Related Party Transactions	6 Months Ended
Jun. 30, 2018
Related Party Transactions [Abstract]
Related Party Transactions	NOTE D – RELATED PARTY TRANSACTIONS In December 2015, we entered into an asset acquisition agreement with Monaco Financial, LLC (“Monaco”) (See NOTE R in our Form 10-K filed with the Securities and Exchange Commission for the period ended December 31, 2017 for further information). We had accounts receivable with Monaco and related affiliates at June 30, 2018 of $546,073 and at December 31, 2017 of $183,453. We had general operating payables with Monaco at June 30, 2018 of $727,632 and at December 31, 2017 of $508,802. See NOTE H for further debt commitments between the entities. Based on the economic substance of these business transactions, we consider Monaco Financial, LLC to be an affiliated company, thus a related party. We do not own any financial interest in Monaco. During the first part of 2018, we performed marine shipwreck search and recovery services for this related party and recognized revenue of $1.1 million. We also lease our corporate office space on an annually renewable basis from Monaco at $20,080 per month. During the three-months ended June 30, 2018, we began providing services to a deep-sea mineral exploration company that was organized and is majority owned and controlled by Greg Stemm, the Chairman of the Board for Odyssey. Mr. Stemm’s involvement with this company was disclosed to, and approved by, the Odyssey Board of Directors and legal counsel pursuant to the terms of his consulting agreement. We will be providing these services subject to a Master Services Agreement which provides for back office services in exchange for a recurring monthly fee as well as other marine related services on a cost-plus profit basis and will be compensated for these services with a combination of cash and equity in the company. We have not yet determined the specific accounting guidance related to the fair value measurement of what may be the investment in the company. We are also analyzing this entity to determine if it may be a variable interest entity. For the quarter ended June 30, 2018, we invoiced the company a total of $0.4 million for related services. This amount is comprised of $0.1 million to be paid in cash and $0.3 million which we will have the option to convert to equity in the company. This amount is disclosed on our consolidated balance sheets in non-current assets as the current intent is to settle in equity. See NOTE C for related accounts receivable at June 30, 2018.

NOTE D – RELATED PARTY TRANSACTIONS

In December 2015, we entered into an asset acquisition agreement with Monaco Financial, LLC (“Monaco”) (See NOTE R in our Form 10-K filed with the Securities and Exchange Commission for the period ended December 31, 2017 for further information). We had accounts receivable with Monaco and related affiliates at June 30, 2018 of $546,073 and at December 31, 2017 of $183,453. We had general operating payables with Monaco at June 30, 2018 of $727,632 and at December 31, 2017 of $508,802. See NOTE H for further debt commitments between the entities. Based on the economic substance of these business transactions, we consider Monaco Financial, LLC to be an affiliated company, thus a related party. We do not own any financial interest in Monaco. During the first part of 2018, we performed marine shipwreck search and recovery services for this related party and recognized revenue of $1.1 million. We also lease our corporate office space on an annually renewable basis from Monaco at $20,080 per month.

During the three-months ended June 30, 2018, we began providing services to a deep-sea mineral exploration company that was organized and is majority owned and controlled by Greg Stemm, the Chairman of the Board for Odyssey. Mr. Stemm’s involvement with this company was disclosed to, and approved by, the Odyssey Board of Directors and legal counsel pursuant to the terms of his consulting agreement. We will be providing these services subject to a Master Services Agreement which provides for back office services in exchange for a recurring monthly fee as well as other marine related services on a cost-plus profit basis and will be compensated for these services with a combination of cash and equity in the company. We have not yet determined the specific accounting guidance related to the fair value measurement of what may be the investment in the company. We are also analyzing this entity to determine if it may be a variable interest entity. For the quarter ended June 30, 2018, we invoiced the company a total of $0.4 million for related services. This amount is comprised of $0.1 million to be paid in cash and $0.3 million which we will have the option to convert to equity in the company. This amount is disclosed on our consolidated balance sheets in non-current assets as the current intent is to settle in equity. See NOTE C for related accounts receivable at June 30, 2018.