Diamondhead Casino (DHCC) 10-Q14 Aug 242024 Q2 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	6 Months Ended
Cover - shares	Jun. 30, 2024	Aug. 13, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Entity File Number	0-17529
Entity Registrant Name	DIAMONDHEAD CASINO CORPORATION
Entity Central Index Key	0000844887
Entity Tax Identification Number	59-2935476
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	1013 Princess Street
Entity Address, City or Town	Alexandria
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	22314
City Area Code	703
Local Phone Number	683-6800
Entity Current Reporting Status	Yes
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		39,052,472

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash	$ 74,745	$ 426,124
Total current assets	74,745	426,124
Land (Note 3)	5,233,204	5,233,204
Other receivable	154,622	154,622
Other assets	200,080	80
Total assets	5,662,651	5,814,030
Current liabilities:
Convertible notes and line of credit payable (Note 5)	1,962,500	1,962,500
Debenture payable (Note 6)	50,000	50,000
Convertible debenture payable (Note 6)	1,800,000	1,800,000
Short term notes and interest bearing advance (Note 7)	65,504	65,504
Total current liabilities	19,471,680	18,676,733
Total liabilities	19,471,680	18,676,733
Commitments and contingencies (Notes 3 and 12)
Stockholders’ deficit:
Preferred stock, $0.01 par value; shares authorized 5,000,000, outstanding 2,086,000 at June 30, 2024 and December 31, 2023 (aggregate liquidation preference of $2,519,080 at June 30, 2024 and December 31, 2023)	20,860	20,860
Common stock, $0.001 par value; shares authorized 50,000,000, issued: 39,052,472 at June 30, 2024 and December 31, 2023 outstanding: 36,297,576 at June 30, 2024 and December 31, 2023	39,052	39,052
Additional paid-in capital	36,687,991	36,663,780
Unearned ESOP shares	(2,490,662)	(2,490,662)
Accumulated deficit	(47,833,339)	(46,862,802)
Treasury stock, at cost, 1,084,431 shares at June 30, 2024 and December 31, 2023	(232,931)	(232,931)
Total stockholders’ deficit	(13,809,029)	(12,862,703)
Total liabilities and stockholders’ deficit	5,662,651	5,814,030
Related Party [Member]
Current liabilities:
Accounts payable and accrued expenses	8,705,147	8,315,187
Notes payable	698,601	669,279
Others [Member]
Current liabilities:
Accounts payable and accrued expenses	5,634,552	5,272,524
Notes payable	$ 555,376	$ 541,739

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Preferred stock par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares outstanding	2,086,000	2,086,000
Preferred stock liquidation preference value	$ 2,519,080	$ 2,519,080
Common stock par value	$ 0.001	$ 0.001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	39,052,472	39,052,472
Common stock, shares outstanding	36,297,576	36,297,576
Treasury stock, common, shares	1,084,431	1,084,431
Related Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt instrument unamortized discount	$ 3,918	$ 33,241
Others [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt instrument unamortized discount	$ 2,125	$ 15,761

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
COSTS AND EXPENSES
Administrative and general	$ 216,756	$ 183,015	$ 413,473	$ 383,308
Other	17,154	16,912	40,034	33,824
Total costs and expenses	233,910	199,927	453,507	417,132
Interest expense:
Other	114,981	68,904	261,058	177,953
Total other expense	214,380	167,385	466,230	448,137
NET LOSS	(448,290)	(367,312)	(919,737)	(865,269)
PREFERRED STOCK DIVIDENDS	(25,400)	(25,400)	(50,800)	(50,800)
NET LOSS APPLICABLE TO COMMON STOCKHOLDERS	$ (473,690)	$ (392,712)	$ (970,537)	$ (916,069)
Weighted average common shares outstanding - basic	36,297,576	36,297,576	36,297,576	36,297,576
Weighted average common shares outstanding - diluted	36,297,576	36,297,576	36,297,576	36,297,576
Net loss per common share - basic	$ (0.01)	$ (0.01)	$ (0.03)	$ (0.03)
Net loss per common share - diluted	$ (0.01)	$ (0.01)	$ (0.03)	$ (0.03)
Related Party [Member]
Interest expense:
Related parties	$ 99,399	$ 98,481	$ 205,172	$ 270,184

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Stockholders' Deficiency (Unaudited) - USD ($)	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Balance	$ (13,359,550)	$ (12,862,703)	$ (12,500,733)	$ (11,994,876)	$ (12,862,703)	$ (11,994,876)
Common stock to be issued in connection with notes payable - related parties	3,297			17,500
Dividends	(25,400)	(25,400)	(25,400)	(25,400)
Net loss	(448,290)	(471,447)	(367,312)	(497,957)	(919,737)	(865,269)
Balances	(13,809,029)	(13,359,550)	(12,893,445)	(12,500,733)	(13,809,029)	(12,893,445)
Common stock to be issued in connection with notes payable - others	20,914
Preferred Stock [Member]
Balance	$ 20,860	$ 20,860	$ 20,860	$ 20,860	$ 20,860	$ 20,860
Balance, shares	2,086,000	2,086,000	2,086,000	2,086,000	2,086,000	2,086,000
Common stock to be issued in connection with notes payable - related parties
Dividends
Net loss
Balances	$ 20,860	$ 20,860	$ 20,860	$ 20,860	$ 20,860	$ 20,860
Balance, shares	2,086,000	2,086,000	2,086,000	2,086,000	2,086,000	2,086,000
Common stock to be issued in connection with notes payable - others
Common Stock [Member]
Balance	$ 39,052	$ 39,052	$ 39,052	$ 39,052	$ 39,052	$ 39,052
Balance, shares	39,052,472	39,052,472	39,052,472	39,052,472	39,052,472	39,052,472
Common stock to be issued in connection with notes payable - related parties
Dividends
Net loss
Balances	$ 39,052	$ 39,052	$ 39,052	$ 39,052	$ 39,052	$ 39,052
Balance, shares	39,052,472	39,052,472	39,052,472	39,052,472	39,052,472	39,052,472
Common stock to be issued in connection with notes payable - others
Additional Paid-in Capital [Member]
Balance	36,663,780	$ 36,663,780	$ 36,139,578	$ 36,122,078	$ 36,663,780	$ 36,122,078
Common stock to be issued in connection with notes payable - related parties	3,297			17,500
Dividends
Net loss
Balances	36,687,991	36,663,780	36,139,578	36,139,578	36,687,991	36,139,578
Common stock to be issued in connection with notes payable - others	20,914
Unearned ESOP [Member]
Balance	$ (2,490,662)	$ (2,490,662)	$ (2,609,264)	$ (2,609,264)	$ (2,490,662)	$ (2,609,264)
Balance, shares	1,670,465	1,670,465	1,750,010	1,750,010	1,670,465	1,750,010
Common stock to be issued in connection with notes payable - related parties
Dividends
Net loss
Balances	$ (2,490,662)	$ (2,490,662)	$ (2,609,264)	$ (2,609,264)	$ (2,490,662)	$ (2,609,264)
Balance, shares	1,670,465	1,670,465	1,750,010	1,750,010	1,670,465	1,750,010
Common stock to be issued in connection with notes payable - others
Retained Earnings [Member]
Balance	(47,359,649)	$ (46,862,802)	$ (45,874,732)	$ (45,351,375)	$ (46,862,802)	$ (45,351,375)
Common stock to be issued in connection with notes payable - related parties
Dividends	(25,400)	(25,400)	(25,400)	(25,400)
Net loss	(448,290)	(471,447)	(367,312)	(497,957)
Balances	(47,833,339)	(47,359,649)	(46,267,444)	(45,874,732)	(47,833,339)	(46,267,444)
Common stock to be issued in connection with notes payable - others
Treasury Stock, Common [Member]
Balance	$ (232,931)	$ (232,931)	$ (216,227)	$ (216,227)	$ (232,931)	$ (216,227)
Balance, shares	1,084,431	1,084,431	1,004,886	1,004,886	1,084,431	1,004,886
Common stock to be issued in connection with notes payable - related parties
Dividends
Net loss
Balances	$ (232,931)	$ (232,931)	$ (216,227)	$ (216,227)	$ (232,931)	$ (216,227)
Balance, shares	1,084,431	1,084,431	1,004,886	1,004,886	1,084,431	1,004,886
Common stock to be issued in connection with notes payable - others

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net loss	$ (919,737)	$ (865,269)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization	42,959	32,168
Common stock to be issued in connection with interest on notes	24,211
Changes in operating assets and liabilities:
Other assets	(200,000)
Accounts payable and accrued expenses - related parties	339,160	458,064
Accounts payable and accrued expenses – other	362,028	298,709
Net cash used in operating activities	(351,379)	(76,328)
Cash flows from financing activities:
Proceeds from non-interest bearing advances from related parties		22,500
Net cash provided by financing activities		22,500
Net decrease in cash	(351,379)	(53,828)
Cash at beginning of period	426,124	55,885
Cash at end of period	74,745	2,057
Supplemental disclosure of cash flow information:
Cash paid for interest
Supplemental disclosure of non-cash financing activities:
Common stock to be issued in connection with notes payable - related parties	3,297	17,500
Common stock to be issued in connection with notes payable - others	20,914
Unpaid preferred stock dividends in accounts payable and accrued expenses	$ 50,800	$ 50,800

