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Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2016
Accounting Policies [Abstract]  
Assets and liabilites by level measured at fair value

 

Description   Level 1   Level 2   Level 3
Notes payable at fair value   $       $       $ 286,232  
                         

 

The following assets and liabilities are measured on the consolidated balance sheets at fair value on a recurring basis utilizing significant unobservable inputs or Level 3 assumptions in their valuation. The following tables provide a reconciliation of the beginning and ending balances of the liabilities:

 

                New              
    Fair Value     Change in fair     Convertible           Fair Value  
    January 1, 2016     Value     Notes     Conversions     March 31, 2016  
                               
Notes payable at fair value   $ 311,074     $ (73,079 )   $ 135,809     $ (87,572 )   $ 286,232  
                                         

 

 

Property and Equipment and Depreciation

    March 31, 2016     December 31, 2015  
Diving vessel   $ 326,005     $ 326,005  
Generator     7,420       7,420  
Less accumulated depreciation     (278,645 )     (270,149 )
    $ 54,780     $ 63,276