ODYSSEY MARINE EXPLORATION INC
For the period ended Dec 31, 2025. Filed Mar 31, 2026.
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FY2025 · Filed Mar 31, 2026
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, | ||
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $3,515,881 | $4,791,743 |
| Accounts and other related party receivables | 67,323 | 285,764 |
| Other current assets | 772,616 | 683,626 |
| Total current assets | 4,355,820 | 5,761,133 |
| NON-CURRENT ASSETS | ||
| Investment in unconsolidated entities | 8,818,748 | 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 | 474,816 | 534,016 |
| Other non-current assets | 34,295 | 34,295 |
| Total non-current assets | 11,484,084 | 12,730,757 |
| Total assets | $15,839,904 | $18,491,890 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY/(DEFICIT) | ||
| CURRENT LIABILITIES | ||
| Accounts payable | $770,750 | $748,403 |
| Accrued expenses | 9,846,020 | 8,634,576 |
| Loans payable, current portion | 1,062,356 | 13,084,379 |
| Total current liabilities | 11,679,126 | 22,467,358 |
| LONG-TERM LIABILITIES | ||
| Loans payable | 3,933,042 | 9,851,151 |
| Debt derivative liability | — | 3,052,000 |
| Warrant liabilities | 12,150,360 | 4,798,759 |
| Litigation financing and other | 63,287,048 | 56,950,377 |
| Deferred contract liability | 334,974 | 455,416 |
| Total long-term liabilities | 79,705,424 | 75,107,703 |
| Total liabilities | 91,384,550 | 97,575,061 |
| Commitments and contingencies (Note 12) | ||
| 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; 55,771,913 and 28,825,333 issued and outstanding | 5,577 | 2,883 |
| Additional paid-in capital | 285,869,928 | 264,191,579 |
| Accumulated deficit | (323,524,208) | (280,439,023) |
| Total stockholders’ deficit before non-controlling interest | (37,648,703) | (16,244,561) |
| Non-controlling interest | (37,895,943) | (62,838,610) |
| Total stockholders’ deficit | (75,544,646) | (79,083,171) |
| Total liabilities and stockholders’ deficit | $15,839,904 | $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.