ODYSSEY MARINE EXPLORATION INC
For the period ended Sep 30, 2025. Filed Nov 12, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 12, 2025
OMEX$10.75-0.6%Stored close · as of Nov 9, 2026
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Item 1. Condensed Consolidated Balance Sheets as of September 30, 2025 and December 31, 2024
COND ENSED CONSOLIDATED BALANCE SHEETS
| September 30, 2025 | December 31, 2024 | |
|---|---|---|
| (unaudited) | ||
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $5,816,220 | $4,791,743 |
| Accounts and other related party receivables | 67,320 | 285,764 |
| Other current assets | 321,434 | 683,626 |
| Total current assets | 6,204,974 | 5,761,133 |
| NON-CURRENT ASSETS | ||
| Investment in unconsolidated entities | 8,864,428 | 9,885,779 |
| Option to purchase equity securities in related party | 334,974 | 455,416 |
| Bismarck exploration license | 1,821,251 | 1,821,251 |
| Property and equipment, net | 479,099 | 534,016 |
| Other non-current assets | 34,296 | 34,295 |
| Total non-current assets | 11,534,048 | 12,730,757 |
| Total assets | $17,739,022 | $18,491,890 |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||
| CURRENT LIABILITIES | ||
| Accounts payable | $507,406 | $748,403 |
| Accrued expenses | 9,416,238 | 8,634,576 |
| Loans payable, current portion | 6,485,754 | 13,084,379 |
| Total current liabilities | 16,409,398 | 22,467,358 |
| Loans payable | 3,902,252 | 9,851,151 |
| Debt derivative liabilities | 1,474,000 | 3,052,000 |
| Warrant liabilities | 14,201,314 | 4,798,759 |
| Litigation financing | 64,716,855 | 56,950,377 |
| Deferred contract liability | 334,974 | 455,416 |
| Total liabilities | 101,038,793 | 97,575,061 |
| Commitments and contingencies (Note 9) | ||
| STOCKHOLDERS’ 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; 50,384,898 and 28,825,333 issued and outstanding | 5,039 | 2,883 |
| Additional paid-in capital | 260,708,273 | 264,191,579 |
| Accumulated deficit | (306,118,162) | (280,439,023) |
| Total stockholders’ deficit before non-controlling interest | (45,404,850) | (16,244,561) |
| Non-controlling interest | (37,894,921) | (62,838,610) |
| Total stockholders’ deficit | (83,299,771) | (79,083,171) |
| Total liabilities and stockholders’ deficit | $17,739,022 | $18,491,890 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.