Organization and Business

Organization and Business	6 Months Ended
Organization and Business	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Business	Note 1. Organization and Business Diamondhead Casino Corporation (the “Company”) owns, through its wholly-owned subsidiary, Mississippi Gaming Corporation, an approximate 400-acre undeveloped property located at 7051 Interstate 10, Diamondhead, Mississippi 39525 (hereafter “the Diamondhead Property” or “the Property”). The Company’s intent was and is to construct a casino resort and other amenities on the Property unilaterally or in conjunction with one or more joint venture partners. However, the Company has been unable, to date, to obtain financing to move the project forward and/or enter into a joint venture partnership. There can be no assurance that the substantial funds required for the design and construction of the project can be obtained or that such funds can be obtained on acceptable terms. In addition, the Company has been unable to obtain financing to sustain the Company. Due to its lack of financial resources, the Company was forced to explore other alternatives, including a sale of part or all of the Property. The Company’s preference is to sell only part of the Property inasmuch as this would appear to be in the best interest of the stockholders of the Company. However, there can be no assurance the Company will be able to sell only part of the Property. The Company intends to continue to pursue a joint venture partnership and/or other financing while seeking a viable purchaser for part or all of the Property. Finally, there can be no assurance that if the requisite financing for the project were obtained and the project were constructed, that the project would be successful.

Liquidity and Going Concern

Liquidity and Going Concern	6 Months Ended
Liquidity and Going Concern	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Liquidity and Going Concern	Note 2. Liquidity and Going Concern These unaudited condensed consolidated financial statements have been prepared on the basis that the Company is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred losses over the past several years, has no operations, generates no operating revenues and as reflected in the accompanying unaudited condensed consolidated financial statements, incurred a net loss applicable to common stockholders of $ 970,537 916,069 47,833,339 The Company has had no operations since it ended its gambling cruise ship operations in 2000. Since that time, the Company has concentrated its efforts on the development of its Diamondhead, Mississippi property. That development is dependent upon the Company obtaining the necessary capital, through either equity and/or debt financing, unilaterally or in conjunction with one or more partners, to master plan, design, obtain permits for, construct, open, and operate a casino resort. In the past, in order to raise capital to continue to pay on-going costs and expenses, the Company has borrowed funds, through Private Placements of convertible instruments as well as through other secured notes which are more fully described in Notes 5 through 9 to these unaudited condensed consolidated financial statements. The Company is in default with respect to payment of both principal and interest under the terms of most of these instruments. In addition, at June 30, 2024, the Company had $ 14,339,699 74,745 200,000 The above conditions raise substantial doubt as to the Company’s ability to continue as a going concern.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
Summary of Significant Accounting Policies	Jun. 30, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 3. Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and in conformity with the instructions to Form 10-Q and Rule 8-03 of Regulation S-X and the related rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, certain information and note disclosures normally included in unaudited condensed consolidated financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. However, we believe that the disclosures included in these unaudited condensed consolidated financial statements are adequate to make the information presented not misleading. The unaudited condensed consolidated financial statements included in this document have been prepared on the same basis as the annual audited consolidated financial statements and, in our opinion, reflect all adjustments, which include normal recurring adjustments necessary for a fair presentation in accordance with GAAP and SEC regulations for interim financial statements. The results for the six months ended June 30, 2024 are not necessarily indicative of the results that we will have for any subsequent period. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes to those statements for the year ended December 31, 2023, attached to our annual report on Form 10-K. Principles of Consolidation The unaudited condensed consolidated financial statements include the accounts of Diamondhead Casino Corporation and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Land Land held for development is carried at cost. Costs directly related to site development, such as licensing, permitting, engineering, and other costs, are capitalized. Land development costs, which have been capitalized, consist of the following at June 30, 2024 and December 31, 2023: Schedule of Land Development Cost Capitalized June 30, December, 31 2024 2023 Land $ 4,691,430 $ 4,691,430 Licenses 77,000 77,000 Engineering and costs associated with permitting 464,774 464,774 Land development costs total $ 5,233,204 $ 5,233,204 Cooperative Energy, a Mississippi Electric Cooperative, sought and has now obtained a permanent easement along the northern portion of the Diamondhead Property on which to construct, maintain and operate electric transmission lines together with an access road. On or about May 24, 2023, Cooperative Energy filed a Complaint for Eminent Domain in the Special Court of Eminent Domain, Hancock County, Mississippi in which it named MGC and all persons and entities holding liens on the Diamondhead, Mississippi Property as defendants. On September 1, 2023, Cooperative Energy filed a Motion to Approve Settlement, an Amended Statement of Values and a Notice of Hearing for September 11, 2023. On September 26, 2023, the Court entered an Order Granting Plaintiff Right of Immediate Title and Possession. On October 17, 2023, the Court entered an Order Approving Settlement in the amount of $ 1,000,000 845,378 154,622 154,622 Management determined that the easement arrangement was outside the scope of ASC 842. Further, the Company determined that the easement reduced the value of the property by $ 242,893 757,107 1 Fair Value Measurements The Company follows the provisions of ASC Topic 820 “Fair Value Measurements” for financial assets and liabilities. This standard defines fair value, provides guidance for measuring fair value and requires certain disclosures. The standard discusses valuation techniques, such as the market approach (comparable market prices), the income approach (present value of future income or cash flow), and the cost approach (cost to replace the service capacity of an asset or replacement cost). The standard utilizes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those three levels: Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2: Input other than quoted prices that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active. Level 3: Unobservable input that reflects management’s own assumptions. Financial instruments included in current assets and liabilities are reported at carrying value in the unaudited condensed balance sheets, which approximate fair value due to their short-term nature. Long-Lived Assets The Company reviews long-lived assets whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. Recoverability of long-lived assets is measured by comparing the carrying amount of the assets to the estimated undiscounted future cash flows projected to be generated by the assets. If such assets are considered impaired, the impairment to be recognized is measured by the amount the carrying value exceeds the fair value of such assets determined by appraisal, discounted cash flow projections, or other means. No Net Loss per Common Share Basic loss per share is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding. Diluted earnings per share is calculated by using the weighted average number of common shares outstanding, plus other potentially dilutive securities. Potentially dilutive securities are excluded from the computation of diluted loss per shares since their effect would be antidilutive. Common shares outstanding consist of issued shares, including allocated and committed shares held by the ESOP trust, less shares held in treasury. The dilutive securities below do not include 5,055,555 The table below summarizes the components of potential dilutive securities at June 30, 2024 and 2023. Schedule of Components of Potential Dilutive Securities June 30, June 30, Description 2024 2023 Convertible Preferred Stock $ 260,000 $ 260,000 Options to purchase Common Shares 4,555,000 4,555,000 Total $ 4,815,000 $ 4,815,000 Recently Adopted Accounting Pronouncements On March 27, 2023, the FASB issued ASU 2023-01, which amends certain provisions of ASC 842 that apply to arrangements between related parties under common control. Specifically, the ASU: ● Offers private companies, as well as not-for-profit entities that are not conduit bond obligors, a practical expedient that gives them the option of using the written terms and conditions of a common-control arrangement when determining whether a lease exists and the subsequent accounting for the lease, including the lease’s classification ● Amends the accounting for leasehold improvements in common-control arrangements for all entities. The ASU is effective for fiscal years beginning after December 15, 2023. The ASU did not have any impact on the Company’s financial statements. No other recent accounting pronouncements were issued by FASB that are believed by management to have a material impact on the Company’s present or future financial statements.

