XML 81 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT (USD $)
Total
Common Stock [Member]
Preferred Stock [Member]
Common Stock Payable [Member]
Prepaid Equity Based Compensation [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Balance at Dec. 31, 2011 $ (762,401) $ 4 $ 425 $ 1 $ (637,498) $ 6,150,762 $ (6,276,095)
Balance (in shares) at Dec. 31, 2011   35,499 425,000 7,651      
Issuance of stock payable from prior reporting periods 0 1 0 (1) 0 0 0
Issuance of stock payable from prior reporting periods (in shares)   7,651 0 (7,651)      
Stock granted or payable for consulting, legal, and other professional services 230,912 3 0 0 0 230,909 0
Stock granted or payable for consulting, legal, and other professional services (in shares)   36,259 0 0      
Equity based incentive/retention bonuses to consultants 280,400 0 0 68 0 280,332 0
Equity based incentive/retention bonuses to consultants (in shares)   0 0 678,519      
Stock for equity investment 5,000 0 0 0 0 5,000 0
Stock for equity investment (in shares)   494 0 0      
Discounts on convertible debentures 150,129 0 0 0 0 150,129 0
Equity based compensation and incentive/ retention bonus to Chief Executive Officer 264,999 0 0 10 0 264,989 0
Equity based compensation and incentive/ retention bonus to Chief Executive Officer (in shares)   0 0 102,460      
Amortization of prepaid equity based compensation to Chief Executive Officer 500,004 0 0 0 500,004 0 0
Conversion of Board of Directors' fees payable to stock 22,500 2 0 0 0 22,498 0
Conversion of Board of Directors' fees payable to stock (in shares)   18,519 0 0      
Equity based year end bonus to non-employee Board of Director 73,000 0 0 18 0 72,982 0
Equity based year end bonus to non-employee Board of Director (in shares)   0 0 180,247      
Conversion of employee compensation payable to stock 99,000 2 0 0 0 98,998 0
Conversion of employee compensation payable to stock (in shares)   16,537 0 0      
Equity based incentive/retention bonuses to employees 1,650 0 0 0 0 1,650 0
Equity based incentive/retention bonuses to employees (in shares)   0 0 1,358      
Conversion of accrued interest and fees convertible debentures to stock 7,178 0 0 0 0 7,178 0
Conversion of accrued interest and fees convertible debentures to stock (in shares)   2,376 0 0      
Conversion of convertible debentures to stock 194,583 28 0 0 0 194,555 0
Conversion of convertible debentures to stock (in shares)   280,485 0 0      
Extinguishment of convertible debentures 72,017 0 0 0 0 72,017 0
Equity based compensation for exclusivity pursuant to agreement with Precision Paddleboards, Inc. 17,333 0 0 0 0 17,333 0
Equity based compensation for exclusivity pursuant to agreement with Precision Paddleboards, Inc. (in shares)   0 0 357      
Conversion of short-term loan from Board of Director to stock 20,000 0 0 0 0 20,000 0
Conversion of short-term loan from Board of Director to stock (in shares)   1,975 0 0      
Stock issued for assets purchased from Florida Dive Industries, Inc. 59,400 0 0 0 0 59,400 0
Stock issued for assets purchased from Florida Dive Industries, Inc. (in shares)   1,630 0 0      
Net loss (2,013,349) 0 0 0 0 0 (2,013,349)
Balance at Dec. 31, 2012 (777,645) 40 425 96 (137,494) 7,648,732 (8,289,444)
Balance (in shares) at Dec. 31, 2012   401,424 425,000 962,940      
Issuance of stock payable from prior reporting periods 0 85 0 (85) 0 0 0
Issuance of stock payable from prior reporting periods (in shares)   851,852 0 (851,852)      
Stock granted or payable for consulting, legal, and other professional services 58,610 11 0 13 0 58,586 0
Stock granted or payable for consulting, legal, and other professional services (in shares)   105,064 0 133,305      
Equity based incentive/retention bonuses to consultants 16,301 1 0 1 0 16,299 0
Equity based incentive/retention bonuses to consultants (in shares)   5,185 0 8,643      
Discounts on convertible debentures 72,053 0 0 0 0 72,053 0
Equity based compensation and incentive/ retention bonus to Chief Executive Officer 291,904 0 0 338 0 291,566 0
Equity based compensation and incentive/ retention bonus to Chief Executive Officer (in shares)   0 0 3,375,907      
Forgiveness and cancellation of certain equity based compensation due Chief Executive Officer 0 0 0 (343) 0 343 0
Forgiveness and cancellation of certain equity based compensation due Chief Executive Officer (in shares)   0 0 (3,431,001)      
Amortization of prepaid equity based compensation to Chief Executive Officer 137,494 0 0 0 137,494 0 0
Conversion of note payable - related party (Chief Executive Officer) to stock 50,000 37 0 0 0 49,963 0
Conversion of note payable - related party (Chief Executive Officer) to stock (in shares)   370,370 0 0      
Conversion of Board of Directors' fees payable to stock 15,000 1 0 0 0 14,999 0
Conversion of Board of Directors' fees payable to stock (in shares)   12,346 0 0      
Equity based Board of Director's fees 27,500 2 0 22 0 27,476 0
Equity based Board of Director's fees (in shares)   22,635 0 216,070      
Forgiveness of Board of Director's fees 5,917 0 0 (22) 0 5,939 0
Forgiveness of Board of Director's fees (in shares)   0 0 216,070      
Stock options granted with note payable - related party (Board of Director) 44,610 0 0 0 0 44,610 0
Conversion of employee compensation payable to stock 54,000 96 0 0 0 53,904 0
Conversion of employee compensation payable to stock (in shares)   959,870 0 0      
Equity based incentive/retention bonuses to employees 3,300 0 0 0 0 3,300 0
Equity based incentive/retention bonuses to employees (in shares)   0 0 2,716      
Conversion of accrued interest and fees convertible debentures to stock 7,402 4 0 0 0 7,398 0
Conversion of accrued interest and fees convertible debentures to stock (in shares)   42,444 0 0      
Conversion of convertible debentures to stock 177,134 302 0 0 0 176,832 0
Conversion of convertible debentures to stock (in shares)   3,017,602 0 0      
Extinguishment of convertible debentures 46,913 0 0 0 0 46,913 0
Equity based compensation for exclusivity pursuant to agreement with Precision Paddleboards, Inc. 6,667 0 0 0 0 6,667 0
Equity based compensation for exclusivity pursuant to agreement with Precision Paddleboards, Inc. (in shares)   0 0 137      
Retirement of certain 2012 year end equity bonuses returned by consultants (47,500) (12) 0 0 0 (47,488) 0
Retirement of certain 2012 year end equity bonuses returned by consultants (in shares)   (117,284) 0 0      
Adjustment for shares rounded upward as a result of 1-for-1,350 reverse split 0 0 0 0 0 0 0
Adjustment for shares rounded upward as a result of 1-for-1,350 reverse split (in shares)   543 0 0      
Net loss (788,286) 0 0 0 0 0 (788,286)
Balance at Dec. 31, 2013 $ (598,626) $ 567 $ 425 $ 20 $ 0 $ 8,478,092 $ (9,077,730)
Balance (in shares) at Dec. 31, 2013   5,672,051 425,000 200,795