Diamondhead Casino (DHCC) 10-K 3 Sep 21 2020 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2020	Sep. 02, 2021	Jun. 30, 2021
Cover [Abstract]
Entity Registrant Name	DIAMONDHEAD CASINO CORP
Entity Central Index Key	0000844887
Document Type	10-K
Document Period End Date	Dec. 31, 2020
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filer	No
Entity Current Reporting Status	No
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 218,421
Entity Common Stock, Shares Outstanding		36,297,576
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2020

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Current assets:
Cash	$ 88,711	$ 1,966
Total current assets	88,711	1,966
Land (Note 3)	5,476,097	5,476,097
Other assets	80	80
Total assets	5,564,888	5,478,143
Current liabilities:
Accounts payable and accrued expenses due related parties (Note 4)	5,729,129	4,914,175
Accounts payable and accrued expenses - others (Note 4)	3,833,680	3,273,360
Convertible notes and line of credit payable (Note 5)	1,962,500	1,962,500
Debenture payable (net of unamorized finance costs of $0 and $236, respectively) (Note 6)	50,000	49,764
Convertible debenture payable (net of unamorized finance costs of $0 and $14,731, respectively) (Note 6)	1,800,000	1,785,269
Short term notes and interest bearing advance (Note 7)	80,504	80,504
Notes payable due related parties (Note 8)	636,605	552,321
Notes payable due others (net of unamortized debt discount of $46,135 and $0, respectively) (Note 9)	130,115
Stock issuance liability (Note 9)	26,250
Total current liabilities	14,248,783	12,617,893
Notes payable due others (Note 9)		50,000
Total liabilities	14,248,783	12,667,893
Commitments and contingencies (Notes 3 and 11)
Stockholders' deficit:
Preferred stock, $0.01 par value; shares authorized 5,000,000, outstanding 2,086,000 at December 31, 2020 and 2019 (aggregate liquidation preference of $2,519,080 at December 31, 2020 and 2019)	20,860	20,860
Common stock, $0.001 par value; shares authorized 50,000,000, issued: 39,052,472 at December 31, 2020 and 2019 outstanding: 36,297,576 at December 31, 2020 and 2019	39,052	39,052
Additional paid-in capital	36,042,139	35,313,037
Unearned ESOP shares	(2,846,468)	(2,965,070)
Accumulated deficit	(41,773,364)	(39,448,219)
Treasury stock, at cost, 845,796 and 766,251 shares at December 31, 2020 and 2019	(166,114)	(149,410)
Total stockholders' deficit	(8,683,895)	(7,189,750)
Total liabilities and stockholders' deficit	$ 5,564,888	$ 5,478,143

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Unamortized debt discount	$ 46,135	$ 0
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, shares	845,796	766,251
Debenture Payable [Member]
Unamortized finance costs	$ 0	$ 236
Convertible Debentures Payable [Member]
Unamortized finance costs	$ 0	$ 14,731

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
COSTS AND EXPENSES
Administrative and general	$ 695,056	$ 652,882
Stock-based compensation	831,000
Other	67,647	59,350
Total costs and expenses	1,593,703	712,232
Interest expense:
Related parties	345,525	307,564
Other	280,117	292,220
Change in fair value of stock issuance liability	4,200
Litigation settlement		(36,000)
Total other expense (income), net	629,842	563,784
NET LOSS	(2,223,545)	(1,276,016)
PREFERRED STOCK DIVIDENDS	(101,600)	(101,600)
NET LOSS APPLICABLE TO COMMON STOCKHOLDERS	$ (2,325,145)	$ (1,377,616)
Weighted average common shares outstanding - basic and diluted	36,297,576	36,297,576
Net loss per common share - basic and diluted	$ (0.064)	$ (0.038)

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Deficiency - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Preferred Stock [Member]
Balance	$ 20,860	$ 20,860
Balance, shares	2,086,000	2,086,000
Shares acquired from ESOP
Shares acquired from ESOP, shares
Stock-based compensation
Dividends
Net loss
Balance	$ 20,860	$ 20,860
Balance, shares	2,086,000	2,086,000
Common Stock [Member]
Balance	$ 39,052	$ 39,052
Balance, shares	39,052,472	39,052,472
Shares acquired from ESOP
Shares acquired from ESOP, shares
Stock-based compensation
Dividends
Net loss
Balance	$ 39,052	$ 39,052
Balance, shares	39,052,472	39,052,472
Additional Paid-In Capital [Member]
Balance	$ 35,313,037	$ 35,430,445
Shares acquired from ESOP	(101,898)	(117,408)
Stock-based compensation	831,000
Dividends
Net loss
Balance	36,042,139	35,313,037
Unearned ESOP [Member]
Balance	$ (2,965,070)	$ (3,083,672)
Balance, shares	1,988,645	2,068,190
Shares acquired from ESOP	$ 118,602	$ 118,602
Shares acquired from ESOP, shares	(79,545)	(79,545)
Stock-based compensation
Dividends
Net loss
Balance	$ (2,846,468)	$ (2,965,070)
Balance, shares	1,909,100	1,988,645
Accumulated Deficit [Member]
Balance	$ (39,448,219)	$ (38,070,603)
Shares acquired from ESOP
Stock-based compensation
Dividends	(101,600)	(101,600)
Net loss	(2,223,545)	(1,276,016)
Balance	(41,773,364)	(39,448,219)
Treasury Stock [Member]
Balance	$ (149,410)	$ (148,216)
Balance, shares	766,251	686,706
Shares acquired from ESOP	$ (16,704)	$ (1,194)
Shares acquired from ESOP, shares	79,545	79,545
Stock-based compensation
Dividends
Net loss
Balance	$ (166,114)	$ (149,410)
Balance, shares	845,796	766,251
Balance	$ (7,189,750)	$ (5,812,134)
Shares acquired from ESOP
Stock-based compensation	831,000
Dividends	(101,600)	(101,600)
Net loss	(2,223,545)	(1,276,016)
Balance	$ (8,683,895)	$ (7,189,750)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash flows from operating activities:
Net loss	$ (2,223,545)	$ (1,276,016)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization	17,132	29,253
Stock-based compensation	831,000		$ 21,570
Change in fair value of stock issuance liability	4,200
Changes in operating assets and liabilities:
Other current assets		16,608
Accounts payable and accrued expenses - related parties	713,354	670,761
Accounts payable and accrued expenses - other	560,320	433,053
Net cash used in operating activities	(97,539)	(126,340)
Cash flows from financing activities:
Proceeds from notes payable issued to related parties	84,284	164,473
Payments of notes payable issued to related parties		(36,167)
Proceeds from short term notes and interest bearing advances		2,734
Proceeds from note payable - others	100,000
Payments of short term notes		(2,734)
Net cash provided by financing activities	184,284	128,306
Net increase in cash	86,745	1,966
Cash at beginning of year	1,966
Cash at end of year	88,711	1,966
Supplemental disclosure of cash flow information:
Cash paid for interest		943
Supplemental disclosure of non-cash financing activities:
Unpaid preferred stock dividends in accounts payable and accrued expenses	101,600	101,600
Stock issuance liability	$ 22,050

Organization and Business

Organization and Business	12 Months Ended
	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Business	Note 1. Organization and Business Diamondhead Casino Corporation and its Subsidiaries (the “Company”) own a total of approximately 400 acres of unimproved land in Diamondhead, Mississippi (“the Property”). Active subsidiaries of the Company include Mississippi Gaming Corporation, which owns the approximate 400-acre site and Casino World, Inc. The Company’s intent was 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. Due to its lack of financial resources and certain law suits filed against it, the Company has been 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. Thus, on March 25, 2019, Mississippi Gaming Corporation entered into a brokerage agreement with an unrelated third party to seek a buyer for all or part of the Property or, alternatively, to seek a joint venture partner for the project. The brokerage agreement has expired, but the Company continues to work with the broker on the same terms under the contract.

Liquidity and Going Concern

Liquidity and Going Concern	12 Months Ended
	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Liquidity and Going Concern	Note 2. Liquidity and Going Concern These 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 consolidated financial statements, incurred a net loss applicable to common stockholders of $2,325,145 for the year ended December 31, 2020. In addition, the Company had an accumulated deficit of $41,773,364 at December 31, 2020. Due to its lack of financial resources and certain law suits filed against it, the Company has been forced to explore other alternatives, including a sale of part or all of the Property. 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 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 December 31, 2020, the Company had $9,562,809 of accounts payable and accrued expenses and $88,711 in cash on hand. The above conditions raise substantial doubt as to the Company’s ability to continue as a going concern within one year after the date of that the consolidated financial statements are issued. COVID-19 The Company had no casino or other operations in 2020 when COVID-19 surfaced. Therefore, the Company did not experience the adverse consequences that other casino companies experienced from COVID-19 based on their cessation of casino-related operations. However, as a result of COVID, the Company’s sole employee, its President, was unable to travel domestically or internationally to meet with potential investors or potential joint venture partners or to meet with outside, independent contractors. The extent to which COVID-19 may have affected the market for financing new construction in the hospitality, hotel and casino industries given the impact of COVID-19 on this segment of the economy is unknown. The Company did not incur any extraordinary expenses as a result of COVID-19, nor did it obtain any loans under the CARES Act.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 3. Summary of Significant Accounting Policies Principles of Consolidation The 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 accounting principles generally accepted in the United States of America 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 Held for Development 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 December 31, 2020 and 2019: Land held for development $ 4,934,323 Licenses 77,000 Engineering and costs associated with permitting 464,774 $ 5,476,097 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 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 in the consolidated balance sheets, which approximate fair value due to their short term nature. The fair value measurement of the derivative indemnification liability at December 31, 2020 and 2019 listed in Note 8 below was developed using Level 1 inputs. The fair value measurement of the stock issuance liability was developed using Level 1 inputs as the liability was valued using quoted prices in active markets for identical assets or liabilities. 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 impairment existed as of December 31, 2020. Employee Stock Ownership Plan The Company has an Employee Stock Ownership Plan (ESOP) covering substantially all employees with one or more years of service, financed by employer loans. The Company also established a trust called the Europa Cruises Corporation Employee Stock Ownership Plan Trust Agreement, to serve as the funding vehicle for the ESOP. The President and Chief Executive Officer is the sole Trustee of the Trust. Compensation expense was measured at the current market price of shares committed for release and such shares constitute outstanding shares for earnings per share computations. As the loans are repaid, shares are released from the ESOP and allocated to qualified employees based upon the proportion of payments made during the year to the remaining amount of payments due on the loans through maturity. Dividends, if any, are treated as follows: (1) stock dividends on shares allocated to participant accounts shall be credited to the participant account when paid; and (2) cash dividends on shares allocated to participant accounts shall, at the discretion of the Administrator, be credited to the participants’ Other Investment Account or be used to reduce the indebtedness to the Company, in which case, shares bearing an equal value to the cash dividend would be allocated to participant accounts. The Company has not paid any dividends on its common stock. For the years 2011 through 2020, the Company elected to temporarily suspend contributions to the Plan, in accordance with the loan pledge agreement between the Company and the ESOP Trust. For each year in which there was no contribution to the Plan, the Plan returned the 79,545 shares, which would have been allocated to employees annually, to treasury. Income Taxes Under the asset and liability method of ASC Topic 740, “Accounting for Income Taxes,” deferred tax liabilities and assets are recognized for future tax consequences attributable to differences between the financial statement carrying amounts and the tax basis of assets and liabilities. A valuation allowance is recorded to reflect the uncertainty of realization of deferred tax assets. The Company follows the provisions of ASC Topic 740, “Accounting for Uncertainty in Income Taxes.” The standard addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the consolidated financial statements. Under this standard, an entity may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. The standard also provides guidance on derecognition, classification, interest and penalties on income taxes, and accounting in interim periods and requires increased disclosures. The Company does not have a liability for unrecognized tax benefits. The Company’s policy is to record interest and penalties on uncertain tax provisions as income tax expense. As of December 31, 2020 and 2019, the Company has no accrued interest or penalties related to uncertain tax positions. 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 potentially convertible Debentures, since the requirements for possible conversion had not yet been met and may never be met. The table below summarizes the components of potential dilutive securities at December 31, 2020 and 2019. Description December 31, 2020 December 31, 2019 Convertible Preferred Stock 260,000 260,000 Options to Purchase Common Shares 4,555,000 3,415,000 Total 4,815,000 3,675,000 Stock Based Compensation The Company follows the provisions of ASC Topic 718 “Compensation — Stock Compensation” which requires the measurement and recognition of compensation expense for all share-based payment awards either modified or granted to employees and directors based upon estimated fair values. On November 9, 2020, the Board of Directors voted to award 1,290,000 options to purchase common stock to its six current directors, including three officers of the Company, at a strike price of $0.46 per share with an expiration date of December 31, 2023, as follows: Martin Blount: 200,000; Daniel Burstyn: 40,000; Robert Crow: 100,000; Benjamin Harrell: 360,000; Gregory Harrison: 450,000 and Deborah Vitale: 140,000. All options are vested. In determining the fair value of each option granted, the Black-Scholes option-pricing model, consistent with the provisions of ASC Topic 718, was used. The valuations were determined using the weighted-average assumptions of 0% dividend yield, expected volatility of 324% and a risk-free interest rate of 0.25%. Total stock-based compensation expense in 2020 was $831,000, including $258,000 pertaining to the options granted in 2020 and $573,000 pertaining to the modification of options extended in December 2020. No share-based awards were issued or amended in 2019. Option valuation models require the input of highly subjective assumptions, including the expected stock price volatility. The Company uses projected volatility rates, which are based upon historical volatility rates, trended into future years. Because the Company’s employee stock options have characteristics significantly different from those of traded options, and because changes in the subjective input assumptions can materially affect the fair value estimate, in management’s opinion, the existing models do not necessarily provide a reliable single measure of the fair value of the Company’s options. Recently Issued Accounting Pronouncements Not Yet Adopted In November 2019, the FASB issued ASU 2019-10, Financial Instruments—Credit Losses (Topic 326), Derivative and Hedging (Topic 815, and Leases (Topic 841) In December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes (Topic 740)(“ASU 2019-12”) No other recent accounting pronouncements were issued by FASB and the SEC 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	12 Months Ended
	Dec. 31, 2020
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 December 31, 2020 and 2019: December 31, December 31, 2020 2019 Related parties: Accrued payroll due officers $ 2,969,711 $ 2,669,711 Accrued interest due officers and directors 1,682,152 1,336,626 Accrued director fees 658,750 568,750 Base rents due to the President 294,458 240,050 Associated rental costs 106,750 81,730 Other 17,308 17,308 Total related parties $ 5,729,129 $ 4,914,175 Non-related parties: Accrued interest 2,269,530 $ 2,006,545 Accrued dividends 965,200 863,600 Accrued fines and penalties 220,750 140,100 Other 378,200 263,115 Total non-related parties $ 3,833,680 $ 3,273,360

