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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2024

Accounting Policies [Abstract]

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The potential common shares in the following tables represent potential common shares from outstanding options, restricted stock awards, convertible notes and other convertible securities that were excluded from the calculation of diluted EPS during periods due to having an anti-dilutive effect are:

		For the Year Ended December 31,
		2024				2023
Average market price during the period		$	3.23			$	3.47
Option awards			1,511,402				916,111
Unvested restricted stock awards			—				10,087
Convertible notes			17,865,600				462,628
Common Stock Warrant related			7,498,460				7,948,176
Put Options			—				4,063,759

Reconciliation of Numerators and Denominators used in Computing Basic and Diluted Net Income Per Share

The following is a reconciliation of the numerators and denominators used in computing basic and diluted net income per share:

		For the Year Ended December 31,
		2024				2023
Net income (loss) attributable to Odyssey Marine Exploration, Inc.		$	15,657,934			$	5,345,819
Numerator:
Basic net income (loss) available to stockholders		$	15,657,934			$	5,345,819
Change in fair value of Equity Exchange Agreement and loss on equity method investment (1)			(6,358,401	)			—
Fair value change of warrants			(7,408,743	)			(4,811	)
Diluted net income (loss) available to stockholders		$	1,890,790			$	5,341,008
Denominator:
Weighted average common shares outstanding – Basic			20,977,521				19,943,633
Dilutive effect of options			95,006				5,557
Dilutive effect of other derivative instruments (1)			3,871,880				—
Dilutive effect of warrants			3,432,542				169,687
Weighted average common shares outstanding – Diluted			28,376,949				20,118,877
Net income (loss) per share:
Basic		$	0.75			$	0.27
Diluted		$	0.07			$	0.27

(1)As further discussed in Note 5, Investment In Unconsolidated Entities, the Equity Exchange Agreement expired on January 3, 2025. As a result, the numerator and denominator adjustments related to the Equity Exchange Agreement will not have an effect on diluted earnings per share on any subsequent period.

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Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

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-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
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Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

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-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
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