Diamondhead Casino (DHCC) 10-Q 15 May 23 2023 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2023	May 12, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2023
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity File Number	0-17529
Entity Registrant Name	DIAMONDHEAD CASINO CORPORATION
Entity Central Index Key	0000844887
Entity Tax Identification Number	59-2935476
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	1013 Princess Street
Entity Address, City or Town	Alexandria
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	22314
City Area Code	703
Local Phone Number	683-6800
Entity Current Reporting Status	Yes
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		36,297,576

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Current assets:
Cash	$ 15,089	$ 55,885
Total current assets	15,089	55,885
Land (Note 3)	5,476,097	5,476,097
Other assets	80	80
Total assets	5,491,266	5,532,062
Current liabilities:
Accounts payable and accrued expenses due related parties (Note 4)	$ 7,753,132	$ 7,462,182
Accounts Payable, Related and Nonrelated Party Status [Extensible Enumeration]	Related Party [Member]	Related Party [Member]
Accounts payable and accrued expenses - others (Note 4)	$ 5,063,114	$ 4,918,538
Convertible notes and line of credit payable (Note 5)	1,962,500	1,962,500
Debenture payable (Note 6)	50,000	50,000
Convertible debenture payable (Note 6)	1,800,000	1,800,000
Short term notes and interest bearing advance (Note 7)	80,504	80,504
Notes payable due related parties (net of unamortized debt discount of $17,699 and $0, respectively) (Note 8)	727,952	$ 720,651
Notes Payable, Current, Related and Nonrelated Party Status [Extensible Enumeration]		Related Party [Member]
Notes payable due others (net of unamortized debt discount of $2,703 and $24,937, respectively) (Note 9)	554,797	$ 532,563
Total liabilities	17,991,999	17,526,938
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 March 31, 2023 and December 31, 2022 (aggregate liquidation preference of $2,519,080 at March 31, 2023 and December 31, 2022)	20,860	20,860
Common stock, $0.001 par value; shares authorized 50,000,000, issued: 39,052,472 at March 31, 2023 and December 31 2022, outstanding: 36,297,576 at March 31, 2023 and December 31, 2022	39,052	39,052
Additional paid-in capital	36,139,578	36,122,078
Unearned ESOP shares	(2,609,264)	(2,609,264)
Accumulated deficit	(45,874,732)	(45,351,375)
Treasury stock, at cost, 1,004,886 shares at March 31, 2023 and December 31, 2022	(216,227)	(216,227)
Total stockholders’ deficit	(12,500,733)	(11,994,876)
Total liabilities and stockholders’ deficit	$ 5,491,266	$ 5,532,062

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Debt instrument unamortized discount	$ 17,699	$ 0
Debt instrument unamortized discount premium net	$ 2,703	$ 24,937
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	1,004,886	1,004,886

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
COSTS AND EXPENSES
Administrative and general	$ 200,293	$ 183,984
Other	16,912	17,363
Total costs and expenses	217,205	201,347
Interest expense:
Related parties	$ 171,703	$ 156,785
Interest Expense, Related and Nonrelated Party Status [Extensible Enumeration]	Related Party [Member]	Related Party [Member]
Other	$ 109,049	$ 113,390
Total other expense	280,752	270,175
NET LOSS	(497,957)	(471,522)
PREFERRED STOCK DIVIDENDS	(25,400)	(25,400)
NET LOSS APPLICABLE TO COMMON STOCKHOLDERS	$ (523,357)	$ (496,922)
Weighted average common shares outstanding - basic and diluted	36,297,576	36,297,576
Net loss per common share - basic and diluted	$ (0.01)	$ (0.01)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Stockholders' Deficiency (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Balances	$ (11,994,876)	$ (10,147,151)
Common stock to be issued in connection with notes payable - related parties	17,500	64,000
Stock-based compensation		11,480
Dividends	(25,400)	(25,400)
Net loss	(497,957)	(471,522)
Balances	(12,500,733)	(10,568,593)
Preferred Stock [Member]
Balances	$ 20,860	$ 20,860
Balance, shares	2,086,000	2,086,000
Common stock to be issued in connection with notes payable - related parties
Stock-based compensation
Dividends
Net loss
Balances	$ 20,860	$ 20,860
Balance, shares	2,086,000	2,086,000
Common Stock [Member]
Balances	$ 39,052	$ 39,052
Balance, shares	39,052,472	39,052,472
Common stock to be issued in connection with notes payable - related parties
Stock-based compensation
Dividends
Net loss
Balances	$ 39,052	$ 39,052
Balance, shares	39,052,472	39,052,472
Additional Paid-in Capital [Member]
Balances	$ 36,122,078	$ 36,100,973
Common stock to be issued in connection with notes payable - related parties	17,500	64,000
Stock-based compensation		11,480
Dividends
Net loss
Balances	36,139,578	36,176,453
Unearned ESOP [Member]
Balances	$ (2,609,264)	$ (2,727,866)
Balance, shares	1,750,010	1,829,555
Stock-based compensation
Dividends
Net loss
Balances	$ (2,609,264)	$ (2,727,866)
Balance, shares	1,750,010	1,829,555
Retained Earnings [Member]
Balances	$ (45,351,375)	$ (43,394,070)
Common stock to be issued in connection with notes payable - related parties
Stock-based compensation
Dividends	(25,400)	(25,400)
Net loss	(497,957)	(471,522)
Balances	(45,874,732)	(43,890,992)
Treasury Stock, Common [Member]
Balances	$ (216,227)	$ (186,000)
Balance, shares	1,004,886	925,341
Stock-based compensation
Dividends
Net loss
Balances	$ (216,227)	$ (186,000)
Balance, shares	1,004,886	925,341

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash flows from operating activities:
Net loss	$ (497,957)	$ (471,522)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization	24,535	38,715
Stock-based compensation		11,480
Changes in operating assets and liabilities:
Accounts payable and accrued expenses - related parties	265,550	255,263
Accounts payable and accrued expenses - other	144,576	82,565
Net cash used in operating activities	(63,296)	(83,499)
Cash flows from financing activities:
Proceeds from note payable - others		80,000
Proceeds from non-interest bearing advances from related parties	22,500
Net cash provided by financing activities	22,500	80,000
Net decrease in cash	(40,796)	(3,499)
Cash at beginning of period	55,885	82,091
Cash at end of period	15,089	78,592
Supplemental disclosure of cash flow information:
Cash paid for interest
Supplemental disclosure of non-cash financing activities:
Common stock to be issued in connection with notes payable - related parties	17,500
Unpaid preferred stock dividends in accounts payable and accrued expenses		$ 25,400

Organization and Business

Organization and Business	3 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Business	Note 1. Organization and Business Diamondhead Casino Corporation (the “Company”) owns, through its wholly-owned subsidiary, Mississippi Gaming Corporation, an approximate 400-acre undeveloped property located at 7051 Interstate 10, Diamondhead, Mississippi 39525 (hereafter “the Diamondhead Property” or “the Property”). The Company’s intent was and is to construct a casino resort and other amenities on the Property unilaterally or in conjunction with one or more joint venture partners. However, the Company has been unable, to date, to obtain financing to move the project forward and/or enter into a joint venture partnership. There can be no assurance that the substantial funds required for the design and construction of the project can be obtained or that such funds can be obtained on acceptable terms. In addition, the Company has been unable to obtain financing to sustain the Company. Due to its lack of financial resources, the Company was forced to explore other alternatives, including a sale of part or all of the Property. The Company’s preference is to sell only part of the Property inasmuch as this would appear to be in the best interest of the stockholders of the Company. However, there can be no assurance the Company will be able to sell only part of the Property. The Company intends to continue to pursue a joint venture partnership and/or other financing while seeking a viable purchaser for part or all of the Property. Finally, there can be no assurance that if the requisite financing for the project were obtained and the project were constructed, that the project would be successful.