Convertible Notes and Line of C

Convertible Notes and Line of Credit	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
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. The Line of Credit carries an interest rate on amounts borrowed of 9% per annum. All funds originally advanced under the facility were due and payable by November 1, 2012. As an inducement to provide the facility, the lender was awarded an immediate option to purchase 50,000 shares of common stock of the Company at $1.75 per share. In addition, the lender received an option to purchase a maximum of 250,000 additional shares of common stock of the Company at $1.75 per share. The options expire following repayment in full by the Company of the amount borrowed. The Company is in default under the repayment terms of the agreement. At December 31, 2020 and 2019, the unpaid principal and accrued interest due on the obligation totaled $2,033,175 and $1,943,422, respectively. Convertible Notes Pursuant to a Private Placement Memorandum dated March 1, 2010, the Company offered Units consisting of a two year unsecured, convertible promissory note in the principal amount of $25,000 with interest at 12% per annum. The Promissory Notes were convertible into 50,000 shares of common stock of the Company upon issuance and for a period of five years at the option of the investor. The conversion rights have expired. Pursuant to an additional Private Placement Memorandum dated October 25, 2010, the Company offered Units consisting of a two year unsecured, convertible promissory note in the principal amount of $25,000. The Promissory Notes bear interest at 9% per annum and were convertible into 50,000 shares of common stock of the Company upon issuance and for a period of five years at the option of the investor. The conversion rights have expired. The Convertible Notes issued pursuant to the two Private Placements discussed above total $962,500 in principal and became due and payable beginning in March 2012 and extending to various dates through June 2013. As of the date of the filing of this report, all of the aforementioned debt obligations remain unpaid and in default under the repayment terms of the notes. In November 2020, the Superior Court of the State of Delaware awarded Judgments in favor of certain holders of these Promissory Notes who filed suit against the Company. As a result, the Company must carry an aggregate of $486,796 (total principal and interest) as debt owed to these noteholders. As of December 31, 2020 and 2019, all Notes issued had a total outstanding principal of $962,500 and accrued interest, including the additional interest awarded pursuant to the Court Judgments of $854,847 and $754,991, respectively. The table below summarizes the Company’s debt arising from the above-described sources as of December 31, 2020 and 2019: December 31, 2020 December 31, 2019 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 is due to a related party.

Convertible Debentures

Convertible Debentures	12 Months Ended
	Dec. 31, 2020
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 of Collateralized Convertible Senior Debentures to accredited or institutional investors. The Offering was conducted contingent on the deposit into Escrow of the purchase price for all of the Debentures offered in the principal amount of $3,000,000. The Debentures, once issued, originally bore interest at 4% per annum after 180 days, matured six years from the date of issuance, and were secured by a lien on the Company’s Mississippi property. The interest rate on these debentures was raised pursuant to a settlement agreement. The debentures were offered in three tranches as follows: (a) $1,000,000 of First Tranche Collateralized Convertible Senior Debentures convertible into an aggregate of 3,333,333 shares of Common Stock of the Company at a conversion price of $.30 per share (the “First Tranche Debentures”); (b) $1,000,000 of Second Tranche Collateralized Convertible Senior Debentures, convertible into an aggregate of 2,222,222 shares of Common Stock of the Company at a conversion price of $.45 per share (the “Second Tranche Debentures”); and (c) $1,000,000 of Third Tranche Collateralized Convertible Senior Debentures, convertible into either 1,818,182 shares of Common Stock or 1,333,333 shares of Common Stock of the Company, at a conversion price of $.55 or $.75 per share depending upon certain conditions described in the Private Placement Memorandum (the “Third Tranche Debentures”). The conversion rights on each issued Debenture carry an Anti-Dilution Provision. If the Company issues any shares of Common Stock or other securities after March 31, 2014 at a price per security that is less than the conversion price of a Debenture, then the Debenture shall have a new conversion price equal to the price per security that is less than the Conversion Price of the Debenture. The foregoing provision shall 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 sued the Company for failing to make payments due under the terms of the Debentures and the case was settled. See Note 15 below. Total accrued interest due on all outstanding Debentures amounted to $427,081 and $353,233 at December 31, 2020 and 2019, respectively.

Short Term Notes and Interest B

Short Term Notes and Interest Bearing Advance	12 Months Ended
	Dec. 31, 2020
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. Interest on the note is 12.5% per annum and payable March 1 of each year the note remains outstanding. Payment in full of the Note was due June 9, 2019. Mississippi Gaming Corporation, a wholly owned subsidiary of the Company, guaranteed the Note. In addition, the President of the Company agreed to personally guarantee the Note and to personally secure the Note with an assignment of proceeds due to her under the first lien on the Diamondhead property. The interest payments since March 1, 2018 have not been made. Accrued interest due on this obligation amounted to $6,677 and $4,803 at December 31, 2020 and 2019, respectively. Bank Credit Facility Wells Fargo Bank provided an unsecured credit facility of up to $15,000 to the Company. The facility required a variable monthly payment of amounts borrowed plus interest, which is applied at 11.24% on direct charges and 24.99% on any cash advanced through the facility. At , a principal balance of $18,004 remained outstanding on the facility. The lending bank has since cancelled privileges under the facility for non-payment. Interest Bearing Advances In 2016, the Company received cash advances totaling $47,500 from seven lenders which included $22,500 from third parties (see Note 8 for related party advances). The proceeds from the cash advances were earmarked for the payment of accounting and auditing fees and other expenses required to file the Company’s Form 10-Q. On August 25, 2016, the Company issued a Note to the foregoing lenders, which matures four years from the date of issuance and bears interest at 8% per annum, with a full year of interest accruing in any year in which the advance remains unpaid. Accrued interest due on the above notes amounted to $9,800 and $7,600 at December 31, 2020 and 2019, respectively. On February 2, 2017, the Company borrowed $25,000 from an unrelated third party. The Note carries an annual interest rate of approximately 12.5% and is past due. The Company is in default and as such, the lender may increase the interest rate due by an amount of up to 3% per annum in excess of the rate then otherwise applicable. The Company does not have the funds to repay the advance. The President of the Company has agreed to personally secure the note with an assignment of proceeds due to her under the first lien on the Property. Accrued interest on this obligation amounted to $12,217 and $9,092 at December 31, 2020 and 2019, respectively. Of the amounts discussed above, $80,504 in short-term notes and advances are in default under the original agreed to terms.

