XML 51 R50.htm IDEA: XBRL DOCUMENT v3.19.3
Loans Payable - Note 2 - Monaco 2016 - Additional Information (Detail)
1 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Dec. 10, 2015
USD ($)
Mar. 31, 2018
USD ($)
Mar. 31, 2016
USD ($)
Installment
$ / shares
Sep. 30, 2019
USD ($)
$ / shares
shares
Jun. 30, 2018
USD ($)
Mar. 31, 2018
USD ($)
Sep. 30, 2019
USD ($)
$ / shares
shares
Dec. 31, 2017
USD ($)
Dec. 31, 2018
USD ($)
Debt Instrument [Line Items]                  
Interest expense related to discount       $ 53,379          
Loans payable       $ 32,070,992     $ 32,070,992   $ 29,448,988
Marine Vessel [Member]                  
Debt Instrument [Line Items]                  
Cash proceeds from sale of vessel               $ 650,000  
Monaco [Member]                  
Debt Instrument [Line Items]                  
Debt instrument, value of shares           $ 1.0      
Loan Modification [Member]                  
Debt Instrument [Line Items]                  
Conversion price of Notes | $ / shares       $ 1.00     $ 1.00    
Loans payable       $ 2,800,000     $ 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     $ 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     3,174,603    
Per share value of shares purchased by private investor | $ / shares       $ 3.15     $ 3.15    
Gains (Losses) on Restructuring of Debt             $ 1,200,000    
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            
Outstanding notes balance       $ 1,175,000     $ 1,175,000   $ 1,175,000
Loans payable, repayment               $ 650,000  
BCF amount recorded   $ 456,250              
Interest expense related to discount       $ 67,454 $ 67,455        
Note 2 [Member] | Oceanica Resources S. de. R.L [Member]                  
Debt Instrument [Line Items]                  
Conversion price of Notes | $ / shares     $ 1.00            
Debt instrument number of installments | Installment     10            
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            
Installment amount of Notes     750,000            
Equipment carrying value     $ 100,000