Liquidity and Going Concern

Liquidity and Going Concern	3 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Liquidity and Going Concern	Note 2. Liquidity and Going Concern These unaudited condensed consolidated financial statements have been prepared on the basis that the Company is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred losses over the past several years, has no operations, generates no operating revenues, and as reflected in the accompanying unaudited condensed consolidated financial statements, incurred a net loss applicable to common stockholders $ 523,357 496,922 45,874,732 The Company has had no operations since it ended its gambling cruise ship operations in 2000. Since that time, the Company has concentrated its efforts on the development of its Diamondhead, Mississippi property. That development is dependent upon the Company obtaining the necessary capital, through either equity and/or debt financing, unilaterally or in conjunction with one or more partners, to master plan, design, obtain permits for, construct, open, and operate a casino resort. In the past, in order to raise capital to continue to pay on-going costs and expenses, the Company has borrowed funds, through Private Placements of convertible instruments as well as through other secured notes which are more fully described in Notes 5 through 9 to these unaudited condensed consolidated financial statements. The Company is in default with respect to payment of both principal and interest under the terms of most of these instruments. In addition, at March 31, 2023, the Company had $ 12,816,246 15,089 The above conditions raise substantial doubt as to the Company’s ability to continue as a going concern.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 3. Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and in conformity with the instructions to Form 10-Q and Rule 8-03 of Regulation S-X and the related rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, certain information and note disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. However, we believe that the disclosures included in these unaudited condensed consolidated financial statements are adequate to make the information presented not misleading. The unaudited condensed consolidated financial statements included in this document have been prepared on the same basis as the annual consolidated financial statements and, in our opinion, reflect all adjustments, which include normal recurring adjustments necessary for a fair presentation in accordance with GAAP and SEC regulations for interim financial statements. The results for the three months ended March 31, 2023, are not necessarily indicative of the results that we will have for any subsequent period. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes to those statements for the year ended December 31, 2022, attached to our annual report on Form 10-K. Principles of Consolidation The unaudited condensed consolidated financial statements include the accounts of Diamondhead Casino Corporation and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Land Land held for development is carried at cost. Costs directly related to site development, such as licensing, permitting, engineering, and other costs, are capitalized. Schedule of Land Development Cost Capitalized Land $ 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 discusses valuation techniques, such as the market approach (comparable market prices), the income approach (present value of future income or cash flow), and the cost approach (cost to replace the service capacity of an asset or replacement cost). The standard utilizes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those three levels: Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2: Input other than quoted prices that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active. Level 3: Unobservable input that reflects management’s own assumptions. Financial instruments included in current assets and liabilities are reported at carrying value in the unaudited condensed consolidated balance sheets, which approximate fair value due to their short-term nature. Long-Lived Assets The Company reviews long-lived assets whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. The 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. As of March 31, 2023, there was a triggering event due to recurring losses and an impairment test was conducted. However, the fair value of the long-lived assets exceeded the carrying value and the Company determined that no impairment existed at March 31, 2023. Net Loss per Common Share Basic loss per share is computed by dividing net loss applicable 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. Common shares outstanding excludes the 910,000 35,000 5,055,555 The table below summarizes the components of potential dilutive securities at March 31, 2023 and 2022. Schedule of Components of Potential Dilutive Securities March 31, March 31, Description 2023 2022 Convertible Preferred Stock 260,000 260,000 Options to Purchase Common Shares 4,555,000 4,555,000 Total 4,815,000 4,815,000 Recently Adopted Accounting Pronouncements In November 2019, the FASB issued ASU 2019-10, Financial Instruments—Credit Losses (Topic 326), Derivative and Hedging (Topic 815, and Leases (Topic 841) Recently Issued Accounting Pronouncements Not Yet Adopted On March 27, 2023, the FASB issued ASU 2023-01, which amends certain provisions of ASC 842 that apply to arrangements between related parties under common control. Specifically, the ASU: ● Offers private companies, as well as not-for-profit entities that are not conduit bond obligors, a practical expedient that gives them the option of using the written terms and conditions of a common-control arrangement when determining whether a lease exists and the subsequent accounting for the lease, including the lease’s classification ● Amends the accounting for leasehold improvements in common-control arrangements for all entities. The ASU is effective for fiscal years beginning after December 15, 2023. The Company has not completed its assessment of the standard but does not expect the adoption to have a material impact on the Company’s unaudited condensed consolidated financial position, results of operations, or cash flows. No other recent accounting pronouncements were issued by FASB that are believed by management to have a material impact on the Company’s present or future financial statements.

Accounts Payable and Accrued Ex

Accounts Payable and Accrued Expenses	3 Months Ended
	Mar. 31, 2023
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 March 31, 2023 and December 31, 2022: Schedule of Accounts Payable and Accrued Expenses March 31, December 31, 2023 2022 Related parties: Accrued payroll due officers $ 3,644,712 $ 3,569,711 Accrued interest due officers and directors 2,639,546 2,467,844 Accrued director fees 861,250 838,750 Base rents due to the President 416,876 403,274 Associated rental costs 173,440 165,295 Other 17,308 17,308 Total related parties $ 7,753,132 $ 7,462,182 Non-related parties: Accrued interest $ 2,926,035 $ 2,841,520 Accrued dividends 1,193,800 1,168,400 Accrued fines and penalties 476,375 444,875 Other 466,904 463,743 Total non-related parties $ 5,063,114 $ 4,918,538

Convertible Notes and Line of C

Convertible Notes and Line of Credit	3 Months Ended
	Mar. 31, 2023
Convertible Notes And Line Of Credit
Convertible Notes and Line of Credit	Note 5. Convertible Notes and Line of Credit Line of Credit In 2008, the Company entered into an agreement with an unrelated third party for an unsecured Line of Credit up to a maximum of $ 1,000,000 9 November 1, 2012 50,000 1.75 250,000 1.75 2,235,367 2,213,422 Convertible Notes The Convertible Notes issued pursuant to the two Private Placements discussed above total $ 962,500 486,796 962,500 1,072,013 1,043,547 The table below summarizes the Company’s debt arising from the above-described sources as of March 31, 2023 and December 31, 2022: Schedule of Convertible Notes Payable March 31, 2023 December 31, 2022 Private placements - March 1, 2010* $ 475,000 $ 475,000 Private placements - October 25, 2010 487,500 487,500 $ 962,500 $ 962,500 * Of the 2010 placements above, $ 75,000