Accounts Payable and Accrued Ex

Accounts Payable and Accrued Expenses	6 Months Ended
Accounts Payable and Accrued Expenses	Jun. 30, 2024
Payables and Accruals [Abstract]
Accounts Payable and Accrued Expenses	Note 4 Accounts Payable and Accrued Expenses The table below outlines the elements included in accounts payable and accrued expenses at June 30, 2024 and December 31, 2023: Schedule of Accounts Payable and Accrued Expenses June 30, December 31, 2024 2023 Related parties: Accrued payroll due officers 3,998,006 $ 3,869,711 Accrued interest due officers and directors 3,096,427 2,897,159 Accrued director fees 973,750 928,750 Base rents due to the President 403,276 403,276 Associated rental costs 216,380 198,983 Other 17,308 17,308 Total related parties $ 8,705,147 $ 8,315,187 Non-related parties: Accrued interest $ 3,339,467 $ 3,115,463 Accrued dividends 1,305,800 1,270,000 Accrued fines and penalties 651,175 578,775 Other 338,110 308,286 Total non-related parties $ 5,634,552 $ 5,272,524

Convertible Notes and Line of C

Convertible Notes and Line of Credit	6 Months Ended
Convertible Notes and Line of Credit	Jun. 30, 2024
Convertible Notes And Line Of Credit
Convertible Notes and Line of Credit	Note 5. Convertible Notes and Line of Credit Line of Credit In 2008, the Company entered into an agreement with an unrelated third party for an unsecured Line of Credit up to a maximum of $ 1,000,000 9 November 1, 2012 50,000 1.75 250,000 1.75 2,347,559 2,302,929 Convertible Notes Convertible Notes issued pursuant to the two Private Placements total $ 962,500 486,796 962,500 1,185,412 1,145,957 The table below summarizes the Company’s debt arising from the above-described sources as of June 30, 2024 and December 31, 2023: Schedule of Convertible Notes Payable June 30, June 30, 2024 2023 Private placements - March 1, 2010* $ 475,000 $ 475,000 Private placements - October 25, 2010 487,500 487,500 $ 962,500 $ 962,500 * Of the 2010 placements above, $ 75,000

Convertible Debentures

Convertible Debentures	6 Months Ended
Convertible Debentures	Jun. 30, 2024
Debt Disclosure [Abstract]
Convertible Debentures	Note 6. Convertible Debentures Pursuant to a Private Placement Memorandum dated February 14, 2014 (the “Private Placement”), the Company offered up to a maximum of $ 3,000,000 3,000,000 4 matured six years from the date of issuance (a) $ 1,000,000 3,333,333 .30 (b) $ 1,000,000 2,222,222 .45 (c) $ 1,000,000 1,818,182 1,333,333 .55 .75 The conversion rights on each issued Debenture carried an Anti-Dilution Provision. If the Company issued any shares of Common Stock or other securities after March 31, 2014 at a price per security that was less than the conversion price of a Debenture, then the Debenture would have had a new conversion price equal to the price per security that was less than the Conversion Price of the Debenture. The foregoing provision did not apply to the following: (a) The issuance of any of the other Debentures in the Offering or the issuance of shares of Common Stock upon conversion of any of the Debentures in the Offering. (b) The issuance of any shares of Common Stock if such issuance relates to an agreement, arrangement or grant to issue shares of Common Stock entered into by the Company prior to the Issue Date of the First Tranche Debentures in the Offering, including but not limited to, for example, previously issued convertible promissory notes, previously issued warrants, previously issued options to purchase Common Stock, or common stock vested or to be issued pursuant to a pre-existing Employee Stock Ownership Plan. The Anti-Dilution Provisions with respect to a Debenture terminate the earlier of (a) the date (if ever) the Company receives an “Approval to Proceed” from the Mississippi Gaming Commission to develop a casino/hotel on the Property, (b) the date on which the Debenture is converted in full, (c) the date on which the Debenture is paid in full, or (d) the Final Maturity Date of the Debenture (as defined in the Debenture). Since the issuance of the Debentures, there have been no events that would trigger the above anti-dilution provisions. When originally issued, in the event the Company failed to meet the conditions for conversion of the Debentures, the First Tranche Convertible Debentures, which total $ 950,000 , would have been due on March 31, 2020 and the Second Tranche Convertible Debentures, which total $ 850,000 , would have been due December 31, 2020 . The sole remaining non-convertible Debenture in the amount of $ 50,000 would have been due March 31, 2020 . However, the Company is in default with respect to interest payments due under the Debenture agreements in the amount of $ 427,081 and as a result, the Debentures payable are reported as current liabilities. Certain Debenture holders obtained a judgment for amounts due relating to their Debentures. Post judgment interest shall only apply to the $ 1.5 817,213 750,719

Short Term Notes and Interest-B

Short Term Notes and Interest-Bearing Advance	6 Months Ended
Short Term Notes and Interest-Bearing Advance	Jun. 30, 2024
Debt Disclosure [Abstract]
Short Term Notes and Interest-Bearing Advance	Note 7. Short Term Notes and Interest-Bearing Advance Promissory Notes On June 9, 2017, the Company entered into a Promissory Note with an unrelated lender in exchange for proceeds in the amount of $ 15,000 12.5 June 9, 2019 15,000 14,165 Bank Credit Facility Wells Fargo Bank provided an unsecured credit facility of up to $ 15,000 11.24 24.99 0 Interest Bearing Advances In 2016, the Company received cash advances totaling $ 47,500 22,500 four years 8 17,800 16,400 On February 2, 2017, the Company borrowed $ 25,000 12.5 3 7,212 6,644 Of the amounts discussed above, $ 47,500

Current Notes Payable Due Relat

Current Notes Payable Due Related Parties	6 Months Ended
Current Notes Payable Due Related Parties	Jun. 30, 2024
Current Notes Payable Due Related Parties
Current Notes Payable Due Related Parties	Note 8. Current Notes Payable Due Related Parties In 2016, the Company received cash advances totaling $ 47,500 25,000 four years 8 18,000 16,000 In the third quarter of 2016, the Chairman of the Board of Directors of the Company loaned the Company $ 90,000 14 four years 99,834 93,482 In July 2017, at the request of the Company, the current Chairman of the Board of Directors, who is also a Vice President of the Company (“the Chairman”), paid all property taxes due, together with all interest due thereon, to Hancock County, Mississippi on the approximate 400 67,628 The Chairman is one of the secured parties under that Land Deed of Trust recorded on September 26, 2014 in Hancock County, Mississippi, to secure Tranche I and Tranche II Debentures issued by the Company in 2014. Under paragraph 5 of the Land Deed of Trust, a secured party who advances sums for taxes due on the Property is secured by the same Land Deed of Trust, but only at that interest rate specified in the note representing the primary indebtedness, namely 4 The Chairman advanced the $ 67,628 4 11 11 0 35,000 100,000 100,000 78,330 69,527 In March of 2018, the Board of Directors voted to increase up to an additional $ 200,000 (i) the advance constitutes a lien on the Property with interest at 15% per annum; (ii) that the full interest of 15% per annum is payable during any calendar year in which all or part of the amount advanced is due and owing or interest due thereon remains unpaid; (iii) that this debt be evidenced by a separate promissory note and is to be included in and secured with a third lien that is to be placed on the Diamondhead Property to secure previous advances made to the Company (hereafter “the Third Lien”); (iv) that he be indemnified for any losses sustained on the sale of his common stock in an unrelated publicly-traded company to be sold to cover this advance based on a sales price of approximately $2.80 per share with a cap on the maximum loss per share to be at a sales price of $10.00 per share; and (v) that the Chairman’s previous indemnification approved by the Board of Directors on July 24, 2017 with respect to any loss on the sale of the same stock also be capped at a maximum of $10.00 per share. 35,000 On September 30, 2018, Mississippi Gaming Corporation issued a secured promissory note, due one year from the date of issue to the Chairman, for an amount up to $ 200,000 200,000 In November of 2018, the Board of Directors voted to increase up to an additional $ 100,000 200,000 In July 2020, the Chairman of the Board of the Company paid a total of $ 67,076 400 1,573 150,000 In May 2021, the Chairman of the Board of the Company paid a total of $ 62,610 400 1,468 100,000 On May 30, 2021, the Chairman of the Board of the Company loaned the Company $ 50,000 50,000 100,000 33,500 3,297 31,397 On February 17, 2023, the Board of Directors agreed to issue a non-interest bearing promissory note to the Chairman in the principal amount of $ 25,000 50,000 17,500 25,000 On July 28, 2023, the Board of Directors agreed to issue a non-interest bearing promissory note to the Chairman in the principal amount of $ 75,000 150,000 52,500 29,048 75,000 As of June 30, 2024, the Chairman had advanced a total of $ 467,953 16,250 409,622 349,415 On July 24, 2017, the President of the Company, who is a Director of the Company, agreed to advance the Company up to $ 20,000 100,000 interest of 15% per annum on the amount advanced and owing and that the full 15% interest per annum is payable during any calendar year in which all or part of the amount advanced and owing or interest due thereon remains unpaid; (ii) the obligation in the maximum principal amount of $100,000 with interest due thereon be treated as a secured debt of the Company, to be evidenced by a separate note and to be secured with a separate lien to be placed on the Diamondhead Property (“the Third Lien”) together with the Chairman’s Third Lien, as well as a first lien to be placed on the residential lot owned by the Company; (iii) that the Third Lien on the Diamondhead Property also include the two loans ($ 25,000 15,000 As of June 30, 2024, the President had advanced a total of $ 5,007 68,562 25,000 15,000 18,000 100,000 100,000 22,249 23,763 The third lien placed on the Diamondhead Property, which secures the above three promissory notes, is for a maximum of $ 400,000 300,000 100,000 The principal balance of the notes payable due to the officers and directors discussed above was $ 698,601 3,918 669,279 33,241

