XML 47 R28.htm IDEA: XBRL DOCUMENT v3.23.1

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022

Reconciliation of Numerators and Denominators used in Computing Basic and Diluted Net Income Per Share

The following is a reconciliation of the numerators and denominators used in computing basic and diluted net income per share:

		Year Ended December 31, 2022				Year Ended December 31, 2021				Year Ended December 31, 2020
Net loss		$	(23,140,750	)		$	(9,956,395	)		$	(14,812,156	)
Numerator, basic and diluted net loss available to stockholders		$	(23,140,750	)		$	(9,956,395	)		$	(14,812,156	)
Denominator:
Shares used in computation – basic:
Weighted average common shares outstanding			17,310,915				13,296,687				10,538,114
Shares used in computation – diluted:
Weighted average common shares outstanding			17,310,915				13,296,687				10,538,114
Net loss per share – basic and diluted		$	(1.34	)		$	(0.75	)		$	(1.41	)

In the Money Potential Common Shares [Member]

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The potential common shares in the following table represents potential common shares calculated using the as if-converted method from outstanding options, stock awards and warrants that were excluded from the calculation of diluted EPS:

		December 31, 2022				December 31, 2021				December 31, 2020
Average market price during the period		$	4.22			$	6.50			$	5.06
In the money potential common shares from options excluded			643,841				22,493				22,493
In the money potential common shares from warrants excluded			5,490,893				2,781,314				2,585,179

Out of Money Potential Common Shares [Member]

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

Potential common shares from out of the money options and warrants were also excluded from the computation of diluted EPS because calculation of the associated potential common shares has an anti-dilutive effect on EPS. The following table lists options and warrants that were excluded from diluted EPS.​​​​​​​

Per share exercise price		December 31, 2022		December 31, 2021		December 31, 2020
Out of the money options excluded:
$12.48		136,833		136,833		136,833
$12.84		4,167		4,167		4,167
$26.40		75,158		75,158		75,158
Out-of-the-money warrants excluded:
$4.67		131,816		—		—
$4.75		1,873,622		—		—
$5.76		196,135		—		196,135
$7.16		700,000		700,000		700,000
Total excluded		3,117,731		916,158		1,112,293

Unvested Restricted Stock Awards Excluded from EPS [Member]

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The equivalent common shares relating to our unvested restricted stock awards that were excluded from potential common shares used in the earning per share calculation due to having an anti-dilutive effect are:

		December 31, 2022				December 31, 2021				December 31, 2020
Excluded unvested restricted stock awards			45,618				276,709				249,391

X

- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

+ Details

Name:	us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

+ Details

Name:	us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis=omex_InMoneyPotentialCommonSharesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis=omex_OutOfMoneyPotentialCommonSharesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis=us-gaap_RestrictedStockMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: