XML 19 R4.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
REVENUE    
Revenue $ 803,799 $ 1,334,702
OPERATING EXPENSES    
Marketing, general and administrative 6,843,181 9,427,428
Operations and research 4,298,179 9,760,470
Total operating expenses 11,141,360 19,187,898
LOSS FROM OPERATIONS (10,337,561) (17,853,196)
OTHER INCOME (EXPENSE)    
Interest income 412,625 96,478
Interest expense (5,039,952) (2,301,794)
Loss on equity method investment (278,910) 0
Gain on Cuota Appreciation Rights extinguishment   315,235
Gain on debt extinguishment 21,177,200 0
Change in derivative liabilities fair value (8,302,866) (9,914,545)
Other (1,515,138) (164,609)
Total other income (expense) 6,452,959 (11,969,235)
(LOSS) BEFORE INCOME TAXES (3,884,602) (29,822,431)
Income tax benefit 0 0
NET (LOSS) (3,884,602) (29,822,431)
Net loss attributable to noncontrolling interest 9,230,421 7,742,572
NET INCOME / (LOSS) attributable to Odyssey Marine Exploration, Inc. $ 5,345,819 $ (22,079,859)
NET INCOME / (LOSS) PER SHARE    
Net Income / (Loss) per share - Basic $ 0.27 $ (1.28)
Net Income / (Loss) per share - Diluted $ 0.27 $ (1.28)
Weighted average number of common shares outstanding    
Basic 19,943,633 17,310,915
Diluted 20,118,877 17,310,915
Marine Services [Member]    
REVENUE    
Revenue $ 779,581 $ 1,150,767
Product and Service, Other [Member]    
REVENUE    
Revenue $ 24,218 $ 183,935