Convertible Debentures

Convertible Debentures	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Convertible Debentures	Note 6. Convertible Debentures Pursuant to a Private Placement Memorandum dated February 14, 2014 (the “Private Placement”), the Company offered up to a maximum of $ 3,000,000 3,000,000 4 matured six years from the date of issuance (a) $ 1,000,000 3,333,333 .30 (b) $ 1,000,000 2,222,222 .45 (c) $ 1,000,000 1,818,182 1,333,333 .55 .75 The conversion rights on each issued Debenture carried an Anti-Dilution Provision. If the Company issued any shares of Common Stock or other securities after March 31, 2014 at a price per security that was less than the conversion price of a Debenture, then the Debenture would have had a new conversion price equal to the price per security that was less than the Conversion Price of the Debenture. The foregoing provision did not apply to the following: (a) The issuance of any of the other Debentures in the Offering or the issuance of shares of Common Stock upon conversion of any of the Debentures in the Offering. (b) The issuance of any shares of Common Stock if such issuance relates to an agreement, arrangement or grant to issue shares of Common Stock entered into by the Company prior to the Issue Date of the First Tranche Debentures in the Offering, including but not limited to, for example, previously issued convertible promissory notes, previously issued warrants, previously issued options to purchase Common Stock, or common stock vested or to be issued pursuant to a pre-existing Employee Stock Ownership Plan. The Anti-Dilution Provisions with respect to a Debenture terminate the earlier of (a) the date (if ever) the Company receives an “Approval to Proceed” from the Mississippi Gaming Commission to develop a casino/hotel on the Property, (b) the date on which the Debenture is converted in full, (c) the date on which the Debenture is paid in full, or (d) the Final Maturity Date of the Debenture (as defined in the Debenture). Since the issuance of the Debentures, there have been no events that would trigger the above anti-dilution provisions. The First Tranche Debentures were issued on March 31, 2014. The Final Maturity Date of the First Tranche Debentures was six years from the issuance date of the Debentures, or March 31, 2020. Therefore, the anti-dilution provisions of the First Tranche Debentures have expired. The Second Tranche Debentures were issued on December 31, 2014. The Final Maturity Date of the Second Tranche Debentures was six years from the issuance date of the Debentures, or December 31, 2020. Therefore, the anti-dilution provisions of the Second Tranche Debentures have expired. 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. In or about December 2022, the parties entered into an Amendment to Settlement Agreement. The Amendment provides, in pertinent part, as follows: that on or before March 31, 2023, the Plaintiffs would be paid the principal due under their debentures of $ 1.5 4% 6% 8% 175,000 50,000 1.5 650,979 617,733

Short Term Notes and Interest-B

Short Term Notes and Interest-Bearing Advance	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Short Term Notes and Interest-Bearing Advance	Note 7. Short Term Notes and Interest-Bearing Advance Promissory Notes On June 9, 2017, the Company entered into a Promissory Note with an unrelated lender in exchange for proceeds in the amount of $ 15,000 12.5 June 9, 2019 10,916 10,443 Bank Credit Facility Wells Fargo Bank provided an unsecured credit facility of up to $ 15,000 11.24 24.99 18,004 Interest Bearing Advances In 2016, the Company received cash advances totaling $ 47,500 22,500 four years 8 16,400 14,200 On February 2, 2017, the Company borrowed $ 25,000 12.5 3 19,280 18,493 Of the amounts discussed above, $ 80,504

Current Notes Payable Due Relat

Current Notes Payable Due Related Parties	3 Months Ended
	Mar. 31, 2023
Current Notes Payable Due Related Parties
Current Notes Payable Due Related Parties	Note 8. Current Notes Payable Due Related Parties In 2016, the Company received cash advances totaling $ 47,500 25,000 four years 8 16,000 14,000 In the third quarter of 2016, the Chairman of the Board of Directors of the Company loaned the Company $ 90,000 14 four years 84,058 80,882 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 67,628 The Chairman is one of the secured parties under that Land Deed of Trust recorded on September 26, 2014 in Hancock County, Mississippi, to secure Tranche I and Tranche II Debentures issued by the Company in 2014. Under paragraph 5 of the Land Deed of Trust, a secured party who advances sums for taxes due on the Property is secured by the same Land Deed of Trust, but only at that interest rate specified in the note representing the primary indebtedness, namely 4 The Chairman advanced the $ 67,628 4 11 0 35,000 100,000 100,000 67,481 59,360 In March of 2018, the Board of Directors voted to increase up to an additional $ 200,000 (i) the advance constitutes a lien on the Property with interest at 15% per annum; (ii) that the full interest of 15% per annum is payable during any calendar year in which all or part of the amount advanced is due and owing or interest due thereon remains unpaid; (iii) that this debt be evidenced by a separate promissory note and is to be included in and secured with a third lien that is to be placed on the Diamondhead Property to secure previous advances made to the Company (hereafter “the Third Lien”); (iv) that he be indemnified for any losses sustained on the sale of his common stock in an unrelated publicly-traded company to be sold to cover this advance based on a sales price of approximately $2.80 per share with a cap on the maximum loss per share to be at a sales price of $10.00 per share; and (v) that the Chairman’s previous indemnification approved by the Board of Directors on July 24, 2017 with respect to any loss on the sale of the same stock also be capped at a maximum of $10.00 per share. The Chairman identified the common stock sold and provided the Company with the documentation required to document the sale of said stock and to calculate the loss, if any, on said stock 35,000 200,000 200,000 In November of 2018, the Board of Directors voted to increase up to an additional $ 100,000 200,000 In July 2020, the Chairman of the Board of the Company paid a total of $ 67,076 400 1,573 150,000 In May 2021, the Chairman of the Board of the Company paid a total of $ 62,610 400 1,468 100,000 On May 30, 2021, the Chairman of the Board of the Company loaned the Company $ 50,000 50,000 100,000 33,500 On February 17, 2023, the Board of Directors agreed to issue a non-interest bearing promissory note to the Chairman in the principal amount of $ 25,000 50,000 17,500 2,301 As of March 31, 2023, the Chairman had advanced a total of $ 467,953 16,250 349,415 279,754 On July 24, 2017, the President of the Company, who is a Director of the Company, agreed to advance the Company up to $ 20,000 100,000 interest of 15% per annum on the amount advanced and owing and that the full 15% interest per annum is payable during any calendar year in which all or part of the amount advanced and owing or interest due thereon remains unpaid; (ii) the obligation in the maximum principal amount of $100,000 with interest due thereon be treated as a secured debt of the Company, to be evidenced by a separate note and to be secured with a separate lien to be placed on the Diamondhead Property (“the Third Lien”) together with the Chairman’s Third Lien, as well as a first lien to be placed on the residential lot owned by the Company; (iii) that the Third Lien on the Diamondhead Property also include the two loans ($ 25,000 15,000 15,000 As of March 31, 2023, the President had advanced a total of $ 23,620 49,949 25,000 15,000 18,000 100,000 100,000 50,655 41,409 The third lien placed on the Diamondhead Property, which secures the above three promissory notes, totals up to $ 400,000 300,000 100,000 The principal balance of the notes payable due to the officers and directors discussed above was $ 727,952 17,699 $ 720,651 0

Notes Payable Due Others

Notes Payable Due Others	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
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 50,000 four 0 In December 2020, the Company entered into three promissory notes with unrelated lenders in exchange for an aggregate principal amount of $ 126,250 100,000 26,250 The notes are non-interest bearing and matured in December 2021, one year after the notes’ issuances. These notes are currently in default In January and February 2021, the Company entered into two additional promissory notes with unrelated lenders in exchange for a principal amount of $ 25,000 31,250 50,000 6,250 In April and May 2021, the Company entered into three additional promissory notes with unrelated lenders in exchange for a principal amount of $ 70,000 25,000 25,000 100,000 20,000 In July 2021, the Company entered into an additional promissory note with an unrelated lender in exchange for a principal amount of $ 25,000 25,000 In November 2021, the Company entered into an additional promissory note with an unrelated lender in exchange for a principal amount of $ 50,000 50,000 In March 2022, unrelated third parties paid a total of $ 60,436 19,564 80,000 80,000 40,000 80,000 40,000 80,000 160,000 In April 2022, the Company entered into an additional promissory note with an unrelated lender in exchange for a principal amount of $ 50,000 50,000 From April 2021 to June 2022, thirteen liens were placed on the Property to secure these notes. There is a call for the issuance of a total of 760,000 22,050 102,000 98,000 During the three months ended March 31, 2023 and 2022, $ 22,234 30,271 554,797 532,563

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2023
Related Party Transactions [Abstract]
Related Party Transactions	Note 10. Related Party Transactions As of March 31, 2023, the President of the Company is owed deferred salary in the amount of $ 3,441,996 121,140 9 77,963 71,305 1,989,506 1,781,809 The Company has a month-to-month lease with the President and then-Chairman of the Board of Directors of the Company, for office space owned by the President in Alexandria, Virginia. The lease calls for monthly base rent in the amount of $ 4,534 Rent expense associated with this lease amounted to base rent in the amount of $ 13,602 8,145 21,747 13,602 7,408 21,010 for the three months ended March 31, 2022. No payments associated with the base rents were made in three months ended March 31, 2023. At March 31, 2023 and December 31, 2022, amounts owing for base rent and associated rental costs totaled $ 5 90,316 568,569 Directors of the Company are entitled to a director’s fee of $ 15,000 861,250 838,750 On February 4, 2022, the Board of Directors entered into an agreement with Mr. Harrison, the Chairman of the Board of Directors, to issue 35,000 On February 17, 2023, the Board of Directors agreed to issue a non-interest bearing promissory note to the Chairman in the principal amount of $ 25,000 50,000 See Notes 4, 5, 7, 8 and 11 for other related party transactions.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 11. Commitments and Contingencies Liens As of March 31, 2023, there were twenty-one liens on the Company’s Diamondhead, Mississippi Property as follows: The Company’s obligations under the First Tranche 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 $ 1 850,000 1,850,000 pari passu 2,000,000 On December 16, 2016, the Company filed a second lien on the Diamondhead Property in the maximum amount of $ 250,000 137,500 On August 21, 2018, the Company filed a third lien on the Diamondhead Property for up to $ 400,000 On January 26, 2021, a fourth lien in the amount of $ 2,000,000 2,000,000 On February 17, 2021, a fifth lien in the amount of $ 658,750 658,750 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 $ 252,500 250,000 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 $ 50,000 100,000 In July 2021, the Company placed a fourteenth lien on the Property to secure a promissory note in the amount of $ 150,000 In July 2021, the Company placed a fifteenth lien on the Property to secure a promissory note in the amount of $ 100,000 In July 2021, the Company placed a sixteenth lien on the Property to secure a non-interest bearing note issued to the Chairman in May 2021 which totals $ 50,000 100,000 In July 2021, the Company placed a seventeenth lien on the Property to secure a non-interest bearing note issued to a lender, which totals $ 25,000 50,000 In November 2021, an eighteenth lien was placed on the Property to secure a non-interest bearing note issued in November 2021 which totals $ 50,000 100,000 In March 2022, a nineteenth and twentieth lien were placed on the Property to secure two non-interest bearing notes issued in March of 2022 which total $ 80,000 160,000 In May 2022, a twenty-first lien was placed on the Property to secure a non-interest bearing note issued in April of 2022 which totals $ 50,000 100,000 Other The Company is currently delinquent in filing those documents and forms required to be filed in connection with its Employee Stock Ownership Plan (“ESOP”) for the year ended December 31, 2022, 2021, 2020, 2019, 2018, 2017, 2016 and 2015. The Company did not have the funds to pay professionals to prepare, audit and file these documents and forms when due. Although these required filings normally do not result in any tax due to an agency of the government, the Company could be subject to significant penalties for failure to file these forms when due. Penalties are assessed by the Department of Labor on a per diem basis from the original due dates for the required informational filings until the filings are actually made. The Company has accrued $ 476,375 429,750 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, 2022, 2021, 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 2021, 2020, 2019 and 2018. Casino World, Inc., a wholly owned subsidiary of the Company, has not filed its annual reports, together with its franchise tax due, with the state of Delaware for 2022, 2021, 2020, 2019, 2018, 2017 and 2016. Mississippi Gaming Corporation has not filed its corporate income and franchise tax returns, together with the tax due, with the state of Mississippi for 2022, 2021, 2020, 2019, or 2018. Casino World, Inc. has not filed its corporate income and franchise tax returns, together with the tax due, with the state of Mississippi for 2022, 2021, 2020, 2019, 2018, 2017 and 2016. As of March 31, 2022, the accrued franchise taxes for Delaware and Mississippi totaled $ 15,125 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. Letter of Intent with an Unrelated Third Party On March 31, 2023, the Company entered into a Letter of Intent with an unrelated third party. The Agreement provides for purchases of Common Stock of Diamondhead Casino Corporation and purchases of Common Stock of its wholly-owned subsidiary, Mississippi Gaming Corporation. Mississippi Gaming Corporation The Letter of Intent provides that the Purchaser will purchase a total of 4.5 10 6,000,000 1) On or before April 15, 2023, the Purchaser will purchase five percent of the total Common Stock of Mississippi Gaming Corporation for $ 3,000,000 2.25 2) On or before June 30, 2023, the Purchaser will purchase an additional five percent of the total authorized Common Stock of Mississippi Gaming Corporation for $ 3,000,000 2.25 The Purchaser will have the right to nominate two directors to the Board of Directors of Mississippi Gaming Corporation. The current Board of Directors of Mississippi Gaming Corporation will examine and review the background, experience and credentials of the nominees and, once acceptable, pass a resolution appointing the Purchaser’s nominees to the Board of Directors contingent upon the first Closing and effective on the date of and immediately following the first Closing. In the event the Purchaser has not nominated a director(s) prior to the first Closing, the Purchaser may do so at any time thereafter. Diamondhead Casino Corporation The Letter of Intent provides that the Purchaser will purchase 4,000,000 1.00 3) On or before September 15, 2023 , 2,000,000 2,000,000 2,000,000 4) On or before November 30, 2023, the Purchaser will purchase an additional 2,000,000 2,000,000 2,000,000 The Purchaser will have the right to nominate two directors to the Board of Directors of Diamondhead Casino Corporation. The current Board of Directors of Diamondhead Casino Corporation will examine and review the background, experience and credentials of the nominees and, once acceptable, pass a resolution appointing the Purchaser’s nominees to the Board of Directors contingent upon Closing of the purchase of a minimum of 2,000,000 shares of Common Stock of Diamondhead Casino Corporation and effective on the date of and immediately following the Closing. In the event the Purchaser has not nominated a director(s) prior to the first purchase of Common Stock of Diamondhead Casino Corporation, the Purchaser may do so at any time thereafter. The Purchaser’s failure to close when required shall render the remainder of the Agreement null and void. In consideration of the total purchase price of $ 10,000,000 75,000 1,500,000 The proceeds from the foregoing sales of Common Stock are intended to be used to pay down a substantial portion of the debt that is secured by liens on the Diamondhead Property, to pay Diamondhead Property taxes, to pay fees and expenses of outside auditors and accountants to prepare and file the Company’s periodic reports with the Securities and Exchange Commission, to pay legal fees and other fees and expenses relating to the foregoing transactions, to obtain a master plan for the Diamondhead Property and for general corporate purposes. The proceeds from the initial sale of Common Stock will be used to pay plaintiff/lienholders who are owed payment in the approximate amount of $ 2,207,500 Arneault et al. v. Diamondhead Casino Corporation As of the issuance date of these financial statements, no transactions per above occurred and no shares of common stock were issued.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and in conformity with the instructions to Form 10-Q and Rule 8-03 of Regulation S-X and the related rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, certain information and note disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. However, we believe that the disclosures included in these unaudited condensed consolidated financial statements are adequate to make the information presented not misleading. The unaudited condensed consolidated financial statements included in this document have been prepared on the same basis as the annual consolidated financial statements and, in our opinion, reflect all adjustments, which include normal recurring adjustments necessary for a fair presentation in accordance with GAAP and SEC regulations for interim financial statements. The results for the three months ended March 31, 2023, are not necessarily indicative of the results that we will have for any subsequent period. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes to those statements for the year ended December 31, 2022, attached to our annual report on Form 10-K.
Principles of Consolidation	Principles of Consolidation The unaudited condensed consolidated financial statements include the accounts of Diamondhead Casino Corporation and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.
Estimates	Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Land	Land Land held for development is carried at cost. Costs directly related to site development, such as licensing, permitting, engineering, and other costs, are capitalized. Schedule of Land Development Cost Capitalized Land $ 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 discusses valuation techniques, such as the market approach (comparable market prices), the income approach (present value of future income or cash flow), and the cost approach (cost to replace the service capacity of an asset or replacement cost). The standard utilizes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those three levels: Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2: Input other than quoted prices that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active. Level 3: Unobservable input that reflects management’s own assumptions. Financial instruments included in current assets and liabilities are reported at carrying value in the unaudited condensed consolidated balance sheets, which approximate fair value due to their short-term nature.
Long-Lived Assets	Long-Lived Assets The Company reviews long-lived assets whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. The 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. As of March 31, 2023, there was a triggering event due to recurring losses and an impairment test was conducted. However, the fair value of the long-lived assets exceeded the carrying value and the Company determined that no impairment existed at March 31, 2023.
Net Loss per Common Share	Net Loss per Common Share Basic loss per share is computed by dividing net loss applicable 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. Common shares outstanding excludes the 910,000 35,000 5,055,555 The table below summarizes the components of potential dilutive securities at March 31, 2023 and 2022. Schedule of Components of Potential Dilutive Securities March 31, March 31, Description 2023 2022 Convertible Preferred Stock 260,000 260,000 Options to Purchase Common Shares 4,555,000 4,555,000 Total 4,815,000 4,815,000 Recently Adopted Accounting Pronouncements In November 2019, the FASB issued ASU 2019-10, Financial Instruments—Credit Losses (Topic 326), Derivative and Hedging (Topic 815, and Leases (Topic 841) Recently Issued Accounting Pronouncements Not Yet Adopted On March 27, 2023, the FASB issued ASU 2023-01, which amends certain provisions of ASC 842 that apply to arrangements between related parties under common control. Specifically, the ASU: ● Offers private companies, as well as not-for-profit entities that are not conduit bond obligors, a practical expedient that gives them the option of using the written terms and conditions of a common-control arrangement when determining whether a lease exists and the subsequent accounting for the lease, including the lease’s classification ● Amends the accounting for leasehold improvements in common-control arrangements for all entities. The ASU is effective for fiscal years beginning after December 15, 2023. The Company has not completed its assessment of the standard but does not expect the adoption to have a material impact on the Company’s unaudited condensed consolidated financial position, results of operations, or cash flows.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Schedule of Land Development Cost Capitalized	Schedule of Land Development Cost Capitalized Land $ 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 March 31, 2023 and 2022. Schedule of Components of Potential Dilutive Securities March 31, March 31, Description 2023 2022 Convertible Preferred Stock 260,000 260,000 Options to Purchase Common Shares 4,555,000 4,555,000 Total 4,815,000 4,815,000

