XML 54 R42.htm IDEA: XBRL DOCUMENT v3.10.0.1
Loans Payable - Note 2 - Monaco 2016 - Additional Information (Detail)
1 Months Ended 3 Months Ended 9 Months Ended
Dec. 10, 2015
USD ($)
Mar. 31, 2016
USD ($)
Installment
$ / shares
shares
Sep. 30, 2018
USD ($)
Mar. 31, 2018
USD ($)
Sep. 30, 2017
USD ($)
Jun. 30, 2017
USD ($)
Sep. 30, 2018
USD ($)
Sep. 30, 2017
USD ($)
Apr. 15, 2018
Dec. 31, 2017
USD ($)
Debt Instrument [Line Items]                    
Equipment carrying value     $ 11,033,536       $ 11,033,536     $ 16,738,898
Cash proceeds from sale of vessel             1,003,662 $ 80,000    
Loans payable     29,394,770       $ 29,394,770     $ 27,363,442
Marine Vessel [Member]                    
Debt Instrument [Line Items]                    
Cash proceeds from sale of vessel         $ 650,000 $ 650,000        
Monaco [Member]                    
Debt Instrument [Line Items]                    
Debt instrument, value of shares       $ 1,000,000            
Loan Modification [Member]                    
Debt Instrument [Line Items]                    
Conversion price of Notes | $ / shares   $ 1.00                
Loans payable   $ 2,800,000                
Loan Modification [Member] | First Tranche [Member]                    
Debt Instrument [Line Items]                    
Convertible notes payable $ 5,000,000                  
Agreement description             Monaco agreed to cease interest as of December 10, 2015 and reduce the loan balance by (i) the cash or other value received from the SS Central America shipwreck project (“SSCA”) or (ii) if the proceeds received from the SSCA project were insufficient to pay off the loan balance by December 31, 2017, then Monaco could seek repayment of the remaining outstanding balance on the loan by withholding Odyssey’s 21.25% “additional consideration” in new shipwreck projects performed for Monaco in the future.      
Additional consideration percentage 21.25%                  
Loan Modification [Member] | Second Tranche [Member]                    
Debt Instrument [Line Items]                    
Aggregate amount issuable $ 300,000                  
Debt instrument maturity date Dec. 31, 2017                  
Convertible notes payable $ 2,500,000                  
Reduced principal amount $ 2,200,000                  
Loan Modification [Member] | Third Tranche [Member]                    
Debt Instrument [Line Items]                    
Debt instrument maturity date Dec. 31, 2017                  
Convertible notes payable $ 2,500,000                  
Loan Modification [Member] | Oceanica Resources S. de. R.L [Member]                    
Debt Instrument [Line Items]                    
Debt instrument maturity date             Dec. 31, 2017      
Equity component in loans payable   $ 3,174,603                
Debt instrument, number of shares | shares   3,174,603                
Debt instrument, value of shares   $ 3,174,603                
Loan Modification [Member] | Monaco [Member]                    
Debt Instrument [Line Items]                    
Number of options eliminated under share purchase option | shares   3,174,603                
Per share value of shares purchased by private investor | $ / shares   $ 3.15                
Note 2 [Member]                    
Debt Instrument [Line Items]                    
Aggregate amount issuable   $ 1,825,000                
Interest rate, stated percentage   10.00%                
Debt instrument maturity date   Apr. 15, 2018                
Debt default interest rate                 18.00%  
Outstanding notes balance     1,175,000       $ 1,175,000      
Loans payable, repayment         650,000 $ 650,000        
BCF amount recorded     456,250              
Interest expense related to discount     0   38,791          
Debt, interest expense     $ 67,455   $ 29,616          
Note 2 [Member] | Oceanica Resources S. de. R.L [Member]                    
Debt Instrument [Line Items]                    
Conversion price of Notes | $ / shares   $ 1                
Note 2 [Member] | Exploraciones Oceanicas [Member]                    
Debt Instrument [Line Items]                    
Aggregate amount issuable   $ 18,000,000                
Debt instrument maturity date   Sep. 25, 2015                
Note 2 [Member] | Oceanica Marine Operations [Member]                    
Debt Instrument [Line Items]                    
Aggregate amount issuable   $ 9,300,000                
Debt instrument term   30 days                
Aggregate consideration payable   $ 1,800,000                
Debt instrument number of installments | Installment   10                
Installment amount of Notes   $ 750,000                
Equipment carrying value   $ 300,000