Notes Payable Due Others

Notes Payable Due Others	6 Months Ended
Notes Payable Due Others	Jun. 30, 2024
Notes Payable Due Others
Notes Payable Due Others	Note 9. Notes Payable Due Others In October 2017, the Company entered a settlement with a holder of $ 150,000 50,000 four-year 0 In December 2020, the Company entered into three promissory notes with unrelated lenders in exchange for an aggregate principal amount of $ 126,250 100,000 26,250 The notes are non-interest bearing and matured in December 2021, one year after the notes’ issuances. These notes are currently in default. In January and February 2021, the Company entered into two promissory notes with unrelated lenders in exchange for principal amounts of $ 25,000 31,250 50,000 6,250 In April and May 2021, the Company entered into three promissory notes with unrelated lenders in exchange for principal amounts of $ 70,000 25,000 25,000 100,000 20,000 In July 2021, the Company entered into a promissory note with an unrelated lender in exchange for the principal amount of $ 25,000 25,000 In November 2021, the Company entered into a promissory note with an unrelated lender in exchange for the principal amount of $ 50,000 50,000 In March 2022, unrelated third parties paid a total of $ 60,436 19,564 80,000 80,000 40,000 80,000 40,000 80,000 160,000 In April 2022, the Company entered into a promissory note with an unrelated lender in exchange for the principal amount of $ 50,000 50,000 From April 2021 to June 2022, thirteen liens were placed on the Property to secure the foregoing notes. There is a call for the issuance of a total of 760,000 22,050 102,000 98,000 On July 25, 2023 and August 8, 2023, the Company entered into two promissory notes with unrelated lenders in exchange for a principal amount of $ 20,000 40,000 40,000 27,200 13,563 20,000 During the six months ended June 30, 2024 and 2023, $ 13,563 24,935 555,376 541,739 In May 2024, the Company agreed to pay additional interest and issue additional shares of common stock for certain noteholders based on the dates the respective notes entered into default. As of June 30, 2024, the Company recorded $ 20,914 199,183 23,973

Long Term Notes and Interest-Be

Long Term Notes and Interest-Bearing Advance	6 Months Ended
Long Term Notes and Interest-Bearing Advance	Jun. 30, 2024
Debt Disclosure [Abstract]
Long Term Notes and Interest-Bearing Advance	Note 10. Long Term Notes and Interest-Bearing Advance Promissory Notes On June 9, 2017, the Company entered into a Promissory Note with an unrelated lender in exchange for proceeds in the amount of $ 15,000 12.5 June 9, 2019 15,000

Related Party Transactions

Related Party Transactions	6 Months Ended
Related Party Transactions	Jun. 30, 2024
Related Party Transactions [Abstract]
Related Party Transactions	Note 11. Related Party Transactions As of June 30, 2024, the President of the Company is owed deferred salary in the amount of $ 3,791,996 121,140 9 171,112 2,408,952 2,237,878 The Company has a month-to-month lease with the President and then-Chairman of the Board of Directors of the Company, for office space owned by the President in Alexandria, Virginia. The lease calls for monthly base rent in the amount of $ 4,534 Rent expense associated with this lease amounted to base rent in the amount of $ 27,204 17,398 44,602 27,204 16,475 43,679 27,204 0 619,656 602,252 Directors of the Company are entitled to a director’s fee of $ 15,000 973,750 928,750 On February 4, 2022, the Board of Directors entered into an agreement with the Chairman of the Board of Directors, to issue 35,000 0 On February 17, 2023, the Board of Directors agreed to issue a non-interest bearing promissory note to the Chairman in the principal amount of $ 25,000 50,000 On July 28, 2023, the Board of Directors agreed to issue a non-interest bearing promissory note to the Chairman in the principal amount of $ 75,000 150,000 25,000 75,000 On November 1, 2023, as previously agreed, the Company paid the Chairman the $ 25,000 advanced and the $ 75,000 advanced out of the proceeds of the eminent domain settlement. See Notes 4, 5, 7, 8 and 12 for other related party transactions.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 12. Commitments and Contingencies Liens As of June 30, 2024, the Company had placed twenty-one liens on the Company’s Diamondhead, Mississippi Property (“the Property”). No additional liens have been filed as of the filing of this report. The liens are as follows: In September of 2014, a first lien was placed on the Property pursuant to a Private Placement dated February 14, 2014, as amended, to secure certain obligations of the Company. The first lien is composed of an (i) Executives Lien and (ii) an Investors’ Lien. The liens are in pari passu On March 31, 2014, the Company issued $ 1 850,000 1,850,000 pari passu 2,000,000 On December 16, 2016, the Company filed a second lien on the Property in the maximum amount of $ 250,000 137,500 On August 21, 2018, the Company filed a third lien on the Property in the maximum amount of $ 400,000 On January 26, 2021, the Company filed a fourth lien on the Property in the amount of $ 2,000,000 2,000,000 On February 17, 2021, the Company filed a fifth lien in the amount of $ 658,750 658,750 In April 2021, the Company filed six liens on the Property to secure six non-interest-bearing notes payable to be issued to six lenders bringing total liens on the Property to eleven. The six notes issued total $ 252,500 250,000 In June 2021, the Company filed a twelfth and thirteenth liens on the Property to secure two non-interest bearing notes issued in May of 2021 which total $ 50,000 100,000 In July 2021, the Company filed a fourteenth lien on the Property to secure a promissory note in the amount of $ 150,000 In July 2021, the Company filed a fifteenth lien on the Property to secure a promissory note in the amount of $ 100,000 In July 2021, the Company filed a sixteenth lien on the Property to secure a non-interest bearing note issued to the Chairman of the Board in May 2021 which totals $ 50,000 100,000 In July 2021, the Company filed a seventeenth lien on the Property to secure a non-interest bearing note issued to a lender, which totals $ 25,000 50,000 In November 2021, the Company filed an eighteenth lien on the Property to secure a non-interest bearing note issued in November 2021 which totals $ 50,000 100,000 In March 2022, the Company filed a nineteenth and twentieth lien on the Property to secure two non-interest bearing notes issued in March of 2022 which total $ 80,000 160,000 In May 2022, the Company filed a twenty-first lien on the Property to secure a non-interest bearing note issued in April of 2022 which totals $ 50,000 100,000 Other The Company is currently delinquent in filing those documents and forms required to be filed in connection with its Employee Stock Ownership Plan (“ESOP”) for the years ended December 31, 2023, 2022, 2021, 2020, 2019, 2018, 2017, 2016 and 2015. The Company did not have the funds to pay professionals to prepare, audit and file these documents and forms when due. Although these required filings normally do not result in any tax due to an agency of the government, the Company could be subject to significant penalties for failure to file these forms when due. Penalties are assessed by the Department of Labor on a per diem basis from the original due dates for the required informational filings until the filings are actually made. The Company has accrued $ 651,175 578,775 The Company and its subsidiaries file their federal tax return on a consolidated basis. The Company has not filed its federal tax returns for the years ended December 31, 2023, 2022, 2021, 2020, 2019, 2018, 2017 and 2016. The Company has retained an accountant to prepare its federal tax returns. The Company believes no tax will be due with these federal returns. The Company has not filed its annual reports together with its franchise tax due with the state of Delaware for 2023, 2022, 2021, 2020, 2019 and 2018. Mississippi Gaming Corporation, a wholly owned subsidiary of the Company, has not filed its annual reports, together with its franchise tax due, with the state of Delaware for 2022, 2021, 2020, 2019 and 2018. Casino World, Inc., a wholly owned subsidiary of the Company, has not filed its annual reports, together with its franchise tax due, with the state of Delaware for 2023, 2022, 2021, 2020, 2019, 2018, 2017 and 2016. Mississippi Gaming Corporation has not filed its corporate income and franchise tax returns, together with the tax due, with the state of Mississippi for 2023, 2022, 2021, 2020, 2019, or 2018. Casino World, Inc. has not filed its corporate income and franchise tax returns, together with the tax due, with the state of Mississippi for 2023, 2022, 2021, 2020, 2019, 2018, 2017 and 2016. As of June 30, 2024, the accrued franchise taxes for Delaware and Mississippi totaled $ 16,660 Management Agreement On June 19, 1993, two subsidiaries of the Company, Casino World Inc. and Mississippi Gaming Corporation, entered into a Management Agreement with Casinos Austria Maritime Corporation (CAMC). Subject to certain conditions, under the Management Agreement, CAMC would operate on an exclusive basis, all of the Company’s proposed dockside gaming casinos in the State of Mississippi, including any operation fifty percent (50%) or more of which is owned by the Company or its affiliates. Unless terminated earlier pursuant to the provisions of the Agreement, the Agreement terminates five years from the first day of actual Mississippi gaming operations and provides for the payment of an annual operational term management fee of 1.2% of all gross gaming revenues between zero and $100,000,000; plus 0.75% of gross gaming revenue between $100,000,000 and $140,000,000; plus 0.5% of gross gaming revenue above $140,000,000; plus two percent of the net gaming revenue between zero and $25,000,000; plus three percent of the net gaming revenue above twenty-five million dollars $25,000,000. The Company believes this Agreement is no longer in effect. However, there can be no assurance that CAMC will not attempt to maintain otherwise which would lead to litigation