Accounts Payable and Accrued _2

Accounts Payable and Accrued Expenses (Tables)	3 Months Ended
	Mar. 31, 2023
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 March 31, 2023 and December 31, 2022: Schedule of Accounts Payable and Accrued Expenses March 31, December 31, 2023 2022 Related parties: Accrued payroll due officers $ 3,644,712 $ 3,569,711 Accrued interest due officers and directors 2,639,546 2,467,844 Accrued director fees 861,250 838,750 Base rents due to the President 416,876 403,274 Associated rental costs 173,440 165,295 Other 17,308 17,308 Total related parties $ 7,753,132 $ 7,462,182 Non-related parties: Accrued interest $ 2,926,035 $ 2,841,520 Accrued dividends 1,193,800 1,168,400 Accrued fines and penalties 476,375 444,875 Other 466,904 463,743 Total non-related parties $ 5,063,114 $ 4,918,538

Convertible Notes and Line of_2

Convertible Notes and Line of Credit (Tables)	3 Months Ended
	Mar. 31, 2023
Convertible Notes And Line Of Credit
Schedule of Convertible Notes Payable	The table below summarizes the Company’s debt arising from the above-described sources as of March 31, 2023 and December 31, 2022: Schedule of Convertible Notes Payable March 31, 2023 December 31, 2022 Private placements - March 1, 2010* $ 475,000 $ 475,000 Private placements - October 25, 2010 487,500 487,500 $ 962,500 $ 962,500 * Of the 2010 placements above, $ 75,000

Liquidity and Going Concern (De

Liquidity and Going Concern (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net income (loss) available to common stockholders, basic	$ 523,357	$ 496,922
Retained earnings accumulated deficit	45,874,732		$ 45,351,375
Accounts payable and accrued expenses	12,816,246
Cash on hand	$ 15,089		$ 55,885

Schedule of Land Development Co

Schedule of Land Development Cost Capitalized (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Product Information [Line Items]
Land	$ 5,476,097	$ 5,476,097
Land [Member]
Product Information [Line Items]
Land		4,934,323
Licenses [Member]
Product Information [Line Items]
Land		77,000
Engineering and Costs Associated with Permitting [Member]
Product Information [Line Items]
Land		$ 464,774

Schedule of Components of Poten

Schedule of Components of Potential Dilutive Securities (Details) - shares	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	4,815,000	4,815,000
Convertible Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	260,000	260,000
Options to Purchase Common Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	4,555,000	4,555,000

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details Narrative) - shares		3 Months Ended
	Feb. 04, 2022	Mar. 31, 2023	Mar. 31, 2022
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Shares issued for notes payable		910,000
Antidilutive securities excluded from computation of earnings per share amount		4,815,000	4,815,000
Convertible Debt [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Antidilutive securities excluded from computation of earnings per share amount		5,055,555
Mr. Harrison [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Shares issued	35,000	35,000

Schedule of Accounts Payable an

Schedule of Accounts Payable and Accrued Expenses (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Accrued payroll due officers	$ 3,644,712	$ 3,569,711
Accrued interest due officers and directors	2,639,546	2,467,844
Accrued director fees	861,250	838,750
Other	17,308	17,308
Associated rental costs	173,440	165,295
Total related parties	7,753,132	7,462,182
Accrued interest	2,926,035	2,841,520
Accrued dividends	1,193,800	1,168,400
Accrued fines and penalties	476,375	444,875
Other	466,904	463,743
Total non-related parties	5,063,114	4,918,538
Related Party [Member]
Related Party Transaction [Line Items]
Total related parties	7,753,132	7,462,182
Related Party [Member] | President [Member]
Related Party Transaction [Line Items]
Other	$ 416,876	$ 403,274

Schedule of Convertible Notes P

Schedule of Convertible Notes Payable (Details) - USD ($)		Mar. 31, 2023	Dec. 31, 2022
Short-Term Debt [Line Items]
Convertible notes payable		$ 1,962,500	$ 1,962,500
March 1, 2010 Private Placement [Member] | Convertible Promissory Note [Member]
Short-Term Debt [Line Items]
Convertible notes payable	[1]	475,000	475,000
October 25, 2010 Private Placement [Member] | Convertible Promissory Note [Member]
Short-Term Debt [Line Items]
Convertible notes payable		487,500	487,500
Private Placement [Member] | Convertible Promissory Note [Member]
Short-Term Debt [Line Items]
Convertible notes payable		$ 962,500	$ 962,500
[1]Of the 2010 placements above, $ 75,000

