Three Months Ended June 30,

Six Months Ended June 30,

2024

2023

2024

2023

(As Restated)

Net (loss) income attributable to Odyssey Marine Exploration, Inc.

$

(1,527,103

)

$

(4,931,609

)

$

1,970,921

$

17,376,078

Numerator:

Basic net (loss) income available to stockholders

$

(1,527,103

)

$

(4,931,609

)

$

1,970,921

$

17,376,078

Fair value change of debt instruments

—

—

(243,253

)

—

Fair value change of warrants

—

—

(682,667

)

—

Fair value change of convertible debt

—

—

(354,411

)

—

Diluted net (loss) income available to stockholders

$

(1,527,103

)

$

(4,931,609

)

$

690,590

$

17,376,078

Denominator:

Weighted average common shares outstanding – Basic

20,481,072

19,918,677

20,453,503

19,793,265

Dilutive effect of options

—

—

69,816

4,533

Dilutive effect of other derivative instruments

—

—

3,871,880

171,361

Dilutive effect of warrants

—

—

1,777,412

—

Dilutive effect of convertible instruments

—

—

189,502

88,735

Weighted average common shares outstanding – Diluted

20,481,072

19,918,677

26,362,113

20,057,894

Net (loss) income per share:

Basic

$

(0.07

)

$

(0.25

)

$

0.10

$

0.88

Diluted

$

(0.07

)

$

(0.25

)

$

0.03

$

0.87