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
Summary of Significant Accounting Policies (Policies)	Jun. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and in conformity with the instructions to Form 10-Q and Rule 8-03 of Regulation S-X and the related rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, certain information and note disclosures normally included in unaudited condensed consolidated financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. However, we believe that the disclosures included in these unaudited condensed consolidated financial statements are adequate to make the information presented not misleading. The unaudited condensed consolidated financial statements included in this document have been prepared on the same basis as the annual audited consolidated financial statements and, in our opinion, reflect all adjustments, which include normal recurring adjustments necessary for a fair presentation in accordance with GAAP and SEC regulations for interim financial statements. The results for the six months ended June 30, 2024 are not necessarily indicative of the results that we will have for any subsequent period. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes to those statements for the year ended December 31, 2023, attached to our annual report on Form 10-K.
Principles of Consolidation	Principles of Consolidation The unaudited condensed consolidated financial statements include the accounts of Diamondhead Casino Corporation and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.
Estimates	Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Land	Land Land held for development is carried at cost. Costs directly related to site development, such as licensing, permitting, engineering, and other costs, are capitalized. Land development costs, which have been capitalized, consist of the following at June 30, 2024 and December 31, 2023: Schedule of Land Development Cost Capitalized June 30, December, 31 2024 2023 Land $ 4,691,430 $ 4,691,430 Licenses 77,000 77,000 Engineering and costs associated with permitting 464,774 464,774 Land development costs total $ 5,233,204 $ 5,233,204 Cooperative Energy, a Mississippi Electric Cooperative, sought and has now obtained a permanent easement along the northern portion of the Diamondhead Property on which to construct, maintain and operate electric transmission lines together with an access road. On or about May 24, 2023, Cooperative Energy filed a Complaint for Eminent Domain in the Special Court of Eminent Domain, Hancock County, Mississippi in which it named MGC and all persons and entities holding liens on the Diamondhead, Mississippi Property as defendants. On September 1, 2023, Cooperative Energy filed a Motion to Approve Settlement, an Amended Statement of Values and a Notice of Hearing for September 11, 2023. On September 26, 2023, the Court entered an Order Granting Plaintiff Right of Immediate Title and Possession. On October 17, 2023, the Court entered an Order Approving Settlement in the amount of $ 1,000,000 845,378 154,622 154,622 Management determined that the easement arrangement was outside the scope of ASC 842. Further, the Company determined that the easement reduced the value of the property by $ 242,893 757,107 1
Fair Value Measurements	Fair Value Measurements The Company follows the provisions of ASC Topic 820 “Fair Value Measurements” for financial assets and liabilities. This standard defines fair value, provides guidance for measuring fair value and requires certain disclosures. The standard discusses valuation techniques, such as the market approach (comparable market prices), the income approach (present value of future income or cash flow), and the cost approach (cost to replace the service capacity of an asset or replacement cost). The standard utilizes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those three levels: Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2: Input other than quoted prices that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active. Level 3: Unobservable input that reflects management’s own assumptions. Financial instruments included in current assets and liabilities are reported at carrying value in the unaudited condensed balance sheets, which approximate fair value due to their short-term nature.
Long-Lived Assets	Long-Lived Assets The Company reviews long-lived assets whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. Recoverability of long-lived assets is measured by comparing the carrying amount of the assets to the estimated undiscounted future cash flows projected to be generated by the assets. If such assets are considered impaired, the impairment to be recognized is measured by the amount the carrying value exceeds the fair value of such assets determined by appraisal, discounted cash flow projections, or other means. No
Net Loss per Common Share	Net Loss per Common Share Basic loss per share is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding. Diluted earnings per share is calculated by using the weighted average number of common shares outstanding, plus other potentially dilutive securities. Potentially dilutive securities are excluded from the computation of diluted loss per shares since their effect would be antidilutive. Common shares outstanding consist of issued shares, including allocated and committed shares held by the ESOP trust, less shares held in treasury. The dilutive securities below do not include 5,055,555 The table below summarizes the components of potential dilutive securities at June 30, 2024 and 2023. Schedule of Components of Potential Dilutive Securities June 30, June 30, Description 2024 2023 Convertible Preferred Stock $ 260,000 $ 260,000 Options to purchase Common Shares 4,555,000 4,555,000 Total $ 4,815,000 $ 4,815,000
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements On March 27, 2023, the FASB issued ASU 2023-01, which amends certain provisions of ASC 842 that apply to arrangements between related parties under common control. Specifically, the ASU: ● Offers private companies, as well as not-for-profit entities that are not conduit bond obligors, a practical expedient that gives them the option of using the written terms and conditions of a common-control arrangement when determining whether a lease exists and the subsequent accounting for the lease, including the lease’s classification ● Amends the accounting for leasehold improvements in common-control arrangements for all entities. The ASU is effective for fiscal years beginning after December 15, 2023. The ASU did not have any impact on the Company’s financial statements. No other recent accounting pronouncements were issued by FASB that are believed by management to have a material impact on the Company’s present or future financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
Summary of Significant Accounting Policies (Tables)	Jun. 30, 2024
Accounting Policies [Abstract]
Schedule of Land Development Cost Capitalized	Land development costs, which have been capitalized, consist of the following at June 30, 2024 and December 31, 2023: Schedule of Land Development Cost Capitalized June 30, December, 31 2024 2023 Land $ 4,691,430 $ 4,691,430 Licenses 77,000 77,000 Engineering and costs associated with permitting 464,774 464,774 Land development costs total $ 5,233,204 $ 5,233,204
Schedule of Components of Potential Dilutive Securities	The table below summarizes the components of potential dilutive securities at June 30, 2024 and 2023. Schedule of Components of Potential Dilutive Securities June 30, June 30, Description 2024 2023 Convertible Preferred Stock $ 260,000 $ 260,000 Options to purchase Common Shares 4,555,000 4,555,000 Total $ 4,815,000 $ 4,815,000

Accounts Payable and Accrued _2

Accounts Payable and Accrued Expenses (Tables)	6 Months Ended
Accounts Payable and Accrued Expenses (Tables)	Jun. 30, 2024
Payables and Accruals [Abstract]
Schedule of Accounts Payable and Accrued Expenses	The table below outlines the elements included in accounts payable and accrued expenses at June 30, 2024 and December 31, 2023: Schedule of Accounts Payable and Accrued Expenses June 30, December 31, 2024 2023 Related parties: Accrued payroll due officers 3,998,006 $ 3,869,711 Accrued interest due officers and directors 3,096,427 2,897,159 Accrued director fees 973,750 928,750 Base rents due to the President 403,276 403,276 Associated rental costs 216,380 198,983 Other 17,308 17,308 Total related parties $ 8,705,147 $ 8,315,187 Non-related parties: Accrued interest $ 3,339,467 $ 3,115,463 Accrued dividends 1,305,800 1,270,000 Accrued fines and penalties 651,175 578,775 Other 338,110 308,286 Total non-related parties $ 5,634,552 $ 5,272,524

Convertible Notes and Line of_2

Convertible Notes and Line of Credit (Tables)	6 Months Ended
Convertible Notes and Line of Credit (Tables)	Jun. 30, 2024
Convertible Notes And Line Of Credit
Schedule of Convertible Notes Payable	The table below summarizes the Company’s debt arising from the above-described sources as of June 30, 2024 and December 31, 2023: Schedule of Convertible Notes Payable June 30, June 30, 2024 2023 Private placements - March 1, 2010* $ 475,000 $ 475,000 Private placements - October 25, 2010 487,500 487,500 $ 962,500 $ 962,500 * Of the 2010 placements above, $ 75,000

Liquidity and Going Concern (De

Liquidity and Going Concern (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
Liquidity and Going Concern (Details Narrative) - USD ($)	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net income (loss) available to common stockholders, basic	$ 473,690	$ 392,712	$ 970,537	$ 916,069
Accumulated deficit	47,833,339		47,833,339		$ 46,862,802
Accounts payable and accrued expenses	14,339,699		14,339,699
Cash on hand	74,745		74,745		$ 426,124
Deposit	$ 200,000		$ 200,000

Schedule of Land Development Co

Schedule of Land Development Cost Capitalized (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Product Information [Line Items]
Land development costs total	$ 5,233,204	$ 5,233,204
Land [Member]
Product Information [Line Items]
Land development costs total	4,691,430	4,691,430
Licenses [Member]
Product Information [Line Items]
Land development costs total	77,000	77,000
Engineering and Costs Associated with Permitting [Member]
Product Information [Line Items]
Land development costs total	$ 464,774	$ 464,774

Schedule of Components of Poten

Schedule of Components of Potential Dilutive Securities (Details) - shares	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	4,815,000	4,815,000
Convertible Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	260,000	260,000
Options to Purchase Common Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	4,555,000	4,555,000