Schedule of Convertible Notes_2

Schedule of Convertible Notes Payable (Details) (Parenthetical) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Short-Term Debt [Line Items]
Due to a related party	$ 17,308	$ 17,308
March 1, 2010 Private Placement [Member] | Convertible Promissory Note [Member] | Related Party [Member]
Short-Term Debt [Line Items]
Due to a related party	$ 75,000	$ 75,000

Convertible Notes and Line of_3

Convertible Notes and Line of Credit (Details Narrative) - USD ($)		3 Months Ended	12 Months Ended
	Nov. 30, 2020	Mar. 31, 2023	Dec. 31, 2022	Dec. 31, 2008
Line of Credit Facility [Line Items]
Convertible notes payable, current		$ 1,962,500	$ 1,962,500
Two Private Placement [Member] | Convertible Promissory Note [Member]
Line of Credit Facility [Line Items]
Convertible notes payable, current		962,500	962,500
Debt instrument, periodic payment	$ 486,796
Interest payable		1,072,013	1,043,547
Line of Credit [Member]
Line of Credit Facility [Line Items]
Line of credit facility maximum borrowing capacity				$ 1,000,000
Line of credit facility interest rate during period				9%
Line of credit facility expiration date				Nov. 01, 2012
Number of options awarded				50,000
Weighted average grant date fair value				$ 1.75
Line of credit facility periodic payment		$ 2,235,367	$ 2,213,422
Line of Credit [Member] | Maximum [Member] | Lender [Member]
Line of Credit Facility [Line Items]
Number of options awarded				250,000
Weighted average grant date fair value				$ 1.75

Convertible Debentures (Details

Convertible Debentures (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2019	Sep. 26, 2014
Debt Instrument [Line Items]
Debt principal amount	$ 1,500,000
Debt interest rate					4%
Convertible Debt, Current	$ 1,800,000	$ 1,800,000
Loans Receivable, Basis Spread on Variable Rate	4%		8%	6%
Legal Fees	$ 175,000
Shares, Issued	50,000
[custom:LongTermDebtPrincipalOrInterest-0]	$ 1,500,000
February 14, 2014 Private Placement [Member] | Convertable Senior Debentures [Member]
Debt Instrument [Line Items]
Maximum offering amount	3,000,000
Debt principal amount	$ 3,000,000
Debt interest rate	4%
Debt instrument, maturity date, description	matured six years from the date of issuance
February 14, 2014 Private Placement [Member] | Convertible Debt Securities [Member] | Tranche 1 [Member]
Debt Instrument [Line Items]
Collateralized convertible senior debentures	$ 1,000,000
Conversion of debenture into shares of common stock	3,333,333
Debt instrument, convertible, conversion price	$ 0.30
Convertible Debt, Current	$ 950,000
February 14, 2014 Private Placement [Member] | Convertible Debt Securities [Member] | Tranche 2 [Member]
Debt Instrument [Line Items]
Collateralized convertible senior debentures	$ 1,000,000
Conversion of debenture into shares of common stock	2,222,222
Debt instrument, convertible, conversion price	$ 0.45
Convertible Debt, Current	$ 850,000
February 14, 2014 Private Placement [Member] | Convertible Debt Securities [Member] | Tranche 3 [Member]
Debt Instrument [Line Items]
Collateralized convertible senior debentures	$ 1,000,000
February 14, 2014 Private Placement [Member] | Convertible Debt Securities [Member] | Tranche 3 [Member] | Minimum [Member]
Debt Instrument [Line Items]
Conversion of debenture into shares of common stock	1,818,182
Debt instrument, convertible, conversion price	$ 0.55
February 14, 2014 Private Placement [Member] | Convertible Debt Securities [Member] | Tranche 3 [Member] | Maximum [Member]
Debt Instrument [Line Items]
Conversion of debenture into shares of common stock	1,333,333
Debt instrument, convertible, conversion price	$ 0.75
February 14, 2014 Private Placement [Member] | Non Convertible Senior Debentures [Member]
Debt Instrument [Line Items]
Convertible Debt, Current	$ 50,000
Convertible Debentures [Member]
Debt Instrument [Line Items]
Interest payment in default	427,081
Accrued interest due	$ 650,979	$ 617,733

Short Term Notes and Interest_2

Short Term Notes and Interest-Bearing Advance (Details Narrative) - USD ($)				1 Months Ended	3 Months Ended	12 Months Ended
	Jun. 09, 2017	Feb. 02, 2017	Aug. 25, 2016	Dec. 31, 2016	Mar. 31, 2023	Dec. 31, 2016	Dec. 31, 2022	Sep. 26, 2014
Short-Term Debt [Line Items]
Debt interest rate								4%
Short term notes and interest bearing advance		$ 80,504			$ 80,504		$ 80,504
Unrelated Third Party [Member]
Short-Term Debt [Line Items]
Debt interest rate		12.50%
Accrued interest					19,280		18,493
Short term notes and interest bearing advance		$ 25,000
Seven Lenders [Member]
Short-Term Debt [Line Items]
Cash received advances				$ 47,500		$ 47,500
Third Parties [Member]
Short-Term Debt [Line Items]
Cash received advances						$ 22,500
Seven Lenders and Third Parties [Member]
Short-Term Debt [Line Items]
Debt interest rate			8%
Accrued interest					16,400		14,200
Debt matures term			4 years
Lender [Member]
Short-Term Debt [Line Items]
Increase in interest rate per annum		3%
Promissory Note [Member]
Short-Term Debt [Line Items]
Proceeds from notes payable	$ 15,000
Debt interest rate	12.50%
Debt instrument, maturity date	Jun. 09, 2019
Accrued interest					10,916		10,443
Bank Credit Facility [Member]
Short-Term Debt [Line Items]
Line of credit facility, maximum borrowing capacity					15,000
Line of credit					$ 18,004		$ 18,004
Bank Credit Facility [Member] | Direct Charges [Member]
Short-Term Debt [Line Items]
Line of credit commitment fee percent rate					11.24%
Bank Credit Facility [Member] | Cash Advanced Through The Facility [Member]
Short-Term Debt [Line Items]
Line of credit commitment fee percent rate					24.99%