Current Notes Payable Due to Re

Current Notes Payable Due to Related Parties	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
Current Notes Payable Due to Related Parties	Note 8. Current Notes Payable Due Related Parties In 2016, the Company received cash advances totaling $47,500 from seven lenders which included $25,000 from three Current Directors of the Company (see Note 7). The proceeds from the cash advances were earmarked for the payment of accounting and auditing fees and other expenses required to file the Company’s Form 10-Q. On August 25, 2016, the Company issued a Note to the foregoing lenders, which matures four years from the date of issuance and bears interest at 8% per annum, with a full year of interest accruing in any year in which the advance remains unpaid. Accrued interest due on the above notes amounted to $10,000 and $8,000 at December 31, 2020 and 2019, respectively. These amounts are included in current liabilities on the consolidated balance sheets as of December 31, 2020 and 2019. This note is secured by a second lien on the Diamondhead Property. In the third quarter of 2016, the Chairman of the Board of Directors of the Company loaned the Company $90,000. On August 25, 2016, the Company issued a Note to the Chairman of the Board. The Note bears interest at 14% per annum effective August 1, 2016 and matures four years from the date of issuance. The proceeds of the loan were used for the payment of Mississippi property taxes and auditing, accounting and other corporate expenses. Accrued interest due on the above note amounted to $55,682 and $43,082 at December 31, 2020 and 2019, respectively. 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 an approximate 400-acre tract of land, owned by Mississippi Gaming Corporation, a wholly-owned subsidiary of the Company. The total amount advanced was $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% per annum. The Chairman advanced the $67,628 on condition that: (is) the advance constitute a lien with interest at 4% per annum under that Land Deed of Trust recorded September 26, 2014; (ii) he be paid additional interest of 11% per annum on the amount advanced and owing and that the full 11% 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; (iii) this additional interest obligation be treated as a separate and secured debt of the Company, to be evidenced by a separate note and is secured with a separate and third lien to be placed on the Property (hereafter “the Third Lien”); (iv) the entire obligation will be treated as an advance 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; and (v) he be indemnified for any losses sustained on the sale of that common stock sold to cover the payment of real estate property taxes and any credit card fees associated with payment. The Chairman has identified the common stock to be sold and will provide the Company with the documentation required to document the sale of said stock and to calculate the future loss, if any, on said stock. The fair value measurement of the derivative indemnification liability at December 31, 2020 and 2019 was developed using Level 1 inputs, which was valued at $0. On June 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 $100,000 to cover the principal and interest due with respect to this note. On August 21, 2018, Mississippi Gaming Corporation placed a third lien on the Property to secure this obligation for $100,000. Accrued interest on the note amounted to $39,050 and $28,906 at December 31, 2020 and 2019, respectively. In March of 2018, the Board of Directors voted to increase up to an additional $200,000 the amount secured by the third lien in favor of the Chairman of the Board, for amounts advanced by the Chairman on behalf of the Company, on the following terms and conditions, namely, that (is) 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. The Chairman will provide the Company with the documentation required to document the sale of said stock and to calculate the losses on said stock for all amounts loaned to the Company from the sale of said stock. On June 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 to cover the principal and interest due with respect to this note. On August 21, 2018, Mississippi Gaming Corporation placed a third lien on the Diamondhead Property to secure this obligation for $200,000. In November of 2018, the Board of Directors voted to increase up to an additional $100,000 of advances from the Chairman and in March of 2019, the Board of Directors voted to increase the limit of the advances to $200,000. The terms of this advance are identical to the terms as approved above in March 2018. In July 2020, the Chairman of the Board of the Company paid a total of $67,076 for property taxes due for the year 2019 on the Company’s 400-acre Diamondhead, Mississippi Property plus $1,573 in related fees. The Company placed a fourteenth lien on the Property in July 2021 to secure a promissory note in the amount of $150,000 issued to the Chairman of the Board of the Company to secure the payment of these taxes and interest due thereon (see Note 14). At December 31, 2020, the Chairman had advanced a total of $467,953, net of repayment of $16,250, under both the March 2018 and March 2019 arrangements and was owed accrued interest in the amount of $140,433 and $80,384 at December 31, 2020 and 2019, respectively. 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 for the payment of expenses. In March of 2018, the Board of Directors voted to increase to up to $100,000 the amount to be secured by a third lien in favor of the President of the Company for amounts advanced by the President under this note, on the following terms and conditions, namely, that (i) she be paid 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. As of December 31, 2020, the President had advanced a total of $53,652, net of repayments of $19,917, under this agreement. The President previously agreed to secure a $25,000 loan and interest due thereon and to secure and guarantee a $15,000 loan and interest due thereon due non-related parties discussed above. The President is also personally liable for certain bank-issued credit cards used by the Company to pay expenses incurred by the Company in the approximate amount of $18,000. On June 30, 2018, Mississippi Gaming Corporation issued a secured promissory note, due one year from date of issue, to the President for an amount up to $100,000 to cover the principal and interest due with respect to this note. On August 21, 2018, Mississippi gaming Corporation placed a third lien on the Diamondhead Property to secure this obligation for $100,000. Accrued interest due on this note amounted to $22,925 and $14,278 at and December 31, 2020 and 2019, respectively. The third lien placed on the Diamondhead Property, which secures the above three promissory notes, totals up to $400,000 and is payable to the Chairman of the Board ($300,000) and President ($100,000) of the Company. The majority of the principal balance of the notes payable to the officers and directors discussed above were due in September 2019 and totaled $521,605 and $437,321 in aggregate, at December 31, 2020 and 2019, respectively.

Notes Payable Due Others

Notes Payable Due Others	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
Short-Term Notes Payable Due Others	Note 9. Notes Payable Due Others In October 2017, the Company entered into a settlement with a holder of $150,000 of convertible notes as described in Note 5 above. As part of the settlement, the Company agreed to pay legal fees in the amount of $50,000 and issued a four year note at 0% interest to satisfy this obligation. In December 2020, the Company entered into three promissory notes with unrelated lenders in exchange for an aggregate principal amount of $126,250. The Company received proceeds of $100,000, resulting in an original issue discount of $26,250. This original issue discount was recorded as a debt discount, which will be amortized to interest expense over the life of the notes. The notes are non-interest bearing and mature in December 2021, one year after the notes’ issuances. In April 2021, three liens were placed on the Property to secure these notes (see Note 16). There is a call for the issuance of 125,000 shares of common stock in connection with the notes and liens, however, no shares have been issued to date. In connection with the potential issuance of common shares, the Company determined that a liability existed as of the date of the loans pursuant to ASC 480-10. The Company recorded an initial fair value of the stock issuance liability of $22,050, which was determined by the fair value of the Company’s common stock at the date of each loan issuance. The stock issuance liability was recorded as a debt discount, which will be amortized to interest expense over the life of the notes. At December 31, 2020, the fair value of the stock issuance liability was $26,250. During the year ended December 31, 2020, $2,165 of the debt discount was amortized to interest expense. As of December 31, 2020, total notes payable due others, net of unamortized discount was $130,115.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2020
Related Party Transactions [Abstract]
Related Party Transactions	Note 10. Related Party Transactions As of December 31, 2020, the President of the Company is owed deferred salary in the amount of $2,766,996 and the Vice President and the current Chairman of the Board of Directors of the Company is owed deferred salary in the amount of $121,140. The Board of directors agreed to pay interest at 9% per annum on the foregoing amounts owed. Interest expense under this agreement amounted to $245,360 and $218,365 during the years ended December 31, 2020 and 2019, respectively. Total interest accrued under this agreement totaled $1,339,799 and $1,094,439 as of December 31, 2020 and 2019, respectively. 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 in a furnished and fully equipped townhouse office building owned by the President in Alexandria, Virginia. The lease calls for monthly base rent in the amount of $4,534 and payment of associated costs of insurance, real estate taxes, utilities and other expenses. Rent expense associated with this lease amounted to base rent in the amount of $54,408 and associated rental costs of $25,020 were accrued during the year ended December 31, 2020. No payments associated with the base rents were made in 2020. At December 31, 2020 and 2019, amounts owing for base rent and associated rental costs totaled $401,208 and $321,780, respectively. Directors of the Company are entitled to a director’s fee of $15,000 per year for their services. The Company has been unable to pay directors’ fees to date. A total of $658,750 and $568,750 was due and owing to the Company’s current and former directors as of December 31, 2020 and 2019, respectively. Directors have previously been compensated and may, in the future, be compensated for their services with cash, common stock, or options to purchase common stock of the Company. See Notes 4, 5, 7, 8, 9, 11 and 12 for other related party transactions.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2020
Equity [Abstract]
Stockholders' Equity	Note 11. Stockholders’ Equity At December 31, 2020 and 2019, the Company had a stock option plan and non-plan options, which are described below. Non-Plan Stock Options On January 3, 2018, the Board of Directors voted to extend from March 13, 2018 to December 31, 2020, the expiration date for a total of 3,115,000 currently outstanding options previously issued to the Chairman, the President, the Vice President and two former employees of the Company. The Company recorded stock-based compensation expense of $21,570 for the year ended December 31, 2018. No share-based awards were issued or amended in 2019. On November 6, 2020, the Board of Directors voted to extend 2,965,000 of these outstanding options from December 31, 2020 to December 31, 2023. Accordingly, 150,000 of these 3,115,000 options expired at December 31, 2020. As a result of the modification to the options, the Company recorded an additional $573,000 in stock-based compensation expense for the year ended December 31, 2020. On November 9, 2020, the Board of Directors voted to award 1,290,000 options to purchase common stock to its six current directors, including three officers of the Company, at a strike price of $0.46 per share with an expiration date of December 31, 2023, as follows: Martin Blount: 200,000; Daniel Burstyn: 40,000; Robert Crow: 100,000; Benjamin Harrell: 360,000; Gregory Harrison: 450,000 and Deborah Vitale: 140,000. All options are vested. The Company recorded stock-based compensation expense of $258,000 pertaining to the 2020 grants for the year ended December 31, 2020. Stock Option Plan On December 19, 1988, the Company adopted a stock option plan (the “Plan”) for its officers and management personnel under which options could be granted to purchase up to 1,000,000 shares of the Company’s common stock. Accordingly, the Company reserved 1,000,000 shares for issuance under the Plan. The exercise price may not be less than 100% of the market value of the shares on the date of the grant. The options expire within ten years from the date of grant. At December 31, 2020, no options from this plan were issued or exercised. Summary of Stock Options A summary of the status of the Company’s fixed Plan and non-plan options as of December 31, 2020 and 2019, and changes during the years ended December 31, 2020 and 2019 is presented below. Shares Weighted Average Exercise Price Outstanding as of January 1, 2019 3,415,000 $ 0.44 Granted - - Exercised - - Forfeited - - Outstanding as of December 31, 2019 3,415,000 $ 0.44 Granted 1,290,000 0.46 Exercised - - Expired (150,000 ) 1.25 Forfeited - - Outstanding as of December 31, 2020 4,555,000 $ 0.41 Exercisable as of December 31, 2019 3,415,000 $ 0.44 Exercisable as of December 31, 2020 4,555,000 $ 0.41 The following tables summarize information about stock options outstanding and exercisable at December 31, 2020 and 2019: December 31, 2020 Options Outstanding Options Exercisable Range of Exercise Prices Number Outstanding at 12/31/20 Weighted-Average Remaining Contractual Life (Yrs.) Weighted Average Exercise Price Number Exercisable at 12/31/20 Weighted Average Exercise Price $ 0.19 2,000,000 3.0 $ 0.19 2,000,000 $ 0.19 0.30 750,000 3.0 0.30 750,000 0.30 0.75 215,000 3.0 0.75 215,000 0.75 1.75 300,000 3.0 1.75 300,000 1.75 0.46 1,290,000 3.0 0.46 1,290,000 0.46 4,555,000 4,555,000 December 31, 2019 Options Outstanding Options Exercisable Weighted- Number Average Weighted Number Weighted- Range of Outstanding Remaining Average Exercisable Average Exercise At Contractual Exercise At Exercise Prices 12/31/19 Life (Yrs.) Price 12/31/19 Price $ 0.19 2,000,000 1.0 $ 0.19 2,000,000 $ 0.19 0.30 750,000 1.0 0.30 750,000 0.30 0.75 215,000 1.0 0.75 215,000 0.75 1.25 150,000 1.0 (b) 1.25 150,000 1.25 1.75 300,000 (a) $ 1.75 300,000 $ 1.75 3,415,000 3,415,000 (a) These options expire upon payment in full of an outstanding note payable with an original due date of November 1, 2012. The note payable remains outstanding at December 31, 2020 and 2019. (b) These options expired at December 31, 2020 and are not included in the 2020 table above. Preferred Stock Series S Preferred Stock The Company has 926,000 shares outstanding of $.01 par value Series S Voting, Non-Convertible Preferred Stock which was issued to Austroinvest International, Inc. The Company is required to pay quarterly cumulative dividends of three percent per annum on these shares. These shares may be redeemed at the option of the Company at $1.08 per share plus $.0108 per share for each quarter that such shares are outstanding for a total of $2.18 per share at December 31, 2020. The shares also have a $1.08 per share preference in involuntary liquidation of the Company. At December 31, 2020 and 2019, outstanding Series S preferred stock totaled 926,000 shares. Cumulative dividends in arrears at December 31, 2020 and 2019 amounted to $285,000 and $255,000, respectively. Series S-NR Preferred Stock The Company has 900,000 shares outstanding of its $.01 par value Series S-NR Voting, Non-Convertible, Non-Redeemable, Preferred Stock, which was issued to Serco International Limited. The Company is required to pay quarterly, non-cumulative dividends of three percent per annum on these shares. Upon involuntary liquidation of the Company, the liquidation preference of each share is $1.11. At December 31, 2020 and 2019, outstanding Series S-NR preferred stock totaled 900,000 shares. Non-cumulative dividends in arrears at December 31, 2020 and 2019 amounted to $285,000 and $255,000, respectively. Series S-PIK Preferred Stock The Company has one million units outs, each unit consisting of one share of the Company’s $.001 par value common stock and two shares of the Company’s Series S-PIK Junior, cumulative, convertible, non-redeemable, non-voting $.01 par value preferred stock. Each share of Series S-PIK preferred stock is convertible into one share of the Company’s common voting stock at any time after February 15, 1995. No shares were converted during 2020 or 2019. The Series S-PIK preferred stock ranks junior to the Series S and Series S-NR preferred shares as to the distribution of assets upon liquidation, dissolution, or winding up of the Company. Upon liquidation of the Company, the S-PIK preferred stock will have a liquidation preference of $2.00 per share. A cumulative quarterly dividend of $0.04 per share is payable on Series S-PIK preferred stock. At December 31, 2020 and 2019, outstanding Series S-PIK preferred stock totaled 260,000 shares. Cumulative dividends in arrears at December 31, 2020 and 2019 amounted to $395,200 and $353,600, respectively. Payment of Preferred Dividends The Company did not pay any dividends due on its preferred stock in 2020 or 2019. However, payment of all cumulative and non-cumulative preferred stock dividends, outstanding at any time, is required before the Company can issue any dividends on its common stock.