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details Narrative) - USD ($)			6 Months Ended		12 Months Ended
	Oct. 20, 2023	Oct. 17, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Litigation settlement amount		$ 1,000,000
Litigation settlement amount received	$ 845,378
Litigation settlement remaining	$ 154,622
Other receivables			$ 154,622		$ 154,622
Impairment of long lived assets			$ 0		$ 0
Potentially convertible Debentures			4,815,000	4,815,000
Convertible Debt [Member]
Property, Plant and Equipment [Line Items]
Potentially convertible Debentures			5,055,555
Land [Member]
Property, Plant and Equipment [Line Items]
Reduction of easement value			$ 242,893
Remaining gain on condemnation			757,107
Total easement value			$ 1,000,000

Schedule of Accounts Payable an

Schedule of Accounts Payable and Accrued Expenses (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Accrued interest	$ 23,973
Related Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Accrued payroll due officers	3,998,006	$ 3,869,711
Accrued interest	3,096,427	2,897,159
Accrued director fees	973,750	928,750
Base rents due to the President	403,276	403,276
Associated rental costs	216,380	198,983
Other	17,308	17,308
Total related parties	8,705,147	8,315,187
Nonrelated Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Accrued interest	3,339,467	3,115,463
Other	338,110	308,286
Accrued dividends	1,305,800	1,270,000
Accrued fines and penalties	651,175	578,775
Total non-related parties	$ 5,634,552	$ 5,272,524

Schedule of Convertible Notes P

Schedule of Convertible Notes Payable (Details) - Convertible Promissory Note [Member] - USD ($)		Jun. 30, 2024	Dec. 31, 2023
March 1, 2010 Private Placement [Member]
Short-Term Debt [Line Items]
Convertible notes payable	[1]	$ 475,000	$ 475,000
October 25, 2010 Private Placement [Member]
Short-Term Debt [Line Items]
Convertible notes payable		487,500	487,500
Private Placement [Member]
Short-Term Debt [Line Items]
Convertible notes payable		$ 962,500	$ 962,500

[1]Of the 2010 placements above, $ 75,000

Schedule of Convertible Notes_2

Schedule of Convertible Notes Payable (Details) (Parenthetical) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
2010 Private Placement [Member] \| Convertible Promissory Note [Member]
Short-Term Debt [Line Items]
Due to a related party	$ 75,000	$ 75,000

Convertible Notes and Line of_3

Convertible Notes and Line of Credit (Details Narrative) - USD ($)		12 Months Ended
	Nov. 30, 2020	Dec. 31, 2008	Jun. 30, 2024	Dec. 31, 2023
Private Placement [Member] \| Convertible Promissory Note [Member]
Convertible Notes Payable, Current			$ 962,500	$ 962,500
Debt Instrument, Periodic Payment	$ 486,796
Interest Payable			1,185,412	1,145,957
Line of Credit [Member]
Line of credit facility maximum borrowing capacity		$ 1,000,000
Line of credit facility interest rate during period		9%
Line of credit facility expiration date		Nov. 01, 2012
Number of options awarded		50,000
Weighted average grant date fair value		$ 1.75
Total unpaid principal and accrued interest due on obligation			$ 2,347,559	$ 2,302,929
Line of Credit [Member] \| Maximum [Member] \| Lender [Member]
Number of options awarded		250,000
Weighted average grant date fair value		$ 1.75

Convertible Debentures (Details

Convertible Debentures (Details Narrative) - USD ($)		6 Months Ended	12 Months Ended
Convertible Debentures (Details Narrative) - USD ($)	Oct. 17, 2023	Jun. 30, 2024	Mar. 31, 2023	Dec. 31, 2023	Oct. 31, 2017	Sep. 26, 2014
Debt Instrument [Line Items]
Debt principal amount					$ 150,000
Debt interest rate						4%
Convertible debt		$ 1,800,000		$ 1,800,000
Litigation Settlement, Fee Expense	$ 1,000,000
Settlement Ageemet [Member]
Debt Instrument [Line Items]
Litigation Settlement, Fee Expense			$ 1,500,000
February 14, 2014 Private Placement [Member] \| Convertible Debt Securities [Member] \| Tranche 1 [Member]
Debt Instrument [Line Items]
Debt instrument, maturity date description		due on March 31, 2020
Collateralized convertible senior debentures		$ 1,000,000
Conversion of debenture into shares of common stock		3,333,333
Debt instrument, convertible, conversion price		$ 0.30
Convertible debt		$ 950,000
February 14, 2014 Private Placement [Member] \| Convertible Debt Securities [Member] \| Tranche 2 [Member]
Debt Instrument [Line Items]
Debt instrument, maturity date description		due December 31, 2020
Collateralized convertible senior debentures		$ 1,000,000
Conversion of debenture into shares of common stock		2,222,222
Debt instrument, convertible, conversion price		$ 0.45
Convertible debt		$ 850,000
February 14, 2014 Private Placement [Member] \| Convertible Debt Securities [Member] \| Tranche 3 [Member]
Debt Instrument [Line Items]
Collateralized convertible senior debentures		$ 1,000,000
February 14, 2014 Private Placement [Member] \| Convertible Debt Securities [Member] \| Tranche 3 [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Conversion of debenture into shares of common stock		1,818,182
Debt instrument, convertible, conversion price		$ 0.55
February 14, 2014 Private Placement [Member] \| Convertible Debt Securities [Member] \| Tranche 3 [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Conversion of debenture into shares of common stock		1,333,333
Debt instrument, convertible, conversion price		$ 0.75
February 14, 2014 Private Placement [Member] \| Non Convertible Senior Debentures [Member]
Debt Instrument [Line Items]
Debt instrument, maturity date description		due March 31, 2020
Convertible debt		$ 50,000
February 14, 2014 Private Placement [Member] \| Convertable Senior Debentures [Member]
Debt Instrument [Line Items]
Maximum offering amount		3,000,000
Debt principal amount		$ 3,000,000
February 14, 2014 Private Placement [Member] \| Convertible Senior Debentures [Member]
Debt Instrument [Line Items]
Debt interest rate		4%
Debt instrument, maturity date description		matured six years from the date of issuance
Convertible Debentures [Member]
Debt Instrument [Line Items]
Debt default with debt amount		$ 427,081
Interest Payable		$ 817,213		$ 750,719

Short Term Notes and Interest_2

Short Term Notes and Interest-Bearing Advance (Details Narrative) - USD ($)				3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 09, 2017	Feb. 02, 2017	Aug. 25, 2016	Dec. 31, 2023	Jun. 30, 2024	Dec. 31, 2016	Nov. 28, 2023	Sep. 26, 2014
Short-Term Debt [Line Items]
Debt interest rate								4%
Short term notes and interest bearing advance		$ 47,500
Unrelated Third Party [Member]
Short-Term Debt [Line Items]
Debt interest rate		12.50%
Accrued interest				$ 6,644	$ 7,212
Short term notes and interest bearing advance		$ 25,000
Seven Lenders [Member]
Short-Term Debt [Line Items]
Debt interest rate			8%
Accrued interest				16,000	18,000
Cash received advances						$ 47,500
Debt matures term			4 years
Third Parties [Member]
Short-Term Debt [Line Items]
Cash received advances						$ 22,500
Seven Lenders and Third Parties [Member]
Short-Term Debt [Line Items]
Debt interest rate			8%
Accrued interest				16,400	17,800
Debt matures term			4 years
Lender [Member]
Short-Term Debt [Line Items]
Increase in interest rate per annum		3%
Promissory Note [Member]
Short-Term Debt [Line Items]
Proceeds from notes payable	$ 15,000
Debt interest rate	12.50%
Due date	Jun. 09, 2019
Repaid principal amount				15,000
Accrued interest				14,165			$ 15,000
Bank Credit Facility [Member]
Short-Term Debt [Line Items]
Line of credit facility, maximum borrowing capacity					15,000
Line of credit				$ 0	$ 0
Bank Credit Facility [Member] \| Direct Charges [Member]
Short-Term Debt [Line Items]
Line of credit commitment fee percent rate					11.24%
Bank Credit Facility [Member] \| Cash Advanced Through The Facility [Member]
Short-Term Debt [Line Items]
Line of credit commitment fee percent rate					24.99%