Current Notes Payable Due Rel_2

Current Notes Payable Due Related Parties (Details Narrative)											1 Months Ended						3 Months Ended			12 Months Ended
	Feb. 17, 2023 USD ($) shares	Feb. 04, 2022 shares	Feb. 03, 2022 shares	May 31, 2021 USD ($) a	May 30, 2021 USD ($) shares	Sep. 30, 2018 USD ($)	Aug. 21, 2018 USD ($)	Jun. 30, 2018 USD ($)	Jul. 24, 2017 USD ($)	Aug. 25, 2016	Mar. 31, 2022 USD ($) shares	Jul. 31, 2020 USD ($) a	Mar. 31, 2019 USD ($)	Nov. 30, 2018 USD ($)	Mar. 31, 2018 USD ($)	Dec. 31, 2016 USD ($)	Mar. 31, 2023 USD ($)	Mar. 31, 2022 USD ($)	Sep. 30, 2016 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jul. 31, 2017 USD ($) a	Sep. 26, 2014
Debt instrument interest rate stated percentage																									4%
Proceeds from related parties																	$ 22,500
Debt instrument face amount																	1,500,000
Fair value of the stock																	17,500	64,000
Fair Value, Inputs, Level 1 [Member]
Derivative fair value of derivative net																							$ 0
Payable During any Calendar Year [Member]
Debt instrument interest rate stated percentage																									11%
Mississippi Property [Member]
Issuance of shares | shares											160,000
Debt instrument face amount											$ 80,000							80,000
Taxes payable											60,436							$ 60,436
Repayment of related party debt											$ 80,000
Diamond Head Property [Member]
Proceeds from repayments of secured debt																	400,000
Board of Directors Chairman [Member]
Debt matures term										4 years
Debt instrument interest rate stated percentage										14%
Interest payable																	84,058					$ 80,882
Proceeds from related parties																			$ 90,000
Area of land, owned | a				400								400
Issuance of shares | shares	50,000				100,000
Proceeds from repayments of secured debt								$ 100,000					$ 200,000	$ 100,000	$ 200,000
Terms on advances from chairman description															(i) the advance constitutes a lien on the Property with interest at 15% per annum; (ii) that the full interest of 15% per annum is payable during any calendar year in which all or part of the amount advanced is due and owing or interest due thereon remains unpaid; (iii) that this debt be evidenced by a separate promissory note and is to be included in and secured with a third lien that is to be placed on the Diamondhead Property to secure previous advances made to the Company (hereafter “the Third Lien”); (iv) that he be indemnified for any losses sustained on the sale of his common stock in an unrelated publicly-traded company to be sold to cover this advance based on a sales price of approximately $2.80 per share with a cap on the maximum loss per share to be at a sales price of $10.00 per share; and (v) that the Chairman’s previous indemnification approved by the Board of Directors on July 24, 2017 with respect to any loss on the sale of the same stock also be capped at a maximum of $10.00 per share. The Chairman identified the common stock sold and provided the Company with the documentation required to document the sale of said stock and to calculate the loss, if any, on said stock
Debt instrument face amount	$ 25,000				$ 50,000
Taxes payable				$ 62,610								$ 67,076
Property related fees				1,468								1,573
Debt instrument periodic payment principal					50,000
Fair value of stock issuance liability					$ 33,500
Fair value of the stock	$ 17,500
Debt discount amortized interest expense																				$ 2,301
Board of Directors Chairman [Member] | July, 2021 [Member]
Proceeds from secured debt				$ 100,000								$ 150,000
Board of Directors Chairman [Member] | March 2018 and March 2019 [Member]
Interest payable																	349,415					279,754
Debt instrument face amount																	467,953
Repayment of related party debt																	16,250
Board of Directors Chairman [Member] | Mississippi Gaming Corporation [Member]
Interest payable																	67,481					59,360
Issuance of shares | shares		35,000	35,000
Secured obligation							$ 100,000
Debt instrument face amount						$ 200,000
Board of Directors Chairman [Member] | Diamondhead Casino Corporation [Member]
Secured obligation							200,000
Board of Directors Chairman [Member] | Mississippi Property [Member] | Related Party [Member]
Area of land, owned | a																								400
Board of Directors Chairman [Member] | Diamond Head Property [Member]
Proceeds from repayments of secured debt																	$ 300,000
Chairman of the Board of Directors [Member] | Related Party [Member] | Mississippi Gaming Corporation [Member]
Notes payable																								$ 67,628
Board of Directors [Member] | Maximum [Member]
Proceeds from repayments of secured debt															$ 100,000
Proceeds from repayment of related party debt									$ 20,000
Related party transaction terms and manner of settlement															interest of 15% per annum on the amount advanced and owing and that the full 15% interest per annum is payable during any calendar year in which all or part of the amount advanced and owing or interest due thereon remains unpaid; (ii) the obligation in the maximum principal amount of $100,000 with interest due thereon be treated as a secured debt of the Company, to be evidenced by a separate note and to be secured with a separate lien to be placed on the Diamondhead Property (“the Third Lien”) together with the Chairman’s Third Lien, as well as a first lien to be placed on the residential lot owned by the Company; (iii) that the Third Lien on the Diamondhead Property also include the two loans ($25,000 and $15,000) and interest due thereon and credit facilities in the maximum amount of $15,000; and (iv) that the foregoing will be treated as advances to be paid out of any subsequent incoming financing obtained by the Company or any amounts recovered by the Company from a defendant in that collection action brought by the Company in the Circuit Court of Montgomery County, Maryland
President [Member]
Debt instrument interest rate stated percentage																	9%
Interest payable																	$ 50,655					41,409
Secured obligation							$ 100,000
Other accrued liabilities current and noncurrent																	18,000
President [Member] | Loan One [Member]
Line of credit															$ 25,000		25,000
President [Member] | Loan Two [Member]
Line of credit															15,000		15,000
President [Member] | Two Loans [Member]
Line of credit facility maximum borrowing capacity															$ 15,000
President [Member] | Maximum [Member]
Proceeds from repayments of secured debt						$ 100,000
President [Member] | Related Party [Member]
Due from officers or stockholders																	23,620
Repayments of debt																	49,949
Seven Lenders [Member]
Cash received from advances																$ 47,500					$ 47,500
Three Current Directors [Member]
Cash received from advances																$ 25,000
Seven Lenders and Three Current Directors [Member]
Debt matures term										4 years
Debt instrument interest rate stated percentage										8%
Interest payable																	16,000					14,000
President [Member] | Diamond Head Property [Member]
Proceeds from repayments of secured debt																	100,000
Officers and Directors [Member]
Notes payable																	0					0
Debt instrument face amount																	727,952
Debt instrument, unamortized discount current																	$ 17,699					$ 720,651

Notes Payable Due Others (Detai

Notes Payable Due Others (Details Narrative) - USD ($)

1 Months Ended

2 Months Ended

3 Months Ended

15 Months Ended

Apr. 30, 2022

Mar. 31, 2022

Nov. 30, 2021

Jul. 31, 2021

Dec. 31, 2020

Oct. 31, 2017

May 31, 2021

Feb. 28, 2021

Mar. 31, 2023

Mar. 31, 2022

Jun. 30, 2022

Feb. 17, 2023

Dec. 31, 2022

Dec. 31, 2021

Jan. 31, 2021

Sep. 26, 2014

Debt Instrument [Line Items]

Principal amount

$ 1,500,000

Legal fees

175,000

Debt instrument interest rate stated percentage

4%

Proceeds from other short term debt

$ 80,000

Debt instrument unamortized discount

17,699

$ 0

Mississippi Property [Member]

Debt Instrument [Line Items]

Principal amount

$ 80,000

80,000

Taxes payable current and noncurrent

60,436

60,436

Additional loan amount

$ 19,564

19,564

Stock issued during period shares

160,000

Repayment of related party debt

$ 80,000

Mississippi Property [Member] | Secured Promissory Notes [Member]

Debt Instrument [Line Items]

Principal amount

$ 80,000

80,000

Stock issued during period shares

80,000

Mississippi Property [Member] | Secured Promissory Notes One [Member]

Debt Instrument [Line Items]

Principal amount

$ 40,000

40,000

Number of stock issued, value

40,000

Mississippi Property [Member] | Secured Promissory Notes Two [Member]

Debt Instrument [Line Items]

Principal amount

40,000

40,000

Number of stock issued, value

$ 40,000

Thirteen Liens [Member]

Debt Instrument [Line Items]

Debt instrument unamortized discount

$ 98,000

$ 102,000

Stock issued during period shares

760,000

Debt instrument, call feature

There is a call for the issuance of a total of 760,000 shares of common stock in connection with the notes and liens, however, no shares have been issued to date

Liabilities fair value adjustment

$ 22,050

Others [Member]

Debt Instrument [Line Items]

Debt instrument unamortized discount

554,797

$ 532,563

Debt discount was amortized to interest expense

$ 22,234

$ 30,271

Convertible Promissory Note [Member]

Debt Instrument [Line Items]