Employee Stock Ownership Plan

Employee Stock Ownership Plan	12 Months Ended
	Dec. 31, 2020
Retirement Benefits [Abstract]
Employee Stock Ownership Plan	Note 12. Employee Stock Ownership Plan The Company’s employee stock ownership plan (ESOP) is intended to be a qualified retirement plan and an employee stock ownership plan. All employees having one year of service are eligible to participate in the ESOP. The ESOP is funded by two 8% promissory notes issued by the Company. The shares of common stock are pledged to the Company as security for the loans. The promissory notes are payable from the proceeds of annual contributions made by the Company to the ESOP. In the event that the Company elects not to make a Plan contribution in any given year, the corresponding shares applicable to that year are released from the Trust to the Company in consideration of that years’ note payment. In January 2001, the Plan and accompanying promissory notes were amended to conform to the Company’s current employment structure, by extending the note repayment terms through 2044. Assuming a Plan contribution is made, shares are allocated to the participants’ accounts in relation to repayments of the loans from the Company. At December 31, 2020, a total of 1,909,100 shares with a fair market value of $400,911. In 2011, the Company decided to temporarily suspend contributions to the Plan. Therefore the Trust was unable to make its annual loan payment to the company and a loan default occurred. In accordance with the Pledge Agreement between the Company and the Trust, the shares attached to the loan payments subsequent to the 2010 contribution reverted back to the Company as treasury shares. In 2020 and 2019, 79,545 shares, with a market value of $16,704 and $1,194, respectively, reverted back to the Company as treasury shares.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Note 13. Income Taxes At December 31, 2020, the Company had net operating loss carryforwards for income taxes of approximately $10.3 million, which expire during various periods through 2040. Realization of deferred income taxes as of December 31, 2020 and 2019 is not considered likely. Therefore, by applying a federal statutory rate of 21% to the carryforward amounts, a valuation allowance of approximately $2.2 and $2.4 million, has been established for each year for the entire amount of deferred tax assets relative to the net operating loss at December 31, 2020 and 2019, respectively, resulting in an effective tax rate of 0% and no deferred tax asset recognition. The valuation allowance decreased by approximately $249,000 in 2020 and $254,000 in 2019.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 14. Commitments and Contingencies Liens As of December 31, 2020, there were three liens on the Company’s Diamondhead, Mississippi Property as follows: The Company’s obligations under the Collateralized Convertible Senior Debentures are secured by a first lien on the Company’s Diamondhead, Mississippi property (the “Investors Lien”). On March 31, 2014, the Company issued $1 million of First Tranche Collateralized Convertible Senior Debentures and, on December 31, 2014, the Company issued $850,000 of Second Tranche Collateralized Convertible Senior Debentures. Thus, on September 26, 2014, a first lien was placed on the Diamondhead Property in favor of the Investors to secure the principal due in the amount of $1,850,000 and interest due thereon. The Investors Lien is in pari passu On December 16, 2016, the Company filed a second lien on the Diamondhead Property in the maximum amount of $250,000 to secure certain notes payable, including notes to related parties, totaling $137,500 in principal and accrued interest incurred. On August 21, 2018, the Company filed a third lien on the Diamondhead Property for up to $400,000 to secure notes issued to the Chairman and President of the Company arising in the third quarter of 2017 and during 2018, as more fully described in Notes 8. Additional liens were secured subsequent to December 31, 2020. See Note 16. 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 year ended December 31, 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 $220,750 and $140,100 on the current delinquent filings as of December 31, 2020 and 2019, respectively. The Company intends to bring its ESOP-required filings current and when current, will attempt to enroll in a voluntary compliance program with the Department of Labor with respect to any penalties or fines incurred. However, there can be no assurance the Company will be able to enroll in any such program or obtain a reduction of the fines and penalties that may be due. The Company and its subsidiaries file their federal tax return on a consolidated basis. The Company has not filed its consolidated federal tax returns for the years ended December 31, 2020, 2019, 2018, 2017 and 2016. 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 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 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 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 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 2020, 2019, 2018, 2017 and 2016. The Company has made provision for the expected taxes due on these state filings in their consolidated financial statements for the years ending December 31, 2020 and 2019. 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.

