ODYSSEY MARINE EXPLORATION INC
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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FY2024 · Filed Mar 31, 2025
OMEX$10.75-0.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $4,791,743 | $4,021,720 |
| Accounts and other related party receivables | 285,764 | 110,320 |
| Other current assets | 683,626 | 743,439 |
| Total current assets | 5,761,133 | 4,875,479 |
| NON-CURRENT ASSETS | ||
| Investment in unconsolidated entities | 9,885,779 | 9,001,646 |
| Option to purchase equity securities in related party | 455,416 | 6,373,402 |
| Bismarck exploration license | 1,821,251 | 1,821,251 |
| Property and equipment, net | 534,016 | 524,656 |
| Right-of-use - operating leases | — | 121,568 |
| Other non-current assets | 34,295 | 34,295 |
| Total non-current assets | 12,730,757 | 17,876,818 |
| Total assets | $18,491,890 | $22,752,297 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY/(DEFICIT) | ||
| CURRENT LIABILITIES | ||
| Accounts payable | $748,403 | $345,378 |
| Accrued expenses | 8,634,576 | 8,493,358 |
| Operating lease liability, current portion | — | 129,140 |
| Forward contract liability | — | 1,446,796 |
| Put option liability | — | 5,637,162 |
| Loans payable, current portion | 13,084,379 | 15,413,894 |
| Total current liabilities | 22,467,358 | 31,465,728 |
| LONG-TERM LIABILITIES | ||
| Loans payable | 9,851,151 | 7,903,074 |
| Debt derivative liability | 3,052,000 | — |
| Warrant liabilities | 4,798,759 | 15,792,385 |
| Litigation financing and other | 56,950,377 | 52,817,938 |
| Deferred contract liability | 455,416 | 679,706 |
| Total long-term liabilities | 75,107,703 | 77,193,103 |
| Total liabilities | 97,575,061 | 108,658,831 |
| Commitments and contingencies (Note 11) | ||
| STOCKHOLDERS’ EQUITY/(DEFICIT) | ||
| Preferred stock – $0.0001 par value; 24,984,166 shares authorized; none issued and outstanding | — | — |
| Common stock – $0.0001 par value; 75,000,000 shares authorized; 28,825,333 and 20,420,896 issued and outstanding | 2,883 | 2,042 |
| Additional paid-in capital | 264,191,579 | 263,616,186 |
| Accumulated deficit | (280,439,023) | (296,096,957) |
| Total stockholders’ deficit before non-controlling interest | (16,244,561) | (32,478,729) |
| Non-controlling interest | (62,838,610) | (53,427,805) |
| Total stockholders’ deficit | (79,083,171) | (85,906,534) |
| Total liabilities and stockholders’ deficit | $18,491,890 | $22,752,297 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.