Principal amount

$ 150,000

$ 25,000

Legal fees

$ 50,000

Debt instrument term

four

Debt instrument interest rate stated percentage

0%

Three Promissory Notes [Member] | Unrelated Lenders [Member]

Debt Instrument [Line Items]

Principal amount

126,250

Proceeds from other short term debt

100,000

Debt instrument unamortized discount

$ 26,250

Maturity date description

The notes are non-interest bearing and matured in December 2021, one year after the notes’ issuances. These notes are currently in default

Promissory Note One [Member] | Unrelated Lenders [Member]

Debt Instrument [Line Items]

Principal amount

$ 50,000

$ 50,000

$ 25,000

$ 70,000

$ 25,000

Proceeds from other short term debt

$ 50,000

$ 50,000

$ 25,000

Promissory Notes Two [Member] | Unrelated Lenders [Member]

Debt Instrument [Line Items]

Principal amount

25,000

$ 31,250

Two Additional Promissory Notes [Member] | Unrelated Lenders [Member]

Debt Instrument [Line Items]

Proceeds from other short term debt

50,000

Debt instrument unamortized discount

$ 6,250

Promissory Notes Three [Member] | Unrelated Lenders [Member]

Debt Instrument [Line Items]

Principal amount

25,000

Three Additional Promissory Notes [Member] | Unrelated Lenders [Member]

Debt Instrument [Line Items]

Proceeds from other short term debt

100,000

Debt instrument unamortized discount

$ 20,000

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)			3 Months Ended
	Feb. 17, 2023	Feb. 04, 2022	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Oct. 31, 2017	Sep. 26, 2014
Related Party Transaction [Line Items]
Interest rate							4%
Interest expense			$ 171,703	$ 156,785
Monthly base rent			4,534
Rent expense			13,602	13,602
Associated rental costs			8,145	7,408
Operating lease expense			21,747	21,010
Rental costs			5		$ 568,569
Debt instrument face amount			1,500,000
Convertible Promissory Note [Member]
Related Party Transaction [Line Items]
Interest rate						0%
Debt instrument face amount	$ 25,000					$ 150,000
Debt Conversion, Converted Instrument, Shares Issued	50,000
Director [Member]
Related Party Transaction [Line Items]
Directors fees			15,000
Current And Former Directors [Member]
Related Party Transaction [Line Items]
Accrued directors fees			$ 861,250		838,750
Mr. Harrison [Member]
Related Party Transaction [Line Items]
Shares issued		35,000	35,000
President [Member]
Related Party Transaction [Line Items]
Deferred salary			$ 3,441,996
Interest rate			9%
Interest payable			$ 50,655		41,409
Vice President and Current Chairman of Board of Directors [Member]
Related Party Transaction [Line Items]
Deferred salary			121,140
Management [Member]
Related Party Transaction [Line Items]
Interest expense			77,963	$ 71,305
Interest payable			$ 1,989,506		$ 1,781,809

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative)

1 Months Ended

3 Months Ended

Nov. 30, 2023 USD ($) shares

Sep. 15, 2023 USD ($) shares

Jun. 30, 2023 USD ($) shares

Apr. 15, 2023 USD ($) shares

Feb. 17, 2023 USD ($) shares

May 30, 2021 USD ($) shares

Sep. 26, 2014 USD ($)

May 31, 2022 USD ($) shares

Mar. 31, 2022 USD ($) shares

Nov. 30, 2021 USD ($) shares

Jul. 31, 2021 USD ($) shares

Jun. 30, 2021 USD ($) shares

Apr. 30, 2021 USD ($) shares

Mar. 31, 2023 USD ($) a $ / shares shares

Dec. 31, 2022 USD ($)

May 31, 2021 a

Feb. 17, 2021 USD ($)

Jan. 26, 2021 USD ($)

Dec. 31, 2020 USD ($)

Jul. 31, 2020 a

Aug. 21, 2018 USD ($)

Dec. 16, 2016 USD ($)

Dec. 31, 2014 USD ($)

Mar. 31, 2014 USD ($)

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

Debt instrument face amount

$ 1,500,000

Other accrued liabilities, current

466,904

$ 463,743

Accrued franchise taxes

$ 15,125

Purchase of land

$ 5,476,097

5,476,097

Mississippi Gaming Corporation [Member]

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

Shares issued | shares

4,500,000

Percentage of common stock outstanding

10%

Purchase price, common stock

$ 6,000,000

Mississippi Gaming Corporation [Member] | Subsequent Event [Member]

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

Shares issued | shares

2,250,000

Purchase price, common stock

$ 3,000,000

Mississippi Gaming Corporation [Member] | Subsequent Event [Member] | Forecast [Member]

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

Shares issued | shares

2,250,000

Purchase price, common stock

$ 3,000,000

Employee Stock Ownership Plan [Member]

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

Other accrued liabilities, current

$ 476,375

$ 429,750

Mississippi Property [Member]

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

Debt instrument face amount

$ 80,000

Shares issued | shares

160,000

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

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

Debt instrument face amount

$ 137,500

Amount owed

$ 250,000

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

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

Amount owed

$ 400,000

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

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

Debt instrument face amount

$ 2,000,000

Property to secure non interest notes

$ 2,000,000

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

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

Debt instrument face amount

$ 658,750

Property to secure non interest notes

$ 658,750

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

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

Debt instrument face amount

$ 252,500

Shares issued | shares

250,000

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

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

Debt instrument face amount

$ 50,000

Shares issued | shares

100,000

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

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

Debt instrument face amount

$ 50,000

Shares issued | shares

100,000

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

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

Debt instrument face amount

$ 25,000

Shares issued | shares

50,000

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

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

Debt instrument face amount

$ 50,000

Shares issued | shares

100,000

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

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

Debt instrument face amount

$ 80,000

Shares issued | shares

160,000

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

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

Debt instrument face amount

$ 50,000

Shares issued | shares

100,000

Board of Directors Chairman [Member]

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

Debt instrument face amount

$ 25,000

$ 50,000

Shares issued | shares

50,000

100,000

Area of land | a

400

400

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

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

Notes payable

$ 150,000

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

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

Notes payable

$ 100,000

Casinos Austria Maritime Corporation [Member]

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

Other commitments description

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.

Diamondhead Casino Corporation [Member]

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

Common stock available for issuance | shares

4,000,000

Common stock price per share | $ / shares

$ 1

Purchase commitment description

The Purchaser will have the right to nominate two directors to the Board of Directors of Diamondhead Casino Corporation. The current Board of Directors of Diamondhead Casino Corporation will examine and review the background, experience and credentials of the nominees and, once acceptable, pass a resolution appointing the Purchaser’s nominees to the Board of Directors contingent upon Closing of the purchase of a minimum of 2,000,000 shares of Common Stock of Diamondhead Casino Corporation and effective on the date of and immediately following the Closing. In the event the Purchaser has not nominated a director(s) prior to the first purchase of Common Stock of Diamondhead Casino Corporation, the Purchaser may do so at any time thereafter.

Diamondhead Casino Corporation [Member] | Amendment to Settlement Agreement [Member]

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

Proceeds from initial sale of common stock

$ 2,207,500

Diamondhead Casino Corporation [Member] | Forecast [Member]

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

Shares issued | shares

2,000,000

2,000,000

Purchase price, common stock

$ 2,000,000

$ 2,000,000

Mississippi Gaming Corporation [Member]

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

Total purchase price

$ 10,000,000

Area of land | a

75,000

Purchase of land

$ 1,500,000

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

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

Secure principal and interest amount due

$ 1,850,000

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

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

Amount owed

$ 2,000,000

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

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

Debt instrument face amount

$ 1,000,000

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

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

Debt instrument face amount

$ 850,000