Pending and Threatened Litigati

Pending and Threatened Litigation	12 Months Ended
	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Pending and Threatened Litigation	Note 15. Pending and Threatened Litigation CASE SETTLED Edson R. Arneault, Kathleen Devlin and James Devlin, J. Steven Emerson, Emerson Partners, J. Steven Emerson Roth IRA, Steven Rothstein, and Barry Stark and Irene Stark v. Diamondhead Casino Corporation (In the United States District Court for the District of Delaware (C.A. No. 1:16-cv-00989-LPS) On October 25, 2016, the above-named Debenture holders filed a Complaint against Diamondhead Casino Corporation (the Company) in the United States District Court for the District of Delaware for monies due and owing pursuant to certain Collateralized Convertible Senior Debentures issued on March 31, 2014 and December 31, 2014. The plaintiffs were seeking $1.4 million, plus interest from January 1, 2015, together with costs and fees. The Company was served with the Complaint on October 31, 2016. On November 21, 2016, the Company filed a motion to dismiss for lack of subject matter jurisdiction due to failure to plead diversity. On February 21, 2017, the plaintiffs filed a motion for leave to amend their complaint based upon declarations of citizenship filed with the court. On September 26, 2017, the motion for leave to amend was granted and the Company’s motion to dismiss was granted in part and denied in part. The Court also granted plaintiffs leave to file a Second Amended Complaint which was filed on October 2, 2017. On October 16, 2017, the Company filed Defendant’s Answer and Affirmative Defenses and Counterclaim. On November 2, 2017, the Plaintiffs filed an Answer to the Counterclaim. The parties exchanged discovery in the case. On September 27, 2018, the Plaintiffs’ filed a motion for summary judgment. On October 18, 2018, the Company filed its opposition to the motion for summary judgment. On November 8, 2018, the Plaintiff’s filed their reply to the Company’s opposition. On January 2, 2019, the Court canceled the trial previously scheduled for March 22, 2019. On April 2, 2019, the Court heard argument on the Plaintiff’s motion for summary judgment. On June 4, 2019, the Court denied Plaintiffs’ motion for summary judgment. On June 14, 2019, the Plaintiffs filed a motion for leave to file a third amended complaint. On June 26, 2019, the Company filed an opposition to the motion. On July 1, 2019, the plaintiffs filed their reply. On July 24, 2019, the Court denied the motion for leave to amend without prejudice. On June 7, 2019, the Court scheduled a mediation conference for July 11, 2019. At the mediation conference the parties reached a settlement. On December 12, 2019, the parties entered into a written Settlement Agreement. The Settlement Agreement, in addition to other terms and conditions provides, in pertinent part, as follows: i) in the event Mississippi Gaming Corporation (“MGC”) entered into a contract for the sale of the Diamondhead Property on or before December 31, 2019, the Plaintiffs would be paid the principal due under the debentures and interest stated in the debentures of four percent (4%) per annum through the payment date; ii) in the event MGC entered into a contract for the sale of the Property on or before June 30, 2020, the Plaintiffs would be paid the principal due under the debentures, interest of four percent (4%) per annum through December 31, 2019 and, beginning January 1, 2020, interest of five percent (5%) per annum through the payment date; iii) in the event MGC has not entered into a contract for the sale of the Property on or before June 30, 2020, but has done so on or before December 31, 2021, the Plaintiffs would be paid the principal due under the debentures, interest of four percent (4%) per annum through December 31, 2019 and, beginning January 1, 2020, interest of six percent (6%) per annum through the payment date; and iv) if MGC has not entered into a contract for the sale of the Property on or before December 31, 2021, the Plaintiffs will be entitled to a Judgment for the principal due under the debentures, interest of four percent (4%) per annum through December 31, 2019 and, beginning January 1, 2020, interest of six percent (6%) per annum through the date of Judgment. Following entry of Judgment, interest will accrue at the then post-judgment rate of interest charged pursuant to the laws of the State of Delaware. There is a provision for the payment of reasonable attorney’s fees to counsel for Plaintiffs in the event MGC has not entered into a contract for the sale of the Property on or before December 31, 2019. If the parties cannot agree on the amount that constitutes reasonable attorney’s fees, the parties will submit the matter to the Court for determination, but in no event will such fees exceed $160,000 unless there is a default in the Settlement Agreement. On January 13, 2020, the parties filed a Stipulation of Voluntary Dismissal with Prejudice in the case. The principal and interest pertaining to the settlement above has been accrued through December 31, 2020. CASE SETTLED John Hawley, as servicing agent for Argonaut 2000 Partners, L.P. v. Diamondhead Casino Corporation On February 28, 2019, the above-named Debenture holder filed a Complaint against the Company in the Superior Court of the State of Delaware for monies due and owing pursuant to certain Collateralized Convertible Senior Debentures issued on March 31, 2014 and December 31, 2014. The plaintiff was seeking $100,000, plus interest from January 1, 2015, together with costs and fees. The Company was served with the Complaint on March 8, 2019. On March 28, 2019, the Company filed its Answer, Affirmative Defenses and Counterclaim and Affidavit of Defense. The plaintiff in this case is represented by the same law firms that represent plaintiffs in the above-referenced case. Thus, at the mediation conference held on July 11, 2019 in the above case, the parties agreed that the same settlement agreement reached in that case would apply to the plaintiff in this case as well. A Stipulation of Dismissal With Prejudice was filed in the case on January 13, 2020. The principal and interest pertaining to the settlement above has been accrued through December 31, 2020. CASE SETTLED Sussman v. Diamondhead Casino Corporation In November 2016, the Company filed a Foreign Judgment with the Circuit Court of Montgomery County, Maryland to collect a judgment that had been entered against Plaintiff and other Petitioners who had filed a Chapter 7 Involuntary Bankruptcy Petition against the Company in the United States Bankruptcy Court for the District of Delaware. The Bankruptcy Court found that the Petition had been filed in bad faith and for improper purposes and awarded the Company attorney’s fees. In February 2017, the Plaintiff filed a Motion to Reopen and Vacate the Foreign Judgment. The Circuit Court entered judgment in favor of the Company and ordered the Plaintiff to post a cash bond with the Court in the amount of $36,000. The Plaintiff appealed the lower court’s decision to the Court of Special Appeals of Maryland which affirmed the decision. The Plaintiff then filed a Petition for Writ of Certiorari in the Court of Appeals of Maryland which denied the Petition. In March 2019, the Company collected the $36,000. CASE DECIDED Arnold J. Sussman, Robert Skaff and David J. Towner v. Diamondhead Casino Corporation On November 9, 2018, Sussman filed suit against the Company for breach of a Promissory Note issued November 10, 2010, in the principal amount of $50,000, with interest payable at 9% per annum, with a maturity date of November 10, 2012. Plaintiff sought payment of principal of $50,000 and interest due from June 30, 2012 to present. On November 28, 2018, Skaff and Towner also filed suit against the Company in the same court for breach of Promissory Notes (Case No. N18C-11-232 ALR). Skaff filed suit i) for breach of a note issued on November 29, 2010 in the principal amount of $37,500 with interest payable at 9% per annum, with a maturity date of November 29, 2012 and ii) for breach of a note issued on June 21, 2011, in the principal amount of $25,000 with interest payable at 9% per annum, with a maturity date of June 21, 2013. Towner filed suit for breach of a note issued on November 29, 2010, in the principal amount of $25,000 with interest payable at 9% per annum, with a maturity date of November 29, 2012. The cases were consolidated for hearing and trial. On February 15, 2019, the Plaintiffs filed their Consolidated Complaint. On March 7, 2019, the Company filed its Answer and Affirmative Defenses and Affidavit of Defense. On or about April 1, 2020, the Plaintiffs filed a motion for summary judgment and a brief in support thereof. The Company filed a brief in opposition. On July 13, 2020, the Court heard oral argument on the motion. On November 13, 2020, the Court granted Plaintiffs’ motion for summary judgment. On December 4, 2020, the Court entered a Final Order and Judgment in the case awarding judgment to Plaintiffs as follows: i) Sussman: $88,151.46; ii) Skaff: $109,978.93; and iii) Towner: $44,127.68. Post-judgment interest was awarded in accordance with the legal rate in Delaware (5% plus the federal discount rate). The principal and interest pertaining to the settlement above has been accrued through December 31, 2020.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2020
Subsequent Events [Abstract]
Subsequent Events	Note 16. Subsequent Events In January 2021, a fourth lien in the amount of $2,000,000 was placed on the Property to secure a non-interest-bearing note payable in the amount of $2,000,000, issued to secure amounts owed to the President of the Company for accrued, but unpaid, salary, rent and other expenses. In February 2021, a fifth lien in the amount of $658,750 was placed on the Property to secure a non-interest-bearing note payable in the amount of $658,750, issued to secure amounts owed to nine directors, including the Company’s six current directors. In April 2021, six liens were placed 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 in principal and call for the issuance of 250,000 shares of common stock. The notes are not convertible. As of the issuance date of these financial statements, no shares have been issued. In June 2021, a twelfth and thirteenth lien were placed on the Property to secure two non-interest bearing notes issued in May of 2021 which total $50,000 in principal and call for the issuance of a total of 100,000 shares of common stock. The notes are not convertible. As of the issuance date of these financial statements, no shares have been issued. In July 2021, the Company placed a fourteenth lien on the Property in July 2021 to secure a promissory note in the amount of $150,000 issued to the Chairman of the Board of the Company to secure the payment of these taxes and interest that were paid by the Chairman in July 2020. In May 2021, the Chairman of the Board of the Company paid a total of $62,610 for property taxes due for the year 2020 on the Company’s 400-acre Diamondhead, Mississippi Property plus $1,468 in related fees. The Company placed a fifteenth lien on the Property in July 2021 to secure a promissory note in the amount of $100,000 issued to the Chairman of the Board of the Company to secure the payment of these taxes and interest due thereon. In May of 2021, the Chairman of the Board of the Company loaned the Company $50,000 on the same terms and conditions as loans made by certain unrelated third parties in 2020 and 2021. The Company placed a sixteenth lien on the Property in July 2021 to secure this non-interest bearing note which totals $50,000 in principal and calls for the issuance of 100,000 shares of common stock. The notes are not convertible. As of the issuance date of these financial statements, no shares have been issued. In July 2021, a seventeenth lien was placed on the Property to secure a non-interest bearing note issued in July 2021 for $25,000 in principal and which calls for the issuance of 50,000 shares of common stock. The note is not convertible. As of the issuance date of these financial statements, no shares have been issued.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The 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 accounting principles generally accepted in the United States of America 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 Held for Development	Land Held for Development 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 December 31, 2020 and 2019: Land held for development $ 4,934,323 Licenses 77,000 Engineering and costs associated with permitting 464,774 $ 5,476,097
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 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 in the consolidated balance sheets, which approximate fair value due to their short term nature. The fair value measurement of the derivative indemnification liability at December 31, 2020 and 2019 listed in Note 8 below was developed using Level 1 inputs. The fair value measurement of the stock issuance liability was developed using Level 1 inputs as the liability was valued using quoted prices in active markets for identical assets or liabilities.
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 impairment existed as of December 31, 2020.
Employee Stock Ownership Plan	Employee Stock Ownership Plan The Company has an Employee Stock Ownership Plan (ESOP) covering substantially all employees with one or more years of service, financed by employer loans. The Company also established a trust called the Europa Cruises Corporation Employee Stock Ownership Plan Trust Agreement, to serve as the funding vehicle for the ESOP. The President and Chief Executive Officer is the sole Trustee of the Trust. Compensation expense was measured at the current market price of shares committed for release and such shares constitute outstanding shares for earnings per share computations. As the loans are repaid, shares are released from the ESOP and allocated to qualified employees based upon the proportion of payments made during the year to the remaining amount of payments due on the loans through maturity. Dividends, if any, are treated as follows: (1) stock dividends on shares allocated to participant accounts shall be credited to the participant account when paid; and (2) cash dividends on shares allocated to participant accounts shall, at the discretion of the Administrator, be credited to the participants’ Other Investment Account or be used to reduce the indebtedness to the Company, in which case, shares bearing an equal value to the cash dividend would be allocated to participant accounts. The Company has not paid any dividends on its common stock. For the years 2011 through 2020, the Company elected to temporarily suspend contributions to the Plan, in accordance with the loan pledge agreement between the Company and the ESOP Trust. For each year in which there was no contribution to the Plan, the Plan returned the 79,545 shares, which would have been allocated to employees annually, to treasury.
Income Taxes	Income Taxes Under the asset and liability method of ASC Topic 740, “Accounting for Income Taxes,” deferred tax liabilities and assets are recognized for future tax consequences attributable to differences between the financial statement carrying amounts and the tax basis of assets and liabilities. A valuation allowance is recorded to reflect the uncertainty of realization of deferred tax assets. The Company follows the provisions of ASC Topic 740, “Accounting for Uncertainty in Income Taxes.” The standard addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the consolidated financial statements. Under this standard, an entity may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. The standard also provides guidance on derecognition, classification, interest and penalties on income taxes, and accounting in interim periods and requires increased disclosures. The Company does not have a liability for unrecognized tax benefits. The Company’s policy is to record interest and penalties on uncertain tax provisions as income tax expense. As of December 31, 2020 and 2019, the Company has no accrued interest or penalties related to uncertain tax positions.
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 potentially convertible Debentures, since the requirements for possible conversion had not yet been met and may never be met. The table below summarizes the components of potential dilutive securities at December 31, 2020 and 2019. Description December 31, 2020 December 31, 2019 Convertible Preferred Stock 260,000 260,000 Options to Purchase Common Shares 4,555,000 3,415,000 Total 4,815,000 3,675,000
Stock Based Compensation	Stock Based Compensation The Company follows the provisions of ASC Topic 718 “Compensation — Stock Compensation” which requires the measurement and recognition of compensation expense for all share-based payment awards either modified or granted to employees and directors based upon estimated fair values. On November 9, 2020, the Board of Directors voted to award 1,290,000 options to purchase common stock to its six current directors, including three officers of the Company, at a strike price of $0.46 per share with an expiration date of December 31, 2023, as follows: Martin Blount: 200,000; Daniel Burstyn: 40,000; Robert Crow: 100,000; Benjamin Harrell: 360,000; Gregory Harrison: 450,000 and Deborah Vitale: 140,000. All options are vested. In determining the fair value of each option granted, the Black-Scholes option-pricing model, consistent with the provisions of ASC Topic 718, was used. The valuations were determined using the weighted-average assumptions of 0% dividend yield, expected volatility of 324% and a risk-free interest rate of 0.25%. Total stock-based compensation expense in 2020 was $831,000, including $258,000 pertaining to the options granted in 2020 and $573,000 pertaining to the modification of options extended in December 2020. No share-based awards were issued or amended in 2019. Option valuation models require the input of highly subjective assumptions, including the expected stock price volatility. The Company uses projected volatility rates, which are based upon historical volatility rates, trended into future years. Because the Company’s employee stock options have characteristics significantly different from those of traded options, and because changes in the subjective input assumptions can materially affect the fair value estimate, in management’s opinion, the existing models do not necessarily provide a reliable single measure of the fair value of the Company’s options.
Recently Issued Accounting Pronouncements Not Yet Adopted	Recently Issued Accounting Pronouncements Not Yet Adopted In November 2019, the FASB issued ASU 2019-10, Financial Instruments—Credit Losses (Topic 326), Derivative and Hedging (Topic 815, and Leases (Topic 841) In December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes (Topic 740)(“ASU 2019-12”) No other recent accounting pronouncements were issued by FASB and the SEC 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)	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Schedule of Land Development Cost Capitalized	Land development costs, which have been capitalized, consist of the following at December 31, 2020 and 2019: Land held for development $ 4,934,323 Licenses 77,000 Engineering and costs associated with permitting 464,774 $ 5,476,097
Schedule of Components of Potential Dilutive Securities	The table below summarizes the components of potential dilutive securities at December 31, 2020 and 2019. Description December 31, 2020 December 31, 2019 Convertible Preferred Stock 260,000 260,000 Options to Purchase Common Shares 4,555,000 3,415,000 Total 4,815,000 3,675,000

Accounts Payable and Accrued _2

Accounts Payable and Accrued Expenses (Tables)	12 Months Ended
	Dec. 31, 2020
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 December 31, 2020 and 2019: December 31, December 31, 2020 2019 Related parties: Accrued payroll due officers $ 2,969,711 $ 2,669,711 Accrued interest due officers and directors 1,682,152 1,336,626 Accrued director fees 658,750 568,750 Base rents due to the President 294,458 240,050 Associated rental costs 106,750 81,730 Other 17,308 17,308 Total related parties $ 5,729,129 $ 4,914,175 Non-related parties: Accrued interest 2,269,530 $ 2,006,545 Accrued dividends 965,200 863,600 Accrued fines and penalties 220,750 140,100 Other 378,200 263,115 Total non-related parties $ 3,833,680 $ 3,273,360

Convertible Notes and Line of_2

Convertible Notes and Line of Credit (Tables)	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
Schedule of Convertible Notes Payable	The table below summarizes the Company’s debt arising from the above-described sources as of December 31, 2020 and 2019: December 31, 2020 December 31, 2019 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 is due to a related party.

