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Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 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:

		Three Months Ended June 30,								Six Months Ended June 30,
		2025				2024				2025				2024
Average market price during the period		$	0.91			$	4.29			$	0.71			$	4.37
Option awards			2,159,574				1,529,824				2,159,574				1,000,722
Unvested restricted stock awards			—				10,087				—				—
SPA written call options			4,618,546				—				4,618,546				—
Convertible notes			18,858,952				341,776				18,858,952				147,134
Common Stock Warrant related			10,267,387				10,923,525				10,267,387				1,819,472
Put Options			—				3,871,880				3,871,880				—
Equity exchange rights in connection with Mexican Corporate Transactions			1,841,132				—				1,841,132				—

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:

		Three Months Ended June 30,								Six Months Ended June 30,
		2025				2024				2025				2024
Net (loss) income attributable to Odyssey Marine Exploration, Inc.		$	(14,847,963	)		$	(1,527,103	)		$	(12,606,393	)		$	1,970,921
Numerator:
Basic net (loss) income available to stockholders		$	(14,847,963	)		$	(1,527,103	)		$	(12,606,393	)		$	1,970,921
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		$	(14,847,963	)		$	(1,527,103	)		$	(12,606,393	)		$	690,590
Denominator:
Weighted average common shares outstanding – Basic			30,750,588				20,481,072				29,931,163				20,453,503
Dilutive effect of options			—				—				—				69,816
Dilutive effect of other derivative instruments			—				—				—				3,871,880
Dilutive effect of warrants			—				—				—				1,777,412
Dilutive effect of convertible debt instruments			—				—				—				189,502
Weighted average common shares outstanding – Diluted			30,750,588				20,481,072				29,931,163				26,362,113
Net (loss) income per share:
Basic		$	(0.48	)		$	(0.07	)		$	(0.42	)		$	0.10
Diluted		$	(0.48	)		$	(0.07	)		$	(0.42	)		$	0.03

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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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