Current Notes Payable Due Rel_2

Current Notes Payable Due Related Parties (Details Narrative)										1 Months Ended							3 Months Ended			6 Months Ended		12 Months Ended
	Nov. 01, 2023 USD ($)	Jul. 28, 2023 USD ($) shares	Feb. 17, 2023 USD ($) shares	Feb. 04, 2022 shares	May 30, 2021 USD ($) shares	Sep. 30, 2018 USD ($)	Aug. 21, 2018 USD ($)	Jul. 24, 2017 USD ($)	Aug. 25, 2016	Mar. 31, 2022 USD ($) shares	May 31, 2021 USD ($) a	Jul. 31, 2020 USD ($) a	Mar. 31, 2019 USD ($)	Nov. 30, 2018 USD ($)	Mar. 31, 2018 USD ($)	Jul. 31, 2017 USD ($) a	Jun. 30, 2024 USD ($)	Mar. 31, 2023 USD ($)	Sep. 30, 2016 USD ($)	Jun. 30, 2024 USD ($) shares	Jun. 30, 2023 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2021 USD ($)	Oct. 31, 2017 USD ($)	Sep. 26, 2014
Debt instrument interest rate stated percentage																										4%
Proceeds from related parties																					$ 22,500
Issuance of shares \| shares																				31,397
Debt instrument face amount																									$ 150,000
Number of stock issued, value																				$ 3,297
Fair value of the stock																	$ 3,297	$ 17,500
Proceeds from eminent domain settlement	$ 25,000
Eminent domain settlement	75,000
Due from officers or stockholders																	154,622			154,622			$ 154,622
Board of Directors Chairman [Member]
Area of land, owned \| a											400	400
Proceeds from repayments of secured debt													$ 200,000	$ 100,000
Issuance of shares \| shares			50,000		100,000
Debt instrument face amount			$ 25,000		$ 50,000
Taxes payable											$ 62,610	$ 67,076
Property related fees											1,468	1,573
Debt instrument periodic payment principal					50,000
Fair value of the stock					$ 33,500
Fair value of the stock			$ 17,500
Repayments of Related Party Debt	$ 25,000
Board of Directors Chairman [Member] \| July 28, 2023 [Member]
Issuance of shares \| shares		150,000
Debt instrument face amount		$ 75,000
Fair value of the stock		$ 52,500
Debt discount amortized interest expense																				29,048
Board of Directors Chairman [Member] \| July, 2021 [Member]
Proceeds from secured debt											$ 100,000	$ 150,000
Board of Directors Chairman [Member] \| March 2018 and March 2019 [Member]
Interest payable current and noncurrent																	409,622			409,622			349,415
Debt instrument face amount																	$ 467,953			467,953
Repayments of Related Party Debt																				$ 16,250
President [Member]
Debt instrument interest rate stated percentage																	9%			9%
Interest payable current and noncurrent																	$ 22,249			$ 22,249			23,763
Secured obligation							$ 100,000
Repayments of debt																				68,562
Other accrued liabilities current and noncurrent																	18,000			18,000
President [Member] \| Loan One [Member]
Line of credit															$ 25,000		25,000			25,000
President [Member] \| Loan Two [Member]
Line of credit															15,000		15,000			15,000
Related Party [Member]
Debt instrument, unamortized discount																	3,918			3,918			33,241
Maximum [Member] \| Board of Directors [Member]
Proceeds from repayments of secured debt															$ 100,000
Proceeds from repayment of related party debt								$ 20,000
Related party transaction terms and manner of settlement															interest of 15% per annum on the amount advanced and owing and that the full 15% interest per annum is payable during any calendar year in which all or part of the amount advanced and owing or interest due thereon remains unpaid; (ii) the obligation in the maximum principal amount of $100,000 with interest due thereon be treated as a secured debt of the Company, to be evidenced by a separate note and to be secured with a separate lien to be placed on the Diamondhead Property (“the Third Lien”) together with the Chairman’s Third Lien, as well as a first lien to be placed on the residential lot owned by the Company; (iii) that the Third Lien on the Diamondhead Property also include the two loans ($25,000 and $15,000) and interest due thereon and credit facilities in the maximum amount of $15,000; and (iv) that the foregoing will be treated as advances to be paid out of any subsequent incoming financing obtained by the Company or any amounts recovered by the Company from a defendant in that collection action brought by the Company in the Circuit Court of Montgomery County, Maryland.
Maximum [Member] \| President [Member]
Proceeds from repayments of secured debt						$ 100,000
Fair Value, Inputs, Level 1 [Member]
Derivative fair value of derivative net																								$ 0
Payable During any Calendar Year [Member]
Debt instrument interest rate stated percentage																										11%
Mississippi Gaming Corporation [Member] \| Board of Directors Chairman [Member]
Issuance of shares \| shares				35,000
Mississippi Gaming Corporation [Member] \| Maximum [Member] \| Board of Directors Chairman [Member]
Debt instrument face amount						200,000
Diamondhead Casino Corporation [Member] \| Board of Directors Chairman [Member]
Secured obligation							200,000
Mississippi Property [Member]
Issuance of shares \| shares										160,000
Debt instrument face amount										$ 80,000
Taxes payable										60,436
Repayments of Related Party Debt										$ 80,000
Diamond Head Property [Member] \| Maximum [Member]
Proceeds from repayments of secured debt																				400,000
Seven Lenders [Member]
Cash received from advances																						$ 47,500
Debt instrument term									4 years
Debt instrument interest rate stated percentage									8%
Interest payable current and noncurrent																	18,000			18,000			16,000
Three Current Directors [Member]
Cash received from advances																						$ 25,000
Board of Directors Chairman [Member]
Debt instrument term									4 years
Debt instrument interest rate stated percentage									14%
Interest payable current and noncurrent																	99,834			99,834			93,482
Proceeds from related parties																			$ 90,000
Proceeds from repayments of secured debt															$ 200,000
Terms on advances from chairman description															(i) the advance constitutes a lien on the Property with interest at 15% per annum; (ii) that the full interest of 15% per annum is payable during any calendar year in which all or part of the amount advanced is due and owing or interest due thereon remains unpaid; (iii) that this debt be evidenced by a separate promissory note and is to be included in and secured with a third lien that is to be placed on the Diamondhead Property to secure previous advances made to the Company (hereafter “the Third Lien”); (iv) that he be indemnified for any losses sustained on the sale of his common stock in an unrelated publicly-traded company to be sold to cover this advance based on a sales price of approximately $2.80 per share with a cap on the maximum loss per share to be at a sales price of $10.00 per share; and (v) that the Chairman’s previous indemnification approved by the Board of Directors on July 24, 2017 with respect to any loss on the sale of the same stock also be capped at a maximum of $10.00 per share.
Issuance of shares \| shares				35,000
Board of Directors Chairman [Member] \| Maximum [Member]
Proceeds from repayments of secured debt						$ 100,000
Board of Directors Chairman [Member] \| Mississippi Gaming Corporation [Member]
Interest payable current and noncurrent																	78,330			78,330			69,527
Increase decrease in property and other taxes payable																$ 67,628
Shares issued \| shares				35,000
Secured obligation							$ 100,000
Board of Directors Chairman [Member] \| Mississippi Property [Member]
Area of land, owned \| a																400
Notes payable																$ 67,628
Board of Directors Chairman [Member] \| Diamond Head Property [Member]
Proceeds from repayments of secured debt																				300,000
President [Member] \| Related Party [Member]
Due from officers or stockholders																	5,007			5,007
President [Member] \| Diamond Head Property [Member]
Proceeds from repayments of secured debt																				100,000
Officers and Directors [Member]
Notes payable																	33,241			33,241			33,241
Debt instrument face amount																	698,601			698,601
Debt instrument, unamortized discount																	$ 3,918			$ 3,918			$ 669,279

Notes Payable Due Others (Detai

Notes Payable Due Others (Details Narrative) - USD ($)				1 Months Ended										6 Months Ended		15 Months Ended
Notes Payable Due Others (Details Narrative) - USD ($)	Nov. 01, 2023	Aug. 08, 2023	Jul. 25, 2023	Apr. 30, 2022	Mar. 31, 2022	Nov. 30, 2021	Jul. 31, 2021	May 31, 2021	Apr. 30, 2021	Feb. 28, 2021	Jan. 31, 2021	Dec. 31, 2020	Oct. 31, 2017	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Sep. 26, 2014
Principal amount													$ 150,000
Debt instrument percentage																				4%
Number of stock issued, shares														31,397
Number of stock issued, value														$ 3,297
Proceeds from eminent settlement	$ 25,000
Accrued interest payable														$ 23,973
Common Stock [Member]
Number of stock issued, shares														199,183
Number of stock issued, value														$ 20,914
Mississippi Property [Member]
Principal amount					$ 80,000
Taxes payable current and noncurrent					60,436
Additional loan amount					$ 19,564
Number of stock issued, shares					160,000
Repayment of related party debt					$ 80,000
Mississippi Property [Member] \| Secured Promissory Notes [Member]
Principal amount					$ 80,000
Number of stock issued, shares					80,000
Mississippi Property [Member] \| Secured Promissory Notes Two [Member]
Principal amount					$ 40,000
Number of stock issued, value					$ 40,000
Thirteen Liens [Member]
Debt instrument unamortized discount																			$ 102,000
Number of stock issued, shares																760,000
Debt instrument, call feature																There is a call for the issuance of a total of 760,000 shares of common stock in connection with the notes and liens, however, no shares have been issued to date.
Liabilities fair value adjustment												$ 22,050
Fair value of the stock pertaining to debt																		$ 98,000
Lender Two [Member]
Fair value		$ 27,200	$ 27,200
Debt discount was amortized to interest expense														13,563
Proceeds from eminent settlement	$ 20,000
Others [Member]
Debt discount was amortized to interest expense														13,563	$ 24,935
Notes payable, current														$ 555,376			$ 541,739
Convertible Promissory Note [Member]
Legal fees													$ 50,000
Debt instrument term													four-year
Debt instrument percentage													0%
Three Promissory Notes [Member] \| Unrelated Lenders [Member]
Principal amount												126,250
Total proceeds												100,000
Debt instrument unamortized discount												$ 26,250
Debt instrument, maturity date, description												The notes are non-interest bearing and matured in December 2021, one year after the notes’ issuances. These notes are currently in default.
Promissory Note One [Member] \| Unrelated Lenders [Member]
Principal amount				$ 50,000		$ 50,000	$ 25,000	$ 70,000	$ 70,000		$ 25,000
Total proceeds				$ 50,000		$ 50,000	$ 25,000
Promissory Notes Two [Member] \| Unrelated Lenders [Member]
Principal amount								25,000	25,000	$ 31,250
Two Additional Promissory Notes [Member] \| Unrelated Lenders [Member]
Principal amount		20,000	20,000
Total proceeds		$ 40,000	$ 40,000							50,000	50,000
Debt instrument unamortized discount										$ 6,250	$ 6,250
Number of stock issued, shares		40,000	40,000
Promissory Notes Three [Member] \| Unrelated Lenders [Member]
Principal amount								25,000	25,000
Three Additional Promissory Notes [Member] \| Unrelated Lenders [Member]
Total proceeds								100,000	100,000
Debt instrument unamortized discount								$ 20,000	$ 20,000

