ODYSSEY MARINE EXPLORATION INC
For the period ended Dec 31, 2023. Filed May 17, 2024.
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FY2023 · Filed May 17, 2024
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, 2023 | December 31, 2022 (As Restated) | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $4,021,720 | $1,443,421 |
| Accounts and other related party receivables | 110,320 | 7,515 |
| Short-term notes receivable from related party | — | 1,576,717 |
| Other current assets | 743,439 | 947,428 |
| Total current assets | 4,875,479 | 3,975,081 |
| NON-CURRENT ASSETS | ||
| Investment in unconsolidated entities | 9,001,646 | 3,901,617 |
| Option to purchase equity securities in related parties | 6,373,402 | 960,968 |
| Bismarck exploration license | 1,821,251 | 1,821,251 |
| Property and equipment, net | 524,656 | 2,877,590 |
| Right of use - operating leases | 121,568 | 300,025 |
| Other non-current assets | 34,295 | 34,295 |
| Total non-current assets | 17,876,818 | 9,895,746 |
| Total assets | $22,752,297 | $13,870,827 |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||
| CURRENT LIABILITIES | ||
| Accounts payable | $345,378 | $2,285,894 |
| Accrued expenses | 8,493,358 | 17,615,507 |
| Operating lease liability, current portion | 129,140 | 186,656 |
| Forward contract liability | 1,446,796 | — |
| Put option liability | 5,637,162 | — |
| Loans payable, current portion | 15,413,894 | 21,732,654 |
| Total current liabilities | 31,465,728 | 41,820,711 |
| LONG-TERM LIABILITIES | ||
| Loans payable | 7,903,074 | 663,536 |
| Warrant liabilities | 15,792,385 | 13,602,467 |
| Litigation financing and other | 52,817,938 | 45,368,948 |
| Deferred contract liability | 679,706 | 960,968 |
| Operating lease liability | — | 129,139 |
| Total long-term liabilities | 77,193,103 | 60,725,058 |
| Total liabilities | 108,658,831 | 102,545,769 |
| Commitments and contingencies (NOTE 18) | ||
| STOCKHOLDERS’ DEFICIT | ||
| Preferred stock - $.0001 par value; 24,984,166 shares authorized; none outstanding | — | — |
| Common stock – $.0001 par value; 75,000,000 shares authorized; 20,420,896 and 19,540,310 issued and outstanding | 2,042 | 1,954 |
| Additional paid-in capital | 263,616,186 | 256,963,264 |
| Accumulated deficit | (296,096,957) | (301,442,776) |
| Total stockholders’ deficit before non-controlling interest | (32,478,729) | (44,477,558) |
| Non-controlling interest | (53,427,805) | (44,197,384) |
| Total stockholders’ deficit | (85,906,534) | (88,674,942) |
| Total liabilities and stockholders’ deficit | $22,752,297 | $13,870,827 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.