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2020
Equity [Abstract]
Schedule of Fixed Plan and Non-plan Options	A summary of the status of the Company’s fixed Plan and non-plan options as of December 31, 2020 and 2019, and changes during the years ended December 31, 2020 and 2019 is presented below. Shares Weighted Average Exercise Price Outstanding as of January 1, 2019 3,415,000 $ 0.44 Granted - - Exercised - - Forfeited - - Outstanding as of December 31, 2019 3,415,000 $ 0.44 Granted 1,290,000 0.46 Exercised - - Expired (150,000 ) 1.25 Forfeited - - Outstanding as of December 31, 2020 4,555,000 $ 0.41 Exercisable as of December 31, 2019 3,415,000 $ 0.44 Exercisable as of December 31, 2020 4,555,000 $ 0.41
Schedule of Stock Options Outstanding and Exercisable	The following tables summarize information about stock options outstanding and exercisable at December 31, 2020 and 2019: December 31, 2020 Options Outstanding Options Exercisable Range of Exercise Prices Number Outstanding at 12/31/20 Weighted-Average Remaining Contractual Life (Yrs.) Weighted Average Exercise Price Number Exercisable at 12/31/20 Weighted Average Exercise Price $ 0.19 2,000,000 3.0 $ 0.19 2,000,000 $ 0.19 0.30 750,000 3.0 0.30 750,000 0.30 0.75 215,000 3.0 0.75 215,000 0.75 1.75 300,000 3.0 1.75 300,000 1.75 0.46 1,290,000 3.0 0.46 1,290,000 0.46 4,555,000 4,555,000 December 31, 2019 Options Outstanding Options Exercisable Weighted- Number Average Weighted Number Weighted- Range of Outstanding Remaining Average Exercisable Average Exercise At Contractual Exercise At Exercise Prices 12/31/19 Life (Yrs.) Price 12/31/19 Price $ .19 2,000,000 1.0 $ .19 2,000,000 $ .19 .30 750,000 1.0 .30 750,000 .30 .75 215,000 1.0 .75 215,000 .75 1.25 150,000 1.0 (b) 1.25 150,000 1.25 1.75 300,000 (a) $ 1.75 300,000 $ 1.75 3,415,000 3,415,000 (a) These options expire upon payment in full of an outstanding note payable with an original due date of November 1, 2012. The note payable remains outstanding at December 31, 2020 and 2019. (b) These options expired at December 31, 2020 and are not included in the 2020 table above.

Organization and Business (Deta

Organization and Business (Details Narrative)	Dec. 31, 2020a
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Area of land, owned	400

Liquidity and Going Concern (De

Liquidity and Going Concern (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net loss applicable to common stockholders	$ (2,325,145)	$ (1,377,616)
Accumulated deficit	(41,773,364)	(39,448,219)
Accounts payable and accrued expenses	9,562,808
Cash on hand	$ 88,711	$ 1,966

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	Nov. 09, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Impairment of long-lived assets
Returned treasury stock		79,545
Accrued interest or penalties related to uncertain tax positions
Antidilutive securities excluded from computation of earnings per share		4,815,000	3,675,000
Number of options previously granted to purchase of common stock		1,290,000
Exercise price of options granted		$ 0.46
Dividend yield		0.00%
Expected volatility		324.00%
Risk-free interest rate		0.25%
Stock based compensation		$ 831,000		$ 21,570
Stock Option Plan [Member] | Minimum [Member]
Stock based compensation		258,000
Stock Option Plan [Member] | Maximum [Member]
Stock based compensation		$ 573,000
Employee Stock Option [Member] | Six Current Directors and Three Officers [Member]
Share-based payment awards, description	On November 6, 2020, the Board of Directors of the Company voted to extend to December 31, 2023.
Number of options previously granted to purchase of common stock	1,290,000
Exercise price of options granted	$ 0.46
Options expiration date	Dec. 31, 2023
Employee Stock Option [Member] | Martin Blount [Member]
Number of options previously granted to purchase of common stock	200,000
Employee Stock Option [Member] | Daniel Burstyn [Member]
Number of options previously granted to purchase of common stock	40,000
Employee Stock Option [Member] | Robert Crow [Member]
Number of options previously granted to purchase of common stock	100,000
Employee Stock Option [Member] | Benjamin Harrell [Member]
Number of options previously granted to purchase of common stock	360,000
Employee Stock Option [Member] | Gregory Harrison [Member]
Number of options previously granted to purchase of common stock	450,000
Employee Stock Option [Member] | Deborah Vitale [Member]
Number of options previously granted to purchase of common stock	140,000
Convertible Debentures [Member]
Antidilutive securities excluded from computation of earnings per share		5,055,555

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Land Development Cost Capitalized (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Total land	$ 5,476,097	$ 5,476,097
Land Held for Development [Member]
Total land	4,934,323	4,934,323
Licenses [Member]
Total land	77,000	77,000
Engineering and Costs Associated With Permitting [Member]
Total land	$ 464,774	$ 464,774

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Schedule of Components of Potential Dilutive Securities (Details) - shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Total	4,815,000	3,675,000
Convertible Preferred Stock [Member]
Total	260,000	260,000
Options to Purchase Common Shares [Member]
Total	4,555,000	3,415,000

Accounts Payable and Accrued _3

Accounts Payable and Accrued Expenses - Schedule of Accounts Payable and Accrued Expenses (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Payables and Accruals [Abstract]
Accrued payroll due officers	$ 2,969,711	$ 2,669,711
Accrued interest due officers and directors	1,682,152	1,336,626
Accrued director fees	658,750	568,750
Base rents due to the President	294,458	240,050
Associated rental costs	106,750	81,730
Other	17,308	17,308
Total related parties	5,729,129	4,914,175
Accrued interest	2,269,530	2,006,545
Accrued dividends	965,200	863,600
Accrued fines and penalties	220,750	140,100
Other	378,200	263,115
Total non-related parties	$ 3,833,680	$ 3,273,360

Convertible Notes and Line of_3

Convertible Notes and Line of Credit (Details Narrative) - USD ($)	Oct. 25, 2010	Mar. 01, 2010	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2008	Nov. 30, 2020	Oct. 31, 2017	Sep. 26, 2014
Line of credit facility, maximum borrowing capacity					$ 1,000,000
Line of credit interest rate					9.00%
Debt instrument, maturity date					Nov. 1, 2012
Debt instrument, face amount			$ 521,605	$ 437,321
Debt instrument, interest rate, stated percentage								4.00%
Convertible notes			1,962,500	1,962,500
Private Placement [Member]
Convertible notes			962,500	962,500
Line of Credit [Member]
Number of options awarded					50,000
Share-based compensation arrangement by share-based payment award, options, vested, weighted average grant date fair value					$ 1.75
Line of credit, principal and accrued interest			2,033,175	1,943,422
Line of Credit [Member] | Lender [Member] | Maximum [Member]
Number of options awarded					250,000
Share-based compensation arrangement by share-based payment award, options, vested, weighted average grant date fair value					$ 1.75
Convertible Promissory Note [Member]
Debt instrument, face amount							$ 150,000
Convertible Promissory Note [Member] | March 1, 2010 Private Placement [Member]
Debt instrument, term		2 years
Debt instrument, face amount		$ 25,000
Debt instrument, interest rate, stated percentage		12.00%
Debt instrument, convertible, number of equity instruments		50,000
Debt instrument, convertible, terms of conversion feature		The Promissory Notes were convertible into 50,000 shares of common stock of the Company upon issuance and for a period of five years at the option of the investor.
Convertible Promissory Note [Member] | October 25, 2010 Private Placement [Member]
Debt instrument, term	2 years
Debt instrument, face amount	$ 25,000
Debt instrument, interest rate, stated percentage	9.00%
Debt instrument, convertible, number of equity instruments	50,000
Debt instrument, convertible, terms of conversion feature	Convertible into 50,000 shares of common stock of the Company upon issuance and for a period of five years at the option of the investor. The conversion rights have expired.
Convertible notes			487,500	487,500
Convertible Promissory Note [Member] | Private Placement [Member]
Convertible notes			962,500	962,500
Debt instrument principal and interest						$ 486,796
Accrued interest			$ 854,847	$ 754,991

Convertible Notes and Line of_4

Convertible Notes and Line of Credit - Schedule of Convertible Notes Payable (Details) - USD ($)		Dec. 31, 2020	Dec. 31, 2019
Convertible notes payable		$ 1,962,500	$ 1,962,500
March 1, 2010 Private Placement [Member] | Convertible Promissory Note [Member]
Convertible notes payable	[1]	475,000	475,000
October 25, 2010 Private Placement [Member] | Convertible Promissory Note [Member]
Convertible notes payable		487,500	487,500
Private Placement [Member]
Convertible notes payable		962,500	962,500
Private Placement [Member] | Convertible Promissory Note [Member]
Convertible notes payable		$ 962,500	$ 962,500
[1]	Of the 2010 placements above, $75,000 is due to a related party.

Convertible Notes and Line of_5

Convertible Notes and Line of Credit - Schedule of Convertible Notes Payable (Details) (Parenthetical) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
March 1, 2010 Private Placement [Member] | Convertible Promissory Note [Member]
Due to a related party	$ 75,000	$ 75,000

Convertible Debentures (Details

Convertible Debentures (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2008	Dec. 31, 2019	Sep. 26, 2014
Debt instrument face amount	$ 521,605		$ 437,321
Debt instrument, interest rate, stated percentage				4.00%
Convertible debenture payable	1,800,000		1,785,269
Debt maturity date		Nov. 1, 2012
February 14, 2014 Private Placement [Member] | Convertible Senior Debentures [Member]
Maximum offering amount	3,000,000
Debt instrument face amount	$ 3,000,000
Debt instrument, interest rate, stated percentage	4.00%
Debt instrument, maturity date, description	Mature six years from the date of issuance
February 14, 2014 Private Placement [Member] | Convertible Senior Debentures [Member] | Tranche 1 [Member]
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 debenture payable	$ 950,000
February 14, 2014 Private Placement [Member] | Convertible Senior Debentures [Member] | Tranche 2 [Member]
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 debenture payable	$ 850,000
February 14, 2014 Private Placement [Member] | Convertible Senior Debentures [Member] | Tranche 3 [Member]
Collateralized convertible senior debentures	$ 1,000,000
February 14, 2014 Private Placement [Member] | Convertible Senior Debentures [Member] | Tranche 3 [Member] | Minimum [Member]
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 Senior Debentures [Member] | Tranche 3 [Member] | Maximum [Member]
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]
Convertible debenture payable	$ 50,000
Third Tranche Debentures [Member]
Debt maturity date	Mar. 31, 2020
Debentures [Member]
Debt instrument face amount	$ 427,081
Convertible Debentures [Member]
Accrued interest due	$ 427,081		$ 353,233

Short Term Notes and Interest_2

Short Term Notes and Interest Bearing Advance (Details Narrative) - USD ($)	Jun. 09, 2017	Feb. 02, 2017	Aug. 25, 2016	Dec. 31, 2016	Dec. 31, 2008	Dec. 31, 2020	Dec. 31, 2019	Sep. 26, 2014
Debt interest rate								4.00%
Debt instrument, maturity date					Nov. 1, 2012
Line of credit facility, maximum borrowing capacity					$ 1,000,000
Short term borrowings						$ 80,504	$ 80,504
Unrelated Third Party [Member]
Debt interest rate		12.50%
Accrued interest						12,217	9,092
Short term borrowings		$ 25,000
Seven Lenders [Member]
Cash received advances				$ 47,500
Three Current Directors [Member]
Cash received advances				$ 22,500
Seven Lenders and Three Current Directors [Member]
Debt interest rate			8.00%
Accrued interest						10,000	8,000
Debt matures term			4 years
Lender [Member]
Increase in interest rate per annum		3.00%
Promissory Note [Member]
Proceeds from notes payable	$ 15,000
Debt interest rate	12.50%
Debt instrument, maturity date	Jun. 9, 2019
Accrued interest						6,677	4,803
Bank Credit Facility [Member]
Line of credit facility, maximum borrowing capacity						15,000
Line of credit						$ 18,004	$ 18,004
Bank Credit Facility [Member] | Direct Charges [Member]
Line of credit, interest rate						11.24%
Bank Credit Facility [Member] | Cash Advanced Through Facility [Member]
Line of credit, interest rate						24.99%

Current Notes Payable Due to _2

Current Notes Payable Due to Related Parties (Details Narrative)

Aug. 21, 2018USD ($)

Jun. 30, 2018USD ($)

Jul. 24, 2017USD ($)

Aug. 25, 2016

Jul. 31, 2021USD ($)

Jul. 30, 2020USD ($)a

Mar. 31, 2018USD ($)

Jul. 31, 2017USD ($)a

Dec. 31, 2016USD ($)

Dec. 31, 2020USD ($)a

Dec. 31, 2019USD ($)

Nov. 30, 2018USD ($)

Jun. 09, 2017

Sep. 26, 2014

Dec. 31, 2008USD ($)

Debt instrument, interest rate, stated percentage

4.00%

Proceeds from related parties

$ 84,284

$ 164,473

Area of land, owned | a

400

Debt instrument, face amount

$ 521,605

437,321

Repayment of related party debt

36,167

Credit facilities, maximum amount

$ 1,000,000

Promissory Note [Member]

Debt instrument, interest rate, stated percentage

12.50%

Accrued interest due

6,677

4,803

Mississippi Gaming Corporation [Member] | Secured Promissory Note [Member]

Accrued interest due

39,050

28,906

Chairman [Member]

Debt instrument, interest rate, stated percentage

15.00%

Debt instrument, face amount

$ 200,000

$ 100,000

Terms on advances from chairman description

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. The Chairman will provide the Company with the documentation required to document the sale of said stock and to calculate the losses on said stock for all amounts loaned to the Company from the sale of said stock. On June 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 to cover the principal and interest due with respect to this note. On August 21, 2018, Mississippi Gaming Corporation placed a third lien on the Diamondhead Property to secure this obligation for $200,000.

