XML 14 R4.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
REVENUE    
Revenues $ 203,064 $ 288,739
OPERATING EXPENSES    
Marketing, general and administrative 4,034,527 1,815,923
Operations and research 885,667 1,284,729
Total operating expenses 4,920,194 3,100,652
LOSS FROM OPERATIONS (4,717,130) (2,811,913)
OTHER INCOME (EXPENSE)    
Interest income 409 388,532
Interest expense (1,819,994) (706,522)
Loss on equity method investment (213,946) 0
Change in derivative liabilities fair value 7,854,902 3,046,886
Gain on debt extinguishment 0 21,478,614
Other (183,273) (1,323,353)
Total other income (expense) 5,638,098 22,884,157
INCOME/(LOSS) BEFORE INCOME TAXES 920,968 20,072,244
Income tax benefit 0 0
NET INCOME / (LOSS) 920,968 20,072,244
Net loss attributable to non-controlling interest 2,577,056 2,235,443
NET INCOME / (LOSS) attributable to Odyssey Marine Exploration, Inc. $ 3,498,024 $ 22,307,687
NET INCOME / (LOSS) PER SHARE    
Basic (See Note 2) $ 0.17 $ 1.13
Diluted (See Note 2) $ (0.18) $ 1.12
Weighted average number of common shares outstanding    
Basic 20,425,934 19,666,459
Diluted 26,658,100 19,878,544
Marine services [Member]    
REVENUE    
Revenues $ 203,064 $ 271,375
Operating and other [Member]    
REVENUE    
Revenues $ 0 $ 17,364