`ImpairmentOfLongLivedAssetsHeldForUse`	$593.97K	USD	Annual
Loan discount amortization	`AmortizationOfDebtDiscountPremium`	$129.38K	USD	Annual
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-383.02K	USD	Annual
Change in derivatives liabilities fair value	`GainOnDerivativeInstrumentsPretax`	$4.98M	USD	Annual
Change in derivatives liabilities fair value	`GainOnDerivativeInstrumentsPretax`	$-3.64M	USD	Annual
Loss from unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$-4.73M	USD	Annual
Loss from unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$-52.53K	USD	Annual
Loss from unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$-2.45M	USD	Annual
Investment in unconsolidated entity	`InvestmentInUnconsolidatedEntity`	$-4.73M	USD	Annual
Accounts receivable - reserve	`ProvisionForDoubtfulAccounts`	$8.49M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$403.86K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-222.53K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$10.34M	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-282.63K	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-91.22K	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-3.37K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-371.35K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-158.04K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-605.42K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$93.11K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$167.31K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-13.52K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.13M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.87M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-623.38K	USD	Annual
Accrued expenses and other	`IncreaseDecreaseInAccruedLiabilities`	$-541.36K	USD	Annual
Accrued expenses and other	`IncreaseDecreaseInAccruedLiabilities`	$796.17K	USD	Annual
Accrued expenses and other	`IncreaseDecreaseInAccruedLiabilities`	$108.08K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$1.26M	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-527.36K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$2.82M	USD	Annual
NET CASH (USED) IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-12.16M	USD	Annual
NET CASH (USED) IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-15.19M	USD	Annual
NET CASH (USED) IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-12.60M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.15M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.63M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$973.76K	USD	Annual
Investment in unconsolidated entity	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	$500.00K	USD	Annual
Investment in unconsolidated entity	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	$1.20K	USD	Annual
Proceeds from disposal of long-lived asset	`ProceedsFromSaleOfProductiveAssets`	$485.00K	USD	Annual
NET CASH (USED) IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-488.76K	USD	Annual
NET CASH (USED) IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-1.65M	USD	Annual
NET CASH (USED) IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-1.63M	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$5.11M	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$15.63M	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$6.24M	USD	Annual
Proceeds from issuance of loan payable	`ProceedsFromIssuanceOfLongTermDebt`	$1.87M	USD	Annual
Proceeds from issuance of loan payable	`ProceedsFromIssuanceOfLongTermDebt`	$10.00M	USD	Annual
Proceeds from issuance of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$5.05M	USD	Annual
Proceeds from warrants exercise	`ProceedsFromWarrantExercises`	$790.40K	USD	Annual
Broker commissions and fees on capital raises	`PaymentsOfStockIssuanceCosts`	$186.25K	USD	Annual
Broker commissions and fees on capital raises	`PaymentsOfStockIssuanceCosts`	$545.00K	USD	Annual
Deferred income from revenue participation rights	`DeferredIncomeFromRevenueParticipationRights`	$7.51M	USD	Annual
Dividends	`PaymentsOfDividends`	$515.56K	USD	Annual
Redemption of Series G Preferred stock	`PaymentsForRepurchaseOfRedeemablePreferredStock`	$5.76M	USD	Annual
Repayment of mortgage and loans payable	`RepaymentOfMortgageAndLoansPayable`	$-2.91M	USD	Annual
Repayment of mortgage and loans payable	`RepaymentOfMortgageAndLoansPayable`	$-244.44K	USD	Annual
Repayment of mortgage and loans payable	`RepaymentOfMortgageAndLoansPayable`	$-1.10M	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$5.65M	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$23.42M	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$11.88M	USD	Annual
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.91M	USD	Annual
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.59M	USD	Annual
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.74M	USD	Annual
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$235.76K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$2.15M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$7.97M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$10.74M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$235.76K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$2.15M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$7.97M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$10.74M	USD	Point-in-time
Interest paid	`InterestPaid`	$410.35K	USD	Annual
Interest paid	`InterestPaid`	$736.91K	USD	Annual
Interest paid	`InterestPaid`	$338.28K	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	-	USD	Annual
Accrued compensation paid by equity instruments	`PriorPeriodAccruedCompensationPaidByEquityInstruments`	$561.59K	USD	Annual
Accrued compensation paid by equity instruments	`PriorPeriodAccruedCompensationPaidByEquityInstruments`	$117.80K	USD	Annual
Accrued compensation paid by equity instruments	`PriorPeriodAccruedCompensationPaidByEquityInstruments`	$229.56K	USD	Annual
Building and equipment purchased with financing	`CapitalExpendituresIncurredButNotYetPaid`	$186.76K	USD	Annual
Building and equipment purchased with financing	`CapitalExpendituresIncurredButNotYetPaid`	$198.66K	USD	Annual
Series G Preferred Stock accretion	`SeriesGPreferredStockAccretion`	$1.99M	USD	Annual
Offset account receivable with subscription payable (See NOTE E)	`OffsetAccountReceivableWithSubscriptionPayable`	$2.00M	USD	Annual
Accounts receivable converted to stock in unconsolidated entity (See NOTE E)	`AccountsReceivableConvertedToStockInUnconsolidatedEntity`	-	USD	Annual
Accounts receivable converted to stock in unconsolidated entity (See NOTE E)	`AccountsReceivableConvertedToStockInUnconsolidatedEntity`	-	USD	Annual
Accounts receivable converted to stock in unconsolidated entity (See NOTE E)	`AccountsReceivableConvertedToStockInUnconsolidatedEntity`	-	USD	Annual
Acquired non-controlling interest of Dorado Ocean Resources, Ltd. with the assumption of a subscription payable of an equal amount (See NOTE J)	`AcquiredNoncontrollingInterestWithAssumptionOfSubscriptionPayableOfEqualAmount`	$2.00M	USD	Annual

Stockholders Equity 9 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$7.56M	USD	Point-in-time
Balance	`StockholdersEquity`	$-7.55M	USD	Point-in-time
Balance	`StockholdersEquity`	$-9.77M	USD	Point-in-time
Net loss	`ProfitLoss`	$-18.63M	USD	Annual
Net loss	`ProfitLoss`	$-16.23M	USD	Annual
Net loss	`ProfitLoss`	$-23.34M	USD	Annual
Balance	`StockholdersEquity`	$7.56M	USD	Point-in-time
Balance	`StockholdersEquity`	$-7.55M	USD	Point-in-time
Balance	`StockholdersEquity`	$-9.77M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.