Chairman [Member] | March 2018 and March 2019 [Member]

Accrued interest due

140,433

80,384

Debt instrument, face amount

467,953

Repayment of related party debt

16,250

Board of Directors [Member] | March 2019 [Member]

Debt instrument, face amount

$ 200,000

Chairman of the Board [Member]

Area of land, owned | a

400

Taxes due

$ 67,076

Property related fees

$ 1,573

Chairman of the Board [Member] | July, 2021 [Member]

Payments of secured debt

$ 150,000

President [Member]

Debt instrument, interest rate, stated percentage

9.00%

Proceeds from related parties

$ 20,000

Secured obligation

$ 100,000

Repayment of related party debt

$ 19,917

Due from officers

53,652

Incurred expenses

18,000

President [Member] | Loan One [Member]

Loan amount

$ 25,000

25,000

President [Member] | Loan Two [Member]

Loan amount

15,000

15,000

President [Member] | Two Loans [Member]

Credit facilities, maximum amount

15,000

President [Member] | Third Lien [Member]

Loan amount

100,000

President [Member] | Secured Promissory Note [Member]

Accrued interest due

22,635

14,278

Maximum [Member] | Board of Directors [Member]

Proceeds from related parties

$ 100,000

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]

Secured promissory note

$ 100,000

Level 1 [Member]

Fair value of derivative liability

0

0

Payable During any Calendar Year [Member]

Debt instrument, interest rate, stated percentage

11.00%

Mississippi Property [Member]

Area of land, owned | a

400

Diamondhead Property [Member]

Secured promissory note

400,000

Seven Lenders [Member]

Cash received advances

$ 47,500

Three Current Directors [Member]

Cash received advances

22,500

Seven Lenders and Three Current Directors [Member]

Debt matures term

4 years

Debt instrument, interest rate, stated percentage

8.00%

Accrued interest due

10,000

8,000

Chairman of the Board of Directors [Member]

Debt instrument, interest rate, stated percentage

14.00%

Proceeds from related parties

$ 90,000

Increase (decrease) in property and other taxes payable

$ 67,628

Chairman of the Board of Directors [Member] | Promissory Note [Member]

Accrued interest due

55,682

$ 43,082

Chairman [Member]

Secured obligation

100,000

Chairman [Member] | Promissory Note [Member]

Secured obligation

$ 200,000

Chairman [Member] | Maximum [Member]

Secured promissory note

100,000

Chairman [Member] | Maximum [Member] | Promissory Note [Member]

Secured promissory note

$ 200,000

Chairman of Board [Member] | Diamondhead Property [Member]

Secured promissory note

300,000

President [Member] | Diamondhead Property [Member]

Secured promissory note

$ 100,000

Notes Payable Due Others (Detai

Notes Payable Due Others (Details Narrative) - USD ($)	1 Months Ended			12 Months Ended
	Apr. 30, 2021	Dec. 31, 2020	Oct. 31, 2017	Dec. 31, 2020	Dec. 31, 2019	Sep. 26, 2014
Debt instrument, face amount		$ 521,605		$ 521,605	$ 437,321
Debt instrument, interest rate, stated percentage						4.00%
Proceeds from short-term notes payable				100,000
Debt instrument, original issue discount rate		46,135		46,135	$ 0
Change in fair value liability				26,250
Debt instrument, interest expense				2,165
Four Year Note Issued in Settlement [Member]
Legal fees paid in settlement			$ 50,000
Debt instrument term			4 years
Debt instrument, interest rate, stated percentage			0.00%
Convertible Promissory Note [Member]
Debt instrument, face amount			$ 150,000
Three Promissory Notes [Member] | Unrelated Lenders [Member]
Debt instrument, face amount		126,250		126,250
Proceeds from short-term notes payable		100,000
Debt instrument, original issue discount rate		$ 26,250		26,250
Debt instrument maturity date, description		The notes are non-interest bearing and mature in December 2021, one year after the notes' issuances.
Three Promissory Notes [Member] | Unrelated Lenders [Member] | Common Stock [Member]
Debt instrument, original issue discount rate		$ 130,115		$ 130,115
Three Promissory Notes [Member] | Unrelated Lenders [Member] | Subsequent Event [Member] | Common Stock [Member]
Debt instrument, call feature	There is a call for the issuance of 125,000 shares of common stock in connection with the notes and liens, however, no shares have been issued to date.
Stock issuance during period new issue shares	125,000
Change in fair value liability	$ 22,050

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Sep. 26, 2014
Debt instrument, interest rate, stated percentage			4.00%
Monthly base rent	$ 4,534
Base rent expense	54,408
Associated rental costs	25,020
Payments associated with base rents
Current and Former Directors [Member]
Accrued directors fees	658,750	$ 568,750
President [Member]
Accrued payroll due officers	$ 2,691,996
Debt instrument, interest rate, stated percentage	9.00%
Accrued rent	$ 381,032	321,780
Vice President and Current Chairman of Board of Directors [Member]
Accrued payroll due officers	121,140
Management [Member]
Interest expense	245,360	218,365
Accrued interest	1,339,799	$ 1,094,439
Directors [Member]
Directors fees	$ 15,000

Stockholders' Equity (Details N

Stockholders' Equity (Details Narrative) - USD ($)	Nov. 09, 2020	Nov. 06, 2020	Jan. 03, 2018	Dec. 19, 1988	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Mar. 31, 1994
Share-based compensation arrangement by share-based payment award, options, outstanding, number					4,555,000	3,415,000	3,415,000
Stock-based compensation expense					$ 831,000		$ 21,570
Number of options previously granted to purchase of common stock					1,290,000
Exercise price of options granted					$ 0.46
Exercises in Period
Preferred stock, par or stated value per share					$ 0.01	$ 0.01
Preferred stock, shares outstanding					2,086,000	2,086,000
Cumulative dividends
Preferred stock, dividend payment description							The Company did not pay any dividends due on its preferred stock in 2019 or 2018
Series S Preferred Stock [Member]
Preferred stock, par or stated value per share					$ 0.01
Preferred stock, redemption terms					These shares may be redeemed at the option of the Company at $1.08 per share plus $.0108 per share for each quarter that such shares are outstanding for a total of $2.18 per share at December 31, 2020.
Preferred stock, liquidation preference per share					$ 1.08
Preferred stock, shares outstanding					926,000	926,000
Cumulative dividends					$ 285,000	$ 255,000
Series S-NR Preferred Stock [Member]
Preferred stock, par or stated value per share					$ 0.01
Preferred stock, liquidation preference per share					$ 1.11
Preferred stock, shares outstanding					900,000	900,000
Non-cumulative dividends in arrears					$ 285,000	$ 255,000
Series S-PIK Preferred Stock [Member]
Preferred stock, liquidation preference per share					$ 2
Preferred stock, shares outstanding					260,000	260,000		1,000,000
Cumulative dividends					$ 395,200	$ 353,600
Convertible preferred stock, terms of conversion					Each share of Series S-PIK preferred stock is convertible into one share of the Company's common voting stock at any time after February 15, 1995.
Conversion of stock shares converted
Preferred stock, dividend rate, per-dollar-amount					$ 0.04
Series S-PIK Preferred Stock [Member] | Common Stock [Member]
Preferred stock, par or stated value per share								$ 0.001
Stock Option Plan [Member]
Stock-based compensation expense					$ 573,000
Number of shares purchase stock options granted				1,000,000
Common stock reserved shares for issuance				1,000,000
Expiration Period				10 years
Shares Issued in Period
Exercises in Period
Stock Option Plan [Member] | Minimum [Member]
Share-based compensation arrangement by share-based payment award, exercise options percentage				100.00%
Stock Option Plan [Member] | Minimum [Member]
Stock-based compensation expense					$ 258,000
Directors [Member]
Option to Extend		The Board of Directors voted to extend 2,965,000 of these outstanding options from December 31, 2020 to December 31, 2023. Accordingly, 150,000 of these 3,115,000 options expired at December 31, 2020.
Six Current Directors and Three Officers [Member] | Employee Stock Option [Member]
Share-based payment awards, description	On November 6, 2020, the Board of Directors of the Company voted to extend to December 31, 2023.
Number of options previously granted to purchase of common stock	1,290,000
Exercise price of options granted	$ 0.46
Options expiration date	Dec. 31, 2023
Martin Blount [Member] | Employee Stock Option [Member]
Number of options previously granted to purchase of common stock	200,000
Daniel Burstyn [Member] | Employee Stock Option [Member]
Number of options previously granted to purchase of common stock	40,000
Robert Crow [Member] | Employee Stock Option [Member]
Number of options previously granted to purchase of common stock	100,000
Benjamin Harrell [Member] | Employee Stock Option [Member]
Number of options previously granted to purchase of common stock	360,000
Gregory Harrison [Member] | Employee Stock Option [Member]
Number of options previously granted to purchase of common stock	450,000
Deborah Vitale [Member] | Employee Stock Option [Member]
Number of options previously granted to purchase of common stock	140,000
Board of Directors Chairman [Member]
Share-based compensation non option plan extended date description			Extend from March 13, 2018 to December 31, 2020
Share-based compensation arrangement by share-based payment award, options, outstanding, number			3,115,000

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of Fixed Plan and Non-plan Options (Details) - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Equity [Abstract]
Options, Outstanding, Beginning Balance	3,415,000	3,415,000
Options, Granted	1,290,000
Options, Exercised
Options, Expired	(150,000)
Options, Forfeited
Options, Outstanding, Ending Balance	4,555,000	3,415,000	3,415,000
Options, Exercisable, Ending Balance	4,555,000	3,415,000
Options, Outstanding, Weighted Average Exercise Price, Beginning Balance	$ 0.44	$ 0.44
Options, Granted, Weighted Average Exercise Price	0.46
Options, Exercise, Weighted Average Exercise Price
Options, Expired, Weighted Average Exercise Price	1.25
Options, Forfeited, Weighted Average Exercise Price
Options, Outstanding, Weighted Average Exercise Price, Ending Balance	0.41	0.44	$ 0.44
Weighted-average fair value of options granted during the year	$ 0.41	$ 0

