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Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2025

Organization, Consolidation and Presentation of Financial Statements [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 Three Months Ended March 31,
		2025				2024
Average market price during the period		$	0.51			$	4.44
Option awards			1,388,824				1,529,824
Unvested restricted stock awards			—				10,087
Convertible notes			5,954,695				146,482
Common Stock Warrant related			10,727,387				951,148

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 Three Months Ended March 31,
		2025				2024
Net income (loss) attributable to Odyssey Marine Exploration, Inc.		$	2,241,570			$	3,498,024
Numerator:
Basic net income (loss) available to stockholders		$	2,241,570			$	3,498,024
Loss on equity method investment			(141,414	)			—
Fair value change of debt instruments			(1,600,826	)			(1,617,819	)
Fair value change of warrants			—				(6,798,430	)
Diluted net income (loss) available to stockholders		$	499,330			$	(4,918,225	)
Denominator:
Weighted average common shares outstanding – Basic			29,102,633				20,425,934
Dilutive effect of options			143,570				—
Dilutive effect of other derivative instruments			129,063				—
Dilutive effect of warrants			—				1,909,565
Dilutive effect of convertible debt instruments			12,241,147				4,322,601
Weighted average common shares outstanding – Diluted			41,616,413				26,658,100
Net income (loss) per share:
Basic		$	0.08			$	0.17
Diluted		$	0.01			$	(0.18	)

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- References

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- Definition

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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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