Long Term Notes and Interest-_2

Long Term Notes and Interest-Bearing Advance (Details Narrative) - USD ($)	Jun. 09, 2017	Dec. 31, 2023	Nov. 28, 2023	Sep. 26, 2014
Short-Term Debt [Line Items]
Debt interest rate				4%
Promissory Note [Member]
Short-Term Debt [Line Items]
Proceeds from notes payable	$ 15,000
Debt interest rate	12.50%
Maturity date	Jun. 09, 2019
Interest Payable		$ 14,165	$ 15,000

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)						6 Months Ended
Related Party Transactions (Details Narrative) - USD ($)	Nov. 01, 2023	Jul. 28, 2023	Feb. 17, 2023	Feb. 04, 2022	May 30, 2021	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Oct. 31, 2017	Aug. 25, 2016	Sep. 26, 2014
Related Party Transaction [Line Items]
Debt interest rate											4%
Monthly base rent						$ 4,534
Rent expense						27,204	$ 27,204
Associated rental costs						17,398	16,475
Operating Lease, Expense						44,602	43,679
Payments for Rent						27,204	0
Accrued Rent						$ 619,656		$ 602,252
Number of shares						31,397
Debt instrument face amount									$ 150,000
Proceeds from Legal Settlements	$ 75,000
Convertible Promissory Note [Member]
Related Party Transaction [Line Items]
Debt interest rate									0%
Director [Member]
Related Party Transaction [Line Items]
Directors fees						$ 15,000
Current and Former Directors [Member]
Related Party Transaction [Line Items]
Accrued directors fees						973,750		928,750
Board of Directors Chairman [Member]
Related Party Transaction [Line Items]
Debt interest rate										14%
Interest Payable						99,834		93,482
Number of shares				35,000
Stock based compensation fair value shares						0
President [Member]
Related Party Transaction [Line Items]
Deferred salary						$ 3,791,996
Debt interest rate						9%
Interest Payable						$ 22,249		23,763
Vice President and Current Chairman of Board of Directors [Member]
Related Party Transaction [Line Items]
Deferred salary						121,140
Management [Member]
Related Party Transaction [Line Items]
Interest expense						171,112	$ 171,112
Interest Payable						$ 2,408,952		$ 2,237,878
Board of Directors Chairman [Member]
Related Party Transaction [Line Items]
Number of shares			50,000		100,000
Debt instrument face amount			$ 25,000		$ 50,000
Repayments of Related Party Debt	$ 25,000
Board of Directors Chairman [Member] \| July 28, 2023 [Member]
Related Party Transaction [Line Items]
Number of shares		150,000
Debt instrument face amount		$ 75,000
Payments for loans exchange		25,000
Payments for loans		75,000
Board of Directors Chairman [Member] \| Convertible Promissory Note [Member]
Related Party Transaction [Line Items]
Debt instrument face amount		$ 75,000

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative) - USD ($)

1 Months Ended

3 Months Ended

6 Months Ended

Feb. 17, 2023

May 30, 2021

Sep. 26, 2014

May 31, 2022

Mar. 31, 2022

Nov. 30, 2021

Jul. 31, 2021

Jun. 30, 2021

Apr. 30, 2021

Mar. 31, 2024

Jun. 30, 2024

Dec. 31, 2023

Feb. 17, 2021

Jan. 26, 2021

Aug. 21, 2018

Oct. 31, 2017

Dec. 16, 2016

Dec. 31, 2014

Mar. 31, 2014

Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]

Debt instrument face amount

$ 150,000

Issuance of shares

31,397

Accrued franchise taxes

$ 16,660

Employee Stock Ownership Plan [Member]

Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]

Other accrued liabilities, current

$ 651,175

$ 578,775

Mississippi Property [Member]

Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]

Debt instrument face amount

$ 80,000

Issuance of shares

160,000

Diamond Head Property [Member] | Second Lien [Member]

Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]

Debt instrument face amount

$ 137,500

Amount owed

$ 250,000

Diamond Head Property [Member] | Third Lien [Member]

Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]

Amount owed

$ 400,000

Diamond Head Property [Member] | Fourth Lien [Member]

Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]

Debt instrument face amount

$ 2,000,000

Property to secure non interest notes

$ 2,000,000

Diamond Head Property [Member] | Fifth Lien [Member]

Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]

Debt instrument face amount

$ 658,750

Property to secure non interest notes

$ 658,750

Diamond Head Property [Member] | Six Lien [Member] | Lender [Member]

Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]

Debt instrument face amount

$ 252,500

Issuance of shares

250,000

Diamond Head Property [Member] | Twelfth and Thirteenth Lien [Member]

Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]

Debt instrument face amount

$ 50,000

Issuance of shares

100,000

Diamond Head Property [Member] | Sixteenth Lien [Member]

Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]

Debt instrument face amount

$ 50,000

Issuance of shares

100,000

Diamond Head Property [Member] | Seventeenth Lien [Member]

Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]

Debt instrument face amount

$ 25,000

Issuance of shares

50,000

Diamond Head Property [Member] | Eighteenth Lien [Member]

Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]

Debt instrument face amount

$ 50,000

Issuance of shares

100,000

Diamond Head Property [Member] | Nineteenth and Twentieth Lien [Member]

Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]

Debt instrument face amount

$ 80,000

Issuance of shares

160,000

Diamond Head Property [Member] | Twenty-first Lien [Member]

Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]

Debt instrument face amount

$ 50,000

Issuance of shares

100,000

Board of Directors Chairman [Member]

Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]

Debt instrument face amount

$ 25,000

$ 50,000

Issuance of shares

50,000

100,000

Board of Directors Chairman [Member] | Diamond Head Property [Member] | Fourteenth Lien [Member]

Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]

Notes payable

$ 150,000

Board of Directors Chairman [Member] | Diamond Head Property [Member] | Fifteenth Lien [Member]

Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]

Notes payable

$ 100,000

Casinos Austria Maritime Corporation [Member]

Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]

Other commitments, description

Unless
terminated earlier pursuant to the provisions of the Agreement, the Agreement terminates five years from the first day of actual Mississippi
gaming operations and provides for the payment of an annual operational term management fee of 1.2% of all gross gaming revenues between
zero and $100,000,000; plus 0.75% of gross gaming revenue between $100,000,000 and $140,000,000; plus 0.5% of gross gaming revenue above
$140,000,000; plus two percent of the net gaming revenue between zero and $25,000,000; plus three percent of the net gaming revenue above
twenty-five million dollars $25,000,000. The Company believes this Agreement is no longer in effect. However, there can be no assurance
that CAMC will not attempt to maintain otherwise which would lead to litigation

Collateralized Convertible Senior Debentures [Member] | Investors Lien [Member] | Mississippi Property [Member]

Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]

Secure principal and interest amount due

$ 1,850,000

Collateralized Convertible Senior Debentures [Member] | Executives Lien [Member] | Mississippi Property [Member]

Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]

Amount owed

$ 2,000,000

Collateralized Convertible Senior Debentures [Member] | Tranche 1 [Member] | Investors Lien [Member]

Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]

Debt instrument face amount

$ 1,000,000

Collateralized Convertible Senior Debentures [Member] | Tranche 2 [Member] | Investors Lien [Member]

Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]

Debt instrument face amount

$ 850,000