Stockholders' Equity - Schedu_2

Stockholders' Equity - Schedule of Stock Options Outstanding and Exercisable (Details) - $ / shares		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019
Number Outstanding		4,555,000	3,415,000
Number of Exercisable Options		4,555,000	3,415,000
Exercise Price Range One [Member]
Range of Exercise Prices		$ 0.19	$ 0.19
Number Outstanding		2,000,000	2,000,000
Options Outstanding, Weighted Average Remaining Contractual Life (Yrs)		3 years	1 year
Outstanding Options, Weighted Average Exercise Price		$ 0.19	$ 0.19
Number of Exercisable Options		2,000,000	2,000,000
Exercisable Options, Weighted Average Exercise Price		$ 0.19	$ 0.19
Exercise Price Range Two [Member]
Range of Exercise Prices		$ 0.30	$ 0.30
Number Outstanding		750,000	750,000
Options Outstanding, Weighted Average Remaining Contractual Life (Yrs)		3 years	1 year
Outstanding Options, Weighted Average Exercise Price		$ 0.30	$ 0.30
Number of Exercisable Options		750,000	750,000
Exercisable Options, Weighted Average Exercise Price		$ 0.30	$ 0.30
Exercise Price Range Three [Member]
Range of Exercise Prices		$ 0.75	$ 0.75
Number Outstanding		215,000	215,000
Options Outstanding, Weighted Average Remaining Contractual Life (Yrs)		3 years	1 year
Outstanding Options, Weighted Average Exercise Price		$ 0.75	$ 0.75
Number of Exercisable Options		215,000	215,000
Exercisable Options, Weighted Average Exercise Price		$ 0.75	$ 0.75
Exercise Price Range Five [Member]
Range of Exercise Prices		$ 1.75	$ 1.75
Number Outstanding		300,000	300,000
Options Outstanding, Weighted Average Remaining Contractual Life (Yrs)		3 years	0 years	[1]
Outstanding Options, Weighted Average Exercise Price		$ 1.75	$ 1.75
Number of Exercisable Options		300,000	300,000
Exercisable Options, Weighted Average Exercise Price		$ 1.75	$ 1.75
Exercise Price Range Six [Member]
Range of Exercise Prices		$ 0.46
Number Outstanding		1,290,000
Options Outstanding, Weighted Average Remaining Contractual Life (Yrs)		3 years
Outstanding Options, Weighted Average Exercise Price		$ 0.46
Number of Exercisable Options		1,290,000
Exercisable Options, Weighted Average Exercise Price		$ 0.46
Exercise Price Range Four [Member]
Range of Exercise Prices			$ 1.25
Number Outstanding			150,000
Options Outstanding, Weighted Average Remaining Contractual Life (Yrs)	[2]		1 year
Outstanding Options, Weighted Average Exercise Price			$ 1.25
Number of Exercisable Options			150,000
Exercisable Options, Weighted Average Exercise Price			$ 1.25
[1]	These options expire upon payment in full of an outstanding note payable with an original due date of November 1, 2012. The note payable remains outstanding at December 31, 2020 and 2019.
[2]	These options expired at December 31, 2020 and are not included in the 2020 table above.

Employee Stock Ownership Plan (

Employee Stock Ownership Plan (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Fair market value, shares	1,909,100
Fair market value	$ 400,911
ttreasury stock reissued, shares	79,545	79,545
Treasury stock reissued, value	$ 16,704	$ 1,194
Employee Stock Ownership Plan [Member]
Equity ownership percentage	8.00%

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Net operating loss carryforwards	$ 10,300,000	$ 11,500,000
Net operating loss carryforwards, expiration date	Expire during various periods through 2040.
Federal statutory income tax rate	21.00%
Deferred tax assets valuation allowance	$ 2,200,000	$ 2,400,000
Effective income tax rate	0.00%	0.00%
Deferred income tax assets
Valuation allowance decreased	$ 249,000	$ 254,000

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative) - USD ($)	Sep. 26, 2014	Dec. 31, 2020	Dec. 31, 2019	Aug. 21, 2018	Dec. 16, 2016	Dec. 31, 2014	Mar. 31, 2014
Debt instrument, face amount		$ 521,605	$ 437,321
Accrued current delinquent filings		378,200	263,115
Employee Stock Ownership Plan [Member]
Accrued current delinquent filings		$ 220,750	$ 140,100
Notes Payable Principal Due [Member]
Debt instrument, face amount					$ 137,500
Second Lien [Member]
Amount owed					$ 250,000
Third Lien [Member] | Diamondhead Property [Member]
Amount owed				$ 400,000
Casinos Austria Maritime Corporation [Member] | Management Agreement [Member]
Commitment description		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.
Collateralized Convertible Senior Debentures [Member] | Investors Lien [Member] | Mississippi Property [Member]
Secure principal and interest amount due	$ 1,850,000
Collateralized Convertible Senior Debentures [Member] | Executives Lien [Member] | Mississippi Property [Member]
Amount owed		$ 2,000,000
Collateralized Convertible Senior Debentures [Member] | Tranche 1 [Member] | Investors Lien [Member]
Debt instrument, face amount							$ 1,000,000
Collateralized Convertible Senior Debentures [Member] | Tranche 2 [Member] | Investors Lien [Member]
Debt instrument, face amount						$ 850,000

Pending and Threatened Litiga_2

Pending and Threatened Litigation (Details Narrative) - USD ($)

Dec. 04, 2020

Dec. 12, 2019

Feb. 28, 2019

Nov. 28, 2018

Nov. 09, 2018

Jun. 09, 2017

Nov. 30, 2016

Oct. 25, 2016

Dec. 31, 2020

Dec. 31, 2008

Dec. 31, 2019

Sep. 26, 2014

Debt instrument, face amount

$ 521,605

$ 437,321

Debt instrument, interest rate, stated percentage

4.00%

Debt instrument maturity date

Nov. 1, 2012

Federal discount, Description

Post-judgment interest was awarded in accordance with the legal rate in Delaware (5% plus the federal discount rate). The principal and interest pertaining to the settlement above has been accrued through December 31, 2020.

Promissory Note [Member]

Debt instrument, interest rate, stated percentage

12.50%

Debt instrument maturity date

Jun. 9, 2019

Seven Debenture Holders US District Court Case [Member]

Loss contingency, damages sought, value

$ 100,000

$ 1,400,000

Settlement Agreement [Member] | Mississippi Gaming Corporation [Member]

Debt instrument, interest rate description

i) in the event Mississippi Gaming Corporation ("MGC") entered into a contract for the sale of the Diamondhead Property on or before December 31, 2019, the Plaintiffs would be paid the principal due under the debentures and interest stated in the debentures of four percent (4%) per annum through the payment date; ii) in the event MGC entered into a contract for the sale of the Property on or before June 30, 2020, the Plaintiffs would be paid the principal due under the debentures, interest of four percent (4%) per annum through December 31, 2019 and, beginning January 1, 2020, interest of five percent (5%) per annum through the payment date; iii) in the event MGC has not entered into a contract for the sale of the Property on or before June 30, 2020, but has done so on or before December 31, 2021, the Plaintiffs would be paid the principal due under the debentures, interest of four percent (4% ) per annum through December 31, 2019 and, beginning January 1, 2020, interest of six percent (6%) per annum through the payment date; and iv) if MGC has not entered into a contract for the sale of the Property on or before December 31, 2021, the Plaintiffs will be entitled to a Judgment for the principal due under the debentures, interest of four percent (4%) per annum through December 31, 2019 and, beginning January 1, 2020, interest of six percent (6%) per annum through the date of Judgment.

Attorneys fees

$ 160,000

Court of Special Appeals [Member]

Settlement amount

$ 36,000

Sussman [Member]

Loss contingency, damages sought, value

$ 50,000

Debt instrument maturity date

Jun. 30, 2012

Sussman [Member] | Settled Litigation [Member]

Loss contingency, damages sought, value

$ 88,151

Sussman [Member] | Promissory Note [Member] | November 10, 2010 [Member]

Debt instrument, face amount

$ 50,000

Debt instrument, interest rate, stated percentage

9.00%

Debt instrument maturity date

Nov. 10, 2012

Skaff and Towner [Member] | Promissory Note [Member] | November 29, 2010 [Member]

Debt instrument, face amount

$ 37,500

Debt instrument, interest rate, stated percentage

9.00%

Debt instrument maturity date

Nov. 29, 2012

Skaff and Towner [Member] | Promissory Note [Member] | June 21, 2011 [Member]

Debt instrument, face amount

$ 25,000

Debt instrument, interest rate, stated percentage

9.00%

Debt instrument maturity date

Jun. 21, 2013

Towner [Member] | Settled Litigation [Member]

Loss contingency, damages sought, value

44,128

Towner [Member] | Promissory Note [Member] | November 29, 2010 [Member]

Debt instrument, face amount

$ 25,000

Debt instrument, interest rate, stated percentage

9.00%

Debt instrument maturity date

Nov. 29, 2012

Skaff [Member] | Settled Litigation [Member]

Loss contingency, damages sought, value

$ 109,979

Subsequent Events (Details Narr

Subsequent Events (Details Narrative)	Jun. 30, 2021USD ($)shares	Jul. 31, 2021USD ($)shares	Apr. 30, 2021USD ($)shares	May 31, 2021USD ($)a	Feb. 28, 2021USD ($)	Jan. 31, 2021USD ($)	Dec. 31, 2020USD ($)a	Dec. 31, 2019USD ($)
Non-interest-bearing note payable							$ 521,605	$ 437,321
Area of land | a							400
Subsequent Event [Member] | Unrelated Third Party [Member]
Non-interest-bearing note payable				$ 50,000
Subsequent Event [Member] | President [Member]
Property taxes payable				$ 62,610
Area of land | a				400
Related fees to pay the property taxes				$ 1,468
Additional funds advanced				$ 1,934
Subsequent Event [Member] | Diamondhead Property [Member] | Secured Promissory Note [Member]
Payments of secured debt		$ 100,000
Subsequent Event [Member] | Fourth Lien [Member] | President [Member]
Non-interest-bearing note payable						$ 2,000,000
Subsequent Event [Member] | Fourth Lien [Member] | Diamondhead Property [Member]
Amount owed						$ 2,000,000
Subsequent Event [Member] | Fifth Lien [Member] | Directors [Member]
Non-interest-bearing note payable					$ 658,750
Subsequent Event [Member] | Fifth Lien [Member] | Diamondhead Property [Member]
Amount owed					$ 658,750
Subsequent Event [Member] | Six Lien [Member] | Diamondhead Property [Member] | Lender [Member]
Non-interest-bearing note payable			$ 252,500
Subsequent Event [Member] | Six Lien [Member] | Diamondhead Property [Member] | Lender [Member] | Common Stock [Member]
Number of shares issuable | shares			250,000
Subsequent Event [Member] | Twelfth and Thirteenth Lien [Member] | Diamondhead Property [Member]
Non-interest-bearing note payable	$ 50,000
Subsequent Event [Member] | Twelfth and Thirteenth Lien [Member] | Diamondhead Property [Member] | Common Stock [Member]
Number of shares issuable | shares	100,000
Subsequent Event [Member] | Fourteenth Lien [Member] | Diamondhead Property [Member] | Board of Directors Chairman [Member]
Promissory note payable		150,000
Subsequent Event [Member] | Sixteenth Lien [Member] | Diamondhead Property [Member]
Non-interest-bearing note payable		$ 50,000
Number of shares issuable | shares		100,000
Subsequent Event [Member] | Seven Lien [Member] | Diamondhead Property [Member]
Non-interest-bearing note payable		$ 25,000
Number of shares issuable | shares		50,000