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Condensed Consolidated Statements of Operations - Unaudited - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
REVENUE        
Revenue $ 215,565 $ 172,575 $ 418,629 $ 461,314
OPERATING EXPENSES        
Marketing, general and administrative 2,204,852 1,809,328 6,239,379 3,625,254
Operations and research 1,026,715 1,210,836 1,912,382 2,495,563
Total operating expenses 3,231,567 3,020,164 8,151,761 6,120,817
LOSS FROM OPERATIONS (3,016,002) (2,847,589) (7,733,132) (5,659,503)
OTHER INCOME (EXPENSE)        
Interest income 7,314 23,424 7,723 411,956
Interest expense (1,833,773) (1,074,661) (3,653,767) (1,781,183)
Loss on equity method investment (133,419) 0 (347,365) 0
Change in derivative liabilities fair value (8,925,464) (2,762,397) (1,070,562) 284,489
Gain / (Loss) on debt extinguishment 0 (301,414) 0 21,177,200
Residual Economic Interest In Shipwreck 9,400,000 0 9,400,000 0
Other 772,617 (284,331) 589,344 (1,607,683)
Total other income (expense) (712,725) (4,399,379) 4,925,373 18,484,779
INCOME/(LOSS) BEFORE INCOME TAXES (3,728,727) (7,246,968) (2,807,759) 12,825,276
Income tax benefit 0 0 0 0
NET INCOME (LOSS) BEFORE NON-CONTROLLING INTEREST (3,728,727) (7,246,968) (2,807,759) 12,825,276
Net loss attributable to non-controlling interest 2,201,624 2,315,359 4,778,680 4,550,802
NET INCOME/(LOSS) attributable to Odyssey Marine Exploration Inc. $ (1,527,103) $ (4,931,609) $ 1,970,921 $ 17,376,078
NET INCOME/(LOSS) PER SHARE        
Basic $ (0.07) $ (0.25) $ 0.1 $ 0.88
Diluted $ (0.07) $ (0.25) $ 0.03 $ 0.87
Weighted average number of common shares outstanding        
Basic 20,481,072 19,918,677 20,453,503 19,793,265
Diluted 20,481,072 19,918,677 26,362,113 20,057,894
Marine Services [Member]        
REVENUE        
Revenue $ 179,821 $ 166,832 $ 382,885 $ 438,208
Operating and Other [Member]        
REVENUE        
Revenue $ 35,744 $ 5,743 $ 35,744 $ 23,106