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Condensed Consolidated Statements of Operations - Unaudited - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
REVENUE        
Revenue $ 213,901 $ 175,876 $ 632,530 $ 637,190
OPERATING EXPENSES        
Marketing, general and administrative 1,733,247 1,564,156 7,972,626 5,189,410
Operations and research 1,348,817 1,067,142 3,261,199 3,562,705
Total operating expenses 3,082,064 2,631,298 11,233,825 8,752,115
LOSS FROM OPERATIONS (2,868,163) (2,455,422) (10,601,295) (8,114,925)
OTHER INCOME (EXPENSE)        
Interest income 108,047 655 115,770 412,611
Interest expense (1,668,358) (1,836,153) (5,322,125) (3,617,336)
Income / (Loss) on equity method investment 250,857 (190,000) (96,508) (190,000)
Change in derivative liabilities fair value 19,542,434 (1,859,147) 18,471,872 (1,574,658)
Gain / (Loss) on debt extinguishment 0 0 0 21,177,200
Gain/ (loss) sale of wholly owned entity 0 174,107 0 174,107
Residual Economic Interest In Shipwreck 439,006 0 9,839,006 0
Other 431,612 113,102 1,020,956 (1,494,581)
Total other income (expense) 19,103,598 (3,597,436) 24,028,971 14,887,343
INCOME/(LOSS) BEFORE INCOME TAXES 16,235,435 (6,052,858) 13,427,676 6,772,418
Income tax benefit 0 0 0 0
NET INCOME (LOSS) BEFORE NON-CONTROLLING INTEREST 16,235,435 (6,052,858) 13,427,676 6,772,418
Net loss attributable to non-controlling interest 2,452,801 2,239,573 7,231,481 6,790,375
NET INCOME/(LOSS) attributable to Odyssey Marine Exploration, Inc $ 18,688,236 $ (3,813,285) $ 20,659,157 $ 13,562,793
NET INCOME/(LOSS) PER SHARE        
Basic $ 0.9 $ (0.19) $ 1.01 $ 0.68
Diluted $ 0.13 $ (0.19) $ (0.11) $ 0.46
Weighted average number of common shares outstanding        
Basic 20,665,783 20,025,067 20,524,779 19,871,381
Diluted 25,219,258 20,025,067 25,914,533 21,536,962
Marine Services [Member]        
REVENUE        
Revenue $ 207,363 $ 190,699 $ 590,248 $ 628,907
Operating and Other [Member]        
REVENUE        
Revenue $ 6,538 $ (14,823) $ 42,282 $ 8,283